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Saturday, May 28, 2022
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World Bank boss warns over global recession
The head of the World Bank has warned that Russia's invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser jump.
China Opens Exchange Bond Markets to Overseas Investors
China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign inv...
Fewer Americans applied for jobless benefits last week
Applications for unemployment benefits fell by 8,000 to 210,000 for the week ending May 21, the United States Department of Labor reported Thursday.
US economy shrank by 1.5% in the first three months of 2022
But US consumers and businesses kept spending at a solid pace, according to government data released Thursday.
Blinken lays out US strategy to counter China as rivalry grows
Despite the current focus on Russia’s invasion of Ukraine, China poses the “most serious long-term challenge to the international order”, US Secretary of State Antony Blinken has said.
Despite pain at the pump, Americans are hitting the road
Heading into the US summer driving season, Americans are fueling up but how long before they have to hit the brakes?
UN rights chief Bachelet holds ‘valuable’ meeting with China’s President Xi
On day three of her official mission to China, top UN rights official Michelle Bachelet described having a “valuable opportunity” to highlight rights issues and concerns with President Xi Jinping and other senior officials, the first suc...
No need for preachers, Chinese leader tells UN human rights chief
Chinese President Xi Jinping defended his country's human rights record on Wednesday, telling a visiting UN official there is "no need for 'preachers' to boss around other countries."
Why Gen Z workers are already so burned out
The youngest employees are already feeling pressured and exhausted – even in the earliest stages of their careers.
Today's headlines
JD Sports founder Peter Cowgill ousted 'with immediate effect'
Sky's Ian King says the City has been shocked by Mr Cowgill's sudden departure despite a string of negative headlines and criticism he had too much control of the FTSE 100 company.
South Africa: No need for mass monkeypox immunisation – experts
The African continent has not recently recorded any confirmed or suspected of cases of monkeypox, unlike Europe and the United States.
Police raid leaves at least 22 dead in Rio de Janeiro
At least 22 people have died in the bloody aftermath of a raid carried out by Rio de Janeiro's military police on Tuesday.
Ukraine invasion may be start of ‘third world war’, says George Soros
Veteran philanthropist tells World Economic Forum civilisation ‘may not survive’ what is coming
Former Trump Lawyer Reveals Ex-President Was Paranoid of Getting "Pied": Report
Former US President Donald Trump was paranoid during his tenure as President, of being hit in the face with a pie.
Quad offers maritime security plan, $50bn in aid to counter China
Leaders of US, Japan, India and Australia unveil Indo-Pacific maritime surveillance plan, pledge $50bn in infrastructure investment in bid to counter China.
Monkeypox: Can it be treated and how worried should we be?
Dr Khan looks at the new outbreak of an old virus that has been detected in about a dozen countries in two weeks.
Powell: ‘Soft’ economic landing may be out of US Fed’s control
Powell has portrayed the Fed’s drive to raise interest rates as consistent with a so-called ‘soft landing’ for the United States economy.
‘Criminal in any other setting’: do fans pose a threat to NBA and MLB stars?
There have been several high-profile confrontations between fans and players in recent months. Some believe a deeper unrest is behind such incidents
Davos is back and the world has changed. Have the global elite noticed?
The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society's biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The econom...
Davos is dead
Amid a pandemic and a cost of living crisis, the people have no patience left for the virtue signalling of the Davos set.
Cost of living: Bank of England chief hits back at criticism it has 'stoked inflation'
Andrew Bailey uses a speech to reject criticism from predecessor Lord King in an interview with Sky News that the Bank, and others, were guilty of a mistake that amounted to a "failure of the economics profession".
Germany is keen to pursue gas projects with Senegal, says Scholz
Germany wants to intensively pursue gas and renewable energy projects with Senegal, Chancellor Olaf Scholz said on Sunday during his first trip to Africa, against the backdrop of the war in Ukraine and its impact on energy and food prices.
Dubai charity to cooperate with WEF to establish platform for Food Innovation Hubs
As per an agreement signed between MBRGI and WEF, Dubai will be the international headquarters for the annual meeting of the Food Innovation Hubs
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