Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War
Posted inBanking and Financial Institutions Central Bank of Russia Currency Economic Conditions and Trends Embargoes and Sanctions Inflation (Economics) Interest Rates International Trade and World Market Nabiullina, Elvira S Politics and Government Prices (Fares, Fees and Rates) Putin, Vladimir V Ruble (Currency) Russia Russian Invasion of Ukraine (2022) Ukraine

Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War

With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.
Saudi Arabia to Extend Oil Production Cut by a Month
Posted inChina Economic Conditions and Trends Embargoes and Sanctions International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) Saudi Arabia Stockpiling United States

Saudi Arabia to Extend Oil Production Cut by a Month

The kingdom said its move to reduce oil production by one million barrels a day would continue through September.
Russia Halts Participation in Ukraine Grain Deal
Posted inBlack Sea Embargoes and Sanctions European Commission Grain International Relations International Trade and World Market JPMorgan Chase & Company Putin, Vladimir V Russia Russian Invasion of Ukraine (2022) Security Council (UN) SWIFT(Society for Worldwide Interbank Financial Telecommunication) Turkey Ukraine United Nations

Russia Halts Participation in Ukraine Grain Deal

Moscow, which has repeatedly complained that the U.N.-brokered agreement is one-sided in Ukraine’s favor, said it could return to the deal if its demands were met.
F.B.I. Searched the Home of Kraken’s Jesse Powell
Posted inBrentwood (Calif) Computers and the Internet Cyberattacks and Hackers Embargoes and Sanctions Federal Bureau of Investigation Kraken (Payward Inc) Nonprofit Organizations Powell, Jesse (Cryptocurrency Executive) Search and Seizure Securities and Commodities Violations Securities and Exchange Commission U.S. Attorneys Office for the Northern District of California Verge Center for the Arts Virtual Currency

F.B.I. Searched the Home of Kraken’s Jesse Powell

Federal agents were investigating Jesse Powell, the founder of the crypto exchange Kraken, over claims that he hacked and cyber-stalked a nonprofit arts group.