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'We keep running': Ukrainian rail unbowed in face of war
Ukrainian resilience in the face of the Russian onslaught also extends to its railways, proudly declares the head of the company that has kept trains running with nary a glitch since the war began. Kamyshin said, noting that the assistance was sorely needed since the company derived most of its revenue from cargo before the war.
Norway, Swiss central banks hike rates to tame inflation
The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers ramp up the battle against runaway inflation. The SNB, which in June hiked its interest rate for the first time in 15 years, has joined a global tightening of monetary policy to tame soaring prices.
China's former justice minister faces life in prison for bribery
China's former justice minister faces life in prison after a court handed him a suspended death sentence on Thursday for taking bribes and "bending the law". Fu Zhenghua's death sentence will be commuted to life imprisonment after a two-year reprieve, the Intermediate People's Court in the city of Changchun said in a statement.
Indonesia hikes rates for second straight month to stem inflation
Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation stoked by fuel prices and the war in Ukraine. But a fuel price rise this month has put more pressure on the central bank to act.
Japan government intervenes to bolster cratering yen
Japan's finance ministry said Thursday it intervened in the currency market to bolster the yen, which has plummeted against the dollar in recent months on the widening policy gap between the US and Japanese central banks.
Yen hits new 24-year low as Bank of Japan keeps loose policy
The yen sank to a fresh 24-year low against the dollar on Thursday, with the greenback surging to nearly 146 after Japan's central bank left its ultra-loose monetary policy unchanged, a day after the Federal Reserve ramped up interest rates and warned of more to come.
Strong quake shakes Mexico, leaving one dead
A strong earthquake jolted Mexico on Thursday, leaving one person dead as people rushed out into the streets of the capital in the middle of the night, days after another powerful tremor. On the anniversary of that earthquake in 2017, a magnitude 7.1 quake left around 370 people dead, mainly in the capital.
Whale strandings: Five questions answered
The death of about 200 pilot whales at a Tasmanian beach has renewed questions about what causes such mass strandings and whether they can be prevented. Pilot whales and several smaller dolphin species are known to regularly mass strand, especially in the southern hemisphere, according to Stockin.
Markets tumble again as Fed hikes rates, warns more to come
Markets sank Thursday and the dollar rallied after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy. Commentators are now betting on a fourth straight 75-basis-point rate hike at the next Fed meeting in November.
AFP
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