Russian central bank hikes rates 100 basis points as Ukraine war sparks ruble crash and labor crisis
Russia's central bank has cut interest rates sharply over the last two months.Russia's central bank lifted its benchmark to 8.5% from 7.5%, the first hike in over a year.The bank cited the ruble's slide this year and the shortage of workers.
Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 21 injured in third night of Russian air attacks against southern UkraineA third night of Russian air attacks targeted Ukraine's southern cities, including the port city of Odesa, and wounded at least 21 people, Ukrainian officials said. At least 19 people were injured in Mykolaiv, a city close to the Black Sea.
Read more »
At least 21 injured in third night of Russian air attacks against southern UkraineAerial footage shows blaze engulfing building in Mykolaiv after Russian attack. At least 19 people were injured in the southern Ukrainian city overnight, the region's governor said.
Read more »
Chinese consular building damaged in Russian attack on Ukraine's Odesa - governorA building at the Chinese consulate in Odesa was damaged in a Russian missile and drone attack on the southern Ukrainian port city, regional governor Oleh Kiper said on Thursday.
Read more »
Ukraine fires U.S.-provided cluster bombs at entrenched Russian positionsMunitions have been fired at Russian positions to break up the trenches slowing down Ukrainian forces seeking to retake territory
Read more »
‘Everything is burning’: Cluster bombs rain down on Russian troops in Ukraine‘EVERYTHING IS BURNING’: United States-provided cluster munitions made their debut on the battlefields of Ukraine this week, with Ukrainian commanders reporting they are making a difference as efforts continue to break through Russian defenses.
Read more »
Ukraine's first recorded use of cluster munitions on Russian army revealedThe Pentagon confirmed on Thursday that Ukraine had started using cluster munitions on the battlefield.
Read more »