Ukraine Financial News

young people are reluctant to join up. And it is not just Europe that is struggling with recruitment. In and around the world’s conflict hotspots the question of how to get more people into uniform is vital.

The asbestos-based roofing players are expected to record PBIT margins at around 8- 9 per cent in FY2025 and FY2026, an improvement of 100-200 bps, stated a report by ICRA. This, it added, will be backed by estimated steady growth in volumes and marginal improvement in realisations. The asbestos fibre prices increased at a CAGR of 9.6 per cent during the FY2018- FY2024 period compared to the modest rise in realisations at a CAGR of 3.1 per cent during the same period, thereby impacting the profitability of the companies.

visit Russia in July. However, he refused to comment on the development until the visit was publicly confirmed by the two governments. Asked about the US reaction as PM Modi is expected to visit Russia to meet Russian President Vladimir Putin next month, Miller responded, «So we've seen those reports. I haven't seen a visit publicly confirmed by either of the countries. So, I think I'll wait to decline comment until I see them publicly actually confirmed by the governments in question.» His remarks came after reports claimed that India and Russia are making arrangements for an upcoming visit by PM Modi to Russia. Russian Foreign Policy Adviser Yuri Ushakov confirmed the development, Russia-based RIA Novosti reported.

arrest warrants for Russia's chief of the General Staff Valery Gerasimov, and former defence minister Sergei Shoigu. Warrants were issued for the alleged war crimes of directing attacks at civilian objects and causing excessive incidental harm to civilians, as well as the crime against humanity of «inhumane acts» in Ukraine, the ICC said in a statement. ICC judges said there were «reasonable grounds to believe that the two suspects bear responsibility for missile strikes carried out by the Russian armed forces against the Ukrainian electric infrastructure from at least 10 October 2022 until at least 9 March 2023.»

In its first major report into the rapidly advancing world of AI, the central banking umbrella group said policymakers need to harness its immense power to monitor data in real time in order to «sharpen» their inflation-predicting abilities.

The Norwegian government has signed a deal to start stockpiling grain, saying the COVID-19 pandemic, a war in Europe and climate change have made it necessary

Ukraine is set to officially launch membership talks with the European Union later on Tuesday

Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed.

gold reserves parked overseas dropped to the lowest in six years at the end of March--47% of the total—since it started accumulating the precious metal in December 2017. Data show that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022. News that the RBI had brought back 100 tonnes of gold from the UK to India emerged at the end of last month. Governor Shaktikanta Das said this was because there is enough domestic storage capacity and nothing more should be read into it. At the end of March, the RBI’s total gold holdings amounted to 822.1 tons. A December 2023 survey by global investment manager Invesco of 57 central banks and other asset managers showed that they had increased exposure to gold 8-10 years ago, keeping it London and using it for swaps and to enhance yields, but that they were now moving the reserves back to their own countries, underscoring its role as a safe-haven asset. From 50% in 2020, the share of gold reserves held in their own countries is estimated to have gone up to 68% by December 2023 and will likely rise to 74% within the next five years, according to the survey.

Fallen cryptocurrency exchange FTX says that nearly all of its customers will receive the money back that they are owed, two years after its spectacular implosion, and some will get more than that.

Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track the upcoming monetary policies, the G7 summit held in Italy, and how rising temperatures are ringing alarm bells.

Poland’s President Andrzej Duda is in China on a visit that brings the leader of a NATO member to a country that has backed Russia in its full-on invasion of Ukraine

Reserve Bank of India's gold reserves parked overseas dropped to a six-year low at the end of March — 47% of total. This is the lowest since it started accumulating the precious metal in December 2017. Data shows that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022.

Ukraine is experiencing rolling blackouts as Russia intensified strikes targeting energy infrastructure over the past three months

New Delhi:A Bengaluru-based Indian technology company is among at least 10 firms from several countries against whom Japan has imposed sanctions for allegedly helping Russia evade punitive economic measures.The actions against the companies including asset freeze and export bans were announced by the Japanese Foreign Ministry.The other companies belonged to China, Kazakhstan, Uzbekistan and the United Arab Emirates.The West and its allies have imposed strict punitive trade and economic sanctions against Russia over its invasion of Ukraine.Japan has introduced punitive measures under the Foreign Exchange and Foreign Trade Act, the Japanese foreign ministry said in a statement.It named the Indian company in the list of firms which will be facing sanctions from the Japanese government.Last week, Japanese Prime Minister Fumio Kishida said at the G7 summit in Italy that his government is imposing sanctions on companies and groups which are helping Russia evade economic sanctions.The G7 grouping has imposed a series of punitive sanctions against Russia including asset freeze for its invasion of Ukraine.Japan has already imposed punitive measures on a number of Russian companies.

Russian strikes on Ukraine's eastern city of Kharkiv on Sunday, regional governor Oleh Synehubov said. «The occupiers have conducted strikes on the civilian infrastructure of Kharkiv,» Synehubov wrote on Telegram, adding that the strikes appeared to have been conducted with glide bombs. Russia has regularly bombed Kharkiv throughout Moscow's 28-month full-scale invasion of Ukraine.

Moscow may change the timing for use of its nuclear weapons if threats against Russia increase, the RIA state news agency cited Andrei Kartapolov, the head of the Russian lower house's defence committee, as saying on Sunday. The former general's comments follow recent warnings by President Vladimir Putin that Moscow may change its nuclear doctrine, which lays out the conditions in which such weapons could be used. «If we see that the challenges and threats increase, it means that we can correct something in (the doctrine) regarding the timing of the use of nuclear weapons and the decision to make this use,» the agency quoted Kartapolov as saying.

Reform UK's top leader Nigel Farage, in an interview with BBC, had claimed that the West had somehow 'provoked' Vladimir Putin to go into war against the Ukraine, a statement that has received severe criticism from leaders like Rishi Sunak and Keir Starmer, says an Evening Standard report.

KYIV: At least three people were killed in a Russian bomb attack on Ukraine's second city, Kharkiv, on Saturday afternoon, Ukrainian President Volodymyr Zelenskyy said. Another 19 people were wounded in the attack, in which a guided aerial bomb hit a residential building, according to Zelenskyy. Russia has also continued to target Ukraine's energy infrastructure. Russia launched a new barrage of missiles and drones in an overnight attack on Ukraine, officials in Kyiv said Saturday, damaging energy facilities in the southeast and west and injuring at least two workers.

Nigel Farage, the leader of Britain's right-wing Reform UK party, said the eastward of expansion of the European Union and NATO had provoked Russian President Vladimir Putin's invasion of Ukraine. The remarks, made in an interview with the BBC aired late on Friday, drew strong criticism across the British political spectrum ahead of a July 4 election in which Farage's party is predicted to win millions of votes.

A large chunk of the world's wealth today is locked in illiquid assets, therefore they are typically traded at a discount.