International News

Euro-area inflation surged to a fresh all-time high, while the bloc’s economy lost momentum — reinforcing fears that a recession is now all-but unavoidable. Consumer prices jumped by 10.7% from a year ago in October, far exceeding the 10.3% median estimate in a Bloomberg survey. Third-quarter output, meanwhile, slowed to 0.2% from the previous three months — more than analysts ...

Uber Technologies Inc reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership, assuaging investor concerns that rising inflation would damp consumer spending. The shares jumped about 6% in early trading. Third-quarter sales jumped 72% to $8.34 billion, the San Francisco-based company said on Tuesday in a statement. That exceeded the $8.1 billion ...

UK house prices fall the most since the start of the pandemic in October as political and market turmoil sent shock waves through the property market. The average value of a home dropped 0.9% to £268,282 ($309,500), the Nationwide Building Society (NBS) said on Tuesday. It was the largest decline since June 2020 and much sharper than the 0.3% reduction ...

Bloomberg Poland reached a deal with South Korea to develop the European nation’s second nuclear power plant, accelerating its efforts to become energy independent following Russia’s invasion of Ukraine. Korea Hydro & Nuclear Power Co., a state-run nuclear plant operator, signed a letter of intent with Polish utilities PGE SA and ZE PAK SA on Monday, South Korea’s energy ministry ...

Bloomberg Ukraine warned of widespread blackouts after a massive wave of Russian missile attacks on Monday damaged power and water supplies across the country including in the capital Kyiv. The Kremlin meanwhile warned that grain shipments would be “much riskier and more dangerous” after it pulled out of a deal allowing Ukrainian exports from Black Sea ports following an attack ...

A handful of very tight races will determine control of the US Senate with the result unclear just days before the midterm elections. A New York Times/Siena College poll released Monday shows Democratic candidates ahead by slim margins in Georgia and Pennsylvania and tied with the Republican challenger in Nevada. Only the Arizona race shows a more comfortable lead for ...

Luiz Inacio Lula da Silva won Brazil’s presidential election in a dramatic comeback for the left-wing politician who was languishing in a jail cell for corruption just three years ago. He defeated the incumbent Jair Bolsonaro with 50.9% to 49.1% of the votes in Sunday’s runoff, according to the official tally. The outcome signals a change in direction for Latin ...

Gujarat / WAM     Narendra Modi, Prime Minister of India, on Sunday laid the foundation stone of the C295 aircraft manufacturing facility – the first aircraft manufacturing facility in India’s private sector. Asian News International quoted the Indian Prime Minister as saying that India is becoming a big manufacturing hub for the world. “Transport aircraft will give strength to our forces, ...

Manila / WAM As the global community will gather in Sharm el-Sheikh, Egypt, for the COP27 climate conference, on November 6, the Asian Development Bank (ADB) announced that it will launch several flagship initiatives at the key decision-making forum of United Nations Framework Convention on Climate Change (UNFCCC), which aims to reduce greenhouse gas emissions and address climate change and ...

China increased financial assistance to the Solomon Islands and Kiribati, its newest diplomatic partners in the Pacific, even as it cut overall support for the region in 2020, research by the Lowy Institute found. Total development finance from the world’s second-largest economy fell to $187.9 million in 2020 from $205.4 million the previous year, according to the Pacific Aid Map ...