Putin vows revenge for strikes on Russia, Moscow launches missile attacks on Ukraine. Emergency workers evacuate people as Russia pounds Ukraine with missiles and drones. Watch the video to know more!

Russia-Ukraine war enters new phase, Putin 'trying to convince West to betray Ukraine'

Russia-Ukraine war: Russian missiles attack 2 Ukrainian cities

Kyiv, Ukraine's capital, faced a significant assault as Russia launched a massive missile and drone attack, including sophisticated hypersonic weapons. The strike, a response to an alleged Ukrainian attack on Belgorod, resulted in civilian casualties, power outages, and extensive damage across the city. Kharkiv also experienced a similar barrage, adding to the casualties and destruction. Ukraine's struggle to balance its defense resources amidst a shortage of surface-to-air missiles highlights the challenges of protecting both front lines and key cities.

Russia Unleashes Major Missile & Attack on Kyiv & Kharkiv | Gravitas

The war in Ukraine took a fierce new turn with a deadly attack by Russia that killed at least 18 people and injured over a hundred others. Russia claimed all targets were hit in Ukraine while adding that it carried out 50 group strikes and one massive strike in the last week...

Russia-Ukraine war: Russia fires missiles & drones on Ukrainian cities, at least 18 killed

Russia fires over 158 missiles & drones on Ukraine

Russia launched more than 110 missiles on Kyiv and other Ukrainian cities killing at least 10 people and wounding several others. Several powerful explosions rocked Kyiv early on Friday morning after a week of relative calm.

Russia-Ukraine war: Russia launches drone & missile strikes on Ukrainian cities

The war zone in Ukraine has turned into a testing-cum-exhibition ground for Russia's war machines. Russia is improving existing machines, developing and testing new ones in Ukraine, as buyers from around the world make notes. 22 months into the war,Russia's military gains have translated into defence boom.

Russia-Ukraine war: Russia's defence sector booms amid gains in Ukraine war | Gravitas

The United States President Joe Biden’s administration, on Wednesday (Dec 27) announced another tranche of military aid for Ukraine worth around $250 million, amid its ongoing war with Russia.

Russia-Ukraine war: US releases final Kyiv aid tranche, Ukraine welcomes the package

Watch the story to see how after a Russian ship was attacked by the Ukrainian air force in Crimea, Russia fired almost 50 shahed drones at targets in Ukraine and shelled a train station. Kyiv says the barrages killed at least five people and knocked out power in most of the southern city of kherson.

Zelensky: Russia shells Kherson train station filled with civilians

Ukraine claims to have destroyed a Russian ship in the crimea attack. At least one person reported killed in attack that targeted the Novocherkassk, which Ukraine said was being used to transport Russian drones.

Ukrainian attack on Crimean port damages Russian warship

Russian bombardment killed at least four people and injured more than five over 24 hours in the Frontline Southern Ukrainian city of Kherson. On the other hand, Russian installed officials in the Eastern town of Horka said that Kyiv's shelling killed one person.

Russia-Ukraine war: Forces captured town of Maryinka: Russia | Ukraine denies claim

Russia-Ukraine war: 'Western journalists working for Kremlin': Kyiv

Russia-Ukraine war: 71 shells fired at Kherson over 24 hours

Ukrainian President Volodymyr Zelensky speaks to media | Russia-Ukraine war

US officials are warning that funding for Ukraine will run out this month if the congress does not pass Joe Biden's emergency supplemental spending request.

US: Biden administration to use last of Ukraine funds

The European Union Council has adopted a 12th package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the weekend. The package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanctions circumvention and closing loopholes, it said.

EU adopts 12th package of economic and individual sanctions

European Union targets diamond trade, weapon-parts production with new sanctions package

Russia's battle against inflation continues. Its central bank has hiked interest rates for the fifth time in a row. The bank of russia has hiked the lending rates from 15 to 16 per cent. That's the highest level since april 2022, and shows that inflation continues to trouble the sanctions-hit country.

