World
Gas giant Uniper submits bailout application to German government as Russia squeezes supplies
Uniper has been in talks with the German government about a possible bailout. Picture Alliance | Picture Alliance | Getty Images Embattled German gas giant Uniper on Friday submitted a bailout application for government support after running into extreme financial distress, Finnish majority owner Fortum said in a statement. Uniper was the first German energy […]
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UK Labour’s Starmer cleared of wrongdoing after lockdown investigation
Labour Party leader Keir Starmer. Hollie Adams | Getty Images News | Getty Images British opposition Labour leader Keir Starmer was cleared by police on Friday following an investigation into whether he had broken COVID-19 lockdown laws by pausing for a meal while working. Alleged breaches of coronavirus rules became a politically explosive issue following […]
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Ukraine says retaking of Snake Island shows Kyiv ‘cannot be broken’; Russia hits out at West at G-20
Zelenskyy says retaking of Snake Island shows Ukraine ‘cannot be broken’ Moscow said Russian troops withdrew from Snake Island (pictured here in an image released by the military governor of Odesa) last week as a “goodwill gesture.” Ukraine, however, said Russian forces hastily evacuated after successful military action. Odessa Military Governor | Anadolu Agency | […]
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Japan’s former PM Shinzo Abe dies from injuries after being shot
This 2016 photo shows then-Japanese Prime Minister Shinzo Abe at Joint Base Pearl Harbor Hickam’s Kilo Pier in Honolulu, Hawaii. Kent Nishimura | Getty Images Shinzo Abe, the former prime minister of Japan, has died after being shot while delivering a speech Friday. The Nara Medical University Hospital, where Abe was taken for medical treatment […]
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Boris Johnson faces growing pressure to go now — as the race to replace him gets underway
British Prime Minister Boris Johnson leaves after making a statement at Downing Street in London, Britain, July 7, 2022. Peter Nicholls | Reuters LONDON — The race to replace outgoing U.K. Prime Minister Boris Johnson is wide open. Johnson resigned as Conservative Party leader on Thursday, finally bowing to immense political pressure after an unprecedented […]
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ECB stress test shows most banks don’t include climate risk in their credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The results of the European Central Bank’s first climate risk stress test show that most banks do not sufficiently incorporate climate risk into their stress-testing […]
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How an Indian cement maker bought Russian coal using yuan
People walking past HDFC Bank In Kolkata, India on 19 August, 2021. An Indian cement maker’s recent purchase of Russian coal using yuan involved India’s biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against […]
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Former Japanese Prime Minister Shinzo Abe taken to hospital after apparent shooting, Japan news service NHK says
Japan’s former prime minister Shinzo Abe has been taken to hospital bleeding after collapsing while delivering a speech in the western city of Nara, public broadcaster NHK reported on Friday. A sound like a gunshot was heard at the time, and a male suspect was detained at the scene, NHK said. An NHK reporter on the scene said they could […]
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China says it will maintain an ‘objective and fair’ position on Russia-Ukraine crisis
Chinese Foreign Minister Wang Yi met Russian Foreign Minister Sergei Lavrov on on the sidelines of a G-20 summit in Bali, Indonesia. This photo shows the two men in a 2021 meeting in Beijing, China. Russian Foreign Ministry Press Service Handout | Anadolu Agency | Getty Images Chinese Foreign Minister Wang Yi says China will […]
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Asset manager names his top stocks trading at a ‘sizable discount’ right now
With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies […]
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