Ukraine Financial News

Russia was battling a major cross-border incursion from Ukraine for a second day on Wednesday, with authorities evacuating several thousand civilians due to fighting, officials said. The incursion began on Tuesday morning, with the Russian defence ministry announcing it had deployed air and artillery firepower to try to quash Ukrainian troops breaking into the Kursk border region. «The operation for the destruction of Ukrainian army units is continuing,» the defence ministry said on social media Wednesday.

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

Hema Malini on Wednesday expressed surprise and disappointment at Vinesh Phogat’s disqualification from the Paris Olympics for being 100 grams overweight. «It is very surprising, and it feels strange that she was disqualified for being 100 gm overweight. It is important to keep the weight in check. It is a lesson for all of us. I wish she could lose that 100 gm quickly, but she would not get an opportunity,» Malini said.

Vinesh Phogat was disqualified on Wednesday from the 50kg freestyle wrestling for being overweight by a few grams, after she qualified for gold medal bout. Vinesh Phogat had beat World No.1 and Tokyo 2020 champion Yui Susaki of Japan to qualify for quarterfinals. Later in the quarter-finals, Vinesh took on Ukraine's Oksana Livach and beat her by 7-5 to secure a semi-final berth. In the penultimate bout she went on to beat Cuba's Yusneylis Guzman Lopez to secure a medal and become the first Indian woman wrestler to reach the final at the Olympics.

Bangladesh operations said they are stalling field operations and keeping offices shut in the neighbouring country to ensure safety of employees and are closely monitoring the geopolitical crisis there. Coca-Cola, Hindustan Unilever, Nestle, PepsiCo, Marico and Dabur are among the companies taking immediate steps including sending out advisories to employees to stay indoors and not report to work at office a day after violent protests forced prime minister Sheikh Hasina to resign and flee to India, executives said. Some are even shutting sales operations until normalisation resumes.

polished diamonds in international markets due to recession. As per Kiran Gems company website, it is the 'world's largest manufacturer of natural diamonds. «We have announced a 10-day vacation for our 50,000 employees. Though we will deduct some amount, all employees will be paid a salary for this period. We are forced to announce this vacation because of the recession. I am tired of this recession now,» Kiran Gems chairman Vallabhbhai Lakhani told PTI. He underlined the short supply of rough diamonds and the lack of sufficient demand for polished diamonds exported by the company.

«I do not think that is the only thing that is going on. Though, I think what has happened here is the market was extremely buoyant and arguably priced for something approaching perfection when it got a bit of a wake-up call that the economy was slowing down from last Friday's non-farm payrolls number in the US,» says Arnab Das, Global Macro Strategist-EMEA, Invesco. So, you heard what Jim Rogers, the commodity guru, has had to say, and he says this has been long overdue and these kind of conditions are brought on by a lot of leverage across markets around the world. Do you agree? Do you think that the kind of factors that influence the markets are going to take them down even further? Arnab Das: Well, I think it is certainly a risk. I think there has been a big build-up in public sector leverage in the US and many other countries, particularly in the West, as a result of the pandemic and to some extent, the war in Ukraine. And I think that has been a factor in keeping growth so high and in generating a boom in investment, construction, manufacturing renaissance of sorts in the US. I do not think that is the only thing that is going on.

RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to a neutral stance in the next quarter that coincides with the country’s traditionally busy economic season. An ET poll consisting of 12 respondents unanimously predicted the RBI’s Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its three-day meeting on August 8. This would mark the ninth consecutive bi-monthly meeting in which the rate-setting panel could maintaine a status quo on rates. The repo rate is the rate at which the RBI lends to banks.

Fitch Ratings noted that elevated interest rates in the US since 2023 have begun to show some effect on the labour market and demand. Adding to worries, the global rating agency said politics remains an area of high uncertainty, with geopolitical risks here to stay. The rating agency noted that signs of a slowdown in the US are evident in weak credit growth and slowing consumer spending. This trend is expected to continue in the second half of 2024, with real GDP growth decelerating, though likely remaining above recession territory.

Ukraine on Sunday announced the mandatory evacuation of children and their guardians from areas in the Donetsk region, where Russia has been claiming advances. Just hours earlier, Russia said its forces had seized a nearby village, after claiming a string of villages in recent weeks — many just consisting of a few streets. «The enemy is bombing the towns and villages of these communities every day, so it was decided to evacuate children with their parents or other legal representatives,» Donetsk governor Vadym Filashkin said, listing the towns and villages to be evacuated.

Venezuela protests, Ukrainian President Volodymyr Zelenskyy has expressed concern about the presence of Russian mercenaries from the Wagner group, adding that this was an example of Russia's shameless meddling in other countries' affairs. Protests erupted in the Venezuelan capital the day after President Nicolas Maduro declared victory in the election. The opposition denied Maduro's statement as fraudulent, saying that after reviewing 73.2 per cent of the vote count, their candidate Edmundo Gonzalez won convincingly, the local media outlet reported. In a post on X, Zelenskyy stated, «Worrying reports of Russian Wagner mercenaries being spotted in Venezuela alongside government forces. Wherever these thugs go, they bring death and destabilization.»

drone attack overnight damaged critical infrastructure in the central Ukrainian region of Vinnytsia, a local official said on Saturday. The Ukrainian air force said it shot down 24 out of 29 Shahed-type drones launched by Russia in the overnight attack over nine regions. Russian forces also launched two S-300 anti-aircraft guided missiles and two Kh-31 missiles, the air force said. Kherson regional governor Oleksander Prokudin said air defence shot down five drones over his region on Saturday. Russian attacks on the region in the past day struck critical infrastructure, an administrative building and nine residential homes, he said.

track on which Olympic athletics champions are crowned in Paris is a vibrant purple — and athletes so far seem pretty pleased with it. «The entire thing just kind of radiates light,» said Thea LaFond, who will chase the first ever Olympic medal for Dominica when she competes in the triple jump final later on Saturday. «It's probably really girly to be like, ah I think it's so cute, but I do — a purple track, how, like, fabulous!»

Kyiv has stepped up aerial attacks on Russian territory, saying it carries out the strikes in retaliation for the bombardments Ukraine has faced since Russia invaded more than two years ago. «Last night, drones from Ukraine's Security Service visited the Morozovsk airfield in the Rostov region» that stored aircraft and guided aerial bombs, the source said.

prisoner swap with Russia was «not an easy decision» and called on Russia and Belarus to free all political detainees. Russian citizen Vadim Krasikov was jailed for assassinating a former Chechen rebel commander in Berlin in 2019. German government spokesman Steffen Hebestreit said the decision to send him back to Russia had been informed by Berlin's duty towards German citizens and solidarity with the United States.

China will ban the export of all unregulated civilian drones that can be used for military purposes or in terrorist activities and restrict certain drone features

Pavel Durov, who founded the social media companies Telegram and VK, has disclosed that he is the father of more than 100 children worldwide. His inventive contributions to Russian social media have helped him earn a wealth of £13.6 billion. In a Telegram post, Durov revealed that he became a prolific sperm donor, helping over 100 couples in 12 countries conceive while being single and living alone, as per the reports of The U.S. Sun.

Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage ...

Ukraine. I'm grateful for that.

Russian lawmakers passed a bill on Tuesday, July 30 allowing businesses to use cryptocurrencies in international trade, a move aimed at circumventing Western sanctions imposed following Russia’s invasion of Ukraine.