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United States formally exits World Health Organization

The United States has officially withdrawn from the World Health Organization, marking the end of a 78-year partnership that provided the agency with roughly 15 to 18 percent of its funding through substantial voluntary contributions ranging from $160 million to $800 million annually. President Donald Trump initiated this process with an executive......

Silver surges to record highs amid China's export curbs

Silver prices have shattered historical records in early 2026, soaring past $90 per ounce for the first time ever. This unprecedented rally stems from persistent supply shortages, fresh Chinese export restrictions, and a rush of safe-haven buying, creating what experts describe as the most intense pressure on the metal in modern times. Spot......

China sets yuan below 7 per dollar for first time since 2023

Asian currencies showed mixed performance on January 23 as the dollar headed for its sharpest weekly drop in months, with gains in China's yuan and Malaysia's ringgit offsetting fresh record lows for India's and Indonesia's rupees. The dollar index hovered near 98.3 and faced a roughly 1 percent weekly loss, its worst since......

US control of Venezuelan oil jeopardizes debt repayments to China

The United States' seizure of Venezuelan oil exports has stranded shipments intended to settle the South American nation's substantial debt to China, setting the stage for a potential showdown between the two global powers. This move threatens to further delay Venezuela's efforts to emerge from default, as roughly one-tenth of......

Japan's first female PM dissolves parliament for snap election

Japan's Prime Minister Sanae Takaichi has formally dissolved the lower house of parliament, setting the stage for a snap general election on February 8. The move, announced amid cheers of "banzai" from lawmakers, initiates a brisk 12-day campaign period starting Tuesday. As the nation's inaugural female leader, Takaichi,......

Russia and China criticize NATO's emerging Greenland framework

President Donald Trump this week dropped threats of forceful acquisition of Greenland, prompting sharply contrasting responses from Russia and China to a new NATO Arctic framework. Moscow displayed a mix of glee and strategic concern, while Beijing dismissed claims portraying it as a threat to the Danish territory. The Trump administration......

China says the UK has a duty to approve its new embassy project in london

China stated on Wednesday that the United Kingdom has a legal and diplomatic obligation to approve the construction of a new Chinese embassy in London, following the British government’s recent authorization of the long-delayed project. Speaking at a regular press briefing, a spokesperson for China’s Ministry of Foreign Affairs......

Eric Schmidt warns Europe about falling behind in the global AI race

At the World Economic Forum’s annual meeting in Davos, starkly different visions for the future of artificial intelligence collided, as former Google chief executive Eric Schmidt cautioned that Europe risks becoming dependent on Chinese AI systems unless it rapidly scales up investment in its own open source capabilities. Speaking at......

Global leaders clash over trade, tariffs and technology at Davos

World leaders, top policymakers and corporate executives convened in Davos, Switzerland, for the 56th annual meeting of the World Economic Forum, held under the banner of promoting dialogue at a moment of deepening geopolitical rifts and economic uncertainty. Over the course of the week, nearly 3,000 participants from more than 130 countries......

China confirms US invitation to Trump's peace council

China confirmed Tuesday it received a U.S. invitation to join President Donald Trump's Peace Council, an international body initially designed to oversee Gaza reconstruction but now poised for a broader mandate in resolving global conflicts. Foreign Ministry spokesperson Guo Jiakun acknowledged the invitation during a regular briefing......

Natural gas prices surge on polar vortex forecasts in US and Asia

Natural gas prices climbed sharply on global markets January 19, 2026, driven by shifting weather forecasts predicting a severe polar vortex sweeping the United States, China, and Europe by late January, sparking a rush of demand-fueled trades. U.S. Henry Hub futures surged up to 18% intraday, rising from a 13-week low near $3.10 per million......

Global supply chains enter era of permanent volatility

Global value chains have shifted into an era of enduring structural volatility, compelling businesses and governments to overhaul how products are produced and distributed worldwide. This transformation, detailed in a key report from the World Economic Forum released on January 19 during its 56th annual meeting in Davos, Switzerland, marks......

IMF raises 2026 global growth forecast amid AI investment surge

The International Monetary Fund has upgraded its global growth projection for 2026 to 3.3 percent, crediting a surge in artificial intelligence investments and easing trade tensions for bolstering an economy showing unexpected resilience amid lingering political uncertainties. This marks a 0.2 percentage point increase from October estimates.......

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