Hammond says economy needs support despite third quarter growth
The Chancellor of exchequer Philip Hammond said he would need to take steps to support growth in his first budget statement next month, despite data on Thursday showing the economy slowed less than expected after Britain voted to leave the European Union. "I think it is right that we still prepare to support the economy during the coming period to make sure that we get through this period of uncertainty," Hammond told reporters.
EU lawmakers: 2 Yazidi women win EU human rights prizeBRUSSELS (AP) ? Two Yazidi women who survived sexual enslavement by the Islamic State before escaping and becoming advocates for their people have won the EU's Sakharov Prize for human rights.
Deutsche Bank defies predictions with surprise Q3 profit
Troubled German lender Deutsche Bank reported Thursday a surprise profit in the third quarter, confounding expectations of further expensive legal pain for the Frankfurt institution. "We continued to make good progress on restructuring the bank," chief executive John Cryan said in a statement. Deutsche booked 256 million euros ($279 million) in profit attributable to shareholders between July and September.
Fowler rides Ryder Cup confidence to strong start in HSBC
SHANGHAI (AP) ? Rickie Fowler dropped by PGA of America headquarters in Florida with the Ryder Cup trophy last week as a way to let the employees share in the U.S. celebration. The trophy stayed behind. Fowler brought memories of Hazeltine all the way to China.
Two Yazidi survivors of IS group win Sakharov prize: sources
Two Yazidi women activists who escaped the Islamic State group in Iraq won the European Parliament's prestigious Sakharov human rights prize on Thursday, European sources told AFP. The prize will be awarded to Nadia Murad and Lamia Haji Bashar during a midday session of the assembly in Strasbourg, France, the sources said shortly before the official announcement. Named after the dissident Soviet scientist Andrei Sakharov, who died in 1989, the prize is awarded every year to honour individuals who combat intolerance, fanaticism and oppression, often falling foul of their governments as a result.
2 Eritrean pilots defect to Ethiopia with jets, group saysADDIS ABABA, Ethiopia (AP) ? Two Eritrean pilots have defected with their fighter jets to neighboring Ethiopia, an Eritrean opposition group confirmed Thursday, in a dramatic exit from one of the world's most closed-off states.
UN preparing for possible chemical attack in Iraq's Mosul
BAGHDAD (AP) ? The U.N.'s public health agency said Thursday it has trained 90 Iraqi medics in "mass casualty management," with a special focus on chemical attacks, as part of its preparations for Iraq's operation to retake Mosul from the Islamic State group.
Nigeria's Buhari to meet Niger Delta leaders next week -oil minister
LAGOS (Reuters) - Nigerian President Muhmmadu Buhari will meet leaders of the restive Niger Delta in Abuja next week, the oil minister said on Thursday. "Our target is to ensure zero militancy in the area," Emmanuel Ibe Kachikwu told a forum in Abuja. (Reporting by Felix Onuah and Ulf Laessing; Editing by Kevin Liffey)
Italy counts the cost as thousands flee twin quakes
Italy was counting the cost Thursday after twin earthquake in the centre of the country forced thousands to flee their homes in terror but "miraculously" did not cause any fatalities. The national civil protection agency described the damage as "very significant" but said they were not aware of anyone trapped under rubble. More than 100 aftershocks rattled the area through the night after the initial two were felt in Rome, some 175km (110 miles) away from the epicentres.
Gilt yields hit post-Brexit highs, sterling rises after UK dataBy Anirban Nag LONDON (Reuters) - British gilt yields surged to a post-Brexit peak while sterling hit a one-week high on Thursday, after data showed the economy had grown faster than expected in the third quarter, reducing the chances of an interest rate cut in the near term. The benchmark 10-year gilt yield rose 7 basis points to 1.23 percent , the highest since the Brexit vote in June, dragging other European government bond yields higher. Compared with the third quarter of last year, growth picked up to 2.3 percent, the strongest pace in more than a year, according to the preliminary figures from the Office for National Statistics.