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Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.
Persons: , Yuriy Ignat, Russia – “, , Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, , US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran
The Kremlin said Friday that its attack using a new ballistic missile was a warning to Ukraine's "reckless" Western allies, the culmination of a week of escalating threats from President Vladimir Putin. The latest round of saber rattling from Putin and Kim has come during a week in which the war in Ukraine passed 1,000 days and with Washington preparing for a change in leadership. Still, Western officials and many analysts have sought to play down what they said was a clear effort to intimidate Kyiv and its backers. And a top official in U.S. ally South Korea shone new light on what Kim may be getting out of his Putin partnership. But the U.S. official said Russia would not be able to bully Ukraine, the U.S. or other countries helping Kyiv fend off invading Russian forces.
Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Dmitry Peskov, Russia can’t, Peskov, Volodymyr Zelenskyy, Shin Won, sik, Donald Trump, , Farah Dakhlallah, Biden Organizations: Washington, Russia, National Security, Emergency Service of, Getty, NATO, U.S Locations: Moscow, Pyongyang, North, U.S, Washington, Ukraine, Russia, Dnipro, Korea, North Korea, Sumy, Emergency Service of Ukraine, Anadolu
Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.
Persons: Donald Trump, don’t, Trump, Vladimir Putin, , Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, , Mike Waltz, Xi, Sergey Bobylev, , Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, , U.S, Economist, Chinese Communist Party, Getty Images, , Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, , Contemporary China, “ China, European, North Korea, U.S, Dubai
A resident walks at the site of a Russian missile strike in Dnipro, Ukraine, November 21. Mykola Synelnykov/ReutersRussia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike on an enemy, experts say. Ballistic missiles have been the underpinning of deterrence, offering what is known as “mutual assured destruction,” or MAD, in the nuclear age.
Persons: Mykola Synelnykov, Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen Organizations: Reuters, West, Federation of American, Ballistic Locations: Russian, Dnipro, Ukraine, Ukrainian, Russia, Europe
CNN —Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike an enemy, experts say. Aftermath of Russian missile strike in Dnipro, Ukraine, on November 21, 2024. Pakistan reportedly tested a missile with multiple warheads in 2017, and earlier this year India said it had successfully tested a MIRVed ICBM.
Persons: Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen, Matt Korda, , Manish Swarup, Korda, ” Kristensen Organizations: CNN, West, Federation of American, Russian, Ballistic, Federation of American Scientists, Union of Concerned Scientists, Center for Arms Control, AP Locations: Ukraine, Dnipro, That’s, US, Ukrainian, Russia, United States, Europe, China, United Kingdom, France, Pakistan, India, New Delhi, North Korea
Oil rises as intensifying Ukraine war increases supply risk
  + stars: | 2024-11-22 | by ( ) www.cnbc.com   time to read: +2 min
An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on March 8, 2022. Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Russia is among the world's top crude oil producing countries, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+. Russia this month said it produced about 9 million barrels of oil a day. Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.
Persons: Phillips, Vladimir Putin, Putin, Joe Biden, Jim Ritterbusch, meanwhile, Donald Trump's Organizations: Brent, . West Texas, British Storm Shadow, Ritterbusch, Associates Locations: Linden , New Jersey, United States, Russia, Ukraine, U.S, Britain, British, Ukrainian, Moscow, Florida, China
CNN —A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran. According to Norway’s public broadcaster NRK, the man is in his 20s and was arrested at home in his garage on Wednesday. He is charged with attempted aggravated intelligence activities against state secrets and admitted to having collected and shared information with Russian and Iranian authorities, according to NRK. The arrest comes amid ongoing concerns about Moscow and Tehran’s espionage and influence operations around the globe. Western officials have disrupted plots from Tehran to harm or kill individuals, including an alleged assassination plot against President-elect Donald Trump.
