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On Thursday, Russian President Vladimir Putin struck back at Western sanctions on Moscow, threatening to halt contracts supplying Europe with a third of its gas unless they are paid in roubles.
Diplomatic effort comes as the initial impact of sanctions on Russian banks, oligarchs and companies begins to wear off somewhat.
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 48.1 in March, indicating the steepest rate of contraction since February 2020, from 50.4 in the previous month.
China's factory activity slumped at the fastest pace in two years in March, a private sector purchasing managers' index (PMI) showed on Friday
U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.
Europe's biggest recipient of Russian gas, Germany, rejects Putin's demand as 'blackmail'.
Russian forces seized the Chernobyl site in the opening stages of the Feb. 24 invasion, raising fears that they would cause damage or disruption that could spread radiation.
Biden's 180 million-barrel release is equivalent to about two days of global demand, and marks the third time Washington has tapped the SPR in the past six months.
Putin's decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply.
Ukraine and Russia concluded their fresh round of face-to-face peace talks in the Turkish city of Istanbul on Tuesday.
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
Comments regarded as a deepening rift between the security partners as Russian Foreign Minister Sergei Lavrov traveled to Delhi for talks.
The White House on Wednesday released unclassified intelligence findings that Putin is being misinformed by his advisors about how badly the Russian military is performing
US Deputy National Security Adviser Daleep Singh also referred to the "no limits" partnership between Moscow and Beijing
Russia's invasion of Ukraine has roiled consumer firms across the world already contending with labor shortages and supply-chain constraints.
Russian President Vladimir Putin said that 'unfriendly' countries, including all EU members, will need to set up ruble accounts to pay for gas deliveries from April
Lavrov, who arrived on Thursday on a two-day official visit, is expected to meet and hold talks with External Affairs Minister S Jaishankar on Friday
Putin's move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a third of its gas supply.
Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.
Germany's economy minister says Europe should impose additional sanctions on Russia to prevent what he described as a barbaric war in Ukraine