ECB hikes rates by 75 basis points and scales back support for European banks
The ECB announced another 75-basis-point rate hike — its third consecutive increase this year — while also scaling back support for European banks.
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Putin monitors drills intended to simulate “massive nuclear strike”
Biden slams Putin’s talk of nuclear weapons Russian President Vladimir Putin on Wednesday monitored drills of the country’s strategic nuclear forces involving multiple practice launches of ballistic and cruise missiles …
France and Germany’s relationship questioned as Scholz goes alone on policy
The leaders of Germany and France are meeting Wednesday in Paris, but this encounter almost got cancelled as tensions between both sides grow.
UNICEF warns billions of children at risk from increased heat waves
Calls escalate for action on climate change United Nations – The U.N. children’s agency (UNICEF) warned Tuesday that over two billion children around the world will face frequent heat waves …
‘Our country is facing a profound economic crisis’: Rishi Sunak pledges to fix mistakes as he becomes UK PM
The U.K.’s third prime minister of the year faces a packed in-tray including a looming recession and the European energy crisis.
Lost 17th-century warship found off Sweden’s coast
Swedish maritime archaeologists have discovered the long-lost sister vessel of the iconic 17th-century warship “Vasa”, which sank on its maiden voyage, the Swedish Museum of Wrecks said on Monday. Launched …
Rishi Sunak to be Britain’s new prime minister as rivals quit race
Rishi Sunak will be named the U.K.’s new prime minister, following a fast-tracked Conservative Party leadership race initiated to fill the void left by Liz Truss’ resignation.
Rishi Sunak frontrunner to become Britain’s next prime minister
The search for a new U.K. prime minister Former British Treasury chief Rishi Sunak was the frontrunner Sunday in the Conservative Party’s race to replace Liz Truss as prime minister. Sunak …
China names Xi Jinping loyalists for core leadership group
In remarks Sunday, Xi emphasized the Party’s leadership in “a new journey to turn China into a modern socialist country,” according to an official translation.
Strict COVID-19 policies drive people out of Hong Kong
COVID policies drive people out of Hong Kong Large numbers of people have left Hong Kong not only due to political unrest, but also strict COVID-19 policies. Over the past …