Natural gas surges above $9 to highest since 2008 on low inventories

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan. Issei Kato | Reuters Natural gas surged above $ 9 per million British thermal units, or MMBtu, on Wednesday, hitting the highest level in more than a decade as dwindling inventories push prices higher. US prices … Read more

Ukraine rejects Kissinger suggestion it should cede land to Russia

A Ukrainian MP has given what he called a “polite” reply to former US Secretary of State Henry Kissinger’s suggestion that Ukraine should be prepared to cede some territory to Moscow in order to reach a peace deal. “I think Mr. Kissinger still lives in the 20th century and we are in the 21st century … Read more

We’re going to be a bit poorer in the West amid inflation

Prime Minister Mark Rutte, pictured here attending a press conference on March 23 2020, argued that there is a “limit to what a government can do” to help with inflation. SOPA Images Dutch Prime Minister Mark Rutte on Wednesday said there is a “limit to what a government can do” to help people amid surging … Read more

Ukraine takes over former party hub Russia House

The “Russian Warcrimes House” is showing a picture exhibition documenting alleged war crimes taking place in Ukraine. Organizers hope this will help the Davos elite make future decisions about the war. Fabrice Coffrini | AFP | Getty Images DAVOS, Switzerland – The war in Ukraine is top of the agenda at the World Economic Forum … Read more

In Asia, economy and security can’t be separated

Australian Prime Minister Anthony Albanese, US President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida arrive for the Quad Leaders’ Summit in Tokyo on May 24. Saul Loeb | Afp | Getty Images TOKYO – Security deals are important, but in Asia, money talks. Australia, India, Japan and the United … Read more

West should have helped Ukraine in 2014, Zelenskyy tells Davos

Ukrainian President Volodymyr Zelensky takes questions at a press conference on April 23, 2022 in Kyiv, Ukraine. NBC News reports a senior State Department official said the US will reopen its embassy in Ukraine, possibly as early as Monday, and provide another $ 713 million in military financing for Ukraine and other regional partners. John … Read more

Google, Meta, Amazon to benefit from Ukraine war, Martin Sorrell says

Martin Sorrell, founder and chairman of media firm S4 Capital, believes the war in Ukraine has the potential to benefit three of America’s biggest tech firms. “I’m very bullish on the tech giants … because the war will have an impact on them,” Sorrell told CNBC at the World Economic Forum in Davos Monday. He … Read more

Foot Locker, Deere, DoorDash and others

Check out the companies making headlines before the bell: Foot Locker (FL) – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $ 1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of what was anticipated by analysts. Foot Locker shares … Read more

Davos is back but participants have to be vaccinated and tested

The World Economic Forum is returning to Davos in May after canceling previous meetings because of the coronavirus pandemic. Fabrice Coffrini | Afp | Getty Images The rich, famous and most powerful are once again returning to the Alpine retreat of Davos, Switzerland, next week following a two year coronavirus-induced hiatus that had forced the … Read more

Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not … Read more