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Citi’s profits impacted by Russia charge despite strong dealmaking results

Citi's profits impacted by Russia charge despite strong dealmaking results

Citigroup’s Q4 Profit Declines Amid Operational Changes Citigroup experienced a 13% drop in profits during the fourth quarter, primarily due to significant costs associated with exiting its Russian operations due to the ongoing Ukraine conflict. However, the overall annual revenue for 2025 closed on a positive note, driven by a rise in trading activity and […]

US commander states Russia and China are not in the Arctic for peaceful purposes.

US commander states Russia and China are not in the Arctic for peaceful purposes.

Russia and China’s Arctic Expansion Raises Concerns According to a senior U.S. commander, Russia and China are ramping up their activities in the Arctic for strategic purposes rather than scientific exploration. General Alexus Grinkevitch, who serves as the Supreme Allied Commander in Europe, voiced these concerns during a recent conference in Sweden. He stated, “This […]

US blames Russia for increasing tensions in Ukraine at the UN Security Council

US blames Russia for increasing tensions in Ukraine at the UN Security Council

The United States, on Monday, expressed concern over what it termed a “dangerous and unexplained escalation” in the Ukraine war, following new Russian attacks on civilian infrastructure in Kyiv. This comes as negotiations led by the U.S. to find a resolution to the conflict are still ongoing. U.S. Deputy Ambassador to the United Nations, Tammy […]

Trump suggests the US should obtain Greenland to counter threats from Russia and China.

Trump suggests the US should obtain Greenland to counter threats from Russia and China.

Trump Advocates for Acquiring Greenland amid Security Concerns President Donald Trump recently expressed that the United States should acquire Greenland instead of merely leasing it. He argued that the lack of defense capabilities in the Arctic poses a significant risk, particularly with Russia and China showing increasing interest in the region. Trump emphasized that securing […]

Russia Deploys Hypersonic ‘Oreshnik’ Ballistic Missile in Attack on Ukraine

Russia Deploys Hypersonic 'Oreshnik' Ballistic Missile in Attack on Ukraine

Russia’s Aggressive Nighttime Assault on Ukraine KYIV, Ukraine (AP) — Officials reported that Russia launched a significant nighttime bombardment of Ukraine, employing hundreds of drones and numerous missiles, resulting in at least four fatalities in the capital. This marked the second instance, during the nearly four-year conflict, where Kyiv deployed a powerful hypersonic missile aimed […]

Trump cautions that under his leadership, Russia and China will not gain control of Greenland.

Trump cautions that under his leadership, Russia and China will not gain control of Greenland.

Trump’s Stance on Greenland and Venezuela During a meeting with about 20 oil executives on Friday, President Donald Trump expressed concerns about Russian and Chinese influence in Venezuela and Greenland. He emphasized, “We’re going to take action in Greenland.” His reasoning was quite straightforward: “If we don’t do it, Russia or China will take control, […]

Russia deploys Oreshnik missile in recent attack on Ukraine

Russia deploys Oreshnik missile in recent attack on Ukraine

On Friday, Russia announced it had deployed a new hypersonic missile, the Oleshnik, in its strikes against Ukraine. This action followed what the Kremlin described as an attempted drone assault by Ukraine aimed at President Vladimir Putin’s residence—a claim Ukraine has denied. Ukraine and U.S. officials have expressed skepticism regarding Russia’s assertion about the alleged […]