FTSE 100 logs worst day in seven weeks as recession worries mount
UK’s FTSE 100 logged its worst daily performance in seven weeks on Wednesday as warnings of even higher inflation in the coming months raised fears of a deep recession in ...
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Lebanon president, amid financial meltdown, returns amended bank secrecy law to parliament
Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to strengthen it.
Parliament’s ...
Germany says it will expand military presence in Indo-Pacific
Germany will expand its military presence in the Indo-Pacific by sending more warships and joining drills with allies as it keeps an eye on the “enormous” build-up of China’s ...
Hackers hit Italian oil company Eni’s computer networks
Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday.
“The internal protection systems ...
Queen Elizabeth will appoint new prime minister at Balmoral
Queen Elizabeth will break with tradition and appoint Britain’s new prime minister at her Balmoral Castle residence in Scotland, rather than at Buckingham Palace in London, due to mobility ...
Spanish toddler dies after being hit by giant hailstone
A 20-month-old girl died after being struck on the head during a violent hailstorm that caused havoc in Catalonia, northeastern Spain, authorities said on Wednesday.
Fist-sized hailstones up to 10 centimetres (4 ...
While rest of EU mourns, Baltics recall Gorbachev as agent of repression
Widely praised in the West as a towering statesman who helped end the Cold War, Mikhail Gorbachev was remembered in the Baltic states on Wednesday as a repressive autocrat who ...
Pogba paid 100,000 euros to extortionists – source
France midfielder Paul Pogba was the target of extortion by childhood friends since March and paid 100,000 euros to that group in the spring, a source close to the investigation told ...
EU restricts travel rules for Russians, but no outright ban (Update 2)
EU foreign ministers decided on Wednesday to make it more expensive and lengthier for Russians to obtain visas to travel to the bloc, but stopped short of agreeing to the ...
Kremlin: Gorbachev helped end Cold War but was wrong about ‘honeymoon’ with West
The Kremlin on Wednesday hailed late Soviet leader Mikhail Gorbachev as an extraordinary global statesman who helped end the Cold War, but said he had been badly wrong about the ...
Amazon, Google slam Microsoft’s cloud computing changes
Amazon (AMZN.O) and Alphabet (GOOGL.O) unit Google criticised Microsoft’s (MSFT.O) cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival ...
Mourners mark Princess Diana’s death in Paris, 25 years on
Mourners marked the 25th anniversary of Princess Diana’s death in Paris on Wednesday, laying flowers and leaving messages on the bridge above the underpass where she was killed in ...
Grain silos at Mykolaiv port hit by Russian attack
Grain silos in Ukraine’s second biggest port, Mykolaiv, were hit by Russian shelling of the city on Tuesday, causing a fire that was still burning on Wednesday, Ukraine’s ...
Cataclysmic floods in Pakistan kill 1,100
Torrential rains and flooding have submerged a third of Pakistan and killed more than 1,100 people, including 380 children as the United Nations appealed for aid on Tuesday for what it described ...
Trump team may have moved classified papers amid probe
The U.S. Justice Department said it had evidence that classified documents were deliberately concealed from the FBI when it tried to retrieve them in June from former President Donald ...
Fintech firm Wise fined $360,000 by Abu Dhabi regulator
The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements.
Abu ...
Remains of small armour-plated dinosaur unearthed in Argentina
Palaeontologists on Thursday heralded the discovery of a previously unknown small armoured dinosaur in southern Argentina, a creature that likely walked upright on its back legs roaming a then-steamy landscape ...
Gulf banks with Turkey exposure to suffer further losses, Fitch says
Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said ...
Oil prices climb 1 per cent as US fuel inventories fall
Oil prices recovered slightly on Wednesday as data pointed to firm US fuel demand, providing respite after a 5 per cent drop a day earlier on fears that demand will suffer ...
Raducanu falls at first hurdle in US Open title defence
Emma Raducanu’s US Open title defence ended at the first hurdle with a straight-sets loss to veteran Frenchwoman Alize Cornet.
It was a far cry from the events of 12 ...
Russia gives 12.5 per cent stake in Sakhalin Energy to Mitsui unit
The Russian government on Tuesday said it approved handing over a 12.5 per cent stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, ...
Gorbachev’s tragedy – a flawed reformer on an impossible mission
Lauded in the West as the man who helped bring down the Berlin Wall and end the Cold War without bloodshed, Mikhail Gorbachev was widely despised at home as the ...
Fugitive Turkish crypto fraud suspect arrested in Albania resort
Albanian police on Tuesday arrested the fugitive Turkish founder of crypto-exchange Thodex, wanted by Interpol for suspected crypto fraud and at large for a year, police and media said.
Albanian ...
Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report
By Gloria Dickie
Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a ...