World

The global economic outlook has darkened considerably as the Russian war in Ukraine and sky-high inflation weigh on the still-fragile recovery from the pandemic, the International Monetary Fund warned on Tuesday.

Potomac Wealth founder and president Mark Avallone weighs in on inflation.

Multiple GOP state Attorneys General are calling on President Biden to reauthorize the Keystone XL pipeline, saying that his decision to revoke the Trump-era permit has contributed to record-high gas prices and made U.S. allies more dependent on Russia during its invasion of Ukraine.

The World Bank cut its forecast for global economic growth this year as a result of the Russian war in Ukraine and is preparing a $170 billion aid package for struggling nations.

A container ship that was stuck in the Chesapeake Bay for over a month has finally been refloated, officials said.

The Russian economy is poised to collapse this year after the U.S. and its European allies hit the Kremlin with a slew of crippling financial penalties over its unprovoked invasion of Ukraine.

IMF chief warned this week that Russia's invasion of Ukraine has weakened the economic outlook for most of the world and sky-high inflation posed a "clear and present danger" to the global economy.

Russia may have defaulted on foreign bonds for the first time since the years following the 1917 Bolshevik revolution.

President Biden is once again placing blame on Russian President Vladimir Putin for rising inflation in America, telling a crowd in North Carolina that a majority of the increase in pricing throughout the country is a result of “Putin's price hike."

Uber said it is restarting its ridesharing service in the Ukrainian capital of Kyiv on Thursday with the goal of supporting “a return to normality as quickly as possible.”

Here are the “greenest” states in 2022, according to WalletHub.

JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters.

Treasury Secretary Janet Yellen on Wednesday warned of major consequences for countries that undermine the sanctions that the U.S. and its Western allies have imposed on Russia over the war in Ukraine war.

President Biden has blamed the COVID-19 pandemic, corporate greed and Russian President Vladimir Putin, but continues to deny his policies have contributed to record inflation.

Boeing Co. on Tuesday moved orders for 141 of its airplanes into accounting limbo due to the war in Ukraine and international sanctions against Russia, meaning it no longer expects the jets to be delivered.

Inflation hit 8.5% in March. That’s a whopping SIX times higher in just 14 months. 

If Western countries implemented a "real embargo" on Russian oil and gas, then Putin's invasion of Ukraine could come to a halt in just a couple of months, a former chief economic adviser to Putin told the BBC.

Ukraine's economic output will likely contract by a staggering 45.1% this year as Russia's invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday.

There's a fight over what to do with radioactive waste being stored at a nuclear power plant.

YouTube has blocked Russia's DumaTV.