Truss forced to change taxes after week of market turmoil

Truss defended the policy, and markets were concerned about the cost Kwarteng now says it was a distraction A bend made with ‘humility and remorse’ – Kwarteng The reduction in the highest tax rate was a small part of the overall plan Lawmakers have expressed concern about the government’s ruling BIRMINGHAM, England (Reuters) – British … Read more

Brazilian markets rose as Bolsonaro’s strong performance in the run-off ignited

SAO PAULO/BRASILIA (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro outperformed in the polls and secured his place in a tense run-off, denying leftist Luiz Inacio Lula da Silva an outright election victory. . first round. Bolsonaro’s unexpectedly strong performance on Sunday dashed hopes for a quick … Read more

Pakistani hospital sinks as water-borne diseases spread

The hospital in Sehwan, southern Pakistan, is overcrowded Patients flock from flood-affected areas Thousands suffer from water-borne diseases WHO warns of ‘second disaster’ after catastrophic floods SAHWAN, Pakistan (October 3) (Reuters) – The emergency room of the main government hospital in the small town of Sehwan in southern Pakistan is overcrowded. On a recent visit, … Read more

Indonesian authorities say 125 people have died in a stampede at a soccer stadium

More than 320 injured in a massive stampede The Indonesian Football Association suspends the league for investigation Police say they fired tear gas to control the crowd MALANG, Indonesia (Reuters) – At least 125 people were killed and more than 320 injured in a stampede at a soccer stadium in Indonesia, authorities said on Sunday, … Read more

Wall Street records its third consecutive quarterly loss with rising inflation and a looming recession

S&P 500 records biggest September percentage drop in 20 years All three major US stock indexes have fallen in three quarters Core inflation data is hotter than expected Indices down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK (Reuters) – The Standard & Poor’s 500 Index on Friday closed its biggest September drop in two … Read more

Kyiv says dozens were killed or wounded in Russian missile attack on Ukraine

At least 25 killed in missile attack – Ukrainian officials Civilians planning to enter Russian-controlled territory were killed Police say the attacks included at least three rockets ZAPORIZIA, Ukraine, Sept 30 (Reuters) – Dozens of civilians were killed or wounded in what Kyiv called a mock Russian missile strike on a convoy of civilian vehicles … Read more

To tackle the kimchi crisis, South Korea is draining huge cabbage warehouses

SEOUL (Reuters) – South Korean kimchi manufacturers are in deep pain — prices have plummeted as a climate change-caused cabbage shortage has driven prices up this year, compounding the damage from cheap offerings from Chinese rivals. Such is the sense of crisis surrounding the spicy, pickled side dish eaten daily by many Koreans that is … Read more

Exclusive: Europe braces for mobile network outage

PARIS / STOCKHOLM / MILAN (Reuters) – Cell phones would be unimaginable in Europe this winter if blackouts or power rationing disrupted parts of mobile phone networks across the region. Russia’s decision to halt gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine has increased the chances of an … Read more

Exclusive Twitter brands post ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaign or removed their ads from parts of Twitter because their promotional ads appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s … Read more

The European Union pledges to protect energy systems after “sabotage” in Russian gas pipelines

An EU diplomat believes the sabotage likely caused the leaks The Danish defense minister is concerned about the security of the Baltic Sea The Danish Minister of Defense met with the President of NATO in Brussels BERLIN/COPENHAGEN (Reuters) – Any deliberate disruption of the European Union’s energy networks will face a “strong and united response” … Read more