The World Bank (WB) has cut its global growth projection for this year from 4.1% to 2.9%, warning that many countries are likely to face recession. “Amid the war in Ukraine, surging inflation, and rising interest rates, global economic growth is expected to slump in 2022,” the Tuesday press release …
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A senior US official has vowed a “forceful response” should North Korea conduct a nuclear test, following Pyongyang’s latest ballistic missile launch over the weekend, which was matched by a similar show of force from Washington and Seoul. Speaking to reporters after a meeting with her South Korean counterpart, Deputy …
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Turkey’s Foreign Ministry has summoned ambassadors from Germany and France to issue a note of protest over the unhindered activity of the Kurdistan Workers’ Party (PKK) in their countries. Ankara warned all NATO members, and particularly Finland and Sweden, who are trying to join the bloc, that it will not …
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The EU is hoping for an increase in the volume of grain exports from Ukraine in June, European Commissioner for Transport Adina Valean said earlier this week at a meeting with EU farming ministers in Brussels. “We hope that we will be able to reach 3-4 million [tons of grain …
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Britain could soon be hit by a bottled beer shortage as glassware production costs soar, according to leading Scottish wholesaler Dunns Food and Drinks. Suppliers are already starting to struggle with a glassware shortage after prices skyrocketed by 80% over the past year due to rising energy costs. “Our wine …
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US household wealth has fallen by at least $5 trillion so far this year amid an intense market selloff, according to a JPMorgan Chase note seen by Bloomberg. The losses could amount to $9 trillion by year-end, it estimated. According to the report, US billionaires are the biggest losers in …
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Former US Open champion Sloane Stephens has firmly backed the decision to strip Wimbledon of its rankings points following its ban on Russian and Belarusian players. Stephens called the move by the WTA “correct” and said “discrimination will never be tolerated” by the women’s tour. The WTA and men’s counterpart the …
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Europe should expect a wave of monkeypox cases in the coming months, according to Hans Kluge, the World Health Organization’s top official on the continent. “As we enter the summer season… with mass gatherings, festivals and parties, I am concerned that transmission [of monkeypox] could accelerate,” Kluge said on Friday. …
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NATO needs to deal with Ankara’s objections against the potential accession of Sweden and Finland to the alliance, Secretary General Jens Stoltenberg said. The two Nordic nations have decided to seek NATO membership, but their bids have been undercut by Turkey. President Recep Tayyip Erdogan said last Friday that his …
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The European Union on Monday slashed its forecasts for economic growth in the 27-nation bloc amid the sanctions imposed on Russia over the conflict in Ukraine and disruptions to energy supplies. According to the EU’s executive arm, the European Commission (EC), real GDP growth in both the EU and the …
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