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Saudi Arabia announces $400 mln humanitarian aid to Ukraine
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Saudi Arabia announces $400 mln humanitarian aid to Ukraine

Oct 15 (Reuters) – Saudi Arabia will provide $400 million in humanitarian aid to Ukraine, Saudi state news agency SPA said, adding that Crown Prince Mohammed bin Salman made a phone call to Ukrainian President Volodymyr Zelenskiy on Friday. The crown prince expressed the kingdom’s readiness to continue efforts of mediation and support everything that...

How Britain’s pension scheme hedge became a trillion pound gamble
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How Britain’s pension scheme hedge became a trillion pound gamble

LONDON, Oct 15 (Reuters) – It started out simply enough: British pension schemes were looking for a way to match their assets to future pension payments. Schemes run for pharmacy Boots and bookseller WHSmith were early adopters in the 2000s of an investment strategy of dumping stocks for bonds, to shield themselves from interest rate...

Flying car in Dubai
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Flying car in Dubai

DUBAI, Oct 12 (Reuters) – A “flying car” built by Chinese electronic vehicle maker Xpeng Inc (9868.HK) made its first public flight in the United Arab Emirates, as the company works towards launching the electric aircraft on international markets. The X2 is a two-seater electric vertical take-off and landing (eVTOL) aircraft that is lifted by eight...

Biden vows consequences for Saudi Arabia after OPEC+ decision
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Biden vows consequences for Saudi Arabia after OPEC+ decision

WASHINGTON, Oct 12 (Reuters) – President Joe Biden pledged on Tuesday “there will be consequences” for U.S. relations with Saudi Arabia after OPEC+ announced last week that it would cut its oil production target over U.S. objections. His announcement came a day after powerful Democratic Senator Bob Menendez, chairman of the Senate Foreign Relations Committee,...

China’s ‘liberal’ Wang Yang seen as possible premier as reshuffle looms
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China’s ‘liberal’ Wang Yang seen as possible premier as reshuffle looms

HONG KONG, Oct 12 (Reuters) – When Wang Yang was Chinese Communist Party boss of economic powerhouse Guangdong province, the man now considered a top contender to be China’s next premier displayed a liberal streak that has been less visible since Xi Jinping took power. During his time in Guangdong, which borders Hong Kong, Wang...

Biden doubts Putin would use nuclear weapon, Ukraine pleads for more military aid
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Biden doubts Putin would use nuclear weapon, Ukraine pleads for more military aid

KYIV, Oct 12 (Reuters) – U.S. President Joe Biden said on Wednesday he doubted whether Russian President Vladimir Putin would use a tactical nuclear weapon as Ukraine pleaded for a rapid increase in Western military aid to defend against missile strikes on its cities. Explosions rocked the Russian-occupied southern towns of Kherson and Melitopol and...

T20 Tri Series: Big win for New Zealand against Pakistan
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T20 Tri Series: Big win for New Zealand against Pakistan

Christchurch, October 11 (ESPN) –New Zealand 131 for 1 (Allen 62, Conway 49*, Shadab 1-26) beat Pakistan 130 for 7 (Bracewell 2-11, Santner 2-27, Southee 2-31) by nine wickets On a subcontinental-style pitch in Christchurch, New Zealand’s spin quartet, led by offspinner Michael Bracewell, pinned down Pakistan to a below-par 130 for 7 and set up the hosts’ second...