Month: May 2022
British government approves Boehly’s £4.25 billion Chelsea takeover
Todd Boehly pictured after the Premier League match between Chelsea and Watford at Stamford Bridge, London on Sunday 22nd May 2022. On 25th May, the U.K. government approved the £4.25bn Boehly-led consortium’s takeover of Chelsea. Ivan Yordanov/MI News | Nurphoto | Getty Images The government has approved the £4.25bn Todd Boehly-led consortium takeover of Chelsea. […]
Read More
Russia is now exposed to a historic debt default: Here’s what happens next
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into […]
Read More
Energy security, not the energy transition, is ‘front and center’ again, Petronas CEO says
Geopolitical upheaval has thrust energy security back into focus, the group CEO of Malaysian oil and gas giant Petronas said. Energy markets have been volatile since Russia invaded Ukraine in late February. The U.S. banned Russian energy imports while the EU proposed curbing purchases of Russian oil. Russia has cut off gas supplies to some […]
Read More
Situation in Donbas region ‘very difficult,’ Zelenskyy says; civilization may not survive Putin’s war, Soros warns
Civilization may not survive Putin’s war in Ukraine, George Soros says Liberal billionaire George Soros has said Russia’s invasion of Ukraine could be looked back on as the starting point of World War III. At his annual dinner amid the World Economic Forum on Tuesday evening, Soros said the course of history had changed dramatically since the […]
Read More
Ukraine uses Davos to make its pitch to the West — and takes over Russia’s former party hub
The “Russian Warcrimes House” is showing a picture exhibition documenting alleged war crimes taking place in Ukraine. Organizers hope this will help the Davos elite taking future decisions about the war. Fabrice Coffrini | AFP | Getty Images DAVOS, Switzerland — The war in Ukraine is top of the agenda at the World Economic Forum […]
Read More
Shares in Asia-Pacific nudge higher; New Zealand central bank hikes rates again
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday trade, with New Zealand’s central bank announcing yet another rate hike. Hong Kong’s Hang Seng index advanced 0.64% by the afternoon, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.145%. The Nikkei 225 in Japan climbed 0.11% while […]
Read More
North Korea fired suspected ICBM and 2 other missiles, South Korea says
People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a railway station in Seoul on May 25, 2022. South Korea’s military said North Korea fired three ballistic missiles towards the Sea of Japan. Jung Yeon-je | AFP | Getty Images North Korea test-launched a suspected […]
Read More
China is building a new bridge on a disputed Himalayan border, drawing ire from India
An Indian fighter jet flies over a mountain range in Ladakh at the height of a military confrontation with China in June 2020 during which 20 Indian soldiers died. Tauseef Mustafa | Afp | Getty Images China is building a bridge across a lake in Ladakh on China’s Himalayan border with India — a move […]
Read More
Singapore’s first quarter GDP up 3.7%, matching forecasts
People walk along the Marina Bay promenade next to the financial business district in Singapore on May 9, 2022. Singapore’s economy expanded more than initially estimated in the first quarter, official data showed on Wednesday. Roslan Rahman | Afp | Getty Images Singapore’s economy expanded more than initially estimated in the first quarter, official data […]
Read More
Warriors coach Steve Kerr angrily condemns senators for inaction on guns after Texas school shooting
A visibly angry and shaken Steve Kerr on Tuesday evening condemned senators, particularly Republican leader Mitch McConnell, for failing to act on gun legislation, hours after a gunman killed 18 children and at least one adult at an elementary school in the west Texas town of Uvalde. “When are we going to do something?” Kerr, […]
Read More