Business

Gold as dollar gains for 5th session, retreat yields

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Gold prices have risen to their highest two

On Tuesday week, safely benefited from the metal

USD wilting and depreciating on Treasury yields

Risky appetite.

Spot gold rose 0.8% to 8 1,867.41 an ounce at 1620

GMT, after hitting a high of 8 1,868.69 since May 9

US gold futures rose 1% to 8 1,867.00 during the session

Weakness in the dollar index as well as the fall in the United States

Their recent high has provided a treasury yield

A supportive environment for gold, said David Meager, director

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Metal business in high ridge futures.

Greenback is a one-month low, while the US is 10-year

Treasury yields have also fallen as weakness in equities has resurfaced

Demand for safe haven for loans.

“Gold traders are increasingly questioning the Fed

As the economy grows, a recession tends to grow

Anxiety is breathing life into the gold market. Reverse flow from

Supported CTAs with renewal increase in ETF

Recovery, ”analysts at TD Securities wrote in a note.

Yellow metal time value is seen as a safe store

A hedge against economic times and inflation, but

Rising interest rates tend to weigh on non-performing bullion.

Once the Federal Reserve paid half of a percent

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Increase the point rate [in June and July] Such chairs have Jerome Powell

According to the signal, "a break in September could make sense."

Rafael Bostick, president of the Atlanta Fed.

"Now we know what we're getting from the Fed, you know

One could argue that gold is again moving in a fairly clear path

Forward, ”Meger added, raising market questions

Whether inflation will be enough to stop inflation

Short-term stress.

Spot Silver rose 1.5% to $ 22.09 an ounce, platinum

0.2% decreased $ 956.55 and palladium increased 0.4%

$ 2,001.71.

(Reporting by Seher Darin in Bangalore; edited by Krishna

Chandra Eluri and Shailesh Kuber)

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Business

European leaders in Davos have condemned Russia’s use of food as “blackmail”

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(Bloomberg) - European leaders have condemned President Vladimir Putin for using food as a weapon in a bid to free Ukraine's exports from Russia's blockade.

European Commission President Ursula von der Leyen says Russia's bombing of grain warehouses, blockade of Ukrainian ships loaded with wheat in the Black Sea and stockpiling of its own food exports have pushed global wheat prices skyrocketing and put fragile nations at even greater risk.

"It is wielding power through hunger and grain," von der Leyen said in a speech at the World Economic Forum in Davos, Switzerland, on Tuesday, condemning "Russian blackmail" and comparing Moscow's actions to Soviet-era crop grabs and the 1930s. Famine

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Von der Lane said the EU was working to bring the 20 million tonnes of wheat stuck in Ukraine to the global market by opening "solidarity lanes" to connect Ukraine's borders with European ports, as well as financing various modes of transport and increasing Europe's own production.

The war in Ukraine and the future of the NATO alliance have dominated several speeches at the Davos summit.

On the sidelines of the conference, Estonian President Alis Karis told Bloomberg that there was growing support in Europe to send warships to the Black Sea to escort Ukrainian grain cargo ships, despite concerns that the war could escalate. Meanwhile, Polish President Andrzej Duda, speaking at a panel, warned of potential civil unrest in North Africa unless Ukraine is able to send its grain, a potential "huge immigration problem" for countries like Spain.

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NATO Secretary-General Jens Stoltenberg also took the stage in Davos on Tuesday, reiterating that he was confident Sweden and Finland would be able to overcome Turkey's opposition to their membership in the military alliance and address its security concerns. Turkey has expressed concern that countries view Kurdish groups as "terrorist" and support them.

The Nordic countries' bid "demonstrates that European security will not be driven by violence and intimidation," Stoltenberg said.

To allay Turkey's allegations, Finnish Foreign Minister Pekka Havisto told a panel that both Sweden and Finland would send delegations to Ankara tomorrow. However, Turkey's concerns could spread to other NATO allies, he said, adding that despite his repeated hopes, problems would be resolved.

