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Bank of England warns UK faces two-year recession, hikes rate
The Bank of England on Thursday announced its biggest interest rate hike since 1989 to combat sky-high inflation that it warned was pushing Britain into a recession set to last until mid-2024.
NGO asks France, Spain, Greece to help 234 Mediterranean migrants
Migrant rescue group SOS Mediterranee said Thursday that it had called on the governments of France, Greece and Spain to help find a port for 234 people rescued while trying to reach Europe, after Italy and Malta failed to respond.
Bank of England delivers biggest rate hike in 33 years
The Bank of England delivered Thursday its biggest interest rate hike since 1989 to combat soaring inflation and warned that Britain faced a recession set to last until mid-2024.
iPhone factory lockdown shows risks of China dependence, analysts say
The lockdown of Foxconn's Zhengzhou factory, the world's biggest producer of iPhones, has highlighted some of the risks of relying on zero-Covid China's manufacturing sector, analysts told AFP.
Turkish inflation tops 85%, highest since 1997
Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip Erdogan sticks to unorthodox policies to combat a cost-of-living crisis.
Israel's Netanyahu set for comeback with far-right help
Israel's Benjamin Netanyahu held a nearly unassailable lead Thursday with vote counting almost complete following this week's election, setting him up to form what may be the most right-wing government in Israeli history.
Psychedelics show promise in treating depression: study
For years, scientists have been looking ever more seriously at the therapeutic effect of psychedelics, which are not legal under US federal law. However, despite this renewed interest, large-scale studies are still lacking.
Make glasses cool with new emojis, urges UK schoolgirl
British schoolgirl Lowri Moore is just 13 but has achieved a lot in her short life, championing children who like her wear glasses.
Italy's far-right PM Meloni meets EU chiefs
Italy's new far-right Prime Minister Giorgia Meloni meets European Union chiefs in Brussels Thursday for the first time since her election, with the energy crisis expected to dominate the agenda.
Bank of England set for biggest rate hike in 33 years
The Bank of England is widely expected to hike its key interest rate on Thursday by the biggest amount since 1989 as it bids to cool sky-high British inflation.
Non-binary category allows marathon runners to compete 'as authentic self'
Nick Dill is a veteran marathon runner, but this weekend's race in New York will be the first time they participate in the non-binary category, after contest organizers added the option in response to demands for better representation and inclusion.
Republican denial of election results a 'path to chaos': Biden
President Joe Biden warned US voters Wednesday that the future of democracy was at stake in next week's midterms, with the steadfast refusal of some Republican candidates to accept election results opening a "path to chaos in America."
Fed delivers another steep rate hike with more to come
The Federal Reserve delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on more weight amid the political maelstrom ahead of key US midterm elections.
After lengthy slump, Boeing outlines path to comeback
After years of stumbles and weak results, Boeing said Wednesday it expects to return at mid-decade to operational health and a more robust financial performance.
From XXX to cookery? Erotic site OnlyFans seeks to shift debate
A year is a long time in the history of OnlyFans, an online platform where people sell erotic photos and videos to their subscribers.
North Korea 'covertly' supplying artillery shells to Russia: W.House
The United States said Wednesday that North Korea is sending a significant amount of artillery ammunition to Russia for its war in Ukraine, under cover of shipments to the Middle East or Africa.
Israel's Netanyahu on cusp of victory with far-right allies
Veteran Israeli hawk Benjamin Netanyahu appeared on the cusp of returning to power Wednesday, with initial election results showing his alliance with the extreme right taking a narrow lead.
US pharmacy chains to pay $10 bn to settle opioid cases
US pharmacy chains CVS Health and Walgreens said Wednesday they had reached preliminary agreements to together pay more than $10 billion to resolve opioid claims from US states, cities and tribes.
Ferrari sales, earnings guidance shift higher
Italian luxury sports car manufacturer Ferrari said Wednesday it had raised its 2022 earnings guidance after posting double-digit gains in sales and earnings.
Aston Martin losses deepen despite rising car sales
British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.