Bank of Russia hikes lending rates from 15 to 16 per cent

Western banks' exposure to russia is decreasing to levels last seen before the demise of the soviet union. The reasons: western sanctions & chinese lenders. Analysts at raiffeisen bank international say that banks from europe and the u.s. Will have less than $60 billion in exposure to russia in 2023. Compare that with about $40 billion at the end of the 1980s & $10 billion at the beginning of that decade. That is a decrease from $119 billion in 2021, just before the ukraine war began.

Western banks' exposure to Russia at a 3-decade low

Russia has shot down Ukrainian drones over five regions including Moscow besides two Ukrainian missiles over Azov Sea. The attack comes a day after Russia mounted a large scale drone attack on Kyiv.

Russia-Ukraine war: Russia shot down numerous Ukrainian drones in 2 border region

Hungarian Prime Minister Victor Orban has said that Ukraine was in no way ready to join the bloc. He has made it clear that he will block a proposal to start negotiations on Ukraine's EU membership at a summit in Brussels. James Jackson, journalist, and political analyst in Germany & CE Europe joins us to discuss.

Hungary PM Orban blocks EU aid for Ukraine, EU to open membership talks with Ukraine

Hungary PM Viktor Orban opposes billion dollar aid for Kyiv | WION

<o:p></o:p>WION's Business Desk brings you this daily round up of global stories from the world of business and economy.<o:p></o:p>

95pc of the Indian population remains uninsured: National Insurance Academy<o:p></o:p>

Based on data released on Thursday, the National Insurance Academy's most recent report has revealed a grim fact: 95 per cent of India's 144 crore people do not have health insurance.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/95pc-of-the-indian-population-remains-uninsured-national-insurance-academy-669845">Read more here</a> <o:p></o:p>

Ukraine unveils ambitious "Win 2030" plan: Aims for chip manufacturing &amp; AI growth<o:p></o:p>

Ukraine has unveiled its ambitious Win 2030 plan, which outlines plans to build a domestic chipmaking industry and improve artificial intelligence (AI) skills, in an effort to push itself into the forefront of high-tech businesses.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/ukraine-unveils-ambitious-win-2030-plan-aims-for-chip-manufacturing-ai-growth-669859">Read more here </a><o:p></o:p>

Alphabet's Gemini AI sparks market surge, paving the way for Google's technological leap<o:p></o:p>

Alphabet Inc., the parent company of Google, has seen a tremendous increase in market value, rising by an astounding $87 billion in a single day. The surge came after an impressive display of Alphabet's language model, Gemini, an artificial intelligence (AI) breakthrough that has been compared to ChatGPT by OpenAI.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/alphabets-gemini-ai-sparks-market-surge-paving-the-way-for-googles-technological-leap-669862">Read more here</a><o:p></o:p>

Israel-Hamas conflict takes toll on neighbouring economies, UN study warns of $10 bn impact<o:p></o:p>

According to a new U.N. report, the economic fallout from the Israel-Hamas fighting in Gaza is expected to have a significant impact on the economies of nearby Arab countries.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/israel-hamas-conflict-takes-toll-on-neighbouring-economies-un-study-warns-of-10-bn-impact-669871">Read more here</a><o:p></o:p>

Indian markets surge to record highs as Federal Reserve boosts rate cut expectations<o:p></o:p>

Thursday saw Indian benchmark indexes hit unprecedented levels as they followed a global upswing stoked by newexpectations from the Federal Reserve.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/indian-markets-surge-to-record-highs-as-federal-reserve-boosts-rate-cut-expectations-669899">Read more here</a><o:p></o:p>

Austria challenges Ukrainian blacklist to safeguard business ties with Russia<o:p></o:p>

In a diplomatic strategy, Austria is supporting fresh European Union sanctions against Russia in exchange for having Raiffeisen Bank International, the biggest Western bank in Russia, taken off a Ukrainian blacklist.<o:p></o:p>

<a href="https://wionews.com/business-economy/austria-challenges-ukrainian-blacklist-to-safeguard-business-ties-with-russia-669912">Read more here</a><o:p></o:p>

COP28 Breakthrough: World unites to shift from fossil fuels in historic climate accord<o:p></o:p>

