World
British Airways staff at London’s Heathrow vote to strike
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou | NurPhoto | Getty Images British Airways staff at London’s Heathrow airport have voted in favor […]
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Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for the Senate Banking Committee a day prior, Powell said the Fed understands the “the hardship high inflation is causing. We […]
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Chinese EV maker Nio says a car fell from third floor of a Shanghai office, killing two
Employees stand next to a ET7 sedan at a NIO Inc. dealership in Shanghai, China, on Wednesday, June 8, 2022. Qilai Shen | Bloomberg | Getty Images A test car made by Chinese electric vehicle start-up Nio fell out of a third-floor parking lot of a building in Shanghai, killing two people, the company said in a Weibo post on Thursday. The incident happened at around 5:20 p.m. Beijing time on Wednesday. One company staff member and a […]
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Norway announces 50 basis point hike to interest rates, largest for 20 years
Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s central bank announced a 50-basis-point hike to its benchmark interest rate on Thursday, the country’s largest single increase since 2002. The move takes the policy rate from 0.75% to 1.25%, and Norges Bank Governor Ida Wolden […]
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Anita Alvarez loses consciousness in pool at world championships in Budapest
A member of Team USA (R) swims to recover USA’s Anita Alvarez (L), from the bottom of the pool. Oli Scarff | Afp | Getty Images American artistic swimmer Anita Alvarez was in danger of drowning after losing consciousness in the pool at the world championships in Budapest before being rescued by her coach Andrea […]
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Nike to fully exit Russia, will scale down over coming months
A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday. Nike said on March 3 […]
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Musk says Tesla’s factories in Berlin and Texas are ‘gigantic money furnaces’
“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Tesla’s newest car factories in Texas and Berlin are losing “billions of dollars right now” as supply chain disruptions hamper […]
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Euro zone bond yields plunge as business activity data disappoints
An Audi employee carries out the final inspection on a row of Audi A3 automobiles at Volkswagen’s plant in Ingolstadt, Germany. Alexander Hassenstein | Getty Images News | Getty Images Euro zone bond yields tumbled on Thursday after data showed business activity in the bloc had slowed much more than expected in June, adding to […]
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Isolated Putin says trade with China and India is increasing
Russian President Vladimir Putin is here seen at during a meeting with Chinese President Xi Jinping weeks before the launch of the unprovoked Russian attack on Ukraine. During the meeting, both countries signed a “no-limits pact” Anadolu Agency | Anadolu Agency | Getty Images In a transparent attempt to end his international isolation after the […]
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Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages
Habeck has previously warned the situation is going to be “really tight in winter” without precautionary measures to prevent a gas supply shortage. Picture Alliance | Picture Alliance | Getty Images Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a […]
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