UK Construction Shrinks Again As Economy Feels Inflation Heat-PMI
British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook for the inflation-hit economy, a survey showed on Tuesday.
Solomon Islands Says Australian Election Offer Is 'Interference'
The Solomon Islands government has accused Australia of "interference", after an offer to fund its next election was made as parliament considered a bill to change the constitution to delay the vote.
Tractors To The Rescue As Floods Submerge India's Tech Hub
Authorities in the Indian city of Bengaluru used tractors on Tuesday to rescue residents of posh housing estates marooned by floods after two days of torrential rain brought chaos to the fast-growing technology hub.
Europe Tries To Shore Up Power Firms With Billions More
Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia's move to shut a major gas pipeline.
Exclusive-Gazprom Says Nord Stream 1 Resumption Depends On Siemens Energy
Russia's biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom's Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday.
Booster Rocket Or Roman Dictator? Boris Johnson Says Farewell, For Now
Comparing himself to a booster rocket that had fulfilled its mission, Boris Johnson said farewell to his Downing Street residence and office on Tuesday and described his future plans as a return to a quieter life.
Jailed Navalny's Situation Is Getting Dangerous - Ally
Jailed Russian opposition politician Alexei Navalny's chief of staff said worsening prison conditions were threatening his health as his Anti-Corruption Foundation prepares to turn upcoming local elections in Moscow into an anti-war vote.
Rallies Across Indonesia As Demonstrators Denounce Fuel Price Hikes
Thousands of people rallied in Indonesia's biggest cities on Tuesday, seeking to pile pressure on the government to reverse its first subsidised fuel price hike in eight years amid soaring inflation.
Kiribati Suspends Appeals Court Judges As Constitutional Crisis Worsens
The Kiribati government has suspended three retired New Zealand judges sitting on its court of appeal, a New Zealand official said on Tuesday, worsening a constitutional crisis that has plagued the Pacific nation for months.
Flood-hit Pakistan Works To Prevent Overflow Of Biggest Lake
Pakistan was scrambling on Tuesday to widen a breach in its biggest lake and prevent the waters from overflowing to swamp nearby towns, so worsening unprecedented floods that have inundated a third of the South Asian nation.
Emerging Asia Equities See Biggest Monthly Foreign Inflow In 20 Months
Emerging Asian equities ex-China saw massive foreign purchases in August due to a rise in risk appetite based on tempered inflation expectations.
'Wine For Victory': Ukraine's Wineries Toil Under Russian Rockets
Six months after a rocket landed in his vineyard in southern Ukraine in the first weeks of Russia's invasion, Georgiy Molchanov is now harvesting his grapes and wondering what to name this year's unforgettable wartime vintage.
Analysis-Banned U.S. AI Chips In High Demand At Chinese State Institutes
High-profile universities and state-run research institutes in China have been relying on a U.S.
Liz Truss To Replace Boris Johnson As British PM On Tuesday
Liz Truss will replace Boris Johnson as Britain's prime minister on Tuesday, travelling to see Queen Elizabeth in Scotland before appointing a new team of ministers to tackle an economic crisis and draw her deeply divided party together.
Analysis-Big Rate Hike Won't Save Euro As Energy Shock Deepens
The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the European Central Bank will do little to stop the euro's slide.
Japan Finance Minister Says Watching Rising FX Volatility As Yen Hits New Lows
Japanese Finance Minister Shunichi Suzuki on Tuesday reiterated that sharp yen moves were "undesirable" and that he was watching rising volatility in the exchange market with a "great sense of urgency" as the currency hit a fresh 24-year low.
Canada Extends Manhunt For Suspect In Stabbing Spree That Killed 10
Canada's largest manhunt extended into its third day on Tuesday with hundreds of officers searching for the lone surviving suspect in a stabbing spree that killed 10 people on Sunday, roiling a country where mass violence is rare.
Cryptoverse: Bitcoin's No Longer The King Of The Swingers
Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring.
Inside Tesla's Drive To Keep Musk's Battery Promise
The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology.
Business Travel Budgets Rising As Firms Use 2019 As Spending Benchmark -CWT
Business travel budgets are poised to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic outlook, a senior executive at global corporate travel agency CWT said on Tuesday.
Music, Acting And Activism: Life Lessons With Stevie Van Zandt
It is rare enough to have one career that becomes part of a pop-culture phenomenon. Stevie Van Zandt has two.
G7 Company Emissions Falling Short Of Global Climate Goal, Study Shows
Companies in the Group of Seven (G7) economies are failing to meet Paris Climate Agreement objectives, non-profit disclosure platform CDP and global management consultancy Oliver Wyman said on Tuesday, based on current corporate pledges to cut emissions.
Analysis-Sri Lanka Has An IMF Deal, Now It Courts China And India
Sri Lanka's International Monetary Fund bailout plan could be a turning point in its worst economic crisis, but far-from-stable politics and a need to get debt relief from competing powers China, India and Japan means some of the hardest work is still to come.
Exclusive-Deal Partner For Trump's Truth Social Fails To Get Backing For SPAC Extension -sources
The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.
Shelling At Ukrainian Nuclear Plant Highlights Danger Ahead Of UN Report
The U.N. nuclear watchdog is due to issue a report on the Zaporizhzhia nuclear power station in Ukraine on Tuesday, a day after shelling cut its electricity supplies for the second time in two weeks and raised fears of catastrophe.
Asian Stocks Rise On China Stimulus, Upcoming Rate Action
Asian shares rose on Tuesday morning after China pledged to make renewed efforts to boost its economy on Monday, while investors pinned hope on more clarity ahead of a number of central bank meetings.
Dollar Pauses Broad Rally, Bulls Still Solidly Positioned
The dollar took a breather on Tuesday after a sweeping rally, easing slightly from milestone highs on the euro, yen and sterling, but not too far as recession stalk Europe and U.S.
Dream Job: The Japanese Man Who Gets Paid To Do Nothing
Shoji Morimoto has what some would see as a dream job: he gets paid to do pretty much nothing.
Thousands Evacuate As Typhoon Hinnamnor Hits S.Korea
Thousands of South Koreans have evacuated as Typhoon Hinnamnor made landfall in the country's south, authorities said on Tuesday, with heavy rain and strong winds expected to continue throughout the day.
China-focused Hedge Funds Lower Exposure As Risks Mount
Some of Asia's large China-focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore Chinese assets.