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Russia debt default looms. Pictured is the headquarters of Bank Rossii

4 things Russia could do as default looms

By Julia Horowitz, CNN Business Harsh sanctions against Russia following its invasion of Ukraine are fueling a moment of deep uncertainty for financial markets. And while the full effects of efforts to punish the world’s 11th biggest economy remain unknown, a crucial moment has arrived. What’s happening: Russia could start the clock Wednesday on its

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A Li-Ning flagship store

US to detain goods from Chinese sportswear giant Li-Ning over North Korean labor concerns

By Michelle Toh, CNN Business Li-Ning goods will be detained by US authorities after US Customs and Border Protection said an investigation indicated that the Chinese sportswear giant uses North Korean labor in its supply chain. Starting this week, the company’s merchandise will be detained at all US ports, the CBP announced Tuesday. “Such merchandise

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Traders work on the floor of the New York Stock Exchange as world markets continue to react to Russia's invasion of Ukraine

Why March is so volatile for stocks

By Paul R. La Monica, CNN Business March Madness isn’t just for college basketball fans. That phrase is also an apt description of the volatility on Wall Street, and this March is no different. Just look at what stocks have done so far this month. It began with worries about Russia’s invasion of Ukraine and

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Cameraman and editor Pierre Zakrzewski is pictured in an undated photo. An attack on a Fox News crew reporting near the Ukranian capital of Kyiv left two of the network's journalists dead and its correspondent severely injured

Veteran cameraman and Ukrainian journalist killed near Kyiv while reporting for Fox News

By Oliver Darcy and Brian Stelter, CNN Business A Monday attack on a Fox News crew reporting near the Ukrainian capital of Kyiv left two of the network’s journalists dead and its correspondent severely injured, the channel said on Tuesday. Killed in the attack were Pierre Zakrzewski, a 55-year-old longtime war photojournalist, and Oleksandra “Sasha”

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