Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials. Americans boosted their spending at stores and for services, such as haircuts, by 0.4 percent in August, […]
Nicaragua will not allow the new United States ambassador to enter the country due to his “interfering” attitude, Vice President Rosario Murillo has reiterated, amid months of escalating tensions between the two nations. The US envoy, Hugo Rodriguez, “will not under any circumstances be admitted […]
Hurricane Ian could be the deadliest storm to ever hit Florida, according to US President Joe Biden. The Category 4 storm lashed the state with winds of up to 250km (155 miles) an hour. Scientists blame what they call “rapid intensification” for making the hurricane […]
United States stocks slumped further this week as investors navigated a barrage of bad news. Central banks around the world have been scrambling to fight soaring high inflation by increasing the cost of borrowing without hurting long-term growth prospects. Adding to the uncertainty and fear […]
Norway has announced it will receive help from the United Kingdom, Germany and France to patrol the seas around its oil and gas platforms, following major leaks blamed on sabotage on the subsea gas pipelines from Russia to Europe. Russia’s Nord Stream 1 and Nord […]
United States regulators have unveiled a plan to allow foreign baby formula manufacturers to stay on the market long term, an effort to diversify the nation’s tightly concentrated industry and prevent future shortages. On Friday, the Food and Drug Administration said recent entrants to the […]
Burkina Faso army Captain Ibrahim Traore has deposed military leader Paul-Henri Damiba and dissolved the government and suspended the constitution and transitional charter, he said in a statement read on national television. Traore said on Friday evening that a group of officers had decided to […]
Ukraine, Western countries and the United Nations have denounced Russian President Vladimir Putin’s move to proclaim the annexation of four partially occupied Ukrainian provinces. Donetsk, Luhansk, Kherson and Zaporizhia were formally declared part of Russia on Friday, in a major escalation in the war that […]
The United States has unleashed a new round of sanctions against hundreds of Russia-linked firms and officials over Moscow’s annexation of Ukrainian territories, which President Joe Biden has called a show of “contempt for peaceful nations”. The Department of the Treasury on Friday targeted nearly […]
The Reserve Bank of India raises its benchmark repo rate by 50 basis points on Friday, the fourth straight increase, as policymakers extend their battle to tame stubbornly high inflation and analysts say further tightening is on the cards. The monetary policy committee (MPC), comprising […]
