Over $8B in Russian Central Bank assets immobilized in Switzerland
The Swiss Federal Department of Economic Affairs has frozen approximately $8.3 billion in assets owned by the Russian Central Bank, according to a new report.
US defense industry scrambles to boost artillery production to aid Ukraine, deter China
The war in Ukraine has prompted the U.S. and other allied countries to scramble to increase the production of 155 mm artillery shells that have been in high demand.
OPEC+ announces surprise oil production cut that could lead to higher prices at pump
A group of OPEC and OPEC+ countries led by Saudi Arabia, Iraq and UAE announced voluntary oil production cuts of more than 1 million barrels per day in a surprise move.
Raytheon awarded $1.2 billion contract to make Patriot missile defense systems for US Army, Switzerland
The Pentagon awarded Raytheon a $1.2 billion contract to produce additional Patriot surface-to-air missile systems for the U.S. Army and Switzerland's military.
Ukrainian refugees fill US jobs, housing a year after Russian invasion
The Department of Homeland Security says nearly 300,000 Ukrainian refugees now call America home a year after Russia's invasion. Many work long hours to send money back to family.
US surpasses Russia as Europe’s top supplier of crude oil
The European Union imported more oil from the U.S. than Russia in December 2022, marking the EU's shift away from Russian energy following its invasion of Ukraine.
Russian oil rerouted to ‘friendly’ countries at no decrease in sales, officials claim
Russian officials say they have rerouted all oil exports to "friendly" countries at no loss to revenue but expect 2023 to be a more challenging year as Western sanctions bite.
Russian iPhone competitor AYYA sells fewer than 1,000 units
The Russian smartphone meant to replace the Apple iPhone has experienced dismal sales since it was rolled out to consumers in October 2022.
Stuart Varney: Biden needs to define what 'winning' is
FOX Business' Stuart Varney reacted to Russian jets downing an American drone amid its conflict with Ukraine, arguing Biden needs to define what "winning" the war looks like.
Pompeo sounds alarm over Biden leaving billions of US military equipment in Afghanistan: 'Horrific'
Former Secretary of State Mike Pompeo argues Biden's withdrawal from Afghanistan resulted in the loss of American power, and the Taliban's gain of U.S. military equipment.
Senate’s bipartisan RESTRICT Act would block tech products like TikTok made in adversarial countries
Senators introduced the bipartisan RESTRICT Act that would block technology products from adversarial countries like China and Russia from being available in the U.S.
Jamie Dimon says Ukraine war, China his biggest economic concerns
JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Ukraine, and what it means for U.S. relations with China, are the top economic concerns.
Iran claims discovery of massive lithium deposit
Iran claims to have discovered a massive lithium deposit for the first time ever as demand for the raw material sores as the world races to go electric.
US slaps North Korea with new sanctions targeting the 'regime’s global illicit networks'
The Treasury Department slapped three companies and two individuals with fresh sanctions on Wednesday for "illicitly generating revenue" for North Korea.
Janet Yellen makes surprise Ukraine visit
Treasury Secretary Janet Yellen made a surprise visit to Kyiv on Monday, meeting with Ukrainian President Zelenskyy to reinforce America's commitment to supporting the country.
World Bank estimates earthquake in Turkey caused $34.2 billion in damage; rebuilding may cost double
The deadly earthquake in Turkey earlier this month caused an estimated $34.2 billion in damage, according to the World Bank, and may cost twice that to rebuild.
Iran's currency plummets to all-time low amid anti-regime protests, sanctions
Iran's currency fell to a record low against the U.S. dollar on Sunday as the country's economy struggles with the impact of internal unrest and sanctions.
Navy SEAL who killed bin Laden challenges military chiefs on victory in Ukraine: ‘What is winning?’
Navy SEAL who killed Osama bin Laden Rob O'Neill questions the concept of victory in Ukraine as the war hits the one-year milestone since Russia's invasion.
How Russia’s invasion of Ukraine changed financial markets
Russia's invasion of Ukraine, one year ago, could have permanent negative consequences for the global economy, inflation, and financial markets caused by reduced trade.
US slaps new sanctions on Russia over Ukraine war, raises tariffs
The U.S. Treasury Department announced new sanctions against individuals and companies tied to Russia's defense sector to hobble Russia's war machine.