Goldman Sachs analysts now clearly see the increased risk that the United States will enter a recession during the next year, due to the war between Russia and Ukraine. Goldman Sachs noted that the lowering of US GDP expectations, which reflects higher oil prices and other growth factors related to …

Data showed that the British economy recorded in January a recovery that far exceeded expectations from the decline caused by the Coronavirus in late 2021, which will increase the motivation of policymakers in the Bank of England to raise interest rates next week. The National Bureau of Statistics said gross …

European shares rose on Friday, recouping some of Thursday’s losses, which were close to 2%, after a sudden shift by the European Central Bank towards tightening monetary policy, as it said it would stop pumping money into financial markets this summer. The pan-European Stoxx 600 index rose 0.6 percent, after …

Gold fell on Friday, as US Treasury yields rose overnight on data pointing to a sharp rise in inflation, but prices are heading for their second consecutive weekly gain after no progress in talks between Russia and Ukraine. Gold fell in spot transactions 0.6 percent to $ 1984.91 an ounce. …

Japan’s Nikkei average posted its worst weekly performance since late November, as rising inflation in the United States weighed on risk appetite and little progress in talks between the foreign ministers of Ukraine and Russia. The Nikkei closed down 2.05 percent to 25,162.78 points. The benchmark index recorded a weekly …

A group of the world’s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of …

The ruble rebounded in Moscow and foreign exchange markets on Thursday after the first official talks between the foreign ministers of Russia and Ukraine, although the meeting made no progress towards a ceasefire. The currency has lost up to 50 percent of its value against the dollar this year in …

Goldman Sachs said Thursday (Feb. 10) it has suspended its business in Russia, becoming the first major US banking group to leave that country after its war with Ukraine, and increasing pressure on its rivals to follow suit. Operating in Russia has become increasingly difficult for Western financial institutions with …

Alphabet-owned Google’s YouTube and Google Play have suspended all payment services in Russia, including subscriptions, after Western sanctions began posing banking challenges in the country. Google will also temporarily stop ads from advertisers in Russia across its worldwide domains and networks. This comes on top of the company’s recent suspension …

Gold strengthened on Thursday after a sharp decline in the previous session as concerns about the Russia-Ukraine crisis persisted after the lack of progress in talks between the two sides, while also likely to affect important US inflation data. Spot gold rose 0.2 percent to $1,996.09 an ounce, after falling …