Reuters

Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation.

After powerful storm Fiona left a trail of destruction in Canada's east coast on Saturday, the focus shifted to massive clean-up efforts, damage assessment and restoration of power and telecom services as officials warned of a long road to recovery.

Grab, Southeast Asia's biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions.

North Korea fired a ballistic missile towards the sea off its east coast on Sunday, ahead of planned military drills by South Korean and U.S.

Millions of Italians will vote on Sunday in an election that is forecast to return the country's most right-wing government since World War Two and usher in its first woman prime minister.

Roger Federer's trophy-laden career ended with defeat on Friday, but for once the result hardly mattered as the Swiss maestro headed into retirement with tears in his eyes and cheers ringing in his ears.

The stridently pro-Kremlin editor of Russia's state-run RT news channel expressed anger on Saturday that enlistment officers were sending call-up papers to the wrong men, as frustration about a military mobilisation grew across Russia.

Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago's North Side in August.

Eastern Canada on Saturday braced for what could become one of the most severe storms in the country's history as Hurricane Fiona barreled toward Nova Scotia nearly a week after devastating parts of the Caribbean.

President Joe Biden, first lady Jill Biden and about 2,000 fans on Friday basked in a performance at the White House by musical legend and activist Elton John, who is on a lengthy farewell tour in the United States.

The U.S. Treasury Department on Friday issued guidance expanding the range of internet services available to Iranians despite U.S.

U.S. diplomats have assured Brazil's leading presidential candidate, leftist former President Luiz Inacio Lula da Silva, that they will swiftly recognize the winner of next month's election, two sources told Reuters, seeking to avert any attempt to contest a legitimate result or sow chaos after the vote.

Marina Silva, a former environment minister under ex-President Luiz Inacio Lula da Silva and once his rival, told Reuters she is throwing her full support behind his campaign and did not rule out an eventual role in his government if he wins a third term.

Britain's new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40 years, for which the chance of success fell instantly as investors ditched sterling assets.

General Motors Co said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks, the automaker's first U.S.

Puerto Rico's widespread power outages caused by Hurricane Fiona have led to cascading energy problems for the island, where fuel distribution limitations and surging demand for fuel to run backup generators has left many gas stations dry.

Saudi Arabia has won a diplomatic victory by securing freedom for foreign fighters captured in Ukraine, signalling the value of the crown prince's alliance with Russia to Western partners seeking to isolate Moscow over the war there, analysts say.

A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead.

World Bank President David Malpass on Friday said none of the global development bank's shareholders have asked him to resign despite a wave of criticism this week after he declined to say whether he accepts the scientific consensus on global warming.

A leading U.S. conservative group is pressuring Republicans in the U.S.

U.S. startup Fisker Inc will begin selling its Ocean electric sport-utility vehicle (SUV) in India next July and could begin manufacturing its cars locally within a few years, the company's chief executive officer told Reuters.

A federal jury has found Project Veritas, a conservative group often accused of using deceptive tactics, liable for violating wiretapping laws and misrepresenting itself in an undercover effort to target Democratic political consultants.

Brazil's government admitted that its estimates for coffee crops over recent years have problems and need improvements to better reflect the reality, since the numbers for production have been smaller than the sum of local consumption plus exports.

Stephen Chazen, who rose to the top of Occidental Petroleum during a lengthy career and after his retirement started and ran a Texas shale-oil producer, has died aged 76 after an illness.

Mario Draghi's outgoing Italian government is preparing to cut its growth estimate for 2023 to just above 0.5% as the energy crisis weighs on the euro zone's third largest economy, sources said ahead of official publication of the new economic forecasts next week.

Blackstone Inc will sell a stake worth up to $400 million in Embassy Office Parks REIT, India's biggest real estate investment trust, via Indian stock exchange block deals, three sources familiar with the matter told Reuters.

Europe's Airbus clashed on Friday with U.S. giant Raytheon Technologies over plans for a record leap in jetliner output, after the industry's largest contractor questioned whether a battered supply chain could keep up.

Oil prices plunged about 5% to an eight-month low on Friday as the U.S.

U.S. Senator Joe Manchin on Friday warned that bipartisan opposition to his bill to overhaul energy permitting could derail his plan to attach it to temporary spending legislation and pass it by the end of the month.