At least 12 dead in pharmaceutical factory blast in India
At least 12 people have been killed and dozens more injured following an explosion and fire at a pharmaceutical factory in the southern Indian state o...
The Russian rouble surged past 81 to the U.S. dollar on Thursday, marking a 40% increase since the beginning of 2025.
The currency's rise is largely attributed to rising oil prices, which have bolstered Russia's main export sector. At 0900 GMT, the rouble was up by 1.5%, reaching 80.90 to the dollar in light trading ahead of the Orthodox Easter holiday. Oil prices saw a 3% jump on April 17, further supporting the rouble's gains.
This marks the rouble's strongest position since June 28, 2024, signaling a notable recovery for the Russian currency. The rouble has gained significantly since the start of the year, buoyed by expectations of easing tensions between Russia and the United States. Despite this, the rouble has remained unaffected by recent comments from U.S. Secretary of State Marco Rubio, who suggested that President Donald Trump may soon abandon efforts to broker a peace deal between Russia and Ukraine unless clear progress is made.
Against the Chinese yuan, which the Russian central bank uses for foreign exchange interventions, the rouble was up 0.1%, trading at 11.08 on the Moscow Stock Exchange. The rouble's resilience reflects both the strength of Russia's energy exports and the ongoing shift in global financial dynamics.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
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