Ukraine Financial News

Brics (Brazil, Russia, India, China, and South Africa) nations on Thursday called for comprehensive reforms of the United Nations (UN) and advocated the inclusion of India, South Africa and Brazil in its Security Council (UNSC). At the last Brics Summit in Johannesburg, United Nations Secretary-General Antonio Guterres had supported such a move, warning that without such reforms, fragmentation of the UN body would be inevitable. The ministers recalled their national positions concerning the conflict in and around Ukraine as expressed at the appropriate fora, including the UN Security Council and General Assembly, and noted with appreciation relevant proposals of mediation and good offices aimed at peaceful resolution of the conflict through dialogue and diplomacy," the statement said. On the implementation of the 2030 Agenda for Sustainable Development, the nations’ further reaffirmed the call for donor countries to honour their Official Development Assistance (ODA) to developing countries, in line with the national policy objectives of recipients. The ministers announced the nations are exploring the establishment of an effective global governance framework with the aim to protect human rights and spur innovation and economic growth. The nations also called upon advanced economies to operationalise the fund on Loss and Damage at the upcoming COP28 environmental meet in Dubai. The fund was touted as a historic breakthrough in negotiations at last year's COP27 meet, and aims to provide financial assistance to nations most vulnerable and impacted by the effects of climate change. But differences have since erupted over which nations can access it, with reports that India may not be able to benefit from it. The ministers

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

Turkey's central bank has raised its key interest rate by 5 percentage points to 30%

Read more of our recent coverage of the Ukraine war As he headed to NATO’s gathering in Vilnius, a tetchy Volodymyr Zelensky called it “unprecedented and absurd" that Ukraine was apparently not being given a clear promise of speedy membership of the alliance. If that was meant as a last-ditch attempt to twist arms, it failed. The final communiqué, as he feared, refers to a need for conditions to be met and for allies to agree, even as it avoids dates and timelines.

Ukraine, President Joe Biden has announced as he hosted his Ukrainian counterpart Volodymyr Zelenskyy at the White House and vowed to defend the war-struck country from Russian aggression. The White House meeting on Thursday was the sixth in-person meeting between the two leaders. «Mr.

UN Security Council resolutions that ban any weapons trade with North Korea. Russia, a permanent member of the UN Security Council, voted for those UN resolutions.

Biden assured Ukrainian President Volodymyr Zelenskiy on Thursday that strong U.S. support for his war to repel Russian invaders will be maintained despite opposition from some Republican lawmakers to sending billions more in aid. Biden and Zelenskiy held a war council in the White House East Room as part of a blizzard of appearances the Ukraine leader made looking to bolster U.S.

Drivers are starting to feel the pain at the pump again as oil moves closer to $100 a barrel. Supply cuts from Saudi Arabia and Russia could push global oil prices higher still. But China, the world’s top crude importer, will have a say too.

By Rodrigo Campos

King Charles III has made an emotional stop in front of Paris' fire-damaged Notre Dame cathedral on the second day of his state visit to France

The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises

Turkey's central bank has raised its key interest rate by 5 percentage points to 30%

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”

WASHINGTON (Reuters) — President Joe Biden will announce a new military aid package for Ukraine on Thursday that will include air defense systems and other weaponry to help Kyiv ahead of a tough winter, White House national security adviser Jake Sullivan said.

(Reuters) — The United Arab Emirates is considering introducing export licenses for a list of items including chips and other components sanctioned by the U.S. and European Union and used by Russia's military in Ukraine, Bloomberg News reported on Thursday, citing people familiar with the matter.

By William Schomberg, Andy Bruce and Suban Abdulla

By Anna Pruchnicka

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation. 

Ukraine and Taiwan for headlines, but it could soon prove as dangerous as either. Its nuclear-weapons programme has put its regime in a position to dash for a bomb. Because full-blown negotiations are impossible, the threat could yet draw the Middle East into war—including through American strikes on Iranian nuclear facilities.

TAIPEI (Reuters) -Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand though predicted better growth next year, while it kept rates on hold on Thursday as inflationary pressures cool.