A calm defiance held in Kyiv on Tuesday, a day after Russia recognised the independence of the breakaway east Ukrainian areas of Donetsk and Luhansk. Daily life continued as normal, while the country’s leaders focused on maintaining calm — but also preparation — in the face of a rising risk of further Russian attack. A
Investing
The S&P 500 index tracks the largest and most dynamic companies in the U.S. Its constituent stocks are curated by the S&P Index Committee, which selects companies based on a number of factors, including market capitalization, sector allocation, and liquidity. But what if you’re looking to invest in S&P 500 stocks and don’t have the
Hong Kong announced on Tuesday that all residents would have to undergo mandatory Covid testing from next month, as the city reels from China’s worst outbreak since the start of the pandemic. Carrie Lam, Hong Kong’s chief executive, revealed the latest measures as experts warned that more than a third of residents will be in
President Vladimir Putin made extensive reference to tsarist Russian, Soviet and postcommunist history on Monday in a speech that sought to justify the Kremlin’s second territorial dismemberment of Ukraine since 2014. The speech was notable for its distortions of that history and for a number of glaring omissions of the facts surrounding the emergence of
Whether it’s your daily driver, a truck for work, a weekend motorcycle, or an antique automobile, if you intend to drive it on public roads, you’ll need to have a valid state registration. Here’s how to obtain one. Key Takeaways It’s illegal to drive a car on public roads without a valid state registration. If
Oil prices surged and stocks fell after Russia’s president Vladimir Putin ordered troops into Ukraine, putting his country on a war footing and forestalling attempts at a diplomatic solution to the crisis. Brent crude, the international oil benchmark, jumped as much as 2.4 per cent to $97.66 a barrel, a fresh seven-year high, while West
Russia’s president Vladimir Putin has ordered troops into eastern Ukraine after recognising two Moscow-backed separatist regions, hobbling the prospects of a diplomatic solution to the crisis as he put his country on a war footing. Putin directed his military to enter rebel-held regions in Ukraine’s Donbas border area for “peacekeeping” operations after signing decrees pronouncing
Income inequality in the U.S. is unusually high for a developed economy—and it is rising. The income gap, measured by the Gini coefficient, has increased for decades as lower- and middle-class incomes have grown more slowly than upper-tier incomes, concentrating wealth upward. A report from the Economic Policy Institute, for instance, says that typical chief
Boris Johnson announced the ending of all remaining coronavirus legal restrictions in England, but only after a fierce cabinet row broke out over the cost of future testing for the disease. The UK prime minister was cheered by Conservative MPs after he announced that England was “moving from government restrictions to personal responsibility” in the
For Vladimir Putin’s extraordinary meeting with his top security officials on Monday, he chose the Kremlin’s ornate Hall of the Order of St Catherine. Designed by the tsars to show off the glories of Russia’s empire, the setting perfectly underscored how much the president has come to resemble his autocratic forebears of old. In a
What Is Linear Regression? Linear regression is a type of data analysis that considers the linear relationship between a dependent variable and one or more independent variables. It is typically used to visually show the strength of the relationship or correlation between various factors and the dispersion of results – all for the purpose of explaining
UK business activity has expanded at its fastest pace for eight months as the Omicron wave faded and consumers headed out to spend on travel and leisure. The latest IHS Markit/Cips flash composite purchasing managers’ index, a monthly survey taking the pulse of the private sector, rose from 54.2 in January to 60.2 in February,
The amount of extra money to be distributed by advanced countries to developing nations struggling under the financial impact of the coronavirus pandemic has fallen short of expectations, after the G20 group of large economies reported combined pledges of $60bn. The amount, to be dispersed through the voluntary channelling of special drawing rights, does not
The Whitewater scandal was a real estate controversy that came to public attention in the 1990s. It involved former President Bill Clinton and his wife Hillary along with their associates. Whitewater was a land development venture that turned into a failed investment. After a series of lengthy investigations into the matter—famously led by Independent Counsel
Steam billows from the cooling towers of the Loy Yang coal-fired power station operated by AGL © Carla Gottgens/Bloomberg Australian utility AGL has rejected an unsolicited bid from a consortium led by Brookfield Asset Management to buy the firm, saying the offer “materially undervalues the company”. The Brookfield consortium, which includes tech billionaire and climate
