Pain of breaking inflation will reverberate around the globe
The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a ...
Biden’s student loan forgiveness may erase savings of climate, drugs law
President Joe Biden’s controversial plan to forgive up to $20,000 in student loans for tens of millions of Americans could erase the projected $300 billion deficit reduction that his hard-fought climate, ...
Defense of Trump is ‘hypocrisy’ by Republicans
U.S. Representative Adam Kinzinger, one of two Republicans joining Congress’s probe of the assault on the Capitol by Donald Trump supporters, accused members of his party of “hypocrisy” ...
Musk says the world still needs oil and gas
The world must continue to extract oil and gas in order to sustain civilisation, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference ...
EU may agree tightening visas for Russians, discuss training of Ukraine troops (Update)
European Union foreign ministers, meeting in Prague on Tuesday and Wednesday, may agree tightening the issuance of visas for Russians and start debate on a wider ban on tourist visas ...
Aubameyang assaulted in armed robbery at his home in Barcelona
Armed robbers broke into the home of Barcelona striker Pierre-Emerick Aubameyang early on Monday morning, police said, and physically assaulted the player and his wife as they forced them to ...
Singapore says retail investors ‘irrationally oblivious’ to crypto risks, plans tougher rules
Singapore is planning to roll out new regulations that will make it more difficult for retail investors to trade cryptocurrencies at a time when they seem to be “irrationally oblivious” ...
On track for reduced noise pollution and railway safety amplifiers
By Sarah Wild
With more people getting on track for sustainable high-speed rail, reducing noise pollution and sophisticated traffic management will boost adoption.
The whistle coming down the tracks is ...
Dollar hits 20-year high as Fed flags higher rates for longer
The US dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer ...
IAEA mission heads to Ukraine’s Zaporizhzhia nuclear plant near war frontline
A team from the U.N. nuclear watchdog headed on Monday to Ukraine’s Zaporizhzhia nuclear plant, the agency’s chief said, as Russia and Ukraine traded accusations of shelling ...
Shelling near Ukraine nuclear plant fuels disaster fears; Russia pounds Donbas
Russian forces have pounded Ukrainian towns across the river from the Zaporizhzhia nuclear power plant, officials said, while reports of shelling around the facility fuelled fears of a radiation disaster.
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ECB policymakers make the case for a big rate hike
European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in ...
Pakistan foreign minister says help needed after ‘overwhelming’ floods
Pakistan needs financial help to deal with “overwhelming” floods, its foreign minister said, adding that he hoped financial institutions such as the International Monetary Fund would take the economic fallout ...
Gulf stocks fall on tight monetary policy outlook
Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal Reserve Chair Jerome Powell signalling the US economy would need tight monetary ...
Dell ceases all Russian operations after August offices closure
Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia.
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Japan’s Suzuki drives deeper into India with global R&D unit
Suzuki Motor Corp (7269.T) will set up a global research and development company in India, its president said on Sunday, pushing deeper into a market that is set to become ...
Liz Truss considers 5% cut in VAT if she becomes PM
British leadership frontrunner Liz Truss is considering cutting value-added tax (VAT) by 5% across the board to help tackle the cost-of-living crisis if she succeeds Boris Johnson as prime minister next ...
Senator Warren worries that Fed will tip US economy into recession
By Kanishka Singh
Democratic U.S. Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation’s economy into ...
Six killed in Netherlands as truck rolls off road into neighbourhood party
Six people died in an incident when a truck rolled into a neighbourhood party in the town of Nieuw Beijerland in the south of the Netherlands on Saturday evening, Dutch ...
Power cuts melt Gaza’s ice cream stocks as heatwave boosts demand
By Nidal al-Mughrabi
Lengthy power cuts in the Gaza Strip have melted stocks of ice cream, forcing shops to stop selling it just when a heatwave has boosted demand.
With ...
Plumes of dust as India demolishes illegal skyscrapers
By Anushree Fadnavis
Indian authorities demolished two illegally constructed skyscrapers in a wide plume of dust debris on Sunday near the capital New Delhi, razing the tallest structures ever pulled ...
Libya’s Tripoli quiet after worst fighting in two years
Libya’s capital was quiet early on Sunday, a day after the worst fighting there for two years killed 32 people and injured 159 as forces aligned with a parliament-backed administration failed ...
US warships transit Taiwan Strait, first since Pelosi visit
By Idrees Ali
Two U.S. Navy warships sailed through international waters in the Taiwan Strait on Sunday, the first such operation since a visit to Taiwan by U.S. ...
Ukraine on edge as Zaporizhzhia nuclear plant, nearby towns shelled (updated)
By Pavel Polityuk and Max Hunder
Russian artillery fired at Ukrainian towns across the river from the Zaporizhzhia nuclear power plant overnight, local officals said on Sunday, adding to residents’ ...