The Bank of England (BoE) today raised its Bank rate of interest from 0.75% to 1%, in a bid to counter the UK’s soaring inflation rate.
UK inflation stands at 7%, and the 25-basis point hike was widely...
European Union countries will stop importing Russian oil and refined products, the head of the bloc’s executive European Commission said on Wednesday in proposing a sixth round of sanctions against...
U.S. gross domestic product shrank at a 1.4% annual rate in the first quarter of 2022.
The decline in U.S. gross domestic product marked a sharp reversal from a 6.9% annual growth rate in the fourth quarter,...
The Russian foreign ministry said Wednesday that it has banned entry to 287 British MPs after the UK blacklisted Russian lawmakers over Moscow’s military operation in Ukraine.
“In response to the decision...
The Central African Republic has adopted bitcoin as its official currency alongside the CFA franc. The country has also legalised the use of cryptocurrencies, the presidency announced on Wednesday.
The...
Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand for payment in roubles, taking direct aim at European economies in its toughest retaliation so far against international...
The Vice President of the United States, Kamala Harris, has tested positive for COVID-19.
This was announced on her official Twitter handle on Tuesday. The U.S VP tested positive for the virus despite...
Emmanuel Macron has beaten far-right challenger Marine Le Pen to win reelection in the French presidential election.
Macron took 58.5% of Sunday’s vote, making him the first French leader to be reelected...
Former Kenyan President Mwai Kibaki has died aged 90. Mwai Kibaki served two terms as president of Kenya, between 2002 and 2013.
In an announcement made this Friday by incumbent President of Kenya, Uhuru...
Elon Musk has launched a bid to buy Twitter for more than $40bn and release its “extraordinary potential” to boost free speech and democracy across the world.
The Tesla chief executive and world’s...
UK Prime Minister Boris Johnson was told on Tuesday that he would receive a fine for breaking lockdown rules at Downing Street, making him the first holder of his office to be found breaking the law in...
Russia has defaulted on its foreign debt because it offered bondholders payments in rubles, not dollars, credit ratings agency S&P has said.
Russia attempted to pay in rubles for two dollar-denominated...
Burkina Faso’s former president, Blaise Compaore was on Wednesday sentenced in absentia to life imprisonment by a military tribunal for complicity in the 1987 murder of his predecessor, Thomas Sankara...
Ukraine is prepared to discuss adopting a neutral status as part of a peace deal with Russia but such a pact would have to be guaranteed by third parties and put to a referendum, Ukrainian President Volodymyr...
US President Joe Biden has said NATO “would respond” if Russia used chemical weapons in Ukraine.
“We will respond if he uses it. The nature of the response would depend on the nature of the...
President Biden met with NATO allies on Thursday in an emergency session about Russia’s brutal war against Ukraine as the conflict reached the one-month mark.
The 30-member alliance gathered at its...
A China Eastern Airlines Boeing 737-800 with 132 people on board crashed in mountains in southern China on a domestic flight on Monday and media reported that rescue workers had found no sign of survivors.
The...
South African President Cyril Ramaphosa has blamed NATO for the war in Ukraine and said he would resist calls to condemn Russia, in comments that cast doubt over whether he would be accepted by Ukraine...
More than 2.5 million people have fled Ukraine, U.N. agencies said on Friday, and a further 2 million have been driven from their homes within the country since the start of a Russian invasion on Feb....
At least three people were killed, including a young girl, in an attack on a children’s hospital in Mariupol in southern Ukraine, local officials said on Thursday.
“Three people were killed, including...
