Italy's Rightist Coalition Splits Over Electing Senate Speaker
Italy's new rightist coalition got off to an inauspicious start on Thursday when it split over the election of the Senate speaker, who clinched the post despite a revolt by Silvio Berlusconi's Forza Italia party.
European Airlines See Travel Withstanding Consumer Squeeze For Now
British Airways-owner IAG, Europe's biggest airline Ryanair and rival easyJet said demand for travel was holding up, calming worries that pressure on household budgets could stall aviation's recovery from the pandemic.
European Stocks Fall As Hot U.S. Inflation Data Sparks Rate Hike Fears
European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was likely to stay aggressive in its fight against inflation.
Big Tech's Hiring Freeze Unlocks Rich Talent Pool For U.S. Startups
Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown.
Ukrainians Brace For Blackouts, Hard Winter After Russia Pummels Power Grid
Liubov Palii was sitting at her computer when the lights went off in her one-bedroom apartment after Russian strikes pummelled Ukraine's energy network.
India Axes Rule On Kashmir Voting Rights After Political Parties' Outcry
India scrapped on Thursday a rule granting voting rights to new residents of its Jammu and Kashmir region after widespread anger among political parties, who labelled it a bid to change the demographics of the country's only Muslim-majority region.
Rare Political Protest Banners Removed In Chinese Capital
Beijing authorities removed rare banners of political protest from an overpass in the Chinese capital, according to images circulated widely on social media on Thursday, just days before the start of a twice-in-a-decade Communist Party congress.
IKEA Reports Record Sales As Price Hikes Offset Weakening Consumer Confidence
Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia.
Wall St Futures Edge Higher Ahead Of Inflation Data
Wall Street futures ticked higher on Thursday, ahead of a closely watched U.S.
Turning To Garbage Dumps To Survive, Argentines Feel The Pain Of 100% Inflation
Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs.
Portugal's Charities Struggle To Cope With Homelessness Surge
Six months ago, Jose Moreno found himself without a roof over his head.
German Business Chiefs Clash With Berlin Over China Policies
When German business chiefs got wind last month of an economy ministry proposal to screen all company investment going into China as part of a raft of new measures, there was uproar.
Indian Supreme Court Panel Divided Over Ban On Hijab In Schools
An Indian Supreme Court panel said on Thursday it was divided over a ban on hijabs in schools, and referred the matter to the chief justice, effectively leaving in place a state's ruling against the scarves worn by women that has sparked uproar.
Seven Killed In Unrest In Iran's Kurdish Region, Rights Group Says
Seven people were killed during protests in Kurdish regions of Iran overnight, a rights group said, as authorities pursued a deadly crackdown on nationwide demonstrations sparked by Mahsa Amini's death in the custody of morality police.
Delta Misses Quarterly Profit Estimates, Sees No Letup In Travel Demand
Delta Air Lines Inc's quarterly profit missed Wall Street estimates on Thursday but the carrier expects travel demand to remain robust despite growing risks of an economic recession.
When The AI Goes Haywire, Bring On The Humans
Used by two-thirds of the world's 100 biggest banks to aid lending decisions, credit scoring giant Fair Isaac Corp and its artificial intelligence software can wreak havoc if something goes wrong.
Analysis-As Markets Fret, Fed Officials Reject Idea Of Rising Financial Stability Risks
Federal Reserve officials are pushing back on investors' mounting concerns that the U.S.
Supply Chain Snarls Loosen For U.S. Companies, But Plenty Of Problems Remain
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth.
With Time Running Out, U.S. Capitol Riot Panel Keeps Focus On Trump
The congressional committee investigating the Jan.
Ousting Under-fire UK PM Truss Would Be 'Disastrously Bad Idea', Minister Says
British Prime Minister Liz Truss faced growing pressure on Thursday from lawmakers in her own party to rethink tax-cut plans that sent markets into turmoil, with one ally saying it would be a "disastrously bad idea" to oust her a month into the job.
'Stop The Steal' Supporters Train Thousands Of U.S. Poll Observers
Inside the El Paso County clerk's office in Colorado, where officials had gathered in July to recount votes in a Republican nominating contest for this year's midterms, dozens of angry election watchers pounded on the windows, at times yelling at workers and recording them with cell phones.
European Power Use Falls, But Winter Targets Still A Stretch
European electricity use is falling to levels seen during the worst of the COVID-19 pandemic although some countries need to curb consumption further to prepare for a possible energy supply crunch this winter, a Reuters analysis of power data shows.
Germany, NATO Allies Aim To Jointly Procure Air Defence Systems
Germany and more than a dozen NATO partners aim to jointly procure air defence systems that protect allied territory from missiles, eyeing Israel's Arrow 3 system, U.S.
Volatile Food Prices Led To India Cenbank Missing Inflation Forecasts - Economists
India's central bank has been consistently missing its inflation projections over the last two and half years mainly due to extreme weather conditions that drove up food prices, economists said on Thursday.
Euro Zone Bond Yields Just Off Multi-year Highs Ahead Of U.S. Data
Euro zone borrowing costs edged lower on Thursday as investors paused for breath ahead of key U.S. economic data after driving government bond yields to fresh multi-year highs.
Russian Official Warns Of World War Three If Ukraine Joins NATO
If Ukraine is admitted into the U.S.-led NATO military alliance, then the conflict in Ukraine would be guaranteed to escalate into World War Three, a Russian Security Council official was quoted as saying on Thursday.
Hong Kong Hopes China Congress Could Revive Economy, Reverse IPO Slump
Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from nine-year lows.
Toshiba Shares Jump On Report Of Possible $19 Billion Buyout
Shares in Toshiba Corp on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid - a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension.
Living Costs Top Worry For Israeli Voters Stuck In Election Treadmill
Israelis are as fed-up with soaring prices as they are with the country's seemingly never ending elections.
Analysis-Russian Law On Stock Conversion Baffles Global Banks, Clients
Global investors and banks have been voicing confusion about their efforts to convert depositary receipts of Russian companies into ordinary shares in compliance with a new Russian law, according to advisors and client communications from the banks.