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The COVID-19 pandemic has been good for the wallets of the wealthy. Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. Source

Ukrainian President Volodymyr Zelensky called for "maximum" sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Forum gathering in Davos, Switzerland. He said sanctions need to go further to stop Russia's aggression, including an oil embargo, blocking all of its banks and cutting off trade with Russia completely. Source

BANGKOK - The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine. Source

TOKYO - U.S. President Joe Biden launched a new trade deal with 12 Indo-Pacific nations Monday aimed at strengthening their economies as he warned Americans worried about high inflation that it is "going to be a haul" before they feel relief. Source

DAVOS, Switzerland - Ukrainian President Volodymyr Zelenskyy called for "maximum" sanctions against Russia during a virtual speech Monday to corporate executives, government officials and other elites on the first day of the World Economic Economic gathering in Davos. Source

NEW YORK - Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading. Source

When Kathleen Cassidy goes grocery shopping these days, she's noticed that while so many prices are going up, others stay the same — but there's less inside. Take laundry detergent pods, for example. "I used to get 40 of those, now I only get 38. Source

Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate supply of formula for their infants during a nationwide shortage. The formula shortage has exposed an inflexible industry dominated by just three to four large players that own a majority of formula production in the United States. Source

Canada has begun supplying the world with minerals critical to a greener economy with the country's first rare earth mine delivering concentrated ore. "Canada and its allies are gaining independence from the rare earth supply chain from China," said David Connelly of Cheetah Resources, which owns the Nechalacho Mine southwest of Yellowknife in the Northwest Territories. Source

Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. Price fixing has sent Realtor commissions soaring in an already hot market, lawsuit alleges Source