 The death toll from a Russian missile strike on an apartment building in the Ukrainian city of Dnipro rose to 40 as emergency services continue searching for survivors. Local authorities said that 30 people are still missing and 75 were injured following Russia's deadliest attack on Ukrainian civilians since last summer. More: - Emergency crews rescued 39 people from the rubble of the apartment complex, which was home to 1,700 people.
- Ukraine's military said that it lacks the weaponry to intercept some of the missiles that were fired by Russian forces on Saturday, including the one that hit Dnipro.
- European Union foreign policy chief Josep Borrell described the strike as an "inhumane aggression."
- Heavy fighting continued in eastern Ukraine on Monday as Russia steps up attacks on the Donetsk province, as well as the cities of Kherson and Zaporizhzhia.
Zoom Out: - On Monday, German foreign minister Annalena Baerbock called for a special tribunal at the International Criminal Court to investigate Russia's military leadership.
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According to a new Oxfam report, nearly two-thirds of the $26T in new wealth created since the start of the pandemic has gone to the world's richest 1%. The charity's report on global inequality, released to coincide with the World Economic Forum's annual meeting in Davos, Switzerland, notes that both extreme wealth and extreme poverty grew over the past two years. More: - According to the report, every dollar earned by a person in the bottom 90% of global wealth was accompanied by gains of $1.7M for each billionaire.
- Oxfam Great Britain's CEO Danny Sriskandarajah said, "close to a billion people are going hungry but for billionaires, every day is a bonanza."
- Sriskandarajah called for governments to introduce higher taxes on the super-rich, saying that such policies are the only way to deal with the rise in global inequality.
- The charity argued that economic inequality worsens corruption, degrades the quality and independence of media, and contributes to greater political polarization.
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 The International Monetary Fund (IMF) said that further trade fragmentation, meaning the breaking up of global supply chains and so-called deglobalization, could cut global GDP by up to 7%. The IMF report estimates the costs of trade fragmentation at between 0.2% and 7% of global GDP but other IMF projections suggest that it could be as high as 12%. More: - The IMF identified the Russian war in Ukraine and the COVID-19 pandemic as major forces affecting global supply chains and commodity prices.
- The report also observed that companies and policymakers are concerned with protecting domestic industry via tariffs and other trade interventions.
- The IMF said that "mentions in companies’ earnings presentations of reshoring, onshoring, and near-shoring have increased almost ten-fold" since the start of the pandemic.
- The IMF said that low-income consumers in developed economies and small market economies in Asia would be disproportionately harmed by trade fragmentation.
- It said that emerging and developing economies could also be harmed by fragmentation, as they will benefit less from "technology spillovers" that come from more trade with technologically sophisticated Western firms.
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 Pictured: Thomas and Withey GOOD NEWS: Jay Withey, a mechanic in upstate New York who saved stranded motorists during a blizzard in December, was given two tickets to the 2023 Super Bowl in Arizona. Withey broke into a school building to provide shelter to nearly two dozen people who were stranded and left a note for police identifying himself and apologizing for the break-in. More: - The Buffalo Bills, in partnership with a regional branch of Blue Cross Blue Shield, gave Withey the tickets.
- Bills legend Thurman Thomas handed the tickets to Withey last week, telling him, "what you did on Christmas Eve was very heroic, and you’re our hero."
- After the blizzard, the local police chief said that Withey "definitely saved some lives."
- "Buffalo is a city of good neighbors, great neighbors actually ... We’re all just a big family. Everyone just sticks together and we’re resilient. You can’t put us down," Withey said.
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 Italian police arrested Matteo Messina Denaro, a fugitive Mafia boss who had been on the run for 30 years. The 60-year-old mobster, convicted in absentia for assassinating two anti-mafia prosecutors in 1992, was seeking cancer treatment at a hospital in the Sicilian city of Palermo when he was arrested. More: - Denaro was also found guilty of bombings in Florence, Milan, and Rome that killed ten people.
- He disappeared from public life at the age of 31, following the arrest of top mafia boss Salvatore Riina in 1993.
- Prosecutors believed that Denaro was the heir-apparent to Riina, who was himself responsible for the murder of Italian prosecutors, police officers, and journalists in the 1990s.
- Italian President Sergio Mattarella, whose brother was assassinated by the mafia in 1980 while serving as Sicily's governor, called police and prosecutors to congratulate them.
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 Pictured: The Colossi of Memnon at a separate site in the southern Egyptian city of Luxor An archaeological mission found a royal tomb in the Egyptian city of Luxor. An Egyptian official said that the tomb likely dates back to the 18th dynasty, which ruled between 1550 B.C. and 1292 B.C. More: - The official said that the tomb likely belonged to a royal wife or princess.
- The joint Egyptian-British archaeological mission will continue to dig at the Luxor site, which has suffered some damage from floodwaters.
- The city of Luxor is home to the Valley of Kings and the tomb of the famed pharaoh Tutankhamun.
Zoom Out: - The Associated Press reported that Egypt's government is actively promoting news about new archaeological discoveries as part of an effort to boost tourism.
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- Abdul Latif Afridi, a top Pakistani lawyer, was shot to death by a colleague in the Peshawar High Court on Monday. The killer, who was still wearing his judicial robes when he shot Afridi, surrendered to police after the shooting and said he had taken revenge on Afridi to settle a feud.
- Iranian-American businessman Siamak Namazi, who has been imprisoned in Iran since 2015, started a week-long hunger strike on Monday.
- Four-time WNBA champion and Olympic gold medalist Maya Moore has retired from professional basketball.
- A former commander of the notorious Russian paramilitary outfit the Wagner Group claimed asylum in Norway after deserting. He is reportedly one of the first-known Wagner soldiers to desert to the West since Russia invaded Ukraine in February 2022.
- As your business grows, so does the number of employees and the information they have access to. In this short video, security experts at Vanta demystify access reviews.*
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 Medusa by Arnold Böcklin (1827-1901). Date unknown.
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 |  | Daniel Smith is an Inside Analyst who currently resides in Miami, Florida. A native of Brooklyn, New York, Daniel spent the last four years as a PhD candidate in Politics and International Studies at Cambridge University in the United Kingdom. He is fascinated by tech, business, politics, venture capital, and everything in between. When he’s not writing for Inside he can be found kicking a ball on the nearest rugby pitch. Follow him on Twitter @DanSmithInside. |  | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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