According to the Australian Competition and Consumer Commission, the price of gasoline in Australia has risen to its highest level in eight years as a result of Russia's special operation in Ukraine and other factors (ACCC). The commission said in a statement that "Russia's invasion of Ukraine and...

Next week, the price that Russia will be paying for its invasion of Ukraine will become further evident, with a hitherto inconceivable sovereign default approaching, additional emergency central bank measures expected, and a stock market fall assured if the market reopens.   The West...

Ukraine's two largest neon producers, which manufacture over half of the world's supply of the critical component for chip manufacturing, have ceased operations as Moscow intensifies its pressure on the nation, threatening to boost costs and exacerbate the semiconductor shortage.   According...

Leaders of the European Union will announce on Friday that they aim to reduce their reliance on global suppliers of food, microprocessors, pharmaceuticals, raw resources, and digital technologies, as Russia's invasion of Ukraine has provided yet another reason for the EU to become more...

Annual inflation in the U.S. in February reached 7.9%. This is the highest in the last 40 years - since January 1982. Annual inflation in the U.S. reached 7.9 percent in February 2022, according to data released Thursday by the nation's Labor Department. This is the highest since January 1982,...

The U.S. House of Representatives has approved a $1.5 trillion bill to fund the federal government through fiscal year 2022, including $13.6 billion in military and humanitarian aid to Ukraine. Following the vote, the document goes to the Senate for approval, after which it will go to U.S....

Hopes for lower energy costs have faded due to events in Ukraine, jeopardizing viability of many industrial operations, according to a joint statement from European industrial energy consumers, including cement, steel and metals associations. "European industrial energy consumers are calling for...

While prices of crude oil rose further on Wednesday, Asian equities sank as investors tried to work out the implications of the intensifying war in Ukraine and a new ban on Russian oil by the United States.   Since Russia's invasion of Ukraine on February 24, the price of a barrel of...

Those developing economies that are large net importers of oil such as China, Indonesia, South Africa, and Turkey will face a potential loss of 1 per cent in their gross domestic product for the current year because of continued high prices of oil driven by the Russian invasion of Ukraine, warned...