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Inflation and war stoking civil unrest across the globe, shows research

Of 198 countries tracked in the Civil Unrest Index, 101 showed mounting risk in the third quarter of 2022, according to research collected by intelligence firm Verisk Maplecroft

UK PM race: Liz Truss rules out new taxes, energy rationing in last pitch

Truss made the commitments at the last Conservative Party leadership hustings in London on Wednesday, ahead of the victor being announced Sept 5

Tencent targets $14.5 bn in divestments of listed equity portfolio: Report

Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported.

Russia mulls buying $70 billion in yuan, other 'friendly' currencies

The yuan briefly extended gains against the dollar after the news, rallying to a session high.

Pakistan inflation hits record 47-year high before full impact of flood

Consumer prices rose 27.26% last month from a year earlier, according to data released by the government Thursday.

Amid floods, inflation, a political crisis is the last thing Pakistan needs

Accused of economic mismanagement and toppled in a no-confidence vote in April, Imran Khan has since kept up a steady stream of attacks on the coalition government that replaced him

TPG weighing majority stake sale in Fourth Partner Energy: Report

The private equity firm is working with an adviser on the deal, said the people.. A stake sale could value Fourth Partner at around $600 million, the people said.

India is new major player in Russian oil market once dominated by China

Six vessels hauling Russian crude known as ESPO were headed to refiners in the South Asian nation in August, according to traders and shipbrokers

Trump accuses justice dept of criminalising his possession of records

Donald Trump's lawyers made the broad argument that the Presidential Records Act allows a president to take whatever document he wants

Amid China's slowdown, Asian manufacturing hubs see dip in demand

Purchasing managers indexes for Taiwan fell to 42.7 from 44.6 in July -- its lowest since May 2020 -- while South Korea's fell to 47.6 from 49.8 -- its lowest since July 2020

Rice export ban won't lower inflation or meaningfully improve food security

The last time India blocked grain exports, in 2007 and 2008, the decision precipitated a years-long food-security crisis

G7 set to discuss cap on price of Russian oil in bid to ease prices

The European Union, UK and Switzerland all plan to ban their companies from providing those services for Russian oil shipments beginning in December

Goldman Sachs, Morgan Stanley order staff to return to office full-time

Goldman will let employees outside New York enter offices regardless of vaccination status, with no requirement to participate in regular testing or wear face coverings

Apple Inc quietly gives up its Didi Global board seat after turmoil

Adrian Perica, Apple's vice president of corporate development, has resigned from Didi's board

Japan declares 'war' on the humble floppy disk in new digital push

"We will be reviewing these practices swiftly," Kono said in a press conference, who added that PM Fumio Kishida has offered his full support. "Where does one even buy a floppy disk these days?"

Crude oil is headed for longest slump since 2020 amid growth concerns

Bearish sentiment is mounting amid slowing economic growth for major oil consumer China while Fed officials reaffirmed their commitment to raising interest rates to cool rapid inflation

Super typhoon near Japan's Okinawa is year's strongest storm

Super typhoon Hinnamnor, currently several hundred kilometers to the east of Okinawa, is expected to skirt the Japanese islands this weekend, according to a forecast from Japan Meteorological Agency

SoftBank's Rajeev Misra steps down as corporate officer on record loss

Rajeev Misra retain his post as head of SoftBank Investment Advisers, which helps oversee the first Vision Fund's existing investments

Denmark's economy expands faster than estimated in second quarter

Later on Wednesday, the finance ministry is due to present the government's budget proposal for 2023 as well as new economic forecasts

Pakistan could have averted climate catastrophe that has killed over 1,000

A changing climate will make the problems Pakistan is experiencing now even worse. Warmer air is able to hold more moisture, making extreme monsoon rainfall a more frequent occurrence