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☆ European markets head for muted, mixed open ahead of more earnings reports
▼ + stars: | 2024-05-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. The Dow Jones Industrial Average had its fourth consecutive winning session on Monday, and the S&P 500 also climbed for the past four days. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. CNBC Pro screened FactSet for stocks from four exchange-traded funds. — Weizhen Tan

Persons: Weizhen Tan Organizations: Dow Jones, Tech, CNBC Locations: China

☆ Ukraine war live updates: Russians inflict 'massive attack' on Ukraine's energy network, leaving power plants damaged
▼ + stars: | 2024-05-08 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia used more than 50 missiles and 20 drones to attack Ukraine's infrastructure overnight, Ukraine's President Volodymyr Zelenskyy said Wednesday morning, with the country's energy network suffering a "massive attack." "The enemy does not abandon plans to deprive Ukrainians of light. Again a massive attack on our energy!" Ukraine's Energy Minister German Galushchenko said on Facebook Wednesday. Power plants and transmission facilities were attacked in a number of regions, he said, including the southern Zaporizhzhia region and Vinnytsia and Lviv in central and western Ukraine.

Persons: Volodymyr Zelenskyy, German Galushchenko Organizations: Ukraine's Energy, German, Facebook Locations: Russia, Vinnytsia, Lviv, Ukraine

☆ Ukraine war live updates: Putin to be sworn in for the fifth time ahead of government reshuffle; West boycotts inauguration
▼ + stars: | 2024-05-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin (C) and Presidential Regiment's officers seen during an awards ceremony at the Grand Kremlin Palace on June 12, 2023 in Moscow, Russia. Vladimir Putin is set to be sworn in as Russia's president for the fifth time in his political career. Putin's allies heaped praise on the strongman leader ahead of the inauguration ceremony in the Kremlin on Tuesday, saying society is consolidated around the president, who first took office 24 years ago. The Russian government will resign after the ceremony and a reshuffle will take place in the next few days and weeks. Western nations are boycotting the ceremony in light of Russia's ongoing invasion of Ukraine, with the U.S. and U.K. among those refusing to send diplomats to the inauguration.

Persons: Vladimir Putin, Putin's, — Organizations: Presidential, U.S Locations: Moscow, Russia, Kremlin, Russian, Ukraine

☆ European stocks set to open higher, reflecting wider optimism in global markets
▼ + stars: | 2024-05-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive start to trading Tuesday as traders look ahead to a busy day of earnings reports in the region. BP, S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell and Unicredit are among the companies reporting earnings Tuesday. Overnight, U.S. stock futures flickered near the flatline Monday evening after the Dow Jones Industrial Average wrapped its fourth positive day in a row. Asia-Pacific markets climbed overnight, extending gains from the previous session and buoyed by gains on Wall Street.

Organizations: S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell, Dow Jones Locations: Asia, Pacific

Banks jumped 0.8%, while oil and gas stocks retreated 1%. European stocks opened mixed on Thursday as global markets react to the U.S. Federal Reserve's latest monetary policy decision and a slew of corporate earnings. Federal Reserve Chair Jerome Powell said it was unlikely that the central bank's next move will be a rate hike. Asia-Pacific markets were mostly higher overnight as traders reacted to the Fed's stance, while U.S. stock futures advanced as investors looked ahead to more corporate earnings due Thursday. Dutch bank ING was 5% higher in early deals after announcing a 2.5 billion euro ($2.7 billion) share buyback.

