European Central Bank holds emergency meeting to discuss market rout
The ECB announced an unscheduled monetary policy meeting for Wednesday, at a time when bond yields are surging for many governments across the euro zone.
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Credit Suisse issues profit warning for second quarter, citing Ukraine war and rate hikes
Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening squeeze its investment bank.
United Arab Emirates bans Pixar's new Buzz Lightyear movie from theaters
The United Arab Emirates ban comes despite an announcement last year that the country would no longer censor movies.
U.S. airline bookings slipped again in May with fares 30% higher than 2019
Adobe data show airline bookings fell 2.3% in May from April as fares surged.
Wholesale prices rose 10.8% in May, near a record annual pace
Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported.
The UK’s plan to rip up Brexit trade rules slammed for being in ‘clear breach’ of international law
The EU firmly opposes the move, saying unilateral action by the U.K. "is damaging to mutual trust" and breaks international law.
U.S. holds 'candid' and 'productive' talks with China in nearly 5-hour meeting
A senior administration official described the talks, which were held in Luxembourg, as "candid, in-depth, substantive and productive."
Europe's fear gauge has hit its highest level since May 2020
Italy's 10-year bond yield rose to 4% — a level not seen since 2014.
Far from being 'post pandemic,' UK Covid cases are on the rise again
U.K. Covid-19 cases have risen for the first time in two months, according to new data, which warns of a possible further spike ahead.
Diseases suppressed during Covid are coming back in new and peculiar ways
The Covid-19 pandemic has abated in much of the world. But in its place have emerged a series of viruses behaving in new and peculiar ways.
Fighting rages in critical Ukrainian city as Kyiv pleads for more weapons from West
Intense fighting is continued in a key eastern Ukrainian city at the heart of Moscow's invasion, as Kyiv implored the West to deliver more weapons.
U.S. drops Covid testing requirement for international travelers
The U.S. will no longer require travelers to show proof of a negative Covid test before boarding flights to the country.
Klarna CEO defends business despite massive losses and layoffs
The fintech reported a loss of $748 million last year and last month announced that it was laying off around 10% of its workforce.
Hungary says it's impossible for Europe to ban Russian gas anytime soon. Putin agrees
When asked about the prospect of the EU targeting Russian gas in its next round of sanctions, the Hungarian minister replied: "No, it's impossible."
A.I. gurus are leaving Big Tech to work on buzzy new start-ups
Artificial intelligence workers are quitting top jobs at companies like Google, Meta, OpenAI and DeepMind and joining a new breed of start-ups.
Golf vacations to top British courses are selling out this year — and next
Some of the U.K.'s top golf courses are filling 2023 tee times faster than expected as wealthy Americans return to international travel.
As gas hits $8.60 a gallon in the UK, Brits pay $125 to fill a family car
The cost of filling up the average family car in Britain surpassed £100 ($125) for the first time ever Thursday.
Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
It takes the EU a step closer to its goal of cutting emissions from new passenger cars and light commercial vehicles by 100% in 2035.
European Central Bank poised to signal July rate hike as inflation jumps to fresh record high
The European Central Bank is expected to confirm its intention to raise interest rates next month.
'The inevitable': People living on the coast could be forced to move due to climate change, UK warns
"Some of our communities, both in this country and around the world, cannot stay where they are," the head of the U.K.'s Environment Agency said.
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