Page 8 - Russia Ukraine Conflict

US, development banks unveil plan to ease food crisis caused by Ukraine war

Ahead of the G7 finance ministers' meetings, the global development banks and other groups unveiled a multi-billion dollar plan meant to address food security crisis exacerbated by Russia's war

European Union rushes out $300 billion roadmap to ditch Russian energy

The EU's executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin's war in Ukraine, proposing a nearly 300 billion-euro ($315 billion)

India better placed to face global challenges and uncertainties: CEA

Chief Economic Adviser V Anantha Nageswaran on Wednesday said amid global uncertainties caused by the ongoing Russia-Ukraine war, India is still better placed among the large economies

Sensex snaps 2-day gaining streak, slips 110 pts; Ruchi Soya leaps 10%

CLOSING BELL: Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 per cent and 1.6 per cent on the NSE

Nearly 1,000 Ukrainian fighters left Mariupol plant, says Russia

The Russian Defence Ministry says that nearly 1,000 Ukrainian troops holed up in their last stronghold in Mariupol have handed themselves over.

Europe's push to cut Russian gas imports faces a race against winter

While Europeans bask in the warmth of spring, governments are in a race against winter.

Finland, Sweden apply to join NATO amid Russia's invasion of Ukraine

Sweden and Finland were both neutral throughout the Cold War, and their decision to join NATO is one of the most significant changes in Europe's security architecture for decades

S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war

S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. In its Global Macro Update to Growth Forecasts, S&P said inflation remaining higher for long is a worry, which requires central banks to raise rates more than what is currently priced in, risking a harder landing, including a larger hit to output and employment. S&P had in December last year pegged India's GDP growth in the 2022-23 fiscal, which began on April 1, 2022, at 7.8 per cent. The growth projection has been cut to 7.3 per cent for the current fiscal. For the next fiscal the growth has been pegged at 6.5 per cent. "The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside," ..

Ukraine hopes to swap steel mill fighters for Russian prisoners of war

Ukrainian fighters extracted from the last bastion of resistance in Mariupol were taken to a former penal colony in enemy-controlled territory

Ukraine's soccer team beats Italian club Empoli in friendly match

Wearing a message of United for Ukraine on their shirts, Ukraine's national soccer team won its second straight friendly match by beating Italian Serie A club Empoli 3-1.

Russia, Ukraine say peace talks on hold as process mired in stalemate

Russian and Ukrainian officials have said that negotiations on a solution to the ongoing war have been suspended as the process is mired in a stalemate.

Russia forecasts 7.8% GDP contraction in 2022; unemployment rate at 6.7%

The Russian Ministry of Economic Development said that it expected the country's gross domestic product (GDP) to decease by 7.8 per cent year on year in 2022.

US readying an arms-aid package to wean India away from Russian weapons

The effort is part of a much larger initiative by Joe Biden's administration to court India as a long-term security partner, despite its reluctance to criticize Russia for its invasion of Ukraine

Fall of Mariupol to Russia appears at hand; fighters leave steel plant

Mariupol appeared on the verge of falling to the Russians on Tuesday as Ukraine moved to abandon the steel plant where hundreds of its fighters had held out for months

Canada issues ban on entry for Putin, nearly 1000 Russian nationals

Canada has announced a ban on entry for Russian President Vladimir Putin and some 1,000 Russian nationals over the conflict in Ukraine, Minister of Public Safety Marco Mendicino said

China convergence growing with Middle East amid Russia-Ukraine war

Motivated by a shared frustration with the United States, China stands to gain from a growing convergence of views, including the stand on Ukraine

Australia imposes new sanctions on Russian journalists, officials

The list of people sanctioned includes Rossiya Segodnya International Information Agency Director General Dmitry Kiselev, FSB First Deputy Director Sergey Korolyov

World's food baskets need a better safety net as India curbs wheat exports

The world had been counting on Indian grain after the war in Ukraine, drought in Argentina and floods in Australia cut production from those countries

Ukraine conflict: Germany pushes towards energy independence from Russia

The German government's new plan seeks to encourage all segments of society to use energy more efficiently in order to reduce the country's dependence on Russian fossil fuels by next winter.

Ukrainian PM Zelenskyy opens Cannes Film Festival, links war and cinema

The 75th Cannes Film Festival kicked off Tuesday with an eye turned to Russia's war in Ukraine and a live satellite video address from Ukrainian President Volodymyr Zelenskyy