Luxury-brand owners are closing stores and suspending business in Russia … Vanguard won’t restrict its fund managers’ investment decisions, though it said it will comply with Russia sanctions … And Britain blocked Russian companies from its multi-billion dollar aviation and space insurance market
- EuropeUkraine decries 'immoral' stunt after Moscow says it will let civilians flee — to Russia, article with video
Russia announced new "humanitarian corridors" on Monday to transport Ukrainians trapped under its bombardment - to Russia itself and its ally Belarus, a move immediately denounced by Kyiv as an immoral stunt.
- FinanceAnalysis: Confusion, but not panic, reigns in global finance in Russia’s wake
Western allies’ sanctions against Russia have started to blow back in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, such fires have been precursors to financial crises.
- European MarketsMorning Bid: Oil shock, article with image
A look at the day ahead in markets from Dhara Ranasinghe.
- DisruptedAnalysis: Ukraine invasion sets back Musk's dream for cheaper EVs, for now
Surging raw materials costs, made worse by Russia's invasion of Ukraine, could set back the dream of Tesla Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles.
Pictures
Ukraine Insight
Talking Points
- BusinessPalladium charges to all-time high on Ukraine, gold tests $2,000/oz
Palladium shot up to an all-time high as Russia's invasion of Ukraine and resultant sanctions stoked fear of scarcity, while gold tested the psychological $2,000 mark in response to demand for safe-haven assets.