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Number of refugees fleeing Ukraine war tops 5 million-UN agency

By Michael Kahn PRAGUE (Reuters) -The number of people fleeing Ukraine to escape Russia s invasion has passed 5 million in Europe s worst refugee crisis since the end of World War Two, U.N. refugee agency said on Wednesday. Russia s invasion has triggered a massive displacement of people in the nearly eight weeks since it began, including more than 7 million Ukrainians within the country. U.N. data showed that 5.03 million had fled Ukraine as of Wednesday. They have left behind their homes and families, UNHCR head Filippo Grandi said on Twitter. Many would do anything, and some even risk going back, to see their loved ones. But every new attack shatters their hopes. Only an end to the war can pave the way for rebuilding their lives. Russia launched what it calls a special military operation on Feb. 24 saying its aim was to demilitarise and denazify its southern neighbour. Kyiv and its Western allies reject that as a false pretext for an unprovoked land grab. Most refugees have crossed

Norway wealth fund posts biggest quarterly loss in 2 years

OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest, reported on Thursday its weakest quarter in two years as inflation and the Ukraine crisis hit both stock and bond valuations.

Norway wealth fund posts loss of $74 bln for Jan-March

OSLO Norway’s sovereign wealth fund, the world’s largest, posted a loss of 653 billion Norwegian crowns ($74.2 billion) in the first quarter of 2022 as the…

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