PARIS (Reuters) – The French economy will slow sharply next year in the face of Europe’s energy crisis, with a risk of a “limited and temporary” recession in the worst-case scenario, the central bank said on Thursday. The euro zone’s second-biggest eco…
Rugby-‘Voice of Welsh rugby’ Butler dies aged 65
(Reuters) – Former Wales rugby captain and television commentator Eddie Butler died at the age of 65 while on a charity walk for prostate cancer in Peru, the Welsh Rugby Union (WRU) said on Thursday. A number eight who played 16 times for Wales and als…
Monte dei Paschi shareholders approve seventh cash call in 14 years
MILAN (Reuters) – Shareholders in state-owned Monte dei Paschi di Siena (MPS) on Thursday approved a 2.5 billion euro ($2.5 billion) cash call. Here is a timeline of key events in the recent history of MPS, whose origins can be traced back to the 15th …
World Bank’s Gill worried about ‘generalized stagflation’ in global economy
WASHINGTON (Reuters) -World Bank Chief Economist Indermit Gill on Thursday said he was concerned about “generalized stagflation,” a period of low growth and high inflation, in the global economy, noting the bank had pared back forecasts for three-fourt…
Britain’s Charles speaks to Saudi king, other world leaders
LONDON (Reuters) – Britain’s King Charles spoke to world leaders including Saudi Arabia’s King Salman bin Abdulaziz Al Saud, who expressed condolences for the death of his mother Queen Elizabeth, a spokesman for the new monarch said on Thursday. Charle…
Von der Leyen: Supporting Ukraine is costly, but freedom is priceless
KYIV (Reuters) – Supporting Ukraine comes at a high cost, but freedom is “priceless,” European Commission chief Urszula Von der Leyen said on Thursday amid soaring inflation and high energy prices in Europe. The EU’s sanctions on Russia are having a de…
IMF sees further global economic slowdown in third quarter
By Andrea Shalal WASHINGTON (Reuters) -Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global recession, IMF spokes…
Meta Oversight Board objects to removing positive newspaper report on Taliban
(Reuters) – Meta Platforms Inc’s independent Oversight Board said on Thursday that Facebook should not have taken down a newspaper report about the Taliban that it considered positive, backing users’ freedom of expression and saying the tech company re…
Putin acknowledges China’s concerns over Ukraine in sign of friction
By Max Hunder KYIV (Reuters) – Russian President Vladimir Putin said on Thursday he understood China’s Xi Jinping had concerns about the situation in Ukraine, a surprise acknowledgement of friction with Beijing over the war after a week of stunning Rus…
World Bank sees rising risk of global recession in 2023
WASHINGTON (Reuters) – The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday. The world’s three largest economies – the Uni…