Persons: Banks, Jerome Powell, It's, Vestas, Hugo Boss Organizations: U.S, U.S . Federal, Dow, region's, Novo Nordisk, Shell, ING, AXA, ArcelorMittal Locations: London, U.S ., Asia, Pacific, Europe

☆ U.S. accuses Russia of using chemical weapons in Ukraine, in breach of global ban
▼ + stars: | 2024-05-02 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Servicemen of the National Guard of Ukraine undergo training to storm enemy trenches using simulation equipment as the war between Russia and Ukraine continues in Kharkiv Region, Ukraine on February 29, 2024. The U.S. has formally accused Russia of using chemical weapons against Ukrainian troops and announced late Wednesday that it is imposing more sanctions on Russian individuals and entities. The U.S. State Department released a statement late Wednesday in which it accused Russia of violating the Chemical Weapons Convention (CWC), which bans the production and use of chemical weapons, by using the choking agent chloropicrin against Ukrainian forces. Chloropicrin was used as a poison gas in World War I but is now more commonly used in agriculture as an insecticide. "When inhaled, these agents cause alveoli, air sacs in the lungs, to secrete fluid, essentially drowning those affected," the Organisation for the Prohibition of Chemical Weapons states.

Persons: Chloropicrin Organizations: National Guard, Ukrainian, U.S . State Department, Chemical Weapons Convention, CWC, Russian, Chemical Weapons Locations: Ukraine, Russia, Kharkiv Region, U.S

☆ Trade in Europe expected to be thinner on public holiday but Fed rate decision looms
▼ + stars: | 2024-05-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Light trading volumes are expected in Europe on Wednesday, with only London's FTSE index open, due to the May Day/Labor Day public holiday in the region. Nonetheless, global markets are focused on the U.S. Federal Reserve's latest interest rate announcement after the central bank's monetary policy committee concludes a two-day meeting later on Wednesday. The latest interest rate decision follows another hotter-than-expected U.S. inflation reading last Friday. S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. In the Asia-Pacific region overnight, Australian and Japanese markets fell as investors braced for the Fed's rate decision.

Persons: Jerome Powell Organizations: Labor, U.S, U.S . Federal Locations: Europe, U.S ., Asia, Pacific

☆ Ukraine war live updates: Moscow wants weapons, forces beefed up ahead of offensive; Russian focus appears to shift in Donetsk
▼ + stars: | 2024-05-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russian forces appear to be shifting their operational focus on to Chasiv Yar in the northern area of Donetsk, in eastern Ukraine. Russia did not make any confirmed advances in the Avdiivka area for the first time in several days on Tuesday, analysts at the Institute for the Study of War noted, while Ukrainian sources reported that Russian forces conducted several more attacks in the Bakhmut-Chasiv Yar direction in recent days than around Avdiivka, in central Donetsk. "The Ukrainian General Staff's reports on Tuesday stated that Ukrainian forces had repelled a total of 47 Russian attacks in the Avdiivka direction and 57 Russian attacks in the Bakhmut direction throughout the day, notably a much higher number of attacks in the Chasiv Yar direction than Ukrainian sources have recently reported," the Institute for the Study of War noted Tuesday. "One day's worth of reporting is not sufficient to establish a pattern, but it may suggest that Russian forces are somewhat slowing down the rate of attacks around Avdiivka while re-committing to offensive pushes around Chasiv Yar, as ISW recently forecasted they would," ISW analysts said.

Persons: Chasiv Yar, Staff's Organizations: Institute for, for Locations: Donetsk, Ukraine, Russia, Avdiivka

☆ European markets head for lackluster open ahead of euro zone inflation, GDP data
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a lackluster open Tuesday ahead of a busy day of earnings and major data releases in the region. Preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area are due Tuesday, while earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread, among others. Overnight, Asia-Pacific markets largely rose on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers' index for April. Meanwhile, U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision on Wednesday, and a jobs report. The central bank is broadly anticipated to keep interest rates steady, but traders will be looking to see if Fed Chair Jerome Powell's post-meeting comments are more hawkish after the recent spate of hotter inflation reports.

