Author: natixis-ezine

G7 countries to provide $19.8 billion in aid to Ukraine

natixis-ezine

Read time : 3 mins

Level : Intermediate

(Federico Gambarini/dpa via AP)

By FATIMA HUSSEIN and GEIR MOULSON Associated Press

KOENIGSWINTER, Germany (AP) — The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion.

German Finance Minister Christian Lindner told reporters that $9.5 billion of the total amount was mobilized at meetings of the G-7 finance ministers in Koenigswinter, Germany, this week.

“We agreed that Ukraine’s financial situation must have no influence on Ukraine’s ability to defend itself successfully,” he said. “We need to do our utmost to end this war.”

The money is intended to help the Ukrainian government keep basic services for its people functioning, and is separate from efforts to provide the country with weapons and humanitarian aid.

The needs are vast. Continue reading

DAVOS DIARY: Train, not plane means scenery & carbon cutting

natixis-ezine

Read time : 3 mins

Level : Advanced

(AP Photo/Kelvin Chan)

By KELVIN CHAN Associated Press

DAVOS, Switzerland (AP) — If you’re coming to Davos this year, try to take the train instead of flying, organizers of the World Economic Forum said.

So I did.

That meant a 12-hour journey from London to the exclusive gathering in the Swiss Alps, which I’m helping cover for The Associated Press.

Taking a train is much less convenient than a plane, but the scenery made up for it — the rolling farm fields of England and France gave way to Switzerland’s towering mountains and idyllic valleys dotted with chalets. And my carbon footprint will be a lot lower than a flight.

To many, Davos conjures up images of government leaders, billionaire elites and corporate titans jetting in on carbon-spewing private planes even as the meeting increasingly focuses on climate change. Continue reading

Saudi oil giant Aramco’s first-quarter profits surge 80%

natixis-ezine

Read time : 3 mins

Level : Intermediate

By ISABEL DEBRE Associated Press

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion of Ukraine.

The bumper first-quarter earnings by the firm formally known as the Saudi Arabian Oil Co., which overtook Apple as the world’s most valuable company last week, show a record net income of $39.5 billion, up from $21.7 billion during the same period last year. Continue reading

Workers grapple with new stresses as they return to office

natixis-ezine

Read time : 3 mins

Level : Advanced

(Ajinomoto Health & Nutrition via AP)

By ANNE D’INNOCENZIO AP Business Writer

NEW YORK (AP) — Last summer, Julio Carmona started the process of weaning himself off a fully remote work schedule by showing up to the office once a week.

The new hybrid schedule at his job at a state agency in Stratford, Connecticut, still enabled him to spend time cooking dinner for his family and taking his teenage daughter to basketball.

But in the next few months, he’s facing the likelihood of more mandatory days in the office. And that’s creating stress for the father of three.

Carmona, 37, whose father died from COVD-19 last year, worries about contracting the virus but he also ticks off a list of other anxieties: increased costs for lunch and gas, day care costs for his newborn baby, and his struggle to maintain a healthy work-life balance. Continue reading

Ginsburg’s tea set, coat, other items raise $800K for opera

natixis-ezine

Read time : 4 mins

Level : Intermediate

(AP Photo/Nathan Ellgren, File)

By JESSICA GRESKO Associated Press

WASHINGTON (AP) — Justice Ruth Bader Ginsburg’s silver tea set is going to a family with a 5-year-old daughter who once was Ginsburg for Halloween. A medal Ginsburg was awarded when inducted into the National Women’s Hall of Fame is going to a family that demonstrated recently for reproductive rights. And a drawing of her that hung in her office was a Utah-based scientist’s Mother’s Day gift to his wife.

All told, an online auction of 150 of items owned by the late justice raised $803,650 for Washington National Opera, one of the late justice’s passions. The auction ended in late April, and buyers are now picking up items or arranging to have them shipped to their homes in 38 states, the District of Columbia, Canada and Germany. Winning bids ranged from $850 to $55,000. Continue reading