By Devik Jain and Noel Randewich (Reuters) – The S&P 500 ended lower after a volatile session on Monday, with investors wrestling with uncertainty and bank stocks dropping following powerful Western sanctions against Russia as it continued its invasion…
EU says 400,000 refugees from Ukraine so far, millions expected
(Reuters) – At least 400,000 Ukrainian refugees have entered EU territory so far, and the bloc needs to prepare for millions of arrivals, EU Home Affairs Commissioner Ylva Johansson said on Monday. On Sunday, the figure stood at around 300,000. Johanss…
Erdogan says Turkey cannot abandon ties with Russia or Ukraine
ANKARA (Reuters) – Presiden Tayyip Erdogan on Monday repeated that Turkey could not abandon its ties with Russia or Ukraine, amid Moscow’s invasion of Ukraine, adding Ankara would implement a pact on passage from its straits to prevent an escalation of…
Western companies head for the exit in Russia as sanctions tighten
By Ron Bousso, Dmitry Zhdannikov, Carolyn Cohn and Saeed Azhar (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions …
Young Ukrainian who fled Kyiv returns to join the war
By Aleksandar Vasovic KYIV (Reuters) – When Russia invaded Ukraine last week, Max Karmazin said he and his friends fled Kyiv to the relative safety of the west of the country. The Ukrainian has since changed his mind, and, after spending Sunday night w…
Freezing weather and border bottlenecks as Ukrainians flee war
By Krisztina Than and Anna Wlodarczak-Semczuk TISZABEC, Hungary/WARSAW (Reuters) – Poland sought to ease passage into the European Union on Monday for around quarter of a million Ukrainians waiting at European border crossings in freezing conditions af…
Biden hosts calls with allies after Putin put nuclear deterrent on alert
By Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden will host a call with allies and partners on Monday morning after President Vladimir Putin put Russia’s nuclear deterrent on high alert in the face of a barrage of Western reprisals over t…
Russia sanctions snarl flights, compound airline industry woes
By Anne Kauranen, Tim Hepher and Rajesh Kumar Singh HELSINKI/PARIS/CHICAGO (Reuters) -Airlines are bracing for potentially lengthy blockages of key east-west flight corridors after the European Union and Moscow issued tit-for-tat airspace bans and Wash…
Russia hikes rates, introduces capital controls as sanctions bite
(Reuters) -Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as the country faced deepening economic isolation, but its governor said sanctions had stopped it selling foreign currency to prop up …
U.S. FDA declines to approve Amryt’s topical gel for rare skin diseases
-Amryt Pharma said on Monday the U.S. Food and Drug Administration declined to approve the company’s drug for the treatment of a group of rare skin diseases called epidermolysis bullosa. The agency has asked Amryt to submit additional data confirming e…