World

Norway wealth fund posts record $164 bln loss

OSLO,  (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a three-year run of soaring profits as stocks and bonds were hit by the Ukraine war and inflation.

Biden says no F-16s for Ukraine as Russia claims gains

KYIV, Ukraine/WASHINGTON  (Reuters) – The United States will not provide the F-16 fighter jets that Ukraine has sought in its fight against Russia, President Joe Biden said on Monday, as Russian forces claimed a series of incremental gains in the country’s east.

German Chancellor Olaf Scholz (left) is welcomed by Brazilian President Luiz Inacio Lula da Silva. PHOTO: AFP

Scholz bid to rally Ukraine support in South America falls flat

SANTIAGO/BRASILIA, (Reuters) – German Chancellor Olaf Scholz’s bid this week to rally support for Ukraine in the face of Russia’s invasion during his first South American tour fell flat, with Brazilian President Luiz Inacio Lula da Silva reiterating his view both parties shared blame.

U.S. to end COVID-19 emergency declarations on May 11

WASHINGTON, (Reuters) – President Joe Biden’s administration yesterday said it will end COVID-19 emergency declarations on May 11, nearly three years after the United States imposed sweeping pandemic measures to curb the spread of the illness.

UK PM Sunak sacks party chairman Zahawi over tax affairs

LONDON (Reuters) – British Prime Minister Rishi Sunak sacked Conservative Party chair Nadhim Zahawi on Sunday after an investigation found he committed a serious breach by not being open about a tax probe, the latest scandal to hit one of Sunak’s top ministers.

15/09/2021. London, United Kingdom. Secretary of State for Education, Nadhim Zahawi. 10 Downing Street. Picture by Simon Dawson / No 10 Downing Street

UK PM Sunak sacks party chairman Zahawi over tax affairs

LONDON, (Reuters) – British Prime Minister Rishi Sunak sacked Conservative Party chair Nadhim Zahawi today after an investigation found he committed a serious breach by not being open about a tax probe, the latest scandalto hit one of Sunak’s top ministers.

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