Newsletter May 20, 2022
Davos returns under Ukraine cloud after Covid break

President Vladimir Putin spoke at the online meeting last year, but organisers decided to exclude Russians this time as Western powers have imposed sanctions on Moscow over the Ukraine conflict.

Yellen says G7 to give Ukraine funds it needs 'to get through this'

Yellen said that funding pledges to Ukraine during the meeting exceeded the $15 billion that Kiev has estimated it needs over the next three months

Samsung leader Lee excused from trial hearing as Biden to tour S.Korea chip plant

It would be Lee's highest-profile public appearance since he was released on parole in August last year from a bribery conviction.

Oil steady as economic worries offset possible China demand rise

Crude gains have been limited this week, with the Brent and U.S. benchmarks mostly trading in a range due to the uncertain path of demand.

Tesla investor calls for share buyback after Musk's Twitter deal hurts stocks

Tesla shares lost one third of their value since Musk disclosed his stake in Twitter in early April and sold $8.5 billion worth of Tesla stocks in a move seen to help finance his $44-billion Twitter deal.

Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies

Thursday's decision comes after telecom companies in Canada already opted to use other companies' 5G hardware. ZTE did not immediately responded to requests for comment.

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