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Russian revenge

Finland also hopes that Russia will retaliate for its NATO appeal with "some hybrid attacks in the form of cyber and information warfare" but military action is unlikely, said former Prime Minister Alexander Stubb in an interview with Tom Keane and Lisa Abramovich on Bloomberg TV. It has previously managed to reduce its reliance on Russian energy through diversification, he said, adding that "we have seen energy become weapons."

In a keynote speech, Spanish Prime Minister Pedro Sanchez said the NATO summit in Madrid in June would work to show the unity of the alliance, both within the organization and between the EU. As part of this, the organizers are preparing a dinner that will include both NATO member and non-NATO EU countries, he said.

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Karis said Estonia continued to push for more NATO troops, including a permanent presence in the east, and even said that Russia was "unprepared" for the war in Ukraine, making it unlikely that they would conduct attacks on other neighboring countries.

Despite strong criticism of Russia's move, officials kept an open mind for a return to cooperation between Russia and Europe.

If the country finds a way back to democracy, the rule of law, and respect for international law, Russia could find its place in Europe again, says Von der Leyen.

"It is certainly a distant dream and hope, but it also says that our resistance to this brutal attack is against the Russian leadership," he said. "It's up to the Russian people who decide the future of their country, it's in their hands."

© 2022 Bloomberg LP

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Business

Namibia sees green bonds as a way to fund hydrogen exports buildout

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(Bloomberg) - Namibia is considering green bonds to fund projects using renewable energy to produce hydrogen for export, according to a government official.

The country of South Africa, with a population of less than 2.7 million, has significantly outlined a build of facilities, largely due to the ideal conditions for solar- and wind-powered energy needed for energy production. In an interview with the World Economic Forum in Davos, the government's Green Hydrogen Commissioner, James Maniup, said a number of financing options were being considered by setting the output in four years.

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Far from fossil fuels and reducing its dependence on Russian energy, hydrogen production is set to increase, with the European Union aiming to import 10 million tonnes a year by 2030.

Developers will be responsible for raising most of the debt or equity, while the government will have the option to call up to 24% and raise a potential $ 500 million for their own equity, Mnyupe said. Issuance of green bonds is a viable option and discussions have begun with lenders, including the European Investment Bank and the Climate Fund Manager, to raise capital for the country's shares.

“We think if we do a good job in developing these projects, we can raise quite a reasonable amount of credit for it,” he said.

Namibia has chosen Hyphen Hydrogen Power for its 9.4 billion project in November. It will be developed in phases and is expected to produce 300,000 metric tons of green hydrogen per year from a five-gigawatt renewable production capacity and a 3-gigawatt electrolyzer.

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Port Masterplan

Other green hydrogen projects are also planned in the region, with fuel and chemical producer Sassoul Ltd. looking to start at the South African port of Bogoibai at an initial cost of approximately $ 10 billion. Chief executive Fleetwood Grobler said last month that the company plans to accelerate growth to meet European demand.

The port of Rotterdam is partnering with Namibia's state-owned port of Namibia to facilitate the export of ammonia, which is converted to transport by hydrogen ships to Europe, according to Mnyupe. The line-up of off-tech contracts for energy will also reduce costs aimed at securing funding by 2024, he said.

At the end of next year, Namibia will have more clarity "whether it's a green bond or a durable bond or even a blue bond," Mnyupe said.

© 2022 Bloomberg LP

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Business

Top 10 Practical Tips for Improving Business Data Security

Data theft, ransomware and other cyber attacks can have a devastating effect on any business activity, especially if one does not take appropriate security measures to avoid it.

Many businesses have been the victims of data theft and ransomware, which has disrupted major services and, worst of all, shut down stores. While there is no fool-proof way to keep hackers and other malicious people at bay, all you can do is maintain proper security measures and procedures.

Although most data breaches can be malicious, they are relatively easy to avoid and prevent. All you need to do to protect your business from being targeted is to invest in the most up-to-date XDR cyber security system. Unknown to many, you do not need to spend more than you can afford to protect your business. The top 10 simple, practical, but effective ways to keep your data safe and secure are outlined below.

