POKROVSK, Ukraine (AP) — A Ukrainian regional official warned Friday of deteriorating living conditions in a city captured by Russian forces two weeks ago, saying Sievierodonetsk is without water, power or a working sewage system while the bodies of the dead decompose in hot apartment buildings. Gov. Serhiy Haidai said the Russians were unleashing indiscriminate…
LONDON (AP) — Former British Treasury chief Rishi Sunak formally launched his campaign to replace departing Prime Minister Boris Johnson on Friday, leaping to the front of what is set to be a large pack of Conservative Party contenders — even as some party lawmakers pushed to get the scandal-tarnished Johnson out of office before…
TOKYO (AP) — Former Prime Minister Shinzo Abe was assassinated Friday on a street in western Japan by a gunman who opened fire on him from behind as he delivered a campaign speech — an attack that stunned a nation with some of the strictest gun control laws anywhere. The 67-year-old Abe, who was Japan’s…
(Reuters) – Global equity funds faced a second straight week of outflows in the week to July 6, as investors remained concerned about a global economic slowdown and recession risks due to interest rate hikes by major central banks. According to Refinitiv Lipper, investors withdrew a net $7.74 billion out of global equity funds. That…
By Francesco Canepa FRANKFURT (Reuters) -A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The ECB said the estimate in its first climate stress test significantly…
By Alex Lawler LONDON (Reuters) – Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle growth, while mass COVID-19 testing in…
BERLIN (Reuters) – Munich-based carmaker BMW sold nearly a seventh fewer vehicles in the first half of 2022 compared with the same period in 2021 amid chip shortages and intermittent lockdowns in China. From January to June, 1.16 million BMWs, Mini and Rolls-Royces were delivered, the group said on Friday. That was 13.3% fewer than…
NEW YORK (AP) — Wall Street capped a winning week with a sputtering finish Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market. The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain of 0.4%. Despite its weak finish, the benchmark index delivered just its…
By Florence Tan and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices edged slightly higher in volatile Asian trade on Friday, reversing earlier losses as the market weighed up the tight global supply concerns against recession fears. Brent crude futures rose 48 cents, or 0.5%, to $105.13 a barrel by 0630 GMT, after a near 4% rise…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers likely hired the fewest workers in 14 months in June, but the jobless rate probably remained near pre-pandemic lows, underscoring labor market tightness that could encourage the Federal Reserve to deliver another 75-basis-point interest rate increase later this month. Despite the anticipated slowdown in job growth last…
