Browsing: World news

For its military intervention in Ukraine, the European Union has imposed fresh sanctions on Russia, including prohibitions on Russian energy sector investments, luxury goods exports to Moscow, and steel imports from Russia. More corporate executives who support Russia’s government have had their assets frozen, including Chelsea football club owner Roman Abramovich as well as the head of Russian state Television Network One, Konstantin Ernst, who have been included to a blacklist that already comprises dozens of wealthy Russians. What are those new sanctions? The new sanctions come after three rounds of punitive measures, including the freezing of the Russian central bank’s assets, the exclusion of some Russian and Belarusian banks from the SWIFT banking system, and the freezing of the assets of oligarchs but also top politicians, along with Russia’s President Vladimir Putin as well as foreign minister Sergey Lavrov. According to the European Commission, the penalties include “a broad restriction on new investment in Russia’s energy industry.” The sanctions will affect Russia’s oil companies Rosneft, Transneft, and Gazprom Neft, who might face a transaction ban, although EU representatives will still be allowed to acquire their oil and gas. Impact on Companies On Monday, the EU achieved a preliminary agreement upon that new measures. The…

President Joe Biden of the United States stated on Monday that he would be willing to take action to defend Taiwan, drawing praise from the democratic, self-governing island but fierce rebuke from China. “Yes,” Biden said during a joint press conference alongside Japanese Prime Minister Fumio Kishida when asked if the US would support Taiwan if attacked. “We made that pledge,” Biden stated. “We support the policy of “one China.” We agreed to participate. From then, all of the subsequent agreements were made. But the notion that it can be seized simply by force is absurd. It is simply not proper.” On his first visit to Japan while taking office, He stated that such an act would never be planned or attempted. Taiwan’s foreign ministry expressed gratitude to Biden for confirming US backing for the island in the event of an invasion by Beijing. The remarks made by…

The wealth of billionaires has increased more in the first 24 months of COVID-19 than in the previous 23 years…

The male anchors, dressed to the nines and with nary a hair out of place, were breaking stories live on…

 Fire and logging reduce the carbon stored in Amazon forests, but the long-term impact of forest degradation on animal communities…

President Joe Biden decided to devote May 21 to strengthening ties with South Korea and its new President Yoon Suk Yeol, as the two countries discuss on how to best counter North Korea’s nuclear threat at a time when true diplomacy seems unlikely. At a meeting, Mr. Biden reminded his counterpart that their alliance is built on “shared…

In a frantic effort to prepare for an extreme fuel scarcity that is expected to endure days amid the country’s worst economic crisis in decades, Sri Lankan authorities cancelled schools and asked public personnel not to come to work on Friday. Except for those who maintain critical services, the Public Administration Ministry has asked public employees not to go to work on Friday “in light of the present gasoline crisis and challenges in transportation facilities” across the country. Thousands of people have been standing for days at a stretch at fuel stations around the country, prompting state and government approved private schools to close on Friday. Srilanka is currently almost devoid of gasoline, and other fuels are…

After over 53 days of continuous bloodshed, fighting, and facing various allegations finally the war between Russia and Ukraine is…

Yesterday, Gotabaya Rajapaksa, the President of Sri Lanka, declared a state of emergency in Sri Lanka, which has come into…

According to the country’s finance minister, Sri Lanka’s significant economic troubles will last at least two more years, who also…