Britain's Market Rout Stokes Contagion Fears Around The Globe
The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere.
UK Companies Face Biggest Monthly Surge In Borrowing Costs For Decades
Borrowing costs for UK companies have soared since the British government's mini-budget last week spooked markets, with data showing sterling corporate bonds suffering their biggest monthly selloff since at least the 1990s.
Weary Bulgarians Fear More Political Turmoil After Latest Election
Bulgarians bracing for their fourth election in less than two years face a winter of want amid soaring inflation driven by the war in Ukraine, making many yearn for good government and stability after years of political turmoil.
Finland Closes Highway For Fighter Jet Drill For First Time In Decades
Finland has shut down a section of one of its main highways for five days for the first time in decades to allow its fighter jets to practice landings and take-offs on a reserve road runway.
Exclusive-Brands Blast Twitter For Ads Next To Child Pornography Accounts
Some major advertisers including Dyson, Mazda and chemicals company Ecolab have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions are appearing alongside tweets soliciting child pornography, the companies told Reuters.
U.S. Seeks Reform Of War Crimes Law Amid 'Shocking Crimes' By Russia In Ukraine -official
The U.S. Justice Department on Wednesday urged Congress to close legal gaps that make it hard for the United States to prosecute non-U.S.
Weak Imports Help To Shrink U.S. Goods Trade Deficit In August
The U.S. trade deficit in goods narrowed for a fifth straight month in August amid a decline in imports, which is being driven by slowing domestic demand as the Federal Reserve aggressively tightens monetary policy to tame inflation.
Bank Of Canada To Start Releasing Rate Decision Summaries Next Year
The Bank of Canada on Wednesday said it would begin publishing a summary of its monetary policy deliberations starting next year, accepting a key recommendation from a transparency review by the International Monetary Fund.
Fed's Bostic Backs 75-basis-point Hike In November, Smaller Rise In December
The lack of clear progress on inflation means the Federal Reserve needs "moderately restrictive" interest rates that should reach a level between 4.25% and 4.50% by the end of this year, Atlanta Fed President Raphael Bostic said on Wednesday.
EU Executive Proposes New Sanctions Against Russia
The European Union executive proposed on Wednesday fresh sanctions against Russia over its war against Ukraine, including tighter trade restrictions, more individual blacklistings and an oil price cap for third countries.
Analysis-Alzheimer's Drug Breakthrough Big Boost For Roche, Eli Lilly
The results of a key Alzheimer's drug trial on Wednesday have reignited decades-old hopes that targeting a particular protein helps arrest the progression of the fatal brain disease, giving a big boost to similar studies being run by Roche and Eli Lilly.
Russia Sets New Budget Rule, May Resume FX Interventions This Year -Finance Minister
Russia estimates the new cut-off price for its budget rule that diverts excess oil revenues into its wealth fund at $62-$63 per barrel and may resume foreign currency purchases as early as this year, Finance Minister Anton Siluanov said on Wednesday.
Bank Of England To Buy 65 Billion Pounds Of UK Bonds To Stem Rout
The Bank of England stepped into Britain's bond market on Wednesday to stem a market rout, pledging to buy 65 billion pounds ($69.4 billion) of long-dated gilts after a government fiscal statement triggered the biggest sell-off in decades.
Iranian Woman Whose Death Led To Mass Protests Was Shy And Avoided Politics
The young Iranian woman Mahsa Amini, whose death in police custody triggered nationwide protests, was a shy, reserved resident of a small town who never challenged the country's clerical rulers or its Islamic dress code, sources close to the family said.
Rowing Past Their Severed Road Bridge, Ukrainians Return To Liberated Villages
Ukrainian volunteer Vitalii Kivirenko loads a small rowing boat with tins of food and supplies by the village of Staryi Saltiv, on the Pechenizhske Reservoir, northeast of Kharkiv, ready to make a short trip that was unthinkable just a few weeks ago.
India Bans Islamic Group PFI, Accuses It Of Terrorism
India declared the Popular Front of India (PFI) Islamic group and its affiliates unlawful on Wednesday, accusing them of involvement in terrorism and banning them for five years, after authorities detained more than 100 PFI members this month.
Tata Motors Launches $10,000 Electric Car In India To Further Its Lead
Tata Motors launched India's lowest priced electric car at a little over $10,000 on Wednesday as the country's only electric vehicle (EV) maker looks to draw in more buyers.
Analysis-India Sharpens Stand On Ukraine War But Business As Usual With Russia
India is articulating its position against the Ukraine war more robustly to counter criticism that it is soft on Russia, but it still has not held Moscow responsible for the invasion and will not alter its policy on importing cheap Russian oil and coal.
EU Countries At Odds Over Possible Gas Price Cap
European Union countries were at odds on Wednesday over whether to cap gas prices in the bloc, with France, Belgium and 13 other states stepping up their call for the move opposed by Germany and others.
Futures Fall As Apple Drops Production Increase, Falling Yields Limit Losses
U.S. stock index futures fell on Wednesday led by Apple after it dropped plans to boost production of its new iPhones, but a pullback in benchmark Treasury yields from multi-year highs limited the decline.
Norway Beefs Up Security Across Oil And Gas Sector
Norway on Wednesday was beefing up security throughout its oil and gas sector to protect against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked.
Exclusive-Vietnam Preparing Rules To Limit News Posts On Social Media Accounts - Sources
Vietnam is preparing new rules to limit which social media accounts can post news-related content, three people familiar with the matter said, as authorities tighten their control over news and information sources in the country.
Israeli Forces Kill 4 Palestinian Gunmen In Flashpoint West Bank Town
Israeli forces killed four Palestinian gunmen in the occupied West Bank on Wednesday, pursuing a half-year-long campaign of raids triggered by a series of lethal street attacks in Israel.
Cuba Slowly Begins To Restore Power After Hurricane Ian Knocks Out Grid
Cuba had slowly begun to restore power across the eastern end of the island, the state electricity provider said early on Wednesday, after Hurricane Ian caused the country's grid to collapse, turning off the lights for more than 11 million people.
Analysis-Russia's Ukraine Gas Transit Sanction Threat A Fresh Blow For Europe
If Moscow carries out a threat to sanction Ukrainian energy firm Naftogaz one of the last functioning Russian gas supply routes to Europe could be shut, exacerbating the energy crisis just as the crucial winter heating season begins.
N.Korea Fires Two Ballistic Missiles Ahead Of Harris' Visit To South
North Korea fired two short-range ballistic missiles off its east coast on Wednesday, the South's military said, just a day before U.S.
Wider Image: In Mexico, More Loved Ones Go Missing. Their Families Keep Searching
Manki Lugo no longer remembers how many dead bodies she has found in the seven years she has searched across northern Mexico for her son.
U.S. Oil Refinery Run-rates Could Top 90% For 3rd Quarter In A Row
U.S. oil refinery utilization rates, a measure of how operators view future fuel demand, could top 90% next quarter for the third consecutive period, industry analysts projected, reflecting scant stocks and strong demand for diesel.
'I Have To Keep Fighting': Mexicans Wait For Years Behind Bars For A Trial
Ana Georgina Dominguez has not seen her children in 13 years since she was thrown in jail for a crime Mexican prosecutors have still not proven she committed.
China May Extend Refined Fuel Export Quota Into Next Year - Sources
China may tweak a proposed sharp increase in refined fuel export quotas for this year by extending the plan into next year, as it weighs the benefits to the economy of higher exports against low domestic stocks and operational challenges, four sources told Reuters.