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Russia's G20 membership under fire from U.S., Western allies

By Andrea Shalal and Marek Strzelecki
WASHINGTON (Reuters) -The United States and its Western allies are assessing whether Russia should remain within the Group of Twenty (G20) grouping of major economies following its invasion of Ukraine, sources involved in the discussions told Reuters on Tuesday....
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ECB to turn off money taps at Ukraine 'watershed' moment | Hellenic Shipping News Worldwide

The European Central Bank will stop pumping money into financial markets this summer, it said on Thursday, paving the way for an increase in interest rates as soaring inflation outweighs concerns about the fallout from Russia’s invasion of Ukraine. With price growth in the euro zone at a record high even before Moscow began its ...
Carsten Brzeski Mark John Joerg Kraemer Frederik Ducrozet Toby Chopra Catherine Evans

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Ukraine conflict adds to European supply chain snags | Hellenic Shipping News Worldwide

European companies are suffering yet more strain on supply chains already snarled up by the coronavirus pandemic as the conflict in Ukraine leads to growing shortages of key components, they warned this week. The new snags pose a further threat to economic recovery in Europe, potentially prolonging existing bottlenecks that in some sectors were not ...
Baden Wüberg Sachsen Anhalt Czech Republic City Of United Kingdom Paul Sandle

World poverty to rise as climate change hits food supplies-UN panel | Hellenic Shipping News Worldwide

Climate change and extreme weather are already hurting the world economy and if unchecked will plunge millions more into poverty while pushing up food prices and disrupting trade and labour markets, U.N. climate experts warned on Monday. The finding was part of a report by the Intergovernmental Panel on Climate Change (IPCC) that concluded there ...
Alex Richardson Mark John Intergovernmental Panel On Climate Change Intergovernmental Panel Climate Change

Global central banks were on the same page. Ukraine may reshape that | Hellenic Shipping News Worldwide

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia’s invasion of Ukraine, a geopolitical upheaval likely to be felt differently across the world’s major economic centers. Risks policymakers face globally include a near immediate spike in the price of oil to above $100 dollars a ...
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