US pharmacy chain CVS to pay $5 bn in opioid settlement
US pharmacy chain CVS Health said Wednesday they had agreed to pay approximately $5 billion over 10 years to "resolve all opioid lawsuits and claims" against them by states and cities.
Musk says may take 'weeks' for banned Twitter accounts to be restored
New Twitter owner Elon Musk said Wednesday that it will be "a few more weeks" before any banned accounts -- such as that of former US president Donald Trump -- may be restored on the platform.
US private hiring posts surprise uptick in October: survey
Private US companies hired more workers than expected in October, as restaurants and retailers stepped up hiring ahead of the festive season, according to data from payroll firm ADP Wednesday.
Floods wash away salt industry and tourism at Senegal's 'Pink Lake'
Maguette Ndiour stands on the edge of Senegal's Lake Retba, famous for its pink-hued waters, and points to a mound of salt slowly being shovelled into bags by men toiling under the hot midday sun.
Fed poised for further US rate hike as political pressure mounts
US central bankers are expected to announce another steep interest rate hike Wednesday as they try to prevent soaring inflation from becoming ingrained, but politicians are piling on the pressure in the final days of the midterm elections.
In Niagara Falls, bitcoin mining brings a new roar to town
In the US border town of Niagara Falls, residents accustomed to the soothing roar of the famous waterfalls recently discovered a much less pleasant sound: the "haunting hum" of bitcoin mining farms.
China imposes Covid lockdown on 600,000 people around iPhone plant
Chinese authorities imposed lockdowns on 600,000 people in the area surrounding the world's largest iPhone factory on Wednesday after workers fled to avoid a coronavirus outbreak and the resulting restrictions.
Top Chinese regulator urges investors to avoid foreign news
Investors should avoid reading international press coverage of China's economy, a top Chinese securities regulator told a summit of global bankers on Wednesday in comments that received endorsement from two senior executives.
Choking on factory waste: the Nile's rising scourge
As tourists pose for selfies on the shores of Lake Victoria in Uganda, factories within spitting distance of the source of the Nile dump their waste directly into Africa's longest river.
Rare US Constitution original copy to be auctioned in December
An original copy of the US Constitution -- one of only two known to be in private hands -- will be auctioned off in December with bidding estimated to go as high as $30 million, Sotheby's announced Tuesday.
'Law and order returned' Hong Kong's US-sanctioned leader says at banking summit
Hong Kong’s US-sanctioned leader insisted Wednesday that political stability and business confidence in the city has been restored following the crushing of democracy protests, as he opened a financial summit attended by global bankers including leading Wall Street executives.
Netanyahu ahead in Israel election: exit polls
The party of Israel's veteran ex-premier Benjamin Netanyahu was set to come first in Tuesday's vote, initial projections indicated, but there was no guarantee he could form a government.
Ukraine first lady appeals for IT workers' help
Ukraine's first lady called on Tuesday for IT specialists to help her country by building technology that saves lives rather than ending them.
Netanyahu party finishes first in Israel vote: initial projections
The party of Israel's veteran ex-premier Benjamin Netanyahu was set to come first in Tuesday's vote, initial projections indicated, but there was no guarantee he could form a government.
Wall Street chiefs to share stage with Hong Kong's sanctioned leader
Some of the world's top bankers will attend a Hong Kong finance summit on Wednesday, defying criticism by US lawmakers over their decision to share a stage with the city's leader who is sanctioned by Washington.
Musk announces $8 monthly charge for verified Twitter accounts
New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would upend the platform's "current lords & peasants system" and create a new revenue stream for the company.
Global stocks mixed on Fed hopes, China zero-Covid reports
Global stock markets were mixed Tuesday, as traders looked ahead to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation.
Israel voters flock to the polls as Netanyahu eyes comeback
Israelis cast ballots Tuesday in their fifth election in less than four years, turning out for their strongest showing in two decades with ex-premier Benjamin Netanyahu seeking a comeback.
Counter-terror police probe UK migrant centre attack
A British counter-terrorism unit has taken over an investigation into the firebombing of a migrant processing centre, police said on Tuesday.