UK hospitals bosses on Thursday warned that patient care may have to be cut to offset huge increases in energy bills over the winter months.. Businesses across the board have warned the huge increases could force many to close if the government does nothing to help.
US Treasury Secretary Janet Yellen said Wednesday she was "optimistic" about the possibility of an international agreement to set a price limit on Russia's oil exports. . "I'm really optimistic about the substantial progress that's been made by our teams and the entire G7 for making the price cap a reality," Yellen said.
Former US president Donald Trump's Truth Social app is unwelcome in Google's app store until it abides by rules regarding content moderation including violent threats, the company said Wednesday.. The app breaks rules barring content that incites physical threats and violence, according to the tech firm.
Technology giant Microsoft announced Wednesday it will create 36,000 jobs in Qatar to boost the Gulf state's efforts to move away from reliance on its oil and gas industry.. "We are adding more than $18 billion to the economy over the next five years and we are also adding more than 36,000 new jobs over the next five years," she said at a launch ceremony.
Political uncertainty and growing economic woes, including spiralling inflation and the threat of a recession, are weighing heavily on the British pound, against both the US dollar and the also struggling euro.. Against the euro, which has been weighed down by the European Central Bank's difficulties in tightening its monetary policy, the pound has fallen by two percent this year.
Ethiopian Airlines, the leading African flag carrier, on Wednesday reported a surge in profit for the last financial year, in sharp contrast to the ailing fortunes of other airlines in the region.. The state-owned airline saw a 79 percent jump in revenue to $5 billion for 12 months to July while profit skyrocketed 90 percent to $937 million, according to the country's sovereign wealth fund Ethiopian Investment Holdings (EIH).
Snapchat's parent company confirmed Wednesday it is cutting 20 percent of staff, as the troubled messaging app attempts to dig itself out amid competition and revenue woes, as well as recent quarterly losses.. In July, the company reported that quarterly losses nearly tripled to $422 million amid conditions "more challenging" than expected.
US health officials on Wednesday authorized updated Covid-19 vaccinations by Moderna and Pfizer-BioNTech that specifically target the latest strains of the Omicron variant, with the goal of jump-starting a new booster campaign.. The two updated booster shots aimed at providing "better protection against Covid-19 caused by the Omicron variant" are approved for people age 12 and above for the Pfizer shot and 18 and older for Moderna, the Food and Drug Administration (FDA) said in a statement.
Italy announced Wednesday it chose a bid by US investment fund Certares, in partnership with Delta Airlines and Air France-KLM, for exclusive talks to take over national carrier ITA Airways.. ITA Airways replaced the loss-making national carrier Alitalia, which was put under state administration in 2017, after years of fruitless attempts to find a buyer.
A French-Israeli businessman and diamond magnate insisted Wednesday he had never bribed anyone, as he sought to overturn his conviction in a vast corruption case involving mining rights in West Africa.. - 'Pact of corruption' - During the first trial, prosecutors convinced the court Steinmetz and two associates had bribed a wife of then Guinean president Lansana Conte and others in order to win lucrative mining rights in Simandou.
