PARIS (AP) — The head of France’s Greens party stepped down from his post Monday after his former partner reportedly accused him of psychological abuse, amid mounting pressure within his party and broader efforts to hold French politicians accountable for misconduct toward women. Julien Bayou said in a statement that he was resigning from his…
By Noah Browning LONDON (Reuters) -Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by 82 cents, or 1%, to $85.33…
FRANKFURT, Germany (AP) — Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses. The index compiled by the Munich-based…
NEW DELHI (AP) — Apple Inc. will make its iPhone 14 in India, the company said on Monday, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be…
FRANKFURT, Germany (AP) — As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. Statues and historic buildings are going dark. Bakers who can’t afford to heat their ovens are talking about giving up, while fruit and vegetable growers face letting greenhouses stand idle. In poorer eastern Europe, people…
By Syed Raza Hassan KARACHI, Pakistan (Reuters) -The Pakistani rupee opened slightly stronger on Monday as market participants awaited the announcement of a new finance minister, at a time when the country grapples with economic turmoil worsened by devastating floods. The rupee opened at 239.65 to a dollar and gained around 1% in the opening…
By Tetsushi Kajimoto and Leika Kihara TOKYO/OSAKA (Reuters) -Japanese Finance Minister Shunichi Suzuki said authorities stood ready to respond to speculative currency moves, a fresh warning that comes days after Tokyo intervened in the foreign exchange market to stem yen falls for the first time in over two decades. Suzuki also told a news conference…
CANBERRA, Australia (AP) — The Australian government said on Monday it is considering tougher cybersecurity rules for telecommunications companies and blamed Optus, the nation’s second-largest wireless carrier, for an unprecedented breach of personal data from 9.8 million customers. Optus said last Thursday it had become aware the day before of the cyberattack which obtained the…
LONDON (AP) — The Bank of England sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar Monday, but its entreaty fell flat for investors concerned about a sweeping package of tax cuts that further jolted a faltering economy that the government’s plan was meant to prop up….
By Mai Nguyen (Reuters) -London aluminium prices dropped to their lowest in more than 18 months on Monday, as concerns of weakening demand and a stronger dollar weighed on the market. Three-month aluminium on the London Metal Exchange fell as much as 1.2% to $2,139 a tonne, its lowest since March 2021. The contract has…
