After a year of death and destruction, Ukraine braces itself for a major escalation in the war
Russia is expected to launch a large-scale offensive, with Ukraine expected to counter-attack in summer. In the meantime, it’s waiting for more weapons.
Financial News
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
The U.K. has thus far avoided a widely anticipated recession, and the economy may be holding up better than feared, according to veteran fund manager Andy Brough.
Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payout
Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and …
‘They started the war’: Russia’s Putin blames West and Ukraine for provoking conflict
Russian President Vladimir Putin on Tuesday used a widely-watched speech to deny responsibility for the war in Ukraine and lash out at his adversaries.
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, over the issue of whether Binance USD (BUSD) is a security.
Beijing is ‘watching closely’ if Russia succeeds in Ukraine, NATO says, flagging rising China challenge
NATO Secretary-General Jens Stoltenberg said China is closely watching Russia’s success in Ukraine, with the war’s outcome likely to have major reverberations in Asia-Pacific.
China’s rebound is the biggest unknown facing oil markets, IEA chief says
The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure.
‘Boring is the new sexy’ as UK’s stock index closes above 8,000 for the first time
The FTSE 100 index closed above 8,000 points for the first time on Thursday, but one analyst said U.K. stocks “remain incredibly cheap.”
Charlie Munger says BYD is so far ahead of Tesla in China ‘it’s almost ridiculous’
Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever.
China’s economic recovery is off to a slow start
Preliminary economic data indicate overall growth isn’t yet roaring back since mainland China ended its Covid controls in early December.