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Biden: Ban on Russian Oil Not ‘Off the Table’; China Says It Won’t Sanction Russia | NTD Business

Oil prices are soaring 9 percent, topping $110. Meanwhile, President Joe Biden says he could still consider banning oil imports from Russia, over its invasion of Ukraine.

In an official statement from China, Beijing won’t follow the West’s actions in sanctioning Russia. NTD spoke to a number of experts for possible reasons.

Fed chair Jerome Powell is saying the central bank is on track to raise interest rates come March to help fight inflation.

And 5G applications are on show at Barcelona’s wireless trade fair, including a 5G-connected robot bartender.

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