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How Economic Warfare Is Battering Russia As the Russian military meets stiff resistance on the ground in Ukraine, the U.S. and its allies are aggressively escalating financial sanctions. The effects on the Russian economy could be devastating, and the global reverberations of the punishments, ...
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Battered rouble puts brakes on slide in Moscow, hits record low outside Russia Feb 28 (Reuters) - The Russian rouble tumbled to a record low in extremely volatile trade on Monday, losing a third of its value so far this year, but an emergency rate hike and other urgent measures adopted by the central bank helped it trim losses.
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ECB should hold off on policy moves until Ukraine clarity: Panetta FRANKFURT, Feb 28 (Reuters) - The European Central Bank should hold off on removing any more stimulus for now as the war in Ukraine raises uncertainty and the bank still needs evidence that inflation will not fall back below target, ECB board member ...
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Markets are turbulent as sanctions start to isolate Russia's economy. Stocks were unsteady on Monday and commodity prices rose as the war in Ukraine entered its fifth day and a widening array of sanctions aimed at punishing Russia for its invasion began to bite. On Wall Street, the S&P 500 fell about 1 percent.
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Toyota stops production in Japan after a possible cyberattack at a supplier. The stoppage followed a problem with computer systems at Kojima Industries, a manufacturer of automotive components, that disrupted the company's ordering systems. The problem first appeared Saturday night, and the company decided to shut down its ...
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A top Estée Lauder executive has been forced out over an offensive Instagram post After more than three decades at one of the world's largest cosmetic companies, Estée Lauder announced it has terminated senior executive John Demsey after he posted a racially offensive meme on Instagram last week. Demsey, who served as the company's ...
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Toyota says to restart all domestic production from Wednesday The automaker's 14 domestic factories were forced to suspend their operations on Tuesday following a cyber attack at one of its suppliers. Register now for FREE unlimited access to Reuters.com.
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Tesla (TSLA) Upgraded on Macro Outlook Daiwa Capital recently upgraded Tesla stock to outperform with a price target of $900. According to Jairam Nathan of Daiwa Capital, the Russia-Ukraine conflict could catalyze the trend shift in the automobile industry toward faster EV adoption.
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Madison gas prices rose faster than national average last week Its latest numbers show a gallon of gas in the Wisconsin capitol now stands at $3.27, with at least one station charging as much as the $3.43 per gallon. The most expensive gas in Madison is still cheaper than the national average, which rose seven-and-a- ...
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Here's the BharatPe journey, seen through Ashneer Grover's eyes In an extensive, sentimental, and emotionally charged resignation letter following a host of controversies and altercations with BharatPe board, cofounder Ashneer Grover announced he has quit as MD and director noting that he was "being forced to bid ...
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