Section: Business Insider (USA)
Intense Ukraine shelling traps hundreds of miners
Donetsk (Ukraine) (AFP) – Intense fighting erupted around east Ukraine’s main rebel-held city on Sunday that wrecked a power station and briefly trapped more than 300 coal miners in one of Europe’s largest pits.Repeated rounds of rocket and mortar fire echoed across snow-covered Donetsk on Sunday evening despite a formal truce...
Merkel speaks with Putin, Poroshenko on Ukraine
Berlin (AFP) – Chancellor Angela Merkel spoke with Russian President Vladimir Putin and Ukraine’s Petro Poroshenko on the situation in Ukraine, the German government spokesman said.The separate conversations came ahead of a meeting Monday in Berlin of the Russian, Ukrainian and German foreign ministers.Merkel’s talks concerned...
Russia’s Downgrade Paints A Horrific Picture Of Economic Collapse
Fitch has downgraded Russia’s credit rating and painted a horrific picture of a struggling economy rocked by a collapsing rouble, falling oil prices, high inflation and declining international reserves. The ratings agency cut the country to BBB- from BBB with a negative outlook, meaning further downgrades are possible. But it was the...
Eight killed in Ukraine as peace talk prospects dim
Donetsk (Ukraine) (AFP) – Four Ukrainian soldiers and at least as many civilians died Friday in an upsurge of rocket attacks that came just as prospects for international peace talks on the nine-month crisis dimmed.Local authorities in the rebel stronghold of Donetsk said another nine residents were injured in sporadic clashes that...
The 10 Most Important Things In The World Right Now
Good morning! Here’s what you need to know for Friday. 1. Police are closing in on the Paris terror suspects who have taken a hostage. 2. Officials say Said Kouachi, one of the suspects in the Paris attacks, trained with an al Qaeda affiliate in Yemen. 3. German Chancellor Angela Merkel is hesitant to ease sanctions on Russia, saying on...
The Ukraine Conflict Has Now Displaced One Million People
LONDON (Thomson Reuters Foundation) – More than one million people have been driven from their homes by the conflict in Ukraine, hampering aid efforts and leaving the country on the verge of a humanitarian catastrophe, aid agencies said on Thursday. The number of people uprooted within Ukraine, 610,000, and of refugees who have fled to...
Merkel sets strict terms on easing Russia sanctions
Berlin (AFP) – German Chancellor Angela Merkel set strict terms Thursday for easing EU sanctions on Russia as the 28-nation bloc unlocked new aid to help Ukraine overcome its devastating Kremlin-backed revolt.The announcements came with Europe — teetering on the brink of a new recession — thinking of scaling back steps that both...
Russia’s Migrant Workforce Is Dwindling
Russia’s attractiveness to migrant workers is dwindling. The flow of migrants into Russia has fallen by 70% over the first week of January when compared to the same period last year, reports The Moscow Times. This isn’t completely unexpected because migrant workers are facing two major problems: the ruble’s plunge and increased...
What Are Traders Chatting About Right Now? Surging Stocks… (DIA, SPY, SPX, QQQ)
JonesTrading’s Dave Lutz has what traders are chatting about right now. Good Morning! US Futures are jumping nearly 1% following strong European market action – More hopes that Crude is in a bottoming process helping sentiment, Very Dovish Evans comments overnight (No hikes till ’16 – voter), Ukraine Credit Guarantees from...
Kerry’s year of diplomatic dangers
Washington (AFP) – The trouble with setting ambitious deadlines, especially in the unpredictable world of high-stakes foreign diplomacy, is that you run the risk of very public failure.Last year, top US diplomat John Kerry gave himself and the Obama administration several lofty goals, any of which would have been a ground-breaking...
