Shortages of auto parts made in Ukraine are bringing assembly lines in Europe to a halt, a sign that the disruption to Europe’s economy from the Russian invasion could be greater than expected. Volkswagen, Europe’s largest carmaker, said Tuesday that shortages of parts would force it to slow production at its main factory in Wolfsburg […]
[Follow for live updates on Biden’s 2022 State of the Union address.] President Biden used his State of the Union address to refocus the nation on how far the economy has come since the pandemic recession. But he also highlighted his plans to help slow rapid price gains, underscoring the challenge Democrats face ahead of […]
The Federal Emergency Management Agency publishes maps outlining 100-year and 500-year flood levels, but Mr. Becker said even those maps did not go far enough. There is an inherent tension, he said, because people are drawn to water, and developers are likely to follow. “And developers love the creek land because it is often low […]
The fund, according to its website, works with the “world’s foremost investors” to make direct investments in leading and promising Russian companies. It has reserved capital of $10 billion under management and has attracted over $40 billion into the Russian economy. The sanctions ban any Americans from investing in the fund and freeze any assets […]
By targeting Russia’s central bank with sanctions, experts said, American and European leaders have taken aim at what could be one of President Vladimir V. Putin’s greatest weaknesses: the country’s currency. In Russian cities, anxious customers started lining up on Sunday in front of A.T.M.s, hoping to withdraw the money they had deposited in banks, […]
The choreographer Alexei Ratmansky, the former artistic director of the Bolshoi Ballet who is now artist in residence at American Ballet Theater, was preparing a new ballet at the Bolshoi in Moscow when President Vladimir V. Putin of Russia made his announcement, early Thursday morning, that he had launched an invasion of neighboring Ukraine. Mr. […]
Biden administration officials said on Saturday that there would be new restrictions by the United States and its allies against selling rubles to Russia, undercutting the country’s ability to support its currency in the face of new sanctions on its financial sector. That, in turn, could cause inflation — and while administration officials did not […]
CAPE TOWN — On a swath of grassy land with an open view of Cape Town’s picturesque Table Mountain, a squad of yellow tractors cleared the lot for a new $300 million commercial and residential development that has stirred up debate in South Africa not just for its location, but also for its anchor tenant: […]
While the United States has imposed sanctions on and frozen the assets of some Russian oligarchs, targeting Mr. Putin directly was a significant escalation. It puts him in similar company with Presidents Bashar al-Assad of Syria and Aleksandr G. Lukashenko of Belarus, both of whom have been subject to personal sanctions by the U.S. government. […]
ImageThe war in Ukraine could drive gas prices higher at stations like this one in Brooklyn.Credit…Amir Hamja for The New York Times A measure of inflation that the Federal Reserve watches closely accelerated again in January, hitting a new 40-year high and speeding up on a monthly basis as food and energy prices climbed sharply. […]
