Oil prices soaring 9 percent today, topping $110 dollars. Meanwhile President Biden says he could still consider banning oil imports from Russia, over its invasion of Ukraine. An official statement from China. Beijing won’t follow the west’s actions in sanctioning Russia. NTD talks to a number of experts for possible reasons. Fed chair Jerome Powell saying the central bank is on track to raise interest rates coming March, to help fight inflation. 5G applications are on show at Barcelona’s wireless trade fair–including a 5G-connected robot bartender.