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Month: March 2022

Hundreds оf Western Businesses Are Leaving Russia, Their Employees in Limbo

03/18/2022 Ranbiz

Many western companies and brands have temporarily closed their locations in Russia or stopped selling products there. But officials for the some of the companies say they will continue to…

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Ukraine War Profits Fuel Unease in Norway

03/17/2022 Ranbiz

One man’s loss may be another’s unfortunate gain, and the Ukraine conflict is proving a boon to some energy-producing nations as oil prices soar. The war has given an unexpected…

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Fewer Americans Filed for Jobless Claims Last Week 

03/17/2022 Ranbiz

Fewer Americans applied for unemployment benefits last week as layoffs continue to fall amid a strong job market rebound. Jobless claims fell by 15,000 to 214,000 for the week ending…

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Reports of Fake Banknotes Rise Amid Economic Turmoil in Myanmar

03/17/2022 Ranbiz

Reports of counterfeit banknotes circulating in Myanmar have skyrocketed in recent weeks amid the junta’s mismanagement of the economy, but experts say the military regime is ill-equipped to address the…

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Visual Explainer: Russian Disinformation 

03/17/2022 RanIT

Before Russia invaded Ukraine, the groundwork had already begun — online. Russian disinformation is a key part of what many are calling a hybrid war.  VOA’s Tina Trinh explains. …

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US Begins Inflation Fight With Key Rate Hike; More to Come

03/17/2022 Ranbiz

The U.S. Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional…

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QR Codes Seen as Key to Reviving the Fading Glory of Kashmiri Carpets 

03/16/2022 Ranbiz

Traditional Kashmiri carpet weavers are turning to a 21st century technology already embraced by French winemakers and other international purveyors to boost sales by reassuring buyers that they are buying…

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India in Talks with Russia to Buy Discounted Crude Oil

03/16/2022 Ranbiz

India is exploring the possibility of buying oil from Russia amid sanctions imposed by Western countries in the wake of its invasion of Ukraine. India’s petroleum and natural gas minister,…

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Ship From Same Firm That Blocked Suez Canal Runs Aground in US

03/15/2022 Ranbiz

A massive container ship, owned by the same company whose vessel last year blocked the Suez Canal, has run aground near the U.S. port of Baltimore, U.S. officials said Monday.…

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Facebook Owner to Help Train Australian Politicians, Influencers in Run-up to Election

03/15/2022 RanIT

Facebook owner Meta Platforms FB.O will help train Australian political candidates on aspects of cyber security and coach influencers to stop the spread of misinformation in a bid to boost…

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Putin Threatens to Nationalize Western Companies that Exit Russia

03/14/2022 Ranbiz

Russian officials have said that they will move to nationalize the assets of Western companies that pull out of their country over its invasion of Ukraine, a decision that will…

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Corporations and Big Tech Find Ways to Help Ukraine 

03/13/2022 RanIT

For many Ukrainians, staying online has been daunting as Russia attacks telecoms and power supplies, but some people, like Oleg Kutkov, a software and communications engineer, are testing out a…

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US Wants Gulf States to Boost Oil Supplies to Offset Russian Ban

03/11/2022 Ranbiz

The United States has banned Russian energy imports and wants Saudi Arabia to increase oil production to mitigate a dramatic spike in gas prices. But just how willing Gulf states…

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Not All Western Companies Sever Ties to Russia Over Ukraine

03/11/2022 Ranbiz

A shrinking number of well-known companies are still doing business in Russia, even as hundreds have announced plans to curtail ties.  Burger King restaurants are open, Eli Lilly is supplying…

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Facebook Eases Rules, Allows Violent Speech Against ‘Russian Invaders’

03/11/2022 RanIT

Facebook said Thursday that because of the invasion of Ukraine, it has temporarily eased its rules regarding violent speech. Moscow’s internationally condemned invasion of its neighbor has provoked unprecedented sanctions…

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Sudan Looks to Gold to Boost Economy, Denies Russian Smuggling   

03/10/2022 Ranbiz

Sudan’s military rulers this week announced an emergency committee to address the country’s collapsing economy and pointed to its gold mining as a possible boost. Sudan’s ambassador to Russia has…

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Twitter Offers Darkweb Site to Restore Access for Russian Users

03/10/2022 RanIT

Twitter says it has created a version of its microblogging service that can be used by Russians despite the regular version of the service being restricted in the country. The…

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US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High

03/10/2022 Ranbiz

Propelled by surging costs for gas, food and housing, consumer inflation in the U.S. jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger…

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Experts Forecast Big Boost in Oil Revenue for Some African Economies

03/10/2022 Ranbiz

While soaring oil prices hit consumers worldwide, their misfortune means a fortune for others. There will certainly be a “significant boost in government revenue” for some oil-producing African countries as…

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Ukrainian Charged in Ransomware Spree Is Extradited to US

03/10/2022 RanIT

A Ukrainian man charged last year with conducting one of the most severe ransomware attacks against U.S. targets has been extradited to the United States and made a court appearance…

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Biden Signs Cryptocurrency Oversight Order as Its Use Explodes

03/10/2022 Ranbiz

President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital…

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US House Lawmakers Urge Department of Justice to Investigate Amazon

03/09/2022 RanIT

A bipartisan group of lawmakers has written a letter asking the Department of Justice to determine whether online retailer Amazon engaged in obstruction of Congress during an investigation of the…

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 EU Agrees to Broaden Sanctions on Russian Officials, Oligarchs

03/09/2022 Ranbiz

The European Union has agreed to expand its third round of sanctions being imposed on Russia to target a larger number of oligarchs and officials close to President Vladimir Putin…

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Iraqis Protest Rise in Food Prices, Officials Blame Ukraine War 

03/09/2022 Ranbiz

Protests erupted Wednesday in Iraq’s impoverished south over a rise in food prices that officials attributed to the conflict in Ukraine.    For about a week, the price of cooking oils…

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US Banning Russian Energy Imports

03/09/2022 Ranbiz

Global oil prices soared Tuesday as President Joe Biden announced that the United States will ban imports of Russian energy — a move that could have a dramatic impact in…

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US Bans Imports of Russian Oil Amid Ukraine Invasion

03/08/2022 Ranbiz

The U.S. is banning all imports of Russian oil and gas, President Joe Biden announced Tuesday — a move that he said “will deal another powerful blow to Putin’s war…

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