President Joe Biden is set to announce plans on Thursday to send additional military aid to help Ukraine fight back against the Russian invasion, according to a US official. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said Biden will deliver a Thursday morning address at the White House …
A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres launched the report Wednesday stressing that the war is supercharging a crisis …
The Chinese mainland reported 1,366 new locally-transmitted COVID-19 infections in the last 24 hours, the National Health Commission said Monday. In addition, China’s strict lockdown in Shanghai is affecting global supply chains. Of the local confirmed cases reported Sunday, 836 were in Jilin, 425 in Shanghai, and 16 in Fujian, according to Xinhua News Agency. …
Amid escalating tensions between Russia and Ukraine, a Pakistani student stranded in the war-hit country was rescued by the Indian authorities. According to sources, Pakistan’s Asma Shafique, who was rescued by the Indian authorities, is now en route to Western Ukraine for further evacuation out of the country. She will be reunited with her family …
Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile …
India abstained from a procedural vote taken in the UN Security Council to call for a rare special emergency session of the UN General Assembly on Russia’s aggression against Ukraine. The resolution was adopted with 11 votes in favor, paving the way for the General Assembly to meet on the crisis as soon as Monday. India, …
The European Union is working on a 20 billion-euro ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, however, have yet to commit to financing the infrastructure plans, according to officials familiar with the discussions. The bloc’s plan includes …
FIFA has launched an innovative FIFA Talent Development Scheme (TDS), offering bespoke assistance to member associations (MAs) to help them achieve their full potential and continuing the measures taken to reduce the disparity in the level of football between different regions of the world. TDS is part of FIFA’s collaborative work with MAs to increase global competitiveness. World …
By Administrator_India Capital Sands The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Commission (FTC) and 48 state attorney generals on Wednesday sued the company, Facebook’s shares dropped significantly at …
By Administrator_ India Capital Sands Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic. The airline would also seek changes in conditions in its contracts …
