Ukraine Financial News

Lithuania has signed a deal with U.S. ammunition producer Northrop Grumman as it seeks to increase defense capabilities in the shadow of Russia’s war in Ukraine

Subscribe to enjoy similar stories. American Airlines Capt. Dan Carey knew his cockpit equipment was lying to him when an alert began blaring “pull up!" as his Boeing 777 passed over Pakistan in March—at an altitude of 32,000 feet, far above any terrain.

Subscribe to enjoy similar stories. Let’s call it Operation Chutzpah. If, as is widely believed, the Mossad detonated pagers and walkie-talkies used by Lebanese Hezbollah terrorists, killing dozens and wounding thousands, it will go down as an intelligence operation for the history books.

Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.

Deloitte South Asia CEO Romal Shetty has said. Shetty, who is the youngest chief executive of a Big Four accounting and consultancy firm in India, said inflation is reasonably under control, there has been a pick-up in rural demand and vehicle sales are improving. «We believe that we would be in the 7-7.1 per cent range in terms of the growth (this fiscal year). You have got the headwinds, the tailwinds… But the fact is, still India is in a better position, in spite of whatever is happening globally but we can't say we're decoupled from the world,» he said, adding that the geopolitical crisis in the Middle East and Ukraine and the slowdown in the western world will impact GDP growth. According to Deloitte projections, growth is likely to be 6.7 per cent in the next fiscal year (2025-26). The Indian economy grew 8.2 per cent in the previous fiscal year — 2023-24.

drone attack set multiple Russian arms depots ablaze, including one deep inside the country, as Ukrainian President Volodymyr Zelenskyy appealed for quick action from the United States to send more weapons ahead of his visit to the White House with a multi-point "victory plan." Ukraine launched over 100 drones at Russia and occupied Crimea overnight, Russian news reports and the Defense Ministry said Saturday. The strikes set an arms depot on fire that appeared to be in the same town as one struck by Ukrainian drones early Wednesday, injuring 13 people and also causing a huge blaze. Arms and ammunition depots were also hit in southwestern Russia, sparking speculation that missiles supplied to Moscow by North Korea may have been destroyed.

Subscribe to enjoy similar stories. PINGTUNG, Taiwan—Taiwan’s military recently set up live-fire exercises on this stretch of coastline facing China to show off half a dozen brand-new Humvee armored vehicles mounted with antitank missile launchers—part of its recent delivery of weapons from the U.S. But the missiles designed for use with the launchers didn’t arrive with the shipment.

KLW Wheelco has supplied 2,000 Ukrainian-make forged wheels to the Indian Railways in the past few weeks, said a senior Indian government official. This is the first such delivery from the war-torn nation since the Russia-Ukraine conflict started in early 2022. The development comes close on the heels of Prime Minister Narendra Modi's recent visit to Kyiv where he met with his counterpart, President Volodymyr Zelenskyy. «Another 3,500 forged wheels are on their way from Ukraine. Orders for 10,000 forged wheels worth ₹72 crore have been placed with the Swiss company earlier this year,» the official told ET. These wheels are being manufactured in Dnipro (Ukraine) by Interpipe Group, a global producer of steel pipes and railway wheels. The wheels are for Bogie Open Wagon with Air Brakes (BOXN wagons), which are largely used for carrying goods such as coal, and are being loaded from an Ukrainian port in the Black Sea.

Kyiv: The European Union (EU) pledged on Friday to lend Ukraine up to ₹35 billion ($39 billion) as part of a loan package organised by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia's frozen central bank assets would be used as collateral, but progress in distributing the loans has been slow. «We should make Russia pay for the destruction it caused,» European Commission President Ursula von der Leyen told reporters at a news conference in Kyiv with President Vlodymyr Zelenskyy in Kyiv. Von der Leyen said that the EU has already provided Ukraine with more than ₹118 billion euros ($132 billion) in military and economic assistance since the war began in February 2022, «but Russia's relentless attacks mean further support is necessary.»

