| |  |  | The Reuters Daily Briefing | Monday, March 7, 2022 by Farouq Suleiman | Hello Here's what you need to know. Russia boycotts hearings at the U.N.'s highest court on Ukrainian war, talk of humanitarian corridors comes after failed cease-fires and oil prices spiked to their highest levels since 2008. | | | | | Today's biggest stories  Local residents cross a destroyed bridge as they evacuate from the town of Irpin, near Kyiv, Ukraine March 7, 2022. REUTERS/Carlos Barria WAR IN UKRAINE Russia announced new "humanitarian corridors" to transport Ukrainians trapped under its bombardment - to Russia itself and its ally Belarus, a move immediately denounced by Kyiv as an immoral stunt.
Hearings began at the International Court of Justice without legal representation for Russia. Moscow boycotted hearings during which Ukraine is seeking an emergency order to halt hostilities, arguing that Russia has falsely applied genocide law in justifying its invasion.
Police detained more than 4,300 people on Sunday at Russia-wide protests against Putin's invasion of Ukraine, according to an independent protest monitoring group.
U.S. Secretary of State Antony Blinken and Ukrainian Foreign Minister Dmytro Kuleba met on Ukraine's border with Poland to discuss Western efforts to support Ukraine and isolate Russia as Lithuania’s President Gitanas Nauseda warned Blinken that a failure to stop Russia’s aggression in Ukraine would lead to a global conflict.
China's Red Cross will provide humanitarian aid to Ukraine "as soon as possible," Foreign Minister Wang Yi said, as he praised his country's friendship with Russia as "rock solid".
France warned Russia not to resort to blackmail over efforts to revive a nuclear deal between Iran and world powers, after Moscow demanded a U.S. guarantee that sanctions it faces over Ukraine would not hurt its trade with Tehran. |  Models of oil barrels and a pump jack are displayed in front of a rising stock graph in this illustration taken February 24, 2022. REUTERS/Dado Ruvic BUSINESS & MARKETS In the first few minutes of trade Brent crude reached $139.13 and U.S. West Texas Intermediate hit $130.50, both benchmarks striking their highest levels since July 2008, as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fueled supply fears.
Western allies’ sanctions against Russia have started to blow back in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. But some market participants say they aren’t seeing panic in the market, at least not yet.
Here's how federal prosecutors could seize property belonging to allies of Putin within the United States and use civil forfeiture laws to confiscate their assets permanently.
Japanese firms are under deepening pressure over their ties to Russia and are scrambling to assess their operations, company and government insiders say, after Western rivals halted businesses and condemned Moscow for invading Ukraine.
At one Big Bazaar, bright blue grocery crates of rivals Reliance were unloaded this week, part of a takeover that began with stealth in February. Here's a look a how Reliance stunned Amazon in one of India’s biggest corporate battles.
Chinese telecom equipment maker ZTE will go back to U.S. federal court to face a new accusation it may have violated its probation from its 2017 guilty plea for illegally shipping U.S. technology to Iran. |  U.S. Border Patrol agents and Mexican police officers take part a mirror patrol, as seen from Ciudad Juarez, Mexico, February 26, 2022. REUTERS/Jose Luis Gonzalez IN OTHER NEWS President Joe Biden's administration can continue to rapidly expel migrant families caught crossing the U.S.-Mexico border, but should not send them anywhere they could be persecuted or tortured, a federal appeals court ruled.
U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, sources familiar with the matter said.
Justice Department lawyers will wrap up their case against Guy Reffitt of Texas, the first of some 750 people charged with joining the Jan. 6, 2021 assault on the Capitol to face trial.
The leader of South Korea's ruling party was hospitalized after being attacked while campaigning for this week's presidential election, a race already overshadowed by controversy and in which early voting has been marred by irregularities.
North Korea appears to be preparing to launch a reconnaissance satellite, a move that may prove as controversial as the nuclear-armed country's weapons tests because they use the same banned ballistic missile technology, experts say.
| | | | | | | | | | | Video of the day  In New York's 'Little Odessa,' Ukrainians see Russians as neighbors, not enemies The war in Ukraine has shaken Brighton Beach, a neighborhood filled with Cyrillic signage where residents from Russia and a slew of former Soviet Union countries have been living side by side for decades following waves of immigration beginning in the 1970s, earning it the nickname Little Odessa. | | | Thanks for spending part of your day with us. | | | | | |
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