Here are the most important news, trends and analysis that investors need to start their trading day:
Traders on the floor of the NYSE, March 18, 2022.
US President Joe Biden listens as European Commission President Ursula von der Leyen delivers a statement on Russia at the US Chief of Mission’s residence in Brussels, March 25, 2022.
Brendan Smialowski | AFP | Getty Images
US and EU on Friday announcement a new partnership to reduce Europe’s dependence on Russian energy, the start of a years-long effort to further isolate Moscow after its invasion of Ukraine. Under the plan, the United States and other countries will increase their liquefied natural gas exports to Europe by 15 billion cubic meters this year. Even larger shipments will be delivered in the future. Energy is a key source of revenue and political leverage for the Kremlin, which supplies the EU with around 40% of its LNG via Russian gas pipelines, several of which cross Ukraine.
3. Biden travels to Poland to deal with the human cost of the war in Ukraine
Ukrainian evacuees board a train to Warsaw at Przemysl station near the Polish-Ukrainian border on March 23, 2022.
Angelos Tzortzinis | AFP | Getty Images
After a day of NATO and G-7 summits in Brussels, President Joe Biden is due to visit Poland on Friday – the second leg of his emergency trip to Europe, a month after Russia’s unprovoked attack on Ukraine. The President will meet his Polish counterpart over the worsening humanitarian crisis as more than 3.7 million refugees have fled war-torn Ukraine, most of them crossing the Polish border. On Thursday, Biden announced that the United States was ready to commit more than $1 billion in humanitarian assistance to help Ukrainians still inside the country and those who have become refugees.
4. Russia plans to sell energy for bitcoin to ease sanctions
March 03, 2022, Russia, Saint Petersburg: A flag with the Gazprom logo flies at a branch of the Russian state corporation in Saint Petersburg.
Igor Roussak | Image Alliance | Getty Images
Russia is considering accepting bitcoin as payment for its oil and natural gas exports as Moscow finds itself increasingly isolated under tougher Western sanctions over its assault on Ukraine. The chairman of Russia’s Energy Legislative Committee said in translated remarks on Thursday that alternative means of paying for energy when dealing with “friendly” countries such as China or Turkey could include fiat currency. national buyer and bitcoin. Commodities traded around the world are largely traded in US dollars or Euros.
5. The EU is targeting Big Tech with rules to limit their power
Google, Apple, Facebook, Amazon and Microsoft logos displayed on a mobile phone with an EU flag in the background.
Justin Tallis | AFP via Getty Images
The European Union has agreed to landmark new antitrust regulations that could radically reshape the way US tech giants – such as parent Facebook Meta Platforms, Apple, Amazon and Alphabet Unit Google — are doing business in the block. One of the main goals of the reforms is to prevent Big Tech from abusing its market position to hurt smaller rivals. So-called gatekeepers who break the rules would face fines of up to 10% of their worldwide earnings. While a finalized version of the legislation has yet to be officially adopted, it could come into force as early as October.
— CNBC Journalists Sam Meredith, Christina Wilkie, MacKenzie Sigalos and Ryan Browne as well as The Associated Press and Reuters contributed to this report.
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