New UK finance minister faces market verdict after gutting Truss's plans
Britain's new finance minister Jeremy Hunt faces an early test of his attempt to stem the crisis of confidence in Prime Minister Liz Truss on Monday when the bond market delivers its verdict on his weekend overhaul of her economic programme.
European shares slide for fifth straight day on growth worries
European shares fell for a fifth straight session on Tuesday, pressured by a rise in government bond yields globally, with investors worrying about a potential recession and the impact on corporate profits from a rapid rise in interest rates.
World Central Banks Caught In The Fed's Slipstream
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.
Apple AirPods Pro 2 3C certification reveals battery capacity, more details
The Apple AirPods Pro 2 has bagged the 3C certification, which reveals the battery capacity of the upcoming TWS earbuds.
Euro zone eyes temporary, targeted energy support amid high inflation
Euro zone finance ministers are likely to pledge on Monday that national financial shields against soaring energy costs will be temporary and targeted, so as not to trigger a wage-price spiral that would boost already record high inflation, officials said.
Parents turn in own son who is accused of attempted kidnapping
The police in Colorado, USA, managed to catch a man accused of attempted kidnapping after his parents turned him in.
Ukraine reclaims full control from Russia of logistics hub, asserts further gains
Ukraine on Sunday claimed full control of the eastern logistics hub of Lyman, its most significant battlefield gain from Russia in weeks, providing a potential staging post for further attacks to the east while heaping further pressure on the Kremlin.
Swiss National Bank ends era of foreign currency purchases
The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, data on Friday showed, ending an era of heavy foreign currency purchases to curb the franc's gains.
Wild UK market swings 'opportunity of a lifetime' for hedge funds
The wild swings seen in British markets provided an "opportunity of a lifetime" to trade currencies and bonds, hedge funds and traders said on Wednesday.
Bank of England to buy 65 billion pounds of UK bonds to stem rout
The Bank of England stepped into Britain's bond market on Wednesday to stem a market rout, pledging to buy 65 billion pounds ($69.4 billion) of long-dated gilts after a government fiscal statement triggered the biggest sell-off in decades.
Japan Opposition Calls For Fiscal Stimulus, Not Rate Hike, To Cope With Weak Yen
Japan should not raise interest rates to stem recent sharp falls in the yen to 24-year lows but instead deploy further fiscal stimulus to ease the pain of rising living costs caused by the weak currency, the head of the country's opposition party said.
Japan's Ex-FX Diplomat: No Need For Intervention To Back Yen
Japan need not intervene in the exchange-rate market to stem yen falls, as such a move would be ineffective in countering broad dollar gains, former top currency diplomat Hiroshi Watanabe told Reuters on Wednesday.
Oil dips on symbolic OPEC+ output cut
Oil prices slipped early on Tuesday, paring the previous session's 3% gain, as an OPEC+ deal to cut output by 100,000 barrels per day in October was seen as a largely symbolic move to stem the market's recent slide.
Japan Warns Of Action As Yen Slides To 24-year Low
Japanese Finance Minister Shunichi Suzuki said on Friday that Tokyo will take "appropriate" action as needed on the yen's slide to a fresh 24-year low against the dollar, signaling the chance of intervention to address market volatility.
Former Pakistan PM Khan Granted Bail By Anti-terror Court
Former Pakistan PM Khan granted bail by anti-terror court
Pope further tightens controls, centralisation of Vatican finances
Pope Francis on Tuesday acted to eliminate wiggle room or foot- dragging by Vatican departments in imposing tighter financial controls, setting a deadline for the closing of investment portfolios in foreign banks, including in Italy.
British cinema chain mulls US bankruptcy filing
British-based cinema chain Cineworld confirmed Monday that a US bankruptcy filing is among options for the debt-laden group.
All Apple products slated to launch in 2022, 2023
Here's a list of every Apple product that's set to launch in 2022, 2023, and more distant future.
UK inflation tops 10%, highest since 1982
British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
Drought: Why some UK trees are losing their leaves in August
Britain is suffering its worst drought since the 1970s, with dry weather expected until October.
Analysis-Gang Crime Looms Over Election In Sweden As Shootings Spread
In the span of eight days in May, three young men were shot dead in a small neighborhood of the town of Orebro, part of a wave of gang violence spreading from big cities to small-town Sweden that is topping voters' concerns ahead of elections next month.
UK economy closes in on recession
Britain's economy shrank in the second quarter, official data showed Friday.
UK boy dies after life support stopped at end of long legal battle
Archie was found unconscious at home in April with signs he had placed a cord around his neck, possibly after taking part in an online asphyxiation challenge.
Have scientists discovered the cure for baldness?
Scientists may have just found the cure for baldness by identifying the chemical that affects hair growth.
Fourth person 'cured' of HIV, but is a less risky cure in sight?
Also announced at the AIDS conference was research about a 59-year-old Spanish woman with HIV who has maintained an undetectable viral load for 15 years despite stopping antiretroviral therapy.
Europe Counts Cost Of Heatwave As French Fires Come Under Control
Europe counts cost of heatwave as French fires come under control
Central banks rapidly shift gears in bid to stem inflation tidal wave
Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.
Presidents Of U.S., Mexico To Meet After Summit Tensions
Mexico's leader will visit the White House on Tuesday, a month after snubbing an invitation to a U.S-hosted summit that sought to craft regional consensus on how to stem migrant border crossings that are piling pressure on the Biden administration.
Polish Wall No Deterrent To Migrants En Route From Africa, Cuba Via Russia
Poland's 5.5-metre tall steel barrier, built on its border with Belarus, was meant to be a European version of former U.S.
Queen faces backlash over decision to bury report on Meghan Markle bullying claims
The Duchess of Sussex reportedly bullied palace aides out of Kensington Palace.