A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, though Russia has said it will not abide by the measure even if it has to cut production.
- WorldChina's patchy COVID easing sows confusion but comforts investors
A partial easing of the world's toughest COVID-19 curbs sowed confusion across China on Monday, even as global investors cheered the prospects of a broader policy shift in the wake of last month's historic protests and mounting economic damage.
- BusinessBankman-Fried says he will testify before U.S. House committee
The House Financial Services Committee plans to hold a hearing to investigate the collapse of FTX and expects to hear from the companies and individuals involved, including founder and CEO Sam Bankman-Fried.