President Biden says Russia invasion risk still a reality, New Zealand Prime Minister Jacinta Ardern faces stiff competition, Prince Andrew settles sex abuse lawsuit for undisclosed amount, and MORE.

"Historic" settlement reached for Dyson Heydon's sexual harassment case, US closes its embassy in Ukraine capital, Liberal MP pushes for higher inheritance taxes, and MORE.

Let's take a look at this week's market statistics.

Stock markets take a hit as oil prices surge on more failed talks between Vladimir Putin and Joe Biden over Ukraine, Pakistan PM fears Afghanistan could descend into chaos, and MORE.

Russia ramps up Ukraine threat, Morrison shelves unsuccessful religious freedom bill, Hong Kong persists with Covid-Zero policy, and MORE.

Gig economy workers remain contractors in Australia, CBA performs better than expected in reporting season, Twiggy Forrest ventures further into renewables, and MORE.

New survey names Victoria as hardest state to conduct business in Australia, business leaders rally behind faltering Magellan Financial Group, SoftBank turns to IPO for Arm Ltd after fallout from Nvidia deal, and MORE.

How are the coronavirus and global economy shaping this week?

Australia to lift international border restrictions this month, Meta threatens to pull Facebook from Europe, Germany criticised for lack of support for Ukraine, and MORE.

Strong US reporting season could have an inverse effect on the stock market, Covid-19 tests to be tax-deductible in Australia, Meta picking up the pieces from its history-making 26% drop, and MORE.

Facebook shares tank 27% after reports it is struggling with user retention, Australian economy hit by worker shortage, Hong Kong sees further population exodus, and MORE.

RBA dismisses four rate rises in 2022, Royal Commission implores Packer to sell stake in Crown, equities hold strong so far this week, and MORE.