The number of people claiming jobless benefits fell by 48.1K in February when compared to -31.9K booked previously. The claimant count rate came in at 4.4% last month vs. 4.6% prior. The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 3.9% in January …

A US Treasury official said on Monday that Russia’s default on its sovereign debt would put Russia’s economy and financial system in further trouble, making it difficult for Moscow to find new lending sources and raising future borrowing costs. The official told Reuters that the Treasury believes that there is …

The World Bank on Monday announced it is making about $200 million in additional funding available to strengthen social services for people in need in Ukraine, on top of the $723 million it approved last week. The financing is part of a $3 billion support package that the World Bank …

The Japanese Ministry of Finance said Tuesday, March 15 that Japan has decided to freeze the assets of 17 new Russian individuals. The ministry added that the targets of the new sanctions include 11 deputies of the Russian State Duma and five members of the family of banker Yuri Kovalchuk, …

Ukrainian President Volodymyr Zelenskyy will address the US Congress at 1300 GMT on Wednesday, March 16, US Senate Majority Leader Chuck Schumer and House Speaker Nancy Pelosi announced in a joint statement on Monday. A Ukrainian negotiator said on Monday that official talks with Russia had been paused until Tuesday, as …

Palladium fell more than ten percent on Monday, snapping most of the gains that had led to record levels during the Ukraine crisis, as supply concerns eased. Gold also fell more than one percent on cautious hopes for progress in peace talks. And palladium, of which Russia is the largest …

Analysts said on Monday that Russia has gradually begun to resume wheat exports from its Black Sea ports, although shipping traffic in the Sea of ​​Azov is still restricted. Russia began invading Ukraine on February 24 in what it describes as a “special military operation”. The price of Russian wheat …

Deutsche Bank said on Friday it was winding down its operations in Russia, a day after its chief financial officer said it was not “practical” to close the unit. The move by Deutsche Bank, Germany’s largest bank by assets, followed the announcements on Thursday that rival investment banks Goldman Sachs …

European shares rose on Monday after investors pinned their hopes on Ukrainian-Russian diplomatic efforts to end the weeks-long war, while Volkswagen rose after its operating profit doubled. The pan-European STOXX 600 index rose 1 percent, extending gains made on Friday after Russian President Vladimir Putin signaled a positive turn in …

Oil prices fell by as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine intensified and markets prepared for a US interest rate hike. Oil prices fell more than 5% on Monday to their lowest levels in nearly two …