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Italy arrests a top mafia boss who had been on the run for 30 years, household wealth optimism collapses across the globe, and Republicans want visitor logs for Biden's home - but not Trump's

by Linda Noakes

World News

Emergency personnel work at the site where an apartment block was heavily damaged by a Russian missile strike in Dnipro, Ukraine, January 16, 2023. REUTERS/Clodagh Kilcoyne

The death toll from a Russian missile strike in the Ukrainian city of Dnipro rose to 40 with dozens more missing, making it the deadliest civilian incident of Moscow's three-month campaign of hurling missiles at cities far from the front. Here's what you need to know about the conflict right now.
Searchers found both the cockpit voice recorder and flight data recorder from a passenger flight that crashed killing at least 68 people in Nepal's worst plane accident in 30 years. We tell the poignant story of a pilot couple killed in air crashes in Nepal - 16 years apart.
Italian police arrested Matteo Messina Denaro, the country's most wanted mafia boss who had been on the run since 1993, swooping on a private hospital in the Sicilian capital Palermo where he was undergoing treatment. Prosecutors say Messina Denaro, 60, is a boss of Sicily's Cosa Nostra mafia.
Passengers laden with luggage flocked to rail stations in China's megacities, heading to their hometowns for holidays that health experts fear could intensify a raging COVID outbreak in areas less-equipped to handle it. Paxlovid is one of the few foreign oral COVID treatments approved by Beijing, but there is no easy way to get hold of it.
A serving London police officer has admitted conducting a series of attacks on women including 24 counts of rape, making him one of Britain's most prolific sex offenders in a campaign that ran for more than 17 years. The Metropolitan Police apologized and said it should have spotted the pattern of abuse after David Carrick, 48, pleaded guilty to a total of 49 charges relating to 12 victims.

Davos

Two-thirds of private and public sector chief economists surveyed by the World Economic Forum expect a global recession in 2023, the Davos-organiser said as business and government leaders gathered for its annual meeting.

Climate activists protested against the role of big oil firms, saying they were hijacking the climate debate. Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering in the Swiss mountain resort.

The annual winter shindig marks a return for glitzy parties and high-minded debates following a three-year hiatus. Reuters Breakingviews columnist Lauren Silva Laughlin looks at what to expect.

U.S. News

President Joe Biden delivers remarks at Ebenezer Baptist Church ahead of the holiday honoring Martin Luther King Jr., in Atlanta, Georgia, January 15, 2023. REUTERS/Joshua Roberts

The Republican chairman of the House Oversight Committee demanded visitor logs for President Joe Biden's house in Wilmington, Delaware, after classified documents were found in his office and garage. James Comer said he would not seek visitor logs for former President Trump's Mar-a-Lago residence, where more than 100 classified documents - some of them labeled top secret - were found in an FBI search.
Representative George Santos, who lied about much of his resume and life story, will be removed from Congress if found to have broken campaign finance laws, Comer said. "He's a bad guy," Comer told CNN's 'State of the Union' program.
House of Representatives Speaker Kevin McCarthy said he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with Biden. Republicans now in control of the House have threatened to use the debt ceiling as leverage to demand spending cuts.
The mayor of New York traveled to the Mexican border city of El Paso and declared that "there is no room in New York" for busloads of migrants being sent to America's most populous city. Eric Adams, a Democrat, was also critical of Biden's administration.
Storm-lashed California is bracing for what may be a final battering of rain and snow, adding to the damage unleashed by a weather system that has caused severe flooding and killed at least 19 people across the state.

Business & Markets

Men walk past an electric board displaying indexes outside a brokerage in Tokyo, January 16, 2023. REUTERS/Kim Kyung-Hoon

Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer found that economic pessimism was at its highest in some of the world's top economies such as the United States, Britain, Germany and Japan.
Global employment growth is expected to slow down sharply to 1% this year compared to 2% in 2022, hit by the economic fallout of the war in Ukraine, high inflation and tighter monetary policy, the International Labour Organization said.
Japan's annual wholesale prices rose at a faster-than-expected pace in December, data showed, adding to recent growing signs of inflationary pressure that could force the central bank to raise interest rates soon. The Bank of Japan is under pressure to change its interest rate policy as soon as Wednesday, after its attempt to buy itself breathing room backfired, emboldening bond investors to test its resolve.
European traders are rushing to fill tanks with Russian diesel as the clock runs down on a February 5 European ban expected to tighten supplies, re-draw global shipping routes and increase price volatility. The ban is likely to create a diesel supply shortfall which Europe hopes to fill with Chinese fuel, some of which will be produced from Russian crude.
Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said, calling the country's high-paced, competitive market a "giant fitness center for the industry".
Financiers at the center of a $200 billion industry underpinning worldwide airline fleets are meeting in Dublin this week, gambling that China's long-awaited decision to free travel will accelerate their recovery while warning of a shortage of jets.

And Finally

Fish vendors Marina Krivolutskaya and Marianna Ugai pose for a picture at an open-air market on a frosty day in Yakutsk, Russia, January 15, 2023. REUTERS/Roman Kutukov

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