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IN THE NEWS

China cuts key mortgage reference rate as Covid bites

China cuts key mortgage reference rate as Covid bites

China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities.

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Ukraine slams Russian campaign in Donbas 'hell', US readies $40 bn in aid

Ukraine slams Russian campaign in Donbas 'hell', US readies $40 bn in aid

The renewed Russian offensive in Ukraine's Donbas has turned the eastern region into "hell", President Volodymyr Zelensky said, as the United States approved a gargantuan $40-billion aid package for the country.

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Vintage Mercedes fetches record €135 mn at auction

Vintage Mercedes fetches record €135 mn at auction

A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping 135 million euros ($143 million), making it the most expensive car ever sold, RM Sotheby's announced Thursday.

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What is still at stake in Europe's top leagues

What is still at stake in Europe's top leagues

Four of Europe's top five leagues come to a conclusion this weekend, with plenty still to be decided and the Premier League and Serie A titles still up for grabs.

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Asian markets up after Wall Street battering over recession fears

Asian markets up after Wall Street battering over recession fears

Asian markets opened higher Friday, as bargain-hunters capitalised on the battering Wall Street took the day before after decades-high inflation sparked recession fears.

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Tatum scorches Heat as Celtics square series

Tatum scorches Heat as Celtics square series

Jayson Tatum scored 27 points as the Boston Celtics roared back to level the NBA Eastern Conference finals series with a 127-102 thrashing of the Miami Heat in game two on Thursday.

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Higher wall, Covid policy make US border more deadly

Higher wall, Covid policy make US border more deadly

Horrific fractures, punctured lungs and a traumatic miscarriage: Jay Doucet has seen the severity of his patients' injuries worsen as more migrants fall from a growing border wall in their bid to evade a pandemic-imposed legal blockade.

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Bolsonaro to meet Elon Musk in Brazil: government source

Bolsonaro to meet Elon Musk in Brazil: government source

Brazilian President Jair Bolsonaro is set to meet with billionaire Elon Musk on Friday, according to a government source.

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Davos returns under Ukraine cloud after Covid break

Davos returns under Ukraine cloud after Covid break

The world's political and business elite will hobnob in Davos next week after a two-year break caused by Covid, with the Ukraine war set to dominate the exclusive Swiss mountain summit.

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Boeing's Starliner encounters propulsion problems on way to ISS

Boeing's Starliner encounters propulsion problems on way to ISS

American aerospace giant Boeing's Starliner capsule was heading for the International Space Station Thursday, in a critical uncrewed test flight that followed years of failures and false starts.

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