Fed’s Williams sees about three years for full US recovery
The US recovery from the coronavirus-linked recession has been more robust than expected, a top Federal Reserve policymaker said on Tuesday, though he added it could be about three years before the economy regains its strength.
“We want to get back to maximum employment as soon as possible,” New York Fed President John Williams said, adding that the economy would be strong and close to full employment “in about three years time.”
Still, he added, “there’s clearly a lot of unknowns” about the next few years.
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Monkeypox virus hasn't mutated, can be contained in non-endemic countries: WHO
The World Health Organisation on Monday said there was no evidence yet to support that the monkeypox virus had mutated. WHO's emerging diseases lead Maria Van Kerkhove said the outbreaks in non-endemic countries can be contained and human-to-human transmission of the virus stopped. The more than 100 suspected and confirmed cases in the recent outbreak in Europe and North America had not yet been severe, Kerkhove added.
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Russian diplomat resigns over Ukraine war: ‘Enough is enough…’
A Russian diplomat, serving at the country's permanent mission to the United Nations in Geneva, said on Monday 'enough is enough,' adding that he is resigning from civil service to protest against Russia's ongoing invasion of Ukraine, which began on February 24. Bondarev was particularly critical of President Vladimir Putin, Sergei Lavrov, who ordered the'special military operation'on Ukrainian soil foreign minister since 2004.
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Beijing extends work-from-home order as Covid-19 cases rise
Beijing on Monday extended its work from home orders after the Chinese capital reported its biggest daily tally of Covid-19 cases , sparking fears of a full lockdown. Beijing reported 99 Covid-19 cases on Monday for Sunday, which was up from a previous daily average of around 50, pushing the total caseload over 1,400 in the ongoing month-long outbreak.
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India, US ink Investment Incentive Agreement for more fiscal support in various sectors
New Delhi: India and the US on Monday signed the Investment Incentive Agreement (IIA) that is expected to lead to enhanced investment support from America's development finance institution in a wide range of sectors. The IIA was signed in Tokyo by foreign secretary Vinay Kwatra and Scott Nathan, the chief executive officer of the US International Development Finance Corporation.
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Who is Russian soldier Vadim Shishimarin found guilty of Ukraine war crimes?
A 21-year-old Russian soldier was sentenced to life in prison by a Ukrainian court on Monday for killing an unarmed Ukrainian civilian, sealing the first guilty conviction for war crimes since Moscow's invasion three months ago. Who is Vadim Shishimarin? Shishimarin from Irkutsk in Siberia has confessed to gunning down the 62-year-old man near the central village of Chupakhivka to prevent him reporting a carjacking by fleeing Russian troops.
