Italy Forecasts Recession As Meloni Seeks Economy Minister
Italy's economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader expected to be named prime minister this month.
Wall Street Set To Start Fourth Quarter On A Higher Note
U.S. stock indexes were set to open higher on Monday after sharp losses last week although losses in Tesla Inc capped the gains for Nasdaq futures after the world's most valuable electric-vehicle maker missed quarterly delivery targets.
Swiss Central Bank Steps Up Policy Tightening As Sight Deposits Drop $78 Billion
Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign of the central bank's switch to a more restrictive monetary policy.
Bosnian Splits Remain After Elections But Foreign Policy Tips West
Elections in Bosnia entrenched splits between the fragile country's three ethnic groups at a time of deep political crisis but looked set to tip its foreign policy towards the West rather than Russia, preliminary results showed on Monday.
Iran's Leader Backs Police Over Mahsa Amini Protests, May Signal Tougher Crackdown
Iran's supreme leader on Monday gave his full backing to security forces confronting protests ignited by the death of Mahsa Amini in custody, comments that could herald a harsher crackdown to quell unrest more than two weeks since she died.
Mexico Taps Private Sector Again In Effort To Keep Food Prices Down
Mexican President Andres Manuel Lopez Obrador is expected to announce the details of a new deal with companies to halt rising food prices, doubling down on a collaborative effort with the private sector as inflation hovers at a 22-year high.
Analysis-Chile's Sliding Peso Reflects Tough Battle Vs Rampaging Dollar
Chile's sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but in recent months has been one of the region's worst performers, showing how hard the battle is for policy makers countering a rampaging dollar.
Two Textbooks, Two Stories As Palestinian Parents Protest Israeli Curriculum
Outside an East Jerusalem school, the trestle tables were piled high with textbooks that Palestinian parents protesting what they call an Israeli censorship campaign handed out to arriving students.
Two Putin Allies Ridicule Russia's War Machine In Public
The withdrawal of Russian forces from a strategically important town in eastern Ukraine has prompted two powerful allies of President Vladimir Putin to do something rare in modern Russia: publicly ridicule the war machine's top brass.
Yemen Truce Expires As U.N. Keeps Pushing For Broader Deal
Yemen's warring parties failed to renew a U.N.-brokered truce deal that expired on Sunday, dashing the hopes of some Yemenis for a broader pact that would ease economic woes and prolong relative calm after more than seven years of fighting.
Nepal Coalition To Aim For Growth If Returned To Power, Finance Minister Says
Nepal's ruling coalition will provide incentives for exporters and lift import curbs as part of efforts to put the economy on a higher growth trajectory if it is returned to power in a general election next month, the finance minister said.
Oath Keepers Founder Goes On Trial Over U.S. Capitol Riots
U.S. prosecutors will present their opening statements on Monday in the trial of Oath Keepers founder Stewart Rhodes and four others charged with conspiring to use force to stop the peaceful transfer of presidential power on Jan.
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.
U.S. Supreme Court Gets Back To Work With A New Face And Environmental Case
The U.S. Supreme Court kicks off a new term on Monday with a history-making justice joining the bench and an environmental case set to be argued, with major cases due to be decided over the next nine months.
Factbox-How Does The Nobel Peace Prize Work?
The winner of the 2022 Nobel Peace Prize will be announced on Oct. 7 in Oslo. Here is a look at how the award works:
Pound Jumps On UK Tax Cut Reversal, Oil Swings Higher
Oil jumped on Monday as OPEC+ considered reducing output at its meeting later this week while the pound swung higher after the UK government said it would reverse a controversial tax cut that had roiled British markets.
Japan PM Kishida Vows New Steps To Beat Inflation As Approval Ratings Slide
Japanese Prime Minister Fumio Kishida on Monday vowed to take steps to cushion the economic blow from rising inflation and boost inbound tourism to maximise the benefits from a weak yen, in a fresh attempt to prop up his sliding approval ratings.
Exclusive-India's Reliance Seeks Repeat Of Phone Success With $184 Laptop-sources
Reliance Jio will soon launch a laptop priced at just 15,000 rupees ($184) - one of the cheapest on offer in India, aiming to replicate the success of its low-cost phone, said two sources with direct knowledge of the matter.
UK's Truss And Kwarteng Forced Into Humiliating Tax U-turn
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
BOJ Discussed Inflation Risks In Subtle Shift In Board Debate
Broadening price rises in Japan prompted some central bank policymakers to warn last month that inflation may overshoot expectations, highlighting the challenge Governor Haruhiko Kuroda faces in justifying ultra-low interest rates.
Global Gas Markets To Remain Tight Next Year Amid Supply Squeeze-IEA
Global gas markets are expected to remain tight next year as Russian pipeline gas supplies dwindle and gas demand falls in Europe in response to energy saving measures and high prices, the International Energy Agency (IEA) said on Monday.
Brazil Election Enters Runoff As Bolsonaro Dashes Lula's Hope Of Quick Win
The second round of Brazil's presidential campaign kicked off Monday after right-wing President Jair Bolsonaro outperformed polling and robbed leftist former President Luiz Inacio Lula da Silva of an outright victory in the first round of voting.
Truss's 'Yes' Boosts Macron's New European Forum Initiative
UK Prime Minister Liz Truss's decision to join the inaugural summit of a pan-European grouping this week has given a boost to the initiative, a brainchild of French President Emmanuel Macron that some have written off already as just another talking shop.
Asia's Factory Activity Weakens On Global Slowdown, Cost Pressures
Asia's factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on Monday, clouding the region's economic recovery prospects.
Malaysia Seen Pushing 'Feel Good' Budget Ahead Of Elections
Malaysia is expected to deliver a slightly expansionary budget for the next year on Friday in a bid to boost voter support ahead of a general election that could be called any day amid rising prices and fears of a global recession.
Pegasus Spyware Attacks In Mexico Continued Under Lopez Obrador -report
Phones of at least three human rights investigators in Mexico were infected with Pegasus during the term of President Andres Manuel Lopez Obrador despite his goverment's assertions that it would stop using the controversial spyware, a report on Sunday found.
Seventeen Children Among The Dead In Indonesian Soccer Stampede
Seventeen children were among at least 125 people killed in a soccer stampede in Indonesia at the weekend, officials said, as pressure builds on the Southeast Asian nation to explain how one of the world's worst stadium disasters unfolded.
Oil Jumps More Than 3% As OPEC+ Mulls Cuts Of Up To 1 Million Bpd
Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market.
Japan's Business Mood Worsens As Costs Cloud Outlook
Japanese manufacturer' business mood worsened in the three months to September and corporate inflation expectations hit a record high, a central bank survey showed, as stubbornly high material costs clouded the outlook for the fragile economy.
Antipodean Currencies Advance Ahead Of Rate Decisions, Dollar Edges Lower
The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies.