US consumers borrow at record levels as car prices surge
US consumers are responding to surging prices for new cars and trucks by going deeper into debt, pushing the average new vehicle loan to a record-high $40,290 during the second quarter, ...
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Saudi Arabia to invest $1 billion in Pakistan – Saudi state TV
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported on Thursday.
Saudi King Salman bin Abdulaziz had given the directive for the kingdom to support the Pakistani ...
Man City’s Haaland, Barca’s Lewandowski to meet former clubs in Champions League
Two of Europe’s leading strikers will take on their former teams as Manchester City’s Erling Haaland faces Borussia Dortmund and Barcelona’s Robert Lewandowski meets Bayern Munich after ...
Russian-held nuclear plant disconnects from Ukraine grid for first time – Energoatom (Update 1)
Ukraine said its Zaporizhzhia nuclear power plant was disconnected from the Ukrainian grid for the first time ever on Thursday, fueling fears of a possible mishap at Europe’s largest ...
Europe’s Wizz Air considering a Saudi operating license
European budget carrier Wizz Air (WIZZ.L) is considering basing an airline in Saudi Arabia as part an agreement signed with the government this year to develop the kingdom’s ...
Russia confirms Independence Day strike, Kyiv says 25 civilians killed
Russia’s Defence Ministry said on Thursday its forces had struck a railway station in eastern Ukraine, confirming an attack which Kyiv says also hit a residential area and killed 25 ...
Kobe Bryant widow awarded $16 million over crash site photos
A jury has awarded Vanessa Bryant $16 million in damages among a $31 million judgment in the invasion of privacy lawsuit she and another brought against Los Angeles County.
Fellow plaintiff Chris ...
Putin signs decree to increase size of Russian armed forces
Russian President Vladimir Putin signed a decree on Thursday to increase the size of Russia’s armed forces from 1.9 million to 2.04 million as the war in Ukraine enters its seventh ...
Biden forgives millions of student loans; critics fear inflation
President Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign ...
Hunger increasing worldwide but women bear the brunt of food insecurity
Recent UN data on food insecurity paints a bleak picture of a growing international problem: global hunger is not only growing but it disproportionately affects women. Similarly, the international humanitarian ...
US: planned trials of Ukrainian POWs would be ‘mockery of justice’
The U.S. State Department on Wednesday condemned plans by Russian-backed authorities to put on trial Ukrainian prisoners of war in the southern port of Mariupol, saying Russia would be ...
Oil prices rise on potential OPEC+ supply cuts; BP shuts US refinery units
Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US ...
Greece’s Aegean Airlines in code sharing deal with Emirates
Greece’s largest carrier Aegean Airlines (AGNr.AT) said on Wednesday it had struck a so-called code sharing agreement with Emirates, allowing both companies to offer more destinations to their ...
Portugal’s drought prompts water price rise, street-cleaning ban
Facing an unprecedented drought, Portugal’s government recommended that 43 municipalities temporarily increase water prices for their biggest consumers and suspend street cleaning and watering in public parks and gardens.
All ...
In isolated Russia, a tale of two economies
Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its ...
Italy to update gas emergency plan next week
The Italian government will update its gas emergency plan next week, a government source said on Thursday, adding Rome will not resort to rationing since it has reduced its dependence ...
ECB’s Lagarde: climate change has clear impact on inflation
The European Central Bank needs to take climate change into account when making decisions as it has a clear impact, especially on inflation, the chief of the European Central Bank ...
Sony hikes PS5 price on rising interest rates
Sony Group Corp (6758.T) said on Thursday it was hiking the price of its PlayStation 5 games console in markets including Europe, Japan and Britain following economic pressures including rising interest ...
UK leadership candidate Sunak attacks COVID lockdown response
Former finance minister Rishi Sunak, one of two candidates vying to be Britain’s next prime minister, said it was a mistake to have “empowered” scientists during the coronavirus pandemic ...
Djokovic missing US Open over Covid vaccine status would be ‘a joke’ – McEnroe
Four-time U.S. Open winner John McEnroe said it would be “a joke” if Novak Djokovic is unable to compete at the U.S. tournament starting later this month due ...
Rangers, Copenhagen reach Champions League group stage
Rangers returned to the Champions League group stage for the first time in 12 years with a 1-0 win at PSV Eindhoven on Wednesday while Dinamo Zagreb also qualified with an ...
Trial of Finnish journalists accused of high treason begins Thursday
Three journalists from Finland’s largest daily are expected to appear in a Helsinki court on Thursday, suspected of publishing classified defence intelligence in an unprecedented case for the Nordic ...
NFTs worth $100 million stolen in past year, Elliptic says
Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in ...
Fintech’s next big down round may have an upside
Financial technology startups are facing lean times. Klarna set the tone last month by raising cash at an 85 per cent discount to its previous funding round. The Swedish buy-now-pay-later group ...