and smashed, but not trashed. why more of us are fixing rather than replacing our damaged devices. we ll be getting a masterclass in gadget repair. hello. let s return to our top story it s exactly a year ago today that russia launched its full scale invasion of ukraine, beginning europe s biggest conflict since world war ii. tens of thousands killed on both sides, and an estimated 13 million people displaced from their homes or made refugees abroad. the economic impact has been global with soaring energy and food prices fuelling a cost of living crisis around the world. for russia, sanctions and growing isolation from internationalfinance. more on that in a moment. and for ukraine itself a struggle to stave off economic collapse. unfortunately, the damage done by russian aggression for ukraine is tremendous. last year, we lost particularly more than 30% of our gdp. we suffered a lot. we lost part of our territory. but we are still capable, we re still able and we still c
which started the year at under $500 a share and closed on wednesday at over $1,200 a share. that is just such a huge jump in a short time. it rose over 5% in value on wednesday alone, giving it the market cap of just over $3 trillion. let s hear more from our north america business correspondent erin delmore. wall street s on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by you guessed it nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world s second most valuable company. microsoft is still the world s number one. nvidia is only the third company to ever exceed $3 trillion in market value. it s leading in the race to develop the chips needed to enable new artificial intelligence applications. and that s where the other tech giants and a lot of companies are spending big bucks right now. nvidia shares ended the trading day up more than 5%. alphabet, amazon, apple, meta,
Baron Mikhail Khodorkovsky after more than a decade of imprisonment. Ryan chilcote joins us now with more. Around half an hour ago, he walked out of jail. That is right. ,bout 20 minutes after 12 00 russia is four hours ahead of us, this was up in the far north of russia. He was released from a prison there. He spent the last decade in prison. Some of that time knitting gloves. He was before he went to jail russias richest man about 13 billion. The principal owner of the countrys Largest Company called ukos which eventually was optioned off and became the main of another will company. Vladimir putin yesterday told russia reporters that Mikhail Khodorkovsky had requested a pardon. He said it was going to grant it. We learned about an hour ago that that pardon had been granted and we got the news that he indeed has been released from prison after 10 years in russian jails. Ryan, do we know where he is going . The thinking is that he will now go to germany. President putin yesterday said
By 1 5 today. Welcome to countdown. I am mark barton joined by one hide. The eu imposed its strictest sanctions on moscow since the iron curtain fell. We are joined by Ryan Chilcote. Lets talk about the shank the sanctions. Eu did it. It will surprise some people. Three is really the eu is going to ban state backed banks in russia from issuing new bonds and stock in europe. The second thing is they will ban some technology for the oil industry that they need for unconventional projects, more sophisticated drilling, deepsea drilling, shale deposits. The export of that material from the European Union is now banned. Get ane are going to arms embargo. The one caveat is that france will still be able to sell its warships to russia as it was hoping to do. These are not retrospective. I think obviously we were expecting these, but when you have 28 countries involved, and they all have their own vested interests, and those interests are vastly greater than the fact thaterest, the this happene
Developing, say, technology sectors, equipment manufacturing, that previously russia has been reliant on from the west? how does it grow its own industry and its spending in the military sector to establish those localised industries? there is a lot of that discussion and you hear a lot more about that in partnership with countries, mainly african, asian, south american, who will attend this week. , ., ~ , ., week. interesting, thank you. chris weafer week. interesting, thank you. chris weafer of week. interesting, thank you. chris weafer of the week. interesting, thank you. chris weafer of the eurasia i chris weafer of the eurasia consultancy macro advisory. thank you. let s get some of the day s other news now. toyota and mazda have paused production of five vehicle models amid a growing scandal affecting japan s car industry. both firms are being investigated over incorrect data on safety certification tests. toyota s headquarters was visited by officials from japan s transpor