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Russia-Ukraine crisis
03/11/2022
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By Mary Villareal
McDonald’s pulls out of Russia, causes frenzy among population trying to get their last fast food fix
Fast-food giant McDonald’s recently announced store closures in Russia following the country’s invasion of Ukraine, causing a buying frenzy from hungry customers. One McDonald’s lover went viral for filling their fridge full of burgers. Many others have started selling Big Macs online for as high as £250 ($325.96) after McDonald’s announced that it is closing its 850 […]
03/11/2022
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By Mary Villareal
Russian Deputy PM: Rejection of Russian oil would lead to catastrophic consequences for global market
The United States and its allies have announced sanctions on a number of Russian sectors, including banning oil imports over its invasion of Ukraine. However, Russia is not backing down. Russia retaliated by threatening to close a major gas pipeline to Germany. Russian Deputy Prime Minister Alexander Novak said in a state television address that rejection […]
03/10/2022
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By Mary Villareal
Price of wheat soars to record high as war between Russia and Ukraine continues
The war between Russia and Ukraine has already driven up gas prices. Now, the price for wheat has also surged to its highest level. Wheat price is now at a record $12.94 per bushel, up 70 percent over the last month, as measured by a futures contract on the Chicago Board of Trade. The conflict […]
03/01/2022
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By Mary Villareal
Financial pressures rise worldwide as governments witness the unfolding of the Russia-Ukraine crisis
Benchmarks rose in early trading in Tokyo and Shanghai as global investors began eyeing talks aimed at ending the Russian assault on Ukraine. The surging oil prices and increasing financial pressure from the U.S. and its allies on Russia for its invasion of Ukraine, are now adding to uncertainty about the global economic outlook. Russia, […]
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