The New York Times published a story last week to describe the living conditions that many Ukrainians find themselves living in nearly two years since the Russian invasion.
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WHITE HOUSE BRUSHES OFF BIDEN’S COMMENT ON ISRAEL’S INDISCRIMINATE BOMBING IN GAZA
John Kirby, the spokesman for the White House National Security Council, did his best last week to play down President Joe Biden’s comment that Israel has been conducting “indiscriminate bombing” in Gaza.
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GAZA UNFIT FOR HUMAN LIFE, UN SAYS
Philippe Lazzarini, the commissioner-general of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), said last week that the conditions on the ground in Gaza are so poor that the coastal enclave is “not really a habitable place anymore.”
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PUTIN: NO COMPARISON BETWEEN UKRAINE AND GAZA
Russian President Vladimir Putin said during his lengthy news conference last week that no sensible person can compare the conflict in Gaza with Russia’s approach to Ukraine.
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ISRAELI SOLDIERS WICKEDNESS IN GAZA CAUGHT ON VIDEO
The Israel Defense Forces, or IDF, have been forced to acknowledge publicly some troubling ruthlessness by its troops in Gaza ranging from chanting racist slogans to intentionally destroying a toy store with no military significance.
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PICTET AGREES TO $122.9-MILLION FINE IN TAX EVASION CASE
Pictet Group, Switzerland’s oldest and most prestigious private bank for the wealthy, agreed to pay $122.9 million to the U.S. Justice Department after admitting it helped American account holders conceal their foreign assets so they could evade their tax obligations.
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CANADA’S CENTRAL BANK LEAVES INTEREST RATE UNCHANGED
For the third successive meeting of its governing council, the Bank of Canada (BoC) left its key interest rate at 5 percent, saying that neither the economy nor the labor market are running at too fast a pace.
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LEAN TIMES FOR LUXURY BRANDS
Luxury brands such as Coach, LVMH, and Richemont piled up profits during the COVID War as consumers locked down at home took comfort in treating themselves. Sales in the sector grew by 15 percent in 2022, Bain & Co. reported.
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JAPAN’S MARKETS JUMP ON INTEREST RATE RUMORS
Speculation that the Bank of Japan is about to scrap its policy of negative interest rates, which has held the central bank’s key rate at -.10 percent since 2016, roiled the country’s markets last week.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: LEADERS OF UN, IMF CALL FOR END TO FOSSIL FUEL SUBSIDIES
António Guterres, UN secretary-general, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF) called for an end to global subsidies of fossil fuels, which surpassed $7 trillion in 2022, according to an IMF analysis.