New York, U.S. | Xinhua | Oil prices climbed on Tuesday after the world’s major oil producers pledged to stick to their plan to gradually boost output next month. The West Texas Intermediate for February delivery added 91 cents, or 1.2 percent, to settle at 76.99 U.S. dollars a barrel on …
Read More »20 years on, euro has yet to tap its int’l potential
Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …
Read More »Dissatisfaction rises as Europeans celebrate holidays amid raging pandemic
Warsaw, Poland | Xinhua | Several European countries have seen record COVID infections in the post-Christmas days. During the holidays, surging numbers and ramped-up restrictions have led to dissatisfaction and criticism among experts and citizens. CELEBRATION AND INFECTION France has seen a sharp increase since Christmas, with 208,099 cases detected …
Read More »Omicron: 2,000-odd flights canceled on New Year’s Day in U.S
New York, US | Xinhua | Over 2,000 flights have been canceled on New Year’s Day as the Omicron variant of COVID-19 continued to upend airline operations during the holiday travel season in the United States. According to FlightAware, a flight-tracking website, 2,311 flights entering, leaving or within the United …
Read More »World’s largest trade deal enters into force
Jakarta, Indonesia | Xinhua | The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest trade deal so far, enters into force on Saturday. The mega free trade agreement has been applauded by the Asia-Pacific region as an important step toward deeper regional integration and a renewed worldwide momentum for free …
Read More »Biden’s foreign policy in 2021 causes concern over U.S. global standing
Washington, U.S. | Xinhua | The Biden administration’s foreign policy has diminished the U.S. global standing with “repeated blunders,” Fox News has reported, citing foreign policy experts and lawmakers. “The U.S. military withdrawal from Afghanistan in August 2021 drew global backlash after the Taliban swiftly seized control of Kabul,” said the …
Read More »U.S. House Jan. 6 panel asks Supreme Court to deny Trump’s bid to shield records
Washington, U.S. | Xinhua | The U.S. House select committee investigating the Jan. 6 Capitol riot on Thursday asked the Supreme Court to reject former President Donald Trump’s bid to block the release of his White House’s records requested in the ongoing probe. Lawyers for the select committee in a brief …
Read More »WHO warns of “tsunami of cases” from Omicron, Delta
Geneva, Switzerland | Xinhua | The World Health Organization (WHO) cautioned on Wednesday that the more transmissible Omicron together with the currently circulating Delta variants might lead to “a tsunami of cases,” putting immense pressure on national health systems. Recapping WHO’s response since the onset of the COVID-19 pandemic, Director-General …
Read More »Omicron wave rattles world as countries smash daily records
Washington, U.S. | Xinhua | The United States and European countries have shattered records for daily COVID-19 cases, driven by the Omicron variant that is sweeping the globe and hampering global efforts to tame the coronavirus. U.S. CASES HIT RECORD HIGH The lightning spread of the Omicron variant in the United …
Read More »UN chief urges that recovery be “resolution for 2022”
United Nations | Xinhua | In his message for the New Year, United Nations Secretary-General Antonio Guterres on Tuesday urged everyone to strive for recovery that benefits people, the planet, and prosperity. “The world welcomes 2022 with our hopes for the future being tested by deepening poverty and worsening inequality… an …
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