Russia ukraine

Sadly, we are seeing exaggerations and economy with the truth in the reports on the ongoing war in Ukraine. (Illustration by Suneesh K.) Cataclysmic global events have a long history of bringing out the best and the worst of news reporting. It isn’t any different today in the midst of the invasion of Ukraine by Russia . Much of the reporting has been brave and moving. Sadly, there’s also been news bordering on downright fabrication . Little, it would seem, has changed since the Great Moon Hoax of August 1835 when the New York-based paper The Sun carried a series of six reports about how English astronomer Sir John Herschel, using the biggest telescope ever built, had established that there was an alien civilization on the moon. The Sun claimed that Herschel had sighted vegetation, “brown quadrupeds”, and “large winged creatures, wholly unlike any kind of birds.” The writer of the story later claimed that it was meant to be satirical but by then enough Americans had bought … [Read more...] about Russia Ukraine conflict: The fine line between misreporting and propaganda about Ukraine

File image Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said on June 22. On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business continuity, all its steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia. "Tata Steel would like to issue a clarification in view of the incorrect information floating around in some sections of the media with respect to the buying/importing of coal from Russia," the spokesperson said. A deal for supply of 75,000 tonne of PCI coal was finalised in March 2022 and the contract became effective weeks before Tata Steel’s April announcement. The shipment was received in May 2022 to honour the business commitment made before the announcement. Close "Post the … [Read more...] about No purchase of coal from Russia after April 20: Tata Steel

Rank 7 | IBM | Location: Armonk, New York | Employees quote on company’s culture: “Solving complex issues with my team makes me happy. I love collaborating with them to solve issues. No better feeling than closing out an issue/project together.” IBM has begun the process of shuttering its operations in Russia. The company CEO Arvind Krishna, told the employees in a memo that due to growing circumstances and uncertainty around the events unfolding around the Russia - Ukraine war, the company has taken the decision to pull out of the country. In March this year, IBM put its business operations in Russia on hold during the ongoing war. It kept its employees on the payroll, while it evaluated a long-term decision. Unfortunately, it looks like that has now come to pass. Also Read: Ukraine says it is holding off Russian assault in key eastern city Krishna acknowledged that IBM's employees in Russia, "through no fault of their own, endured months of stress and uncertainty". … [Read more...] about IBM begins laying off employees in Russia

Representative image German Chancellor Olaf Scholz welcomes leaders of the Group of Seven rich democracies on Sunday to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis. The summit takes place against a darker backdrop than last year when the British, Canadian, French, German, Italian, Japanese and U.S. leaders met for the first time since before the COVID-19 pandemic and vowed to build back better. Soaring global energy and food prices are hitting economic growth in the wake of Russia's invasion of Ukraine. The United Nations warned on Friday of an "unprecedented global hunger crisis". Climate change, an increasingly assertive China and the rise of authoritarianism are also set to be on the agenda. The G7 leaders are expected to seek to show a united front on supporting Ukraine for as long as necessary and cranking up pressure on the Kremlin - although they will want to … [Read more...] about G7 summit kicks off under shadow of Ukraine war, stagflation risk

Dmitry Muratov auctioned his Nobel medal to help children displaced by Russia's war on Ukraine. The auction of Russian journalist Dmitry Muratov's Nobel gold medal for a whopping $103.5 million to benefit children displaced by the war in Ukraine smashed the record for Nobel medals. The Nobel Peace Prize medal was sold to an as yet unidentified phone bidder at a sale in New York on Monday organised by Heritage Auctions. Muratov won the medal, made of 150 grammes of 18-carat gold, in 2021 when he was awarded the Peace Prize together with Maria Ressa of the Philippines "for their efforts to safeguard freedom of expression". The proceeds of Monday's sale far exceed the previous record of $4.76 million for the sale of a Nobel medal in 2014. "Muratov consulted the Nobel committee beforehand and was assured that the Nobel committee supported his decision to sell his medal so that the proceeds could benefit children and refugees of Ukraine," the committee's secretary Olav … [Read more...] about Ukraine aid: At $104 million, Russian journalist’s Nobel medal breaks auction record

