Ukrainian victory is ‘impossible’ – Orban

The nature of Western cooperation with Kiev during the conflict has been a failure, the Hungarian leader says The idea that Western military aid would enable Ukraine to defeat Russia on the battlefield is wrong, Hungarian Prime Minister Viktor Orban has said.

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Western firms ignoring G7’s Russian oil ‘price cap’ – Bloomberg 

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Record loss reported by world’s largest sovereign wealth fund

Norway’s state pension fund recorded a loss of nearly 15% in the first half of 2022 Norway’s trillion-dollar state pension fund, NBIM, suffered the biggest loss in its history in the first half of the year, the Financial Times reported on Wednesday, citing an official statement.

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