By David Lawder and Andrea Shalal WASHINGTON (Reuters) -The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2% from 4.1%, due to the impacts from Russia’s invasion of Ukraine, World Bank President Davi…
Man with knife arrested after confronting police near London’s Downing Street
LONDON (Reuters) -British police arrested a man armed with a knife who confronted two Ministry of Defence police officers near Prime Minister Boris Johnson’s official residence in central London on Monday. Police cordoned off Whitehall, which is home t…
World Bank says war to cut global growth, boosts financing target
WASHINGTON (Reuters) – The World Bank is reducing its global growth forecast for 2022 by nearly a full percentage point, to 3.2% from 4.1%, due to the impacts from Russia’s invasion of Ukraine, World Bank President David Malpass said on Monday. Malpass…
Oil rises as Libya outages add to Russia supply fears
By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Monday in choppy trade, with Brent crude topping $113 a barrel, as outages in Libya deepened concern over tight global supply amid the Ukraine crisis, offsetting worries over slowing Chinese demand. Ad…
Two captured Britons appear on Russian state TV, ask to be swapped
(Reuters) – Two British fighters captured in Ukraine by Russian forces appeared on Russian state TV on Monday and asked to be exchanged for a pro-Russian politician who is being held by the Ukrainian authorities. It was unclear how freely the two men -…
Global bond funds see big outflows in week to April 13
(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain rising price pressures, which could slow economic …
China’s Q1 GDP beats forecast, but March activity heightens risks to outlook
BEIJING (Reuters) -China’s economic activity slowed in March, with weakness in consumption, property and exports eclipsing faster-than-expected first quarter GDP growth, suggesting a worsening in the outlook as sweeping COVID-19 curbs and the Ukraine w…
COVID-shaming pits neighbour against neighbour in locked-down Shanghai
SHANGHAI (Reuters) – The tensions of lockdown have exposed divisions among Shanghai residents, pitting young against old, locals against outsiders, and above all, COVID-negative against COVID-positive people. Shanghai’s 25 million people, most of whom …
Global Citizen seeks up to $1 billion for six sustainable ‘Impact’ funds
By Simon Jessop LONDON (Reuters) – Global Citizen, an international non-profit aiming to help end poverty, said on Monday it plans to launch six funds of up to $1 billion each focused on generating environmental and social impact in the developing worl…
Dozens still missing as South Africa floods death toll rises to 443
By Siyabonga Sishi and Rogan Ward ETHEKWINI, South Africa (Reuters) – Rescuers searched for dozens of people still missing in South Africa’s KwaZulu-Natal (KZN) province on Sunday after heavy rains in recent days triggered floods and mudslides that hav…