196 nations came to a historic agreement at the COP28 climate conference in Dubai to move away from fossil fuels.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/cop28-breakthrough-world-unites-to-shift-from-fossil-fuels-in-historic-climate-accord-669924">Read more here</a><o:p></o:p>

Global oil demand faces sharp slowdown as economic woes bite, IEA warns<o:p></o:p>

Citing economic weakness in key nations, the International Energy Agency (IEA) has warned a major slowdown in the development of the world's oil demand.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/global-oil-demand-faces-sharp-slowdown-as-economic-woes-bite-iea-warns-669940">Read more here</a><o:p></o:p>

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WION's Business Desk brings you this daily round up of global stories from the world of business and economy. 95pc of the Indian population remains uninsured: National Insurance Academy Based on data released on Thursday, the National Insurance Academy's most recent report has revealed a grim fact: 95 per cent of India's 144 crore people do not have health insurance.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. 95pc of the Indian population remains uninsured: National Insurance Academy Based on data released on Thursday, the National Insurance Academy's most recent report has revealed a grim fact: 95 per cent of India's 144 crore people do not have health insurance. Read more here Ukraine unveils ambitious "Win 2030" plan: Aims for chip manufacturing & AI growth Ukraine has unveiled its ambitious Win 2030 plan, which outlines plans to build a domestic chipmaking industry and improve artificial intelligence (AI) skills, in an effort to push itself into the forefront of high-tech businesses. Read more here Alphabet's Gemini AI sparks market surge, paving the way for Google's technological leap Alphabet Inc., the parent company of Google, has seen a tremendous increase in market value, rising by an astounding $87 billion in a single day. The surge came after an impressive display of Alphabet's language model, Gemini, an artificial intelligence (AI) breakthrough that has been compared to ChatGPT by OpenAI. Read more here Israel-Hamas conflict takes toll on neighbouring economies, UN study warns of $10 bn impact According to a new U.N. report, the economic fallout from the Israel-Hamas fighting in Gaza is expected to have a significant impact on the economies of nearby Arab countries. Read more here Indian markets surge to record highs as Federal Reserve boosts rate cut expectations Thursday saw Indian benchmark indexes hit unprecedented levels as they followed a global upswing stoked by newexpectations from the Federal Reserve. Read more here Austria challenges Ukrainian blacklist to safeguard business ties with Russia In a diplomatic strategy, Austria is supporting fresh European Union sanctions against Russia in exchange for having Raiffeisen Bank International, the biggest Western bank in Russia, taken off a Ukrainian blacklist. Read more here COP28 Breakthrough: World unites to shift from fossil fuels in historic climate accord 196 nations came to a historic agreement at the COP28 climate conference in Dubai to move away from fossil fuels. Read more here Global oil demand faces sharp slowdown as economic woes bite, IEA warns Citing economic weakness in key nations, the International Energy Agency (IEA) has warned a major slowdown in the development of the world's oil demand. Read more here WATCH WION LIVE HERE

WION Business Wrap | Ukraine’s ambitious “Win 2030” plan, Alphabet’s market surge, India’s uninsured & more

Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported.<o:p></o:p>

The manoeuvre highlights Austria's economic connections with Russia, the bank's determination to sustain its lucrative business in the country, and a diminishing Western effort to isolate Moscow.<o:p></o:p>

Austria and Raiffeisen are pushing for the bank's removal from a Ukrainian list termed "international sponsors of war," which aims to publicly shame companies engaged in business with Russia, implicating support for the war effort through activities like tax payments. Despite Austria's public support for Ukraine, several officials express reluctance to sever decades-old ties with Russia, believing in the possibility of restoring relations.<o:p></o:p>

In October, Austria's Foreign Minister, Alexander Schallenberg, openly criticised the blacklist as arbitrary during a European ministers' meeting in Kyiv, as reported by a person briefed on the discussions. Raiffeisen remains the sole Austrian company on the contentious list. Austrian officials have conveyed their concerns about the list in Brussels, raising the issue at meetings with EU officials and diplomats in recent weeks.<o:p></o:p>