Russia legalised so-called «grey» or «parallel» imports to allow goods to enter the country without the brands' permission after Western companies such as iPhone maker Apple imposed export bans in 2022 in response to the war in Ukraine. Lyudmila Semushina, a spokesperson for electronics retailer restore:, said the iPhones going on sale this month had arrived in Russia from «all over», without naming specific countries.

Indian power companies are being hampered by its inability to access the dollars it requires to pay them, documents showed and sources familiar with the matter said. The country has been struggling to pay its bills due to costly fuel and goods imports since the 2022 war in Ukraine, while political turmoil which led to the ouster of Prime Minister Sheikh Hasina in August has added to its troubles. Bangladesh is urgently seeking $5 billion in financial aid from international lenders to stabilise its dwindling foreign exchange reserves and its central bank has raised key interest rates to tame soaring inflation. Last year, it sought a $4.7 billion bailout from the International Monetary Fund.

its enemy Russia can spy on both messages and users, a top security body said on Friday. The National Security and Defence Council announced the restrictions after Kyrylo Budanov, head of Ukraine's GUR military intelligence agency, presented the Council with evidence of Russian special services' ability to snoop on the platform, it said in a statement. But Andriy Kovalenko, head of the security council's centre on countering disinformation, posted on Telegram that the restrictions apply only to official devices, not personal phones.

The European Union is ready to lend Ukraine up to $39 billion as part of a loan package organized by the Group of Seven major industrial nations

European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine with the promise of 160 million euros in fresh energy funds to get the nation through the winter

India on Thursday described as «inaccurate» a media report that said artillery shells sold by Indian arms manufacturers have been diverted by European customers to Ukraine and New Delhi has not intervened to stop it. «We have seen the Reuters report. It is speculative and misleading. It implies violations by India, where none exist and hence, is inaccurate and mischievous,» Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said. He said India has an «impeccable» track record of compliance with international obligations on the export of military and dual-use items. «India has been carrying out its defence exports taking into account its international obligations on non-proliferation and based on its own robust legal and regulatory framework, which includes a holistic assessment of relevant criteria, including end-user obligations and certifications,» Jaiswal said.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

UN General Assembly on a resolution that demanded that Israel bring an end, «without delay», to its unlawful presence in the Occupied Palestinian Territory within 12 months. The 193-member General Assembly adopted the resolution, with 124 nations voting in favour, 14 against and 43 abstentions, including that by India. Those abstaining included Australia, Canada, Germany, Italy, Nepal, Ukraine and the United Kingdom.

Subscribe to enjoy similar stories. Ryan Wesley Routh, the man arrested in Florida in connection with an apparent attempt to shoot Donald Trump, counted among his international projects a proposed “foreign legion" to help defend Taiwan against a potential assault from China. The Taiwan plan echoed Routh’s self-professed efforts to support the defense of Ukraine, in what he described in his LinkedIn profile as a mission to dedicate himself to “any monumental worthy cause to bring about real change in our world." There is no indication that Routh’s Taiwan ambitions ever materialized.

Inflation in the U.K. held steady at an annual rate of 2.2% in August with higher air fares offset by lower fuel costs and restaurant and hotel bills

Subscribe to enjoy similar stories. It is a good thing that the government is thinking of giving a big boost to indigenous production of unmanned aerial vehicles, or drones, to fill Indian skies with hundreds of thousands of these flying objects.

U.S. presidential candidate Donald Trump was seen as a liability by some soldiers and volunteers in Ukraine, where he offered to recruit Afghans into the Ukrainian military, a former soldier told Reuters on Tuesday. Ryan Routh, 58, who was arrested about 40 minutes after the incident on Sunday at one of the former president's Florida golf courses, publicly backed Ukraine and spent time in Kyiv after Russia launched its invasion in 2022. «He was delusional… he had this idea that he was the only one who knew how to help Ukraine,» Evelyn Aschenbrenner, a former soldier in Ukraine's International Legion, told Reuters via Zoom from Lviv.