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Davos returns under Ukraine cloud after Covid break

6 hours ago

President Vladimir Putin spoke at the online meeting last year, but organisers decided to exclude Russians this time as Western powers have imposed sanctions on Moscow over the Ukraine conflict.

Yellen says G7 to give Ukraine funds it needs 'to get through this'

Yellen said that funding pledges to Ukraine during the meeting exceeded the $15 billion that Kiev has estimated it needs over the next three months

8 hours ago

Samsung Electronics Vice Chairman, Jay Y. Lee

Samsung leader Lee excused from trial hearing as Biden to tour S.Korea chip plant

It would be Lee's highest-profile public appearance since he was released on parole in August last year from a bribery conviction.

8 hours ago

Kim Jong Un slams government officials for 'immature' response to Covid outbreak

North Korean leader Kim Jong-un has accused officials of "slackness and immaturity," in dealing with the country's first officially confirmed COVID-19 outbreak.

Rare double whammy hits investors: steep slumps for both stocks and bonds

The bulk of the selling in both stocks and bonds has been coming from wealthier and older investors, who are reducing their overall risk exposure, mainly through the selling of mutual funds

UN chief warns of famine, urges Russia to free Ukrainian grain

The UN chief also said that Russian food and fertilizers "must have full and unrestricted access to world markets."

Finland, Sweden submit application to join NATO

Sweden and Finland were both neutral throughout the Cold War, and their decision to join NATO is one of the most significant changes in Europe's security architecture for decades

US urges India to reverse ban on wheat exports

The UN meeting -- to be chaired by US Secretary of State Antony Blinken -- will include Vellamvelly Muraleedharan, India's minister of state for external affairs.

Baby formula makers ramp up U.S. supplies to tackle shortage

The United States will allow baby formula imports from foreign makers that do not usually sell their products there, the Food and Drug Administration said on Monday.

Oil prices open lower as EU struggles to seal Russia import ban

While Chinese demand drops, in the United States producers are ramping up in order replenish inventories that have dwindled in the wake of Russia's war on Ukraine

Ukrainian troops evacuate from Mariupol, ceding control to Russia

Russian President Vladimir Putin appeared on Monday to climb down from threats to retaliate against Sweden and Finland for announcing plans to join the U.S.-led NATO military alliance.

Snowless Davos readies new face for World Economic Forum meeting

Simply putting on the event after a two-year hiatus is welcome news to locals, who, a 2017 study showed, benefit from a $60 million windfall every time it takes place.

US in mourning, outrage after 'racist' mass shooting

Attorney General James, who is Black, described Saturday's murderous assault as "domestic terrorism, plain and simple."

Dollar starts week on strong footing on firm safe-haven bid

Crypto markets, which trade around the clock, had a quiet weekend after turmoil last week driven by TerraUSD, a so-called stablecoin, broke its dollar peg.

Biden welcomes Southeast Asian leaders with energy, security pledges

The United States said it was working with its private sector and it plans to unveil a broader package, the Indo-Pacific Economic Framework, when Biden travels next week to Tokyo and Seoul.

N.Korea reports first COVID-19 death after 350,000 sickened with fever

At least six people who showed fever symptoms died, with one of those case confirmed to have contracted the Omicron variant of the virus

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Norway, Denmark and the three Baltic states are already NATO members, and the addition of Finland and Sweden would likely anger Moscow

COVID claims 1 million U.S. lives, leaving trail of loss

The true toll, including those who died of COVID-19 as well as those who perished as an indirect result of the outbreak, was likely closer to 15 million, the WHO said.

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