The French Ernaux, who has long scrutinized himself, wins the Nobel Prize for Literature

Ernaux is the author of many largely autobiographical books Work examines gender, language, class disparities The Literature Prize is the fourth Nobel Prize this year STOCKHOLM/PARIS, Oct 6 (Reuters) – French author Annie Ernaux won the 2022 Nobel Prize in Literature on Thursday for “the courage and clinical acumen” of her largely autobiographical books examining … Read more

UN body dismisses debate over China’s treatment of Uyghur Muslims as a blow to the West

A narrow defeat seen as a blow to the West and the credibility of the UN First attempt to put China’s rights record on the agenda Muslim countries like Pakistan reject the motion China lobbied against debate on the sidelines GENEVA, Oct 6 (Reuters) – The UN Rights Council on Thursday rejected a Western-led motion … Read more

European club meets in Prague to build ‘new order’ without Russia

PRAGUE, Oct 6 (Reuters) – The European Union wants the 44 countries gathered for an inaugural summit in Prague of the European Political Community (EPC) on Thursday to underline Russia’s international isolation in the face of Moscow’s war in Ukraine, said the bloc’s diplomacy chief. However, the summit will likely be dominated by differences over … Read more

Oil hits 3-week highs as OPEC+ agrees deep cuts and US inventories fall

OPEC+ met on Wednesday and cut production despite tight supply U.S. crude and fuel stocks fell last week – EIA Price around $90 vs $120 in July US opposed to OPEC cuts wants lower prices NEW YORK, Oct 5 (Reuters) – Oil prices rose to three-week highs on Wednesday as OPEC+ agreed to its biggest … Read more

Banks Funding Musk’s Twitter Deal Face Heavy Losses

Oct 5 (Reuters) – Elon Musk’s U-turn on buying Twitter Inc could not have come at a worse time for the banks funding much of the $44 billion deal and they could face significant losses. As with any major acquisition, the banks would seek to sell the debt to get it off their books. But … Read more

Will Russia use nuclear weapons? Putin’s warnings explained

LONDON, Oct 4 (Reuters) – President Vladimir Putin, who leads the world’s biggest nuclear power, has repeatedly warned the West that any attack on Russia could provoke a nuclear response. Will Putin use nuclear weapons, how many such weapons does he order, and how might the United States and the US-led NATO military alliance react? … Read more

Exclusive: Banks divert gold supply from India to China and Turkey

MUMBAI, Oct 4 (Reuters) – Gold supplier banks have cut shipments to India ahead of major festivals to focus on China, Turkey and other markets where better premiums are on offer, sources told Reuters three bank officials and two safe deposit box operators. This could create a shortage in the world’s second largest gold market … Read more

Kremlin rejects UK media report on Russian nuclear test

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Oct 4 (Reuters) – The Kremlin said on Tuesday it did not want to take part in the “nuclear rhetoric” propagated by the West after a media report that Russia was preparing to demonstrate its willingness to … Read more

UK’s Truss refuses to rule out social cuts to fund economic plan

Pressure mounts on future benefits policy Truss and Kwarteng will present a comprehensive budget plan Truss refuses to rule out limits on social benefits BIRMINGHAM, England, Oct 4 (Reuters) – Britain’s new Prime Minister Liz Truss sparked a fresh row in her party on Tuesday by suggesting she could limit increases in benefit payments unless … Read more

Exclusive: UK government securities market resilient despite ‘major repricing’ – head of debt office

LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major revaluation”, but should comfortably absorb the £62 billion ($69 billion) of additional debt announced after the finance minister’s September 23 mini-budget Kwasi Kwarteng, the head of UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man responsible for overseeing Britain’s … Read more