U.S. Growth Funds Squeezed By Rate Hike Worries
U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve's resolve to keep hiking to tame inflation potentially spurring even more selling.
COVID Raises Risk Of Long-term Brain Injury, Large U.S. Study Finds
People who had COVID-19 are at higher risk for a host of brain injuries a year later compared with people who were never infected by the coronavirus, a finding that could affect millions of Americans, U.S.
Exclusive-Israel To Sell Air Defence System To United Arab Emirates, Sources Say
Israel has agreed to sell an advanced air defence system to the United Arab Emirates, two sources familiar with the matter said, in the first such known deal between them since they forged ties in 2020.
Salaryman's Best Friend: Japan Office Lets In Dogs In Post-COVID Work Shift
Japan's armies of "salarymen" were famous for spending endless hours at the office. Now one tech giant is trying to make the experience more cuddly by allowing in pets.
Incoming Shell CEO Sawan Set To Fire Up Renewables Drive
Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.
U.S. Weekly Jobless Claims Rise Moderately As Labor Market Remains Resilient
The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve's attempt to cool demand with aggressive interest rate increases.
Man United Target Improvements On And Off The Pitch
Manchester United said the club has 'a lot more work to do' as executives targeted an improved performance on the pitch and set out financial goals for 2022-23 after ending the previous year deep in the red.
Oil Rises On Supply Concerns
Oil rose on Thursday on supply concerns and as a Bank of England interest rate hike defied some expectations of a larger increase.
EU Eyes Oil Price Cap, More High-tech Export Curbs In New Russia Sanctions -sources
The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, diplomats said on Thursday, in response to what the West condemned as a new escalation in Moscow's war in Ukraine.
Rouble Soars To 1-month High Vs Dollar, Gazprom Shares Outperform
The Russian rouble soared past 59 to a one-month high against the dollar on Thursday and gas giant Gazprom's shares dragged resurgent stocks higher, as Russian markets recovered ground lost after the Kremlin ordered a partial military mobilisation.
Ban On Gas Fracking In England Lifted In Push For Energy Independence
Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying strengthening the country's energy supply was an "absolute priority".
University Of Cambridge Says It Gained From Slave Trade
Britain's University of Cambridge said on Thursday it had benefited from the proceeds of slavery over its history, and promised to expand scholarships for Black students and fund more research into the murderous trade.
Explainer-Why The Weak Yen Isn't A Big Boost For Japan Inc Anymore
The weak yen was once a cause for celebration for Japanese companies as it meant they could sell cars and cameras cheaper abroad and saw fatter profits when earnings were brought home.
U.N. Rights Envoy Warns That Myanmar's Election Will Be A 'Fraud'
The United Nations human rights expert on Myanmar said on Thursday that an election planned by the country's junta will be a "fraud" and warned other countries against offering assistance that would help legitimise it.
Central Banks Raise Rates Again As Fed Drives Global Inflation Fight
A host of central banks from across the world raised interest rates again on Thursday, following the U.S.
Bread Sales Can't Cover Energy Bill At Family-run Dutch Bakery
For five generations, Dutchman Dennis Toebast's family has prospered as bread bakers.
Norway Lifts Rates To 2.25%, Expects Smaller Hikes Ahead
Norway's central bank raised its benchmark interest rate by a widely-anticipated 50 basis points to 2.25% on Thursday, but said future hikes would be more "gradual", weakening the country's crown currency.
Turkey's Cenbank Shocks Again With 100-point Rate Cut
Turkey's central bank delivered another surprise interest rate cut on Thursday, by 100 points to 12%, sending the lira to an all-time low, even as inflation rose above 80% and as central banks globally race in the other direction to tighten policy.
Pakistan Former Prime Minister Khan Apologises In Contempt Of Court Case
Former Pakistani Prime Minister Imran Khan on Thursday tendered an apology in a contempt of court case, his defence lawyer said, a step back that could help him avoid disqualification from politics.
Bank Of England Raises Rates To 2.25%, Despite Likely Recession
The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy entering recession.
Exclusive-Hedge Fund Ancora Seeks Ouster Of Kohl's CEO, Chairman
Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl's Corp, is now pushing for the removal of the U.S.
Futures Subdued After Fed-driven Selloff
Wall Street futures were muted on Thursday as investors assessed the impact on U.S.
Indonesia Central Bank Raises Rates By 50 Bps To Head Off Inflation Risks
Indonesia's central bank increased interest rates by more than expected on Thursday as it sought to rein in inflation after the government raised subsidised fuel prices earlier this month, while also supporting the rupiah currency.
Some Russians Rush For The Border After Mobilisation Order
Some Russian men rushed for the exits on Thursday after President Vladimir Putin ordered a partial mobilisation, with traffic at border crossings with Finland and Georgia surging and prices for air tickets from Moscow rocketing.
Exclusive-China Sends Regulators To Hong Kong To Assist U.S. Audit Inspection-sources
Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S.
Analysis-FedEx Investors Frustrated With New CEO After Withdrawn Forecast
FedEx Corp dented investor confidence in the new chief executive's vision to deliver a long-awaited turnaround at the shipping company, sending its shares into a freefall after it withdrew its full-year profit forecast last week.
Florida's DeSantis Traverses The U.S. As 2024 White House Talk Advances
Days after sending two planeloads of migrants to Martha's Vineyard, Florida Governor Ron DeSantis flew 1,000 miles (1,600 km) across the country to speak to voters in a Kansas hotel ballroom.
Ukraine's Zelenskiy Hails Commanders Freed In Prisoner Swap As 'Superheroes'
President Volodymyr Zelenskiy hailed as "superheroes" the senior Ukrainian commanders, including those who led the dogged defence of Mariupol, who were freed by Russia as part of an unexpected prisoner swap involving almost 300 people, including foreigners.
Swiss National Bank Exits Negative Rates Era With 0.75% Hike
The Swiss National Bank raised its policy interest rate by 0.75 percentage point on Thursday - only the second rise in 15 years - and said it could not rule out more hikes as it joined other central banks in tightening monetary policy to curb inflation.
Northern Ireland Has More Catholics Than Protestants For First Time - Census
Northern Ireland has more Catholics than Protestants for the first time, census results showed on Thursday, a historic shift that some see as likely to help drive support for the region to split from Britain and join a united Ireland.