Petronas CEO on energy security, energy transition, renewables

Geopolitical upheaval has thrust energy security back into focus, the group CEO of Malaysian oil and gas giant Petronas said. Energy markets have been volatile since Russia invaded Ukraine in late February. The US banned Russian energy imports while the EU proposed curbing purchases of Russian oil. Russia has cut off gas supplies to some … Read more

Two maps show NATO’s growth and Russia’s isolation since 1990

A Swedish soldier takes part in exercises on May 17, 2022. Her country, along with Finland, now wants to join NATO. Jonathan Nackstrand | Afp | Getty Images Russia has become increasingly isolated from the rest of Europe over the last 30 years, and maps of the continent illustrate just how drastic the change has … Read more

McDonald’s to sell Russia business after pausing operations due to Ukraine war

A view shows a McDonald’s restaurant in Saint Petersburg, Russia March 8, 2022. Anton Vaganov | Reuters McDonald’s said Monday that it will sell its business in Russia, a little more than two months after it paused operations in the country due to its invasion of Ukraine. “The humanitarian crisis caused by the war in … Read more

India bans wheat exports with immediate effect

India, the world’s second-biggest wheat producer, has blocked all exports of the grain with immediate effect. Bloomberg | Bloomberg | Getty Images India banned wheat exports with immediate effect on Saturday, just days after saying it was targeting record shipments this year, as a scorching heatwave curtailed output and local prices hit an all-time high … Read more

‘Reckless’ to talk about defeating Russia, says former advisor to Soviet Union

Russia has “considerable firepower” and it’s reckless to talk about defeating the country, according to a former economic advisor to the Soviet Union. Jeffrey Sachs, now an economics professor at Columbia University, said the US seems to believe it can beat Russia militarily, and the West is supporting Ukraine in its effort to push Russia … Read more

Treaty tests Turkey’s stance on Ukraine war

A Russian submarine passes Istanbul as it transits the Bosphorus in February 2022. Turkey is the gatekeeper between the Black Sea and the Mediterranean. Ozan Kose | Afp | Getty Images There’s a Turkish saying, “Did your ships sink in the Black Sea?” The expression is asked when a person is lost in thought, trying … Read more

The four big threats to China’s economy

William Rhodes and Stuart Mackintosh have identified four distinct but overlapping economic risks for China. Future Publishing | Future Publishing | Getty Images The following commentary is co-authored by William R. Rhodes, CEO of William R. Rhodes Global Advisors, former chairman and CEO of Citibank, and author of “Banker to the World: Leadership Lessons from … Read more

The latest U.S. sanctions against Russia target a digital currency, a bank and another oligarch

US President Joe Biden, with Treasury Secretary Janet Yellen (L) and Defense Secretary Lloyd Austin (R), speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | AFP | Getty Images The US Treasury Department announced Wednesday that it has expanded its wide raft of … Read more

Senate votes to strip Russia of ‘most favored nation’ trade status over Ukraine war

Russian President Vladimir Putin chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence outside Moscow, Russia April 7, 2022. Mikhail Klimentyev | Sputnik | Reuters The Senate voted unanimously on Thursday to revoke Russia’s “most-favored-nation” trade status, an economic downgrade that opens the door to new damaging tariffs on Moscow … Read more

Why a Russia-Ukraine deal may be difficult to reach

It will be difficult to find a diplomatic resolution for the war in Ukraine unless the situation on the ground changes, according to Francis Fukuyama, a senior fellow at Stanford University’s Freeman Spogli Institute for International Studies. “Both of the sides have lost so much that the kind of concessions that would be needed to … Read more