China responds to Biden’s Taiwan defense pledge

Beijing says it “deplores” the US president’s latest interview, in which he indicated Washington’s readiness to defend Taiwan Beijing has issued a protest in response to US President Joe Biden’s latest remark that Washington could use its military to defend Taiwan. China considers the self-governing island to be a part of its inalienable territory that…

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Russian court to consider terminating Starbucks trademark rights

The new owners of the popular coffee chain in the country have rebranded the local franchise The owners of the remains of the Starbucks chain in Russia have asked a court to terminate legal protection of the American company’s trademarks, a court document has revealed.

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JPMorgan issues crude warning to EU

The price of oil could soar if the European Union abruptly bans Russian crude from its energy markets, JPMorgan said on Tuesday in a note seen by Business Insider. According to the investment bank, a full and immediate embargo would displace four million barrels of Russian oil per day, sending the benchmark Brent crude to…

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