The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday.. The crisis, which sparked the downfall of former Conservative prime minister Liz Truss, threw the spotlight on non-banking financial institutions (NBFIs) and their risk to stability, the BoE noted Tuesday.
Betting on robust demand for international travel, United Airlines on Tuesday unveiled an order of 100 new Boeing 787 Dreamliners with options for an additional 100 jets.. United said it also exercised options for an additional 44 737 MAX planes between 2024 and 2026, and ordered 56 more MAX jets for 2027 and 2028.
Taken for granted by most consumers in rich countries, the humble LED lightbulb was identified on Tuesday as a strategic ally for Ukraine as Kyiv seeks to resist Russian bombing of its power grid.. Large parts of Ukraine face blackouts and regular load-shedding as the country's power grid buckles under repeated Russian air strikes.
Ghana on Tuesday agreed on a $3 billion credit deal with the International Monetary Fund as part of the country's battle to end its worst economic crisis in decades.. Major credit ratings agencies have downgraded their outlook on Ghana, reflecting market worries that the country risked missing debt payments.
Turkey said Tuesday it has cleared up a dispute linked to a Western price cap on Russian crude that had stalled the passage of tankers through the Bosphorus and Dardanelle straits.. "There are no tankers loaded with crude waiting for passage," the ministry said in a statement.
EU ministers meeting in Brussels on Tuesday struggled to bridge differences over a proposed cap on natural gas prices, a challenge stymying other measures designed to mitigate Europe's energy crunch.. She said two other measures, joint gas purchases and speeded-up authorisations for renewable energy sources, could find agreement but they were "being held hostage" by countries intent on securing a gas price cap.
The US Department of Energy is expected to announce Tuesday that its researchers have achieved a "major scientific breakthrough" regarding nuclear fusion, a technology seen as a possible revolutionary alternative power source.. The Energy Department has refused to give any specific details about what it will announce Tuesday, but a Financial Times report over the weekend has set the scientific community abuzz.
Google has a "moral obligation" to stop a democracy protest song appearing in search results, Hong Kong's leader said Tuesday, as row over China's national anthem widened to include the tech giant.. Their ire has increasingly focused on Google after it emerged that the protest song "Glory to Hong Kong" routinely appears at the top of the page when people search for Hong Kong's anthem.
Asian markets mostly rose Tuesday, with nervous investors sitting tight ahead of key US inflation data and a Federal Reserve policy decision but fresh pledges by China to open up from zero-Covid offering support.. China's shift away from its economically damaging zero-Covid policy continued to lift sentiment as the world's number two economy opens up.
The millions of containers unloaded by Rotterdam's giant cranes make it Europe's largest port, but the Dutch city is also dealing with ever larger amounts of a less welcome cargo: cocaine.. - 'Needle in a haystack' - Rotterdam mayor Ahmed Aboutaleb has deplored the fact that the port city is "drowning in cocaine", and condemns the violence that accompanies the drug trade.
