Page 893 - Reuters

Ukrainian forces thwart Russian advance into northern Donetsk region

Russia has increased its focus on Donetsk, the southern part of which it and its proxies already control

Crypto exchange FTX has 'a few billion' to support industry, says CEO

Bankman-Fried, who is from California but lives in the Bahamas where FTX is based, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have faltered

New UK FM Zahawi pledges to boost economy, says 'nothing off the table'

But the former education minister faced questions about whether he would even have a chance to steer the economy out of its slowdown, given Johnson's weakening grip on power

UK PM Boris Johnson clings on despite clamour for his resignation

With a BBC report that a group of his most senior ministers were poised to tell Johnson to quit and govt resignations rising to over 30, some questioned wisdom of Johnson trying to ride out the storm

Apple to release new 'Lockdown Mode' as it battles spyware firms

The move comes after at least two Israeli firms have exploited flaws in Apple's software to remotely break into iPhones without the target needing to click or tap anything

Emerging markets post longest streak of monthly outflows since 2015: IIF

Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, IIF data said

Oil prices drop to 12-week low on recession, Covid worries

Dollar holds near 20-year high against other currencies; China reports new Covid cases across the country; Norwegian oil output to return within days after strike

EV maker Rivian's deliveries nearly quadruple as it ramps up production

The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter

Euro falls lowest since 2002 against USD on concerns over energy prices

Euro drops to its lowest since two decades over energy supply concerns

India's restaurants slam new rules against compulsory service charge

Restaurants say they already explicitly mention the charge in notices at the gate and on the menus, and if someone chooses to use their services, they are bound to pay it

Oil prices rebound from Tuesday tumble as supply concerns regain footing

Oil prices have risen owing to supply concerns worldwide

If history repeats itself, global equities set for brief relief in July

With world markets plunging through the first quarter of the year, narrow hopes of recovery is there if history repeats itself and global equities gain lost footing in July

India's July palm oil imports may surge to 10-month high as prices plunge

Indonesia's allowance of more exports globally and a reduction of palm oil prices in India have paved the way for a high palm oil import in 10 months

Gold rises on bargain hunting after hitting weakest level since December

Gold prices are showing rising trends after dropping severely in previous months. This is owed to recession fears and rising oil prices, leading investors into frenzy

India's export curbs, tax hike to exacerbate global diesel, petrol shortage

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year

Job seekers fume over Agnipath Scheme's shortened military contracts

Analysts say the move will also bring down the Indian military's burgeoning pension bill, potentially allowing the country to spend more on new weapons

Global markets steady as euro steadies but recession fears remain

Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel

Dollar rules as recession fears drag euro to 20-year low, pound under fire

The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers

Oil prices bounce back from Tuesday tumble as supply concerns return

Brent crude futures rose as much as $3.08, or 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March

Euro slumps to two-decade low, oil tumbles as recession fears intensify

The euro sank on Tuesday to its weakest level against the dollar in almost 20 years while oil futures tumbled and bond prices rose as investors sought safety