The US government says it will allocate $1 billion in humanitarian assistance to Ukraine while also giving assurances that it would welcome up to 100,000  refugees fleeing from the country under a new plan announced by the White House on Thursday.

The US-led military bloc has urged Beijing not to assist Moscow in its offensive against Kiev NATO members have called on China to “abstain from supporting Russia’s war effort” in Ukraine, on Thursday. The US-led military bloc also warned Beijing against trying to help Moscow circumvent Western sanctions.

The United States will probably enter a recession if oil prices continue to soar and surpass $200 a barrel, Goldman Sachs chief economist Jan Hatzius said on Thursday. “We estimate that it would take a sustained oil price increase to $200 per barrel to produce an income shock similar in magnitude to those that precipitated…