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"
– 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"
WASHINGTON – U.S. President Joe Biden has authorized the redeployment of several hundred American troops back into Somalia, two U.S. officials said on Monday, more than a year after Donald Trump ordered their withdrawal. Prior to Trump’s withdrawal, the United States had about 700 troops in Somalia focused on helping local forces defeat the al Qaeda-linked al Shabaab insurgency."Biden approves redeployment of some ground troops to Somalia- officials"
LONDON – Russia said on Monday that it had agreed to evacuate wounded Ukrainian soldiers from the bunkers below the besieged Azovstal steel works in Mariupol to a medical facility in the Russian-controlled town of Novoazovsk. “An agreement has been reached on the removal of the wounded,” the Russian defence ministry said in a statement. “A humanitarian corridor has been opened through which wounded Ukrainian servicemen are being taken to a medical facility in Novoazovsk.”…"Russia says it will evacuate wounded Ukrainian soldiers from Azovstal"
(Corrected to say $1 billion not $1 million in the ninth paragraph.) -A Soviet-era car brand the “Moskvich” could make a surprise comeback in Russia, as Moscow takes over assets belonging to Renault following the French carmaker’s exit from the country. Moscow’s mayor Sergei Sobyanin said he would nationalise Renault’s car factory in the city, after the Western carmaker said it was selling its local business following the start of the conflict in Ukraine. The…"Return of the Moskvich: Russia to revive ‘legendary’ Soviet-era car after Renault exit"
NAIROBI – Kenya’s top two presidential candidates have announced their running mates, with veteran contender Raila Odinga opting for a champion of women’s rights and social justice and his rival William Ruto choosing a skilled political campaigner. Both selected running mates are Kikuyus, Kenya’s most populous ethnic group, as Odinga and Ruto – who hail from other communities – seek to attract Kikuyu votes. Announcing his choice, Odinga, 77, on Monday named Martha Karua, a…"Kenya presidential contenders pick rights champion, political campaigner as running mates"
PARIS – The European Union and the United States agreed on Monday to cooperate more closely to counter disrupted supply of industrial commodities and food caused by Russia’s invasion of Ukraine and to combat disinformation from Moscow. Senior EU and U.S. officials convened in Paris for the second Trade and Technology Council, a forum initially seen as a transatlantic counterweight to China, but now with a clear focus also on Russia. In a joint statement,…"EU, U.S. raise cooperation to counter Ukraine war disruption"
GENEVA – The World Health Organization warned on Monday that COVID-19 may spread rapidly in North Korea, where it said vaccination programmes had yet to begin. “With the country yet to initiate COVID-19 vaccination, there is risk that the virus may spread rapidly among the masses unless curtailed with immediate and appropriate measures,” said Poonam Khetrapal Singh, WHO’s regional director for South-East Asia, in a statement sent to journalists. In the same statement, the WHO…"COVID-19 may spread rapidly in North Korea, WHO warns"