Economy Sep 25 How oil price hikes boost Russia’s war as drivers pay more for gas Behind the recent bump in price is Saudi Arabia's decision to slash how much oil it sends to global markets through the end of the year. Russia also is cutting back, and less supply means higher prices.
World Aug 15 Russia’s central bank raises interest rates in bid to stabilize ruble The Russian currency passed 101 rubles to the dollar Monday, hitting the lowest level in almost 17 months.
Economy Aug 03 Adidas will donate portion of $437 million made from first Yeezy sale to anti-hate groups The German sportswear maker is trying to offload the unsold shoes and donate part of the proceeds to groups like the Anti-Defamation League that are fighting antisemitism and other forms of hate.
World Jun 04 OPEC+ member countries consider more production cuts as oil prices slump The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S.
World May 30 Ukraine’s economy shows ‘resilience’ amid Russian invasion, IMF says Gavin Gray, the IMF's mission chief to Ukraine, says the economy is showing "remarkable resilience" following Russian attacks on its electricity infrastructure.
Economy May 05 $1.2 billion of unsold Yeezy shoes stuck in limbo after Adidas split with Ye Adidas still hasn't figured out what to do with $1.3 billion worth of high-end Yeezy sneakers after splitting with the rapper formerly known as Kanye West.
World Mar 24 Shares of Germany’s largest lender Deutsche Bank fall amid global jitters over banks Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.
Politics Mar 16 European Central Bank backs big interest rate hike despite global bank chaos The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global…
Economy Mar 15 Credit Suisse shares plunge, drag down European lenders Shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders.
Economy Feb 15 Global economy shows resilience, pain 1 year since the start of Ukraine war One year after Russia invaded Ukraine, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both.