S&P 500 companies suffer worst losses since 2008 global financial meltdown

Stocks saw their worst performance since the 2008 global financial crisis as the Standard & Poor’s 500 Index fell 10 points to close at 3,840 by the end of 2022, CBS News reports. A market-capitalization-weighted index of 500 leading US publicly traded companies and a key gauge of the stock market overall; the S&P 500 index was down 19.4% by the end of last year.

Russia Warns It Will Recapture Lost Land In Ukraine

Russia said Wednesday that it would recapture areas of annexed territory that fell back into Ukrainian control. Moscow’s warning came as Ukraine continued its counter-offensive, leaving thousands of Russian troops running for their lives.

Israel signs its first Free Trade Agreement with South Korea

Israel signed its first Free Trade Agreement with South Korea on Tuesday, a move which Israeli officials say will place Israel on an equal competitive footing with the world powers Seoul already has FTAs with, the Jewish News Syndicate (JNS) reports.

US Offers Prisoner Swap To Russia

Freedom appeared a little closer Thursday to several detainees after the United States offered a prisoner swap to Russia: Viktor Bout, a notorious Russian arms dealer, for Brittney Griner, the American basketball star, and Paul Whelan, a former Marine.

Indonesia: Christian Pastor murdered in Papua province

A Christian pastor was among ten people murdered by separatist gunmen in Indonesia’s Papua province on July 16, the Christian Post (CP) reports. The West Papua National Liberation Army, or TPNPB, the military wing of Papua’s main separatist group, claimed responsibility for the killings.

US, Taiwan Launch New Trade Pact

The U.S. launched a new trade pact with Taiwan on Wednesday, hoping to forge closer economic ties with the island territory that China claims as its own, while blunting Beijing’s economic clout in the region.

Israel, UAE ink ‘groundbreaking’ free trade deal, in 1st with Arab state

Israel and the United Arab Emirates signed a comprehensive, “groundbreaking” free trade agreement on Tuesday in a bid to boost economic ties between the two countries, as trade hit about $2.5 billion in the less than two years since the US-brokered Abraham Accords were inked, according to recent estimates.

G7 Gathers For Three Days Dominated By Talk Of Ukraine War

Foreign ministers and representatives from the Group of Seven leading industrialized nations (G7) gathered on Germany’s Baltic coast on May 12 for a three-day meeting dominated by the Russian invasion of Ukraine and its wider impact, including on food and energy supplies.

Son Dictator Philippines Wins Election

Nearly four decades after the ouster of their dictator, Filipinos chose his son and namesake to lead the Philippines as its next president, official results showed.

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