Brazilian markets have their best day since 2020 as Bolsonaro beats polls

São Paulo (Reuters) – Brazilian markets jumped on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his allies in Congress in the first round of a general election eased concerns about sharp changes in economic policy. The Brazilian currency strengthened more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP) … Read more

Truss forced to change taxes after week of market turmoil

Truss defended the policy, and markets were concerned about the cost Kwarteng now says it was a distraction A bend made with ‘humility and remorse’ – Kwarteng The reduction in the highest tax rate was a small part of the overall plan Lawmakers have expressed concern about the government’s ruling BIRMINGHAM, England (Reuters) – British … Read more

Brazilian markets rose as Bolsonaro’s strong performance in the run-off ignited

SAO PAULO/BRASILIA (Reuters) – Brazil’s real currency and stock market surged on Monday after far-right President Jair Bolsonaro outperformed in the polls and secured his place in a tense run-off, denying leftist Luiz Inacio Lula da Silva an outright election victory. . first round. Bolsonaro’s unexpectedly strong performance on Sunday dashed hopes for a quick … Read more

Pakistani hospital sinks as water-borne diseases spread

The hospital in Sehwan, southern Pakistan, is overcrowded Patients flock from flood-affected areas Thousands suffer from water-borne diseases WHO warns of ‘second disaster’ after catastrophic floods SAHWAN, Pakistan (October 3) (Reuters) – The emergency room of the main government hospital in the small town of Sehwan in southern Pakistan is overcrowded. On a recent visit, … Read more

Indonesian authorities say 125 people have died in a stampede at a soccer stadium

More than 320 injured in crowds stampede The Indonesian Football Association suspends the league for investigation Police say they fired tear gas to control the crowd MALANG, Indonesia (Reuters) – At least 125 people were killed and more than 320 injured in a stampede at a soccer stadium in Indonesia, authorities said on Sunday, after … Read more

Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK (Reuters) – Calls from the Bank of England began on Monday saying some British pension … Read more

The energy crisis creates a new European order: strong Italy and ailing Germany

MILAN/FRANKFURT (Reuters) – In the weeks following Russia’s invasion of Ukraine on February 24, Claudio Descalzi, CEO of major Italian energy company Eni. (ENI.MI)I embarked on a whirlwind of trips to Africa’s gas suppliers. The visits included meetings with officials in Algeria in February as well as talks in Angola, Egypt and the Republic of … Read more

To tackle the kimchi crisis, South Korea is draining huge cabbage warehouses

SEOUL (Reuters) – South Korean kimchi manufacturers are in deep pain — prices have plummeted as a climate change-caused cabbage shortage has driven prices up this year, compounding the damage from cheap offerings from Chinese rivals. Such is the sense of crisis surrounding the spicy, pickled side dish eaten daily by many Koreans that is … Read more

Exclusive: Europe braces for mobile network outage

PARIS / STOCKHOLM / MILAN (Reuters) – Cell phones would be unimaginable in Europe this winter if blackouts or power rationing disrupted parts of mobile phone networks across the region. Russia’s decision to halt gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine has increased the chances of an … Read more

Russia issues new nuclear warning as disputed Ukraine referendum ends

Putin ally issues stark new nuclear warning NATO says it won’t go to war after a nuclear strike Voting ends on Ukraine’s annexation Russian undersea gas pipelines mysteriously damaged LONDON/ZAPORECHA, Ukraine (Reuters) – An ally of President Vladimir Putin issued a stark new nuclear warning to Ukraine and the West on Tuesday, as Russia began … Read more