US Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict 'enormous economic repercussions' globally, just as governments impose fresh sanctions on Russia and economists cut growth forecasts.
Simon Kennedy and Christopher CondonUS Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict"enormous economic repercussions" globally, just as governments impose fresh sanctions on Russia and economists cut growth forecasts.
US, European Union and Group of Seven officials are coordinating new sanctions on Russia, including a US ban on investment in the country and an EU ban on coal imports, following the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by Russian forces. Yellen will say the work of international financial institutions like the IMF and World Bank have become more important in the wake of the war.
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.
US announces extra $100 mn in military aid to Ukraine'I have authorised, pursuant to a delegation from the President earlier today, the immediate drawdown of security assistance valued at up to $100 million to meet Ukraine’s urgent need for additional anti-armor systems,' Blinken said in a statement.
Read more »
US Supreme Court nominee Jackson secures more Republican backers, clears hurdleUS Supreme Court nominee Ketanji Brown Jackson secured the support of two more Senate Republicans on Monday, as she cleared a procedural hurdle toward becoming the first Black woman to serve on the nation's top judicial body.
Read more »
US poor died at much higher rate from Covid-19 than rich, report showsThe 300 US counties with the highest death rates have an average poverty rate of 45%, Poor People’s Campaign report shows
Read more »
UK, US and Australia agree to work on hypersonic weapons in security pactAukus defence alliance agreement is a new element in moves to counter Russian and Chinese military expansion
Read more »
Business Maverick: US, EU to Hit Russian Investments With New Round of SanctionsThe US, European Union and G7 are coordinating on a fresh round of sanctions on Russia, including a US ban on investment in the country and an EU ban on coal imports, after the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.
Read more »
OLIVER DICKSON: Driving us to (illegal) drinkIncreasing the excise on alcohol serves only to drive more consumers to the thriving, unregulated illicit market
Read more »