ECB poised for another big rate hike as inflation soars
The European Central Bank will raise interest rates again on Thursday to fight runaway inflation and, with a big move and a record one under consideration, the only question is ...
Suspect in Canada stabbing spree dies soon after arrest
The suspect sought by Canadian authorities in a weekend stabbing spree that killed 10 people in and around an indigenous reserve was arrested on Wednesday, then lapsed into unexplained “medical distress” ...
Britain borrows big again to ease energy shock
Britain’s new leader Liz Truss capped soaring consumer power bills for two years on Thursday in a package to limit the economic shock of war in Ukraine that could ...
Europe’s banks dim lights as they brace for winter blackout
Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system ...
Canada stabbing victims’ family reveals grim details as suspect remains at large (updated)
The 10 people killed in a weekend stabbing spree in Western Canada included a devoted mother who died in her front yard while six youths were at home, a relative said ...
Shelling damages Zaporizhzhia nuclear plant’s backup power line -IAEA (updated)
Shelling on Tuesday damaged a backup power line at the Russian-held Zaporizhzhia nuclear power plant (ZNPP) in Ukraine, which has already lost all four of its regular power lines, the ...
Ukraine’s top general warns of Russian nuclear strike risk (updated)
In rare public comments Ukraine’s military chief warned on Wednesday of the threat of Russia using nuclear weapons in Ukraine, which would create the risk of a “limited” nuclear ...
UK’s Liz Truss appoints hardline Brexit supporter to N. Ireland Office
Britain’s new Prime Minister Liz Truss on Wednesday appointed strongly pro-Brexit lawmaker Steve Baker to a junior ministerial role in the Northern Ireland Office, an appointment criticised as sending ...
After reporter is killed, Las Vegas police search county official’s home
Las Vegas police looking into the killing of an investigative reporter on Wednesday searched the home of a county official who had been the subject of unflattering news articles by ...
UK’s Queen Elizabeth postpones meeting, told to rest by doctors
Britain’s Queen Elizabeth was forced to cancel a planned virtual meeting with ministers on Wednesday after being advised to rest by her doctors, a day after the 96-year-old monarch ...
Shark attack in the Bahamas kills American woman
A 58-year-old Pennsylvania woman died in a shark attack in the Bahamas on Tuesday, police said.
The woman and her family, who were passengers on Royal Caribbean’s Harmony of ...
Putin casts doubt over Ukraine grain deal and gas for Europe
President Vladimir Putin mooted on Wednesday reopening a U.N.-brokered deal for Ukrainian grain exports via the Black Sea and threatened to halt all energy supplies to Europe if ...
Giggs to face retrial over assault charges
Former Manchester United soccer player Ryan Giggs will face a retrial next year, a British judge ruled on Wednesday, after a jury was unable to reach a verdict on charges ...
UK’s new PM Truss wants negotiated solution on N. Ireland protocol
Britain’s new Prime Minister Liz Truss said on Wednesday her preference is to find a negotiated settlement with the European Union to resolve the issues around the contentious rules ...
Turkey’s Erdogan says ‘Europe reaping what it sowed’ on energy crisis
Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is “reaping what it sowed”.
Fears in ...
Greece tells state entities to save energy or risk losing funding
Greek state entities will risk losing government funding if they fail to implement a government energy-saving plan, ministers said on Wednesday, as the country, like its European peers, struggles with ...
Murmurs of ‘sterling crisis’ no longer fanciful
By Mike Dolan
Even though fears of another “sterling crisis” have been wide of the mark for decades, they are harder to bat away this time around as a fourth ...
UK heads for return to “trickle-down” economics under low-tax Truss
New British Prime Minister Liz Truss and her finance minister Kwasi Kwarteng look set to revive Margaret Thatcher’s 1980s experiment in “trickle-down” low-tax economics, the results of which have ...
Saudi GDP up 12.2 per cent in second quarter, exceeding initial estimate
Saudi Arabia’s real gross domestic product expanded by 12.2 per cent in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world’s top ...
Russia’s Putin says West is failing, the future is in Asia
President Vladimir Putin said on Wednesday that the West was failing because a futile and aggressive attempt to isolate Russia with sanctions was destroying the global economy just as Asia ...
Banned US AI chips in high demand at Chinese state institutes
High-profile universities and state-run research institutes in China have been relying on a US computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington ...
Gulf states demand Netflix pull content deemed offensive
Gulf Arab states have demanded that U.S. streaming giant Netflix NFLX.O remove content deemed offensive to “Islamic and societal values” in the region, Saudi Arabia’s media regulator ...
Liz Truss’s cabinet is Britain’s first without white man in top jobs
The new British Prime Minister Liz Truss has selected a cabinet where for the first time a white man will not hold one of the country’s four most important ...
Netherlands warns against EU carbon market fundraising plan
The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc’s ...