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Bangladesh evacuates hundreds of thousands ahead of cyclone
Hundreds of thousands of people were being evacuated Monday from the path of a cyclone careening towards densely populated, low-lying Bangladesh, according to officials. The 1970 Bhola cyclone, one of the world's worst natural disasters, killed several hundred thousand people in Bangladesh -- then known as East Pakistan -- and India.
Will Bibi make a comeback in Israel's vote next week?
A week before Israel's fifth general election in less than four years, one question dominates: will the hawkish ex-prime minister Benjamin Netanyahu return to power?
Japan minister resigns after Unification Church scrutiny
A Japanese minister resigned on Monday following allegations over his ties to the Unification Church, which is under renewed scrutiny after the assassination of former prime minister Shinzo Abe.
Pakistan journalist dies in alleged Kenya police shooting: investigators
A top Pakistani news anchor was shot dead in Kenya -- allegedly by police -- just months after he fled his home country to avoid sedition charges, investigators said Monday. "I lost friend, husband and my favourite journalist today, as per police he was shot in Kenya," Sharif's wife Javeria Siddique tweeted Monday.
New PM inherits UK economy in crisis
Britain's new prime minister, set to be former finance minister Rishi Sunak, inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss. - 'Sunak stability' - Truss resigned last Thursday after just 44 days as prime minister.
Aid slowly reaches Nigerian flood victims
Along a highway engulfed by dark waters, Nigeria residents load dozens of boats full of food to bring assistance to the victims of the country's worst floods in a decade. In 2012, particularly deadly floods ravaged Nigeria, but residents said this year's disaster was becoming much worse.
Philips to cut 4,000 jobs as recall losses deepen
Dutch medical device manufacturer Philips said Monday it will slash 4,000 jobs after a massive financial hit for a recall of faulty sleep respirators pushed it into loss. - 'Class-action lawsuits' - Philips first announced a recall in June 2021 after sound-dampening foam on some of its sleep respirators was found to degrade under certain conditions.
Eurozone contracts further as Germany heads for recession
Germany, the EU's top economy and Europe's export powerhouse, looks headed for imminent recession, according to a closely watched survey Monday that pointed to a deepening eurozone contraction. There are "growing signs of an impending recession in the eurozone's largest economy," S&P Global Market Intelligence said as it released its eurozone purchasing managers' index for October.
Credit Suisse to pay 238 mn euros to settle French fraud probe
Credit Suisse has agreed to pay 238 million euros ($234 million) to avoid prosecution on French money laundering and tax fraud charges, according to a settlement approved Monday by a Paris court. The settlement will see Switzerland's second-largest bank pay a fine of 123 million euros and pay an additional 115 million euros in damages and interest to the French state.
AFP
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