(Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF program, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement from the State Bank of Pakistan….
BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them. The NATO leader with the closest ties to Russia told state radio the United States…
By Hyonhee Shin SEOUL (Reuters) – North Korea says it has tested a new solid-fuel intercontinental ballistic missile (ICBM), its first known use of the propellant in a longer-range projectile, as it seeks the capability to launch with little preparation. Here are some characteristics of solid-fuel technology, and how it can help the North improve…
LONDON (Reuters) – Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options being considered. The group, whose shares have fallen 37% over the last year, also withdrew its profit guidance of “broadly breakeven” for its current year…
LONDON (Reuters) – Ukrainian troops have been forced to withdraw from some territory in the battlefield city of Bakhmut as Russia mounts a renewed assault there with intense artillery fire over the past two days, Britain said in an intelligence update on Friday. “Russia has re-energised its assault on the Donetsk Oblast town of Bakhmut…
PARIS(Reuters) – French annual inflation rose to a slightly revised 5.7% in March – albeit down from 6.3% in February – as lower energy prices helped offset surging food prices, according to final figures from the INSEE statistics body on Friday. The preliminary figure for March released last month was 5.6%. The inflation figure, on…
(Reuters) -Russia’s military on Thursday pressed on with unrelenting attacks on the smashed eastern Ukrainian city of Bakhmut and also shelled the southern city of Kherson, officials in Kyiv said. The Kremlin sees Bakhmut as pivotal in its slow-moving advance through eastern Ukraine more than a year after it invaded its neighbour. Ukrainian Deputy Defence…
By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely perked up in the first quarter of the year, a Reuters poll showed on Friday, as the end of strict COVID-19 curbs helped lift the world’s second-largest economy out of a crippling pandemic slump. GDP growth was seen speeding up to 4.0% in the…
By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely perked up in the first quarter of the year, a Reuters poll showed on Friday, as the end of strict COVID-19 curbs helped lift the world’s second-largest economy out of a crippling pandemic slump. GDP growth was seen speeding up to 4.0% in the…
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Liu Baoxiang, who runs a mahjong parlour in a city on China’s rust belt, no longer splurges on extravagant fashion items after seeing the two flats he owns lose roughly a third of their value over the past two years. “I was previously considered wealthy…
