Investors flock to gold as US banking crisis rages – JPMorgan

Demand for the precious metal, which is considered a safe haven in times of financial or political turmoil, has been growing Gold prices have been hovering near record highs this week on renewed investor concerns of a deepening US financial crisis and the possibility of a recession this year.

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Pakistan switching to yuan to buy Russian oil – media

Pakistan is likely to pay for shipments of crude oil from Russia in Chinese yuan, local media reported on Saturday, citing government sources. The first cargo of 750,000 barrels is expected to dock as soon as in June.

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German court lifts ban on Ukrainian flag

Berlin police had restricted the use of the national symbol near Soviet memorials during WWII Victory Day celebrations A Berlin administrative court has lifted the police ban on the displaying of Ukrainian flags, as well as the playing and singing of Ukrainian military songs near Soviet memorials during World War II Victory Day celebrations on…

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