Russia Financial News
17.07 / 10:43
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exits
Russia exits UN-brokered deal for export of Ukrainian grain - What does this mean for global food economy?
food crisis amid the Ukraine-Russia war hit a stumbling block on Monday as Moscow backed out of a UN-brokered deal. Kremlin spokesman Dmitry Peskov told reporters on a conference call that the Black Sea agreements which allowed export of Ukrainian grain had ‘ceased to be valid today’. The development came mere hours after it accused Ukraine attacking the Crimean Bridge.
17.07 / 10:13
What the emerging global order looks like | Mint Explains | Mint
The video focuses on how in a rapidly changing wor... moreThe video focuses on how in a rapidly changing world, a new global order is emerging.
17.07 / 08:33
17.07 / 07:49
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Indian
How to plan your investments when Indian equities are more attractive than global peers
The Indian stock market has been one of the best-performing markets in the world over the last 3 months. Over the last 1 year, 3 year, and 5 years, the Nifty 50 has delivered a CAGR of 21.6%, 23%, and 12.4%, respectively. This strong performance has been driven by the confluence of a number of factors.
17.07 / 06:53
India's steel imports surge in June 2023, China and Vietnam dominate share
steel imports of India in June '23 as compared to June 22...," it said. In June 2022, China constituted 26.1% of India's steel imports, while Vietnam's share was 1%.
17.07 / 06:53
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two dead
Russia's key supply line to Ukraine- Crimea Bridge damaged in blasts, two dead. Details here
Also read: NATO summit seeks agreement on Ukraine after Turkey supports Sweden's bid The RBC-Ukraine news agency reported that explosions were heard on the bridge. Russia's Grey Zone channel, a heavily followed Telegram channel affiliated with the Wagner mercenary group, reported that there were two strikes on the bridge at 03:04 a.m. (0004 GMT) and 03:20 a.m.
17.07 / 05:47
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Berlin aims to have "best equipped" NATO army division in Europe in 2025
Germany is confident it will have the best equipped army division amongst European NATO allies in 2025, Army Chief Alfons Mais told Reuters, as countries are scrambling to gear up their troops in the wake of Russia's invasion of Ukraine. At the moment, Berlin does not have a single combat-ready division, a military unit comprising more than 20,000 troops. It aims to have the first of three divisions operational by 2025, with the second to follow in 2027.
17.07 / 04:01
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148 million children suffer from stunted growth & malnutrition : UN Report
Five U.N. agencies said in the 2023 State of Food Security and Nutrition report that while global hunger numbers stalled between 2021 and 2022 many places are facing deepening food crises.
17.07 / 03:39
17.07 / 02:51
UPS
Danone
Russia seizes shares of Danone and Carlsberg subsidiaries: Decree
Russia took control of shares belonging to French agribusiness Danone and Danish brewer Carlsberg, according to a decree published on Sunday. The decree signed by President Vladimir Putin says the Russian state would «temporarily» manage shares belonging to Danone Russia and to Baltika, which is owned by Carlsberg. Danone said it was investigating the situation and «preparing to take all necessary measures to protect its rights as shareholder of Danone Russia, and the continuity of the operations of the business in the interest of all stakeholders, in particular its employees».
17.07 / 02:51
Boeing
Shell
Oil slips after Libya resumes output, China data eyed
Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%.
16.07 / 21:49
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WNBA All-Star Game: Brittney Griner shines in her comeback; Jewell Loyd sets scoring record
Brittney Griner, a prominent player for the Phoenix Mercury, showcased her skills in the WNBA All-Star Game on Saturday, July 15. This marked her first appearance since her release from a Russian penal colony in December of the previous year. During the game held in Las Vegas, Griner, a nine-time WNBA All-Star, displayed her prowess by contributing 18 points to her team's success.
16.07 / 20:25
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Chase
Lawsuit embroils IAG over Gupta’s Liberty Steel ‘$3b debt’
IAG allegedly agreed to insure billions of dollars in debts at Sanjeev Gupta’s steel companies despite increasing public concerns about his conglomerate’s rapid growth.
