Page 63 - Globalization News Today

Stand, that if you read in larrys letter later on, he talks about being in the capital markets is a privilege, not a right, and what he meant by that is that these companies have an ability to make these decisions to separate themselves from the russian counterparts and companies ranging from mcdonalds, and this is just nestle, under pressure, from ukrainian president himself, to now pull more of the products off their shelves, and theyre saying, we would rather not have these profits, from this...

China, but we have to deal with saudi arabia and deal with people who have been bad actors and counter balance russias threat? >> absolutely. sanctions are not going to work if china decides to violate them or china decides to continue to trade with russia. already theres trade with energy in russia and they do it with the financial system thats really bad. the question is how do you make it so the u.s. has enough leverage economically? to me that means we have to be good and guard our economy, ...

The ceo and chairman of the worlds biggest asset manager, blackrock, says the war in ukraine is reversing the long-running trend of globalization. in his annual letter to shareholders, larry fink said russias invasion has quote left many communities and people feeling isolated and looking inward. fink says he believes this has exacerbated the polarization and extremist behavior we are seeing across society today. joining us now, to talk about that, business reporter, for axios, hope king. hope, ...

1% of all your tanks. >> so cnn is also learning that ukraine told the u.s. that it needs i think 500 anti-aircraft missiles, 500 an anti tank missiles a day to keep fighting. what happens if you dont get this equipment? >> nobody knows for sure. were in day 30 of kyiv is going to fall in three days in the stage of this operation but look, let me explain one very important thing to you, actually two. first of all, it doesnt end in ukraine. i keep saying this. like with the economic side of this ...

It wants you to change your worldview and give you -- youre very belief center convictions over to them, to admit that they are the arbiters of the truth and not your own conscience and so it is a very thing that has happened, with technology. >> laura: the only thing thats going to change this -- the only thing thats going to change this is money. the only response to money. until they are d5 formed, they wont listen. i safety platform to, people just have to start pulling out of these entities...

Ukraine. today volodymyr zelenskyy encouraged energy-producing countries to increase output to try to get around russias global blackmail. >> reporter: the future of europe rests with yourests. it depends on your efforts. i ask you to increase output of energy to ensure that everyone in russia understands that no country can use energy as a weapon and blackmail the world. >> undoubtedly russias invasion on ukraine has had a global impact on the economy, not only the energy market but supply chai...

Because all of this constitutes a new cold war. >> i do think the world is going to be different, because the degree of risk which people have recognized, strategic risk which exist in the world is not going to go away, even if in the short term the russians are for us to -- that has them a consequence for the way we do trade, and globalized for the world. this may only be the start for a bigger economic war, with bigger consequences. globalization, the way the world fits together, has long been...

Chinas support has supplied military information, especially with the dji drones that ukraine has been operating. china has been providing russia with the location of ukrainian drone operators so they can be targeted. so theres a lot of work for both the eu and the united states just to get china to neutral. and were not there yet. >> of course weve all been focused on ukraine, but in the meantime, china signed a security deal with the solomon islands. you described it as part of their effort to...

We dont know. it has to reflect that pain. not to mention the pain of the military. >> you know,io wrote a couple weeks ago, a really interesting article, a column about sort of the globalization. it shows how interconnected we all are in this conflict in a lot of different ways. does this say something about the future of getting off gas, getting off dependence on oil coming out of russia? do you think it accelerates that process in the united states, in europe? >> lord knows, anderson, i would...

Refugees could represent a major economic opportunity. danny is a director of international public affairs. we preyash you being here this morning. lets talk about the end of globalization as we know it, a reconfiguration of global supply chance, higher costs to consumers, what do you make of that assessment? >> i think weve seen many incidents in the past few years starting with the pandemic and now the invasion of russia and ukraine. i do feel markets have been working in which supply can chai...