Shoppers say inflation is forcing them to change habits
Shoppers in New Jersey said the U.S. needs to focus more assistance toward the home front amid surging inflation.
Russian hackers 'ramping up efforts' after cyberattack shut down Ukraine internet connections, Musk warns
Russia carried out a cyberattack early on in its invasion of Ukraine, cutting off from the internet thousands of modems throughout Europe, officials from the U.S., Great Britain, Canada, Estonia and the European Union announced Tuesday. SpaceX founder Elon Musk, whose Starlink satellites have helped ensure Ukrainians' access to the internet amid Russia's invasion, warned that Kremlin forces are “ramping up their efforts."
Chelsea Football Club confirms terms for sale to Boehly-led group
The anticipated sale of the Chelsea Football Club has been confirmed and would be the most ever paid for a professional sports team.
Putin issues decree to hit 'unfriendly' nations with export blocks in potential blow to global economy
Russian President Vladimir Putin issued a retaliatory decree Tuesday to hit “unfriendly” states with export blocks in a move that could further hinder the global market.
US suffers decline in natural gas production growth as countries seek Russian alternative
The U.S. is suffering slowed natural gas production growth as several countries look for new energy suppliers after imposing sanctions on Russia following its invasion of Ukraine.
EU energy ministers in emergency talks after Russia makes gas cuts
EU energy ministers are holding crisis talks to craft a united response to the Kremlin's demand that European buyers purchase Russian fuel in rubles or have their energy supply cut off.
Price of diesel hits all-time high, straining the trucking industry
The price of diesel hit an all-time high in the United States this week as energy markets around the world cope with ongoing disruptions amid Russia's invasion of Ukraine.
European Union likely to approve Russian oil embargo next week: report
European Union countries next week are likely to approve a phased embargo on Russian oil, dealing a significant economic blow to Moscow over its invasion of Ukraine, The New York Times is reporting.
Persistently high food, energy prices could lead to stagflation, World Bank warns
The Russian war in Ukraine has sent the global cost of food and energy soaring, and costs are expected to remain elevated in the coming three years, the World Bank said in a grim economic forecast this week.
Russia’s Gazprom cutting off gas supplies to Poland, Bulgaria for refusing to pay in rubles
Polish and Bulgarian officials said Tuesday that Russian energy company Gazprom informed them it was suspending natural gas supplies to the two countries for their refusal to pay in Russian rubles.
SpaceX nabs 'eye-watering' wins against Russian hackers in Ukraine, Pentagon says
SpaceX has notched "eye-watering" wins against Russian hackers as it tries to keep Ukraine connected to the internet, Pentagon officials said this week.
IMF cuts global growth forecasts as Ukraine war, inflation cast shadow on world economy
The global economic outlook has darkened considerably as the Russian war in Ukraine and sky-high inflation weigh on the still-fragile recovery from the pandemic, the International Monetary Fund warned on Tuesday.
GOP states urge Biden to reauthorize Keystone XL pipeline: 'We told you so'
Multiple GOP state Attorneys General are calling on President Biden to reauthorize the Keystone XL pipeline, saying that his decision to revoke the Trump-era permit has contributed to record-high gas prices and made U.S. allies more dependent on Russia during its invasion of Ukraine.
World Bank slashes outlook for economic growth over Russia-Ukraine war
The World Bank cut its forecast for global economic growth this year as a result of the Russian war in Ukraine and is preparing a $170 billion aid package for struggling nations.
Lt. Gen Hodges: 'McCarthy is off by about 8 years on his comment'
CEPA Strategic Studies Pershing Chair Lt. General Ben Hodges (Ret.) on Zelenskyy asking for more weapons and describes Rep. McCarthy's statement that attacks could have been prevented as 'uninformed'.
Russian economy poised to crash as sanctions take their toll
The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine.
IMF chief warns inflation poses a 'clear and present danger' to global economy
IMF chief warned this week that Russia's invasion of Ukraine has weakened the economic outlook for most of the world and sky-high inflation posed a "clear and present danger" to the global economy.
Russia may have defaulted on its debt for first time in 100 years: Moody's
Russia may have defaulted on foreign bonds for the first time since the years following the 1917 Bolshevik revolution.
Uber restarts service in Ukrainian capital of Kyiv amid Russia's invasion
Uber said it is restarting its ridesharing service in the Ukrainian capital of Kyiv on Thursday with the goal of supporting “a return to normality as quickly as possible.”
Yellen flexes muscle in Russia fight, warns nation against flouting sanctions
Treasury Secretary Janet Yellen on Wednesday warned of major consequences for countries that undermine the sanctions that the U.S. and its Western allies have imposed on Russia over the war in Ukraine war.