Ukraine Financial News

Russia on Saturday said it had captured five villages in Ukraine's northeastern Kharkiv region during a surprise ground offensive that prompted mass evacuations, as President Volodymyr Zelensky made an urgent call for military aid. Moscow's defence ministry said its troops had «liberated» five villages in Ukraine's Kharkiv region near the Russian border — Borysivka, Ogirtseve, Pletenivka, Pylna and Strilecha — as well as taking one village in the Donetsk region. Ukraine's defence ministry said Friday Russia had launched a surprise attack on the Kharkiv region, making small advances into a border zone from where it had been pushed back nearly two years ago.

North Korea will equip its military with a new 240mm multiple rocket launcher starting this year, state media said Saturday, adding a «significant change» for the army's artillery combat capabilities was under way. Leader Kim Jong Un on Friday oversaw a live-fire test of the «technically updated» rocket system, Pyongyang's official Korean Central News Agency said. The announcement comes as analysts say the nuclear-armed North could be testing and ramping up production of artillery and cruise missiles before sending them to Russia for use in Ukraine.

The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession.”

Lithuania is holding a presidential election on Sunday at a time when Russian gains on the battlefield in Ukraine are fueling greater fears across all of Europe about Moscow's intentions

White House said on Friday. The Ukraine aid package includes artillery, munitions for NASAMS air defenses, anti-tank munitions, armored vehicles and small arms that can immediately be put to use on the battlefield, a U.S. official told Reuters earlier on condition of anonymity. The weapons aid will utilize Presidential Drawdown Authority, or PDA, which authorizes the president to transfer articles and services from U.S. stocks without specific congressional approval during an emergency. As a part of the $95 billion aid bills, Congress authorized $60.8 billion worth of various forms of aid to Ukraine, including $8 billion worth of PDA items.

Russia-Ukraine war and the ongoing tensions in the Middle East pose a significant challenge for global stability and economics, said G20 Sherpa Amitabh Kant while speaking at an event in Delhi. Kant added, «In the face of a global debt crisis impacting nearly 95 countries, urgent action is needed to pursue inclusive and sustainable growth strategies. As we navigate these challenges, our focus remains on achieving the Sustainable Development Goals (SDG) by 2030.» The G20 Sherpa was speaking at an event called 'Celebrating and Calibrating G20 — The Sherpa Speaks', it was organised by Society of Indian Law Firms (SILF) to honour the remarkable achievements of the G20 Sherpa Kant for his significant contributions in spearheading the success of the G20. He was also presented with the Award for Outstanding Achiever- India 2023.

world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

NEAR IVANIVSKE, Ukraine—For 48 hours, as the soldiers fought to hold a trench on Ukraine’s eastern front, their stores of water had been dwindling. Now, they had only a few sips left. The roads to resupply them were effectively cut off—made impassable by attack drones.

Also Read: PM Modi's outreach to Vladimir Putin helped avert ‘potential nuclear attack’ on Ukraine in 2022: Report “Most of the countries have taken a stand. We are the only one whose position is very clear. We are not on anyone's side, we are in favour of peace.

world will witness a «very, very stormy» churn because of conflicts, power shifts and sharpening competition in this decade, which makes it all the more important for India to have a stable and mature leadership, External Affairs Minister S Jaishankar said. In an exclusive interview to PTI late Thursday, Jaishankar painted a picture of the world radically different from the one we are living in now by the end of 2020s when asked to draw on his nearly 50 years of experience in diplomacy and politics to give an assessment of the global power balance. «Multiple conflicts, tensions, divides! With all these variables that I am putting to you, I am painting to you, actually, a very, very stormy international scene for the balance of the decade,» said Jaishankar, a former ambassador to China and the United States, who was tapped for the political role by Prime Minister Narendra Modi in 2019. Jaishankar especially referred to the declining influence of the United States, the conflict in Ukraine, the fighting in Gaza, attacks in the Red Sea, tensions in the South China Sea, the challenge of terrorism in different geographies and advent of new technologies as the drivers of the «churn».

Akshaya Tritiya, which is on May 10, has always seen fervent gold purchases stemming from the belief that investments made on this day would never diminish, thus bringing everlasting prosperity. Over the past three to four months, gold prices have shown significant volatility, experiencing roller coaster-like movements.

₹621.95 and ₹514.40 apiece. This uptick followed both companies reporting in-line performance for the March quarter and for the full fiscal year FY24. Compared to the performance in the March quarter, both companies have exhibited improved performance for the full fiscal year FY24.

Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country.

The Bank of England is expected to maintain interest rates at a 16-year high of 5.25% Thursday, but a cut wouldn’t be a huge surprise as inflation falls from multi-decade highs

The European Union marks its annual Europe Day on Thursday

Bad weather and war are threatening to keep the world’s wheat supplies under strain and reviving the specter of rising food costs. 

Xi Jinping is due to meet Hungarian Prime Minister Viktor Orban on Thursday, with the war in Ukraine and infrastructure projects high on the agenda, as he makes his third stop on his first European tour in five years. Xi, who arrived in Budapest late on Wednesday, can expect a warm welcome in a country that is an important partner in trade and investment, in contrast with other EU nations that are considering diversifying from China and becoming less dependent on the world's second-largest economy.

European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the bloc

Shopify’s stock is poised to potentially tumble to an all-time low on Wednesday as the Canadian company gave a disappointing second-quarter forecast that includes easing revenue growth and thinner margins

Democracy Perception Index revealed a striking sentiment among Indians, with nearly 75% expressing concern that global corporations pose a threat to democracy. As per the survey findings, after economic inequality and corruption, global corporations are viewed as the third most significant threat to democracy. The US also stands out as among the countries with the highest levels of the perceived threat from global corporations. India is also ranked top among countries fearing that big tech companies like Google, Amazon and Meta threaten democracy.

Swaminathan Aiyar, Consulting Editor, ET Now, says “BJP may have many jewels, but Mr Modi is Koh-i-Noor. The biggest thing the BJP has going for it is Mr Modi. And at the end of it all, you can have 25 different analyses of different issues. But if the stark choice is, do you want Mr Narendra Modi or do you want Mr Rahul Gandhi? I have no doubt that people will opt for Mr Modi, whatever their other reservations are. Whether he gets an increased majority or a reduced majority is another matter. But even if the BJP loses 100 seats, they will get more parties with them and so surely Mr Modi will be back.” On inflation the prime minister has cited the Korean War during the Nehru regime and he has spoken about how inflation was the highest during Indira Gandhi's time. Up front, what do you make of this historical context that the prime minister is referencing on inflation and the impact of the war in Ukraine, which he says affects food, fertiliser and fuel prices directly? Swaminathan Aiyar: He recalls inflation back in the early 50s. It is a fact that the Korean War resulted in a shortage of all kinds of commodities, which were being used for the war effort on both sides. Because of that very steep rise in all commodity prices, there was an increase in price in India too. While it is true that there were a certain number of restrictions on imports, actually imports were pretty free in the early 50s. Therefore, there was an impact.