Bloomberg Russia’s plans for Ukraine face rapidly rising costs due to delays caused by tougher-than-expected resistance from forces on the ground, even as its military retains overwhelming advantages. A person familiar with Russian planning said the military would have hoped for faster progress. The Kremlin has declined to comment on details of the military operation, and its Defense Ministry says ...

Bloomberg President Joe Biden’s approval rating fell to a record low in a new Washington Post-ABC News poll, with 37% saying they approve of the job he is doing and 55% saying they disapprove ahead of his first State of the Union address on Tuesday. When asked which party they would prefer control Congress, 50% said they would rather have ...

  Bloomberg Japan should discuss a possible sharing of nuclear weapons similar to that of Nato members in the wake of the Russian invasion of Ukraine, former Prime Minister Shinzo Abe said Sunday. Nato’s nuclear sharing arrangements let the U.S. keep its nuclear weapons in Europe under its custody. “Many people in Japan probably don’t know about the system,” Abe ...

  Bloomberg North Korea followed up January’s record barrage of missile tests with the firing of a suspected mid-range ballistic rocket on Sunday, ramping up tensions as global attention is focused on Ukraine. The projectile reached an apogee of about 600 kilometers (375 miles) and flew at a range of about 300 km before splashing down in waters outside of ...

Bloomberg Angela Merkel called Russia’s invasion of Ukraine “a profound turning point in European history.” It’s also been a dramatic wake-up call for her successor as chancellor and prompted a rapid and remarkable shift in German policy on several major fronts. Olaf Scholz — the Social Democrat who took over from Merkel in December —was widely criticized by opponents and ...

  Bloomberg China attempted to distance itself from Russia as the scale of the invasion becomes clear, with Foreign Minister Wang Yi on saying it was “absolutely imperative” for all sides to exercise restraint to prevent the conflict from “getting out of control.” “China has been following the evolution of the Ukraine issue, and the present situation is something China ...

Bloomberg At least two of China’s largest state-owned banks are restricting financing for purchases of Russian commodities, underscoring the limits of Beijing’s pledge to maintain economic ties with one of its most important strategic partners in the face of sanctions by the US and its allies. Industrial & Commercial Bank of China Ltd.’s offshore units stopped issuing US dollar-denominated letters ...

  Bloomberg Goldman Sachs Group Inc. became the latest bank to be investigated over employee communications over unapproved messaging services. The New York-based company is cooperating with the Securities and Exchange Commission and producing documents related to a probe into “compliance with records preservation requirements relating to business communications sent over electronic messaging channels that have not been approved by ...

  Bloomberg The European Central Bank will do everything in its power to safeguard the stability of prices and the financial system in the euro area, according to President Christine Lagarde. While it’s too early to judge the overall economic impact of Russia’s invasion of Ukraine, persistent uncertainty will likely drag on investment and consumption and impede growth, Lagarde told ...

Bloomberg Nigerian lenders have started exposing names of customers allegedly obtaining dollars by false pretense, to later trade them at a profit in the parallel market. Some customers have been found to be taking advantage of a lucrative 37% differential between the official and black market exchange rates by obtaining the greenback at the official rate of about 416 naira ...