World economy
Russia will ‘always’ be a part of OPEC+, UAE energy minister says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine. Speaking to CNBC on Monday, Suhail Al Mazrouei, a former president of the oil alliance, said no other country could match […]
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Russia claims to have changed its strategy in Ukraine — but there are doubts over its real intentions
A woman walks past huge placards bearing images of Russian President Vladimir Putin and reading “Russia does not start wars, it ends them”and “We will aim for the demilitarization and denazification of Ukraine” in the city center of Simferopol, Crimea, on March 4, 2022. Stringer | AFP | Getty Images Russia’s military strategy in Ukraine […]
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China is shutting down Shanghai in two phases to control Covid
Health workers wearing protective gear as a measure against the Covid-19 coronavirus walk down a street in Jing’an district in Shanghai on March 26, 2022. Hector Retamal | Afp | Getty Images BEIJING — China’s biggest city Shanghai began a two-stage lockdown Monday as authorities attempt different strategies to maintain growth, while trying to control […]
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Treasury Secretary Yellen sees no need for China sanctions as U.S. tries to deter aid to Russia
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China because of its ties to Russia. “I don’t think that that’s necessary or appropriate,” the Treasury secretary told “Squawk Box” of potential penalties on Beijing. “Senior administration officials are talking privately and quietly with China to make […]
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Boris Johnson says Putin has crossed red line ‘into barbarism’ as UK slaps on more sanctions
British Prime Minister Boris Johnson disembarks from his plane, as he arrives to take part in a NATO summit to discuss Russia’s invasion of Ukraine, on March 24, 2022 in Brussels, Belgium. Pool | Getty Images News | Getty Images LONDON — British Prime Minister Boris Johnson said Thursday that Russian President Vladimir Putin has […]
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Putin’s invasion of Ukraine is seen as his biggest ever mistake — and it will harm Russia for years to come
Russian President Vladimir Putin attends a concert marking the eighth anniversary of Russia’s annexation of Crimea at the Luzhniki stadium in Moscow on March 18, 2022. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin has been in power for more than two decades and during that time has carefully cultivated an image […]
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Why don’t kids get Covid badly? Scientists are unraveling one of the pandemic’s biggest mysteries
A child reacts while receiving a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at Smoketown Family Wellness Center in Louisville, Kentucky, U.S., November 8, 2021. Jon Cherry | Reuters LONDON — One of the enduring mysteries of the Covid-19 pandemic, a global health crisis that has led to over 6 million fatalities, is that […]
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European markets head for lackluster open ahead of NATO summit focused on Ukraine
LONDON — European stocks are expected to open slightly higher on Thursday with regional investors keeping a close eye on developments in Ukraine, and key meetings of NATO, EU and G-7 leaders in Brussels. The U.K.’s FTSE index is seen opening 7 points higher at 7,460, Germany’s DAX 8 points higher at 14,296, France’s CAC […]
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Black box from crashed Boeing jet is on its way to Beijing for analysis, state media says
Zhu Tao, director of the aviation safety office at the Civil Aviation Administration of China, speaks during a press conference at a hotel in Wuzhou on March 23, 2022. Noel Celis | Afp | Getty Images BEIJING — Search and rescue teams have found a black box and human remains at the China Eastern Airlines […]
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Intel CEO says semiconductors are like oil — making more in U.S. can avoid global crises
Intel CEO Pat Gelsinger on Wednesday likened semiconductors to oil, suggesting that computer chips will play a central role in international relations in the decades ahead. “Oil reserves have defined geopolitics for the last five decades. Where the fabs [factories] are for a digital future is more important,” Gelsinger said in an interview on CNBC’s […]
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