Biden and Putin’s Ukraine crisis gets personal as the U.S. tries to deter Russian invasion
The U.S. has sent a clear message that Russia, its key personnel and economic sectors as well as its leader Vladimir Putin, could face crippling sanctions.
Financial News
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
The International Monetary Fund has downgraded its global growth forecast for 2022 as rising Covid cases, supply chain disruptions and inflation hamper the economy.
$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows
Bitcoin and ether are off more than 50% from their all-time highs and trading at their lowest levels since July.
Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%
The price of bitcoin fell below $39,000 on Friday.
Markets are expected to remain on edge as the Fed meets in the week ahead
The Federal Reserve’s meeting trumps everything else for markets in the week ahead, as investors await any new clues on its plans to raise interest rates.
IMF chief says Fed rate hike could ‘throw cold water’ on global recovery
The IMF expects the global economic recovery to continue, Kristalina Georgieva said, but stressed that it was “losing some momentum.”
Antibiotic-resistant infections are a ‘major global health threat’ that’s killing millions, scientists say
A huge new global study found that drug-resistant bacterial infections played a part in almost 5 million deaths in 2019.
With Ukraine-Russia tensions so high, ‘staying silent is not a sensible option,’ Germany says
German Chancellor Olaf Scholz said “borders must not be moved by force” in Europe.
Goldman shares drop after earnings miss estimates on surging expenses, equities trading slowdown
Amid rising rates and slowing markets, how will CEO David Solomon navigate the next phase?
Credit Suisse needs to salvage reputation after chairman quits in latest scandal, analysts say
In the latest of a series of high-profile scandals, Credit Suisse Chairman Antonio Horta-Osorio has resigned after violating Covid-19 quarantine rules.