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U.S. dollar falls after Fed rate hike decision

New York, US | Xinhua |  The U.S. dollar fell on Wednesday, after the Federal Reserve delivered a widely-expected interest rate hike. The dollar index, which measures the greenback against six major peers, fell 0.49 percent to 100.9027 in late trading. The Federal Open Market Committee (FOMC) decided to raise …

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COMMENT: NATO’s Ukraine tightrope

COMMENT | Kaushik Basu | Ukraine’s failure to secure an invitation to join NATO during the alliance’s annual summit in Vilnius, Lithuania, has disappointed many, including Ukrainian President Volodymyr Zelensky. But although the summit’s concluding statement did not offer a definitive timetable for Ukrainian accession, it did demonstrate a degree …

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Russia suspends participation in Black Sea grain deal

Moscow, Russia | AGENCIES |  Russia has suspended the participation in the Black Sea grain export deal, Kremlin Spokesman Dmitry Peskov said Monday. The Initiative on the Safe Transportation of Grain and Foodstuffs from Ukrainian ports, also called the Black Sea Grain Initiative,is an agreement among Russia, Ukraine, Turkey and …

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