International Economic
OPEC+ to boost output as planned, says geopolitics behind price surge
The Organisation of Petroleum Exporting Countries and its non-member allies approved a further increase in their combined production and said that the recent oil price surge was not the result of market fundamentals but of "geopolitical developments".
Russia ready to hold further talks with Ukraine
Russian officials said that they were ready to hold further talks with Ukraine but that it remained to be seen if Ukrainian officials would show up.
Fed's Powell says first interest rate hike likely at March meeting
The US central bank will likely go ahead and begin to tighten policy when it next meets, despite the "high uncertainty" around the war in Ukraine.
US private sector payroll growth jumps past forecasts in February
US job growth was more robust than expected last month, even as smaller sized firms shed workers, the results of a closely-followed survey revealed.
Apple, Airbus join growing list of firms cutting ties with Russia
The list of companies cutting ties with the Russian regime grew on Wednesday, with Apple, Airbus, Boeing and Exxon all responding to Moscow’s unprovoked invasion of Ukraine.
Oil prices surge as supply fears mount
Oil prices hit fresh highs on Wednesday, as the economic sanctions imposed on Russia started to bite and markets grew increasingly concerned about depleted supplies.
Euro area CPI jumps past forecasts again in February
The cost of living in the Eurozone accelerated more sharply than expected last month amid the ongoing surge in energy prices.
Centrica to exit gas supply agreements with Russian counterparts, including Gazprom
UK energy outfit Centrica announced that it would exit its gas supply agreements with its Russian counterparts, mainly gas giant Gazprom.
"If the U.S. sees that Russians are using Bitcoin to avoid sanctions, it may ban it."
Bitcoin maintains its price rally on Wednesday amid the Russia-Ukraine war conflict and evidence that both countries are using cryptoassets for various purposes related to the Russian attack and international sanctions. Bitcoin trading in rubles and hryvnas is at record highs as experts warn that electronic assets may provide a safe haven for Russians.