Shelved Junk Debt Sales Signal a Tough and Pricey Market
A handful of European companies have stepped away from their plans to sell junk debt recently, underscoring the
2023-10-13 16:22
Toyota, Idemitsu to Mass-Produce Solid-State Batteries
Toyota Motor Corp. and Idemitsu Kosan Co. are jointly developing the technology and manufacturing facilities needed to mass-produce
2023-10-13 16:16
Ukraine holds out as Russia steps up relentless assault on Avdiivka: ‘The enemy does not stop’
The Ukrainian military continues to hold its ground in the face of Russia’s relentless assault on the eastern city of Avdiivka, Volodymyr Zelensky, as the battle intensified for a third day. Russia has moved a large armoured column of three battalions, including some 2,000 troops, dozens of armoured vehicles and jets into the northern flank of the Avdiivka front for what has been described as the biggest military offensive in months. The Ukrainian forces said they repelled more than 20 attacks by the Russian army in Avdiivka and the surrounding regions in the past 24 hours, in what was described as a blow to Moscow’s attempts to use the offensive to show the tide of the war turning in its favour. Mr Zelensky said: “Avdiivka. We are holding our ground. It is Ukrainian courage and unity that will determine how this war will end. We must all remember this.” Municipal officials said the Russian attacks were relentless and the enemy was attacking from all sides. Vitaliy Barabash, head of the city military administration, told Ukrainian television: "The enemy does not stop storming, they come from all directions." Ukrainian Special Operations Forces said Kyiv’s troops had "foiled the plans of the crazed enemy, repelled all attacks and held their positions". Avdiivka holds significant strategic importance for Russia, serving as the crucial gateway to Donetsk, the primary communication hub within the occupied territories. To gain a foothold in occupied Donbas, the Kremlin aims to shift the front line away from Donetsk. In 2022, Russian forces initiated an offensive against Avdiivka, attempting to encircle the city deeply from both sides. This offensive was halted and the region has become a symbol of resistance, holding out against Russian troops ever since. "On average, there are 50-60 instances of intense shelling with artillery and rockets targeting the town," said Mr Barabash. "As for military positions, they get hit at least 500-600 times a day." Oleksandr Shtupun, a spokesperson for Ukraine’s southern group of forces, said Russia saw Avdiivka as an opportunity to win a significant victory and "turn the tide of fighting". "Today the capture or encirclement of Avdiivka is probably the most it can achieve at this stage," he said. Geolocated footage of the area showed Russia had advanced in some villages southwest and northwest of Avdiivka this week, according to the Institute for the Study of War (ISW), an American non-profit research group and think-tank. Around 64 clashes have been reported in the last 24 hours involving 4 missile attacks, 65 airstrikes and around 54 attacks using multiple launch rocket systems on Ukrainian troops and various settlements, the general staff of the Armed Forces of Ukraine said in an update on Facebook. In the latest overnight attacks, Russia intensified strikes on Danube River ports in the southern Odesa region that have become Kyiv’s main route for food exports since Moscow quit a deal allowing shipments via the Black Sea in July. A military spokesperson said Russia had hit a grain storage facility in the Odesa region and some grain had been damaged but did not say how much. It comes amid fears that Moscow will intensify attacks on power infrastructure to freeze Ukrainians as winter sets in in the repeat of events from last winter. Read More IOC bans Russian Olympic Committee for including annexed Ukraine territories French police probe ‘poisoning’ of TV journalist who denounced Putin’s war live on air Ukraine-Russia war – live: IOC bans Russian Olympic Committee for including annexed territories The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
2023-10-13 15:59
Swedish Inflation Persists, Paving Way for More Tightening
Sweden’s core inflation rate declined less than expected in September, adding to arguments in favor of a final
2023-10-13 15:56
Billionaire Jim Ratcliffe Leads Race to Invest in Manchester United
Jim Ratcliffe is emerging as the frontrunner to buy into English football giants Manchester United Plc, people with
2023-10-13 15:48
China’s Export Slump Eases as Beijing Tries to Boost Outlook
The drop in China’s exports moderated further in September, adding to cautious optimism that some parts of the
2023-10-13 15:25
Singapore’s RV Capital Plans Foray Into Private Credit in India
RV Capital Management Pvt.’s India unit plans to raise 8 billion rupees ($96.1 million) through its first India
2023-10-13 14:58
India Far From Replacing China as Global Growth Engine, HSBC Says
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic
2023-10-13 14:51
Skyrocketing Onion Prices Drive Up South African Barbecue Index
Celeste Moyanga, who sells barbecued chicken feet from her stall on a Johannesburg sidewalk, has resorted to buying
2023-10-13 14:25
Funding Women and Child Health Key to African Equity, GFF Says
As lower-income countries grapple with declines in maternal and child well-being, the Global Financing Facility plans to secure
2023-10-13 13:55
Swedish Nationalists Mull New Nuclear Firm to Rival Vattenfall
The Swedish government’s key coalition partner is ratcheting up pressure on Vattenfall AB to expand nuclear power production
2023-10-13 13:47
French police probe ‘poisoning’ of TV journalist who denounced Putin’s war live on air
French police are investigating the suspected poisoning of a Russian state TV journalist who denounced Vladimir Putin’s invasion of Ukraine live on air and later fell suddenly ill. Marina Ovsyannikova, who escaped Russia after her on-air protest and settled in France, reported feeling suddenly ill as she left her Paris apartment and was hospitalised after she called emergency services. She said she suspected she was poisoned, the Paris prosecutor’s office said, adding that they were examining her apartment and an investigation was underway. Ovsyannikova, who worked for Russian state television’s Channel One before the war began, drew international headlines in March 2022 when she appeared on screen in the background of a live broadcast by another news anchor and flashed a sign that said: "Stop the war, don’t believe the propaganda, they are lying to you here." She was fined 30,000 roubles (£460) for her protest but continued her opposition to the war. During a subsequent solo protest in Moscow, she held up a poster which read: “Putin is a murderer, his soldiers are fascists.” She was then arrested and put under house arrest in August before she fled along with her daughter in the dark of the night. Media watchdog Reporters Without Borders (RSF), which assisted Ovsyannikova in her efforts to escape a lengthy trial in Moscow and potentially a prison sentence, helped her settle in Paris. Christophe Deloire, director general of RSF, said he met Ovsyannikova after her malaise outside her Paris apartment. Deloire, writing on X, said the possibility Ovsyannikova had been poisoned had not been ruled out, though she was feeling better since the incident. “We have opened an investigation,” a spokesperson for the Paris tribunal prosecutor’s office said by telephone,” he said. “She said she had a malaise.” “All we have for the moment is what she said.” RSF said its team has been ‘’at her side" since she sought medical attention, though they have not disclosed any further details regarding the incident. Earlier this month, a Moscow court sentenced Ovsyannikova in absentia to eight and a half years in prison for spreading false information about the Russian military. Her sentencing was the latest example of Russia’s crackdown on dissenting voices in the country, which has intensified since Russia launched its invasion of Ukraine around 20 months ago. Russia has called its attack on Ukraine a “special military operation” and banned organisations or the media from referring to it as a war or invasion. Read More FA slammed over decision not to light up Wembley in Israel flag colours Russian state TV journalist who spoke out against war live on air recounts daring escape from country Could Putin be arrested? President to leave Russia for first time since international arrest warrant issued
2023-10-13 12:57