Russia Says It Shot Down Ukrainian Drone.
Russia’s defence ministry said Russian forces shot down a Ukrainian drone; which was trying to attack the Zaporizhzhia nuclear plant,…
Category: World
The World Still Needs Oil And Gas – Elon Musk.
The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop sustainable…
British Pubs, Farms Raise Alarm Over Latest CO2 Production Halt.
Britain’s drinks and food industry raised the alarm over the availability of carbon dioxide; after soaring energy prices forced a…
Emirates Airlines To Suspend Flights From Nigeria From September 1 Over $85million Trapped Revenue.
Emirates Airlines has announced the suspension of its flight operations to Nigeria, starting September 1, 2022, over its $85 million…
Indian Govt Working With Cenbank To Control Inflation.
India’s federal government is working with its central bank to take measures and control inflation, a top government source said…
40 Technical Colleges to Benefit from World Bank Environmental Safeguard Measures.
An estimated 40 Technical Colleges in Nigeria alongside the private sector would benefit from the World Bank; assisted project which…
Most Gulf Bourses Rise, Abu Dhabi At Record.
Major stock markets in the Gulf rose in early trade on Thursday after softer-than-expected U.S. inflation data encouraged bets of…
Factbox: Is Global Inflation Nearing A Peak?
Calling the top of the current wave of inflation has been a painful exercise for economists; and central bankers, who…
Students Cheer As Online Translation Tools Add More African languages.
Ugandan IT student Andrew Njuki spent years hunched over English-language textbooks; often grappling with material that would have been easier…
U.S. Senate Approves Bill To Fight Climate Change.
The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change; lower drug prices and…
Global Equity Funds Record Fifth Weekly Outflow In A Row.
Global equity funds witnessed weekly outflows for a fifth week in July on caution ahead of the U.S. Federal Reserve’s…
Oil Rally To Stall As Recession Risks Counter Tight Supplies.
A rally in oil prices could stall as recession fears and COVID flare-ups in China slow demand and counter supply…
The Global Recession Drum Beat Is Getting Louder.
Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction; that the world economy is…
Global Equity Funds See Biggest Weekly Outflow In Five Weeks
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution…
German Government Agrees On Bailout For Energy Supplier
The German government has agreed on a bailout for Uniper UN01, -8.24%, which reduced Russian gas imports have hit, the company said. Terms…
Fed To Stick To 75 Bps Hike In July; 40% Chance Of Recession
The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its…
German Manufacturing, Services Sectors Shrink In July -flash PMI.
German business activity unexpectedly shrank in July, a preliminary reading of a purchasing managers survey showe;, as companies were hit…
Poland To Buy Jets, Tanks And Howitzers From South Korea, Says Minister.
Poland will buy 48 FA-50 fighter jets, a first instalment of 180 K2 Black Panther tanks and howitzers from South…
Column: Dollar Cresting As Central Banks Ape Fed
Central banks around the world are singing from the U.S. Federal Reserve’s hymn sheet – and it could well be…
Danish Central Bank Raises key Interest Rate In Wake Of ECB Hike.
Denmark’s central bank raised its key interest rate by 0.5% points to minus 0.1%; following a rate hike earlier in…
UK Firms Report Growth At 17-Month Low, Inflation Pressures Ease -Flash
Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased; according to an industry…
Southeast Asian Fast Food Operator QSR Again Delays Up To $500 Million IPO.
QSR Brands, the Malaysian operator of KFC and Pizza Hut restaurants in Southeast Asia; has again delayed its domestic IPO…
Russia Resumes Gas Flows Via Nord Stream, Europe Still Wary.
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage. The operator said, allaying…
EXCLUSIVE Shell Places U.S. Gulf Of Mexico Assets Up For Sale -Sources.
Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments; which…
Morning Bid: ECB’s Time To Hike, Italy’s Time For More Instability.
A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank’s inflation headache wasn’t bad…
China To Repay More Depositors To Defuse Rural Bank Scandal.
Chinese regulators took fresh steps to defuse anger over a banking fraud that has sparked high-profile protests; by announcing a…
Canada Home Price Index Growth Slows Again In June – Teranet
Canadian home price growth slowed sharply in June from May; with year-over-year price gains also inching off recent record highs,…
COVID Cases Triple Across Europe As Hospitalizations Double
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of all…
Heatwave: Ferocious European heat heads north
In France and the UK, extreme heat warnings were issued while northern Spain recorded temperatures of 43C (109F) on Monday.…
H&M To Sell Off Stock Before Leaving Russia
The world’s second-biggest clothing retailer H&M has said it is leaving Russia. But temporarily, its shops will be reopened there…