Russia renews missile attacks on Ukraine as G7 pressures Moscow
Ukraine said Russia had destroyed homes in the south and knocked out power in the north in a new round of missile attacks on Monday as the West tried to ...
‘There is no future’: Lebanon’s new poor face long-term stagnation
Unemployed and unable to support his family of four, Hussein Hamadeh, 51, now spends his days trying to find help to weather a protracted economic crisis that some Lebanese fear has ...
Turkey says it wants more extraditions from Sweden
Sweden’s extradition to Turkey last week of a Kurdish man with alleged terrorism links is a “good start”, but Stockholm needs to do more before Ankara can approve its ...
UK economy to shrink in 2023, risks ‘lost decade’: CBI
Britain’s economy is on course to shrink 0.4 per cent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation ...
Iranian city shops shut to step up pressure on clerical rulers
Iranian shops shut their doors in several cities on Monday, following calls for a three-day nationwide general strike from protesters seeking the fall of clerical rulers.
Iran has been rocked ...
Egypt private sector shrinks in November after devaluation
Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with a weaker currency weighing on the cost and ...
Germany’s Scholz: We must avoid dividing world into Cold War-style blocs
German Chancellor Olaf Scholz warned against creating a new Cold War by dividing the world into blocs and called for every effort to be made to build new partnerships, writing ...
Christmas travel chaos not averted as British rail workers union rejects 8% pay rise
Britain’s RMT union said on Sunday that it had rejected a pay rise offer of 4% in 2022 and 2023 from train operators aimed at heading off further strike action, which has ...
G7 price cap on Russian oil kicks in, Russia will only sell at market price
The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, ...
OPEC+ keeps steady policy amid weakening economy, Russian oil cap
OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy on demand ...
Covid confusion in China as authorities row back curbs
A patchwork easing of the world’s toughest COVID-19 curbs sowed confusion across China on Monday, spurring hopes for more clarity as officials shift tone on the dangers posed by ...
What European companies are doing as workers face high inflation
Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter.
Here are some examples by sector:
AUTOS, ...
Bank of England’s Dhingra warns of deeper and longer recession with higher rates
Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs ...
Iran protesters call for strike, top legal cleric says morality police shut down
Protesters in Iran called on Sunday for a three-day strike this week, stepping up pressure on authorities after the public prosecutor said the morality police whose detention of a young ...
EU to adapt state aid schemes in response to U.S. subsidy package
The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said ...
Russia will not export oil subject to Western price cap – Novak says
Russia will not export oil that is subject a Western-imposed price cap even if Moscow has to accept a drop in oil production, President Vladimir Putin’s point man on ...
Protesters storm governor’s office in southern Syrian city, gunfire heard
Dozens of demonstrators angry over worsening economic conditions in Syria stormed the governor’s office in the southern city of Sweida on Sunday and set fire to parts of the ...
UK government could bring in military to ease strikes
Britain’s government is looking at bringing in the military to help keep public services running if key workers, including in the state-run National Health Service, take strike action, the ...
Iran executes four people convicted of cooperating with Israel
Iran on Sunday executed four people convicted of cooperating with Israel’s spy agency Mossad, the semi-official Fars news agency reported.
The Islamic Republic has long accused arch-enemy Israel of ...
UK crime agency arrests ‘wealthy Russian’ over money laundering
Britain’s National Crime Agency said on Saturday it had arrested a “wealthy Russian businessman” on suspicion of money laundering and other offences as part of a crackdown on corrupt ...
Beijing, Shenzhen loosen more Covid curbs as China fine-tunes policy
Beijing residents on Saturday cheered the removal of COVID-19 testing booths while Shenzhen said it would no longer require commuters to present test results to travel, as an easing of ...
Biden not planning to speak to Putin for now, G7 agrees oil price cap
U.S. President Joe Biden does not intend to speak to his Russian counterpart, Vladimir Putin, about ending the Ukraine war as conditions for such discussions currently do not exist, ...
US Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors
The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (AMZN.O), Alphabet (GOOGL.O) unit Google, Microsoft (MSFT....
Biden weighs reviving Trump-era immigration restrictions, officials say
US President Joe Biden’s administration would make it harder to seek asylum at the US-Mexico border under several plans being considered that bear similarities to policies pushed by former ...