The West wants to go further on Russian oil. Inflation makes that difficult

New York CNN Business – Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia is making just as much money from … Read more

Biden arrives in Europe to keep allies united against Russia as a grinding war in Ukraine takes its toll

Telfs-Buchen, Austria CNN – President Joe Biden arrived in Europe Saturday for a week of summits, where the grinding war in Ukraine – entering its fifth month and fading from Americans’ attention – will be thrust back to the forefront. The President touched down in Germany late Saturday local time. Biden hopes to announce new … Read more

Biden heads to Europe to keep allies united against Russia as a grinding war in Ukraine takes its toll

Telfs-Buchen, Austria CNN – President Joe Biden departed Saturday for a week of summits in Europe, where the grinding war in Ukraine – entering its fifth month and fading from Americans’ attention – will be thrust back to the forefront. Biden hopes to announce new sanctions and military assistance alongside European allies during his visits … Read more

Putin is a BRICS, China-hosted summit on the back of the world stage

Editor’s Note: A story of this version appeared in CNN’s The China Newsletter, a three-times-a-week update exploring the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN – When Russian President Vladimir Putin dials into a virtual BRICS summit hosted by Beijing on Thursday, it will be his first time … Read more

Russia exports rare gases as trouble for Chipmakers brace

London CNN Business – The semiconductor industry just can’t catch a break. After grappling with pandemic-fueled supply bottlenecks, chipmakers are facing a new headache: Russia, one of the world’s largest suppliers of gases used to make semiconductors, has begun to limit exports. Moscow’s restricting exports of inert, or “noble” gases, including neon, argon and helium … Read more

The graph that disproves Biden’s claim that inflation is worse everywhere else in the world

President Joe Biden has been under fire for inflation that has reached its highest point in 41 years and has squeezed the finances of millions of Americans. He has blamed Vladimir Putin’s invasion of Ukraine and the COVID pandemic for the surge in prices – and now has pointed to inflation being a global issue. … Read more

Macron, Scholz, Draghi, leaders of Europe’s biggest countries, on Kyiv mission to smooth tensions

CNN – When the loud sound of air raid sirens pierced through the relative calm of Kyiv on Thursday morning, it was a stark reminder for French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi that they were visiting a country under attack. Not that they needed one. Like other … Read more

Good times to end for Silicon Valley braces

CNN – For most of the past two years, the ethos of Silicon Valley was defined by Facebook’s former motto: “Move fast and break things.” But in a sudden and dizzying shift, the tech sector in the current mood could be better described with a far more restrained mantra: “Cut costs and try to survive.” … Read more

US sanctions more Russian elites, targeting yachts and aircraft

Washington CNN – The White House on Thursday announced the latest round of sanctions over Russia’s invasion of Ukraine, targeting Russian government officials and elites close to Russian President Vladimir Putin with a slew of new financial and diplomatic sanctions. The sanctions, issued by the Treasury and State Departments, take aim at the luxury assets … Read more

Russia starts cutting off gas to pay for its government after Netherlands

Russia’s Gazprom will halt gas supplies to Netherlands’ partially state-owned energy firm GasTerra Meanwhile, Danish energy company Orsted warned that Russia could cut gas supplies to Denmark for the same reason, but with allayed concerns, the gas could still be secured through the European market. Vladimir Putin’s February 24 offensive against Western central sanctions against … Read more