EW YORK, Aug 5 (Reuters) – A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve. read more The S&P 500 (.SPX) has walked a tightrope this...
Author: Berliner Tribüne (Berliner Tribüne)
UK’s Supreme Court to hear Scottish independence case in October
LONDON, July 21 (Reuters) – Britain’s Supreme Court on Thursday said it would hear a legal case in October to establish whether the Scottish government can hold an independence referendum without consent from Westminster. Scottish first minister Nicola Sturgeon is seeking to hold a new independence referendum, but British Prime Minister Boris Johnson has declined...
Asian stocks log best week in months; dollar lurks below highs
TOKYO, July 22 (Reuters) – Asian stock markets recorded their best week in months on Friday and the dollar held off recent record highs after the European Central Bank (ECB) unexpectedly ended its negative interest rate policy, but U.S. futures fell on fears of poor tech earnings. Ahead of the Europe open, FTSE 100 futures...
Taiwan’s speaker warns of Chinese ambitions in Prague, China protests
PRAGUE, July 20 (Reuters) – Taiwan parliament speaker You Si-kun warned against China’s power ambitions in a speech at the Czech parliament on Thursday in a visit drawing a rebuke from Beijing. You said Taiwan was gaining more say internationally but that also authoritarianism was on the rise. “I would like to speak to all...
Wildfires rage across Europe as climate alarm sounded
ATHENS/LONDON, July 20 (Reuters) – Emergency services battled wildfires across swathes of southern Europe amid mass evacuations on Wednesday, as warnings sounded in London after Britain’s hottest day that the fight against climate change needed to be stepped up. Hundreds fled in central Italy as gas tanks exploded in a forest fire near the Tuscan...
Shafique’s epic 160* leads Pakistan to fourth-innings glory
Pakistan 218 (Babar 119, Jayasuriya 5-82) and 344 for 6 (Shafique 160*, Babar 55, Jayasuriya 4-135) beat Sri Lanka 222 (Chandimal 76, Shaheen 4-58) and 337 (Chandimal 94*, Kusal Mendis 76, Oshada 64, Nawaz 3-88) by four wickets A tense final morning, in which Pakistan had 120 to get with seven wickets in hand, began with the closest...
EU agreed seventh package of anti-Russian sanctions
BRUSSELS, July 20. /TASS/. The EU Permanent Representatives Committee (Coreper) agreed the seventh package of sanctions against Russia, a source in EU institutions told reporters on Wednesday. “The Coreper agreed the seventh package of sanctions, including gold embargo, black list expansion and updates to financial and trade sanctions,” the source said. According to European sources...
EU tells members to cut gas usage amid new Putin warning
BRUSSELS/LONDON, July 20 (Reuters) – The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop. Deliveries via Nord Stream 1, which accounts...
Orientalism: How Western Writers painted non-Europeans since Colonization
By Dr Majid Khan Since the West started colonization the other regions of the world, literary work from Western writers also came out however, in such books the people of the East were depicted as downgraded or subhuman. Edward Said, a Palestinian intellectual, literary theorist, and historian of the colonial narrative – said explained how...
Sri Lanka’s ousted president says he ‘took all possible steps’ to prevent crisis
COLOMBO, July 16 (Reuters) – Sri Lanka’s ousted president Gotabaya Rajapaksa, who fled overseas this week to escape a popular uprising against his government, has said he took “all possible steps” to avert the economic crisis that has engulfed the island nation. Rajapaksa’s resignation was accepted by parliament on Friday. He flew to the Maldives...