Russia’s Lavrov calls Truss uncompromising, mocks her Macron comment
Russia’s Foreign Minister Sergei Lavrov on Tuesday criticised Britain’s new Prime Minister Liz Truss for not being willing to compromise and mocked her for saying she did not ...
Articles
Big rate hike won’t save euro as energy shock deepens
The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do ...
Ample world rice supplies to cushion impact of Pakistan, China crop losses
Abundant rice supplies in key exporters may largely offset an expected drop in output after floods in Pakistan and severe heatwave in China damaged crops, capping any gains in prices ...
Oil prices inch lower on symbolic OPEC+ output cut
Oil prices edged lower on Tuesday, paring gains from the previous session, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely ...
Sterling shows signs of life as Truss hints at energy relief
Sterling lifted on Tuesday as media reports offered new details on how incoming Prime Minister Liz Truss is planning to tackle Britain’s growing energy crisis.
Household bills are due ...
Don’t give masked Aubameyang ‘superhero’ ideas, says Chelsea’s Tuchel
Chelsea’s new striker Pierre-Emerick Aubameyang could make his debut for the London side in the Champions League wearing a mask for his injured jaw but manager Thomas Tuchel on ...
Haaland alone will not help City win Champions League, says Guardiola
Erling Haaland has settled well into his new role as Manchester City’s attacking spearhead but the Premier League club cannot rely on just him to win the Champions League, ...
Volkswagen triggers landmark Porsche IPO plan, defying market doubts
Volkswagen (VOWG_p.DE) on Monday announced its intention to float sports car brand Porsche, triggering what could become one of the world’s largest listings even as record inflation ...
Truss appointed as Britain’s PM, Johnson bows out
Queen Elizabeth appointed Liz Truss as British prime minister on Tuesday, tasked with steering the country through a looming recession and energy crisis that threatens the futures of millions of ...
Hungary to set up anti-corruption body in bid to unlock EU funds
Hungary will create an anti-corruption authority and a working group involving non-government organisations to oversee the spending of European Union funds, the government said in a decree in its official ...
Terrific Tiafoe knocks out Nadal in major U.S. Open upset
American Frances Tiafoe played the match of his life to beat second seed Rafa Nadal 6-4 4-6 6-4 6-3 in the fourth round of the U.S. Open on Monday.
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Rescue efforts underway as China earthquake toll rises to 65
The death toll from the strongest earthquake to hit China’s southwestern Sichuan province since 2017 rose to 65 on Tuesday as rescuers rushed to reach hundreds of stranded people, restore utilities ...
Credit Suisse expands in Qatar, launches tech hub
Credit Suisse (CSGN.S) will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.
It will create ...
Power cuts, traffic snarls as India’s tech hub endures second day of floods
Many parts of India’s tech hub of Bengaluru were under water for a second day on Tuesday as more rain fell in an unusually wet monsoon season, bringing traffic ...
Euro plunges to new 20-year low after Russian gas halt
The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy ...
Turkey’s inflation hits new 24-year high beyond 80 per cent
Turkey’s annual inflation climbed to a fresh 24-year high of 80.21 per cent in August, a bit below expectations according to data on Monday, after the central bank unexpectedly cut ...
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
The oil producers ...
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
The oil producers ...
Putin approves new foreign policy doctrine based on ‘Russian World’
President Vladimir Putin on Monday approved a new foreign policy doctrine based around the concept of a “Russian World”, a notion that conservative ideologues have used to justify intervention abroad ...
Britain’s new PM Truss draws scathing reaction from Moscow
Russian politicians and media lined up on Monday to heap scorn on Britain’s next prime minister, Liz Truss, predicting her ascent to power would do nothing to improve dire ...
In Brussels, Ukraine seeks backing for special war crimes tribunal
Ukraine’s government on Monday sought political backing in Brussels for the creation of a special tribunal to prosecute Russian military and political leaders it holds responsible for starting the ...
Gazprom: off-line Nord Stream compressor station now deemed hazardous
Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany ...
France, Germany to provide each other with gas, electricity, to weather crisis
France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday, saying this showcased European solidarity in the ...
Germany to keep two nuclear reactors in reserve until April 2023
Germany will keep two of its three remaining nuclear plants available for power production as part of a reserve scheme recommended by power transmission grid operators (TSOs) that stress-tested electricity ...