Today’s biggest stories

Putin claims victory in defending Kazakhstan from revolt, 19 people have died in a blaze in New York City, and stocks fall further as the U.S. yield climb unnerves investors

WORLD

World tennis number one Novak Djokovic was released from Australian immigration detention after winning a court challenge to remain in the country to pursue his bid for a record 21st Grand Slam title at the upcoming Australian Open. Australia’s efforts to let the media and public watch the court appeal descended into farce as pranksters hijacked the internet links to stream loud music and porn.

Russian President Vladimir Putin claimed victory in defending Kazakhstan from what he described as a foreign-backed terrorist uprising and promised leaders of other ex-Soviet states that a Moscow-led alliance would protect them too.

With diplomats publicly pessimistic, the United States and Russia began difficult negotiations in Geneva that Washington hopes can avert the danger of a new Russian invasion of Ukraine without conceding to the Kremlin’s far-reaching security demands.

A court in military-ruled Myanmar sentenced ousted leader Aung San Suu Kyi to four years in jail on charges including possession of unlicensed walkie-talkies, a source familiar with the proceedings said. We look at the legal cases against Suu Kyi.

West African nations will close their borders with Mali, sever diplomatic ties and impose tough economic sanctions in response to its “unacceptable” delay in holding elections following a 2020 military coup, the 15-state regional bloc said.

U.S.


Nineteen people were killed, including nine children, and dozens were injured when a fire started by a malfunctioning space heater spread smoke through a low-income building in The Bronx borough of New York City.

Donald Trump’s lawyers will today try to persuade a federal judge to throw out a series of lawsuits by Democratic lawmakers and two police officers alleging that the former president incited the deadly assault on the Capitol.

Republican Representative Jim Jordan, a close confidante of Trump, said he would not cooperate with a House committee investigating the attack.

Bob Saget, an actor and comedian best known as the jovial dad on the television sitcom ‘Full House’, was found dead in a hotel room in Orlando, Florida, at age 65.

Police in Los Angeles, California, pulled the pilot from a crash-landed Cessna seconds before the aircraft was hit by a train, sending debris flying in all directions.

BUSINESS

Stock markets struggled as U.S. Treasury yields reached a new two-year high and investors fretted about the prospect of rising interest rates and a surge in COVID-19 infections.

Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad.

Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil. BP, Royal Dutch Shell, TotalEnergies, Equinor, and Eni are focusing on returning as much cash as possible to shareholders to keep them sweet as they begin a risky shift towards low-carbon and renewable energy.

Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world’s insurers, Munich Re said. Insured losses from natural catastrophes totaled around $120 billion, second only to the $146 billion in damages during the hurricane-ridden year of 2017.

Luxury carmaker Rolls-Royce, a unit of Germany’s BMW, said its sales soared 49% to a record high in 2021, as demand worldwide for luxury vehicles surged. The carmaker sold 5,586 vehicles to customers in more than 50 countries, the largest number in its 117-year history.

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