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 ...
Articles
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 ...
Separatist official says Russian and proxy forces enter Ukraine’s Siversk -TASS
Russian and proxy forces have entered the town of Siversk in Ukraine’s Donetsk region, Russian state news agency TASS reported on Wednesday.
Reuters could not independently verify the report.
...
Sunak tops first round of voting in UK leadership contest
Former Chancellor Rishi Sunak won the biggest backing from Conservative lawmakers on Wednesday in the first vote to choose who will succeed Boris Johnson as party leader and British prime ...
Claret Jug comes with weight of history at St Andrews
The Claret Jug weighs only 2.5kg but when The Open is played on the Old Course at the ‘Home of Golf’, the trophy comes with the added weight of history.
...
US consumer inflation rises to highest annual rate since 1981
US consumer prices surged 9.1% in June, the largest annual increase in more than four decades amid stubbornly high costs for gasoline, food and rent, cementing the case for another 75-basis-point ...
Computer chips face toilet paper hoarding moment as shortage turns to glut
A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products.
All that suddenly changed over ...
Dollar jumps, euro breaks parity after consumer prices surge
The dollar surged to a 20-year high against a basket of currencies and the euro broke below parity against the greenback after data on Wednesday showed US consumer price inflation ...
US calls for immediate halt to Russian deportations in Ukraine
The United States called on Russia to immediately release Ukrainians it has forced out of their home country and allow outside observers, citing reports Moscow was putting Ukrainian children up ...
French Senate report criticises security flaws over Champions League disorder
A French Senate report on Wednesday slammed organisational failings that resulted in crowd disorder and crime at May’s Champions League soccer final between Liverpool and Real Madrid, which sparked ...
Sri Lankan president flees to Maldives, protesters storm PM’s office
Sri Lankan President Gotabaya Rajapaksa fled to the Maldives on Wednesday,bringing to an apparent end his family’s near two-decade dominance of the country after a massive popular uprising ...
Biden lands in Israel at start of high-stakes Middle East visit
U.S. President Joe Biden arrived in Israel on Wednesday, kicking off a high-stakes trip to the Middle East dominated by efforts to persuade Gulf allies to pump more oil ...
Eight hopefuls wanting to be next UK PM face first vote to narrow field
Conservative lawmakers will begin voting shortly to narrow the field of eight candidates hoping to succeed Boris Johnson as party leader and prime minister, in an increasingly fractious contest marked ...
Two-thirds of Ukraine refugees plan to stay put for now – UN
Around two-thirds of refugees from Ukraine expect to stay in their host countries until hostilities subside and the security situation improves after Russia’s invasion, a survey by the United ...
Turkey reports deal to restore Ukrainian grain exports, UN says more work needed (update)
Russia, Ukraine, Turkey and the United Nations are due to sign a deal next week aimed at resuming Ukraine’s Black Sea grain exports, but U.N. chief Antonio Guterres ...
Taking charge of DC United not a backward step, says Rooney
Wayne Rooney said taking over as head coach of DC United was not a “backward step” after the Major League Soccer club confirmed the former Manchester United and England forward’...
EU edges closer to ending ‘too-big-to-fail’ banks by 2024
The European Union’s body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none ...
Russia says EU ban on goods transit to Kaliningrad ‘not resolved’
The Kremlin said on Wednesday it was expecting progress over a possible European Union deal to allow Russia to transit some sanctioned goods to its Kaliningrad exclave via the EU, ...
Trump and Musk poke fun at one another
Donald Trump ratcheted up attacks on Tesla’s CEO Elon Musk, after Musk said Trump was too old to become the next U.S. president and Trump needed to “sail ...