BEIJING (Reuters) -China’s ruling Communist Party’s 20th party congress will run for one week from Oct. 16-22 and will amend the party’s constitution, a party spokesman said on Saturday. President Xi Jinping is poised to win a third five-year term as t…
One in 5 Britons heading for mortgage pain – think-tank
LONDON (Reuters) – One in five families in Britain will take a financial hit from having to pay more for their mortgages between now and 2024 with about a quarter of the increase caused by the recent market turmoil, a think-tank said on Saturday. The R…
Saudi Arabia announces $400 million humanitarian aid to Ukraine
(Reuters) – Saudi Arabia will provide $400 million in humanitarian aid to Ukraine, Saudi state news agency SPA said, adding that Crown Prince Mohammed bin Salman made a phone call to Ukrainian President Volodymyr Zelenskiy on Friday. The crown prince e…
Motorola rejects UK regulator’s claim of radio network-monopoly profit
(Reuters) -Britain’s competition regulator said on Friday that Motorola Solutions’ monopoly for its emergency mobile radio communications services in the country led to high charges, boosting its profits, a claim the U.S-based company rejected. The UK’…
Khamenei warns Islamic Republic is a ‘mighty tree’ that cannot be uprooted
By Parisa Hafezi DUBAI (Reuters) -Iran Supreme Leader Ayatollah Ali Khamenei on Friday said that no one should dare think they can uproot the Islamic Republic, in his toughest warning to protesters since Mahsa Amini’s death in police custody ignited na…
S&P downgrades Telecom Italia to ‘B+’ on weak macro environment
(Reuters) – S&P Global said on Friday it had cut the credit rating of Telecom Italia (TIM) to “B+” from “BB-” citing a weak macroeconomic environment. The credit rating agency said the outlook was negative and that TIM must address large debt maturitie…
Sterling tumbles as UK turmoil escalates; dollar surges to new 32-year high vs yen
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling fell sharply against the U.S. dollar on Friday after British Prime Minister Liz Truss fired her finance minister and scrapped parts of their economic package that has caused havoc in UK financia…
Ukraine completes exhumation of soldiers at Lyman mass grave
(Reuters) – Ukrainian investigators have completed the exhumation of soldiers in one of two mass graves discovered after Russian troops retreated from the town of Lyman in eastern Donetsk region, police said on Friday. “Police have removed the bodies o…
UK PM Liz Truss’s tumultuous first six weeks in office
LONDON (Reuters) – British Prime Minister Liz Truss is fighting for her political survival less than 40 days into her premiership. The following is a timeline of her first six weeks in office: SEPT. 5 – TRUSS WINS LEADERSHIP CONTEST Truss is elected Co…
Burkina Faso names coup leader Traore as transitional president
OUAGADOUGOU (Reuters) -Burkina Faso’s military officials, political parties and civil society leaders on Friday officially designated army captain Ibrahim Traore as the country’s transitional president, two weeks after he seized power in Burkina Faso’s…