Persons: Donald Trump, John Christian Elden, Elden, Organizations: CNN, US, NRK, Wall Street Journal, Norway “, US State Department, Norwegian Locations: Oslo, Russia, Iran, Moscow, Tehran, Germany, United Kingdom, Canada, Norway,
CNN —It began with a peace move nobody wanted and ended with an experimental missile strike so rare in war Moscow gave a 30-minute heads-up to Washington. The White House publicly authorized Ukraine Sunday to fire missiles it supplied into Russia proper, which it swiftly did Monday. Moscow responded by using an experimental medium-range missile, with hypersonic speeds and a multiple warhead system usually reserved for nuclear payloads, to strike Dnipro Thursday. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Yuri Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier.
Persons: Donald Trump’s, Putin, Olaf Scholz, Vladimir Putin, Scholz, Trump, Joe Biden’s, , Russia’s, , Yuri Budanov, ” Budanov, Biden Organizations: CNN, White House, Ukraine Sunday, Dnipro Thursday, Kremlin, Russia’s, Foundation, NATO, Intermediate Nuclear Forces, US, United Kingdom’s Defence Intelligence Locations: Moscow, Washington, Ukraine, Russia, Germany, Europe, Poland, France, Dnipro, Kyiv, Kharkiv, Kupiansk, Zaporizhzhia, Kursk
AdvertisementRussia fired what it said was a new type of ballistic missile at Ukraine this week. Russian President Vladimir Putin on Thursday said his military had fired a new type of missile at Ukraine, describing it as a test and also a warning to the West. The missile, described by the US as experimental, appears to have the range to hit targets elsewhere in Europe. Firefighters at the site of a Russian missile strike in Dnipro, Ukraine, November 21, 2024. He said​​ Russia "had the right" to strike countries that gave Ukraine weapons that hit Russia.
Persons: Putin, Vladimir Putin, Sabrina Singh, Matthew Savill, Mick Ryan, Efrem Lukatsky Jakub Janda, Pavel Podvig, , Volodymyr Zelenskyy, MIKHAIL METZEL, Fabian Hoffmann, Ryan, Farah Dakhlallah Organizations: Firefighters, Press Service, State Emergency Service of, Getty, Center for Arms Control, Financial Times, Royal United Services Institute, Associated Press, Australian Army, BBC, AP, European Values Center, Security, UN Institute for Disarmament Research, Oslo Nuclear Project, Reuters, Australian, NATO Locations: Ukraine, Dnipro, Europe, Russian, State Emergency Service of Ukraine, Dnipropetrovsk Region, Anadolu, United Kingdom, Russia, Moscow, Oslo
Ukraine on Thursday accused Russia of launching an intercontinental ballistic missile as part of an overnight attack, in what would be the first use of such a weapon during the conflict. Ukrainian forces also used British-supplied long-range Storm Shadow missiles inside Russia for the first time on Wednesday, the Kremlin said. Moscow on Thursday launched an intercontinental ballistic missile at Ukraine for the first time, Kyiv said. But this kind of a strike might have a value as a signal,” said nuclear forces expert Pavel Podvig. Russian forces have seized the momentum in recent months and eked out a succession of territorial gains, particularly on the eastern front lines.
Persons: Dmitry, Lysak, Vladimir Putin's, , Pavel Podvig, , Podvig, Kim Jong, Alexander Bollfrass, ” Bollfrass Organizations: Western, Dnipro, Emergency Service of, Getty, . Institute for Disarmament Research, Kremlin, Strategy, Technology, Institute for Strategic Studies, NBC News, Trump Locations: Ukraine, Russia, Dnipro, Moscow, Ukrainian, Astrakhan, Kryvyi, Emergency Service of Ukraine, AFP, Russia's Kursk, London, China
AdvertisementRussia announced on Wednesday that Vladimir Putin is gifting Kim Jong Un about 70 animals for his zoo. Russia's environmental ministry said the animals include a lioness, two bears, two yaks, and over 60 birds. The new set of animals is another touch by Putin to firm up his alliance with North Korea. AdvertisementKozlov's ministry said it had previously sent Pyongyang birds such as eagles, cranes, and parrots, but that it was the first time Russia had donated mammals. In August, the Times of London, citing a veterinary source in Russia, reported that the Russian leader had sent Pyongyang two dozen purebred white horses.
