Business

Britain's communications regulator Ofcom has revoked the broadcasting license for RT, citing 29 ongoing investigations into the channel's impartiality during the Ukraine conflict. The decision was influenced by RT's state funding, previous violations, and Russia's invasion of Ukraine, leading Ofcom to determine the broadcaster unfit to hold a UK license.

Britain's media watchdog Ofcom has withdrawn RT's broadcasting license following 29 investigations into the network's impartiality. The decision stems from RT's state-funded Russian origins and its coverage of the Ukraine invasion, with Ofcom concluding the broadcaster is not "fit and proper" to maintain a UK broadcast license.

President Biden aims to refocus US foreign policy towards Asia, but Russia's invasion of Ukraine has added complexity to the diplomatic landscape. Biden and Xi Jinping are set to discuss managing bilateral competition and global challenges, highlighting the intricate geopolitical dynamics.

President Biden aims to redirect U.S. foreign policy towards Asia, focusing on China as a key strategic competitor. However, Russia's war in Ukraine has added complexity to this approach, with an upcoming phone call between Biden and Xi Jinping set to address these intricate geopolitical dynamics.

Intel CEO Pat Gelsinger announces an ambitious $88 billion investment across Europe, targeting chip production sites in Germany, Ireland, France, and Italy over the next decade to meet growing semiconductor demand and reduce global supply chain vulnerabilities.

Russia's invasion of Ukraine has dramatically transformed NATO's strategic perspective, forcing a comprehensive reassessment of military positioning in Europe. The stark contrast between the 1997 NATO-Russia Founding Act's cooperative language and current geopolitical tensions highlights the profound shift in East-West relations.

In an underground NATO archive, a 1997 founding document reveals how Russian-Western relations dramatically transformed. The original text optimistically stated both sides "do not consider each other as adversaries" - a stark contrast to today's geopolitical tensions sparked by Russia's invasion of Ukraine.

The Council of Europe has officially expelled Russia from its human rights body, marking an unprecedented diplomatic action. The 47-nation organization's committee of ministers formally terminated Russia's membership, symbolically removing the Russian flag from its Strasbourg headquarters.

Asian stocks gained ground ahead of the Federal Reserve's expected interest rate hike. Japan's Nikkei 225 jumped 1.7%, while Hong Kong's Hang Seng rose 2.1%. The Fed is anticipated to increase rates by 0.25 percentage points, marking the first hike since 2018 in an effort to combat high inflation.

President Joe Biden will visit Europe next week to engage in critical face-to-face talks with European leaders about the ongoing Russian invasion of Ukraine, attending an extraordinary NATO summit in Brussels on March 24.