Rising Risk of Recession Creates New Headache for Biden
The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession,...
national
Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the oil giant benefits from surging oil prices following Russia’s...
EU Proposes Ban on Russian Oil Imports
BRUSSELS—The European Union proposed a ban on imports of Russian crude oil within six months and on refined oil products...
Ukraine War Puts Spy Satellites for Hire in the Spotlight
AURORA, Colo.—Ukrainian forces hunting Russian tanks and tracking troop movement are being aided by imagery from a growing number of...
Democrats Launch Attempt to Rescue Biden’s Economic Agenda
WASHINGTON—Democrats began a last-ditch effort to cobble together a narrower version of President Biden's once-sweeping economic agenda that could win...
Ukraine’s Grim Economic Toll From War Confronts World Governments
WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of...
Global Growth Ebbs in Face of Ukraine War, China Slowdown
FRANKFURT—Economic growth is slowing in large parts of the globe as businesses struggle to navigate the effects of Russia’s invasion...
From YouTube to Rutube. Inside Russia’s Influence Campaign.
The Kremlin is waging a new influence campaign: persuading Russians to quit Western social-media platforms. As part of an expansive...
Meet the Twitter Army of Elon Musk Superfans
Elon Musk might have more than 82 million Twitter followers, but only a handful of those can consistently grab the...
U.K. Inflation Hits Fresh Three-Decade High, Squeezing Household Budgets
The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following...
Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
Europe’s Economy Slows as Ukraine War Sends Costs Soaring
Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine while U.S. business activity picked...
Central Banks Grapple With Dual Threat of Slowing Growth, Rising Inflation
The war in Ukraine is casting a stagflationary shadow over the world economy and posing a dilemma for central banks:...
Aramco Profit Hits $110 Billion as Saudis Seek to Expand Investments
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to...
The Month Companies United Against Russia’s War
About 10 minutes into Sunday church services, Visa Inc. Chief Executive Alfred Kelly looked down at his phone and saw...
EU, U.K. Approve New Russia Sanctions as Allied Divisions Emerge
The European Union and the U.K. agreed on separate sets of fresh sanctions and restrictions targeting Russia, a day after...
TikTok Influencers Get Spotlight in Information Battle Over the Russia-Ukraine War
Victoria Hammett is a 23-year-old recent University of Southern California graduate who almost daily posts short TikTok videos of herself...
Chip Makers Stockpiled Key Materials Ahead of Russian Invasion of Ukraine
Production of vital raw materials for chip making is concentrated in Russia and Ukraine. The countries are a major source...
