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IN THE NEWS

Ford-backed electric battery venture approved for $9.2bn US loan

Ford-backed electric battery venture approved for $9.2bn US loan

A Ford joint venture to build three new electric vehicle battery plants is set to receive up to $9.2 billion in US federal loans under a program backed by President Joe Biden, officials announced Thursday.

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Church of England dumps all oil and gas investments

Church of England dumps all oil and gas investments

Campaigners on Thursday hailed a move by the Church of England to exclude all oil and gas majors from its investment portfolio because of climate concerns.

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'Debris' found in search for missing Titanic sub

'Debris' found in search for missing Titanic sub

A "debris field" has been discovered by an underwater robot searching near the wreck of the Titanic for a missing submersible with five people on board, rescuers said Thursday.

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BoE hikes rate half-point over stubborn inflation

BoE hikes rate half-point over stubborn inflation

The Bank of England lifted Thursday its key interest rate by a half-point to five percent to tackle stubbornly high inflation, despite such a move worsening a cost-of-living crisis.

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UN puts Russia on 'list of shame' over children in conflict

UN puts Russia on 'list of shame' over children in conflict

The United Nations has put Russian military forces and proxy armed groups on its "list of shame" over violating children's rights in its war in Ukraine, according to a document seen by AFP Thursday.

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Sabalenka, Gauff crash out in Berlin

Sabalenka, Gauff crash out in Berlin

Top seed Aryna Sabalenka and US star Coco Gauff suffered setbacks in their Wimbledon build-ups on Thursday when they slumped to second round losses at the Berlin WTA tournament.

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Red Cross federation chief stepping down

Red Cross federation chief stepping down

The head of the Red Cross federation, the world's largest humanitarian network, is stepping down, a spokesman confirmed Thursday, following a row in Italy surrounding the Rome Pride event.

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Rich countries pledge $2.7 bn to decarbonise Senegal economy

Rich countries pledge $2.7 bn to decarbonise Senegal economy

A group of wealthy nations and multilateral development banks have promised to mobilise 2.5 billion euros to help Senegal reduce its dependence on fossil fuels, President Macky Sall said Thursday.

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Biden, Modi salute 'defining partnership' as US invests big in India

Biden, Modi salute 'defining partnership' as US invests big in India

US President Joe Biden on Thursday hailed a "defining partnership" with India as he rolled out the red carpet for Prime Minister Narendra Modi, sealing major defense and technology deals as Washington bets big on New Delhi as a counterweight to China.

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Ukrainian strike hits key Russian-held bridge

Ukrainian strike hits key Russian-held bridge

A Ukrainian strike damaged a bridge that connects southern Ukraine to the annexed Crimean peninsula, a Russian official said on Thursday, as fresh tensions ballooned over a Moscow-held nuclear power plant.

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