(Reuters) – Russian missiles and shells hit Ukrainian positions in several regions and there was no let up in heavy fighting in Donetsk in the east, the Ukrainian military said on Thursday night as Moscow’s occupying forces appeared more active. FIGHTI…
Oil falls on fading demand hopes as China sticks to strict COVID plan
By Florence Tan and Mohi Narayan SINGAPORE (Reuters) -Oil prices fell more than $1 a barrel on Monday after Chinese health officials on the weekend reiterated their commitment to a stringent COVID containment approach, dashing hopes of a rebound in oil…
PostNL warns of growing at inventory at online retailers
(Reuters) -The CEO of Dutch mail company PostNL on Monday said business is suffering from high inflation and low consumer confidence, leading to fewer packages being sent. The company, which was reporting third-quarter earnings that confirmed an Octobe…
Bank of England’s recession warning turns spotlight to UK budget plan
By William Schomberg LONDON (Reuters) -The risk of a two-year recession in Britain, flagged this week by the Bank of England, underscores the high stakes for Prime Minister Rishi Sunak and his finance minister Jeremy Hunt as they prepare to announce ma…
Ukraine says Russia forces pillage, occupy Kherson homes ahead of battle
By Tom Balmforth KYIV (Reuters) – Ukraine accused Russia on Monday of looting empty homes in the southern city of Kherson and occupying them with troops in civilian clothes to prepare for street fighting in what both sides predict will be one of the wa…
North Korea slams South Korea-U.S. drills as South recovers missile parts
By Hyonhee Shin and Josh Smith SEOUL (Reuters) -North Korea’s military said on Monday that recent South Korea-U.S. military exercises were an “open provocation and dangerous war drill”, as the South said it had recovered parts of a North Korean missile…
Jeremy Hunt set to outline 60 billion pound in tax rises and spending cuts -The Guardian
(Reuters) – British finance minister Jeremy Hunt will set out tax rises and spending cuts totalling 60 billion pounds ($67.82 billion) in his autumn statement under current plans, including at least 35 billion pounds ($39.56 billion) in cuts, The Guard…
British PM to raise hunger striker Abd el-Fattah’s case during COP27
CAIRO (Reuters) – British Prime Minister Rishi Sunak has said he will raise the case of Egyptian-British hunger striker Alaa Abd el-Fattah with Egypt’s leadership during the COP27 climate summit that opened on Sunday, the same day Abd el-Fattah said he…
Germany earmarks $83 billion for gas, power price cap in 2023 -draft
BERLIN (Reuters) – Germany will spend 83.3 billion euros ($83 billion), or 42% of a major protection scheme launched last month, to finance a cap on gas and power prices in 2023 in a bid to protect Europe’s top economy, according to a draft proposal se…
TIM top investor Vivendi keen to discuss network plan with govt – sources
MILAN (Reuters) – Telecom Italia’s (TIM) top investor Vivendi is keen to start talks with Italy’s new right-wing government on a new plan to create a national broadband company, people close to the French media conglomerate said on Sunday. Debt-laden T…