Persons: Jerome Powell's Organizations: AF, KLM, Stellantis, VW, Lufthansa, HSBC, Glencore, Whitbread Locations: Santander, Caixabank, OMV, Asia, Pacific, China

☆ Ukraine war live updates: Odesa reels from deadly missile attack; 98-year-old walks miles under fire to escape advancing Russians
▼ + stars: | 2024-04-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russia has targeted the northeastern Ukrainian city of Kharkiv in a missile strike, local officials said Tuesday. Oleh Synehubov, the head of the Kharkiv regional state administration, said on Telegram that two people were killed and six were injured in the strike. "The occupiers hit the city of Kharkiv with two anti-aircraft guns [anti-aircraft guided missiles], the hits to the ground were recorded in the Kyiv district. In one of the residential buildings, the facade and glazing of the windows of the building were damaged," Synehubov said. It's widely believed that Russian forces are aiming to recapture the city of Kharkiv in their forthcoming summer offensive.

Persons: Oleh Synehubov, Synehubov, Ihor Terekhov, Sergei Lavrov, — Holly Ellyatt Organizations: Kharkiv, Russia's Locations: Russia, Ukrainian, Kharkiv, Kyiv, Kholodnohirsky, Moscow

☆ European markets head for higher open as traders look ahead to Fed meeting
▼ + stars: | 2024-04-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive open Monday as investors look ahead to more central bank decisions, earnings and data this week. The U.S. Federal Reserve's latest interest rate announcement will come Wednesday, and follows another hotter-than-expected U.S. inflation reading last Friday. The central bank is widely anticipated to keep the borrowing cost unchanged, but investors will still closely monitor the post-announcement press conference with Chair Jerome Powell. S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Overnight, the Japanese yen weakened to 160 against the U.S. dollar as stocks in Asia-Pacific markets climbed.

Persons: Jerome Powell Organizations: U.S, Federal Locations: Asia, Pacific

☆ Ukraine war live updates: Ukraine pulls back forces in east as front line situation worsens; Kyiv desperately awaits U.S. weapon supplies
▼ + stars: | 2024-04-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A serviceman of the battalion of unmanned attack air systems "Achilles" of the 92nd Separate Assault Brigade prepares the "Vampir" night drone for the operation at a front-line position near the town of Chasiv Yar, Donetsk region, on April 22, 2024, amid the Russian invasion in Ukraine. Ukrainian forces have been forced to retreat from several villages in eastern Ukraine as Russian forces advanced, the country's army chief said Sunday. "The situation at the front [has] worsened," Ukraine's commander-in-chief, Col. Gen. Oleksandr Syrskyi, said on Telegram. He said the "most difficult situation" was in the areas west of Russian-occupied Maryinka and Avdiivka, a town captured by Russian forces in February and that he had moved his forces "to new frontiers" west of the villages of Berdychi, Semenivka and Novomykhailivka in a bid to prevent casualties. Russia had deployed four brigades in these areas as it launched offensives, Syrskyi said, and while it had achieved some tactical successes, it not yet achieved any "operational advantages."

Persons: Gen, Oleksandr Syrskyi, Syrskyi Organizations: Separate Assault Brigade, Russian Locations: Chasiv Yar, Donetsk, Ukraine, Russian, Berdychi, Russia

☆ Ukraine can keep on fighting Russia — but the 'victory' it wants might be out of reach
▼ + stars: | 2024-04-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

Ukrainian servicemen practice combat drills involving a BMP-1 in Donbas, Ukraine as Russia-Ukraine war continues on March 19, 2024. But, with future aid uncertain, analysts question what "victory" Ukraine could realistically achieve against Russia — a country that has put its industries on a war footing and is able to mobilize hundreds of thousands more men to war. While additional aid allows Ukraine to keep on fighting Russian forces in the short stretch, a "victory" in the near-term is an unlikely prospect. What's more, what "victory" looks like for Ukraine, or its allies, could be a source of friction. This is particularly the case in eastern Ukraine, where it has enjoyed support from pro-Russian separatists for over a decade.

