This week, the German government announced that it would not expand the life-span of its three remaining nuclear power plants. Instead, the country would create a new LNG terminal in 2024.
Reuters revealed this week that the US government would consider easing sanctions on Venezuelan oil exports to the United States.
At 12:45 GMT, the European Central Bank published its future monetary policy. Due to the revealed monetary tightening, the value of the Euro spiked. The EUR/USD reacted with a jump of more than 70 base points or 0.65% in less than three minutes.
UniCredit revealed this week that the bank would incur a loss of up to $8 billion due to writing off its business in Russia.
The Ukrainian government announced on Wednesday that it is banning the exports of various grains, sugar, meat and salt until the end of the year. The announcement caused a surge of these commodity prices.
This week, the European Union officials agreed upon setting up new sanctions on Russia over the invasion of Ukraine.
Danone announced on Tuesday that the company had increased investment in its brands to increase sales growth by up to 5.00%.
This week, the Norwegian sovereign wealth fund revealed that it had put Bombardier, Adani Ports and Hyundai Glovis on a watch list due to ethical concerns.
During Wednesday's trading hours, the common European currency, the Euro, surged against other assets, as the markets awaited the European Central Bank events scheduled for Thursday.
Adidas announced this week that the company would replace the company's chief in China in an effort to improve sales in the region.
On Wednesday, cryptocurrencies spiked in value, as a statement by the US Treasury Secretary Janet Yellen revealed that the US might not ban cryptocurrencies, but regulate them.
On Tuesday, Shell announced that it the company would stop purchases of Russian crude oil and cancel its involvement in the country.
This week a member of the Russian ruling party proposed the nationalization of foreign owned factories that are shutting down operations due to the ongoing war in Ukraine.
On Monday, the Swiss National Bank announced that it would intervene into the currency markets to keep the value of the Swiss Franc down. The currency has experienced recent safe haven inflows due to the war in Ukraine.
Results of a Reuters investor survey revealed this week that investor morale in the Euro Zone had plummeted from 16.6 to -7.0 points.
The Chief Executive Officer of Engie Catherine MacGregor stated on Monday that a stop of Russian energy imports would impact next winter's supplies.
During this week's trading, prices for precious metals continued to surge due to expected decrease in supply from Russia and a run to safety.
This week, various Japanese top business lobbyists announced that up to now it has been difficult to replace Russian oil imports with other sources.
NHK revealed on Friday that Panasonic Corporation intends to acquire land and construct an electric vehicle mega factory in the United States.
It has been revealed by JPMorgan that the impact of the sanctions on Russia would be close to the 1998 crisis.
Morningstar announced on March 3 that various international funds have stuck in Russian bonds and stocks nearly $60 billion.
At the start of the week's trading, crude oil price benchmarks started trading with a more than 10.00% surge. US light crude and UK's Brent oil prices reached above the $130.00 mark.
Visa has revealed that it would decrease consumer credit fees for small businesses in the US by 10%.
The rating agency S&P Global has revealed that it would decrease the rating of Russian credit to CCC- minus from BB- plus rating.