New York, U.S. | Xinhua | U.S. pharmaceutical giant Johnson & Johnson on Tuesday trimmed its forecasts on sales and adjusted earnings per share (EPS) in 2022 due to appreciation of the U.S. dollar, and suspended COVID-19 vaccine sales guidance due to a global supply surplus and demand uncertainty. Johnson & …
Read More »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 …
Read More »IMF cuts 2022 global growth forecast to 3.6 pct amid Russia-Ukraine conflict
Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is …
Read More »Russia begins second phase of special military operation in Ukraine: Lavrov
Moscow, Russia | Xinhua | The second phase of Russia’s special military operation in Ukraine has begun, Russian Foreign Minister Sergei Lavrov said Tuesday. The operation in eastern Ukraine is aimed at “completely liberating” the populations of Donetsk and Lugansk, Lavrov said during an interview with India Today. “This operation will …
Read More »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 …
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 …
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