The European Union common currency, the Euro sank to a two-decade low of US$0.9810 on Thursday. It came after Russian President Vladimir Putin ordered the partial mobilization of reservists in an escalation of the war in Ukraine and after the Federal Reserve implemented a 75 basis points increase to the interest rate.
Over 1,000 Russian protesters have been arrested after they took to the streets in response to Vladimir Putin's announcement regarding a partial military mobilization involving some 300,000 reserve soldiers for the offensive in Ukraine.
Germany is to nationalize gas giant Uniper to secure energy supplies amid the war in Ukraine. The deal will see the German government take on a 98.5% stake in the firm at a cost of €8.5bn (£7.4bn).
Moscow and Kyiv carried out Wednesday an unexpected swap of prisoners of war (POWs) with 215 Russian and 55 Ukrainian prisoners released, it was reported.
US President Joseph Biden said during his appearance Wednesday at the United Nations General Assembly (UNGA) that Russian leader Vladimir Putin's attitudes challenged Ukraine's very right to exist.
Iran is reportedly gearing up to slash the price of its sanctioned crude oil stored offshore Singapore, in an attempt to recover the China market from Russia, reports The Straits Times quoting local industry sources.
World military spending continued to grow in 2021, reaching an all-time high of US$ 2.1 trillion. This was the seventh consecutive year that spending increased, according to the latest data on military spending published by the Stockholm International Peace Research Institute (SIPRI).
United Nations Secretary-General Antonio Guterres Wednesday discussed the issue of fertilizers and food exports with Russian President Vladimir Putin, it was reported.
A former top US State Department official Tuesday said Russia could use nuclear weapons in Ukraine after sustaining some heavy losses over the past day or two in its war with Ukraine.
A Russian female spy posing as a socialite allegedly born in Peru had infiltrated a NATO base in Italy for years, it was reported Friday.