MOSCOW—Russia’s Wagner group has started withdrawing its forces from the Ukrainian city of Bakhmut and transferring its positions there to regular Russian troops, its founder Yevgeny Prigozhin said in a video published on Thursday. “We are withdrawing the units from Bakhmut. From today at five in the morning, May 25 until June 1, most of…
Russia’s Prigozhin Claims Capture of Bakhmut, Ukraine Claims Fighting Goes On
Yevgeny Prigozhin said on Saturday his Wagner fighters had completed the capture of Bakhmut, but Ukraine rejected the claim and said fighting was still going on. Prigozhin made the claim in a video in which he appeared in combat fatigues in front of a line of fighters holding Russian flags and Wagner banners. “Today, at…
JPMorgan CEO Proposes Solution to the Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
JPMorgan CEO Proposes Solution to Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
Regulators Will Need to Intervene in Banking Crisis, JPMorgan CEO Says
JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…
Russia Says Black Sea Grain Deal May Be Nearly Over
April 15, 2023
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MOSCOW—Russia on Thursday said there would be no extension of the UN-brokered Black Sea grain deal beyond May 18 unless the West removed a series of obstacles to the export of Russian grain and fertilizer. The Ukraine grain Black Sea export deal was brokered by the United Nations and Turkey in July last year to…
Top Economist Warns Regulators Face ‘Mission Impossible’ Amid Inflation, Recession Risks
Economist and New York University professor Nouriel Roubini, often referred to as “Doctor Doom” for his pessimistic economic forecasts, said the Federal Reserve is facing “Mission Impossible” as inflation remains persistent and fissures appear in the banking sector. Speaking at Semafor’s World Economy Summit on Wednesday, Roubini expressed concerns about the fragility of the banking…
Ukraine Claims Russian Forces Using ‘Scorched Earth’ Tactics in Battle for Bakhmut
KYIV—Russian forces are pressing attacks in Ukraine’s eastern Donetsk region, focusing on two cities and pounding Ukrainian positions with air strikes and artillery barrages, Kyiv said on Monday. The commander of Ukraine’s ground forces said the Russians were destroying buildings and positions in besieged Bakhmut in what he called “scorched earth” tactics. Russia’s assault on…
EU Leaders Head to China for Delicate Talks on Ukraine, Trade
April 4, 2023
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BEIJING—European Union executive head Ursula von der Leyen and French President Emmanuel Macron are to land in China on Wednesday seeking to “reset” ties with an important economic partner while broaching thorny issues like Ukraine and trade risks. Macron last visited China in 2019 while it will be von der Leyen’s first trip since becoming…
Ukraine Claimes Its Forces Fight on in Bakhmut Despite Russian Claim to Have Taken It
KYIV—Ukraine’s military claimed its troops were locked in combat with Russian forces around the administration building of Bakhmut on Monday, and it poured scorn on Russian claims that Russians had captured the eastern city after months of warfare. In Moscow, the Kremlin accused Ukraine of being behind a bomb blast at a cafe in St…
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