  1. Create a formal IT security strategy

Every business, large or small, should have a specific security strategy outlining how to protect company data and resources and how to handle the situation in the worst case scenario. In place of this policy, you will have the upper hand and you will know how / how to respond to data breaches instead of making decisions in the heat of the moment. Creating IT security strategies is one thing; Another is to use it as a guide and make necessary adjustments and updates. The IT sector is constantly evolving; Let the neighborhood plan develop with it.

  1. Protect your network and computer from malware

Malware is one of the worst forms of intrusion into your business. This will help if you take appropriate steps to keep your network and digital devices (computers, laptops, etc.) safe and secure. The worst thing about malware is that it can run discreetly by collecting undiscovered, vital / harmful information on your computer system for a long time. However, you can protect yourself from malware attacks:

- Turn on / install a firewall: Firewall helps prevent unauthorized traffic and packets from entering your network and computer system. At least, turn on your router's firewall, then start thinking about installing a more powerful firewall system over time.

- Install PC protection software: You will need a powerful PC protection software to detect and prevent the most known viruses and infections without affecting PC and network performance. Good security software should be able to deal with malicious websites, identity theft and hacking attempts in one place.

- Install anti-spam and email protection software: Most hackers use malicious email to gain access to networks and computer systems. Having a system for scanning all incoming / outgoing emails for malicious code and bugs and filtering them out can help reduce your risk of being targeted.

  1. Your wireless network is secure

Unlike wired networks, wireless networks are susceptible to breaches, especially if they are unprotected or if you use the default security settings. Leaving your Wi-Fi network open makes it possible for anyone to log in remotely and, if technically-intelligent enough, can take control of both the connected network and the computer system. Protect your wireless networks using potentially powerful security settings and use a unique key / password. Disappearing the network will go a long way in securing your business, and hackers and malicious people will continue to be the culprits.

  1. Keep your password secure

To remember dozens of online accounts and passwords, many people decide to use easy-to-remember passwords for all their accounts. Unknown to them, if someone guesses their passwords correctly, it will only expose all these accounts and profiles. Cybersecurity experts recommend creating a password that is at least 8 characters long, combining letters, numbers, and special symbols. For better security you need to change these passwords at least once every 3 months. Remembering complex passwords can be a challenge for many, as you may want to use a password manager. Password managers make it possible for employees to access data and profiles that have clearance without having to remember or write down passwords.

  1. There is a well-known plan for personal devices

According to this HR consultancy in Scotland, personal devices pose a serious IT security risk to your business, especially if one of them is already infected. Creating a plan to control the use of personal devices within the organization / business, however, can help mitigate most of these risks. That way you can touch a wide range of guidelines and policies on how these devices should be operated and where location tracking, internet monitoring and where possible relevant data should be deleted.

For employees who work remotely (with their personal devices), the business needs to make a provision about what they should do to avoid infecting the entire network. It has the advantage of working remotely, it presents a new security concern that should be handled efficiently.

  1. Enable automatic software and security updates

Software and operating system developers create and send software and security patches to help fix known vulnerabilities. Older and older operating systems and software are one of the easiest targets for hackers. Enabling automated software and security updates across systems helps systems get the latest updates upon release, keeping them more secure than ever. This makes it almost impossible for hackers to exploit the known vulnerabilities of previous software versions.

  1. Run a background check when hiring

Hackers can disguise themselves as new employees, which is why you want to be extra careful when hiring new employees. Running a background check for everyone interested in the position can help protect the business from internal threats. It would also be advisable to keep an eye on current employees, especially if one begins to show signs of depression and character change.

  1. Formulate clear guidelines on data disposal

How you handle company data (important or not) makes a big difference in terms of security. This is especially important when disposing of hard drives, older computers and anything else that may contain company data. Some of these systems may contain important data / information on how to access different systems or data in one. That said, create guidelines on how these should be handled so that no data falls into the wrong hands.

