LONDON, Oct 20 (Reuters) – Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that shattered investor confidence and enraged much of her Conservative Party. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she...
TOKYO, Oct 19 (Reuters) – Japanese authorities repeated their warnings about the yen’s precipitous fall against the dollar on Wednesday, with Finance Minister Shunichi Suzuki saying he was “meticulously” checking currency rates with more frequency, local media reported. Speaking to reporters at the finance ministry, Suzuki said the government would “properly respond” in the foreign...
SEOUL, Oct 19 (Reuters) – North Korea fired 100 more artillery shells off its west coast on Wednesday, South Korea’s military said, just hours after it launched hundreds of shells into the sea off its east and west coasts in what it called a grave warning to South Korea. North Korea has been carrying out...
LONDON, Oct 19 (Reuters) – The biggest jump in food prices since 1980 pushed British inflation back into double digits last month, matching a 40-year high hit in July in a new blow for households grappling with a cost-of-living crisis. The Office for National Statistics said the consumer price index (CPI) increased by 10.1% in...
Oct 17 (Reuters) – The European Union ministers have been advised to take a tougher line on China and see the country as an all-out competitor with limited areas of potential engagement ahead of talks on revising Brussels’ strategy towards Beijing, the Financial Times reported on Monday. The union should work closely with the United States, strengthen...
KYIV, Oct 17 (Reuters) – The capital of Kyiv was hit on Monday by kamikaze drones, Andriy Yermak, head of the Ukrainian president’s staff, wrote on the Telegram messaging app. “Russians think it will help them,” Yermak said. Reuters was not able to independently verify the claims.
SHANGHAI/BEIJING, Oct 17 (Reuters) – China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used a combination of swaps and spot trades. Six banking sources told Reuters the country’s major state-owned banks were spotted swapping...
LONDON, Oct 17 (Reuters) – British Prime Minister Liz Truss has the confidence of the government, City Minister Andrew Griffith told Sky on Sunday. “Liz Truss has got the support of the government,” he said when asked if Truss’s position was safe after the recent turmoil in financial markets triggered by her economic plans. “It’s...
MELBOURNE, Oct 17 (Reuters) – Suzuki’s Alex Rins won a classic Australian MotoGP Grand Prix at Phillip Island on Sunday as Ducati’s Francesco Bagnaia roared to the top of the world championship standings with a third-placed finish after defending champion Fabio Quartararo crashed out. Rins took the lead from Bagnaia in the final lap and...
Oct 15 (Reuters) – Rupert Murdoch has started a process that could reunite his media empire, News Corp (NWSA.O) and Fox Corp (FOXA.O) disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. Both have formed special committees to review proposals of a potential combination, they said. If a deal...