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Oil prices drop amid recession worries, U.S. dollar strength

New York, U.S. | Xinhua | Oil prices fell on Thursday as traders grew concerned that major central banks’ policy tightening would trigger a global recession and cripple demand for energy. The West Texas Intermediate (WTI) for January delivery lost 1.17 dollars, or 1.5 percent, to settle at 76.11 U.S. dollars …

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UN chief highlights importance of multilateralism

United Nations | Xinhua | UN Secretary-General Antonio Guterres on Wednesday reiterated his commitment to strengthening multilateralism, and expressed his belief in UN’s role in brokering solutions to global challenges. Addressing a Security Council meeting on multilateralism, Guterres said that strengthening multilateralism to address today’s global challenges has been his highest …

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Founder of crypto exchange FTX faces charges from multiple U.S. agencies

New York, U.S. | Xinhua | Multiple U.S. agencies have filed charges against Sam Bankman-Fried, founder and former chief executive officer of cryptocurrency derivatives exchange FTX, which went into bankruptcy in November 2022. The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Bankman-Fried with defrauding investors and customers in crypto …

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Low fat diets could prevent cancer growth: Study

Cancers with IDH1 mutations are addicted to lipids Canberra, Australia | Xinhua | A low fat diet could hold the key to stopping cancer growth, an Australian research has found. In a study published on Tuesday, researchers from the South Australian Health and Medical Research Institute (SAHMRI) and the University …

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EU faces potential natural gas shortage in 2023: IEA

Brussels, Belgium | Xinhua | The European Union (EU) could face a shortfall of nearly 30 billion cubic meters (bcm) of natural gas in 2023, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. He presented a report titled “How to avoid gas shortages in the European …

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