Persons: Teneo, Vladimir Putin, Natalia Kolesnikova, Tursa, Frankness, Oleksandr Musiyenko, Putin Organizations: Anadolu, Getty, Russia —, Afp, Centre for Military, Legal, U.S, CNBC Locations: Donbas, Ukraine, Russia, Kyiv, U.S, Central, Eastern Europe, Ukrainian, Crimea, Red, Moscow, Russian, Sevastopol

☆ European markets set for another upbeat open as positive momentum builds
▼ + stars: | 2024-04-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are set to open in positive territory Wednesday, building on gains seen since the start of the week. Regional stocks closed higher Tuesday, with the U.K.'s FTSE 100 hitting a fresh intraday record high as investors built on upbeat sentiment this week. Europe's markets have been buoyed by gains in Asia and on Wall Street this week, where investors have been keeping a close eye on tech earnings. Overnight, Japan's Nikkei 225 led gains in Asia as markets in the region rose across the board, while S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America.

Organizations: Nikkei Locations: Asia, America

☆ Ukraine war live updates: Relief in Kyiv as Biden set to sign U.S. aid package; Russian official detained on bribe allegations
▼ + stars: | 2024-04-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Russian law enforcement have detained Deputy Defence Minister Timur Ivanov on suspicion of taking bribes, Russia's Investigative Committee said on April 23, 2024. A Russian deputy defense minister in charge of military construction has been detained on Tuesday on suspicion of "large-scale" bribe-taking, in one of the highest-profile corruption cases since Moscow launched its war in Ukraine. A brief statement by the Investigative Committee, Russia's top investigative body, said late on Tuesday that Timur Ivanov had been taken into custody and an investigation into his case was proceeding. Defense Minister Sergei Shoigu had been informed in advance of his detention, he said. Russian news reports also said Ivanov was likely the most senior Russian official to face such charges since Moscow launched its invasion of Ukraine in February 2022.

Persons: Vladimir Putin, Sergei Shoigu, Timur Ivanov, Ivanov, Alexei Navalny, Dmitry Peskov, — Organizations: Sputnik, Russian, Defense, Investigative, Russia's, Corruption Foundation, Kremlin Locations: Russian, Kubinka, Moscow, Ukraine, Ukrainian, Mariupol, Russia

☆ European markets head for higher open, buoyed by rebound on Wall Street
▼ + stars: | 2024-04-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a higher open Tuesday, building on positive momentum in the previous session. Regional markets closed higher Monday, buoyed by a rebound in tech stocks on Wall Street, and the U.K.'s FTSE 100 clocked its fourth daily gain Monday and surpassed its previous record close set on Feb. 20, 2023. U.K. stocks were boosted, while sterling tumbled against the U.S. dollar as investors raised bets on a summer interest rate cut from the Bank of England. Investors in the region are looking ahead to bank earnings this week, and will be keeping an eye on a range of tech earnings stateside, with Tesla reporting during U.S. trading hours Tuesday.

Organizations: U.S, Bank of England, Investors

☆ Ukraine war live updates: Ukraine disputes Russia's claim to have seized another village; Kyiv, Odesa targeted in drone strikes
▼ + stars: | 2024-04-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Kyrylo Budanov, chief of the Main Directorate of Intelligence of Ukraine, speaks during the farewell ceremony for Dmytro Kotsiubailo on Independence Square on March 10, 2023, in Kyiv, Ukraine. They conduct a complex operation ... it will be a difficult period. Mid-May, early June," Budanov told the BBC in an interview conducted on April 19, a day before the U.S. House of Representatives approved a $61 billion aid package for Ukraine. Russian Foreign Minister Sergei Lavrov hinted last Friday that Russian forces would try to seize the city of Kharkiv in northeast Ukraine in a future significant Russian offensive operation. Russia wants to establish a demilitarized so-called "sanitary zone" in the border areas of Ukraine to protect Russia's southwestern regions from attack.

