Sep 17, 2017

How 74 economies have performed this century

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Russia and Ukraine strike a deal for gas transportation

Photo: Paul Zinken/picture alliance via Getty Images

Ukraine has agreed to allow Russia to continue sending gas through the country to the rest of Europe over the next five years, AP reports.

Why it matters: Europe relies on a large amount of gas from Russia for heating and industry, AP writes. Russia sends roughly 40% of its European gas deliveries through pipelines that cross through Ukraine.

Go deeperArrowDec 21, 2019

20 Years of Putin: Tracing his rise from KGB to Kremlin

Photo Illustration: Eniola Odetunde. Photos via Mikhail Svetlov/Getty Images

Twenty years ago today, on New Year's Eve 1999, a political newcomer and former KGB operative named Vladimir Putin suddenly assumed the Russian presidency.

Part 1 of our "20 Years of Putin" special report focuses on his rise, his early years and his escalating antagonism with the West. It's based on conversations with Mikhail Khodorkovsky — the oligarch whose imprisonment in 2003 revealed Putin's ruthlessness to the world — three former U.S. ambassadors to Moscow, leading experts and former chiefs of the Pentagon and CIA. Read part 2.

Dive inArrowUpdated Dec 31, 2019 - World

World Bank cuts growth forecast for fourth time in a row

Photo: Win McNamee/Getty Images

The World Bank cut its global growth forecast for the fourth straight time on Wednesday, reducing expectations by 0.2 percentage points each year for 2019, 2020 and 2021.

"Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist. ... U.S. growth is forecast to slow to 1.8% this year, reflecting the negative impact of earlier tariff increases and elevated uncertainty."
— World Bank statement on its Global Economic Prospects report
Go deeperArrowJan 9, 2020