Some investors turn cautious on Egypt’s lucrative carry trade
Some foreign investors are becoming cautious about buying domestic Egyptian treasuries due to jitters over emerging markets and the sustainability of high Egyptian yields. Egypt's...
As inflation soars, Turkish newlyweds stock up on food and dream of travel
Ezgi and Cagri Bektas Dag hoped to travel and indulge in a few luxuries after getting married in May. Instead, the couple from Izmir in...
UK’s Truss says: nothing has changed in Brexit talks after Frost quit
Britain's foreign minister Liz Truss, thrust into post-Brexit talks with Brussels after the resignation of Brexit minister David Frost, said London's position remained unchanged and...
Biden to deliver free tests, military doctors to battle surging Omicron
The Biden administration will open federal COVID-19 testing sites in New York City this week and buy 500 million at-home rapid tests that Americans can...
UK PM says wine and cheese gathering was ‘people at work’
Boris Johnson issued the latest of a string of denials on Monday that he and his staff had broken lockdown rules after a photograph appeared...
UK borrowing falls by almost 50% as pandemic spending eases
British public borrowing nearly halved in the first eight months of the 2021/22 financial year compared with a year earlier when finance minister Rishi Sunak...
Commodity, travel segments lead recovery in UK stocks; Omicron fears loom
UK shares rebounded on Tuesday, led by commodity and travel stocks, though investor fears lingered over the prospect of renewed restrictions amid a surge in...
UK offers 1 billion pounds to firms hit hardest by Omicron
Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of Omicron variant coronavirus cases, which...
US stocks sink on Omicron surge, setback to Biden’s economic plan
Investor sentiment sagged as concern about President Joe Biden’s economic agenda and the omicron coronavirus surge dragged down stocks. Traders said lower volume ahead of...
Russia-US escalation: How did we get here?
Over the past year, tensions between Russia on one side and Ukraine and the West on the other, have flared, fuelling fears of another armed...