Thai, Malaysian firms pull out of Myanmar gasfield project

Thai

PTTEP, Thailand’s oil and gas company, and Petronas, Malaysia’s oil and gas conglomerate, announced their withdrawal from Myanmar’s Yetagun gas project on Friday. After last year’s military takeover and related charges of human rights violations, big energy corporations such as Chevron and TotalEnergies have left Myanmar. According to a local monitoring group, over 1,800 civilians … Read more

Russian central bank slashes key interest rate again

Russian

Russia’s central bank announced on Friday that it was lowering its key interest rate for the second time in a row, citing a reduction in the risks of price surges and financial instability. The Bank of Russia said it would drop the rate from 17 percent to 14 percent starting next week, a bigger cut … Read more

UK pharma company fined for contaminated baby feed

UK

A British pharmaceutical business was fined over £1 million for potentially inflicting “severe injury” by selling tainted feed to preterm babies On Friday. After receiving a tainted batch of ITH Pharma’s “total parenteral nourishment,” 19 newborns were infected in nine hospitals across England. Because they were unable to feed on their own, the fluid was … Read more

US Democrats target oil giants deceive motorists

US

As record inflation threatens the party’s prospects in November’s midterm elections, US Democrats announced legislation Thursday to punish fuel companies they accuse of unfairly raising prices at the pump.. The reforms would allow regulators to levy heavy fines on companies that profit from the Ukraine conflict and a pandemic-related surge in crude prices at the … Read more

Canada looks to prosecute crimes on the Moon

Canada

Canadian MPs will vote on changing the country’s Criminal Code to allow for the prosecution of crimes committed on the Moon On Thursday. A 443-page budget implementation bill presented to Parliament this week explained the proposed modification to the law, which is expected to be passed. Ottawa has previously broadened its jurisdiction to include criminal … Read more

Court adjourns Facebook parent Meta’s Giphy tie-up appeal

Facebook

An appeal by Facebook’s owner Meta against a competition regulator’s finding that it should be forced to sell online GIF creator Giphy was deferred on Thursday by a British court. In November, the Competition and Markets Authority (CMA) determined that Meta’s acquisition of Giphy, which provides animated GIFs and small videos to major social media … Read more

Ledecky dominates in 200m free at US world championship trials

Ledecky

With a strong 200m freestyle victory at the US trials on Wednesday, Katie Ledecky stamped her ticket to a second individual event at the 2022 World Championships. Ledecky, the 2016 Olympic gold medalist in the 200m freestyle, swam 1min 55.15sec to win by nearly two seconds over 15-year-old Claire Weinstein (1:57.08). Ledecky’s time placed her … Read more

Unbeaten super featherweight champs meet in unification bout

Unbeaten

Oscar Valdez of Mexico and Shakur Stevenson of the United States, both undefeated super featherweight champions, will meet in a boxing unification bout on Saturday in Las Vegas. The winner of the bout between World Boxing Council champion Valdez (30-0, 23 KOs) and World Boxing Organization champion Stevenson (17-0, 9 KOs) would be crowned the … Read more

French army rejects Mali’s spying accusation

French

Mali accused France of espionage and violating the West African country’s airspace, which the French army denied on Thursday. Mali had accused the French army of “spying” and “subversion” on Tuesday after it used a drone to record mercenaries burying remains near a military installation.. The drone flew over the Gossi base “illegally” on April … Read more

Tiger plays at Southern Hills ahead of PGA Championship

Tiger

Tiger Woods played a practice round on Thursday at Southern Hills Country Club in Tulsa, Oklahoma, three weeks before the PGA Championship begins there. After suffering catastrophic leg injuries 14 months ago in a vehicle accident, the 15-time major champion returned to action at the Masters earlier this month. He made the cut, but battled … Read more

Controversial asylum reforms become law in UK

UK

Despite widespread outcry and charges that it violates international law, Britain hailed a “world-leading” reform of its refugee system on Thursday. Priti Patel, the Home Secretary, termed the controversial Nationality and Borders Act’s passage a “landmark” that brought about improvements suited for the twenty-first century. The bill, which was passed late Wednesday by parliament, includes … Read more

At least nine killed by bomb blasts on minibuses in Afghan city

Afghan

At least nine people were killed in two bomb blasts aboard separate minibuses in Afghanistan’s Mazar-i-Sharif on Thursday, authorities said, a week after a devastating explosion rocked a Shiite mosque in the northern city. Since the Taliban retook power in Afghanistan last August, the number of violent public attacks has decreased, but the Sunni Islamic … Read more

Erdogan tells Putin ‘ready to take initative’ on Ukraine

Turkish President

Turkish President Recep Tayyip Erdogan said Russia’s Vladimir Putin on Thursday that Ankara was capable to do more to end the war situation in Ukraine after helping arrange a Russian-US prisoner swap. Erdogan’s official stated that Putin “thanked” the Turkish leader on a  phone call for help, to put together Wednesday’s exchange of ex-Marine Trevor … Read more

Haven gold shines on Ukraine, inflation: industry data

Ukraine

Gold demand shone inside the first region as buyers sought shelter from the Ukraine battle and a long time-high inflation, enterprise records confirmed Thursday. Demand jumped with the aid of approximately a 3rd to 1,234 tonnes in the first 3 months of 2022 from a year in advance, the World Gold Council stated in a report. The … Read more

US Democrats target oil giants ‘ripping off’ motorists

US

US Democrats announced regulation Thursday to punish gasoline companies they accuse of unfairly elevating expenses on the pump, as document inflation threatens the birthday party’s possibilities in November’s midterm elections. The reforms would permit regulators to impose heavy fines on agencies exploiting the war in Ukraine and a virus-associated surge in crude prices to coins … Read more

Ukraine says identified ‘more than 8,000 cases’ of suspected war crimes

Ukraine

Ukrainian investigators have discovered more than 8,000 cases of suspected war crimes considering Russia’s invasion, Ukraine prosecutor preferred Iryna Venediktova told a German TV channel on Thursday. “It’s actually 8,600 cases only about war crimes, and more than 4,000 cases that are connected with war crimes,” Venediktova said to the Deutsche Welle broadcaster. Venediktova has … Read more

Biden proposes $33 bn package for Ukraine, targets Russian oligarchs

US

US President Joe Biden on Thursday proposed a massive $33 billion package deal for arming and helping Ukraine, saying that “caving” into Russia isn’t an option for the West as the warfare stretches into the 3rd month. Speaking from the White House, Biden also outlined proposed new laws to permit the use of luxurious belongings … Read more

Global pledges of justice for Ukraine war crime victims

Global

Several countries and organizations, inclusive of the UN, pledged on Wednesday to convey to justice any perpetrators of warfare crimes devoted at some stage in Russia’s invasion of Ukraine. They were entreated on through the Lebanese-British barrister Amal Clooney, who stated she feared “politicians calling for justice but no longer handing over it.” “My fear … Read more