BOE’s Mann Says Climate Change Poses Persistent Inflation Threat
Both climate change and the path to net zero will cause higher, more persistent and more volatile inflation
2023-11-14 01:24
Ukraine Recap: EU Readies Diamonds Export Ban in Sanctions Plan
The European Union is finalizing a 12th package of sanctions against Russia that includes an export ban on
2023-11-14 00:56
Nikki Haley Poaches Donors From Republican Rivals
Former United Nations Ambassador Nikki Haley is poaching donors from her Republican competitors, fueling a surge in her
2023-11-14 00:55
Orsted Quits Norway Offshore Wind as Cost Crisis Deepens
Orsted A/S has withdrawn from a partnership developing offshore wind projects in Norway as the company grapples with
2023-11-14 00:55
Villanova Steps in to Rescue Investors in Neighboring College
Villanova University in Pennsylvania is rescuing bondholders who own debt sold by Cabrini University, a small Roman Catholic
2023-11-14 00:45
Zelensky tells Ukrainians to brace for ‘enemy’ Putin’s winter attacks
Volodymyr Zelensky has warned Ukrainians to prepare for an increase in Russian attacks on the country’s infrastructure. The war-time president said his country could suffer attacks similar to the ones carried out by Vladimir Putin’s troops last year. About 10 months into Russia’s invasion, a string of attacks were carried out on power stations and other plants linked to the energy network, prompting rolling blackouts in widely separated regions. “We are almost halfway through November and we must be prepared for the possibility that the enemy may increase the number of drone or missile strikes against our infrastructure. Russia is preparing for winter,” the Ukrainian president said in his nightly address on Sunday. “And in Ukraine, all our attention should be focused on defence, on response to terrorists, on everything Ukraine can do to make it easier for our people to get through this winter and to increase the capabilities of our troops.” The warning comes shortly after Russian forces attacked Kyiv in the first-ever missile attack on the capital in nearly seven weeks. Strong explosions were heard, said Kyiv’s mayor Vitali Klitschko, adding that air defence systems were able to intercept the missiles, according to preliminary information. No casualties were reported. Russian strikes during last year’s winter offensive had left millions with no water and electricity in sub-zero temperatures. Moscow has already struck Ukrainian infrastructure 60 times in recent weeks, said Ukrainian officials. Energy minister German Galushchenko on Saturday, however, said Ukraine will have enough energy resources to get through winter. “The question is how much future attacks can affect supplies,” he said. Mr Zelensky also praised “heroic” efforts of troops defending Avdiivka, under pressure from attempted Russian advances since mid-October. The fighting has reduced much of the coking plant hub to a ghost town. While the attacks on Avdiivka slowed down in the past day, they are likely to intensify in the coming days, a military spokesperson said. “The enemy suffered significant losses the day before yesterday and has to regroup,” Oleksandr Shtupun, spokesperson for the southern group of forces, told national television. The number of infantry attacks were half of levels seen earlier in the week, he said. Moscow’s forces were “more active in the Bakhmut sector and trying to recover lost positions”, said General Oleksandr Syrskyi, the head of Ukraine’s ground forces. Russian accounts of the fighting on Sunday said its forces had repelled five Ukrainian attacks near Bakhmut. Read More Russia-Ukraine war: Mystery as Putin’s state media removes update on forces - live Ukraine destroys Russian landing boats in ‘significant loss’ for Putin Ukraine’s global ‘peace summit’ deferred to next year amid war in Gaza Analysis: Ukraine’s current frontline stalemate with Russia is hurting Kyiv Ramaswamy walks back moment he calls Zelensky ‘Nazi’ at GOP debate Ukraine moves step closer to EU membership as European Commission backs talks
2023-11-14 00:26
Germany Warns More Commercial Real Estate Pain Ahead
German’s top bank watchdog warned that lenders with large exposures to commercial real estate are in store for
2023-11-14 00:17
HSBC to Sell Retail, Wealth Businesses in Mauritius to Absa
HSBC Holdings Plc has agreed to sell its wealth offerings and retail and business banking businesses in Mauritius
2023-11-13 23:53
Yen Surges From Year’s Low as Traders Pin Move to Options Expiry
The yen jumped against the dollar, with analysts speculating it was partly the result of options expiring rather
2023-11-13 23:47
Supreme Court Seeks US Views on Billionaire Ross’s FIFA Suit
The US Supreme Court asked the Biden administration for input on a lawsuit accusing two soccer governing bodies
2023-11-13 23:23
Salesforce Names Denise Dresser CEO of Slack, Replacing Jones
Salesforce Inc. named Denise Dresser as the new chief executive officer of Slack, promoting a longtime internal executive
2023-11-13 23:20
Typical US Homebuyer Earns $107,000 and Is More Likely to be a Single Woman
The typical US homebuyer earns more money and is more likely to pay cash this year. And, increasingly,
2023-11-13 22:25