Russia's McDonald's replacement has revealed its new logo. The fast-food chain all set to replace McDonald’s in Russia has unveiled its new logo as it prepares to relaunch on Sunday. The new branding will replace the iconic golden arches of McDonald’s with a circle and two lines on a green background, said to represent a burger and two French fries, BBC reported. In March, McDonald's shuttered its outlets in Russia due to Vladimir Putin’s invasion of Ukraine . Sistema PBO took over the management of the restaurants. The Chicago burger giant said that billionaire Russian businessman Alexander Govor, one of its existing local licensees, agreed to buy all 847 McDonald’s restaurants in Russia and operate them under a new name. The shuttered outlets will reopen on Sunday under the new name which has not yet been revealed. Incidentally, the relaunch of outlets coincides with Russia Day, a holiday to celebrate the country’s independence, Reuters reported. The relaunch will … [Read more...] about McDonald’s replacement in Russia unveils new logo

Representative Image Gold prices strengthened on Monday, as news of some Western nations planning to officially ban imports of the metal from Russia for its invasion of Ukraine sparked interest in bullion.a Spot gold rose 0.8% to $1,839.79 per ounce by 0721 GMT. U.S. gold futures were up 0.6% at $1,840.50. ”The G7 import ban on Russian gold seems to be providing some short-term support in early Asia (trading),” OANDA senior analyst Jeffrey Halley said. ”However, it is mostly a rubber stamp exercise in reality for the grouping, and I do not expect this to mark a structural change in the supply/demand outlook that will underpin prices.” Four of the Group of Seven (G7) rich nations moved to ban imports of Russian gold on Sunday to tighten the sanction squeeze on Moscow and cut off its means of financing the invasion of Ukraine. Close ”The headline will be quickly digested, and the market should go back to its tug of war between higher front-end rates, … [Read more...] about Gold gains as G7 nations plan to ban bullion imports from Russia

London (CNN Business) President Vladimir Putin said Wednesday that Russia is rerouting trade to "reliable international partners" such as Brazil, India, China and South Africa as the West attempts to sever economic ties. "We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries," Putin said in his opening video address to the participants of the virtual BRICS Summit . The "BRICS" acronym refers to an informal grouping of the five developing economies. According to Putin, trade between Russia and the BRICS countries increased by 38% and reached $45 billion in the first three months of the year. "Contacts between Russian business circles and the business community of the BRICS countries have intensified," Putin said. "For example, negotiations are underway to open Indian chain stores in Russia [and to] increase the share of Chinese cars, equipment and … [Read more...] about Putin says Russia is rerouting trade to China and India

A. Muh. Ibnu Aqil (The Jakarta Post) PREMIUM Jakarta   ● Thu, June 23 2022 President Joko “Jokowi” Widodo will visit the capitals of Ukraine and Russia after attending a multilateral summit in Germany next week, Foreign Minister Retno LP Marsudi announced on Wednesday, in the hope of bringing an end to an ongoing war that has had global economic repercussions. Jokowi has accepted an invitation from Germany to attend a meeting of the Group of Seven (G7) industrialized economies in the Bavarian Alps from June 26-28. From there the President is expected to continue his journey to the Ukrainian capital Kyiv and Moscow, Retno said, although she did not disclose the exact dates. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about Jokowi set to visit Ukraine, Russia

Berlin/London (CNN Business) Europe's biggest economy is now officially running short of natural gas and is escalating a crisis plan to preserve supplies ahead of winter as Russia turns off the taps. Germany on Thursday activated the second phase of its three-stage gas emergency program , taking it one step closer to rationing supplies to industry — a step that would deliver a huge blow to the manufacturing heart of its economy. ''Gas is from now on in short supply in Germany," Economy Minister Robert Habeck told reporters at a press conference in Berlin. "Even if you don't feel it yet: We are in a gas crisis." Europe's energy crisis escalated this month as Russia further reduced supplies to Germany, Italy and and other members of the European Union. Russia's state gas company Gazprom slashed flows through the Nord Stream 1 pipeline to Germany by 60% last week, blaming the move on the West's decision to withhold vital turbines because of … [Read more...] about Germany declares gas crisis as Russia cuts supplies to Europe