India's Aug Retail Inflation Accelerates As Cenbank Struggles To Tame Prices
India's annual retail inflation rate accelerated to 7% in August, driven by a surge in food prices, putting more pressure on the central bank to hike interest rates again later this month.
Exclusive: Sony, Zee Offer Concessions To Ease India Watchdog Worry Over Merger - Sources
A unit of Sony Group and India's Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country's antitrust regulator over their merger, which will create a $10-billion TV behemoth, two sources told Reuters.
Modern Slavery On The Rise As Crises Fuel Poverty - U.N. Report
The number of people forced into modern forms of slavery by poverty and other crises has risen by a fifth in recent years to around 50 million on any given day, the U.N.
Venezuela Pushes Out Small Gold Miners As Maduro Seeks More Revenue
In Venezuela's El Callao mining region, countless small, artisanal miners that once sold gold to the government have left the area in the last year because accessible local supplies are depleted and President Nicolas Maduro has been striking deals with bigger miners, seeking more production and more revenue for the treasury.
Quick-thinking Online Sellers See Royal Memorabilia Sales Soar
Laura Sheldon, 36, co-owner of the LulaandGray store on Etsy.com, had a busy weekend, fulfilling dozens of orders for Queen Elizabeth II keepsakes since she died on Thursday.
Russia's Pro-war Patriarch Conspicuously Absent In Pope's Kazakh Trip
Pope Francis leaves on Tuesday for a peace meeting of world religious leaders in Kazakhstan marked by the conspicuous absence of Russian Orthodox Patriarch Kirill, who supports the war in Ukraine.
Russia Seen Cutting Benchmark Interest Rate By 50 Bps To 7.5% - Reuters Poll
The Russian central bank is expected to cut its key interest rate by 50 basis points to 7.5% on Friday to encourage lending as inflation continues to slow, a Reuters poll suggested on Monday.
Wall Street Set For Higher Open As Focus Shifts To Inflation Data
U.S. stock indexes were set to open higher on Monday as investors positioned themselves for a crucial inflation reading this week that could determine the pace of interest rate hikes by the Federal Reserve.
Pakistan Races To Keep Floodwaters Out Of Power Station That Supplies Millions
Authorities in Pakistan are scrambling to protect a vital power station supplying electricity to millions of people against a growing threat of flooding, officials said on Monday.
In Transylvanian Saxon Village, Britain's King Charles Is A Good Neighbour
For many people in the Transylvanian village of Viscri in central Romania, Britain's King Charles has been a gracious and engaged neighbour.
Rocketing Energy Prices Hit As Europe Debates Gas Price Cap
Europe felt the chill of soaring energy prices on Monday, with France saying it could not foot all of the extra costs for consumers, while Britain faces a rising risk of recession.
EU Cautious On Hungary's 'Charm Offensive' As Billions Of Funds Hang In Balance -sources
The European Commission wants to see more action from Hungary on stepping up anti-corruption safeguards before Brussels agrees to unlock EU funds, EU sources said.
Yemen Rifts Stall Reforms Needed To Access Gulf Aid, Sources Say
Rifts within Yemen's new presidential council are delaying approval of reforms needed to unlock $3 billion in financial aid from Saudi Arabia and the United Arab Emirates that would help ease a severe foreign exchange crunch, four sources said.
A Nation Fit For A King? Scots Face New Era As Independence Case Looms
In Edinburgh's Old Town as the proclamation for King Charles III was read out and a gun salute echoed from the city's ancient castle, a small but noisy group of protesters began heckling.
Analysis-This Might Hurt: Tectonic Plates Of Global Economy Shift
When the Shannon family announced the closure of their garden centre just off London's busy South Circular road after 33 years of trading this month, their message to customers sought to explain their difficult decision.
Ethereum Blockchain To Undergo Major Upgrade To Cut Energy Use
A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology's use and support the price of the ether token.
EU Readies Energy Package, Countries Split Over Gas Price Cap
The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but countries are split over the details and whether to impose a cap on gas prices.
Explainer-The G7's Price Cap On Russian Oil Begins To Take Shape
The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.
Gusher Of Pandemic Aid Averted Global Depression, But Left A Bad Hangover
Economists around the world, from the most liberal free-spenders to fiscal conservative deficit hawks, largely agreed the coronavirus pandemic required a go-big, go-fast policy response to avoid an outright global depression.
Fight Against AIDS, TB And Malaria Bounced Back Post-COVID - But Not Enough
Efforts to tackle AIDS, tuberculosis and malaria began to recover last year after being hit hard by the COVID-19 pandemic in 2020, but the world is still not on track to defeat these killer diseases, according to a report.
U.S. Abortion Clinic Moves Up The Street To Escape One State's Ban
The women's health clinic in Bristol, Tennessee, had a seemingly simple solution to continue providing abortions after its home state banned the procedure this summer: It moved a mile up the road to Bristol, Virginia, where abortion remained legal.
Explainer-Why The U.S. SEC Is Looking To Reform The Treasury Market
The U.S. Securities and Exchange Commission (SEC) is scheduled on Wednesday to propose draft rules to boost the resilience of the $23 trillion Treasury market, the world's largest bond market which serves as a benchmark for dollar assets globally.
Mobile School Offers Hope To Nomad Children In Chad
In a makeshift open-air classroom, dozens of children sat squeezed together on a mat and watched as their teacher chalked simple sums on a blackboard - a rare chance of education for their nomadic community in Chad.
Iran Says Ready For Nuclear Cooperation But Threatens Israel With Drones
Iran said on Monday it was ready to continue cooperating with U.N.
Biden Executive Order To Fund U.S. Biomanufacturing Industry
President Joe Biden will sign orders on Monday to push more government dollars to the U.S.
Exclusive-Flurry Of New Rules Leave Turkish Banks Struggling To Lend -sources
Some Turkish banks are curtailing corporate lending after the government's latest raft of regulations raised their costs and forced many to cut their balance sheet risks, five banking and private sector sources told Reuters.
Ageing 'Giant' Berlusconi Seeks Lead Role At Italy's Election
Shrugging off old age, ill-health, sex scandals and a criminal conviction, Silvio Berlusconi is in the thick of yet another Italian election campaign as the four-times prime minister battles for a central role after the vote.
Ukraine Seeks To Trace Thousands Of 'Orphans' Scattered By War
Ukraine says it dismissed nearly 100,000 children from institutional care. With help from U.N. child agency UNICEF, it is still trying to reach some 26,000 of them.
Analysis-BOJ Is Nowhere Near Shifting Monetary Policy To Support Yen
The yen may be near 24-year lows, but Japan's central bank is not even close to trying to support it with higher interest rates.
UK Economy Shows Signs Of Strain From Surging Prices
Britain's economy grew by less than expected in July, with a fall in power production possibly reflecting the sharp climb in energy tariffs and the construction sector also hit by the leap in inflation, official data showed on Monday.