Explainer-Understanding Ethereum's Major "Merge" Upgrade
Ethereum, the blockchain that underpins the world's second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions.
Oil Supported By Supply Threats, But Heads For Weekly Drop On Demand Fears
Oil prices rose on Friday as investors considered Russia's threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks' aggressive rate hikes and China's COVID-19 curbs weighed on demand.
Asia Shares Edge Higher As Dollar Eases
Asian shares crept higher as the dollar eased, with markets turning calmer after a record interest rate hike from the European Central Bank and hawkish comments from the U.S.
EU Countries Seek Emergency Solution To Soaring Energy Bills
European Union countries' energy ministers meet on Friday to search for solutions from a long list of possible measures to shield citizens from sky-high energy prices as winter approaches.
N.Korea Makes Nuclear Weapons Policy 'Irreversible' With New Law - KCNA
North Korea passed a law enshrining the right to use preemptive nuclear strikes to protect itself, a move leader Kim Jong Un said makes its nuclear status "irreversible" and bars any denuclearisation talks, state media reported on Friday.
Charles, Britain's Conflicted New Monarch
With the death of his mother Queen Elizabeth on Thursday, Prince Charles has finally become king of the United Kingdom and 14 other realms, ending a wait of more than 70 years - the longest by an heir in British history.
South Carolina Senate Moves To Further Restrict Access To Abortions
The South Carolina Senate on Thursday approved a bill tightening an abortion ban that is blocked by the state's highest court, following two days of fierce debate between anti-abortion Republicans and more moderate lawmakers from both parties.
U.S. Supreme Court's Gorsuch Allows Enforcement Of $155 Million Award Against Sunoco
U.S. Supreme Court Justice Neil Gorsuch on Thursday rejected Sunoco LP's request to block efforts to enforce a $155 million judgment against the fuel retailer in a lawsuit accusing it of failing to pay interest on late payments to 53,000 oil-well owners across Oklahoma.
Analysis-U.S. Ban On Nvidia, AMD Chips Seen boosting Chinese Rivals
The U.S. ban on exports to China of Nvidia and AMD's flagship artificial intelligence chips will create new business opportunities for domestic startups jockeying for a piece of China's fast-growing data center chip market, industry executives and analysts told Reuters.
Front-loading Rate Hikes Key To Fend Off Entrenched Inflation, Says Bank Of Canada
Front-loading interest rate hikes is a key strategy for the Bank of Canada as it battles the fastest rising prices in nearly four decades, a senior official said on Thursday, warning there was an ongoing risk of high inflation becoming entrenched.
Biden To Host Food Security Summit At U.N. Later In September
U.S. President Joe Biden will co-host a food security summit later in September while in New York for the annual gathering of world leaders at the United Nations, U.S.
Banks Lead European Stocks Higher After Record ECB Rate Hike
European shares rose on Thursday led by gains in bank stocks after the European Central Bank delivered its biggest-ever interest rate hike to combat inflation, which is running at a half-century high and approaching double-digits.
VW Boss Hails 'Huge Interest' In Porsche IPO, Plays Down His Dual Role
The planned listing of Porsche AG has generated huge investor interest, Volkswagen and Porsche Chief Executive Oliver Blume said on Thursday, playing down concerns over how he will manage both companies following the IPO.
Fed's Powell Hopeful Inflation Can Be Tamed Without Pain Of Volcker Era
The Federal Reserve is "strongly committed" to fighting inflation, but there remains hope it can be done without the "very high social costs" involved in prior campaigns to control surging prices, Fed Chair Jerome Powell said on Thursday.
Bond Issuance Spree As U.S. Companies Rush Before More Rate Hikes
Companies with the highest credit ratings in the world are engaged in a now-or-never U.S.
Turkey's Kingmaker Party Keeps Options Open Ahead Of Erdogan's Election Test
A pro-Kurdish party set to play a key role in Turkish elections next year said it is open to talks with other opposition parties on finding a joint candidate who could end President Tayyip Erdogan's two decades in power.
Exclusive-German Economy Ministry Reviews Measures To Curb China Business
Germany's economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia's economic superpower, two people familiar with the matter told Reuters.
Pakistan Court To Indict Ex-PM Khan For Contempt Of Court - Lawyer
A Pakistani court ruled on Thursday that it will indict former Prime Minister Imran Khan on charges of contempt of court, his lawyer and local broadcasters said, which could lead to his disqualification from politics if convicted.
European Equity Funds See Biggest Outflows Since Brexit Referendum
Investors are dumping European stocks this year, seeking to minimise exposure to a region buffeted not merely by soaring inflation but also an energy crisis wrought by the Ukraine-Russia conflict.
Exclusive-New Law Helps U.S. Firm Launch Wyoming Direct Air Carbon Capture Project
A Los Angeles-based company kicked off on Thursday what it said will be the first large-scale direct air capture (DAC) project to capture and store 5 million tons of carbon dioxide per year by 2030, benefiting from new U.S.
Britain Goes Big To Ease Energy Shock, EU Meets On Friday
Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis that has Europe and Russia squaring off in a deepening economic war.
Oil Prices Near Eight-month Lows On Demand Concerns
Oil prices edged higher on Thursday, but remained near eight-month lows, as China's extension of COVID-19 lockdown measures exacerbated concerns a slowdown in global economic activity would hit fuel demand.
Futures Head Lower Ahead Of Powell's Speech
U.S. stock index futures slipped on Thursday after a broad market rebound in the previous session, with investors looking ahead to Federal Reserve Chair Jerome Powell's speech for clues on monetary policy tightening plans.
Family Rush To Be With Queen Elizabeth As Doctors Voice Concern
Family members rushed to be by the side of Queen Elizabeth after doctors said they were concerned about the health of Britain's 96-year-old monarch on Thursday, saying she should remain under medical supervision.
Empty Shelves And Rising Prices Test Tunisians' Patience
Food shortages are worsening in Tunisia with empty shelves in supermarkets and bakeries, adding to popular discontent at high prices and risking unrest as the government tries to stave off a crisis in public finances.
Tested PM Or New Right Bloc? Swedish Voters Undecided As Hard Winter Looms
The energy crisis, soaring inflation and war in Ukraine could help Social Democrat Prime Minister Magdalena Andersson to secure another term in office if Swedes decide to vote for a safe pair of hands in Sunday's parliamentary election.
Analysis-Sterling Returns To The 1980s, And It May Get Cheaper Still
Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis.
Waking To Screams: How Stabbings Shattered Tiny Canadian Communities
Mark Arcand's nephews woke to screams Sunday morning.
Albanian Police Search Empty Iranian Embassy After Papers Burned
Albanian counter-terrorism police searched the empty Iranian embassy in Tirana on Thursday, hours after Iranian diplomats burned papers inside the premises following the severing of diplomatic ties over a cyberattack.
Pakistanis Throw Up Barriers Against Rising Floodwaters; 12 More Die
People were building barriers on Thursday in some parts of Pakistan to hold back rising waters that have engulfed nearly a third of the country after weeks of rain, while officials said 12 more deaths took the toll to 1,355.