The Kremlin insisted Friday that a settlement in Ukraine couldn't be facilitated by a drop in global oil prices as U.S. President Donald Trump has suggested.

Speaking by video from the White House to the annual World Economic Forum in Davos, Switzerland, Trump said on Thursday that the OPEC+ alliance of oil exporting countries shares responsibility for the nearly three-year conflict in Ukraine because it has kept oil prices too high.

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts.

Damage caused by Hurricanes Helene and Milton helped push total economic losses from natural disasters in the U.S. to $217.8 billion last year, according to insurance broker Aon PLC. That figure represents an 85.3% increase from 2023, when losses totaled about $117.5 billion. It's also the largest annual tally of economic losses from natural disasters since 2017.

Samir al-Baghdad grabbed his pickax and walked up a wobbly set of stairs made of cinderblocks and rubble.

He is rebuilding his destroyed family house in the Qaboun neighborhood near Damascus, Syria 's capital.

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years.

Applications for jobless benefits rose by 6,000 to 223,000 for the week ending January 18, the Labor Department said Thursday. Analysts were expecting 219,000 new applications.

Turkey's central bank lowered its key interest rate by 2.5 percentage points to 45% on Thursday, in its second rate cut in as many months as official figures showed inflation was easing.

The bank's Monetary Policy Committee said it was reducing its benchmark one-week repo rate to 45% from the current 47.5%. In its previous reduction in December, the bank also cut the rate by 2.5 percentage points.

Syria's new foreign minister said Wednesday at the World Economic Forum’s annual meeting in Davos that his country hopes it can follow in the footsteps of economic powerhouses like Singapore and Saudi Arabia as it begins rebuilding after nearly 14 years of war.

“We need the help of the international community to help us in this new experiment,” Asaad al-Shibani said.

Saudi Arabia's crown prince said Thursday the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump earlier put a price tag on returning to the kingdom as his first foreign trip.

Trump's 2017 trip to Saudi Arabia upended a tradition of U.S. presidents first heading to the United Kingdom as their first trip abroad. It also underscored his administration's close ties to the rulers of the oil-rich Gulf states as his eponymous real estate company has pursued deals across the region as well.

The U.N. chief ratcheted up his warning about climate change and said the world's thirst for fossil fuels is a "Frankenstein monster" that spares no one, while calling for greater attention to risks posed by artificial intelligence if its ascent goes ungoverned.

António Guterres, the United Nations secretary-general, headlined a flurry of activities and talk sessions on Wednesday as the World Economic Forum's annual meeting in Davos.

China's relations are starting to improve with Japan, India and other countries that former U.S. President Joe Biden courted, just as Donald Trump brings his more unilateralist approach back to the White House.

The change of leadership in Washington on Monday could be an opportunity for China, which has long railed against Biden's strategy of building partnerships with "like-minded countries" to counter its growing influence.

U.S. stock indexes are drifting higher Tuesday following a mostly encouraging batch of profit reports from big companies.

The S&P 500 was 0.6% higher in early trading, as many markets around the world took tentative steps following Donald Trump's return to the White House on Monday. The Dow Jones Industrial Average was up 188 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.