Ukraine Financial News

₹83.13-83.18 to the US dollar. But this must be seen in a broader perspective. In 2022, the rupee saw an 11% slide, plunging from ₹74.21 to ₹82.61 by year's end – the most significant drop since 2013.

deny Russia a victory but avoid a direct war between it and NATO. Ukraine wants more, and applied to join the NATO alliance in September 2022. It will be denied for now.

Ukraine killed at least two people, started fires and wounded at least 21. The attack carried out on the International Day of Peace coincided with the United Nations General Assembly summit in New York, where Ukrainian President Volodymyr Zelensky delivered a speech and presented a Ukrainian “peace formula.” The missile attack was Russia’s largest since August 15 and came a day after reports of sabotage at a Russian military airfield in Chkalovsk near Moscow. In the southern city of Kherson, near the front lines, two people were killed in Thursday's attacks and at least five injured after a strike hit a residential building, said regional Governor Oleksand Prokudin. Seven people were injured in Kyiv, including a 9-year-old girl, reported Mayor Vitalii Klitschko, and some residential and commercial buildings were damaged. At least six strikes hit the Slobidskyi district of Kharkiv, damaging civilian infrastructure, said regional Governor Oleh Syniehubov.

By Richard Cowan

These rankings cover 12 categories, notably introducing the category of 'International student diversity,' a measure that goes beyond simply assessing the proportion of international students, taking into account the number of nationalities they represent, providing a more accurate reflection of diversity. The United Kingdom led the pack, with the most represented universities on this list, accounting for 15.5% of the institutions, followed by Türkiye at 10.6%, Germany at 7.8%, Italy at 7.5%, France at 7.2%, Spain at 6.4%, Poland at 4.8%, and Ukraine at 4.8%. 106 European universities that have not previously been ranked have been added this year, signaling the evolving landscape of higher education. These institutions hail from North Macedonia, Moldova, Montenegro, and Albania. Topping the charts in the QS World University Rankings: Europe 2024 is the University of Oxford, leading seven UK institutions in the top 10. Alongside the University of Oxford, the University of Cambridge and Imperial College London have secured a perfect score of 100 points in categories such as 'Academic reputation,' 'Employer reputation,' and 'International Research Network.' This underscores the UK's robust higher education system, renowned for its exceptional teaching and research standards. Additionally, some universities within the top 10 have over 10% of their student population from international backgrounds, highlighting the UK's appeal to global students.

Jamie Dimon said the Federal Reserve may have to keep increasing its benchmark interest rate in the coming months to combat persistent inflation. The central bank was “a day late and a dollar short” in beginning to raise rates and the rapid increases over the last 18 months were just “catching up,” Dimon said Wednesday at an event hosted by the Detroit Economic Club. Dimon spoke just before the Fed published its decision to leave rates unchanged, though officials signaled that borrowing costs will likely stay higher for longer after one more hike this year. “Odds are higher that they will have to go higher than they are today,” Dimon said. “I’m talking about four months from now, six months from now — that inflation will be at 4% and it won’t be coming down for a whole bunch of reasons.” The central bank has spent much of the last 18 months fighting historic levels of inflation, which has decelerated in recent months.

UN Security Council meeting on Moscow's invasion of his country when Russian Ambassador Vassily Nebenzia objected to him taking the floor at the start of the meeting, according to Reuters reports. Albanian Prime Minister Edi Rama responded with a gibe at Moscow, which has long said the invasion does not amount to war but was a mere "special military operation". "I want to assure our Russian colleagues and everyone here that this is not a special operation by the Albanian presidency," Rama, known for a piercing sense of humor, said to muted laughter across the room, Reuters reported.

By Daphne Psaledakis and Humeyra Pamuk

By Svea Herbst-Bayliss and Lananh Nguyen

A dispute about whether Ukrainian grain should be allowed to enter the domestic markets of Poland and other European Union countries has pushed the tight relationship between Kyiv and Warsaw to its lowest point since Russia invaded Ukraine last year

The Bill & Melinda Gates Foundation pledged $200 million to help save the lives of mothers and children during childbirth

NEW DELHI : Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia. Asian premium is an extra amount levied by the Organization of the Petroleum Exporting Countries (Opec) from Asian countries above the actual selling price. India has repeatedly pressed oil producers to eliminate this premium and even asked for an ‘Asian discount’ instead.

NEW DELHI : India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said. Commerce secretary Sunil Barthwal will chair a high-level meeting on Friday to potentially discuss India’s priorities at WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi in February and chalk out arguments explaining New Delhi’s stance on the issue. This comes as India, the largest rice exporter, imposed curbs on exports of the commodity after a rainfall deficit during the monsoon triggered food security concerns.

G20 summit reported fair progress on some of the most nettlesome challenges confronting the world economy, such as debt relief to low-income countries, restructuring multilateral funding agencies and securing finance commitments for climate change. G20 itself has become a more inclusive forum with the inclusion of the African Union (AU).

economic activity is seen supported by a rebound in tourism and healthy domestic demand. ‘’Domestic demand is continuing to support developing Asia’s growth.

A New York firm that managed billions of dollars for sanctioned Russian oligarch Roman Abramovich was sued by the Securities and Exchange Commission for not registering as an investment adviser.

Inflation in Britain fell unexpectedly in August to its lowest level since the start of Russia’s invasion of Ukraine, which led to sharp rises in energy and food costs

STOCKHOLM (Reuters) — Sweden's government promised tax cuts and more money for welfare, defence and the criminal justice system in its 2024 budget on Wednesday, but said spending had to be limited by the need to keep a lid on inflation.

King Charles III of the United Kingdom starts a three-day state visit to France meant to highlight with great pomp both nations’ friendship

Zelenskyy lashed out at Russia, accusing it of «weaponising» food and energy and attacking children during the war in Ukraine reported the New York Post. Zelenskyy framed Russia's war on his country as an attack on the «international order» and urged the world leaders to «act united to defeat the aggressor» «Let unity decide everything openly,» Zelenskyy said. «While Russia is pushing the world to the final war, Ukraine is doing everything to ensure that after Russian aggression no one in the world will dare to attack any nation.». «Weaponization must be restrained, war crimes must be punished, deported people must come back home and the occupier must return to their own land.

(Reuters) — Russia struck the Kremenchuk oil refinery in the central Poltava region of Ukraine in an overnight drone attack, causing a fire, Governor Dmytro Lunin said on Wednesday.