Euro climbs after ECB’s ‘ground-breaking’ hawkish turn
The euro was on track on Friday for its best week versus the dollar since the COVID-19 pandemic hit, after a hawkish turn by the European Central Bank (ECB) sent ...
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Xi Jinping declares Beijing Winter Games open
Chinese President Xi Jinping declared the opening of the Beijing Winter Games, triggering a burst of fireworks that marked the start of an Olympics whose preparations were beset by the ...
Chasing sky-high valuations, Dubai bankers switch to tech sector
Faced with deal fees in the Gulf region a fraction of those in markets elsewhere, many Dubai bankers are handing in their notices, attracted by the lure of cashing out, ...
Erdogan says Turkey, Israel can jointly bring gas to Europe
Turkey and Israel can work together to carry Israeli natural gas to Europe and the two countries will discuss energy cooperation during talks next month, Turkish President Tayyip Erdogan was ...
Gatwick-owner Vinci sees 2022 profit surpassing pre-pandemic levels
France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven.
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Eurozone firms see wages rising by 3 per cent or more, ECB says
Eurozone companies expect wages to rise by 3 per cent or more this year as workers demand to be compensated for inflation and it becomes more difficult to find staff such ...
Minneapolis police releases video of SWAT team shooting dead armed Black man
A 22-year-old armed Black man was fatally shot by a Minneapolis police SWAT team during a raid on his apartment on Wednesday, video recorded by a police body camera showed.
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British PM Johnson is ‘taking charge’ after lockdown party row, minister says
British Prime Minister Boris Johnson was fighting on Friday to shore up his authority after a senior aide resigned over his false claim that the leader of the opposition Labour ...
After fraught Games run-up, Beijing turns to opening ceremony
The Beijing Olympics, wrapped in a bubble against COVID-19 shadowed by a diplomatic boycott over human rights and devoid of most spectators, began on Friday with a return to the ...
Rotterdam joins Amsterdam in freezing new “dark stores”
The city of Rotterdam is to put a one-year freeze on the introduction of any more “dark stores” – small distribution centres in the city used as hubs for on-demand grocery ...
Britain scrambles $12 billion to soften 54 per cent household energy price blow
Energy prices for millions of Britons will soar from April after a 54 per cent hike to the regulatory price cap, forcing the government to stump up 9 billion pounds ($12 billion) of ...
Meta’s miss creates Big Tech divide: who’s got the data
Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner Meta Platforms Inc (FB.O) ...
U.S. intelligence: Russia may stage video to create pretext for Ukraine war
Russia has formulated several options as an excuse to invade Ukraine, including the potential use of a propaganda video showing a staged attack, the United States said on Thursday, as ...
Four aides quit amid tumult in UK PM Johnson’s premiership
Four of British Prime Minister Boris Johnson’s closest aides resigned on Thursday and his finance minister criticised him over a barb he made about the main opposition leader, in ...
Merck sees 2022 sales up nearly 20%, mostly on new Covid pill
Merck & Co said on Thursday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its new COVID-19 pill, molnupiravir.
The drugmaker ...
Canada will not use troops to deal with truckers’ protest, Trudeau says
The Canadian government has no plans to send in troops to deal with a vaccine mandate protest by truckers that has brought traffic in central Ottawa to a halt, Prime ...
Beijing will deliver ‘safe and splendid’ Olympics, says Xi
The Beijing Olympics, which officially opens on Friday, will be streamlined, safe and splendid, Chinese President Xi Jinping said on Thursday, as the head of the IOC decried boycott ghosts “...
Serbia president praises Djokovic’s ‘great fight’ in Australia
Serbia’s president on Thursday praised tennis star Novak Djokovic’s “great fight” over his bid to play at the Australia Open despite not being vaccinated against COVID-19.
An Australian ...
Historic Dutch bridge to make way for superyacht built for Bezos
The city of Rotterdam has agreed to remove a section of historic bridge in the Netherlands to make way for a superyacht, reportedly built for Amazon.com founder Jeff Bezos.
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Turkey’s Erdogan slams Greece after migrants freeze to death near border
Turkish President Tayyip Erdogan on Thursday slammed Greece’s stance on migrants after more than a dozen people were found frozen to death this week just inside Turkey’s border.
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US forces kill Islamic State leader in Syria, Biden says
US special forces have killed the leader of the jihadist group Islamic State in a raid in northwest Syria, President Joe Biden said on Thursday.
A senior U.S. administration ...
Bank of England hikes rates in clamour to contain spiralling inflation
The Bank of England raised interest rates to 0.5 per cent on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central ...
Turkish central bank begins distributing 2021 profits to shareholders
Turkey’s central bank said on Thursday it had decided to pay advance dividends from its 2021 accounting period and distribute its reserve fund from 2020 profits to shareholders, including the Treasury.
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NATO: Russia to have 30,000 troops on drills in Belarus, north of Ukraine
NATO said Russia had stepped up deployments to Ukraine’s northern neighbour Belarus in recent days and was expected to have 30,000 troops there for joint military exercises this month.
The ...