Ukraine Financial News

Russia’s crypto mining capacity could grow by a further 6.9 gigawatts (GW), the nation’s grid operator has claimed.

Ukraine war: Russia's air defence systems destroyed 36 drones that Ukraine launched overnight targeting several regions in Russia's southwest, the Russian defence ministry said on Sunday.

India's goods and services exports are expected to cross USD 800 billion this fiscal despite global challenges, Commerce and Industry Minister Piyush Goyal said on Saturday. In 2023-24, the shipments stood at USD 778.2 billion (goods USD 437.1 billion and services USD 341 billion).

In 2019, Boris Johnson rode to a big election win on a promise to “Get Brexit Done" and finally strike a deal with the European Union for Britain’s departure. Next week, the Conservative Party that delivered Brexit goes to the polls again, this time facing a deficit of more than 20 percentage points and almost certain defeat by the opposition Labour Party. The only question, it seems, is the scale of the wipeout for the hapless Rishi Sunak and his Tories.

fertiliser demand is just now starting to stabilise from seismic shocks of the past few years that left the company with wild profit swings. “We’re getting back at least to a market that we would call stable,” Nutrien Ltd. Chief Executive Officer Ken Seitz said Wednesday in an interview at Bloomberg’s headquarters in New York. Black Swan-like events — unanticipated calamities that pull markets into a tailspin — upended the typical cycles of the market, the CEO said. Russia’s 2022 invasion of Ukraine disrupted global fertiliser shipments and pushed prices — and Nutrien earnings — to record heights. But as farmers and retailers balked at the sticker shock, demand tumbled.

Panamanian court has acquitted 28 people charged with money-laundering under cases linked to the Panama Papers and "Operation Car Wash" scandals, the country's judicial branch said in a statement on Friday. It did not provide names of the people who were acquitted. Judge Baloisa Marquinez ordered that precautionary measures be lifted against all the defendants, and said one criminal process was now canceled due to the death of an unnamed defendant.

troops may be moved to the warfront in Ukraine. This follows the visit of Russian President Vladimir Putin to North Korea. The two sides had signed numerous agreements with a focus on defense cooperation. It is still unclear if North Korean troops will be a part of any combat mission and also there is no clarity on the number of troops who will be moving to Ukraine. Reuters has reported that both the US and Ukraine have taken cognizance of this possibility and are working towards tackling the issue.

European stocks are cheap relative to US equities from a valuation perspective. And they got even cheaper recently, dipping after French President Emmanuel Macron called for a snap election amid the rise of the National Rally party’s Marine Le Pen.

Vladimir Putin said Friday that Russia should start producing short and intermediate-range missiles that were previously banned under a now-defunct arms treaty with the United States. Putin was referring to missiles with a range of 500 to 5,500 kilometres (300-3,400 miles) that were banned under the Cold War-era Intermediate-Range Nuclear Forces (INF) Treaty. Washington withdrew from the deal in 2019, citing Russia's failure to comply. The Kremlin said at the time that it would abide by a moratorium on production if the US did not deploy missiles within striking distance of Russia.

Candidates in France are making their last campaign pushes for the first round of voting in a pivotal and polarizing legislative election

It almost didn't seem to matter that CNN's Dana Bash and Jake Tapper were on stage for the much-awaited presidential debate between Joe Biden and Donald Trump

Britain's economy grew 0.7% in the first three months of this year compared with the previous quarter, above an initial estimate of 0.6% growth, official figures showed on Friday. The figures come less than a week before Britons vote in an election which opinion polls suggest will see Labour Party leader Keir Starmer replace Conservative Prime Minister Rishi Sunak.

European Union on Thursday, disbursed Euro 1.9 billion for Ukraine amid its ongoing conflict with Russia. European Union President Ursula von der Leyen, said that the fund under the Ukraine Facility is aimed to keep the Ukrainian state running as they «fight for freedom.»

Donald Trump laid the blame for the Ukraine war at US President Joe Biden's feet Thursday, insisting that the invasion never would have happened «if we had a leader.» «This is a war that never should have started. If we had a leader in this war… He's given $200 billion now or more to Ukraine, he's given $200 billion.

Donald Trump's from-the-hip style may start making financial markets volatile again — and that's just fine for a breed of global fast-money traders who thrive on that. With he and President Joe Biden running neck-and-neck ahead of their first debate Thursday night, investors have already been trying to game out how the Republican's return to the White House could affect everything from the electric-vehicle industry to the direction of long-term interest rates.

Russia's war against Ukraine has led many people in neighboring Poland to invest in gold

Crypto losses due to deepfake crypto scams are set to exceed $25 billion in 2024, more than doubling last year’s losses, according to Bitget.

A group of 50 people and firms across across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military have been hit with U.S. economic sanctions

Creatio, a low-code software platform for customer relationship management that competes with tech giant Salesforce, has secured $200 million in a new funding round that boosts its valuation to $1.2 billion, the company said on Wednesday. The funding, led by Sapphire Ventures, came after Creatio's revenue increased at 50% annually for a few years.

Russia has sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to Russia’s national railway company. A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Western sanctions, which have forced it to shift trade flows from Europe to Asia and the Middle East, RT has reported. “For the first time, two trains with Kuzbass coal headed to India along the International North-South Transport Corridor. The trains set off from the Kemerovo region. They followed along the eastern branch of the INSTC through Kazakhstan and Turkmenistan to the Iranian port of Bandar Abbas,” Russian Railways said on Monday in its Telegram channel, RT reported. How INSTC can revolutionise India's trade The development of the INSTC, which connects Russia to India through Iran's Chabahar port, means a lot for India's trade. Now that Russia faces restrictions on sea trade due to the Ukraine war, the corridor assumes even more economic and strategic importance, especially when India sees it as an alternative to China's ambitious Belt and Road Initiative.

French consumers are feeling less confident about their prospects amid surprise elections, a fresh headwind for the country’s fragile economic recovery. A measure of confidence compiled by France’s statistics agency fell to 89 in June from 90 in May, according to a survey released Wednesday, in which a reading of 100 represents the long-term average for consumer sentiment. Consumers reported worsening feelings for the quality of living in France in the months ahead, as well as for their own future savings’ prospects and willingness to make major purchases.