Bloomberg says Russia shifts focus from Kiev to East. Daily Mail connects laptop to labs. Update 1

CNBC reports: U.S. economy to slow, Europe risks recession – A complete removal of Russian oil from global supply could mean a grim outcome, economists said. ″…The consequences of a complete shut-off of Russia’s 4.3 (million barrels per day) of oil exports to the US and Europe would be dramatic,″ JPMorgan wrote over the weekend. “To the extent that this disengagement gathers steam, the size and length of the disruption — and thus the shock to global growth— will build.” Inflation estimates are 1.7 percentage points higher for this quarter and 1.6 percentage points for next.  Energy prices are spiking,… Read more »

AUCHAN ASSUMES TO STAY IN RUSSIA, A JUSTIFIED DECISION “FROM A HUMAN POINT OF VIEW” ACCORDING TO ITS CEO A withdrawal would expose its local leaders to lawsuits and bail out Russian capital, a “counterproductive” move. The CEO of Auchan Retail International, Yves Claude, defended on Sunday the maintenance of the group’s activities in Russia. In Russia, where Auchan achieves 10% of its global sales, “we have a discounter position and we believe we will contribute in a period of high inflation to protect the purchasing power of the inhabitants”, he added, specifying that he did not want to deprive… Read more »