By Sinéad Carew (Reuters) – 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 after the latest data heightened fears of a global economic slowdown. Recession fears were exacerbated by concerns about an energy crisis and…
SKOPJE, North Macedonia (AP) — European Council President Charles Michel urged North Macedonia on Tuesday to back a French-proposed compromise on ending a dispute with neighboring Bulgaria that’s blocking the country’s long-delayed European Union accession bid. Violent protests erupted in North Macedonia’s capital, Skopje, where demonstrators tried to storm government buildings, after French President Emmanuel…
LONDON (AP) — British Prime Minister Boris Johnson’s government faced a new crisis Tuesday after two of his most senior Cabinet ministers resigned within minutes of each other. Treasury chief Rishi Sunak and Health Secretary Sajid Javid quit, saying the government under Johnson’s leadership was no longer competent or “acting in the national interest.” The…
By Laila Kearney NEW YORK (Reuters) – Oil plummeted nearly $12 a barrel on Tuesday in the biggest daily drop since March and the decline spread to other energy sectors amid worries of a global recession. Benchmark Brent crude was down $11.88, or 10.4%, at $101.83 a barrel by 1:53 p.m. EDT (1645 GMT). U.S….
NEW DELHI (AP) — Twitter on Tuesday challenged the Indian government in court over its recent orders to take down some content on the social media platform, media outlets reported. The lawsuit was filed in the Karnataka High Court in southern Bengaluru city and comes after the Indian government in February warned company executives of…
LONDON (AP) — British Prime Minister Boris Johnson was clinging to power Tuesday after two of his most senior Cabinet ministers quit, saying they had lost confidence in Johnson’s leadership amid shifting explanations about his handling of a sexual misconduct scandal. Treasury chief Rishi Sunak and Health Secretary Sajid Javid resigned within minutes of each…
LONDON (Reuters) – Sterling plunged to a new March 2020 low against the dollar on Tuesday, extending losses after the resignation of Britain’s finance minister threw Prime Minister Boris Johnson’s government into a crisis. His resignation came minutes after the health ministere stepped down, saying he had lost confidence in Johnson’s ability to govern in…
LONDON (Reuters) – A stampede for dollars as global recession risks mount has left other currencies battered and bruised, with the euro getting trampled on more than most as surging European gas prices worsen economic growth fears. Analysts predict the single currency, which on Tuesday hit its weakest since 2002, will soon fall to parity….
PARIS (AP) — Israeli caretaker Prime Minister Yair Lapid on Tuesday used his first trip abroad since taking office to urge world powers to step up pressure on Iran over its nuclear activities, calling the Islamic republic a threat to regional stability. Lapid met in Paris on Tuesday with French President Emmanuel Macron, who called…
By Laila Kearney NEW YORK (Reuters) -Oil plummeted by about $10 a barrel on Tuesday on concerns of a looming global recession curtailing demand, even with expected supply disruptions as oil and gas workers in Norway began to strike. Global benchmark Brent crude was down $10.77, or 9.5%, at $102.73 a barrel by 11:43 a.m….