Formatting the hard drive, reinstalling the operating system, or deleting files and folders is not an option here. Even a cleanly formatted hard drive may contain files that can be recovered using a readily available data recovery system. Experts recommend using known tools to overwrite and retrieve data before disposing of a drive, computer or phone.

  1. Consider cloud-based services

If operating computer systems is too much to manage and secure, you should consider switching to cloud-based services instead. These service providers provide industry-grade level data protection that small businesses will not be able to afford. Thus the service provider is responsible for implementing various security measures, software patches and data storage / security.

  1. Sensitize your employees

Your employees play an important role in company data security. All of the above steps would be worthless if none of your employees understood data protection or knew what they needed. Experts recommend enrolling them for bi-annual refresher courses to educate them about various data protection measures and practices. This is a great step towards better cyber security within the company.


Business

Mexico’s NewPorts gains Unicorn status after funding round led by SoftBank

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MEXICO CITY - Logistics startup Nowports became Mexico's newest "unicorn" when it announced on Tuesday that its valuation had risen to $ 1.1 billion following a recent investment round led by Softbank's Latin America Fund.

The startup, founded in 2019, closed the $ 150 million Series C round with investors, whose supporters included Softbank, Tiger Global, Foundation Capital and Monashis.

Nowports, which acts as a digital cargo agent and aims to facilitate international trade, plans to use the capital for its planned expansion in Latin America at a time when markets are still battling supply-chain disruptions and currency instability due to the coronavirus epidemic and the Ukraine war. .

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Alfonso de los Rios, co-founder of Nowports, 23, said: "Companies are suffering from uncertainty about how much it will cost them to carry loads from point A to point B, especially because of the use of multiple currencies in international operations."

“We have worked on about 14 currencies so far. We try to make sure that the exchange rate does not harm or benefit the companies we work with or for ourselves, ”he added.

Brazil, where Nowports began work on a three-person team in December, will be the main focus of startups for the rest of 2022. It will open an office in the southern port city of Itazai and another at an undisclosed location. The number of workers in the country has increased to more than 100.

"Brazil is the largest economy in Latin America and very attractive in terms of foreign trade agreements," he said. "It's a country that not only imports, but also exports a lot."

Newports also opened offices in Panama, Chile and Colombia in the first quarter.

Nowports is the first Mexican startup of the year to join the Unicorn Club Other Mexican unicorns include small business lender Confio, payment clips and used car platform Kavak, also softbank-financed. (Reporting by Valentine Hiller in Mexico City, edited by Christian Plumb and Matthew Lewis)

Business

Niraj Buhari outlines the current upsurge in the consolidation and acquisition market

In 2020, it is estimated that the value of M&A transactions delayed by the coronavirus (COVID-19) epidemic will decrease.

Comparison of transaction completion periods for 2021 and 2020 yields conflicting results; Some transactions take longer in 2021, others take less time.

Outbound mergers and acquisitions value (UK corporations acquiring foreign firms) increased from £ 15.5 billion to £ 46.0 billion between 2020 and 2021, with more than half of the external value in 2021 being acquired by Alexion Pharmaceuticals AstraZeneca in the United States.

In 2021, when AstraZeneca purchases were excluded from the total outbound M&A value, there was a steady outbound M&A trend.

According to Niraj Buhari of Yarab Capital, there was a correlation between the ratios of the top 25 contracts in each of the three M&A transaction segments (internal / external / domestic) in 2021 and 2016, indicating that the coronavirus epidemic affected deal prices.

The value of domestic M&A settlements (separation of UK firms from their foreign guardians) is projected to increase significantly in 2021, with acquisitions worth more than £ 2.0 billion less than in 2020.

This is due to Walmart's acquisition of Asda Group PLC.

According to Yarab Capital, since the 1980s, the US recession has reduced global M&A activity by 50 percent. Niraj Buhari.

