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by Benoit Finck with Anna Malpas in the Donbas Ukrainian President Volodymyr Zelensky warned Russia was likely to intensify its “hostile activity” this week, as Kyiv awaits a historic decision from the European Union on its bid for candidate status. Nearly three months after Russia launched a bloody invasion of his country, Zelensky said there had been “few such fateful decisions for Ukraine” as the one it expects from the EU this week. “Only […]
by Beiyi SEOW Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations. While the rest of the world has steadily removed coronavirus curbs, China has remained committed to its zero-Covid strategy, using lockdowns and mass testing to stamp out all infections. But this strategy has hammered businesses and snarled supply chains — 60 percent of respondents in […]
Ukraine said Monday it had lost control of a village adjacent to the eastern industrial city of Severodonetsk, the centre of weeks of fierce fighting with invading Russian troops. “Unfortunately, we do not control Metyolkine anymore. And the enemy continues to build up its reserves,” the Lugansk regional governor Sergiy Gaiday said in a statement on social media. Russia’s capture of the hamlet with a pre-war population of around 1,000 people, is the latest around […]
by Tangi QUEMENER Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s return to profit is “within reach” in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a “huge improvement” from $137.7 billion in 2020 and $42.1 billion in 2021, IATA said in an upgraded industry outlook ahead of its annual general […]
At least 26 more people have died in monsoon flooding and lightning strikes in India, as millions remained marooned in the country and neighbouring Bangladesh, authorities said Monday. Floods are a regular menace in India and Bangladesh, but experts say climate change is increasing their frequency, ferocity and unpredictability for the two countries’ 1.6 billion people. In India‘s northeastern state of Assam, three people were killed in landslides while six others died in flood waters, […]
BEIJING, China (AFP) — China’s imports of oil from Russia rose 55 percent in May, customs data showed on Monday, with the West sanctioning fuel imports from Moscow over its invasion of Ukraine. The world’s second-biggest economy imported around 8.42 million tonnes of oil from Russia last month, surpassing its shipments from Saudi Arabia, as Beijing refuses to condemn Moscow’s war. Last week, President Xi Jinping assured Vladimir Putin of China’s support on Russian “sovereignty […]
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout. The country of 22 million people is in the grip of its worst economic crisis after running out of dollars to finance even the most essential imports, including fuel. On Monday schools were shut and state offices worked with skeleton staff as […]
US President Joe Biden took a tumble as he was riding his bicycle near his beach home in the state of Delaware Saturday morning, but was unhurt. A video from a White House pool report showed the 79-year-old president immediately getting up after his fall. He then says: “I’m good.” He was biking with First Lady Jill Biden in a state park near their beach home in Rehoboth Beach, Delaware and had stopped to talk […]
by Robin MILLARD GENEVA, June 17, 2022 (AFP) The World Trade Organization concluded a landmark bundle of deals Friday covering fishing subsidies, food insecurity and Covid-19 vaccines following hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said trade ministers had struck an “unprecedented” number of agreements that would affect the lives of people everywhere. The talks in Geneva began Sunday and had been due to wrap up on Wednesday. But instead the WTO’s 164 members […]
Two Islamic militants accused of kidnapping and killing four foreigners in the restive southern Philippines were detained Friday after surrendering to the military, authorities said. The fugitives were members of the feared kidnap-for-ransom group Abu Sayyaf and have been handed over to police on Jolo island in Sulu province, regional military spokesman Alaric Delos Santos told AFP. “Their surrender does not extinguish their responsibility for these cases. That’s why we turned them over to the […]
Stock markets wobbled and oil prices sank on Friday over growing fears that inflation-fighting interest rate hikes by central banks could trigger recessions. Investors were shaken this week after the US Federal Reserve unleashed its biggest hike in borrowing costs for almost 30 years to tackle runaway consumer prices. This was followed by the fifth straight hike by the Bank of England and the first in 15 years by the Swiss central bank, underscoring the […]
by Anna Malpas with Benoit Finck in Kyiv Russian forces on Tuesday stepped up efforts to cut off Ukrainian troops in the key industrial city of Severodonetsk in the east of the country despite Ukrainians insisting they were holding on. Moscow has laid siege for weeks to the cities of Severodonetsk and Lysychansk, which are separated by a river, as the last areas in the eastern Donbas region of Lugansk still under Ukrainian control. The […]
