Global News

Another Russian Military Plane Crashes Into Building

October 23, (THEWILL) - A Russian military plane crashed into a residential building in the Siberian city of Irkutsk, on Sunday, the region’s governor said. In a post on Telegram, Irkutsk governor, Igor Kobzev, said the plane crashed into a...

UK Sinks Deep As British Pound Tumbles Against Dollar

October 21, (THEWILL) - The British pound tumbled against the dollar Friday, on political uncertainty, after the resignation of UK Prime Minister, Liz Truss, while weak economic data added to the turmoil. The dollar strengthened also on expectations that the...

BREAKING: British Prime Minister Liz Truss Resigns

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October 20, (THEWILL) - British Prime Minister, Liz Truss, announced her resignation Thursday, after six turbulent weeks in office, making her one of the shortest-serving prime ministers in British history. Truss said in a statement outside Downing Street: "We set...

French Cement Giant Lafarge Pleads Guilty To Financing Terror Groups, Fined $778m

October 19, (THEWILL) - French cement giant, Lafarge SA, will pay a $778 million fine, after pleading guilty to providing material support to Islamic State and other terror groups during the Syrian civil war, the US Justice Department (DoJ)...

King Charles To Use Buckingham Palace As Administrative Headquarters

October 17, (THEWILL) - King Charles III will not be using Buckingham Palace as his main place of residence. The New monarch will break the tradition and become the first British monarch since the 19th century not to use...

UK PM Sacks Newly Appointed Minister Of Finance Kwarteng

October 14, (THEWILL) – Prime Minister of the United Kingdom, Liz Truss, has sacked her newly appointed Chief Minister of Finance, Kwasi Kwarteng, over the worsening economic crisis. Kwarteng confirmed his dismissal in a letter posted on his Twitter handle. Recall...

Russian Invasion of Ukraine Impedes Post-Pandemic Economic Recovery in Emerging Europe and Central Asia

October 4, (THEWILL) – The ongoing war in Ukraine has dimmed prospects of a post-pandemic economic recovery for emerging and developing economies in the Europe and Central Asia region, says the World Bank’s Economic Update for the region, released...

Car Bomb Kills Minister, Eight Others In Somalia

October 4, (THEWILL) – At least nine persons including a senior regional official, were killed in a twin car bomb in central Somalia on Monday. Two cars packed with explosives were detonated minutes apart outside local government offices in Beledweyne,...

Inflation Hits 83% In Turkey

October 3, (THEWILL) – Turkey's annual inflation reached a new 24-year high of 83.45 per cent in September, the Turkish Statistical Institute said in a report on Monday. Month-on-month, consumer prices rose by 3.08 per cent, the Institute added. It was...

Brazil Election: Lula To Face Bolsonaro In Runoff

October 3, (THEWILL) – Former Brazilian President Luiz Inácio Lula da Silva, who governed Brazil between 2003 and 2010, has won the first round election against the incumbent far-right President Jair Bolsonaro. However, Lula failed to secure the overall majority...