Activist investor Carl Icahn has launched a highly unusual board fight at McDonald’s to demand the fast-food chain end the practice of keeping pregnant pigs in its supply chain confined in small crates. In a statement on Sunday, McDonald’s said Icahn had nominated two board directors as part of a campaign related to “a narrow
A bond is a type of loan contract between an issuer (the seller of the bond) and a holder (the purchaser of a bond). The issuer is essentially borrowing or incurring a debt that is to be repaid at “par value“ entirely at maturity (i.e., when the contract ends). In the meantime, the holder of this debt receives
In this article NET EXPE COUR INTC SEDG Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a
Western energy majors are on course to buy back shares at near record levels this year as soaring oil and gas prices enable them to deliver bumper profits and boost returns for investors. The seven supermajors — including BP, Shell, ExxonMobil and Chevron — are poised to return $38bn to shareholders through buyback programmes this
Ecommerce specialist Clipper Logistics plans to accept a potential cash-and-share takeover offer by New York-listed GXO Logistics that would value the British group at £943mn. Clipper, which processes orders for Asos, H&M and Marks and Spencer, has agreed to GXO’s proposal to pay 690p in cash and issue 230p of new GXO stock for each
Thinking about some home improvements, such as putting on an addition or remodeling a kitchen? You might want to consider a Federal Housing Administration (FHA) cash-out refinance. The FHA cash-out refinance loan allows you to refinance your mortgage, typically at a lower interest rate, and pull out up to 80% of the equity that you
Kevin Johnson, Starbucks’s chief executive, earned a slice of his 2021 bonus by slashing plastic straws and methane emissions — an example of a trend by US companies to add environmental and social targets to bonus packages. Starbucks joined Apple and Disney in adding new environmental and workplace targets to 2021 pay, according to an
Belarus said 30,000 Russian troops participating in joint drills would stay in the country indefinitely despite earlier pledges by Moscow they would return to base. Belarusian defence minister Viktor Khrenin on Sunday said Russian president Vladimir Putin and his Belarusian counterpart Alexander Lukashenko made the decision because of “increasing military activity on [the countries’] eastern
Canada’s biggest law firms based on attorney numbers have certain things in common. They service major companies frequently listed on the Fortune 500 list, the Fortune 100 list, and sometimes even consult for governments. They are mostly based in Toronto where the overwhelming majority of business law is conducted but have their offices spread across
“Abortion is normal” ran the slogan in a poster campaign across Northern Ireland last autumn. Yet more than two years after it was legalised in the region — and a month before a deadline imposed by London for local officials to make it fully available — the situation is anything but. Abortion was banned in
A walk along a favourite beach on the Miura peninsula recently offered the usual stunning tableau of the Japanese seaside in winter: horses thundering along the empty dunes, racks of daikon drying under the chilly sun and rank after rank of 12-ton concrete blocks being craned into the lapping surf. For all its ugliness, this
Bitcoin (BTCUSD) is often referred to as digital currency and as an alternative to central bank-controlled fiat money. However, the latter is valuable because it is issued by a monetary authority and is widely used in an economy. Bitcoin’s network is decentralized, and the cryptocurrency is not used much in retail transactions. One can argue that
Germany fears Russia could retaliate against western sanctions in the event of war with Ukraine by cutting off gas supplies, its finance minister has said, a move that could cripple Europe’s largest economy. Christian Lindner told the Financial Times that Russia had always been a reliable supplier of natural gas to Germany, even at the
The writer is general secretary of the University and College Union This week marks the fourth successive year that tens of thousands of university staff in the UK have been forced out on strike in order to stop devastating attacks on their pensions. In this latest round of the dispute, employers are on the verge
Johnson & Johnson (JNJ) is among the oldest and most prestigious American companies. Founded in 1886 by three brothers—Robert, James, and Edward Johnson—the company was established in New Brunswick, N.J. While Johnson & Johnson has changed over its long history, the company continues to be a key innovator and pioneer in the health care sector.
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