This is due to the same situation that has led to the current economic crisis, which includes the weakening of the stock market, financial problems, especially for large consolidations, and the general feeling of economic uncertainty.

In December 2008, stock markets were 40 to 50 percent below their January levels.

As a result, corporate profits are expected to be much lower, and raising funds is becoming more challenging.

Given the current dire situation, no one has any idea how the M&A market will improve in the near future.

Investors are concerned about the potential of the capital market, especially the debt market, to provide adequate funding for transactions, which have significantly reduced activity in the previous quarter.

In the long run, we expect that the trends that emerged during the last cycle will continue to play an important role.

As a result, M&A activity will change significantly from past cycles during the current recession.

Since the fourth quarter of 2007, when the stock market has reached its peak, the world economy has been declining.

It is important to note that the total amount of M&A activity announced in 2008 was $ 3.4 trillion, the third largest annual total in history.

The 2008 volume fell 25 percent from 2007 to 2006, the second-largest year on record.

Despite the 40-50% decline in the stock market and the fall in corporate profit forecasts, there was still a significant increase in quarterly to quarterly amounts.

In the fourth quarter, BHP Billiton's offer for Rio Tinto, a significant number of large deals were abandoned.

Despite the relatively large numbers in this quarter, withdrawals this year accounted for only 15% of all transactions and 4% of all transactions by volume, compared to the average since 1995.

Unlike the previous decade, when the cycle was at 87 percent, when more contracts were announced in 2006 and 2007, only 60 percent of those contracts were closed.

In 2008, the crisis-driven restructuring transaction increased the volume of consolidation and acquisitions in the financial institution sector, accounting for 23 percent of all contracts.

This transaction, however, may have had less of an impact than most observers believe.

In 2008, the top 10 contracts for financial institutions accounted for a comparable proportion of the total transaction volume as of 2007.

2008 was a very strong year for consolidation and acquisition, even after these events were removed.

In fact, the problem is what the events of 2008 indicate about the events of 2009


Business

Tata Steel says India’s export tax output target could change

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DAVOS - India's Tata Steel is concerned that a sudden decision to impose an export tax on some New Delhi steel products could force it to review its production targets if its tariffs remain in place for a long time, its chief executive told Reuters on Tuesday.

India has imposed a 15% export tax on some steel products over the weekend, as steelmakers seek to meet local demand by increasing their market share in Europe, where Ukraine's conflict has hit supply.

These taxes were part of a series of measures taken to curb India's retail inflation, which has reached an eight-year high. But India's top steelmaker warned that the new tariffs would "adversely affect" mills aimed at boosting exports and expanding global market share.

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TV Narendran, chief executive of India's largest steelmaker by revenue, said that given Tata Steel's realization of inflationary concerns, such measures could hurt the steel industry in the long run.

Tata Steel plans to double its capacity in India from 20 million tonnes (mtpa) to 40mtpa per year, but Narendran says it has baked an estimate of 10-15% of its exports.

"If there is a long-term directive that steel exports should be discouraged, we need to make a call - then you will only build as much capacity as possible for the domestic market," Narendra told Reuters in an interview. At the World Economic Forum at the Swiss Alpine Resort in Davos.

"We need to have 40 million or 35 million, we will decide ... in the medium to long term, India should encourage exports," he added.

As part of the industry delegation, Tata Steel will hold talks with the government to "find a common ground" that will address industry concerns in New Delhi as well, Narendran added.

Tata Steel also has operations in Europe, where it claims to be one of the largest steel producers since it bought the Anglo-Dutch Chorus Group in 2007 for 2 6.2 billion, but Narendran said India is its best-performing business in terms of profitability.

"Our growth ambitions will be best met in India." (Reporting by Aditya Kalra in Davos; Additional reporting by Neha Aurora; Editing by Alexander Smith)

Business

Businesses owned by women got worse during the epidemic

According to a new study by Emilion Business School, published in the journal Entrepreneurial Theory and Practice, women-owned businesses did worse during the epidemic.

