Ukrainian dam destruction sends global prices of wheat, corn soaring
The destruction of Nova Kakhovka dam in southern Ukraine has sent global prices of corn and wheat soaring, stoking fears about more disruptions in the global supply chain.
SpaceX's Starlink awarded Pentagon contract for supplying satellites to Ukraine
The Pentagon awarded SpaceX's Starlink a contract that will allow it to buy satellites for Ukraine, which has used Starlink since Russia's invasion to maintain lines of communication.
Michelin sells Russian division, exits country amid war
French tire manufacturer Michelin has sold off its assets and business operations in Russia to Power International Tires, officially exiting the market.
Ukrainian nuclear plant in Russia-occupied region cut off from external power supply
The Zaporizhzhia Nuclear Power Station in southern Ukraine was cut off from its external power supply, prompting international concern of a potential meltdown.
Chinese Envoy to visit Ukraine on a 'peace mission'
Fox News Senior Strategic Analyst Gen. Jack Keane (Ret.) discusses China's effort to broker a peace deal between Russia and Ukraine and why he doubts the CCP's ability to do so.
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.
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.
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.
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.
Yellen warns China of 'serious consequences' in helping Russia skirt US sanctions
China would face serious repercussions if helped China evade a slew of Western sanctions, Treasury Secretary Janet Yellen said ahead of a G20 meeting.