Canadian Jobless Rate Falls to 6.4 Percent in July

(OTTAWA, CANADA) – Canada’s economy added 75,000 jobs in July, pushing the unemployment rate down to 6.4 percent, its lowest level in two years, according to the latest labour force survey from Statistics Canada. The gain represented a 0.4 percent increase in employment and followed solid jobs reports in MayContinue Reading

Moscow Aims to Choke Ukraine’s Overland Exports

(KYIV, UKRAINE) – Russia is shifting its targeting from Ukraine’s sea export routes to land corridors in a deliberate attempt to further disrupt grain and other commodity shipments and damage Ukraine’s economy, according to the Institute for the Study of War. Russian forces likely struck a bridge near Maiaky inContinue Reading

Central Bank Eases Loan Terms for Farms Hit by War in Ukraine

(KYIV, UKRAINE) – Ukraine’s central bank has moved to shield agricultural businesses from loan defaults, responding to severe damage to export infrastructure caused by intensified Russian attacks. The National Bank of Ukraine announced new rules allowing banks to avoid classifying a borrower as in default if the debtor completes aContinue Reading

Ukraine Widens Economic Front with Strikes on Russian E-Commerce Hub

(KYIV, UKRAINE) – Ukrainian drone strikes against logistics centres belonging to Wildberries, Russia’s largest online marketplace, are opening a new front in the economic dimension of the war. The attacks aim not only to disrupt supply routes used by the Russian military but also to weaken a major private businessContinue Reading

Nearly Half of Russia’s Refining Capacity Hit by Ukrainian Drone Operations

(MOSCOW, RUSSIA) – Ukrainian drone strikes have disabled more than 30% of Russia’s actual oil refining capacity and 45% of its nominal capacity, triggering the country’s worst modern fuel crisis, according to an analysis by the British newspaper Financial Times based on satellite imagery, refinery layouts, photographs and thermal infraredContinue Reading

EU Approves €8.3 Billion More Support for Ukraine in 2026

(BRUSSELS) – The European Union has approved changes to the Ukraine Facility programme, allowing Ukraine to access an additional €8.3 billion ($9.5 billion, £7.1 billion) in funding during 2026 to support reforms, recovery and reconstruction. The EU Council said the updated Ukraine Plan introduces new reform steps required before furtherContinue Reading