Tesco says Britain’s food inflation has peaked
Tesco (TSCO.L), Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed shoppers and the wider economy as the group ...
Turkish central bank net reserves rise to $-3.17 billion as Ankara loosened grip on foreign-exchange market
The Turkish central bank’s net forex reserves rose some $2.5 billion from a historic low to stand at $-3.17 billion as of June 9, data showed on Thursday, as Ankara loosened ...
Explosions rock Kyiv as African peace mission visits Ukraine
At least two explosions rocked Kyiv on Friday and air raid sirens blared as African leaders began a peace mission, hoping to mediate between Ukraine and Russia.
The African delegation, ...
Bank of England set to raise rates to 4.75 per cent as inflation slow to fall
The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75 per cent on June 22, its 13th straight rate rise as it ...
Kremlin says Putin open to any contacts on ‘Ukrainian problem’
The Kremlin said on Friday that Russian President Vladimir Putin is still open to any contacts to discuss a resolution of the Ukraine conflict, Russian news agencies reported.
The comments ...
Involving EU in Cyprob ‘futile’ says Tatar, amid intense re-start efforts
Ersin Tatar issued a statement on Thursday saying that seeking involvement outside of the UN, towards resolution of the Cyprus problem, is pointless without Turkish Cypriot input.
Tatar’s comments ...
Blinken heads to Beijing hoping to calm fears of a US-China break
U.S. Secretary of State Antony Blinken flies to Beijing this weekend with expectations low that he will make headway on the long list of disputes between the U.S. ...
How migrant tragedy unfolded on the high seas off Greece
As Greece confronts its worst sea disaster in years, questions are mounting about how potentially hundreds of migrants drowned even as their vessel was being shadowed by the Greek coastguard.
...
Qatar in talks with Egypt’s wealth fund over hotels investment
Qatar’s sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that ...
Saudi inflation ticks higher in May to 2.8 per cent, driven by rents
Saudi Arabia’s inflation rate was 2.8 per cent in May, slightly higher than 2.7 per cent the previous month, driven by housing costs, government data released on Thursday showed.
Higher prices ...
Donors pledge $6 billion for Syria at EU-hosted conference
International donors pledged 5.6 billion euros ($6.13 billion) at an EU-hosted conference in Brussels on Thursday to help Syria where an earthquake in February compounded the plight of a poverty-stricken population caught ...
Cuba, Iran presidents meet in Havana, vow to confront ‘Yankee imperialism’
Iranian President Ebrahim Raisi met with Cuban counterpart Miguel Diaz-Canel on Thursday, his last stop on a three-nation Latin American tour aimed at shoring up support among Latin American allies ...
Russia again presses UN Security Council on Nord Stream blast inquiry
Russia again told the United Nations Security Council on Thursday it wants an international investigation into explosions last September on the Nord Stream gas pipelines connecting Russia and Germany that ...
Stoltenberg leaves open prospect of staying on as Nato leader
NATO chief Jens Stoltenberg on Thursday left open the prospect that his term may be extended as senior officials from alliance member countries openly endorsed the idea – including one of ...
US government agencies hit in global hacking spree
The U.S. government has been hit in a global hacking campaign that exploited a vulnerability in widely used software but does not expect it to have significant impact, the ...
India, Pakistan evacuate over 180,000 people as cyclone approaches
Wind speeds and rainfall picked up on India’s Gujarat coast late on Thursday, officials said, after authorities there and in neighbouring Pakistan evacuated more than 180,000 people in the path ...
Russia tries to signal normalcy as Ukraine forces advance
Russia announced plans on Thursday to stage elections in occupied parts of Ukraine in just three months, Moscow’s latest bid to signal it is in control even as a ...
Spasms in UK mortgage market spell pain for homeowners, economy
Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a ...
ECB raises rates to 22-year high even as economy stutters
The European Central Bank raised interest rates for the eighth successive time as expected on Thursday and signalled further policy tightening, as it battles high inflation.
The ECB has now ...
NATO races to design long-term package but differences remain
NATO members are racing to complete a plan to provide long-term support to Ukraine, but are wrestling with how best to assure the country’s security until it can join ...
Greece scours shipwreck site; hundreds feared drowned in boat’s hold
Rescuers scoured the seas off Greece on Thursday following a shipwreck that killed at least 78 migrants, as hopes of survivors dwindled and fears grew that hundreds more, including children, may ...
Russia sets date of elections in newly annexed territories for September 10
Russia’s central election commission on Thursday set the date for regional elections in four Ukrainian provinces that Moscow claims to have annexed for Sept. 10, coinciding with votes in other ...
Glenda Jackson: Oscar-winning actress and former MP dies at 87
Actress Glenda Jackson, a two-time Oscar winner who later served as a socialist politician in the British parliament for 23 years, has died. She was 87.
One of four daughters of a ...
Russia’s VTB to launch cross-border transfers with India, Turkey
Russia’s No. 2 lender VTB (VTBR.MM) on Thursday said it would increase the number of countries to which retail clients can send money to 25 from 11, with India and Turkey ...