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Turkey central bank cuts rate despite soaring inflation
Turkey's central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks set to climb further. But Turkish President Recep Tayyip Erdogan subscribes to the unorthodox belief that high interest rates cause inflation rather than rein it in.
Rabada takes five wickets as South Africa dismiss England for 165
South Africa fast bowler Kagiso Rabada completed a five-wicket haul as England were dismissed for just 165 on the second day of the first Test at Lord's on Thursday. Pope, who had reached a 69-ball fifty on the opening day, was quickly into his stride on Thursday, pulling the third ball of the day, from Rabada, for four.
Germany to lower tax on gas to help consumers
Chancellor Olaf Scholz said on Thursday that Germany would temporarily slash the sales tax on gas to help consumers facing soaring bills amid a crunch in Russian energy supplies. The surcharge is aimed at sharing out the surging costs borne by energy importers after Russia drastically choked off gas supplies to Germany following its invasion of Ukraine.
'Tornado of fire': Algeria forest blazes kill 38
Algerian firefighters were Thursday battling a string of blazes, fanned by drought and a blistering heatwave, that have killed at least 38 people and left destruction in their wake. Emergency services were still battling a blaze around Tonga lake, he said.
Hague trial set for Rwanda genocide accused Felicien Kabuga
Felicien Kabuga, an alleged financier of the 1994 genocide in Rwanda, will go on trial in The Hague on September 29 facing charges of genocide and crimes against humanity, a UN judge announced Thursday. He faces six charges including one count of genocide and three counts of crimes against humanity: persecution, extermination and murder.
Exiled rebel leader returns to Chad ahead of 'national dialogue'
An exiled rebel leader returned to Chad Thursday two days before the start of landmark talks aimed at paving the way for elections after 18 months of military rule. Deby has hailed it as a chance for reconciliation in the fractured country, opening the way to "free and democratic" elections within 18 months of the military takeover.
Russia strikes Kharkiv ahead of Erdogan, UN chief meeting with Zelensky
Russian strikes battered the northeast Ukraine region of Kharkiv Thursday, killing at least five people, hours ahead of the first face-to-face meeting since the start of the war between the Turkish and Ukrainian leaders.
16 killed, many missing in northwest China floods
Sixteen people were killed and many left missing in flash flooding in northwest China, state media reported Thursday, as the country battles extreme weather that has shuttered factories and caused rolling power cuts. Meanwhile, millions of people in southwest China are facing rolling power cuts after a crushing heatwave led to an electricity supply crunch that has forced factories to halt work.
Crisis-hit Sri Lanka warns of record 8% economic contraction
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
AFP
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