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UK readies to protect industry as US tariffs upend global order: Starmer

The "world as we knew it" is over, UK Prime Minister Keir Starmer said Sunday, as the world braced for further fallout from the introduction of US tariffs.

Vietnam economic growth slows in first quarter as US tariffs loom

Vietnam's economy grew at a slightly slower pace in the first quarter, government figures showed Sunday, as the Southeast Asian country braces for the impact of colossal tariffs imposed by Washington.

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Will Africa's metals boom suffer the same curse as oil?

Mechanical diggers are hard at work in the bleak landscape of the Moanda open-cast mine in Gabon, using giant jaws to rip out manganese and then dump the ore into trucks with a crash.

Credit Suisse banking on restructure revamp

New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank following multiple scandals, is set to unveil his strategic road map on Thursday.

Black South Africans break into once white-only wine industry

Winemaking was a profession most South African parents could never have envisioned for their children.

China's yuan hits 15-year low after Xi extends rule

China's yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week.

HSBC profits fall on French retail impairment charge

HSBC on Tuesday said pre-tax profit slipped more than 40 percent in the third quarter, with the bank citing an impairment on the planned disposal of its retail banking operations in France.

Italy's new PM Meloni sets out programme to parliament

Giorgia Meloni will address Italy's parliament for the first time as prime minister on Tuesday, setting out her plan for government one month after her far-right party's historic election victory.

Brazilian suspect in murder of British journalist, Amazon expert, granted house arrest

A Brazilian judge has allowed one of the suspects in the murder of British journalist Dom Phillips and Brazilian Indigenous expert Bruno Pereira to be released on bail to house arrest, local media said Monday.

Indigenous Guarani live in deepening poverty in Brazil

In the middle of a football match on an improvised dirt pitch in southern Brazil, a famished young Indigenous boy abruptly abandons the game, throws a stick into the sky and fells a bird.

Foreign tourism to Greece up but below pre-Covid peak

The number of foreign tourists visiting Greece has sharply increased so far this year despite soaring inflation and the Ukraine war, according to official statistics published on Monday.

Portuguese textiles become international player

Shaken in the last 20 years by competition from Asia, Portugal's textile industry has found its footing again and become a major player, supplying firms not just in Europe but also in the United States.

UK shrugs as Rishi Sunak becomes first brown PM

In winning the race for UK Conservative leader on Monday, Rishi Sunak will become the first prime minister of colour to govern a country that once ruled India, much of Africa and a great deal beyond.

NATO warns Russia against 'dirty bomb' pretext

Russia must not escalate the conflict in Ukraine with false claims that Kyiv is planning to unleash a so-called "dirty bomb", the head of NATO has warned.

Incoming PM Sunak inherits UK economy in crisis

Britain's next prime minister, former finance chief Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.

French publisher drops book by writer accused of child rape

A French publisher said Monday that it would suspend plans to release a book by writer Gabriel Matzneff, currently under investigation for raping children, after its staff received "death threats".

Philips to cut 4,000 jobs as recall losses deepen

Dutch medical device manufacturer Philips said Monday it will slash 4,000 jobs after a massive financial hit for a recall of faulty sleep respirators pushed it into loss.

Eurozone contracts further as Germany heads for recession

Germany, the EU's top economy and Europe's export powerhouse, looks headed for imminent recession, according to a closely watched survey Monday that pointed to a deepening eurozone contraction.

Heat, then floods ruin Pakistani farmers' livelihoods

Generations of Rahim Buksh's ancestors have laboured in the rice paddies and wheat fields surrounding Pakistan's hottest city, no strangers to intense summers or monsoon rains.

China economy grows, but Xi's new power spooks investors

China's economy grew at a faster pace than forecast in the third quarter, official data showed Monday, but investors reacted with alarm to President Xi Jinping's sweeping new powers over the ruling Communist Party.

Plastic recycling remains a 'myth': Greenpeace study

Plastic recycling rates are declining even as production shoots up, according to a Greenpeace USA report out Monday that blasted industry claims of creating an efficient, circular economy as "fiction."

Ukraine slams Russia's 'dirty bomb' claims as 'dangerous' lies

Ukraine slammed Russia on Sunday for alleging Kyiv was planning to use a radioactive bomb in its own territory, calling the claims "dangerous" lies and prompting Western allies to warn Moscow against using any pretext for escalating the conflict.

ECB again eyes jumbo rate hike to 'tame inflation beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring.

Feathers fly as Philippine cockfighting shakes off Covid closures

In a raucous cockpit in the Philippines, Dennis de la Cruz grins from ear to ear as he watches his roosters slash their opponents to death in a frenzy of blood and feathers.

China economy grows 3.9 percent year-on-year in third quarter

China's economy grew 3.9 percent year-on-year in the third quarter, according to official data released Monday, beating forecasts a day after President Xi Jinping was re-elected to a historic third term as leader.

Nine dead and 47 wounded in attack on south Somalia hotel

Nine people were killed and 47 wounded Sunday in an attack on a hotel in Kismayo, southern Somalia, claimed by the Al-Shabaab Islamist group, the region's security minister said.

Ukraine dismisses Russia's 'dirty bomb' claims as 'lies'

Ukraine on Sunday denounced as dangerous lies suggestions from Russia that it was preparing to use a "dirty bomb".

At least four dead in attack on south Somalia hotel

At least four people have been killed in an attack on a hotel in Kismayo, southern Somalia, claimed by Al-Shabaab Islamists, police and a witness said on Sunday.

$Meloni takes over as Italian PM, urges fractious allies to unite$

Meloni takes over as Italian PM, urges fractious allies to unite

Far-right leader Giorgia Meloni took office Sunday as Italy's first woman prime minister, calling on the fractious members of her coalition government to unite as they face looming crises on several fronts.

Europe faces long-term pain from energy crisis: Shell CEO

Europe faces painful "industrial rationalisation" due to its energy crisis that risks political trouble, the head of Shell warned Sunday, as the oil giant joined a natural gas project in Qatar.

Verstappen leads tributes to Red Bull founder Mateschitz

Formula One world champion Max Verstappen led the tributes on Sunday to Red Bull founder Dietrich Mateschitz, who turned the energy drink into a worldwide success and pumped money into a title-winning F1 team and several football clubs.

Far-right Meloni takes over as Italy's first woman PM

Giorgia Meloni officially took over Sunday as Italy's first woman prime minister at the helm of the country's most right-wing government since World War II.

Underground life endures near Ukraine front

Sergiy Miliutin was meant to be handing out competition awards to children at a nuclear bunker instead of sitting at his desk dealing with emergencies as his south Ukrainian city slowly lost its lights.

Sunak makes second bid to become UK's first Hindu PM

Rishi Sunak looked set for at least several years in the political wilderness after helping topple ex-prime minister Boris Johnson but then losing to Liz Truss in the summer's Conservative leadership contest.

Dubai Telegraph - Economy (English)