Persons: Vladimir Putin, Kim Jong Un, Putin, Kim Jong, Alexander Kozlov, Kozlov's, Kim Organizations: Russia, North, Russian Ministry of Natural Resources, Moscow Zoo, Pyongyang Central Zoo, North Korean State Media, NATO, Central, Stockholm International Peace Research Institute Locations: North Korea, Moscow, Pyongyang, North Korean, Korean, Russia, London, Russian, The, Ukraine, Korea, Germany, Poland, Western, Stockholm
AdvertisementThe US levied sanctions on Gazprombank, the last major Russian bank not yet blacklisted. Washington is clamping down on Gazprombank, Russia's last major lender operating free of US sanctions. Up until this point, Washington refrained from sanctions in order to maintain gas flows between Russia and remaining European customers. "Today's sanctions targeting Russia's largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said. The so-called System for Transfer of Financial Messages is used to evade sanctions and fund Russia's war effort, the US said.
Persons: Russia's, Washington, Janet Yellen, OMV Organizations: Treasury, Treasury Department, Russia, Kremlin Locations: Russian, Russia, Europe, Washington, Ukraine, Austrian
Oil prices firm as geopolitical tensions raise supply concerns
  + stars: | 2024-11-21 | by ( ) www.cnbc.com   time to read: +2 min
A pump jack at an oil lot connected to the Petroleos del Peru SA Talara refinery in Piura, Peru, on Wednesday, Dec. 13, 2023. Oil prices edged higher on Thursday due to supply concerns triggered by escalating geopolitical tensions amid the ongoing war between Russia and Ukraine. Gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw. Adding to supply, Norway's Equinor said it had restored full output capacity at the Johan Sverdrup oilfield in the North Sea following a power outage. However, a slowdown in Chinese and global demand, coupled with rising output outside the group, have potentially thwarted this plan.
Persons: Norway's Equinor, Johan Sverdrup Organizations: del, del Peru SA Talara, Brent, . West Texas, Storm, ATACMS, Energy Information Administration, Organization of, Petroleum Locations: del Peru, Piura, Peru, Russia, Ukraine, Moscow, Kyiv, OPEC
Ukraine says Russia launched an intercontinental ballistic missile overnight targeting Dnipro city in the central-east of the country, which, if confirmed, would be the first time Moscow has used such a missile in the war. It said an intercontinental ballistic missile was fired at Dnipro city along with eight other missiles, and that the Ukrainian military shot down six of them. The attack comes two days after Russian President Vladimir Putin signed a revised nuclear doctrine that formally lowers the threshold for the country's use of nuclear weapons. Ukraine on Tuesday fired several American-supplied longer-range missiles and reportedly fired U.K.-made Storm Shadows on Wednesday into Russia. While the doctrine envisions a possible nuclear response by Russia to a conventional strike, it is formulated broadly to avoid a firm commitment to use nuclear weapons and keep Putin's options open.
Persons: Vladimir Putin, Yevgeny Balitsky, Joe Biden's, Putin Organizations: Kremlin, Ukraine, Russian Defense Ministry, U.S, NATO Locations: Moscow, Russian, Ukraine's Zaporizhzhia, Russia, Ukraine, Dnipro, Russia's Astrakhan, Crimean
AdvertisementOfficials in two Russian regions have said public bodies won't be holding New Year's parties this year. The regions said that they're planning to redirect funds to the war in Ukraine instead, per reports. The governments of several Russian regions have decided not to hold New Year's parties, with many proposing to allocate savings to funding the war in Ukraine, according to multiple reports. The Buryatia region's Telegram account proposed using the saved funds for those participating in the war, and encouraged others to do the same. There are signs that Russia's public sector is under strain, with large layoffs planned in 2025.