16.07 / 19:09
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View: Worldly adventures Of the global rupee
United Arab Emirates (UAE) to trade in local currencies is the second big step towards internationalising the rupee. Russia last year agreed to sell crude oil to India in rupees after the West imposed sanctions on settlement in dollars. India is beginning at the top with the UAE, its third-largest trading partner after the US and China.
16.07 / 11:25
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Russian President Vladimir Putin says Ukraine's counteroffensive 'not successful'
Vladimir Putin said Kyiv's counteroffensive, launched last month to push back Moscow's forces, was failing.Ukraine began its highly anticipated fightback after stockpiling Western weapons and building up its offensive forces. «All enemy attempts to break through our defences… they have not succeeded since the offensive began.
16.07 / 10:05
COST
UK defence minister to quit at next reshuffle, step down as MP
UK Defence Secretary Ben Wallace said on Sunday that he will step down from the Cabinet at the next reshuffle, expected in a few months' time, after serving four years in the job. The 53-year-old Conservative Party member of Parliament since 2005 also told 'The Sunday Times' that he will not stand as an MP at the next general election, expected next year. Wallace has served as defence minister under three British prime ministers — Boris Johnson, Liz Truss and Rishi Sunak — and has played a high-profile role in the UK's response to the Russia-Ukraine war conflict. «I went into politics in the Scottish parliament in 1999. That's 24 years. I've spent well over seven years with three phones by my bed,» Wallace told the newspaper. «While I am proud to have worked with so many amazing people and helped contribute to protecting this great country, the cost of putting that ahead of my family is something I am very sad about,» he said. The minister is believed to have informed Prime Minister Sunak of his decision to stand down from the Cabinet last month.
16.07 / 10:05
Target
China, Vietnam's share in India's steel import basket rises during June 2023, says Official data
China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data. At 4.84 lakh metric tonne (LMT), India's overall steel import registered a 5.9 per cent increase on a month-on-month (m-o-m) basis and 7.6 per cent over June 2022, the Ministry of Steel said. «Share of China, Japan, Vietnam, Saudi Arabia, Russia, Nepal and the USA increased in total steel imports of India in June '23 as compared to June 22,» it said. In June 2022, the import from China was 26.1 per cent and Vietnam was 1 per cent. However, in June 2023, the import from China contributed 37.1 per cent and Vietnam's share was 4.8 per cent in India's steel import basket. The development assumes significance as India has set an ambitious target to increase its steel making capacity to 300 million tonnes and Indian players eyeing for a significant share in the global steel markets.
16.07 / 08:57
NOT
An enlarged Nato does not enhance its appeal
On 8 July, Ukraine marked its 500th day of holding out against Russia, whose openly revanchist bid to keep Kyiv aligned—and Black Sea access secure—was foiled with such hardy resolve that the war-torn country’s will to embrace the West was left in little doubt. Relations between the two ex-Soviet republics had snapped chiefly over Kyiv’s interest in joining the US-led North Atlantic Treaty Organization (Nato), a mutual defence pact whose nuclear umbrella covers most of the rich West. Russia’s invasion of Ukraine pushed its Nordic neighbours Sweden and Finland to seek the same security.
16.07 / 08:57
16.07 / 07:43
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IBM
Explainer
Mint explainer: AI's role in powering space missions like Chandrayaan-3
NEW DELHI : Indians were over the Moon with the launch of Chandrayaan-3 by the Indian Space Research Organisation (ISRO) on Friday. Since Chandrayaan-2 failed about four years ago, scientists are hopeful that this third lunar mission's lander Vikram and rover Pragyaan will descend softly and safely on the Moon on 23 August.
16.07 / 07:27
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Russia says prevents Ukraine "terrorist" attack on Crimea's Sevastopol
Ukraine from attacking the Black Sea port of Sevastopol on Sunday, destroying seven aerial and two underwater drones. «This morning, an attempt by the Kyiv regime to carry out a terrorist attack by seven unmanned aerial vehicles and two unmanned underwater vehicles on objects on the territory of the Crimean Peninsula near the city of Sevastopol was thwarted,» the ministry said on the Telegram messaging app.
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