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Lincoln Mitchell ( @LincolnMitchell ) teaches in the School of International and Public Affairs at Columbia University. His most recent book is "The Giants and Their City: Major League Baseball in San Francisco, 1976-1992." The opinions expressed here are his own. View more opinion at CNN. Tbilisi, Georgia (CNN) Upon arriving in Tbilisi, Georgia's capital, for the first time since the pandemic began, I dropped my bag off at my Airbnb, strolled out and noticed the words "F**k Putin" graffitied in English on my building. A few meters away, a similar sentiment was scrawled in Russian and not far from that, my friend pointed to the same phrase painted on the wall in Georgia's distinctive alphabet . Lincoln Mitchell This is a country where anti-Russia sentiment runs very strong today and signs of support for Ukraine are everywhere. On Rustaveli Avenue, Tbilisi's picturesque and bustling main drag, elderly women sat selling pins, flags, wristbands and other … [Read more...] about Opinion: Why Putin puts his neighbor Georgia on edge

Tony Gamal-Gabriel (AFP) Baghdad, Iraq   ● Tue, May 17, 2022 2022-05-17 00:52 0 e16ff64e7ecc29b417414912230c6080 2 Environment Iraq,sandstorm,hospitalized,people,environment,health Free Another sandstorm that descended Monday on climate-stressed Iraq sent at least 4,000 people to hospital with breathing problems and led to the closure of airports, schools and public offices across the country. It is the eighth dust storm since mid-April to hit Iraq, which has been battered by soil degradation, intense droughts and low rainfall linked to climate change. The last one earlier this month led to the death of one person, while more than 5,000 others had to be hospitalised for respiratory problems. On Monday, a thick cloud of dust enveloped the capital Baghdad in an orange glow and blanketed many other cities including the Shiite shrine city of Najaf to the south, and Sulaimaniyah in the northern Kurdish autonomous region, AFP correspondents said. Yellow … [Read more...] about Thousands hospitalised as latest sandstorm brings Iraq to standstill

Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints

U.S. equity markets are sinking as Russia escalates attacks on Ukraine, raising concerns about disruptions of oil and other commodities. The Dow at one point was down more than 600 points, while crude oil approached $107 a barrel. Key Takeaways The Dow Jones fell more than 600 points as crude oil surged past $105 a barrel and financial and travel company shares slumped. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters, with wheat hitting prices not seen since 2008. Retailers including Target and Walmart are trading higher. Oil prices are soaring to more than $105 a barrel, the highest they’ve been since 2014. Wheat and corn futures traded limit up as both Russia and Ukraine are major exporters. Wheat prices are at levels not seen since 2008. Investors continued to put money into haven investments. Bond prices are rising with the yield on the 10-year Treasury note falling another 11 basis points (BPS) to 1.72%. Gold and … [Read more...] about Stocks’ Rout Deepens as Oil Soars and Russian Invasion Raises Recovery Worries

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

- A + A BENGALURU (May 16): McDonald's Corp on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years, following the invasion of Ukraine. The world's largest burger chain, which owns about 84% of its nearly 850 restaurants in Russia, will take a related non-cash charge of up to US$1.4 billion following its sale. McDonald's had in March decided to close its restaurants in the country, including the iconic Pushkin Square location in central Moscow — a symbol of flourishing American capitalism in the dying embers of the Soviet Union. The burger chain represented the thawing of Cold War tensions and became a way to sample Western food and spirit for millions of people, even though the cost of a burger was several times bigger than the daily budgets of many city dwellers. "Some might argue that providing access to food and continuing to employ tens of thousands … [Read more...] about Golden arches to go dark in Russia as McDonald’s exits after 30 years

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

Calls for the revival of the price stabilization fund for oil have resurfaced in recent months as the successive and hefty fuel price hikes have put a dent in the budget of Filipino consumers, but a government think thank is urging policymakers to stay the course of reforms set in place in the late 1990s. A study released by the Philippine Institute for Development Studies (PIDS), however, said reinstating the Oil Price Stabilization Fund (OPSF) is not the solution to fuel price woes. During the campaign period, presidential candidates Ferdinand Marcos Jr. and Manny Pacquiao proposed reinstating the OPSF should they win in this year’s election to shield the country from the impact of rising fuel costs, mainly driven by Russia’s invasion of Ukraine. The Philippines is a net oil importer. Hence, global developments have a significant impact on pump prices locally. Adoracion Navarro, senior research fellow at the PIDS, said such a move would spell a reversal of the downstream oil … [Read more...] about Gov’t think tank warns against oil deregulation backslide

FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market

LONDON, May 16 (Xinhua) -- Britain's Home Secretary Priti Patel announced new measures on Monday that will increase police powers to stop and search individuals to help fight knife crime and serious violence across the country. In a letter to police forces across Britain, Patel has permanently lifted restrictions on police stop-and-search powers in areas where serious violence is anticipated. The British police recorded 6 million crimes in England and Wales in the year ending December 2021, according to a report published in April by the Office for National Statistics (ONS). The figure represented an 8 percent increase compared with the year ending December 2020. Meanwhile, the number of homicides increased by 14 percent to 691 offenses. London, the capital, recorded its worst ever annual teenage homicide death toll -- 30 -- from stabbing incidents. In the two years to March 2021, over 150,000 arrests were made following stop and searches, preventing thousands of possible … [Read more...] about UK extends police powers to combat growing crime