Russian missiles hit crowded shopping mall in central Ukraine: President Volodymyr Zelenskiy

A Russian missile strike hit a crowded shopping centre in the central Ukrainian city of Kremenchuk on Monday, President Volodymyr Zelenskiy said. He said more than 1,000 people were in the shopping centre at the time of the attack. He gave no details of casualties but said: “It is impossible to even imagine the number … Read more

Europe’s Workers Brace for Tough Times as Real Wages Fall

Europeans are likely to see real wages fall faster than their U.S. counterparts, as Russia’s invasion of Ukraine sends inflation on a fresh surge, threatening to push the continent into recession. Until the invasion, European inflation rates looked set to remain below their U.S. equivalent, reflecting a slower economic recovery from the Covid-19 pandemic. This … Read more

Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe

BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine. The … Read more

Ukrainian military’s mounting losses on daily basis could be tipping point in war

The major losses suffered by Ukrainians daily in its war against Russia could be a tipping point in the ongoing conflict. Ukrainian casualties are reportedly somewhere between 6oo and 1,000 a day. One presidential adviser, Oleksiy Arestovych, told The Guardian this week it was 150 killed and 800 wounded daily Another, Mykhaylo Podolyak, told the … Read more

France’s Total Joins Qatar as First Foreign Partner in $30 Billion LNG Project

TotalEnergies CEO Patrick Pouyanné, wearing glasses, and Qatari Minister of Energy Saad Sherida Al-Kaabi met at QatarEnergy headquarters in Doha, Qatar, on Sunday. Photo: karim jaafar/Agence France-Presse/Getty Images Qatar tapped French oil giant TotalEnergies SE TTE -2.43% as its first foreign partner in a $30 billion liquefied natural gas project, as the Persian Gulf emirate … Read more

WSJ News Exclusive | Business Losses From Russia Top $59 Billion as Sanctions Hit

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings. Almost 1,000 Western businesses have pledged to exit or cut back operations in Russia, … Read more

Street fighting, constant shelling as Russia pushes for control of Ukraine’s Donbas

Ukrainian troops were engaged in fierce street fighting with Russian soldiers in the industrial city of Sievierodonetsk, while other towns were under constant shelling, as the Kremlin pushed for control of the eastern Donbas region. Sievierodonetsk has become the main target of the Russian offensive in the Donbas, comprising Luhansk and Donetsk provinces, as the … Read more

Russian missiles strike Kyiv, shattering sense of calm

A barrage of Russian missiles struck Ukraine‘s capital early on Sunday, hitting unspecified “infrastructure” targets, Kyiv‘s mayor said. No one was reported killed, with one person hospitalized with injuries. But the attack shattered a sense of calm in Kyiv, which hadn’t seen similar strikes since the April 28 visit of U.N. Secretary-General Antonio Guterres. The … Read more

India aims to achieve 60% of capex target by September to keep inflation at bay

The finance ministry has asked key infrastructure ministries and departments to speed up projects, setting a target of achieving at least 60% of the FY23 capital expenditure budget target by the end of September. North Block wants to push capital expenditure to support the economy buffeted by high inflation, geopolitical risk and monetary tightening. “We … Read more

Germany to send IRIS-T air defence system to Ukraine

Germany will supply Ukraine with the IRIS-T air defence system, Chancellor Olaf Scholz said, following pleas from Kyiv and German opposition parties to step up heavy weapons deliveries. Scholz said Germany had been “delivering continuously since the beginning of the war”, pointing to more than 15 million rounds of ammunition, 100,000 grenades and over 5,000 … Read more