World
‘The whole world is against us’: Russian military analyst gives damning assessment of Ukraine war on state TV
Destroyed military equipment of the Russian army in the city of Bucha. Sopa Images | Lightrocket | Getty Images In a country where independent media and commentary has all but disappeared from public view, it’s rare to hear dissenting voices on the many state-controlled TV networks in Russia — particularly now with the country at […]
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Turkey will eventually relent on Finland and Sweden joining NATO, says former Finnish PM
Finland’s former prime minister is confident that Turkey’s opposition to Sweden and Finland joining NATO will be diplomatically “sorted out.” “I’m sure this will get ironed out,” Alexander Stubb told CNBC’s Capital Connection on Wednesday, adding that both Finland and Sweden have been “avid supporters” of Turkey’s bid to join the European Union. “I imagine […]
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UAE petrochemicals firm Borouge to become latest IPO in a wave of Middle East mega listings
The lure of high dividends has been a major draw for global investors amid a recent wave of mega listings across the Gulf region. Rustam Azmi | Getty Images DUBAI, United Arab Emirates — Petrochemicals business Borouge will list on the Abu Dhabi stock exchange next month, marking the latest in a series of mega public […]
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China Eastern crash probe reportedly eyes intentional action
A plane carrying the second black box of the crashed China Eastern Airlines flight arrives in Beijing on March 27, 2022. Investigators looking into the crash of a China Eastern Airlines jet are examining whether it was due to intentional action on the flight deck, with no evidence found of a technical malfunction, two people […]
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UK inflation jumps to 40-year high of 9% as food and energy prices spiral
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market stall in London on May 12, 2022. – Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output […]
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As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis
Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do […]
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Australian election polls show race tightening in final campaign stretch
Australia’s national election has become too close to call, polls out on Wednesday showed, as the ruling conservative coalition narrowed the gap with the main opposition Labor Party, three days before the country decides on a new government. Centre-left Labor’s lead over the Liberal-National coalition has shrunk to 51-49% on a two-party preferred basis from […]
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It’s now cheaper to switch from coal to renewables instead of coal to gas, report shows
Power workers inspect photovoltaic power generation facilities at a 35-MEGAwatt “fish-light complementary” photovoltaic power station in Binhai New Area, Haian City, East China’s Jiangsu Province, on March 15, 2022. Costfoto | Future Publishing | Getty Images Record-high coal and gas prices have been pushing prices higher for consumers and businesses alike, but there could be […]
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Japan’s GDP shrinks as surging costs raise specter of deeper downturn
A pedestrian crosses a road in Shinjuku district in Tokyo, Japan on Monday, March 7, 2022. Japan’s economy shrank for the first time in two quarters in the January-March period as Covid-19 curbs hit the service sector and surging commodity prices created new pressures, raising concerns about a protracted downturn. Noriko Hayashi | Bloomberg | […]
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Asia-Pacific stocks trade mixed; data shows Japan’s economy shrank less than expected in the first quarter
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade. following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.71% while the Topix index traded 0.78% higher. Japan’s economy shrank 1% on an annualized basis in January-March as compared […]
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