Persons: Leningrad's, Vladimir Putin Organizations: New, Moscow Times, Telegraph, Church, Russian Kommersant, Atlantic Council Locations: Ukraine, Russia, Buryatia, Sakha, Ulan, Ude, Russia's, Tomsk, Saint Petersburg, Yaroslavl, Nizhny Novgorod, Russian
She wrote two more bills that same week supporting Julian Assange and Edward Snowden, who were behind two of the biggest US national security leaks of the 21st Century. Both men are broadly seen as enemies of the state within the intelligence community. Gabbard proposed repealing Patriot ActIf confirmed, Gabbard will be the most markedly anti-surveillance official to lead the intelligence community in the post-9/11 era. Some prominent Republicans like former Trump national security adviser John Bolton and former Trump UN ambassador and 2024 GOP presidential candidate Nikki Haley have come out against her. Scott Olson/Getty ImagesGabbard is in many ways a stranger to the intelligence community.
Persons: Donald Trump’s, spymaster, Tulsi Gabbard, Daniel Ellsberg, Gabbard, , Ellsberg, Julian Assange, Edward Snowden, It’s, MAGA, Trump, Assange, Marco Rubio, Elise Stefanik, Mike Waltz, she’s, scot, Jamil Jaffer, George W, Bush, White, George Mason University’s, Snowden, Alexandria Ocasio, Cortez, Assange —, Sen, Rand Paul, Justin Amash, Matt Gaetz, Gabbard’s Snowden, Bill Pugliano, Tulsi, Drew Angerer, Glenn Gerstell, , Gerstell, ” Gerstell, She’s, neocons, ” “, Vladimir Putin’s, Biden, , Hannity, Steven Ferdman, cynically, John Bolton, Nikki Haley, DNI, ” Haley, Hillary Clinton, Assad, Obama, Tom Williams, CNN Gabbard, Bashar Assad, Nancy Pelosi, Gabbard’s, we’ve, Trump’s, Qasem Soleimani, ” ‘, Donald Trump, Scott Olson, Democratic Sen, Chuck Schumer, ” Gabbard Organizations: CNN, Democratic, Pentagon, The New York Times, Washington Post, US, National Intelligence, Republican Party, WikiLeaks, National Security Institute, George, National Security Agency, — Democratic, Trump, FBI, Fox, Patriot, Foreign Intelligence, Congress, Capitol, Defense Department, Democrat, Republican, NATO, Fox News Channel Studios, Trump UN, GOP, blindsided, Hawaii National Guard, House Armed Services Committee, Syrian, ISIS, Democratic Party, Lawmakers, Gabbard Locations: Syria, Ukraine, Russia, Alexandria, , Washington, Detroit , Michigan, Gabbard, Washington ,, China, Hawaii, American, Moscow, New York City, Kremlin, Iraq, Lebanon, Ohio, La Crosse , Wisconsin, United States
CNN —Ukraine’s military has accused Russia of firing an intercontinental ballistic missile (ICBM) into its territory for the first time, marking what would be another significant escalation in the 1,000-day-old war. Despite Kyiv’s accusation, two Western officials said that the missile launched by Russia was a ballistic missile, but not an ICBM. Ukraine’s air force accused Russia of launching an intercontinental ballistic missile at Dnipro at around 5 a.m. local time, from the Astrakhan region of southern Russia. Alexander Nemenov/AFP/Getty Images/FileWhat is an intercontinental ballistic missile? An intercontinental ballistic missile (ICBM) is a long-range weapon that is fired into space and then releases a warhead or warheads that reenter the atmosphere to drop on their targets.
