Ukraine Financial News

energy crisis for Europe, which is still reeling from extreme shocks two years ago. Escalating tensions in Ukraine have contributed to about a 45% surge gas prices this year. While levels are still far below 2022 records, they are high enough to risk deepening a cost-of-living crisis for households and intensifying competitive pressure on strapped manufacturers. Gas storage is a lifeline during the coldest periods but inventories this year are rapidly declining after frosty temperatures increased demand for heating and a wind drought required more usage for power generation.

Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption. Brent crude futures climbed 13 cents, or 0.2%, to $75.30 a barrel by 0115 GMT, while U.S. West Texas Intermediate crude futures were at $71.38 a barrel, up 14 cents, or 0.2%.

Subscribe to enjoy similar stories. Last week was an ordinary one made extraordinary by new readings of power tilts both at home and globally.

Volodymyr Zelenskyy said Ukraine needs to strengthen its air defences to protect people after its air defence units shot down 50 of 73 Russian drones launched overnight over many regions. «An air alert has been sounded almost daily across Ukraine this week,»Zelenskyy said on Telegram on Sunday. Over the past week Russia used more than 800 guided aerial bombs, about 460 attack drones, and more than 20 missiles of various types, Zelenskyy said.

US stock market indexes — S&P 500, Dow Jones Industrial Average, and Nasdaq composite — are likely to open in positive note on Monday. This comes after investors took assurance from data pointing to robust economic activity in the US. However, geopolitics will remain a key focused area in the final week of November as investors will closely follow the conflict between Ukraine and Russia, after Moscow lowered its threshold for a nuclear retaliation.

Ukraine's Donetsk region, their latest gain in what Defence Minister Andrei Belousov described as an accelerated advance.

The Swiss government says it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law

U.S. intelligence officials are warning American defense companies to increase their security after a wave of sabotage in Europe blamed on Russia

Subscribe to enjoy similar stories. Donald Trump wants oil companies to “drill, baby, drill" on the first day of his presidency, but his fossil-fuel benefactors have a different agenda. Many of the tycoons who backed the Republican’s victorious campaign say what they need help with is shoring up demand for their products—not pumping more fossil fuels, which they have little incentive to do.

The Kremlin fired a new intermediate-range ballistic missile at Ukraine on Thursday in response to Kyiv’s use this week of American and British missiles capable of striking deeper into Russia, President Vladimir Putin said.

Vladimir Putin by firing American and British long-range missiles into Russia. In response, Russia fired a nucelar-capable missile into Ukraine, the first such attack in the war. Russia blames the West for the recent escalation as the US and the UK have permitted Ukraine to fire their missiles into Russia, something Russia considers crossing of a red line. The US blames Russia for escalation. It says it allowed Ukraine to use its long-range ATACMS missiles because Russia has started fielding North Korean troops. No doubt, the war is escalating after several occurrings in rapid succession, including Putin lowering Russia's nuclear threshold. However, with Donald Trump set to take over as the President of the US after two months, the conflict is likely to resolve since he has said he would end the war.

Wall Street's main indexes had a subdued start on Friday as investors awaited a business activity survey and monitored geopolitical tensions between Ukraine and Russia. The Dow Jones Industrial Average rose 1.3 points at the open to 43,871.63.

Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast

Subscribe to enjoy similar stories. SEOUL—North Korean leader Kim Jong Un appeared to rebuff the prospect of reviving his nuclear diplomacy with President-elect Donald Trump, according to his first public remarks about disarmament talks since the election. North Korea’s state media reported Friday that the 40-year-old dictator called the U.S.

Donald Trump on Thursday named Pam Bondi, the former attorney general of Florida, to be U.S. attorney general just hours after his first choice, Matt Gaetz, withdrew his name.Bondi is a longtime Trump ally and was one of his lawyers during his first impeachment trial when he was accused — but not convicted — of abusing his power as he tried to condition U.S.

Asian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected

foreign portfolio outflows. The US dollar strengthened in the overseas market and Brent oil continued to move up as fighting between Ukraine and Russia continued to gain investors' attention. Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid.

Subscribe to enjoy similar stories. During his victory speech on election night, Donald Trump touched on most of the standard topics for such occasions. He thanked his supporters and his staff.

Dnipro: Russian President Vladimir Putin said Thursday that the conflict in Ukraine had characteristics of a «global» war and did not rule out strikes on Western countries. The Kremlin strongman spoke out after a day of frayed nerves, with Russia test-firing a new generation intermediate-range missile at Ukraine — which Putin hinted was capable of unleashing a nuclear payload. Ukraine's President Volodymyr Zelensky branded the strike a major ramping up of the «scale and brutality» of the war by a «crazy neighbour», while Kyiv's main backer, the United States, said that Russia was to blame for escalating the conflict «at every turn».

Pam Bondi, the former attorney general of Florida, to be US attorney general just hours after his other choice, Matt Gaetz, withdrew his name. Bondi is a longtime Trump ally and was one of his lawyers during his first impeachment trial when he was accused — but not convicted — of abusing his power as he tried to condition US military assistance to Ukraine on that country investigating then-former Vice President Joe Biden. She has been a chair at the America First Policy Institute, a think tank set up by former Trump administration staffers. Bondi is from Tampa and spent more than 18 years as a prosecutor. She was Florida's first female attorney general.

Donald Trump tapped Pam Bondi, a staunch ally who helped defend the ex-leader against impeachment, as US attorney general on Thursday following firebrand Matt Gaetz's withdrawal from the running. Gaetz's retreat amid sexual misconduct allegations signaled limits to Trump's power, even as the president-elect prepares to retake the White House with his Republican Party also in control of both chambers of Congress. The nomination of Bondi, a former Florida attorney general who served as a surrogate during the 2024 campaign and pushed to de-legitimize vote counting in swing state Pennsylvania in 2020, could be seen as a useful tool for Trump in his attempt to settle personal grievances.