Russia says it could seize assets Western companies leave behind
CNN
Russia said it could seize the assets of Western companies that have suspended operations in the country.
Dozens of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia's invasion of Ukraine and the ensuring sanctions.
The sanctions have hit most of Russia's financial sector, including its central bank, trashed the Russian currency and are likely to trigger a sovereign debt default and deep recession. And there may be more to come: US Treasury Secretary Janet Yellen said Thursday that Russia's economy will be "devastated" as a consequence of existing Western sanctions, "but we ... continue to consider further steps we can take."
U.S. President Donald Trump announced the names of five digital assets he expects to include in a new U.S. crypto strategic reserve on Sunday, spiking the market value of each.
Commerce Secretary Howard Lutnick said Sunday he expects the United States to impose tariffs on Canada and Mexico on Tuesday, but said President Donald Trump will determine the levels in a “fluid situation.”
American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda.
President Donald Trump signed another executive action that directs his administration to investigate potential instances of what he deems unfair trade practices for lumber the United States imports.
The Trump administration is cracking down on immigration — legal and otherwise — setting the stage for potential labor shortages, weaker economic growth and higher inflation.
Protesters gathered at more than 50 Tesla showrooms Saturday morning in protest of Elon Musk’s controversial role in slashing government.
Tariffs on Canadian and Mexican imports are looming again. And that could quickly send car prices soaring, even for those assembled in the United States.
A tentative thaw in ice-cold US-Russia relations is paving the way for American companies to do what, until recently, seemed unthinkable — return to the country three years after they left in droves.
US stocks seesawed Friday, but all three major indexes closed the month in the red — a sign of increasing unease in markets.