Page 817 - World News

Brics developing tools to lead global economy, attract new members: Putin

Russian head of state emphasised that the association works for the interests of the member states

Israeli forces preventing Syrian villagers from accessing their fields

Israeli military said in a statement that it is operating within the buffer zone and in several additional locations in its proximity to ensure the security

Canada's PM Trudeau to shuffle his Cabinet today amid resignation calls

Trudeau is facing rising discontent over his leadership, and the abrupt departure of his finance minister on Monday could be something he can't recover from

US attorney involved in fraud indictment of Gautam Adani to resign

He was appointed by President Joe Biden in 2021 and will leave before President-elect Donald Trump takes office January 20

Companies that spent billions on M&A now selling at knockdown prices

Alibaba Group Holding Ltd. announced Tuesday it's going to sell Chinese department-store chain Intime to a local apparel group for $1 billion. The price is around 30% of the company's valuation

Russia's Prez Putin boasts of gains in Ukraine at annual news conference

He used the tightly choreographed event, which lasted for about 4 1/2 hours, to reinforce his authority and demonstrate a sweeping command of everything from consumer prices to military hardware

US economy grows at 3.1% pace in Q3, upgrade from previous estimate

Third-quarter growth in US gross domestic product the economy's output of goods and services accelerated from the April-July rate of 3 per cent

Immigration drives US population growth to highest rate in 23 years

The 1 per cent growth rate this year was the highest it has been since 2001, and it was a marked contrast to the record low of 0.2 per cent set in 2021 at the height of pandemic restrictions

Wall Street rebounds, dollar stalls as markets digest Fed's slowdown signal

The dollar gave back some of Wednesday's gains and gold rallied as investors grew accustomed to the reality that the central bank will take a slower, more measured approach to policy easing

Trump, not yet in office, already a figure in global economic policy

Some Fed officials incorporated 'highly conditional estimates' of Trump effects in new projections

Government shutdown at risk as Trump's demands put Speaker Johnson in bind

Trump said early Thursday that Johnson will easily remain speaker for the next Congress if he acts decisively and tough in coming up with a new plan to also increase the debt limit

Georgia court disqualifies district Attorney Willis from Trump 2020 case

The Georgia Court of Appeals' 2-1 decision Thursday is a major setback for state prosecutors in one of the two remaining criminal cases pending against Trump

Putin, Zelenskyy rule out renewal of key gas transit deal for Europe

Kyiv has refused to extend the five-year deal to ship Russian gas across Ukraine beyond its expiry at the end of this month, President Vladimir Putin said in Moscow

Suspect in killing of UnitedHealth executive transferred to NYPD custody

A grand jury in New York has indicted Mangione on 11 counts, including first-degree murder and murder as an act of terrorism

US existing home sales increase 4.8% to eight-month high in November

Home sales jumped 4.8 per cent last month to a seasonally adjusted annual rate of 4.15 million units, the highest level since March

Russia ready to compromise with Donald Trump on Ukraine war, says Putin

Asked what he might be able to offer Trump, Putin dismissed an assertion that Russia was in a weak position, saying that Russia had got much stronger since he ordered troops into Ukraine in 2022

US weekly unemployment claims unexpectedly fall 22,000 to 220,000

Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec 14

BoE keeps interest rates steady at 4.75%, but MPC members split on decision

Three of the BoE's nine-person Monetary Policy Committee - Deputy Governor Dave Ramsden and external members Swati Dhingra and Alan Taylor - voted for a quarter-point rate cut to 4.5 per cent

France mass rape trial: 50 guilty, ex-husband gets 20 years in jail

Dominique Pelicot drugged and raped his ex-wife Gisele for a decade, enlisting 50 men. Video evidence exposed the crimes, igniting calls for reform

BoE to hold key rate despite slow economic growth, high inflation

The UK's central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best.