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Britain unveils fresh action to calm markets turmoil
Britain on Monday ramped up efforts to calm markets after a heavily criticised budget, with the government bringing forward key economic forecasts and the Bank of England boosting liquidity. - Bank of England action - The Bank of England earlier Monday revealed it was launching a temporary facility aimed at easing liquidity pressures that arose after the budget shocked markets.
US trio, including ex-Fed chief Bernanke, win economics Nobel
A US trio on Monday won the Nobel Economics Prize for research on banking's role in the economy, especially on the importance of avoiding collapses during financial crises.
Iran protesters defiant despite crackdown
Protesters in Iran remained defiant in the fourth week of a movement against the Islamic republic despite a crackdown including the use of tear gas in Tehran and reports Monday of heavy weaponry used in the Kurdish-populated northwest.
Russia fires massive missile barrage across Ukrainian cities
Russian forces launched a barrage of fatal bombardments across Ukraine early Monday, in an apparent retaliation for an explosion that damaged a key bridge to Moscow-annexed Crimea. Ukrainian President Volodymyr Zelensky in an address to the nation early Monday said the morning had been "difficult" and explained that Russian forces had two targets with its barrage of strikes.
China moves to stamp out Covid outbreaks before Communist Party Congress
China recorded more than 2,000 Covid cases on Monday, its highest level for a month, as officials imposed new lockdowns and restrictions to stop outbreaks from spreading to the capital ahead of the Communist Party Congress.
Malaysia PM calls snap elections
Malaysia's prime minister dissolved parliament Monday to clear the way for snap elections in a bid to restore political stability as the country emerges from the ravages of Covid-19 and a multi-billion dollar corruption scandal.
Malaysian parliament dissolved ahead of snap polls: PM
Malaysia's prime minister announced the dissolution of parliament Monday, allowing for snap elections aimed at bringing political stability as the country emerges from Covid-19 and the 1MDB corruption scandal. Then incumbent Najib Razak, who was embroiled in a scandal where billions of dollars were alleged to have been looted from the 1MDB sovereign wealth fund, was ousted as prime minister.
Markets sink as US jobs data fan rate hike bets
Stock markets sank Monday as forecast-beating US jobs data fanned expectations for another big Federal Reserve interest rate hike, while traders are now focusing on an upcoming inflation report.
Show of force in Mozambique's north, but jihadist threat remains
A column of brand-new armoured vehicles is parked outside what remains of a government building in Quionga, a village in Mozambique's restive northern province of Cabo Delgado. The militants had raided Quionga last year, burning down the local government office and setting up shop in the village.
AFP
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