International News

Ukraine’s critical energy infrastructure was extensively damaged as Russian troops delivered another large-scale wave of missile strikes, leaving 1.5 million or more people temporarily without power. President Volodymyr Zelenskiy said Russia had launched a “massive attack” overnight, with some 36 missiles fired, most of them intercepted but some that hit their marks. Vladimir Putin’s invasion of Ukraine is nearing the ...

Hurricane Sandy swept through New York City in October 2012 leading to 43 deaths and an estimated $19 billion in damages. The fallout devastated city residents as their homes, along with the city’s public transit system, were submerged in water. A decade later, the city is still rebuilding after the superstorm as it confronts the threat of extreme weather. New ...

Pfizer Inc rises the most in seven months after revealing plans to charge between $110 and $130 per single-dose vial of its Covid-19 vaccine, showing how the company intends to shift its strategy when bringing the blockbuster product to the commercial market. The US government will stop purchasing Covid-19 vaccines and distributing the shots to Americans for free as soon ...

Britain’s financial watchdog has been consulting private equity firms about the effects on the companies and their investors of rising rates and the bond market tumult triggered by the government’s failed mini-budget, the Financial Times (FT) reported on Sunday. Officials at the Financial Conduct Authority (FCA) contacted several buyout groups to try to find out how badly the turmoil had ...

The US budget deficit falls by a record in the 2022 financial year, a second straight drop that reflects the drying up of Covid-related aid spending alongside a surge in revenues propelled by the wage and employment gains. The deficit for the fiscal year through September narrowed to $1.38 trillion, from a revised $2.78 trillion the previous year, according to ...

  Bloomberg As Germany grapples with an energy crisis threatening its future as an industrial leader, an acute shortage of workers is compounding problems for manufacturers already struggling to stay competitive. The lack of qualified labour — brought on by an aging population and exacerbated by the pandemic — is starving manufacturers from Airbus SE to BMW AG to BASF ...

  Bloomberg Double-digit inflation is set to return in the UK and linger through the end of this year despite the government’s effort to cap energy bills, a survey of economists shows. The findings gathered by Bloomberg also suggest the economy is now in a recession that will last until the second half of 2023 and that the Bank of ...

Bloomberg Vodafone Group Plc will roll out fiber to the home in Germany in a deal with Altice Europe NV to share a $7 billion investment in its biggest market. The 50-50 fiber venture with French billionaire Patrick Drahi’s Altice will build fiber optic lines to as many as 7 million homes in Germany, the companies said in a statement ...

  Bloomberg Canadian employment grew in September for the first time in four months, but gains remained moderate in a sign the labour market continues to be near full capacity. The country added just over 21,000 jobs last month, with small gains in both full-time and part-time work, Statistics Canada reported in Ottawa. That’s in line with the median estimate ...

  Bloomberg Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market. The layoffs will be announced as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report, said the people, who asked not to ...