Persons: CNN —, Heorhii Tykhyi, , Volodymyr Zelensky, Vladimir Putin, ” Zelensky, Dmitry Peskov, Peskov, Joe Biden, Putin, Alexander Nemenov, Mykola Synelnykov, Serhiy Lysak Organizations: CNN, Ukraine’s Foreign Ministry, Russia’s Defense Ministry, Russia’s Defense, Victory Day, Getty, Center for Arms Control, Soviet Union, The, Patriot, Missile, Center for Strategic, International Studies, Congressional Research Service, Patriots Locations: Russia, Dnipro, Ukrainian, Ukraine, Astrakhan, Laos, British, Russian, Moscow, AFP, Soviet, States, Germany, Kyiv, Dnipropetrovsk, Donetsk
One basis point equals 0.01%. The 10-year Treasury yield fell more than 1 basis point to 4.390%, while the yield on the 2-year Treasury slipped by nearly 2 basis points to 4.291%. The benchmark 10-year Treasury yield dipped on Thursday as investors await a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers. Existing home sales for October and the Kansas City Fed survey for November are scheduled to follow slightly later in the session. Cleveland Fed President Beth Hammack, Chicago Fed President Austan Goolsbee, Kansas City Fed President Jeff Schmid, Fed Vice Chair for Supervision Michael Barr are all poised to deliver remarks about the U.S. economy on Thursday.
Persons: Donald Trump's, Beth Hammack, Austan Goolsbee, Jeff Schmid, Michael Barr, Michelle Bowman, Samantha Subin, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Philadelphia Fed, Kansas City Fed, Cleveland Fed, Chicago Fed Locations: Russia, Ukraine, Washington, Moscow, Kansas, U.S
Russian President Vladimir Putin's broadened nuclear doctrine appeared to be a thinly veiled threat to the United States and its allies over their ramped-up support for Ukraine. The updated document includes a change that allows for Moscow to launch a nuclear strike if attacked by a nonnuclear country, such as Ukraine, that is supported by a nuclear state, such as the U.S. It was formally approved the same day that Kyiv used its first U.S.-supplied long-range ATACMS missiles against Russia. Defense Secretary Lloyd Austin told NBC News that he saw no indication that Moscow is imminently intent on using nuclear weapons. “He has rattled his nuclear saber quite a bit and this is dangerous behavior,” Austin said of Putin.
Persons: Vladimir Putin's, Putin, Lloyd Austin, , ” Austin, Kyiv’s, Keir Starmer, Russia …, Jean, Noel Barrot, Putin’s, Josep Borrell, Dmitry Peskov, “ Russia’s, Keir Giles, Biden, ” Giles Organizations: Ukraine, Kyiv, West . Defense, NBC News, Union, Tass, Kremlin, Moscow Locations: United States, Moscow, Ukraine, U.S, Russia, Europe, Washington, British, Brazil, Western, London, Chatham, Eurasia
Russia transferred more than 70 animals, including an African lion and two brown bears, to a zoo in the North Korean capital Pyongyang from Moscow’s zoo, the Russian government said on Wednesday. The animals were “a gift from (Russian President) Vladimir Putin to the Korean people,” the government said. Russian President Vladimir Putin and North Korean leader Kim Jong Un during a welcoming ceremony in Pyongyang on June 19, 2024. A bird is unloaded in a wooden crate upon arrival in the North Korean capital of Pyongyang. Pyongyang and Moscow have forged closer ties since Putin visited the country in June and concluded a treaty with North Korean leader Kim Jong Un.
Persons: Vladimir Putin, Kim Jong Un, Alexander Kozlov, Kozlov, Putin, Kim Organizations: North, Getty, Pyongyang Central Zoo, Moscow Zoo, Russian Natural Resources Ministry, AFP, Russia Locations: Russia, Korean, Pyongyang, Moscow’s, Russian, Moscow
The United States said Wednesday that its embassy in the Ukrainian capital, Kyiv, had closed after receiving "specific information of a potential significant air attack." "Out of an abundance of caution, the Embassy will be closed, and Embassy employees are being instructed to shelter in place," it said in a security alert, recommending U.S. citizens take shelter if an air alert is announced. Shutting the embassy is not an unprecedented move amid the war, which reached its 1,000th day Tuesday. Searchlights look for Russian drones in the skies over Kyiv, in the early hours of Wednesday morning. Moscow could justify a nuclear strike if subject to an attack by a nonnuclear country that is supported by a nuclear country, according to the revised doctrine.
