List of All Articles with Tag 'world'

British lenders are facing a “pain game” as interest rate hikes hurt the outlook for both loans and

FedEx Corp. gave a 2024 profit outlook below analyst expectations as a drop in package demand offsets Chief

South African inflation slowed to a 13 month-low, easing pressure on the central bank to continue raising interest

Singapore, Indonesia and Malaysia may face the most severe haze in at least five years due to the

Watch live as Britain hosts the latest Ukraine Recovery Conference. The international event, which runs in London on 21 and 22 June, is focused on the recovery and reconstruction of the war-torn nation and will be attended by governments, international organisations and the private sector. Rishi Sunak and Ukrainian president Volodymyr Zelensky will open the session, before a speech from Denys Shmyhal, Ukraine’s prime minister. “As we’ve seen in Bakhmut and Mariupol, what Russia cannot take it will seek to destroy. They want to do the same to Ukraine’s economy,” Mr Sunak will say. “President Zelensky’s government is determined to drive reforms to become more open, more transparent and ready for investment. This is a vibrant, dynamic, creative, European country that refuses to be subdued.” Other speeches throughout the conference will focus on the scale of recovery, investment in Ukraine’s capital recovery and “building back better” in the energy sector. Read More Budget 2022: Hunt says UK in recession as he announces huge tax rises Jeremy Hunt increases energy windfall tax in budget Jeremy Hunt freezes tax allowances and hits 45p rate payers

Most UK mortgage borrowers can cope at current interest rates and warnings of a housing crisis are overblown,

Traders ramped up bets for further Bank of England interest-rate hikes after another shock inflation reading, pricing the

Finnish central bank Governor Olli Rehn joined the race for the president of the Nordic country in the

One person has died and seven have been wounded after Vladimir Putin’s troops fired at rescue workers in the southern city of Kherson, Kyiv has said. Russian forces fired at rescuer workers who were clearing mud from flood-hit Kherson and seven people were wounded, Andriy Yermak, head of the president’s office, said on the Telegram messaging app. Meanwhile, Interior Minister Ihor Klymenko stated in a separate post that eight of the rescuers were wounded. Russia denies targeting civilians. The collapse of the Kakhovka hydro-electric dam on 6 June unleashed floodwaters across southern Ukraine and Russian-occupied areas of the Kherson region, killing more than 50 people and destroying homes and farmland. Ukraine accuses Russia of blowing up the Soviet-era dam, under Russian control since the early days of its invasion. The Kremlin accused Kyiv of sabotaging the hydroelectric facility. Elsewhere, four of Putin’s attack helicopters have been shot down by Ukrainian air defences in the past week, Kyiv claims. Mykola Oleshchuk, commander of the Ukrainian air force, said a Russian Ka-52 helicopter was hit by an anti-aircraft missile above Ukraine’s eastern Donetsk region at 11pm on Monday. Read More Pentagon accounting error provides extra $6.2 billion for Ukraine military aid A brief history of Putin’s love for nuclear weapons Ukraine said to have recaptured village in Zaporizhzhia – as fierce fighting continues across frontline

Traders raised bets on further European Central Bank interest-rate hikes after a hotter-than-expected inflation print in the UK

US president Joe Biden labelled Xi Jinping a dictator during a political fundraiser in California on Tuesday night. The comments came a day after US secretary of state Antony Blinken visited Beijing to stabilize bilateral relations, that China said was at its lowest point since formal ties were established. Mr Biden also said Mr Xi was very embarrassed when a suspected Chinese spy balloon was blown off course over the US airspace early this year, making the remark about the Chinese leader when Mr Blinken said on Monday the "chapter" should be closed. It was, however, unclear why Mr Biden made the comment about his Chinese counterpart. "The reason why Xi Jinping got very upset in terms of when I shot that balloon down with two box cars full of spy equipment in it was he didn’t know it was there," Mr Biden said. "That’s a great embarrassment for dictators. When they didn’t know what happened. That wasn’t supposed to be going where it was. It was blown off course," Mr Biden added. Mr Biden also said China "has real economic difficulties". While Mr Xi, who met with US’s top diplomats on Monday, has not publicly responded to Mr Biden‘s comments, but they are unlikely to go down well in Beijing and could jeopardise efforts by both countries to bring their relationship back to a more stable footing after the balloon incident. Earlier, Mr Blinken and Mr Xi agreed in their meeting to stabilize the intense rivalry between Washington and Beijing so it did not veer into conflict, but failed to produce any breakthrough during the secretary of state’s rare visit to China. Mr Biden however, praised Mr Blinken’s work in attempting to repair the relationship between the two countries, adding that it would take time. Mr Biden told the fundraiser that US climate envoy John Kerry may go to China “pretty soon”. Mr Biden said he thought relations between the two countries were on the right path, and he indicated that progress was made during Mr Blinken’s trip – the first such visit by the US secretary of state in the last five years. “We’re not going to have success on every issue between us on any given day, but in a whole variety of areas, on the terms that we set for this trip, we have made progress and we are moving forward,” Mr Blinken said in Beijing on Monday. A day later, Mr Biden said that Mr Xi had been concerned by the so-called Quad strategic security group, which includes Japan, Australia, India and the United States. The US president said he previously told the Chinese counterpart that the US was not trying to encircle China with the Quad. "He called me and told me not to do that because it was putting him in a bind," Mr Biden said. “We’re just trying to make sure the international rules of air and sea lanes remain open.” Later this week, Mr Biden will meet Indian prime minister Narendra Modi and China is expected to be a topic of discussion between the two leaders. Additional reporting from the wires Read More Why haven't China and the U.S. agreed to restore military contacts? Modi US visit: Amnesty calls for human rights to be central in talks with Joe Biden Biden-Modi relationship built around mutual admiration of scrappy pasts, pragmatic needs US and China hold top-level talks, but their rivalry remains unchecked Biden is ready to fete India's leader, looking past Modi's human rights record and ties to Russia

Revenue among Taiwan’s major Apple Inc. suppliers fell for a fourth straight month in May, as high living