Italian president asks Draghi to rethink resignation (Update 3)
The Italian head of state on Thursday rejected the resignation of Prime Minister Mario Draghi and asked him to address parliament to get a clear picture of the political situation, ...
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Former finance minister Sunak cements lead in race to be Britain’s PM
Former finance minister Rishi Sunak cemented his lead over rivals to become Britain’s next prime minister on Thursday in an increasingly bitter race to replace Boris Johnson.
Sunak, whose ...
‘Feta’ is Greek, EU top court says in snub to Denmark
Greece on Thursday scored a win in its fight to protect their right to the term ‘Feta’ as Europe’s top court reprimanded Denmark for not blocking local companies from ...
Forty-five nations pledge to coordinate evidence of war crimes in Ukraine
The United States and more than 40 other countries agreed on Thursday to coordinate investigations into suspected war crimes in Ukraine, shortly after what Kyiv said was a Russian missile strike ...
Sri Lankan president hands in resignation after fleeing to Singapore
Sri Lankan president Gotabaya Rajapaksa submitted a letter of resignation on Thursday, a spokesperson for the parliament speaker said, hours after fleeing to Singapore following mass protests over an economic ...
Italian government risks implosion after 5-Star mutiny
Italian Prime Minister Mario Draghi’s coalition government risked collapse on Thursday after the 5-Star Movement, one of its members, failed to support a parliamentary confidence vote including measures to ...
Twitter back up for many users after global outage
Twitter (TWTR.N) was coming back online on Thursday after an hour-long outage kept thousands of users across the globe from accessing the social media website.
The outage affected nearly 2,000 ...
Crypto lender Celsius files for bankruptcy
US crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices.
New ...
Euro is at parity; its fate is now with energy markets
The euro’s tumble below $1 for the first time in two decades puts it on course for one of the worst years in its history, especially if the energy price ...
Russian foreign ministry attacks West for giving Ukrainian forces weapons training
Russia’s foreign ministry on Thursday attacked the United States and Britain for helping train Ukraine’s armed forces, calling it part of “hybrid warfare” being waged by NATO countries ...
Deutsche Telekom to sell towers stake for $17.5 bln
Deutsche Telekom (DTEGn.DE) has agreed to sell 51 per cent of its towers business to a consortium of Canada’s Brookfield and US private equity firm DigitalBridge after they placed ...
Turkey and France battle wildfires, residents evacuated
Thousands of people were evacuated due to a wildfire in Turkey’s southwestern Datca peninsula, as firefighters battled on Thursday to contain the blazes fanned by strong winds that spread ...
Oil prices fall ahead of potential large US rate hike
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large US rate hike that could stem inflation and curb crude demand.
Brent crude futures ...
Ukrainian military launch new attack on Russian forces in southern Ukraine
Ukrainian forces hit two military checkpoints and a landing pad on Thursday in the second strike this week on a Russian-held area in southern Ukraine, Ukrainian officials said.
The new ...
U.S., Israel to sign joint pledge on denying nuclear weapon to Iran
U.S. President Joe Biden and Israeli Prime Minister Yair Lapid on Thursday will sign a joint agreement pledging to prevent Iran from acquiring a nuclear weapon on the second ...
New Zealand announces free masks, tests as health system struggles with Covid
The New Zealand government on Thursday announced free masks and rapid antigen tests as it tries to stem the spread of COVID-19 and relieve pressure on the country’s health ...
Breakthrough at Ukraine grain export talks as heavy shelling continues
Ukraine, the United Nations and Turkey hailed progress at talks in Istanbul that aim to resume Black Sea grain exports blocked by Russia and ease the risk of starvation faced ...
Why the euro’s fall below parity versus dollar matters
Europe’s single currency has dropped below parity against the dollar for the first time in almost 20 years, battered by growing recession fears in the euro area.
On Wednesday, it ...
Sri Lanka awaits president’s resignation after flight
Sri Lankans waited for the resignation of President Gotabaya Rajapaksa on Thursday, a day after he fled to the Maldives to escape a popular uprising against an economic crisis blamed ...
Wall Street falls after red-hot inflation data
Wall Street’s main indexes fell on Wednesday after hotter-than-expected inflation data fueled bets that the US Federal Reserve will hike interest rates aggressively to tame surging prices.
The Labor ...
Hezbollah chief vows ‘no one’ will extract gas, oil from maritime zones if Lebanon unable to do so
The head of powerful armed group Hezbollah warned on Wednesday that “no one” would be allowed to operate in maritime oil and gas fields if Lebanon was barred from its “...
Scorching heatwave sparks wildfires in Europe
Nearly 20 blazes raged across Portugal and several burned in western Spain on Wednesday, menacing villages and disrupting tourists’ holidays amid a heatwave that meteorologists expect to push temperatures into the ...
Gas won’t make EU’s next Russian sanctions package, Czech leader says
The European Union is preparing a seventh package of sanctions against Moscow but it is already clear that it will not curb imports of Russian gas as too many member ...
Pope names women to bishops advisory committee for first time
Pope Francis has named three women, two nuns and a lay woman, to a previously all-male committee that advises him in selecting the world’s bishops, the Vatican said on ...