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World oil prices on Thursday breached $100 for the first time in more than seven years, this time on supply fears after major producer Russia attacked Ukraine. European benchmark Brent North Sea crude surged more than eight percent to $105.79 per barrel — the highest level since 2014. US contract West Texas Intermediate reached $100.54 per barrel, also a peak last seen more than seven years ago. That capped a meteoric rise over almost two […]
Oil surged past $105 per barrel and equities tumbled Thursday after key crude producer Russia sent forces into Ukraine, accelerating fears of a major war in eastern Europe. Asian and European stock markets nosedived — with Frankfurt shedding five percent in mid-afternoon trading — as investors fled risky equities, while haven investment, gold, rose to just over $1,955 per ounce. After weeks of warnings from the United States and other powers, Russian President Vladimir Putin […]
NATO is activating its “defence plans” for allied countries as Russia attacks non-NATO member Ukraine, alliance chief Jens Stoltenberg told a media conference on Thursday. Stoltenberg also confirmed that NATO will hold a video summit on Friday to discuss the Russian invasion of its pro-Western neighbour. And he reiterated that NATO had no “plans” to send alliance troops to Ukraine. It is the first time the alliance has publicly said it is activating its defence […]
US President Joe Biden was meeting with G7 allies Thursday to hammer out a raft of new sanctions against Russia after it invaded Ukraine, and will later speak to the American people on a crisis that he warns will cause “catastrophic loss of life.” The virtual, closed-door meeting of G7 leaders — Britain, Canada, France, Germany, Italy, Japan and the United States — was set to start at 9:00 am (1400 GMT), with Biden’s White […]
by Stuart WILLIAMS / Daphne BENOIT / Valerie LEROUX Agence France Presse PARIS, France (AFP) — Ukraine’s armed forces find themselves vastly outnumbered and outmatched in firepower by their Russian opponents, despite growing military assistance for Kyiv’s troops by the West. Russian President Vladimir Putin, whose country had massed some 150,000 troops on the border in recent months, on Thursday ordered military operations against Ukraine. There are also, according to Western estimates, some 30,000 Russian […]
KYIV, Ukraine (AFP) — Eighteen people died Thursday in an air strike on a military base near Ukraine’s Black Sea port city of Odessa, the local administration said. “Eighteen died — eight men and 10 women. At the moment, we are still digging through the rubble,” the Odessa regional administration said in a statement. The attack came on the first day of an invasion of Ukraine that President Vladimir Putin launched after sparring for […]
Other areas in the PHL to also be assessed if they can be de-escalated (Eagle News) – The Inter-Agency Task Force is set to decide whether to place Metro Manila under Alert Level 1 and will study current data if the National Capital Region, currently under Alert Level 2, is ripe for de-escalation. Health Secretary Francisco Duque III said that the IATF is set to study on Thursday, February 24, the proposal of the […]
4 more Filipinos set to arrive on Friday, Feb. 25, after Feb. 18 repatriation of 6 nationals (Eagle News) – The Philippine government is ensuring the safety of 181 Filipinos in Ukraine and is continuing repatriation of nationals who want to return to the Philippines amid the increasing Russia-Ukraine crisis. Malacanang issued the statement on Thursday, February 24, after Russian President Vladimir Putin announced his decision to conduct special military operations in Ukraine. -Palace says […]
(Eagle News) — COVID-19 cases in the Philippines rose to 3657342 after the Department of Health reported 1745 additional cases. According to the DOH, all laboratories were operational on February 22, while three labs did not submit data to the COVID-19 Document Repository System (CDRS). Of the total cases, the DOH said 55079 were active. Of these, 637 were asymptomatic, 49927 were mild, 2788 were moderate, 1428 were severe, and 299 were critical. The recovery […]
(Eagle News) – The highly infectious Covid-19 variant Omicron could also cause severe infection for vulnerable groups, including the elderly and those with comorbidities, according to an infectious disease expert. Vaccine expert panel member Dr. Rontgene Solante said they they are studying data from other countries, including the United States, showing an increase in Covid-19 cases, or what appeared to be another wave of cases due to the so-called “stealth Omicron” or the subvariant […]
Russia’s ground forces on Thursday crossed into Ukraine from several directions, Ukraine’s border guard service said, hours after President Vladimir Putin announced the launch of a major offensive. Russian tanks and other heavy equipment crossed the frontier in several northern regions, as well as from the Kremlin-annexed peninsula of Crimea in the south, the agency said. It said one of its servicemen died in a shelling attack along the Crimean border, the first officially confirmed […]
Oil prices broke past $100 and safe havens surged while equities tumbled Thursday after Russian President Vladimir Putin announced a “military operation” in Ukraine, accelerating fears of a major war. Markets have been hammered this week after the Kremlin recognised two breakaway regions in eastern Ukraine and said it would provide “peacekeepers” to the regions, leading to warnings of a conflagration. The Russian president said in a surprise statement on television: “I have made the […]
