On Thursday, the Canadian government revealed a new plan to increase oil exports in a way that would not hurt the climate.
As the supply of fertilizers from Russia and Belarus was sanctioned, during this week other fertilizer company stocks surged in value.
This week, Tencent posted its slowest sales growth since 2004, as revenues increased by only 8.00%.
Tesla revealed this week that the company had produced its first vehicles in the German gigafactory.
This week, Alibaba announced that the company would increase its share buybacks to a record $25 billion.
On Tuesday, the Canadian Pacific railway company announced a restart of operations, as an agreement has been reached between the firm and worker's union.
This week, the Bank Sentral Pilipinas revealed that the central bank would start monetary tightening in the fourth quarter of 2022.
On Tuesday, Skoda announced that due to the war in Ukraine the company expects more supply issues throughout 2022.
During the early hours of Tuesday's US trading hours, US stock indices reached mid-February high levels. US indices have recovered around 10.00% from the early March low levels.
Reuters reported this week that due to the ongoing war and subsequent closure of ports Ukraine would not be able to export its grain, as 98% of exports are done via ports.
The President of the Bundesbank stated this week that the European Central Bank should raise interest rates, if inflation continues to increase.
On Monday, Bank of America commented that the decline in the ten and two year US Treasuries yield gap is signalling the possibility of an upcoming recession.
This week, the head of the US Federal Reserve Jerome Powell stated that the US Federal Reserve needs to use restrictive measures to restore price stability.
On Monday, a member of the board of the Czech National Bank stated that the bank would rather hike interest rates than increase foreign currency sales.
Reuters has reported that compliance with OPEC+ production cuts in February has increased to 136%, compared to 129% in January.
As the US Federal Reserve hiked interest rates and strengthened the USD, the price for Gold booked the largest weekly declines since November.
On Friday, the Russian Ministry of Finance announced that it had paid out government bond coupon payments in full.
Crude oil prices have resumed their surge, as talks between Ukraine and Russia have rumoured to have stopped at a dead end.
European carmaker association reported on Thursday that car sales in Europe had continued to decline in February, as monthly sales decreased by 5.4% down to 804,028.
This week, Hiroshi Watanabe, former Japan's top currency diplomat, stated that monetary tightening by the Bank of Japan would not reverse the ongoing Japanese Yen decline.
Last week, bond funds around the world experienced money outflows for a tenth consecutive week, indicating that market participants are creating cash positions.
On Thursday, Toyota announced that the company would decrease its April global production to 750,000 vehicles.
The Japanese Ministry of Finance has revealed that Japanese investors have been selling off foreign bonds. The sell-off reportedly had reached a two year high level.
The European Commission has published a plan to cut the European Union's dependency on Russian gas imports by two-thirds by the end of this year and end all reliance by 2030.