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UK inflation rate hits new 40-year high of 9.1% in May, likely to rise more

The Bank of England says inflation could hit 11% in October when a cap on domestic energy bills is lifted

Biden to call for 3-month suspension of federal gas tax as prices skyrocket

The Democratic president will also call on states to suspend their own gas taxes or provide similar relief, the White House said

Afghanistan earthquake kills 1,000 people, deadliest in decades

A powerful earthquake struck a rural, mountainous region of eastern Afghanistan near the Pakistani border early Wednesday, killing at least 920 people and injuring 600 others, authorities said

Sri Lanka's economy 'has collapsed,' unable to buy oil: PM Wickremesinghe

Sri Lanka has been muddling through mainly supported by $4 billion in credit lines from neighbouring India.

Ukraine expects all EU nations would support its candidacy to join bloc

A Ukrainian deputy prime minister overseeing country's push to join European Union said that she's 100 per cent certain all EU nations will approve making Ukraine a candidate for membership in bloc

Global shares dip despite Wall Street rally; focus shifts to Fed's Powell

European benchmarks fell in early trading after shares in Asia finished lower, including in Japan, Australia, South Korea and China. US futures were also down.

Sri Lanka PM says debt-laden economy 'has collapsed,' unable to buy oil

Sri Lanka's prime minister says its debt-laden economy has collapsed after months of shortages of food, fuel and electricity

In a first, Australian state outlaws public displays of Nazi swastikas

An Australian state has become the first in the country to pass a law banning the public display of Nazi swastikas, as concerns grow about the rate at which local young people are being radicalised

Indonesian President Joko Widodo to visit Russia, Ukraine after G-7 meet

Indonesian President Joko Widodo is planning to meet the leaders of Russia and Ukraine following the Group of Seven summit in Germany later this month

South China floods force tens of thousands to evacuate, more rain expected

Major flooding has forced the evacuation of tens of thousands of people in southern China, with more rain expected

Sri Lanka's economic crisis cripples once burgeoning middle class

An island nation of 22 million, Sri Lanka is hurtling towards bankruptcy after amassing $51 billion in foreign debt

Women's PGA Championship doubles prize money to $9 million to boost game

The KPMG Women's PGA Championship is doubling the size of its purse to $9 mn, another boost to the women's game that brings prize money for the 5 majors to nearly triple the amount from a decade ago

Sri Lanka seals five-match ODI series in last-ball thriller vs Australia

A nation dealing with its worst economic crisis and high inflation for months had something to celebrate when Sri Lanka sealed a limited-overs cricket series victory

Australian general elections 2022: Authorities to declare final results

Authorities are to declare the final seat on Wednesday in a greener, more fragmented Australian Parliament following May 21 elections

Serena Williams wins 1st match of women's doubles after her comeback

As "What A Feeling" boomed around Devonshire Park, Serena Williams strode onto center court at Eastbourne to a standing ovation for her first competitive tennis match in nearly a year

North Korean leader convenes military meeting amid tensions

North Korean leader Kim Jong Un has called a meeting with his senior military officials to discuss national defense policies and plans for further arms buildup

Google exec warns UNSC, says Ukraine a crystal ball for info warfare

A Google executive warned the UN Security Council that cyberattacks, disinformation and other forms of information warfare being waged in Ukraine are a crystal ball" for future problems elsewhere

Kellogg to split into three; to focus on snacks, cereals and plant foods

Kellogg will focus on its other verticals on priority after the split is officiated. The name of the independent verticals have not been decided yet

Elon Musk's $44 bn deal gets unanimous endorsement from Twitter board

Shares rose about 3% to $38.98 before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share

Luxury fashion market sees growth despite inflation and war, shows study

The global luxury market grew by nearly one-third to 288 billion euros ($198 billion) last year, rebounding from its worst recorded dip due to the 2020 pandemic lockdowns