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World
Russia is orchestrating a multi-front offensive involving up to 175,000 troops as soon as next year, The Washington Post reported Friday, as Ukraine warned that a large-scale attack might be planned for next month. Moscow's plans "involve extensive movement of 100 battalion tactical g...
The United States, Brazil, Canada, and Saudi Arabia became the latest countries Friday to restrict travel from southern Africa, where a new Covid strain labelled a "variant of concern" has been discovered in a potentially heavy blow to the world's efforts to end the coronavirus pandemi...
The United States has called on Yemen’s Houthi rebels to release an unspecified number of detained Yemenis who work for the US embassy in the capital, Sanaa.The compound that previously served as the embassy – operations were moved to Saudi Arabia years ago because of Yemen’s war &...
Business & Commerce
IMF chief Kristalina Georgieva on Sunday urged world leaders gathered at the COP26 summit in Glasgow to show greater policy ambition, calling climate change a "grave threat to macroeconomic and financial stability."Georgieva published a blog post titled "Climate Threat Demands More Am...
The United States is discussing Turkey's request to buy F-16 fighters after a deal for more advanced F-35s was scrapped due to Ankara's purchase of a Russian missile system, officials said.Turkish President Recep Tayyip Erdogan said on October 17 that Ankara wants to buy the cheaper F-16s us...
The US economic expansion slowed dramatically in the third quarter to an annual rate of just two percent as consumer spending was choked by resurgent Covid-19 infections, the government said Thursday.The spread of the Delta variant of the virus over the summer combined with renewed restrictions and ...
NASA said Friday it is now targeting February 2022 for the uncrewed lunar mission Artemis 1, the first step in America's plan to return humans to the Moon later this decade.The space agency had initially wanted to launch the test flight by the end of this year, with astronauts on the ground by 2...
Despite a risk that high inflation in the United States could persist, it would be "premature" to raise borrowing rates and risk slowing the economic recovery, Federal Reserve Chair Jerome Powell said Friday.The US central bank chief acknowledged that supply constraints and shortages that ...
Bank & Insurance
The stunning recent runup in global oil prices could threaten economic growth, and is unlikely to retreat until 2023, the World Bank said Thursday.Average crude prices are expected to end the year at $70 a barrel, 70 percent higher than in 2020, according to the latest Commodity Markets Outlook.&nbs...
IMF chief economist Gita Gopinath will leave her post and return to Harvard University's economics department in January, the fund announced Tuesday.Harvard extended Gopinath's leave of absence by one year, which allowed her to serve at the IMF for three years, the statement said.She he...
NASA launched a spacecraft called Lucy on a 12-year mission to explore Jupiter's Trojan asteroids for the first time on Saturday, gathering new insights into the solar system's formation.The Atlas V rocket responsible for propelling the probe took off at 5:34 am local time (0934 GMT) from Ca...
The IMF has approved a fourth round of debt relief for 24 poor nations including new recipients Lesotho and Kyrgyzstan to help them weather the Covid-19 pandemic, according to a statement released Friday.The relief was provided under the Washington-based crisis lender's Catastrophe Containment a...
Three national US monuments will have their protected status restored Friday, continuing Joe Biden's efforts to roll back the environmental policies of his predecessor.Under Donald Trump protections around natural areas -- often home to endangered species or archaeological sites -- were rolled b...
World,Back Page
US President Joe Biden and the leaders of Australia, India and Japan promised Friday to work together for a stable, open and democratic Indo-Pacific in a veiled dig at China during their first in-person summit together.In Biden's latest effort to cement US leadership in the face of a rising Chin...
The latest coronavirus wave in the United States driven by the Delta variant could soon peak, but experts warn against complacency and expect the virus will be part of everyday life for years to come.The seven-day-average of daily cases as of Monday was 172,000, its highest level of this surge...
US President Joe Biden talked with his Chinese counterpart Xi Jinping for the first time in seven months Thursday, urging they ensure that "competition" between the two powers does not become "conflict," the White House said.During the call, Biden's message was that the Unite...
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