The Russian ruble briefly reached its highest level against the dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow. The volatile currency hit a high of 65.31 per dollar in early trading on …
Read More »OPEC+ to stick to modest boost in output as Russian war roils markets
OPEC and allied oil-producing countries decided Thursday to stick to a modest increase in production, even as Europe’s proposed phaseout of Russian oil threatens to yank millions of barrels off a global market already thirsty for crude.
Read More »South Korea’s spy agency joins NATO cyber defence group
First Asian state admitted to the military bloc’s Cooperative Cyber Defense Center of Excellence
Read More »UK issues grim economic forecast
The Bank of England warns of recession risk as it hikes interest rate to tackle soaring inflation
Read More »Nearly 15 million deaths associated with Covid, WHO says
The World Health Organization is estimating that nearly 15 million people were killed either by the coronavirus or by its impact on overwhelmed health systems in the past two years, more than double the official death toll of 6 million. Most of the fatalities were in Southeast Asia, Europe, and …
Read More »US trade deficit hits a new record as imports sharply outpace exports
The US trade deficit hit a new record of $109.8 billion in March fueled by strong demand for computers, vehicles, and oil, according to a report by the US Census Bureau released on Wednesday.
Read More »Man City “afraid” of Real Madrid as harsh Champions League semi-final lesson learned
Manchester City is just 90 minutes away from qualifying for a second-ever Champions League final on Wednesday night, but hoping to stop them is a familiar foe in Real Madrid.
Read More »Finland’s big new export to India: Education
Schools offering activity-based learning over textbook-based education are emerging across India.
Read More »New Zealand sea level rising faster than predicted
While the global sea level is expected to rise 50cm by 2100, for large parts of New Zealand, it could be 1 metre because the land is sinking too. The projections, labelled “a bit terrifying” by one expert, are the result of an extensive five-year, government-funded research programme – NZ …
Read More »Oil falls as China’s Covid restrictions threaten fuel demand
West Texas Intermediate dropped 3.58 percent while global benchmark Brent slid 3.2 percent. Oil declined in tandem with equities as China’s stringent measures to curb Covid-19 threatened a further hit to economic activity and fuel demand. West Texas Intermediate futures slid 3.4% as data showing a sharp economic contraction in …
Read More »Spanish prime minister’s mobile phone infected by Pegasus spyware, govt says
Spanish authorities have detected “Pegasus” spyware in the mobile phones of Prime Minister Pedro Sanchez and Defence Minister Margarita Robles, the government minister for the presidency, Felix Bolanos, said on Monday. Bolanos told a news conference Sanchez’s phone was infected in May 2021 and at least one data leak occurred …
Read More »Apple hit with EU antitrust charge over mobile payments technology
Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after EU antitrust regulators charged the iPhone maker with restricting rivals’ access to its technology used for mobile wallets. This marks the second EU charge against Apple after EU regulators last year accused …
Read More »Angelina Jolie visits Lviv, trip interrupted by sirens
Hollywood actress Angelina Jolie visited the Ukrainian city of Lviv on Saturday, going to the station to meet people displaced by the war with Russia before later leaving after air-raid sirens sounded. Jolie, 46, is a special envoy for the United Nations refugee agency, which says more than 12.7 million …
Read More »Greece lifts COVID-19 restrictions for travelers ahead of summer season
Greece lifted COVID-19 restrictions on Sunday for foreign and domestic flights, its civil aviation authority said, ahead of the summer tourism season that officials hope will see revenues bouncing back from the pandemic slump. To fly in or out of the country, travelers were previously required to show either a …
Read More »Russia expects trade with China to reach $200 billion by 2024: Report
Russia said on Saturday it expected commodity flows with China to grow and trade with Beijing to reach $200 billion by 2024, as Moscow faces mounting isolation from the West. China has refused to condemn Russia’s actions in Ukraine and has criticized the unprecedented Western sanctions on Moscow. The two …
Read More »Keita gives ‘top class’ Liverpool win at Newcastle
Jurgen Klopp hailed Liverpool’s resolve to overcome the difficulties posed by going for an unprecedented quadruple as a much-changed team beat Newcastle 1-0 to edge ahead of Manchester City at the top of the Premier League. Naby Keita scored the solitary goal at St. James’ Park to take the Reds …
Read More »India seizes $725m from China’s smartphone giant Xiaomi over ‘illegal’ remittances
India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday. India’s financial crime investigations agency began investigating the company in February and said it seized the money from …
Read More »China manufacturing output dips to lowest level in 2 years
The figures come as Beijing doggedly pursues a zero-Covid response leading to lockdown measures in several cities. China’s manufacturing activity slumped to its lowest level since February 2020, official data showed on Saturday, the latest sign of economic pain as Beijing doggedly pursues its zero-Covid response. The official Purchasing Managers’ …
Read More »US records first case of highly contagious H5N1 bird flu
The case comes amid concerns that a continuing outbreak among US birds could lead to more human infections. The first known human case of H5N1 bird flu in the United States has been detected in a person in Colorado, according to the Centers for Disease Control and Prevention (CDC). The …
Read More »Libya losing $60 million a day in oil shutdown: Minister
Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP. Oil is the lifeblood of the North African country trying to move past a decade of conflict since …
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