One year on from the start of war in Ukraine, global markets — and investors — are still feeling the effects of Russia's invasion.

Blackstone will join other businesses, including 44 major U.S. companies, in hiring more than 22,000 refugees over the next three years.

Investors remain bearish about the global economy, but their level of dread is abating as hopes rise, and inflation and rate shocks begin to subside.

BlackRock will begin the process of liquidating its iShares MSCI Russia ETF on Aug. 17 after the SEC granted exemptive relief.