Bank representatives have engaged with Ukraine's National Agency of Corruption Prevention, responsible for the list, to explore avenues for Raiffeisen's removal. While some companies, like Hungary's OTP Bank, have been successfully delisted due to government intervention, this move has displeased Austrian officials and Raiffeisen.<o:p></o:p>

A Raiffeisen spokesperson expressed dissatisfaction, stating, "We find it unfair that we are on the list." The Austrian chancellery acknowledged the presentation of legal documents related to EU sanctions but refrained from providing further comments.<o:p></o:p>

Raiffeisen's presence in Russia underscores the deep economic ties between Austria and Russia, facilitated by Russian gas pipelines and financial connections. Austria's lobbying efforts, echoing Hungary's actions, risk undermining Europe's unity on the Ukrainian issue.<o:p></o:p>

While the Ukrainian blacklist lacks legal standing, its symbolic importance adds pressure on Raiffeisen to withdraw from Russia. The bank has expressed willingness to exit Russia, but concrete actions are yet to materialise. Raiffeisen had planned to spin off its Russian business, facing international regulatory pressure. Despite internal divisions within Raiffeisen's management and among the controlling Landesbanks, key Austrian officials are staunchly supporting the bank, integral to the country's economy.<o:p></o:p>

Raiffeisen, with approximately 2,600 corporate customers, 4 million local account holders, and 10,000 staff in Russia, has become a litmus test for Western resolve to sever ties with Russia. Russian authorities have signalled a desire for Raiffeisen to stay, citing its role in facilitating international payments.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported.

Austria is making a diplomatic move to have Raiffeisen Bank International, the largest Western bank in Russia, removed from a Ukrainian blacklist in exchange for endorsing new European Union sanctions against Russia, Reuters reported. The manoeuvre highlights Austria's economic connections with Russia, the bank's determination to sustain its lucrative business in the country, and a diminishing Western effort to isolate Moscow. Austria and Raiffeisen are pushing for the bank's removal from a Ukrainian list termed "international sponsors of war," which aims to publicly shame companies engaged in business with Russia, implicating support for the war effort through activities like tax payments. Despite Austria's public support for Ukraine, several officials express reluctance to sever decades-old ties with Russia, believing in the possibility of restoring relations. In October, Austria's Foreign Minister, Alexander Schallenberg, openly criticised the blacklist as arbitrary during a European ministers' meeting in Kyiv, as reported by a person briefed on the discussions. Raiffeisen remains the sole Austrian company on the contentious list. Austrian officials have conveyed their concerns about the list in Brussels, raising the issue at meetings with EU officials and diplomats in recent weeks. Bank representatives have engaged with Ukraine's National Agency of Corruption Prevention, responsible for the list, to explore avenues for Raiffeisen's removal. While some companies, like Hungary's OTP Bank, have been successfully delisted due to government intervention, this move has displeased Austrian officials and Raiffeisen. A Raiffeisen spokesperson expressed dissatisfaction, stating, "We find it unfair that we are on the list." The Austrian chancellery acknowledged the presentation of legal documents related to EU sanctions but refrained from providing further comments. Raiffeisen's presence in Russia underscores the deep economic ties between Austria and Russia, facilitated by Russian gas pipelines and financial connections. Austria's lobbying efforts, echoing Hungary's actions, risk undermining Europe's unity on the Ukrainian issue. While the Ukrainian blacklist lacks legal standing, its symbolic importance adds pressure on Raiffeisen to withdraw from Russia. The bank has expressed willingness to exit Russia, but concrete actions are yet to materialise. Raiffeisen had planned to spin off its Russian business, facing international regulatory pressure. Despite internal divisions within Raiffeisen's management and among the controlling Landesbanks, key Austrian officials are staunchly supporting the bank, integral to the country's economy. Raiffeisen, with approximately 2,600 corporate customers, 4 million local account holders, and 10,000 staff in Russia, has become a litmus test for Western resolve to sever ties with Russia. Russian authorities have signalled a desire for Raiffeisen to stay, citing its role in facilitating international payments. (With inputs from Reuters) WATCH WION LIVE HERE

Austria challenges Ukrainian blacklist to safeguard business ties with Russia