Fresh sanctions on Russia roll in as Biden authorizes more troops to Germany

Sanctions imposed on Russian crude oil have so far "failed completely" and new price caps could prove immaterial as well, analysts told CNBC. The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and jet fuel, from Sunday. The price cap was "invented by...

Chinese authorities said Friday that a suspected Beijing-operated spy balloon spotted hovering over sensitive U.S. airspace was in fact a civilian airship intended for scientific research. China's Foreign Ministry said in a statement that westerly wind had caused the airship to stray into U.S. territory, describing the incident as a...

Dozens of Russian and Ukrainian prisoners of war have returned home following a prisoner swap, officials on both sides said Saturday. Top Ukrainian presidential aide Andriy Yermak said in a Telegram post that 116 Ukrainians were freed. He said the released POWs include troops who held out in Mariupol during...

The European Union's ban on Russian oil product exports is slated to kick in on Feb. 5. The embargo will take effect exactly two months after the West took by far the most significant step to curtail fossil fuel export revenue funding Russia's war. It is thought that the EU's...

The U.S. military on Saturday shot down a suspected Chinese surveillance balloon. The FAA issued a ground stop in parts of North Carolina and South Carolina on Saturday afternoon "to support the Department of Defense in a national security effort." The high-altitude balloon was initially spotted over Billings, Montana, on...

The U.S. military has been monitoring a suspected Chinese surveillance balloon that has been hovering over the northern U.S. for the past few days, and military and defense leaders have discussed shooting it out of the sky, according to two U.S. officials and a senior defense official. "The United States...

Xpeng, a Chinese electric vehicle startup, on Friday launched its P7 sedan and its G9 sports utility vehicle (SUV) in Denmark, Norway, the Netherlands and Sweden. On the whole, Xpeng has priced its P7 sedan below Tesla's in Demark, Norway, the Netherlands and Sweden, even at a time when the U.S. EV maker has been cutting prices globally to stoke sales.

The 2016 campaign of former President Donald Trump agreed to invalidate its employee non-disclosure agreements in a $450,000 settlement of a federal court lawsuit. The plaintiff, Jessica Denson, who had worked as a campaign aide, will receive $25,000 under the deal, with the rest of the money going to cover legal fees and costs.

The New York district office of U.S. Rep. George Santos was vandalized with graffiti that spelled out a tri-lingual string of vulgarities against the embattled Republican congressman, police told CNBC. The words "Santos is," followed by the Greek, Mandarin and Spanish words for a scatalogical expletive, were found written on...

China's defence ministry on Sunday protested against the U.S. "attack" of an unmanned Chinese airship in the United States, saying that it was an "obvious overreaction". China reserves the right to use the necessary means to deal with similar situations, said Tan Kefei, a ministry spokesman, in a statement, without elaborating.

International Monetary Fund officials are in Islamabad for make-or-break talks over unlocking a $7 billion bailout fund. IMF officials want to see Pakistan's government implement fiscal reforms before releasing any of the funds. Pakistan only has enough foreign currency reserves to pay for roughly three weeks of imports. Pakistan's economy...

U.S. Secretary of State Antony Blinken will postpone his trip to Beijing due to a Chinese surveillance balloon flying over the United States. China's Foreign Ministry said Friday that the balloon was a civilian weather balloon intended for scientific research that was blown off course. The balloon is flying high...

Gold prices dropped on Friday to more than a three-week low after stronger-than-expected U.S. jobs data raised fears that the Federal Reserve could keep hiking interest rates. Spot gold was down 2.5% to $1,864.79 per ounce. Bullion is on track for its biggest weekly fall since early October. U.S. gold...

"He is intelligent but not experienced. His pattern suggests two-dimensional thinking." This is how Spock describes nemesis Khan Noonien Singh's somewhat linear of view of warfare in "Star Trek II: The Wrath of Khan." related investing news. Adm. James T. Kirk, however, plays three-dimensional chess to destroy Khan and laugh...