March 7, 2022 briefing – Quartz

Here’s what you need to knowAnother planned evacuation of Mariupol, Ukraine failed. Russian forces kept shelling the city despite a ceasefire attempt. They also damaged a pipeline supplying gas to southeastern Ukraine and strengthened their hold of the Zaporizhzhia nuclear power plant.US gas topped $4 a gallon. Prices, driven up by the war in Ukraine, haven’t been this high since 2008. Similarly, oil increased more than 10% and is nearing all-time highs.China’s GDP outlook hit a three-decade low. A real estate crisis and the country’s zero-covid policy are among the factors slowing growth to 5.5% this year.Israel mediated Russia-Ukraine talks. Prime minister Naftali Bennett held separate meetings with both governments. Meanwhile, Russia snubbed a hearing at the UN’s top court.Visa and Mastercard suspended service in Russia. The credit card giants want to further isolate the country in rebuke of its Ukraine invasion. Netflix is also pausing service in Russia, and Snapchat turned off its public map of Ukraine due to concerns for user safety.TikTok halted new posts and livestreams in Russia. The move comes days after Russia passed a “fake news” law and blocked Facebook, Twitter, and YouTube in the country (more below).📬 Kick off each morning with coffee and the…
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