The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine.
Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment.
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.
Negotiations on new rules for dealing with pandemics will begin at the World Health Organization on Thursday, with a target date of May 2024 for a treaty to be adopted by the U.N. health agency’s 194 member countries.
The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters.
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, according to a Reuters poll of around 120 equity market analysts and brokers around the world.
Global stocks broke a four-day slide on Wednesday and demand for safe-haven assets waned, with investors waiting to see Russian President Vladimir Putin’s next move after he sent troops into separatist regions of Ukraine.
The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities.
The U.S. nuclear power industry is lobbying the White House to allow uranium imports from Russia to continue despite the escalating conflict in Ukraine, with cheap supplies of the fuel seen as key to keeping American electricity prices low, according to two sources familiar with the matter.
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine.
Russia’s invasion of Ukraine and how the world reacts could have wide-ranging repercussions for the European economy, from rising energy and food prices to economic sanctions that hit trade and investment.
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.
Negotiations on new rules for dealing with pandemics will begin at the World Health Organization on Thursday, with a target date of May 2024 for a treaty to be adopted by the U.N. health agency’s 194 member countries.
The European Central Bank should continue its bond-buying stimulus programme at least until the end of the year and keep it open-ended to cushion the fallout from any conflict in Ukraine, ECB policymaker Yannis Stournaras told Reuters.
The European Union is unlikely at this stage to take steps to cut Russia off from the SWIFT global interbank payments system as it works on a new package of sanctions against Moscow for its action against Ukraine, several EU sources said.
Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, according to a Reuters poll of around 120 equity market analysts and brokers around the world.
Global stocks broke a four-day slide on Wednesday and demand for safe-haven assets waned, with investors waiting to see Russian President Vladimir Putin’s next move after he sent troops into separatist regions of Ukraine.
The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities.
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