By Crispian Balmer ROME (Reuters) – One hundred years after Benito Mussolini grabbed power in Rome, his photograph still hangs in the prime minister’s official residence, striking evidence that Italy has yet to shake off its fascist legacy. While Germa…
Euro zone credit growth rises again, despite gloomy outlook
FRANKFURT (Reuters) – Bank lending to euro zone companies accelerated further in September, extending the sector’s biggest borrowing binge in over a decade, despite rising interest rates and a looming recession, European Central Bank data showed on Wed…
Global economy approaching a recession, central banks unchained – Reuters poll
By Hari Kishan BENGALURU (Reuters) – The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflati…
Global firms urge governments to require mandatory disclosures on nature
By Juliette Portala (Reuters) – Over 330 businesses on Wednesday urged world leaders to force large companies to assess and disclose their impact on nature by 2030, ahead of the COP15 global talks on biodiversity in December. Signatories of the COP15 B…
Former Ukraine POWs recall fainting from hunger in Russian captivity
By Felix Hoske KYIV (Reuters) – Alina Panina, a Ukrainian prisoner of war freed last week, recalls women fainting from hunger as they took the 15 minutes of permitted daily exercise during their months-long detention by Russian forces. Panina, 25, was …
New UK PM Rishi Sunak promises “steadfast” support for Ukraine
LONDON (Reuters) – British Prime Minister Rishi Sunak promised his Ukrainian counterpart Volodymyr Zelenskiy on a call that the UK’s support for Ukraine would be steadfast and “as strong as ever under his premiership,” a Downing Street spokesperson sai…
Spotify profit margins squeezed by slow ad growth; stock sinks
By Dawn Chmielewski (Reuters) -Spotify Technology SA on Tuesday said third-quarter profit margins were squeezed by slow advertising growth, fanning concerns about the weak global economy’s effect on digital advertising. Spotify shares slid 4% in after-…
Google-parent Alphabet misses estimates for quarterly revenue
(Reuters) – Google-parent Alphabet Inc missed market estimates for quarterly revenue on Tuesday as advertisers cut back on their spending in the face of an economic slowdown. The company said total revenue was $69.09 billion in the third quarter ended …
New Italian PM Meloni sees tough times, denounces Russian “blackmail”
By Angelo Amante and Alvise Armellini ROME (Reuters) – Giorgia Meloni, Italy’s first woman prime minister, vowed on Tuesday to steer the country through some of the hardest times since World War Two and to maintain support for Ukraine in its conflict w…
Griner’s lawyer hopes she can be exchanged in U.S.-Russia prisoner swap
KRASNOGORSK, Russia (Reuters) – U.S. basketball star Brittney Griner’s Russian lawyer said on Tuesday that she and her team hoped she could be released in a prisoner exchange with the United States. Speaking to reporters after an appeal court near Mosc…