Ukraine Financial News

Rishi Sunak is very much looking forward to attending the G20 Summit in New Delhi in September, UK High Commissioner in India Alex Ellis has said. Interacting with PTI on Friday on the sidelines of a preview of an art exhibition here, Ellis said he thought it was «great» that India is in the chair of the G20. India assumed the G20 presidency on December 1, 2022.

Russia is launching its electronic visa (e-visa) facilities for Indian passport holders from August 1. The e-visa will be processed in a maximum of four days and a $40 consular fee will be charged for the facility.

United Nations has been forced to cut food, cash payments and assistance to millions of people in many countries because of «a crippling funding crisis» that has seen its donations plummet by about half as acute hunger is hitting record levels, a top official said Friday. Carl Skau, deputy executive director of the World Food Program, told a news conference that at least 38 of the 86 countries where WFP operates have already seen cuts or plan to cut assistance soon — including Afghanistan, Syria, Yemen and West Africa.

India and Japan are exploring collaboration in critical and emerging technologies, including semiconductors and resilient supply chains, as part of a target $35.9 billion Japanese investment in the country by 2027

LONDON—The Bank of England has named Ben Bernanke, a former chair of the Federal Reserve, to review its economic forecasting record, one of the first steps taken by a leading central bank to understand why they underestimated a surge in prices that began more than two years ago and dented living standards. Consumer prices started to rise rapidly in early 2021 as economies around the world began to reopen after the Covid-19 pandemic. As demand for goods and services rebounded, supply chains were hampered by lockdowns that continued in key parts of the global economy through last year.

One reminder from the latest results from Exxon Mobil and Chevron is that the oil and gas business is highly cyclical. Another important takeaway: Their cash payouts aren’t. Exxon Mobil said Friday that net income was $7.9 billion in the second quarter, a 56% decline from a year earlier when both oil and natural-gas prices surged following Russia’s invasion of Ukraine.

Poland's lawmakers have voted to approve an amended but divisive law on Russian influences believed to be targeting the opposition and criticized by the U.S. and the European Union

The German economy is still failing to grow

Russian President Vladimir Putin is courting leaders from Africa at a summit, hailing the continent’s growing role in global affairs and offering to expand political and business ties

agricultural authorities report that nearly 250,000 ha of paddy fields in 14 districts of Punjab and 150,000 ha across seven districts of Haryana are inundated. If conditions persist, excessive rainfall could potentially result in a reduced crop yield due to additional damage to the paddy fields. The Black Sea grain deal holds critical significance due to the enormous influence Russia and Ukraine exert on the global grain market, contributing over one-third of total exports.

Investing.com — ExxonMobil (NYSE:XOM) has reported lower-than-anticipated profit in the second quarter, as the largest U.S. oil major was hit by a decline in natural gas prices.

Vladimir Putin on Friday rejected suggestions that Russia's «special military operation» in Ukraine was responsible for high global food prices, saying Western «mistakes» in the form of monetary stimulus were at the root of the problem.Putin asserted at the Russia-Africa summit in St Petersburg that the United States and the European Union had printed money to buy food as a result of the COVID-19 pandemic, and that «prices skyrocketed». Putin appeared to be referring to the policy of «quantitative easing» to help major Western economies function under the social and economic disruption of the pandemic.

The Sandbox metaverse development platform announced on July 27 that it will be partnering with the British Museum to bring it into the metaverse. 

Yoshimasa Hayashi, also deliberated on enhancing cooperation in defence equipment and technology. The discussions took place as part of a two-day visit by Hayashi to the Indian capital, AP reported.

India and Japan explored collaborating in critical technologies, including semiconductors and resilient supply chains, as part of plans to reach a target of $35.9 billion Japanese investment in the country by 2027, officials said on Friday. Foreign Ministers of India and Japan, S. Jaishankar and Yoshimasa Hayashi, met in New Delhi on Thursday and also discussed ways to deepen defense equipment and technology cooperation.

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

United States. State media said Friday Kim attended Thursday evening’s parade with Russian Defense Minister Sergei Shoigu and Chinese ruling party official Li Hongzhong from a balcony looking over the city’s main square.

The European Central Bank has raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation

Shell has reported that it earned nearly $5.1 billion in the second quarter

Narendra Modi launched a scathing attack on the Opposition at Rajkot on Thursday, saying «at a time when so much of work is happening and the country is moving ahead, it is only natural that some people will have troubles». While inaugurating the Rajkot International Airport and projects worth over '860 cr, Modi took a dig at the Opposition and said «those who kept the people of the country ever longing, those who had nothing to do with the aspirations and desires of the people are a little extra angry today seeing the dreams of the people coming true.» Keeping up the attacks, Modi said: «The corrupt and dynasts have even changed the name of their gang. The faces are old, sins are old, ways are old, only the name of the gang has changed.

Eurozone has an increased inflation rate and the economy is going through a phase of weaker domestic demand, and dampening financial conditions, the European Central Bank (ECB) has increased its interest rate by 25 basis points. Consequently, the benchmark interest rate has gone to 3.75%. It was the consecutive ninth hike in the interest rate.