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Power problems hit Ukrainian businesses after fresh missile strikes

Ukraine's energy company warns of even more power-cuts after fresh missile strikes

Ukraine's energy company warns of even more power-cuts after Russia sent a new volley of missiles, hitting the country's already damaged electricity and water systems - so how possible is it do to business at all there? We're joined by Alex Dayrabekov who runs a tech company in Bucha - 40 minutes from Kyiv.

It's been a rollercoaster day for oil prices, with big drops in the benchmark rates after an earlier rise. And part of the reason seems to be the new $60 per barrel price cap on Russian seaborne crude oil which took effect on Monday, supported by the EU, the G7 and Australia. Dr Adnan Vatansever, reader at King's College London's Russia Institute, explains all.

April Joyner, from Business Insider, joins World Business Report from New York to talk about the latest with crypto, as Standard Chartered Bank says it could plunge by 70% in 2023 - taking the value to $5,000.

Christie Pitts, investor at Backstage Capital in Oakland, California, talks about research co-authored by Federal Reserve Governor Lisa Cook which says black founders of US startups raise just one-third as much venture capital over the first five years as other comparable businesses.

(Image: A pedestrian walks down a street during a power cut in downtown Odessa on December 5, 2022, amid the Russian invasion of Ukraine. - Ukraine was targeted on December 5, 2022 by a new wave of fatal Russian missiles, the latest attack to disrupt power across the country and pile pressure on its embattled critical infrastructure as temperatures plunge. Credit: Getty Images)

Available now

27 minutes

Broadcast

  • Mon 5 Dec 2022 22:32GMT