Odyssey G. The study, conducted by Birhanu and his co-authors, examines the impact of the epidemic on gender differences in business performance.

They found that due to the epidemic, women-owned businesses performed worse than their male counterparts.

Based on an analysis of more than 20,000 businesses in 38 countries, the survey further reveals that the crisis has widened women's sensitivity to economic and health risks - derived from a woman's socialization and biology.

Their greater sensitivity to health risks can lead women entrepreneurs to make business decisions that negatively affect their business performance.

"This was further emphasized by the lockdown policies that increased work-life imbalances and forced women entrepreneurs to use their time and energy for their families instead of their business responsibilities," said Professor Birhanu.

Researchers say the right response to public health policy in the epidemic has reduced the negative impact of the crisis on women entrepreneurs.

It has helped women entrepreneurs restore work-life balance by opening up essential social services and, more importantly, bridging the gender gap in risk perception by providing reliable and timely public health information and essential health services.

However, economic policy support, in contrast to health policy responses, did not seem to prevent the negative impact of the crisis on women entrepreneurs.

The authors suggest that this may be because female entrepreneurs have not received a fair share of financial support, or because their specific interests have not been well understood by male decision-makers who dominate the politics and policy-making landscape.

"The design and implementation of such economic policies may therefore be influenced by the same structural forces that put women at a disadvantage, such as patriarchal rules that disrupt the work-life balance against women," said Addis G. Birhanu, associate professor of strategy.


Business

Russia has already launched an all-out offensive to encircle Ukrainian forces

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KYIV / SLOVYANSK - Russian forces on Tuesday launched a full-scale offensive to encircle Ukrainian forces in a riverine town in eastern Ukraine, a battle that could determine the success or failure of a major Moscow operation in the past.

Just three months after President Vladimir Putin instructed Russian forces in Ukraine, authorities in his second-largest city, Kharkiv, have reopened the underground metro, where thousands of civilians have sought refuge for months under relentless bombardment.

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The move was a testament to Ukraine's biggest military success in recent weeks: pushing Russian forces out of Kharkiv's artillery range, as they did in March from the capital, Kyiv.

But the decisive battles of the last phase of the war are still going on further south, where Moscow is trying to occupy the Donbass region of the two eastern provinces, Donetsk and Luhansk, and keep Ukrainian forces in one pocket on the main eastern front.

The eastern part of the Ukrainian-occupied Donbass Pocket, the town of Siviarodonetsk on the east bank of the Sivarsky Donets River, and its twin Lisichansk on the west bank, have become major battlefields, with Russian forces advancing in three directions to encircle them. .

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Sergei Gaidai, the governor of Luhansk province, said "the enemy has concentrated its efforts to launch an offensive to encircle Lisichansk and Siviarodonetsk," where the two cities are still in the last occupied territories of Ukraine.

"The intensity of the fire in Sievierodonetsk has multiplied, they are only destroying the city," he said on TV, adding that there were about 15,000 people living there.

Further west in Sloviansk, one of Ukraine's largest Donbass cities, the sirens of Tuesday's airstrikes sounded but the streets were still busy, a market full, children riding bikes and street musicians playing the violin near a supermarket.

Gaidai said Ukrainian forces had driven the Russians out of the village of Toshkivka, just south of Siviarodonetsk. Russian-backed separatists say they have taken control of Svitlodarsk, south of Bachmut. No reports have been independently verified.

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'Everyone is scared to death'

Three months after the war, some Western experts predicted that Russia would win in a matter of days. About 6.5 million people have fled abroad, countless thousands have been killed and cities have been reduced to rubble.

The war has far-reaching international implications, including growing food shortages and rising prices in developing countries that import Ukrainian grain.

European Commission President Ursula von der Leyen on Tuesday called for talks with Moscow on releasing wheat exports to Ukraine, which have been blocked by Russia's blockade of the Black Sea.

