Other News

World ‘holding breath’ over possible NKorea nuclear test: IAEA chief

  United Nations, United States | AFP | The world is holding its breath over the possibility that North Korea might undertake a nuclear bomb test, the director general of the International Atomic Energy Agency said Thursday. “Everybody is holding its breath about this, because another nuclear test would be yet another confirmation of a program which is moving full steam ahead, in a way that is incredibly, incredibly concerning,” IAEA head Rafael Grossi said […]

Russia amends law to boost forces fighting in Ukraine

Moscow, Russia | AFP | The Russian parliament on Thursday passed a law allowing ex-convicts to be mobilised into the army and other measures to prop up Moscow’s troops in Ukraine. Last month President Vladimir Putin announced the mobilisation of hundreds of thousands of reservists in the country to boost his Ukraine military campaign. People who were released from prison but hold a criminal record for serious crimes can now be mobilised into the Russian […]

ECB warns of ‘looming recession’ as it again hikes rates

Frankfurt, Germany | AFP | by Michelle FITZPATRICK The European Central Bank announced another jumbo interest rate hike on Thursday and said further increases would follow to combat soaring inflation, even as its president, Christine Lagarde, warned a eurozone recession was looming. The ECB’s 25-member governing council repeated last month’s unprecedented move and opted for another bumper increase of 75 basis points, leaving its three main rates sitting in a range of between 1.5 and […]

URGENT: Musk says buying Twitter to enable ‘healthy’ debate of ideas

New York, United States | AFP | Elon Musk said Thursday he is acquiring Twitter to enable “healthy” debate on a wide range of ideas and counter a trend in which social media splinters into partisan “echo chambers.” The billionaire entrepreneur pursued the deal “because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting […]

EU drug watchdog expects new Covid-19 wave ‘in coming week’

The European Medicines Agency says it expects a new wave of Covid-19 infections “within a week”, adding the virus is evolving faster than the ability to supply adaptive vaccines. It said that introducing pan-Covid vaccines was important for the future but admitted these vaccines were still in “early phases” of development. EMA VIA EBS / © Agence France-Presse    

ASEAN ministers ‘even more determined’ to solve Myanmar crisis

Jakarta, Indonesia | AFP | by Marchio GORBIANO Southeast Asian foreign ministers said they were “even more determined” to solve the political crisis in Myanmar during talks in Indonesia on Thursday ahead of the ASEAN leaders’ summit in November. Myanmar has been in turmoil since the military coup in February last year, but despite its expressions of concern, efforts by the Association of Southeast Asian Nations (ASEAN) have yet to bear any fruit. But “ASEAN […]

Credit Suisse says will shed 9,000 jobs by 2025

Geneva, Switzerland | AFP | by Robin MILLARD Credit Suisse announced a string of radical measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, slashing 9,000 jobs and raising fresh capital. Switzerland’s second-biggest bank launched a strategic review aimed at putting an end to a series of scandals that have shaken the institution, saying the new plan was intended to create “a simpler, more […]

US economy grows for first time this year in third quarter

  Washington, United States | AFP | The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday. Economic issues have become a flashpoint in the United States, with decades-high inflation weighing on growth and squeezing households. Fears of a downturn have intensified in the world’s biggest economy after two quarters of negative growth, commonly […]

Unilever warns high prices to continue into 2023

London, United Kingdom | AFP | British consumer group Unilever on Thursday warned that it expected prices to remain high into next year as decades-high inflation takes time to come down. “The global macroeconomic outlook remains mixed, and we expect the challenges of high inflation to persist in 2023,” Unilever’s outgoing chief executive Alan Jope said in a statement. The group whose brands include Magnum ice cream, Cif surface cleaner and Dove soap, revealed an […]

Rights group says hundreds massacred in Mali by Islamic State jihadists

  Niamey, Niger | AFP | Armed groups affiliated with the Islamic State group have massacred hundreds of people in northeast Mali this year, Human Rights Watch (HRW) said Thursday, adding the state was not doing enough to protect civilians. Tens of thousands of villagers from the Menaka and Gao regions have fled their homes after losing their livestock and belongings in attacks since March, the rights group said in a report. The abuses have […]

Russia undertakes nuclear drills as fighting heavy near Bakhmut

  Moscow, Russia | AFP | Russia’s strategic forces carried out drills Wednesday, including a test launch of a ballistic missile from a submarine, further stoking concerns that a nuclear weapon could be deployed in the Ukraine war. Russian President Vladimir Putin surveyed the drills carried out by his nuclear-capable forces as Moscow persisted in claiming, without offering evidence, that Kyiv was developing a “dirty bomb.” On Monday the Russian foreign ministry posted photographs of […]

Residents on edge as Uganda reports Ebola cases in Kampala

  Kampala, Uganda | AFP | by Grace Matsiko Uganda has reported 14 confirmed cases of Ebola in the greater Kampala region, the country’s health minister said Monday, but sought to assure anxious residents that the situation in the capital was under control. So far, the death toll across the country from the Ebola epidemic declared in late September has climbed to 44, according to World Health Organisation figures issued last week. Uganda’s health ministry […]