Persons: Serhii, Gleb Garanich, Vladimir Putin Organizations: Embassy, Kyiv’s, Military Administration, Reuters Locations: States, Kyiv, Ukrainian, Russian, Dniprovskyy, Ukraine, Bryansk, Moscow
• The US embassy in Ukraine’s capital Kyiv said it would be closed today after it received “specific information of a potential significant air attack.” Air raid sirens were activated in the city several times overnight. The US said it doesn’t see any indication that Russia is preparing to use a nuclear weapon in Ukraine. • Moscow’s fresh round of nuclear saber rattling follows the US move to allow Ukraine to strike targets deep inside Russia with American-made weapons. Ukraine hit a Russian weapons arsenal with the ATACMS missiles, which it fired across the border for the first time yesterday, according to two US officials — a major escalation on the 1,000th day of war. • The US has also approved sending anti-personnel mines to Ukraine for the first time, according to two US officials — another major policy shift.
Persons: Vladimir Putin, , Locations: Ukraine’s, Kyiv, Russia, Moscow, Ukraine, American, Russian
AdvertisementRussia's central bank has been hiking its key interest rate to combat inflation. Business leaders have slammed Russia's increasing interest rate, saying it restricted their growth. Russia's top central banker, Elvira Nabiullina, told the government yesterday that the country is approaching a "turning point" for inflation and interest rates, Moscow-based RBC Group reported. Last month, to tame prices, Russia's central bank hiked its key interest rate to a record high of 21%. He also downgraded Russia's fixed capital investment growth from 1.9% to 1%, blaming the central bank's key rate.
Persons: Elvira Nabiullina, Nabiullina, Andrei Klepach, Alexander Shokhin Organizations: Business, RBC Group, State Duma, Industrialists Locations: Moscow, Ukraine, Russia, Russian Union
CNN —Investigators are trying to crack the mystery of how two undersea internet cables in the Baltic Sea were cut within hours of each other, with European officials saying they believe the disruption was an act of sabotage and US officials suggesting it was likely an accident. The two cables – the BCS East-West connecting Lithuanian and Sweden and the C-Lion1 linking Finland with Germany – were suddenly disrupted on Sunday and Monday. And the disruption to the cables came just weeks after the US warned that Moscow was likely to target critical undersea infrastructure. Instead, the two officials told CNN they believed it likely caused by an anchor drag from a passing vessel. The Chinese-flagged ship Yi Peng 3 was spotted in the area around the times the two cables were cut.
Persons: Germany –, Boris Pistorius, , , Yi Peng, Lin Jian, China “ Organizations: CNN —, BCS, Germany’s, Europe, CNN, Wednesday, Swedish, Administration, Finnish National Bureau of Investigation, Danish Armed Forces Locations: Baltic, Lithuanian, Sweden, Finland, Germany, Russia, Moscow, particuar, Ust, Luga, Yi, China
Bitcoin pushed to a fresh all-time peak above $94,000, carried by expectations for a friendlier regulator environment for cryptocurrencies under Trump. "The 'Trump Trade' that boosted the greenback is facing challenges from Trump's controversial cabinet nominations and the escalation in the Russian-Ukraine war," DBS strategists wrote in a client note. Traders continue to pare back expectations for an interest-rate cut at the Fed's next meeting in December. The dollar added 0.9% to 154.84 yen after falling sharply to 153.28 on Tuesday following the Russia news. The euro held steady at $1.0598 , having recovered from a drop to $1.0524 in the previous session.
Persons: Donald Trump's, Bitcoin, Trump, Howard Lutnick, Trump's, pare, CME's, Jerome Powell Organizations: U.S, Moscow, Trump, Treasury, Wall Street, Commerce Department, Trump Trade, DBS, Traders, Financial Times Locations: Russian, Ukraine, Russia
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