South Korea votes for new leader to tackle COVID-19, soaring house prices, inequality

It shapes up as a tight two-way race between Lee Jae-myung, the standard-bearer of the ruling Party, and Yoon Suk-yeol, from the conservative main opposition People Power Party SEOUL, South Korea – Some 44 million South Koreans headed to polls to elect the country’s next president on Wednesday, March 9, capping a race that has … Read more

Venezuela frees at least 2 Americans after talks with US – sources

(1st UPDATE) There is no immediate word on the whereabouts of the released, though they are expected to be flown out of Venezuela to the United States without delay Venezuela released at least two jailed US citizens on Tuesday, March 8, people familiar with the matter said, in an apparent goodwill gesture toward the Biden … Read more

Who is Saidamen Pangarungan, the new Comelec chairman?

Comelec Chairman Saidamen Pangarungan started his political career as an opposition candidate during the Martial Law years MANILA, Philippines – President Rodrigo Duterte named National Commission on Muslim Filipinos (NCMF) Secretary Saidamen Pangarungan as the new chairman of the Commission on Elections (Comelec), becoming only the second Muslim and Mindanaoan to lead the poll body, … Read more

Starbucks, Coke, and Pepsi join McDonald’s in halting Russia sales

Starbucks is temporarily closing hundreds of stores, PepsiCo is stopping the sale of its drinks brands, and Coca-Cola will also suspend its business in Russia NEW YORK, USA – McDonald’s, PepsiCo, Coca-Cola, and Starbucks stopped sales of their best-known products in Russia on Tuesday, March 8, offering a united rebuke of the war on Ukraine … Read more

At the top of Europe’s banks, it’s still a man’s world

Women remain rare visitors to the highest echelons of European banks. The 25 biggest banks by assets have seen 22 changes in chief executive and chair over the past two years, including announcements of upcoming appointments, according to a Reuters review of senior industry roles. Twenty-one of those 22 jobs went to men. Only one … Read more

Biden bans Russia oil imports to US, warns US gasoline prices will rise further

US President Joe Biden says ‘Russian oil will no longer be acceptable in US ports and the American people will deal another powerful blow to Putin’s war machine’ WASHINGTON, USA – US President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday, March 8, in retaliation for the invasion of … Read more

Soaring prices set stage for eventual reversal of oil, gas demand

HOUSTON, USA – Oil prices running at their hottest level in 14 years are poised to cut post-COVID-19 pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday, March 7. Global oil futures hit as much as $139 a barrel … Read more

Russian families fall out over clashing views of war in Ukraine

The war in Ukraine has divided Russian families and friends since the fighting broke out on February 24 GDANSK, Poland – When Russian actor Jean-Michel Scherbak wrote on social media that he was ashamed his country had started a war in Ukraine, his mother, a longtime supporter of Russian President Vladimir Putin, blocked him online. … Read more

Carmakers face soaring metal costs with Russian supplies at risk

LONDON, United Kingdom – Saving up for a new ride? Better start putting more cash aside. Russia’s invasion of Ukraine is ramping up the price of metals used in cars, from aluminum in the bodywork to palladium in catalytic converters to the high-grade nickel in electric vehicle batteries, and drivers are likely to foot the … Read more