Germany hardest hit by worst flooding in Europe’s history
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BEIJING, Oct 20 (Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances. While the 4.8% growth rate met expectations and kept China on track to reach…
Magnitude 7.8 earthquake leaves 35 dead, 200 injured in Mindanao
Follow our live coverage of the June 8 Mindanao earthquake here. Police gather in front of a collapsed fast food restaurant after an 7.8 magnitude earthquake in General Santos City on June 8, 2026. (AFP) (Updated as of 11:03 p.m.) MANILA, Philippines — A magnitude 7.8 earthquake struck off Sarangani on Monday morning, killing at…
Italian banks hit with surprise windfall tax
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move that has seen shares plummet. A hike in official interest rates has resulted in record profits for Italian banks, prompting the government’s move. Proceeds will be used to help mortgage holders and to cut taxes,…
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Moscow drone attack: What we know about the strikes
Russia says Ukraine has launched “a terrorist drone attack” on Moscow, with several buildings damaged. It is the first time Moscow has been so heavily targeted in a single operation, but Ukraine denies carrying out the strikes. What was hit by the drones? The Russian military says eight drones were used in the strikes. It…
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Trump’s sanctions on Russian oil firms amid India tariffs, big Modi ‘call’ claim
This is the first time Trump has imposed Ukraine-related sanctions on Russia during his second term. The United States announced sanctions against Russian oil companies on Wednesday (local time) as a result of “Russia’s lack of serious commitment to a peace process to end the war in Ukraine”. The sanctions were announced by United States…
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Is Putin ready for peace? Abu Dhabi talks will tell.
What comes out of this week’s negotiations may finally show whether the Russian president is serious. Another round of U.S.-brokered Ukraine talks commence today in Abu Dhabi. The overall outlook remains no less bleak for Ukraine, as it inches toward the fourth anniversary of Russia’s war. Yet there are signs that what comes out of…
