World

Britain's Ofcom revoked RT's broadcasting license after 29 investigations into its impartiality regarding the Ukraine conflict. The regulator cited concerns about RT's state funding, previous violations, and Russia's invasion of Ukraine as reasons for determining the network unfit to broadcast in the UK.

President Biden aims to refocus US foreign policy towards Asia, but Russia's invasion of Ukraine complicates the strategic approach, with a critical phone call to Xi Jinping scheduled to discuss global tensions and bilateral competition.

President Biden's long-planned shift towards Asia faces complex challenges as Russia's invasion of Ukraine intertwines geopolitical tensions. With an upcoming call with Xi Jinping, Biden seeks to navigate the delicate balance of managing US-China competition while addressing the broader implications of global conflict.

Amazon has completed its $8.5 billion acquisition of MGM Studios, a strategic move to strengthen its streaming services. The deal, announced in May, follows European regulators' approval and aims to boost Amazon Prime Video's content library to compete with major streaming platforms like Netflix and Disney+.

Amazon has completed its $8.5 billion acquisition of MGM Studios, marking its second-largest purchase after the Whole Foods deal in 2017. The acquisition aims to strengthen Amazon's streaming platform by adding MGM's extensive film and TV catalog, enhancing competition with Netflix and Disney+.

Intel CEO Pat Gelsinger announces an ambitious 80 billion euro investment across Europe to address semiconductor industry imbalances. The decade-long plan includes establishing production sites and R&D centers in Germany, Ireland, France, and Italy, responding to the world's growing demand for advanced chips.

NATO's 1997 founding document envisioned cooperation with Russia, but the current invasion of Ukraine has dramatically transformed geopolitical dynamics. The archived text, symbolizing a past era of potential partnership, now stands as a stark reminder of how dramatically international relations have shifted.

Russia's invasion of Ukraine has dramatically transformed NATO's strategic outlook, challenging a 1997 founding document that once envisioned mutual cooperation and trust between NATO and Russia, now replaced by stark confrontation and military tensions.

The Council of Europe has expelled Russia from its human rights body, symbolically removing the Russian flag from its Strasbourg headquarters. The 47-nation organization's committee of ministers declared Russia's membership terminated, citing the country's war in Ukraine as the primary reason.

Asian markets showed positive momentum as investors anticipate the Federal Reserve's expected interest rate increase. Japan's Nikkei 225 rose 1.7%, while Hong Kong's Hang Seng gained 2.1%. The Fed is likely to raise rates by 0.25 percentage points, marking its first hike since 2018 to combat high inflation.[100 words]