The International Energy Agency (IEA) says it predicts that demand for oil could reach record levels this year, given mainland China’s reopening of its economy. Demand for crude fell in the second half of 2022, as China’s ruling Chinese Communist Party (CCP) maintained its “zero-COVID” policy stance. The combination of mild weather and weaker industrial…
IEA Says Predicting Oil Demand to Hit Record High This Year on China’s Reopening
Freeland Tells WEF Russia’s Defeat Would ‘Boost’ Economy
Canada’s Deputy Prime Minister Chrystia Freeland told the World Economic Forum (WEF) in Davos on Jan. 18 that she’s “extremely confident” that Ukraine will defeat Russia, which would result in giving a jolt to the economy. Freeland said G7 finance ministers and governments cannot control COVID-19, the global supply chains or whether there will be…
Canada to Send 200 More Armoured Vehicles to Ukraine: Defence Minister
Defence Minister Anita Anand today announced Canada would send another 200 armoured vehicles to Ukraine in support of the country’s defence against the Russian invasion. Anand announced this latest round of military aid to Ukraine, worth $90 million, during a surprise visit to Kyiv on Jan. 18. It comes on the heels of the donation…
Russia Posts Record Current Account Surplus of $227 Billion in 2022
Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign money flowing in despite Western efforts to isolate the Russian economy. Russia’s current account—a measure of the difference between all money coming into a country through…
Ukraine Pushes for Tanks as Holdout Germany Says New Minister to Decide
DNIPRO, Ukraine/KYIV—Ukraine came a step closer on Tuesday in its bid to win a fleet of modern battle tanks it hopes could turn the course of the war with Russia, after the West’s big holdout Germany said this would be the first item on its new defenste minister’s agenda. In the central city of Dnipro,…
Aussie Troops En Route to Train Ukrainians
Australian soldiers will depart Darwin to help train Ukrainian troops as Kyiv continues to repel Russia’s invasion, which began a year ago. Up to 70 Australian personnel will join partner nations in Britain to help boost the infantry tactics and military skills of Ukrainians. No Australian troops will enter Ukraine. The United Kingdom-led program is…
Russian, Belarusian Flags Banned From Australian Open
Organisers of the Australian Tennis Open have banned the display of Russian and Belarusian flags at the Australian Open Grand Slam following a courtside incident on Jan. 16. Attendees could be seen displaying a Russian flag during a match between Ukraine’s Kateryna Baindl and Russia’s Kamilla Rakhimova in the first round on Court 14 prompting a…
Death Toll From Strike on Ukraine Apartment Building Rises to 40
DNIPRO, Ukraine—The death toll from a weekend Russian missile strike on an apartment building in the southeastern Ukrainian city of Dnipro has risen to 40, authorities said Monday, About 1,700 people lived in the multistory building, and search and rescue crews have worked nonstop since the missile strike to locate victims and survivors in the…
Russia Conducts ‘Joint Tactical Flight Drills’ With Key Ally Belarus
Strategic allies Russia and Belarus began holding wide-ranging joint military drills on Jan. 16, according to official statements from both countries. The exercises, which are set to continue until Feb. 1, will likely fuel fears of a possible Russian advance on Kyiv, which sits only 95 miles south of the Belarusian border. According to the…
Deaths From Strike on Ukraine Apartment Building Rise to 29
DNIPRO, Ukraine—The death toll from a Russian missile strike on an apartment building in the southeastern Ukrainian city of Dnipro rose to 29 Sunday, the regional governor reported as rescue workers scrambled to reach survivors in the rubble. Emergency crews worked through the frigid night and all day at the multi-story residential building, where officials…
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