Washington, U.S. | Xinhua | Due to high debt and deficit levels, countries are “under severe financial stress,” and the debt crisis is expected to “continue to worsen” in 2022, World Bank Group President David Malpass said on Monday. Noting that debt is one of the two big problems facing global …
Read More »Russian forces start battle for Donbas: Ukrainian president
Kiev, Ukraine | Xinhua | Russian forces have begun the battle for the Donbas region, but Ukraine will defend itself, Ukrainian President Volodymyr Zelensky said in a video address on Monday. “Now we can say that Russian troops have started the battle for Donbas, for which they have been preparing for …
Read More »West’s “economic blitzkrieg” against Russia fails: Putin
Moscow, Russia | Xinhua | Western countries’ “economic blitzkrieg” strategy against Russia has failed, President Vladimir Putin said Monday at a government meeting on economic issues. The main negative factor for the Russian economy in recent years has been Western sanctions, which were aimed at “quickly undermining the financial and economic …
Read More »Oil prices climb amid Libya outages
Libya outages coupled with the ongoing Ukraine crisis deepened fears about tight supplies New York, U.S. | Xinhua | Oil prices rose on Monday as reports of outages in Libya intensified concerns over supply risks. The West Texas Intermediate for May delivery added 1.26 U.S. dollars, or 1.2 percent, to settle …
Read More »Deadly U.S. mass shootings in past two years
Gun violence in the United States is aggravating Washington, U.S. | Xinhua | Three mass shootings over the weekend have again underscored that the recurrent problem of gun violence in the United States is aggravating. Over 22,000 people have died or been injured due to gun-related incidents in the United States …
Read More »UN chief welcomes creation of new IMF trust
United Nations | Xinhua | UN Secretary-General Antonio Guterres on Saturday welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman. Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the new RST effective May 1, said spokesman …
Read More »‘Pandaversary’ underlines 50 years of successful China-U.S collaboration on giant panda conservation
Washington, USA | Xinhua | Male giant panda cub Xiao Qi Ji went to great lengths to climb onto the back of his mother, Mei Xiang, only to fall down cutely before both of them were drawn to an ice cake made of their favorite treats, including sugar cane, carrots, …
Read More »Facts about Russia-Ukraine conflict: Russia says urban area of Mariupol fully controlled
Beijing, China | Xinhua | The Russia-Ukraine conflict continued on Saturday as the Russian military announced that the entire urban area of Mariupol city in eastern Ukraine has been fully controlled. The following are the latest developments: The Russian military has fully cleared the entire urban area of Mariupol of …
Read More »Twitter adopts “poison pill” after Musk’s acquisition intent
San Francisco, U.S. | Xinhua | Twitter, Inc. on Friday announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Tesla CEO Elon Musk. The Rights Plan, often called the “poison pill”, will reduce the likelihood that …
Read More »Moscow to increase missile strikes on Kiev targets
Moscow, Russia | Xinhua | Russia will expand the scale of its missile strikes on Kiev in response to any Ukrainian forces’ attacks or sabotage on Russian territory, the country’s defense ministry said Friday. “Russian troops and forces of the Donetsk People’s Republic have taken control of the Ilyich Iron and …
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