Reuters

Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows.

Bank of Japan (BOJ) board members agreed the inflationary impact of the yen's recent sharp moves must be closely scrutinised, but policymakers reiterated their resolve to keep policy loose even as the currency's rapid fall has unsettled financial markets.

Saudi Arabia's King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom's prime minister and his second son Prince Khalid as defence minister, a royal decree showed on Tuesday.

China's coronavirus-driven economic slowdown is proving to be a boon for Zhu Tainiqi, the Shanghai-based founder of second-hand luxury goods marketplace ZZER, who is now scouting for shop space to expand the business.

Plagued by mosquitoes at night and marauding monkeys by day, ship captain Glenn Madoginog was held for months at an Indonesian naval base before ending up in a cramped prison cell, sleeping alongside convicted murderers and child rapists.

Residents of Florida's Gulf Coast boarded up their homes, packed up their vehicles and headed for higher ground Tuesday as Hurricane Ian approached threatening to bring a deadly storm surge and more than a foot of rain to some areas.

The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters.

Ford Motor Co on Tuesday took the wraps off the latest version of its Super Duty pickup, providing a look at how the U.S.

An experimental Alzheimer's drug developed by Eisai Co Ltd and Biogen Inc significantly slowed cognitive and functional decline in a large trial of patients in the early stages of the disease, the companies said on Tuesday.

Wall Street giant JPMorgan is planning to double the size of its workforce at fledgling British retail bank Chase to at least 2,000 within two years, the CEO of the venture told Reuters, despite losses and some investor scepticism.

A bipartisan group of U.S. lawmakers on Tuesday called on President Joe Biden to issue an executive order to boost oversight of investments by U.S.

Meta Platforms said on Tuesday it disrupted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in November.

Elon Musk's review of Twitter Inc accounts by his advisers did not back up the billionaire's allegation that the number of fake users was "wildly higher" than 5% as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday.

A federal appeals court set aside a judge's ruling that Donald Trump could be sued for defamation by E.

U.S. Senate Republican leader Mitch McConnell on Tuesday voiced qualified support for a Senate bill to clarify Congress' role in certifying presidential election results, calling it the only chance to prevent any future chaos like the Jan.

Australian telecoms giant Optus came under more fire from the government on Tuesday for a massive cyber breach, while an anonymous online account believed to be that of the hackers said it was deleting stolen data and withdrawing a $1 million ransom demand.

The Biden administration's plan to provide student loan debt forgiveness will most benefit Americans who live in less affluent parts of the country - the South in particular, a report from the Federal Reserve Bank of New York said Tuesday.

"Yes," U.S. forces will defend Taiwan if it is invaded by China. Russian President Vladimir Putin is a "butcher" who "cannot remain in power." And the COVID-19 pandemic is "over."

About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and the storm took aim at Florida.

The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters.

Prime Minister Justin Trudeau on Tuesday will tour Atlantic Canada, where most lost power, many lost their homes, and a few lost their lives when record-setting storm Fiona ravaged provinces on the east coast.

U.S. President Joe Biden will claim victory on Tuesday for a drop in costs for tens of millions of Americans covered by the Medicare health program, though it is primarily due to a decision to severely limit coverage of an expensive, new Alzheimer's drug.

The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks after a similar group involving several other G7 nations was launched, according to a document seen by Reuters.

Weather disasters linked to global warming are increasingly reducing the productive capacity of the U.S economy and sapping resources from governments, U.S.

The Bank of England is likely to deliver a "significant policy response" to finance minister Kwasi Kwarteng's huge tax cuts but wants to wait until its next scheduled meeting in November before making its move, BoE Chief Economist Huw Pill said on Tuesday.

Francois Legault, the nationalist leader of Coalition Avenir Quebec (CAQ), is favoured to stay in power with a bigger margin in the Canadian province's election next week, promising to cut middle class taxes and protect the province's official French language.

Europe's drug makers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest industry to seek help as the energy crisis deepens.

First partial voting results from four Russian-occupied regions of Ukraine showed majorities of more than 96% in favour of becoming part of Russia after so-called referendums that Kyiv and the West have denounced as a sham.

The number of asylum-seekers entering Canada between formal border crossings has surged to the highest point since the government started tracking them in 2017, as dropped pandemic restrictions enable more travel and conflict and catastrophe displace people in many parts of the world.