ECB Poised For Bumper Rate Hike Despite Recession Gloom
The ECB's 25-member governing council is likely to lift its key interest rates by 75 basis points for the second consecutive time, economists say.
'Overpaying' Musk On Deadline To Close Twitter Deal
Musk signaled the deal was on track Wednesday by changing his Twitter profile to "Chief Twit" and posting a video of himself walking into the company's California headquarters carrying a sink.
High-profile Australian Rape Case Abruptly Ends In Mistrial
Brittany Higgins, 27, alleged that former conservative staffer Bruce Lehrmann, 27, raped her on a couch inside the parliamentary office of a government minister following a night of heavy drinking in March 2019.
Kanye West 'Escorted' Out Of Skechers Offices
West -- known formally as Ye -- has made headlines in recent weeks for racist and anti-Semitic statements that have cost him several lucrative fashion collaborations.
IEA Sees Global Emissions Peaking In 2025
Only last year the IEA said there was "no clear peak in sight" in energy emissions, but the new higher investment in wind and solar is setting up demand for all fossil fuels to peak or plateau, leading to a drop in emissions.
S.Africa To Swallow Part Of Eskom's Debt To Keep It Afloat
Finance Minister Enoch Godongwana said government has decided to give Eskom 225 billion rand ($12.4 billion) towards debt for the period 2019 to 2026.
Ethiopia Peace Talks Enter Day Two In South Africa
Led by the African Union (AU), the negotiations in Pretoria follow a surge in fierce fighting in recent weeks that has alarmed the international community and triggered fears for civilians caught in the crossfire.
Germany Agrees Plan To Legalise Recreational Cannabis
"The federal cabinet today agreed the key points for the controlled distribution of cannabis to adults for recreational use," Health Minister Karl Lauterbach said at a news conference.
Climate Pledges Still 'Nowhere Near' Enough For 1.5C: UN
The combined climate pledges of more than 190 nations that signed up to the 2015 Paris climate deal put Earth on track to warm around 2.5C (36 degrees Fahrenheit) compared to pre-industrial levels by the century's end, the UN said.
Macron, Scholz Set For Frosty Lunch Amid Paris-Berlin Tensions
Russia's invasion of Ukraine -- less than three months after Scholz took office last December -- pitched their countries into crisis mode and decisions taken under the pressure of the war and its knock-on effects have raised hackles on both sides.
What Next For S.Africa's Ramaphosa As Party Conference Looms?
A scandal over millions of dollars allegedly found stashed at his luxury farmhouse has stained the image of Ramaphosa, who in 2018 had been trumpeted as a clean pair of hands after the graft-tainted era of Jacob Zuma.
Britain's New PM Eyes Delay To Crunch Budget Plan
Following a meeting of his new-look cabinet, Sunak was set to engage in his first parliamentary joust against opposition Labour leader Keir Starmer, who is demanding a snap general election.
China Covid Curbs Disrupt Production At World's Biggest IPhone Factory
China is the last major economy welded to a zero-Covid strategy, persisting with snap lockdowns, mass testing and lengthy quarantines in a bid to keep infections to a minimum.
Germany Allows Smaller Chinese Stake In Hamburg Port
Under the compromise reached by Scholz's cabinet, Chinese shipping giant Cosco will be allowed to buy a stake "below 25 percent" in a container terminal owned by HHLA, the economy ministry said in a statement.
Mercedes-Benz To Sell Off Russian Assets To Local Investor
"Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.
Iran Mourners Flock To Mahsa Amini Grave Despite Crackdown
Amini, a 22-year-old Iranian of Kurdish origin, died on September 16, three days after her arrest by the notorious morality police while visiting Tehran with her younger brother.
28 Dead In Bangladesh Cyclone, Millions Without Power
Cyclone Sitrang made landfall in southern Bangladesh on Monday but authorities managed to get about a million people to safety before the monster storm hit.
N. Korea Nuclear Test Would Meet 'Unprecedented' Response: US, Japan, S. Korea
Following talks in Tokyo, the three nations' deputy foreign ministers said they would ramp up their deterrence in the region.
China Fiscal Deficit Balloons To Nearly $1 Trillion As Economy Cools
Overall government revenue dropped 6.6 percent to 15.3 trillion yuan from January to September as the government dolled out more tax rebates to businesses, according to the finance ministry.
Greeks Turn To Firewood To Heat Homes Amid Energy Crisis
"We need it... especially in this difficult year," says Yiannis Dimitrakopoulos, a 75-year-old pensioner queuing for logs.
Australia Admits Cyber Defences 'Inadequate' As Medical Hack Hits Millions
This was the latest in a series of hacks targeting millions of people that have brought Australian companies' lax approach to cyber security into sharp relief.
Asian Markets Rally With Wall St On Rate Hope, Healthy Earnings
Hong Kong and Shanghai were among the best performers after China's central bank and forex officials pledged support for the country's equities, bonds and yuan, helping investors bounce back from Monday's rout.
Saudi Blasts Release Of Oil Reserves 'To Manipulate Markets'
Prince Abdulaziz did not single out the United States in his comments about emergency stocks, but last week US President Joe Biden announced he was putting the final 15 million barrels on the market from a record release of US strategic reserves.
Google's Money Churning Ad Engine Sputters In Rough Economy
Aside from one period at the start of the Covid pandemic, that would mark the weakest revenue growth at Alphabet for any quarter since 2014.
US Charges Ukrainian 'Raccoon Infostealer' With Cybercrimes
Mark Sokolovsky, 26, is being held in the Netherlands and the United States is seeking his extradition, the department said in a statement.
In Ukraine's Blitzed Bakhmut, Residents Accustomed To Death
Bakhmut, a ghost town in eastern Ukraine torn apart by four months of brutal battles with invading Russian forces, has seen so much destruction that its few remaining residents have grown accustomed to death.
UN Security Council Discusses Russia 'Dirty Bomb' Claim
The Security Council met behind closed doors to discuss Moscow's claim, first made public Sunday, that it believed Ukraine would explode a crude nuclear device in the war zone and blame Russian forces for it.
South Sudan VP Rejects Ouster From Ruling Party
The world's youngest nation has lurched from crisis to crisis since it proclaimed independence from Sudan in July 2011, and is held together by a fragile unity government between historic foes President Salva Kiir and Machar.
Iran Tensions Rise In Protests Ahead Of Mahsa Amini Ceremony
"A student may die but will not accept humiliation," they chanted at Shahid Chamran University of Ahvaz, in the southwestern province of Khuzestan, in an online video verified by AFP.
Battling The Cold In The Trenches Of Eastern Ukraine
With "tactical socks", NATO standard sleeping bags and even a sauna, a unit of soldiers from Ukraine's 5th brigade is preparing for winter in a trench on the eastern front.