White House says it does not back Ukraine attacks inside Russia
The White House said it did not support Ukraine launching attacks inside Russia after two drones from Ukraine damaged buildings in Moscow earlier on Monday.
“As a general matter we ...
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Worsening eurozone business downturn reignites recession fears
Eurozone business activity shrank much more than expected in July as demand in the bloc’s dominant services industry declined while factory output fell at the fastest pace since COVID-19 ...
Adidas gets $565 mln in orders for first batch of unsold Yeezy shoes
Adidas (ADSGn.DE) got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company’s “most optimistic forecast,” the Financial Times ...
UBS agrees to pay $388 million over Credit Suisse’s Archegos failings
UBS UBSG.S has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse‘s dealings with private investment firm Archegos Capital Management, the Swiss bank ...
Wildfires kill 34 in Algeria as heatwave sweeps north Africa (Update)
The death toll as wildfires sweep across regions of Algeria has risen to 34 people including 10 soldiers on Monday, the interior ministry said, as a heatwave spreads across north Africa and ...
North Korea fires two missiles after U.S. submarine arrives in South
North Korea fired two ballistic missiles into the sea off its east coast late on Monday, South Korea’s military said, hours after a U.S. nuclear-powered submarine arrived in ...
Putin ally accuses US of planning cyberattacks on Russia
Russian Security Council Secretary Nikolai Patrushev accused the United States on Monday of planning cyberattacks against Russia’s “critical information infrastructure”, state media reported on Monday.
Patrushev was quoted as ...
Britain’s first £1m footballer Trevor Francis dies at 69
Former England forward Trevor Francis has died at the age of 69 after suffering a heart attack, his family said on Monday.
Francis started his playing career at Birmingham City in 1970 ...
Protests rage as Israel passes contested curbs on some Supreme Court powers (Update)
Israel’s parliament on Monday ratified the first bill of a judicial overhaul sought by Prime Minister Benjamin Netanyahu, after last-gasp compromise efforts collapsed and failed to ease a constitutional ...
Before election, UK’s Sunak recommits to housing promises
British Prime Minister Rishi Sunak recommitted on Monday to promises to boost homebuilding by the next election to tackle a lack of housing stock that has alienated many younger voters ...
OpenAI’s Sam Altman launches Worldcoin crypto project
Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday.
The project’s core offering is its World ID, which the company describes as a “digital passport” ...
Oil rally takes a breather ahead of Fed, ECB rate hikes
Oil prices eased on Monday as traders awaited more rate hike cues from US and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a ...
Russia attacks Ukraine’s vital Danube export route in widening strikes
Russia destroyed Ukrainian grain warehouses on the Danube River and wounded seven people in a drone attack on Monday, expanding the target area of an air campaign it launched last ...
Popp doubles down as Germany maul Morocco 6-0
Talismanic captain Alexandra Popp scored a brace as Germany launched their bid for a third Women’s World Cup title with a 6-0 demolition of debutants Morocco on Monday.
In ...
Dead EV batteries turn to gold with US incentives
A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America, putting the region at the forefront of a global race ...
Tourists flown home as wildfires rage on Greek islands
Tour operators flew home nearly 1,500 holidaymakers at the start of a mass evacuation from wildfires raging on the Greek island of Rhodes on Monday and officials said the threat of ...
Companies buy into suppliers to secure deliveries, hit green targets
Major brands, including the investment arm of the IKEA group, are following automakers’ lead in snapping up stakes in suppliers of raw materials and energy, seeking greater control over their ...
Super sub Girelli earns Italy 1-0 win over Argentina
Substitute Cristiana Girelli’s 87th-minute header gave Italy a 1-0 win over Argentina in their Women’s World Cup opener at Eden Park on Monday, denying the South Americans a ...
Hike and then?: Five questions for the ECB
The European Central Bank looks set to pull the rate-hike trigger on Thursday, but what it will do after July is less certain and financial markets are craving some guidance.
...
Russia talks of retaliation after ‘Ukrainian drone strike’ near Moscow army HQ
Russia spoke of taking harsh retaliatory measures against Ukraine after two drones damaged buildings in Moscow early on Monday, including one close to the Defence Ministry’s headquarters, in what ...
Spain faces political uncertainty after right fails to win predicted majority
Spaniards were greeted by political gridlock on Monday after the right failed to clinch a predicted decisive victory and no clear winner emerged in the country’s general election.
The ...
Repatriation flights head for Greece as wildfires force tourists to flee
Wildfires burned across Greece on Monday, forcing people to be evacuated from a beach on the island of Corfu while tourists crowded an airport on Rhodes after thousands fled hotels ...
Turkey raises euro rate for medicine prices by 30.5 per cent
Turkey has raised the euro-lira conversion rate for medicine prices by 30.5 per cent to 14.0387 lira per euro, the country’s Official Gazette showed on Sunday.
The updated conversion rate is ...
US weekly jobless claims unexpectedly fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to persistent strength in the labour market.
Initial claims for state unemployment benefits dropped 9,000 to ...