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Turkey nearly doubles interest rate in Erdogan policy U-turn
Turkey's central bank on Thursday reversed years of unconventional economics promoted by President Recep Tayyip Erdogan and nearly doubled its key interest rate to fight inflation and steady the troubled lira.
CAS sets date for appeals over Valieva doping exoneration
The Court of Arbitration for Sport on Thursday set a date for hearing appeals that followed the exoneration of Russian figure skating prodigy Kamila Valieva for a positive dope test.
King Charles and Queen Camilla celebrate first Royal Ascot winner
King Charles III along with his wife Queen Camilla recorded his first win at Royal Ascot since he succeeded his late mother Queen Elizabeth II as Desert Hero won the King George V Stakes on Thursday.
Biden calls religious pluralism 'core principle' for India, US
President Joe Biden on Thursday called religious freedom a "core principle" for India and the United States, in a gentle nudge as he welcomed India's Hindu nationalist prime minister, Narenda Modi.
Bolsonaro faces political ban as Brazil trial opens
Ex-president Jair Bolsonaro faced an eight-year ban on running for office as Brazil's top electoral court began trying the far-right leader Thursday over his unproven allegations against the voting system during last year's elections.
US home sales tick up in May but activity muted
Sales of existing homes in the United States edged up in May but activity remained muted on tighter supply and with interest rates still elevated, according to industry data released Thursday.
Cash-strapped Pakistan to lease part of Karachi port to UAE for $220 million
AD Ports Group of the United Arab Emirates (UAE) signed an agreement Thursday to take over the running of part of Pakistan's main Karachi docking facility in a deal worth an immediate $220 million, the company said.
Stock markets fall as central banks hike rates
Stock markets retreated Thursday as a clutch of central banks in Europe hiked interest rates again to combat persistently high inflation.
US Fed official says more rate hikes necessary
A senior US Federal Reserve official said Thursday that additional interest rate hikes are needed to tackle historically high inflation.
Climate goals depend on fixing global finance: top economist
If world leaders and the heads of multilateral development banks gathered at a Paris summit recognise that climate goals depend on revamping the architecture of global finance, it would be a "historic" development, a top development economist said Thursday.
First Olympic Esports Week kicks off in Singapore
Athletes appeared to be teleported on stage and a larger-than-life projection of the IOC president addressed the crowd as the first-ever Olympic Esports Week kicked off in Singapore on Thursday.
Erkan: Former Wall Street star overseeing Turkey's troubles
Hafize Gaye Erkan can be forgiven for approaching her new job with caution after moving from the bright lights of Wall Street to the treacherous terrain of Turkey's much-maligned central bank, a place where job security is scarce.
Beijing records hottest June day as extreme heat sears northern China
Beijing logged its hottest June day since records began on Thursday, the national weather service said, as swathes of northern China sweltered in 40-degree heat.
Ducatis roar into Assen dominating the MotoGP field
MotoGP heads to the Dutch Grand Prix on Sunday fresh from a thrilling race in Germany that seemed to demonstrate a continental shift in the balance of biking power.
Olympic chief criticises Ukraine for 'sanctioning' its own athletes
Olympic chief Thomas Bach on Thursday criticised the Ukrainian government for "sanctioning" its own athletes by not allowing them to compete in recent global competitions.
US Coast Guard still focused on sub 'rescue' despite oxygen crunch
A multinational mission to find a missing submersible near the Titanic wreck is still focused on rescuing the five-member crew alive, the US coast guard insisted Thursday, despite fears that the vessel's oxygen may already have run out.
IOC guarantees boxing's place at Olympics despite ejecting IBA
The International Olympic Committee on Thursday withdrew its recognition of boxing's governing body, the IBA, but said the sport would be on the programme at the 2024 and 2028 Games in Paris and Los Angeles.
BoE hikes rate half-point as high inflation persists
The Bank of England Thursday lifted its key interest rate by a half-point to five percent to tackle stubbornly high UK inflation despite such a move worsening a cost-of-living crisis.
Outrage boils year after deadly Spain-Morocco border crush
The death of at least 23 migrants during an attempt to cross into Spain's North African enclave of Melilla from Morocco one year ago prompted an outcry over police actions, but advocates say no-one has been held responsible.
Turkey hikes interest rate in Erdogan policy U-turn
Turkey on Thursday pivoted away from years of unconventional economics promoted by President Recep Tayyip Erdogan as the central bank nearly doubled its key interest rate to fight inflation and steady the troubled lira.
UK's Wallace out of running for NATO job
British Defence Secretary Ben Wallace has ruled himself out of the race to become NATO's next chief, as the alliance mulls extending Jens Stoltenberg in the role.
Ukrainian strike hits Crimea bridge
A Ukrainian strike damaged a bridge that connects south Ukraine to the annexed Crimean peninsula, a Russian official said on Thursday as tensions again rose over a Moscow-held nuclear power plant.
Russian court upholds extension of US reporter's detention: AFP
A Russian court on Thursday rejected an appeal to release US reporter Evan Gershkovich from detention in Moscow, an AFP journalist in the courtroom said, ahead of his trial on contested espionage charges.
Britain's National Portrait Gallery reopens after 3-year renovation
The National Portrait Gallery in London reopened to the public on Thursday following a three-year closure for renovation, seeking to make its updated collection more "representative" of modern Britain.
European airlines hit by 'greenwashing' complaint
European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17 companies of greenwashing, the practice of making misleading climate-related claims.
One still missing after Paris building blast injured 50
One person was still missing on Thursday after a blast ripped through a building in central Paris, while six others were in critical condition receiving urgent treatment in hospital as rescuers sifted through wreckage.
Ireland's debate on neutrality derailed by anti-NATO protest
A public debate on Ireland's international security policy, including its long-standing military neutrality, was disrupted by an anti-NATO demonstration in its opening session on Thursday.
Musk and Zuckerberg call out each other for cage fight
Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.
Beijing temperatures near record as extreme heat sweeps northern China
Beijing on Thursday appeared to log its hottest June temperature since reliable records began, according to weather data and local media reports, as swathes of northern China sweltered in 40-degree heat.
European stock markets retreat as central banks hike rates
European stock markets retreated Thursday as traders track more rate hikes from central banks aimed at cooling elevated inflation.
First Olympic Esports Week kicks off
The first-ever Olympic-organised Esports Week kicked off in Singapore on Thursday, but an IOC official said there is currently no plan to include video games in the Olympic program.
Tank rounds and war trophies as Ukraine shows retaken villages
Moments after Ukrainian soldiers in their nation's east noted a brief lull in fighting, a Russian tank round smashed into the ground nearby, sending a column of soil upwards.