Japanese automaker Nissan said Tuesday that it would sell its assets in Russia to a state-owned company, joining dozens of other global companies in exiting the country over its ongoing invasion of Ukraine. Nissan will sell its local operations, including its manufacturing and research facilities in St. Petersburg and sales center in Moscow, to NAMI,…
Japan’s Nissan Exits Russian Market, Selling Assets for Less Than $1
India’s Modi Tells Putin Now ‘Is Not the Era of Wars’
September 17, 2022
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India’s Prime Minister Narendra Modi told Russian President Vladimir Putin that now was not the time for war, with nations worldwide facing food and fuel security threats amid the ongoing Russia-Ukraine war and the coronavirus pandemic. Modi made the remarks to Putin on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Uzbekistan on…
Poland to Bolster Defenses With Purchase of South Korean Armaments
Poland will sign a contract with South Korea to acquire tanks, howitzers, and fighter jets as Warsaw seeks to bolster its military defenses amid the ongoing Russia–Ukraine war, said Polish Defense Minister Mariusz Blaszczak in a July 22 interview with Polish news magazine Sieci. Poland is finalizing negotiations with South Korea to buy 48 FA-50 light…
Over 60 Percent of Americans Blame Biden Administration for Red-Hot Inflation
July 20, 2022
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A majority of Americans, 61 percent, blame the Biden administration for soaring inflation, which is currently at a 40-year-high, according to a new survey published by WalletHub on July 20. The survey was conducted online from July 4 to July 8 to gauge what people know about the interest-rate increases by the Federal Reserve (Fed) and how they impact consumers’…
G20 Finance Meeting Kicks Off With Ukraine War, Inflation in Focus
July 15, 2022
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The third meeting of the G20 finance ministers and central bank governors took place on the Indonesian island of Bali on Friday, with the economic fallout of the Russia–Ukraine war being the major focus. In her opening remarks, Indonesian Finance Minister Sri Mulyani Indrawati called on the G20, the world’s top economies, to reach a…
US Envoy Urges China to ‘Stop Telling Russia’s Lies’
The U.S. ambassador to China on July 4 criticized the Chinese foreign ministry for spreading “Russian propaganda” and disinformation, denying Beijing’s assertion that the North Atlantic Treaty Organization (NATO) instigated the Russia–Ukraine war. Speaking at the World Peace Forum in Beijing, U.S. Ambassador Nicholas Burns called the Russian war against Ukraine “the greatest threat to…
Brent Crude Oil Could Reach $150 per Barrel If Russian Exports Are Sanctioned: Bank of America
There are major concerns over the tightening supply situation in the global crude oil market, as the global oil benchmark Brent crude nears a two-month high. Brent crude could rise past $150 a barrel if there is a sharp cut in Russian oil exports, according to Bank of America’s (BOA) Global Research report on May…
Los Angeles to Donate Surplus LAPD Ballistic Helmets, Vests to Ukraine
May 20, 2022
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LOS ANGELES—The Los Angeles City Council on May 20 approved the donation of surplus police department ballistic helmets and vests to a foundation that will deliver the equipment to Ukraine for its army to use in defense against Russia. The 526 helmets and 378 vests will be donated to the First-In Fire Foundation, which will…
Natural Gas Prices In Europe Rise After Ukraine Cuts Russian Pipeline Supply
May 12, 2022
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Natural gas prices in Europe jumped after Ukraine’s state-owned pipelined operator cut the flow of Russian gas at the Sokhranivka entry point on the border between the Luhansk region of Donbas on May 11. Ukraine’s Gas TSO announced the previous day, that due to the lack of physical control of its pipeline in Russian-controlled areas…
Japan and US to Deepen Cooperation in Semiconductors, Energy Security
May 6, 2022
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Japan and the United States agreed Wednesday to deepen cooperation in semiconductor supply chains and energy security amid the global supply constraints fueled by the ongoing Russia–Ukraine war. Japan’s Industry Minister Hagiuda Koichi met with U.S. Commerce Secretary Gina Raimondo in Washington on Wednesday to discuss Japan–U.S. partnership in semiconductors, export controls, digital economy, as…
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