Why is the Bank of England talking about raising rates?
Under pressure to act as inflation jumps towards double its 2 per cent target, the Bank of England appears to be gearing up to be the first of the world’s ...
Articles
Germany qualify for World Cup, crucial win for Wales
Germany qualified for the 2022 World Cup after crushing North Macedonia 4-0 on Monday to secure the top spot in their qualifying Group J with two games to spare.
Two second ...
Coronavirus: WHO advises additional Covid shot for immunocompromised people
The World Health Organization on Monday recommended that immunocompromised people be given an additional dose of COVID-19 vaccine, due to their higher risk of breakthrough infections after standard immunisation.
The ...
Afghan minister wants good relations, needs more time on girls’ education
Afghanistan’s foreign minister appealed to the world for good relations on Monday but avoided making firm commitments on girls’ education despite international demands to allow all Afghan children to ...
Economics Nobel honours ‘natural experiments’, from minimum wage to migration
Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering “natural experiments” to show real-world economic impacts in areas from minimum wage increases ...
Israel says it will keep Golan as Assad’s fortunes, US views shift
Israel will keep the Golan Heights, which it captured from Syria in a 1967 war, even if international views on Damascus change, Israeli Prime Minister Naftali Bennett said on Monday.
In 2019, ...
ASOS chief exec steps down as fast fashion retailer warns on profit
ASOS (ASOS.L), the British online fashion retailer, warned on Monday that logistics costs and supply chain disruptions could reduce 2022 profit by more than 40 per cent and said CEO Nick ...
Kremlin critic Alexei Navalny says his prison has designated him a terrorist
Jailed Kremlin critic Alexei Navalny said on Monday that a prison commission had designated him an extremist and a terrorist, but officially no longer regarded him as a flight risk.
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Crude jumps on global energy crunch; US oil at 7-year high
Oil prices rose 2 per cent on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in economic activity and ...
Saudi Aramco taps banks for $12-14 bln gas pipeline loan
Saudi Aramco (2222.SE) has asked banks to arrange a loan expected to be in the $12 billion-14 billion range that it plans to offer to buyers of its gas pipeline network, ...
Business travel to suffer from ‘carbon budget’ plans
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives ...
AstraZeneca antibody cocktail succeeds in late-stage study to treat Covid-19
AstraZeneca’s experimental Covid-19 drug has helped cut the risk of severe disease or death in a late-stage study, the British drugmaker said on Monday, a boost to its efforts ...
Mbappe and Benzema show Spain exactly what they lack
The Nations League Final Four may only be a bite-sized mini-tournament, but this week’s action still provided a reminder of one of the game’s most enduring truths – it ...
Ireland accuses Britain of ‘shifting the playing field’ over Northern Ireland trading issues
Ireland accused Britain on Monday of “shifting the playing field” in talks to resolve post-Brexit trading issues in Northern Ireland after London emphasised the need to remove EU judicial oversight ...
Tsitsipas makes short work of Martinez at Indian Wells
Stefanos Tsitsipas stormed into the third round at Indian Wells for the first time in his career on Sunday, as the second seed beat Spaniard Pedro Martinez 6-2 6-4 under ...
Lebanese firefighters contain fire at fuel facility, minister says (Updated)
Firefighters contained a blaze at a gasoline storage tank in southern Lebanon on Monday, the energy minister said, the latest blow to a nation grappling with a deep economic crisis ...
TSMC and Sony considering joint chip factory
Taiwan’s TSMC (2330.TW) and Japan’s Sony Group Corp (6758.T) are considering jointly building a chip factory in Japan, with the government ready to pay for some of the ...
UK business minister defends wages stance, says BoE can handle inflation
The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said on Sunday, expressing confidence in the Bank of England’s ability to curb rising ...
Sydney finally reopens but unvaccinated remain in lockdown
Unvaccinated to remain in lockdown until Dec 1
Sydney’s cafes, gyms and restaurants welcomed back fully vaccinated customers on Monday after nearly four months of lockdown, as Australia aims to ...
One month on, El Salvador’s bitcoin use grows but headaches persist
A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars ...
Egypt begins IPO of state payments firm e-finance
Egyptian state-controlled payments firm e-finance for Digital and Financial Investments began an initial public offering (IPO) for retail investors on Sunday, an official from one of the banks acting as ...
Mbappe scores winner as France beat Spain in Nations League final
World champions France won the Nations League final with goals from Karim Benzema and Kylian Mbappe earning them a 2-1 win over Spain at the San Siro stadium on Sunday.
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Bottas wins in Turkey, title advantage to Verstappen
Valtteri Bottas ended his year-long drought with a dominant victory in Turkey on Sunday while unhappy Mercedes team mate Lewis Hamilton finished fifth and lost the Formula One championship lead ...
Czech President Zeman in intensive care at key post-election time
By Robert Muller
Czech President Milos Zeman was receiving treatment in an intensive care unit on Sunday, creating uncertainty at a time when he is due to lead political talks ...