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Rose Conlon

Latest from Rose Conlon

  • Mar 2, 2022

    Oil and gas prices surge as fighting in Ukraine enters its seventh day

    MCKITTRICK, CALIFORNIA - NOVEMBER 03: Pumpjacks operate in the Belridge oil field on November 03, 2021 near McKittrick, California. The Biden administration pledged to cut methane emissions from oil and gas production yesterday. In California, 35,000 oil and gas wells sit idle, many of which are unplugged and could leak methane gas. Scientists estimate that one-third of human-induced global warming is caused by methane. (Photo by Mario Tama/Getty Images)

    From the BBC World Service: Brent crude oil rose above $112 a barrel for the first time since 2014, and European natural gas prices hit a fresh record as Russia’s invasion of Ukraine continues. Plus, a look at whether cryptocurrency exchanges can be held legally responsible if users use digital currencies to flout sanctions against Russia. 

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  • Mar 1, 2022

    Could Russia’s banking path around SWIFT go through China?

    (Photo by Feng Li/Getty Images)

    That’s the concern of the United States and its European allies after cutting off Russia from the SWIFT banking system. China features an interbank system known as CIPS that could, in theory, provide Russia the avenues necessary to keep its financial wheels moving. Helping us explain CIPS is Marketplace’s China correspondent Jennifer Pak. David Kelly offers up some insight into today’s market activity as oil surpasses $100 a barrel. We also look into the pathways that humanitarian aid for Ukraine can take.

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  • Mar 1, 2022

    Russia, Europe trade air bans. What could that mean for the global supply chain?

    A C-17 Globemaster cargo plane lands at Rzeszow-Jasionka Airport, south eastern Poland, on February 16, 2022. - Dozens of US paratroopers landed at Rzeszow Airport in Poland -- part of a deployment of several thousand sent to bolster NATO's eastern flank in response to tensions with Russia. (Photo by Wojtek RADWANSKI / AFP) (Photo by WOJTEK RADWANSKI/AFP via Getty Images)

    Also today: Royal Dutch Shell has become the latest energy company to announce that it’s divesting from Russian oil and gas, a move some experts say signals a “sea change” in how energy companies in the West deal with Russia. We check in on the strength of American manufacturing as demand keeps growing.

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  • Mar 1, 2022

    Global shipping companies halt shipments into and out of Russia

    The shipping giant Maersk says it's temporarily stopping all container shipping into and out of Russia.
    Mario Tama/Getty Images

    From the BBC World Service: Shipping giants, including Maersk, are responding to the growing risks of doing business with Russia and working to comply with international sanctions and restrictions. Plus, while stock markets have suffered sharp declines due to Russia’s invasion of Ukraine, cryptocurrencies have surged. And, could a cyber attack which halted Toyota’s car production in Japan be related to the country’s sanction action against Russia?

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  • Feb 28, 2022

    Dental coverage is expanding, but there still aren’t enough dentists

    At a free dental clinic day put on by Meharry Medical College in Nashville, Dr. Ratrice Jackson drills out a cavity. Hundreds lined up to get treatment at this event in 2018 since Tennessee does not provide dental coverage to most adult Medicaid patients.
    Blake Farmer/WPLN News

    Also today: The U.S. is tightening the sanction screws on Russia even more, cutting off Russia’s central bank from the financial system. Julia Coronado discusses the markets with us. 

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  • Feb 28, 2022

    How Russia could feel the sting of being excluded from SWIFT

    A protester holds a placard during a rally against Russia's invasion of Ukraine, at Place de la Republique in Paris, on Febr. 26, 2022.
    GEOFFROY VAN DER HASSELT/AFP via Getty Images

    Being cut off from the SWIFT system means Russian banks can’t legally or efficiently execute transactions.

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  • Feb 28, 2022

    Russia’s central bank hikes key interest rate as the ruble tumbles

    Russia has more than doubled its key interest rate to 20% in a bid to halt a slump in the value of the rouble.
    NATALIA KOLESNIKOVA/AFP via Getty Images

    From the BBC World Service: The Russian currency has plunged as Western sanctions take hold and fighting continues in Ukraine. The stock market in Moscow will remain closed Monday. Plus, long lines have formed at ATMs in the Russian capital as people worry about being able to access their cash.

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  • Feb 28, 2022

    How the rest of the world is denting Russia’s economic armor

    Demonstrators hold a placard calling on Russia to be banned from the Swift banking system as they attend a protest rally outside of the Russian Embassy in London, on February 26, 2022 following Russia's invasion of Ukraine. - The UK government on Friday ordered all assets of President Vladimir Putin and his Foreign Minister Sergei Lavrov frozen over Russia's invasion of Ukraine. (Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images)

    Also today: Russian banks were cut off from the SWIFT interbank messaging system, a move that nullifies those banks’ abilities to execute transactions. We spoke to Emily Kilcrease, a senior fellow at the Center for a New American Security about the toll that will take on Russia as a whole.

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  • Feb 25, 2022

    Why hasn’t Russia been cut off from the SWIFT system yet?

    BEREGSURANY, HUNGARY - FEBRUARY 25: People walk with their belongings at the Astely-Beregsurany border crossing as they flee Ukraine on February 25, 2022 in Beregsurany, Hungary. Long queues have already formed at the Hungarian-Ukrainian border crossings after Russia began a large-scale attack on Ukraine in the early hours of February 24, with explosions reported in multiple cities and far outside the restive eastern regions held by Russian-backed rebels. (Photo by Janos Kummer/Getty Images)

    Also today: Inflation jumped 6.1% in January, according to data from the Commerce Department. Amazon workers attempting to unionize have targeted the company’s use of “captive audience” anti-union presentations in a complaint.

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  • Feb 25, 2022

    Pressure mounts on governments to cut Russia from global banking system

    Kyiv came under a sustained barrage of airstrikes this morning
    AFP via Getty Images

    Ukraine has called on Western governments to go much further with their sanctions, including cutting Russian banks access to the Swift global payments system. We’ll tell you more about the system, and why EU countries are reticent to make the move. Also today, we hear one businessman’s experience of trying to flee Ukraine as the capital Kyiv comes under fire. 

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