Ukrainian fashion brand in bombarded city picks up and flees
Just days ago, Artem Gorelov was trying to survive in one of the most brutal parts of Ukraine, the Russian-occupied Kyiv suburb of Bucha. Now he stands in a quiet room in the late afternoon sunlight, hand-making hats for a local fashion brand worn by Madonna and Ukraine’s first lady. Gorelov has joined Ukrainians' massive migration west to the city of Lviv, near Poland.
US unveils fresh sanctions on Russia targeting defense companies, hundreds of lawmakers
The United States on Thursday announced a raft of new financial sanctions on Russian lawmakers and defense companies, further ratcheting up financial pressure on Moscow over its invasion of Ukraine.
Lawmakers, Yellen mull freezing Russian gold reserves
A bipartisan group of senators is working with the Treasury Department to prevent Russia from liquidating its giant stash of gold, potentially blocking one of the Kremlin's last methods for circumventing punishing financial sanctions.
White House to meet with top oil, bank CEOs on Russian sanctions
Top Biden administration officials will meet on Monday with executives from banks, oil companies and other firms to discuss the impact from the Russia-Ukraine war and the ensuing sanctions from the U.S. and its European allies.
'Do the right thing': How US, allies united to punish Putin
International officials met in February to map out a strategy to financially cripple Russian President Vladimir Putin amid Russia's invasion of Ukraine, a strategy that sparked the global economic war against Putin.
White House pre-screened questions from TikTok influencers during special briefing last week, attendees say
When the White House invited TikTok stars for a briefing last week on Russia's invasion of Ukraine, the Biden administration pre-screened their questions, several attendees told FOX Business.
Russia claims it made a critical bond payment to avoid $117M debt default
Russia claimed on Thursday that it had fulfilled a critical interest rate payment on two dollar-denominated bonds, potentially avoiding a historic debt default.
Goldman says Ukraine-Russia war could trigger US economic recession
Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war.
As gas prices skyrocket, green energy groups see an opportunity for rapid change
As gas prices continue to soar and the U.S. public feels the heat on their budgets, green energy groups see an opportunity to accelerate popular support for a transition from fossil fuels.
Elon Musk challenge to duel Vladimir Putin takes bizarre turn when Chechen leader invites 'Elona' for training
Tech billionaire Elon Musk doubled down on his challenge to duel Vladimir Putin of Russia in “single combat” for the fate of Ukraine Tuesday while ribbing Chechen leader Ramzan Kadyrov, a Kremlin ally and fearsome militant who called the world's richest man “effeminate."
New York manufacturing activity slumps to lowest level since 2020
Manufacturing activity in New York state plunged in March for the first time since the early days of the COVID-19 pandemic as orders and shipments dropped and delivery times increased.
Biden's inflation blame game leans on shifting scapegoats
Biden has recently made a concerted effort to blame Russia's ongoing invasion of Ukraine as the main source of economic turmoil in the U.S., pointing to disrupted markets.
Energy conference leader pans Kerry's 2050 climate goals: 'Going to still be an energy mix'
Prolific energy author Daniel Yergin didn't name Special Presidential Climate Envoy John Kerry in an interview with FOX Business, but he criticized the former secretary of state's plans for cutting carbon emissions.
White House drafts TikTok stars to blame Putin for rising gas prices
The Biden administration tapped teenage TikTok influencers last week to coordinate messaging on Russia’s invasion of Ukraine and blame Vladimir Putin for rising gas prices, according to a recording of a call between White House officials and the social media stars.
Russia warns Western companies of arrests, asset seizures over government criticism
Russian prosecutors have issued stern warnings to Western businesses operating in Russia, threatening to arrest corporate leaders who criticize the Kremlin or to seize the assets of companies that pull out of the nation.
At global energy conference, leaders acknowledge fossil fuels not going away soon
The CERAWeek conference in Houston brought dignitaries from 87 countries to discuss the future of energy.
Murkowski says Biden needs to take firm action to increase energy production: 'Let's not just talk'
Sen. Lisa Murkowski, R-Alaska, said President Biden needs to take firm action to increase energy production in response to a question from FOX Business Friday.
Russia-Ukraine war shows world 'very dependent on carbon,' renewables 'not ready yet,' Rubenstein says
Carlyle Group co-chairman David Rubenstein told FOX Buiness that the major lesson of the Russia-Ukraine war for the energy industry is that carbon energy sources are here to stay.
Russia-Ukraine war may increase support for nuclear energy despite power plant scares, advocates say
Despite scares at Ukraine's nuclear power plants during Russia's invasion, advocates say the threat to international energy security may increase interest in nuclear energy.
White House omitted blame on Russia in previous tap into US strategic petroleum reserves
Biden questions if gas vendors are squeezing consumers for extra dollars at the pump amid soaring prices.