KYIV/KHARKIV — Ukrainian forces endured heavy artillery barrages on Sunday as Russian forces intensified their attacks to capture a city in the eastern region of Luhansk, which President Volodymyr Zelenskiy said was now Moscow’s top target. Read More
Ukraine’s Kalush Orchestra, which won the Eurovision Song Contest earlier this month, raised $900,000 for the country’s military battling the Russian invasion by selling the contest’s trophy. Read More
The “liberation” of Ukraine’s Donbas region is an “unconditional priority” for Moscow, while other Ukrainian territories should decide their future on their own, Russian Foreign Minister Sergei Lavrov said on Sunday. Read More
(Bloomberg) — The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline in an effort to satisfy Hungarian objections and clinch an agreement on a stalled sanctions package that would target Moscow for its war in Ukraine. Read More
(Bloomberg) — The upcoming US jobs report is projected to show the labor market, while still tight, may be starting to transition to more moderate payrolls growth from out-sized monthly advances. Read More
(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth. Read More
(Bloomberg) — Argentina will reduce energy subsidies for utility bills at a slower pace than anticipated because of higher costs stemming from the impact of Russia’s invasion of Ukraine, Economy Minister Martin Guzman said Saturday. Read More
MEXICO CITY — Mexico’s energy regulator fined a unit of Spain’s Iberdrola 9.15 billion pesos ($466.4 million), arguing they violated a so-called self-supply power generation permit by selling electricity to their partners, according to a regulatory filing. Read More
Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app’s outages in March 2020 shut them out of trading on pandemic-related volatility. Read More
NEW YORK — Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark U.S. Treasuries fell after data showed that U.S. consumer spending rose in April and the uptick in inflation slowed, two signs the world’s largest economy could be on track to grow this quarter. Read More