Persons: Kyrylo Budanov, Dmytro Kotsiubailo, Budanov, We've, we'll, Sergei Lavrov, Holly Ellyatt Organizations: Directorate of Intelligence, BBC, . House, CNBC, Russian, Kremlin Locations: Ukraine, Kyiv, Russia, BBC Ukrainian, Kharkiv

☆ Ukraine war live updates: Russia slams $61 billion U.S. aid package, saying it will 'ruin' Ukraine and create more carnage
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine has received a reprieve after the U.S. House of Representatives passed a $61 billion foreign aid package for Kyiv over the weekend. Russia slammed the new funding, saying it fuels global crises. Ukrainian President Volodymyr Zelenskyy thanked U.S. lawmakers saying the bill passed by the House "will keep the war from expanding, save thousands and thousands of lives, and help both of our nations to become stronger." He urged the Senate to pass the bill as quickly as possible. Russia has reacted angrily to the U.S. $61 billion aid package for Ukraine, claiming that it will only lead to more carnage in the conflict.

Persons: it's, Joe Biden, Volodymyr Zelenskyy Organizations: U.S . House, Kyiv, Democratic, U.S, Senate Locations: Ukraine, Russia, Donbas

☆ Ukraine is given a reprieve by the U.S., but faces race against the clock over weapons supplies
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen monitor the situation along the front via drones in the direction of Kreminna, Ukraine as Russia-Ukraine war continues on 31 March 2024. Defense analysts argue that while the funding could help breathe new life and morale into Ukraine's beleaguered military campaign, aid and supplies must be sent to Ukraine immediately. "It's unlikely this will create immediate parity with the Russian volume of fire, but it will help close the gap," Savill said. They point out that further U.S. aid is not guaranteed, particularly given the uncertain outcome of the presidential election later this year. One top U.S. general told Congress earlier in April that Russia was firing five artillery shells for every one fired by Ukrainian forces, and that this disparity could double in the coming weeks.

Persons: it's, Joe Biden, Volodymyr Zelenskyy, Zelenskyy, DANA, Matthew Savill, Savill, tranche, RUSI's Savill, Chasiv Yar, Roman Pilipey, Donald Trump, Timothy Ash, Ash, — Organizations: Anadolu, Getty, Ukraine, Republicans, Democratic, U.S, Senate, Defense, London, Pentagon, Kyiv, Spartan, Afp, Chatham House, RBC BlueBay Asset Management Locations: Kreminna, Ukraine, Russia, U.S, Israel, Taiwan, Ukrainian, Washington, Russian, Czech, Bakhmut, Donetsk Oblast, Roman, British, Chasiv, Donetsk, Eurasia, Western, Luhansk, Ocheretyne, Avdiivka

☆ European stocks set to start the week in positive territory as markets look to regain momentum
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive start to the new trading week Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations. U.S. stock futures pushed higher on Sunday evening as Wall Street looked to find its footing after a steep selloff for tech companies. Meanwhile, Asia-Pacific markets rebounded from Friday's selloff as investors look to fresh data out of China, Japan and South Korea this week. Markets in the region tumbled last Friday after Israel launched a strike on Iran, causing stocks to fall and safe-haven assets to climb.

Persons: Friday's, Israel Locations: East, Asia, Pacific, China, Japan, South Korea, Iran

☆ European markets head for mixed open after Wall Street logs another day of declines
▼ + stars: | 2024-04-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.76, or 3.23%, to $82.60 a barrel. June Brent futures were down $2.87, or 3.19%, at $87.15 a barrel. U.S. oil and the global benchmark are down more than 3.5% for the week. "Theories of Iran-Israel tension disrupting oil supplies have fizzled out," said Manish Raj, managing director of Velandera Energy Partners.

