China Asks Some Big Banks to Cap Rates on Short-Term Funding
China told a handful of nationwide lenders to cap interest rates on interbank funding, people familiar with the
2023-11-17 20:51
Argentina’s Heartland Shows Quandary of Election Choice Few Want
Marcela Moreno, a preschool teacher in the central Argentine province of Cordoba, voted for libertarian economist Javier Milei
2023-11-17 19:59
Meloni Says Italy’s Asylum Plan Could be European Model
Italy’s European partners have expressed interest in its deal to hold migrants in Albania and process their asylum
2023-11-17 19:54
Russia-Ukraine war – live: Kyiv adds to losses of Putin’s forces in ‘successful’ strikes along Dnipro River
Ukrainian troops have conducted a “series of successful operations” against Putin’s troops following a breakthrough on the eastern bank of the River Dnipro. In a statement, the Ukrainian Marines said they had established several bridgeheads across the river in the Russian-occupied part of Kherson region and were continuing to carry out operations. It comes as Russia intensified its strikes on Ukrainian ports overnight, including Odessa. The Ukrainian air force said it downed nine out of 10 Iranian-made Shahed drones over Mykolayiv and Odessa. Meanwhile, Ukraine forced Russia’s naval fleet to pull back in the eastern part of the Black Sea, president Volodymyr Zelensky has claimed. “For the first time in the world, it was in the Black Sea that a fleet of naval drones began to operate – a Ukrainian fleet,” Mr Zelensky wrote on Telegram. “I would also like to note that now – as one of the main results of our actions – Russia is unable to use the Black Sea as a springboard to destabilise other regions of the world.” Read More David Cameron meets Zelensky in Ukraine in first visit as foreign secretary – and praises Boris Johnson In Russia, more Kremlin critics are being imprisoned as intolerance of dissent grows Russian court convicts a woman for protesting the war in Ukraine in latest crackdown on free speech Bombs, betrayal and burying loved ones: Plight of one Ukraine village illustrates toll of Russia’s invasion
2023-11-17 19:54
Angola Opens Bids for Operator of $3 Billion Luanda Airport
Angola will open a tender on Friday to operate a newly-built international airport in Luanda for as much
2023-11-17 19:28
South African Export Route to Mozambique Shut as Violence Erupts
The road leading to South Africa’s main border with Mozambique, a key export route for coal and chrome,
2023-11-17 19:18
ECB’s Holzmann Says Rate Cut in Second Quarter Would be Too Soon
The European Central Bank won’t cut interest rates in the second quarter, Governing Council member Robert Holzmann said,
2023-11-17 19:17
India Financial Stocks Slump on RBI’s ‘Draconian’ Loan Rules
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic
2023-11-17 18:57
Iceland volcano – live: Eruption likely scientists warn as country’s ‘biggest bulldozer’ builds defences
A volcanic eruption could destroy the Icelandic town of Grindavik or lead to extensive ash clouds, experts have warned. The country has been shaken by more than 800 small earthquakes, prompting fears that the tremors could disrupt the Fagradalsfjall volcano on the Reykjanes peninsula in the southwest of the country. Scientists have said an eruption at some point is ‘likely’. It comes as a Caterpillar D11 - said to be Iceland’s biggest bulldozer - has been dispatched to help build defences. The huge piece of equipment is constructing trenches to reduce the damage caused by any eventual disaster. Almost 4,000 people were evacuated from Grindavik over the weekend as authorities feared that molten rock would rise to the surface of the earth and potentially hit the coastal town and a geothermal power station. Ragga Agustsdottir, who lives close to Grindavik, said residents were fearful of what could happen if an eruption struck. Scientists have warned Iceland’s south-western peninsula could face “decades” of volcanic instability following eruptions along the peninsula. Read More Biggest volcanic eruptions in the last 10 years as Iceland town faces devastation ‘It’s like a dystopian movie’: Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat Iceland earthquakes: Are flights still running amid fears of volcano eruption? Is it safe to travel to Iceland? Your rights if you have a holiday booked
2023-11-17 18:52
Boeing Is at Risk for Still More Delays — and Losses — for Costly Air Force One Planes
The US Air Force is reevaluating the schedule for delivery of the two new planes for the presidential
2023-11-17 18:50
Traders Bet on ECB Rate Cuts Next Year
Europe’s sputtering economy is causing traders to bet on a faster pace of interest rate cuts next year.
2023-11-17 18:25
US Removal of Chinese Lab From Entity List Marks Rare Reversal
The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal
2023-11-17 14:46