War Financial News

The U.S. and Britain have struck 18 Houthi targets in Yemen

Ukraine war Wavering economic and military support from the West means things are likely to get worse. Ukrainian officials are increasingly nervous about the figures: cashflow, mobilisation numbers, weapons. Serhiy Marchenko, the finance minister, says he believes his country’s Western partners will come good on this year’s non-military budget of $37bn—Ukrainian taxes pay for military expenses—but he is worried about what happens next.

Yemen on Saturday, answering a recent surge in attacks by the Iran-backed militia group on ships in the Red Sea and Gulf of Aden, including a missile strike this past week that set fire to a cargo vessel. According to U.S. officials, American and British fighter jets hit about 18 sites across multiple locations, targeting missiles, launchers, rockets, drones and unmanned surface and underwater vehicles. The officials spoke on condition of anonymity in order to provide early details of an ongoing military operation. This is the fourth time that the U.S. and British militaries have conducted a combined operation against the Houthis since Jan. 12. But the U.S. has also been carrying out almost daily strikes to take out Houthi targets, including incoming missiles and drones aimed at ships, as well as weapons that were prepared to launch.

Reuters. The British PM made this statement to mark two years since the beginning of the war, he said Ukraine continued to need more long-range weapons, drones and munitions, as well as other assistance, in an article in an early edition of the Sunday Times. The first British Asian prime minister further said, "We must be bolder in hitting the Russian war economy ....

Donald Trump won South Carolina's Republican primary on Saturday, easily beating former U.N. Ambassador Nikki Haley in her home state and further consolidating his path to a third straight GOP nomination. Trump has now swept every contest that counted for Republican delegates, adding to previous wins in Iowa, New Hampshire, Nevada and the U.S. Virgin Islands. The former president's latest victory will likely increase pressure on Haley, who was Trump's former representative to the U.N. and South Carolina governor from 2011 to 2017, to leave the race. A 2020 general rematch between Trump and President Joe Biden is becoming increasingly inevitable. Haley has vowed to stay in the race through at least the batch of primaries on March 5, known as Super Tuesday, but was unable to dent Trump's momentum in her home state despite holding far more campaign events and arguing that the indictments against Trump will hamstring him against Biden.

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By Olena Harmash and Angelo Amante

Zelensky vowed Saturday that Ukraine would defeat Russia as the war entered a third year. «We have been fighting for this for 730 days of our lives. We will win on the greatest day of our lives,» Zelensky told an open-air anniversary event in Kyiv. «Any normal person wants the war to end. But none of us will allow Ukraine to end,» Zelensky said, stressing that the war must end «on our terms», with a «just» peace.

UK announced on Saturday a new £245 million ($311 million) defence package to help boost the production of «urgently needed artillery ammunition» for Ukraine, two years after war broke out with Russia. Defence Secretary Grant Shapps said Ukraine's armed forces «against all odds» had recaptured large parts of the land seized by Russia in its 2022 invasion. «But they cannot win this fight without the support of the international community — and that's why we continue to do what it takes to ensure Ukraine can continue to fight towards victory,» he added.

Jaishankar on Saturday said the coming together of India, US, Australia and Japan as part of the Quad group serves to illustrate the growth of a multipolar order and advance a post-Cold War thinking against 'spheres of influence'. «I believe it (Quad) has five messages. One, it reflects the growth of a multipolar order. Two, it is post-Alliance and post-Cold War thinking. Three, it is against spheres of influence. Four, It expresses the democratizing of the global space and a collaborative, not unilateral approach. And five, it is a statement that in this day and age, others cannot have a veto on our choices,» EAM Jaishankar said on the closing day of the Raisina Dialogue in the national capital on Saturday. Jaishankar was addressing the 'Quad Think Tank Forum' session at the Raisina Dialogue. The session was primarily focused on the Quad, as well as a free and open Indo-Pacific

town of Rafah, Palestinians cling to life amid the grinding war with Israel. A barefoot boy wears a pot on his head and beams a smile. A child lugs a jerry can half his size full of water. Men sit at half-empty tables selling canned goods. A tapestry of laundry hangs from every line.

Antony Blinken, while speaking at a news conference during a trip to Buenos Aires, said, “They're also inconsistent with international law. Our administration maintains a firm opposition to settlement expansion, and in our judgment this only weakens, doesn't strengthen, Israel's security." The comments reversed the Trump administration's position that settlements did not violate international law. Israel on Thursday said that it plans to build more than 3,300 new homes in settlements in the Israeli-occupied West Bank.

President Joe Biden said the measures aim to ensure Russian President Vladimir Putin "pays an even steeper price for his aggression abroad and repression at home." The sanctions targeted Russia's Mir payment system, financial institutions and its military industrial base, sanctions evasion, future energy production and other areas. They also hit prison officials the U.S. says are linked to Navalny's death.

Investing.com-- Oil prices settled lower Friday, snapping a two-week win streak amid fresh concerns that higher for longer U.S. interest rate regime will stifle global growth and crude demand.  

By Sybille de La Hamaide and Benoit Tessier

Reuters, Israel aims to maintain security control over all land west of Jordan. This includes the occupied West Bank and Gaza - the territories where the Palestinians hope to establish an independent state. Besides, Netanyahu's plan also suggested way to replace Hamas rule in Gaza while maintaining public order.

Chief of Defence Staff Gen Anil Chauhan on Friday said India is looking at dealing with long-term challenges that may emanate from China besides focusing on the current situation along the Line of Actual Control (LAC). He made the remarks at the Raisina Dialogue. The Chief of Defence Staff, especially spoke about bridging any technological deficiencies. "(We are looking at) not only what is happening along the northern borders, but also long-term challenges so that we do not have a technological kind of a deficiency," he said.

Also Read: Elon Musk stirs Ukraine pot again, says US should use funds for infra projects instead The sanctions will target people linked to Navalny's imprisonment and Russia's war machine, said President Biden. The fresh tranche of curbs against Russia has come on the second anniversary of the Ukraine invasion and has been described by the Treasury Department as the largest single tranche since the start of the war.

Israel's military exports to India, its largest defence buyer, have not been affected by the war in Gaza, an Indian source and an Israeli source aware of the details said. India has imported military hardware worth $2.9 billion from Israel over the last decade, including radars, surveillance and combat drones, and missiles. Israel launched its months-long military campaign after militants from Hamas-ruled Gaza killed 1,200 people and took 253 hostages in southern Israel on Oct. 7. Since then, more than 29,000 Palestinians have been killed, according to Gaza's Hamas-run health ministry.

SINGAPORE (Reuters) -Oil prices were on track on Friday to snap a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months, but indications of healthy fuel demand and supply concerns could revive prices in coming days.

By Gerry Doyle