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Underlining the global geopolitical tensions expressed by the war, Japan - a key US ally in Asia that has joined Western sanctions against Russia - jet-shaken after Russian and Chinese warplanes approached its airspace on Tuesday during US President Joe Biden's visit to Tokyo.

In Kharkiv, hundreds of people were still living underground in trains and stations when authorities asked them to make way on Tuesday so that metro services could resume.

At one station, some people were moving, others were sitting in makeshift beds or standing between assets and pets.

"Everyone is scared to death, because the shelling is still going on, the rocket attacks have not stopped," said Natalia Lopanska, who lived on an underground metro train for most of the war.

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'Stupid War'

Comments from senior Russian officials on Tuesday suggested plans for a pull-out conflict ahead. Defense Minister Sergei Shoigu said Russia was deliberately moving slowly to avoid civilian casualties. Nikolai Patrushev, Putin's head of the Security Council, said Moscow was "not running out of time" and would fight as long as necessary to eradicate Ukraine's "Nazism", a justification for what the West called a baseless war.

The Battle of Donbass follows Russia's biggest victory in months: the surrender of the Ukrainian garrison last week in the port of Mariupol after a nearly three-month siege where Kyiv believes thousands of civilians have died.

Petro Andruschenko, an aide to the Ukrainian mayor of Mariupol, now working outside the Russian-controlled city, said the bodies were still being found in the rubble.

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He said about 200 decomposing bodies were buried in the rubble in a basement of a tall building. The locals refused to collect them and the Russian authorities abandoned the area, leaving a stench throughout the district.

Ukrainian Foreign Minister Dmitry Kuleba tweeted that the "ruthless" attack on Donbass showed that Ukraine still needed more Western weapons, especially multiple launch rocket systems, long-range artillery and armored vehicles.

Highlighting the obstacles to a diplomatic solution to the conflict, a new poll on Tuesday found that 82% of Ukrainians believe that under no circumstances should any part of their country be signed as part of a peace deal with Russia.

In Russia, where criticism of the war has been banned and independent media shut down, jailed opposition leader Alexei Navalny has used court appearances via video link from a prison colony to denounce "the stupid war your Putin started."

"A madman got his nails in Ukraine and I don't know what he wants to do with it - this mad thief," Navalny said.

(Reporting by Alexander Kozukhar in Lviv, Pavel Polityuk and Natalia Genet in Kiev, Vitaly Hnidi in Kharkiv and Reuters journalists in Mariupol and Sloviansk; by Peter Graf and Gareth Jones; by Nick McPhee, John Boyle and editors)

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Postmedia is committed to maintaining a lively but civic forum for discussion and encourages all readers to share their views on our article. It may take up to an hour before the comments appear on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, an update to a comment thread you follow, or if you follow a user's comment. See our Community Guide for more information and details on how to adjust your email settings.

Business

The US CDC recommends recurrence if Kovid recurs after taking Pfizer’s pill.

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Patients who experience recurrence of COVID-19 symptoms after completing treatment with Pfizer drug Paxlovid should be isolated again for five days, according to a suggestion issued Tuesday by the US Center for Disease Control and Prevention.

Dozens of people have reported recovery of Covid's symptoms on social media or the U.S. Food and Drug Administration after taking Paxlovid, but Pfizer suggested the experience is rare. The recent rise in the Cowid case has driven therapeutic use in the country.

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The CDC said in its advice https://bit.ly/3sSexC0 that case reports indicate that recurrence causes mild symptoms and no serious illness has been reported so far. Despite the possibility of recurrence, the company continues to recommend oral antiviral drugs as a treatment.

Regardless of treatment with Paxlovid, a brief relapse of symptoms may be part of the natural history of SARS-CoV-2 infection in some individuals, the agency said.

The CDC recommends that patients with covid rebound may have their recurrence period five days later if they do not have a 24-hour fever and symptoms do not improve, but such patients should wear a mask for a total of 10 days after the onset of rebound symptoms.

(Reporting by Manas Mishra in Bangalore; Edited by Shailesh Kuber)