Persons: Brent, Manish Raj, — Spencer Kimball Organizations: The West Texas Intermediate, Velandera Energy Partners Locations: Israel, Iran, The, U.S

☆ Ukraine war live updates: Russia fends off drone, missile and 'balloon' attack; Ukraine says it deserves same support as Israel
▼ + stars: | 2024-04-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

It's been a difficult week for Ukraine's President Volodymyr Zelenskyy as he continues to plead with the country's allies for more military aid, air defenses and backing to help beat Russia. Kyiv has watched how Israel's Western partners actively intervened last Saturday to help to defend the state from a massive Iranian drone and missile strike, with many of the projectiles intercepted by U.S., British, French and Jordanian forces. Although he has to tread a fine line between maintaining their support and goodwill, and campaigning for deeper assistance, Zelenskyy echoed that sentiment when addressing EU leaders Wednesday night. "We are still convincing that we need to protect Europe from ballistic missiles and 'Shaheds' [Iranian-made drones], from cruise missiles and bombs, as it happened in the skies of Israel and other countries in the region. Our Ukrainian sky and the sky of our neighbors deserve the same security," he said.

Persons: It's, Volodymyr Zelenskyy, Zelenskyy, Israel, — Holly Ellyatt Organizations: Russia, U.S, NBC Locations: Jordanian, Ukraine, U.S, Europe, East, Brussels, Israel

☆ European stocks head for positive open despite Fed comments rattling global markets
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are expected to open in positive territory Wednesday, despite global markets being rattled by comments from the head of the U.S. Federal Reserve. Fed Chair Jerome Powell said Tuesday that the central bank needs to see more progress on the inflation front before it's likely to begin cutting rates. He said there had been "a lack of further progress so far this year on returning to our 2% inflation goal." Asia-Pacific markets were mixed after Tuesday's broad selloff, while U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses.

Persons: Jerome Powell Organizations: U.S . Federal Reserve Locations: Asia, Pacific

☆ Ukraine war live updates: Putin gives first comments on Iran attack; Ukraine 'ran out of missiles' to stop power plant destruction
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin has given his first comments on the Iranian attack on Israel, calling on all sides to exercise restraint in order to avoid a major regional confrontation. The Kremlin said Putin and his Iranian counterpart, Ebrahim Raisi, had spoken on the phone Tuesday, discussing Israel’s airstrike on a Iranian diplomatic mission in Damascus and Iran’s "retaliation measures," referring to Tehran's massive drone and missile strike on Israel last Saturday. As the world awaits Israel's reaction to the attack, the Kremlin said "Putin expressed hope that all sides will exercise sensible restraint and will not allow a new round of confrontation that may be fraught with disastrous consequences for the entire region." The Kremlin said that Putin believed that the "unresolved Palestinian-Israeli conflict was the root cause of the current developments in the Middle East." In other news, Ukraine's President Volodymyr Zelenskyy said Ukraine "ran out of missiles" to stop a Russian strike destroying a Ukrainian thermal power plant near the capital Kyiv last week.

Persons: Vladimir Putin, Putin, Ebrahim Raisi, Volodymyr Zelenskyy Organizations: Kremlin, Israel Locations: Israel, Damascus, Ukraine, Russian, Kyiv

☆ Russia is expected to grow faster than all advanced economies this year
▼ + stars: | 2024-04-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesRussia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund. The prediction will be galling for Western nations which have sought to economically isolate and punish Russia for its 2022 invasion of Ukraine. In short, Russia has adapted to a "new normal" as its economy has been put on a war footing. The Washington-based IMF includes the U.S., U.K., the euro area's largest economies, Canada and Japan as advanced economies. "If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down.

Persons: Vladimir Putin, Uralvagonzavod, Ramil Sitdikov, Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Elvira Nabiullina, Andrey Rudakov Organizations: Evraz Consolidated, Siberian Metallurgical, Bloomberg, Getty, International Monetary Fund, U.S, Sputnik, Afp, IMF, TU, CNBC, World Governments, Bank of Russia, Duma Locations: Evraz Consolidated West, Novokuznetsk, Russia, Germany, France, Ukraine, India, China, Russian, Urals, Nizhny Tagil, Washington, Canada, Japan, Europe, Asia, Kazan, Dubai, Soviet Union, Russia's

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