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Horn of Africa hunger could soar to 20 mln by year end: UN

United Nations | Xinhua | Drought and Ukraine conflict fallout could increase hunger in the Horn of Africa from 14 million people to 20 million by year’s end, a UN spokesman said on Tuesday. Stephane Dujarric, the chief spokesman for UN Secretary-General Antonio Guterres, said the hardest-hit countries face increasing hunger …

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World Bank expects debt crisis to continue to worsen in 2022

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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