SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…"China’s COVID controls will impact foreign investment for years – U.S. lobby"
TOKYO -Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, said on Tuesday it is targetting an up to 90% jump in pretax income in three years as it plans to beef up digital and advisory services. Setting out guidance in a mid-term presentation, Nomura said it would target annual pretax income of between 350 billion yen and 390 billion yen ($2.7 billion and $3.0 billion) for its three core divisions in the year to…"Japan’s Nomura targets up to 90% jump in core pretax income in 3 years"
– Oil prices opened lower in early Asian trade on Tuesday after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at 0004 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5%, to $113.68 a barrel. EU foreign ministers failed on…"Oil prices open lower as EU struggles to seal Russia import ban"
KYIV/NOVOAZOVSK, Ukraine – Ukraine’s military said on Tuesday it was working to evacuate all remaining troops from their last stronghold in the besieged port of Mariupol, ceding control of the city to Russia after months of bombardment. The evacuation likely marked the end of the longest and bloodiest battle of the Ukraine war and a significant defeat for Ukraine. Mariupol is now in ruins after a Russian siege that Ukraine says killed tens of thousands…"Ukrainian troops evacuate from Mariupol, ceding control to Russia"
LONDON – The cost of life-saving treatment for the most severely malnourished children is set to jump by up to 16% due to Russia’s invasion of Ukraine and pandemic disruptions, according to the United Nations’ children’s agency. The raw ingredients of the ready-to-eat-therapeutic food have leapt in price amid the global food crisis sparked by the war and pandemic, UNICEF said. Without further funding in the next six months, 600,000 more children may miss out…"U.N. warns of ‘catastrophic’ child malnutrition due to price hikes, Ukraine war"
BUFFALO, N.Y. – For many people in the neighborhood, the Tops Friendly Market was an answer to prayers when it opened for business 19 years ago, providing an oasis of fresh groceries at affordable prices in the middle of an area long considered a “food desert.” Before Tops came, residents of the blocks around Jefferson Avenue in east-central Buffalo, New York – most of them Black people – had to travel for miles to find…"An oasis in underserved Buffalo neighborhood became killing field"
ABUJA – Nigeria’s economic crimes agency said on Monday night it had arrested the country’s accountant general over charges of diverting public funds and money laundering to the tune of 80 billion naira ($193 million). Africa’s biggest economy and energy producer, Nigeria has struggled for decades with endemic corruption among senior public servants and the political elite, who many Nigerians blame for widespread poverty in the country. The Economic and Financial Crimes Commission (EFCC) said…"Nigeria’s accountant general faces corruption charges after arrest"
– A court-appointed expert released a draft New York congressional district map on Monday that is far less favorable to Democrats than the original plan adopted by lawmakers, likely dealing a blow to the party’s prospects in November elections. Democratic majorities in the state legislature in February passed a map that would likely have won the party 22 of the state’s 26 seats in the U.S. House of Representatives. This would have partially countered new…"New York congressional map deals blow to Democrats’ midterm hopes"
– As investigators delved more deeply into why a young white man went on a shooting rampage at a Buffalo, New York, grocery store, fresh details emerged on Monday about the 10 people who were killed and the three who were wounded in the racist attack. [L2N2X80NG] The 13 victims – 11 of them Black – came from many walks of life. There was a pharmacist, a church deacon, a retired police officer who worked…"Factbox-Buffalo shooting victims included deacon, retired cop, grocery worker"
MILAN -Italian energy group Eni will open bank accounts this week to pay for Russian gas after clarification that such a move will not breach sanctions, two sources said on Monday. In updated guidance on Friday, the European Commission confirmed its previous advice that EU sanctions do not prevent companies from following Russia’s payment procedures which involve opening an account at a designated Russian bank. It said companies can pay for Russian gas – so…"Eni to open bank accounts to pay for Russian gas after EU clarification – sources"