Floods Hit Rijeka in Croatia After Torrential Rain

A man died during a flooding in a northern Adriatic Sea port in Croatia after the town was hit by a storm and a torrential rainfall, authorities said on Thursday.
Huge amounts of water drenched Rijeka on Wednesday evening, bursting into houses and submerging the town’s squares and streets.
Officials said as much rain fell in just two hours as normally falls in a month.
Emergency crews had to take out a group of children from a playroom in Rijeka as the water started coming in, said firefighter Mladen Sculac.
A local school and dozens of other buildings have been damaged in the flooding, he added….

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3 Russian Cosmonauts Return Safely From International Space Station

MOSCOW—Three Russian cosmonauts returned safely on Thursday from a mission to the International Space Station.
The Soyuz MS-21 spacecraft carrying Oleg Artemyev, Denis Matveyev, and Sergey Korsakov touched down softly at 4:57 p.m. (1057 GMT) at a designated site in the steppes of Kazakhstan about 150 kilometers (about 90 miles) southeast of the city of Zhezkazgan.
The trio arrived at the station in March. For Artemyev, the mission marked a third space flight that has brought his total time spent in orbit to 561 days. Matveyev and Korsakov each logged 195 days on their first missions.
As the Soyuz capsule was descending on a big striped red-and-white parachute under clear skies, Artemyev reported to the Mission Control that all members of the crew were feeling fine….

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Evidence of Grocery ‘Greedflation’ Is Weak, Says Canadian Food Researcher

Available evidence suggesting that grocers are increasing food prices under the guise of inflation—a phenomenon also known as “greedflation”— is “weak, at best,” says  Sylvain Charlebois, a Canadian researcher and professor in food policy and distribution.
“Accusations of gouging in the food industry have reached an all-time high,” Charlebois said while testifying before the House of Commons finance committee on Sept. 28.
Charlebois said a recent survey found that 80 percent of Canadians believe food corporations “are taking advantage of the inflationary cycle to increase prices.”
Charlebois, who is the director of Agri-Food Analytics Lab, said he has investigated the matter with the help of several other food distribution researchers and found that “any evidence of ‘greedflation’ in food retail in Canada is weak at best.”…

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4th Leak Reported on Nord Stream Pipelines in Baltic Sea

STOCKHOLM—A fourth leak on the Nord Stream pipelines has been reported off southern Sweden, the Swedish coast guard said Thursday.
“We have leakage at two positions” off Sweden, coast guard spokesperson Mattias Lindholm. There are two more off Denmark, he said.
Two of the leaks are on the Nord Stream 1 pipeline that recently stopped supplying gas, while the other two are on Nord Stream 2 that never started operating. Although they were not running, both pipelines were filled with gas, which has escaped and bubbled to the surface.
The Nord Stream pipelines run through the Baltic to transport gas from Russia to Germany. The Danish and Swedish governments believe that the leaks off their countries were “deliberate actions.”…

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Advanced Economies Have ‘No Confidence’ in China’s Xi Jinping: Global Survey

Public opinion of China has plummeted among the world’s most advanced economies under the reign of Chinese Communist Party (CCP) leader Xi Jinping.
A new global survey by the Pew Research Center found that the opinions of large majorities in the world’s developed nations had turned “precipitously more negative” regarding China due to the leadership of Xi and the authoritarian direction of the CCP under his rule.
“A large majority of Americans see China unfavorably amid concerns about China’s policies on human rights, its partnership with Russia, and other factors,” the survey said.
Negative perceptions of China in the United States have more than doubled since Xi took office in 2012, the survey found, with 82 percent of American respondents expressing an “unfavorable opinion” of China this year—that number is up from 40 percent in 2012….

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Gas Prices up by as Much as Almost 20 Cents in Some Canadian Cities

Gas prices jumped overnight in some cities across Canada by as much as almost 20 cents.
According to the CAA’s gas price tracker, the price of gas is up nationally by just over three cents on average at 158 cents per litre, with some provinces seeing higher jumps than others.
In Alberta, prices are up by six and a half cents: almost nine cents in Edmonton and nine and a half cents in Sherwood Park.
Across Ontario, prices are only up by two cents compared to Wednesday, but in some cities it’s a different story.
In Thunder Bay, gas prices are up by almost 20 cents, and in Peterborough by 11 cents, compared to just around a cent in Toronto….

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UK Government ‘Undercutting’ Key Economic Institutions: Former Central Bank Governor

The UK government has been working at “cross-purposes” with the central bank and “undercutting” the country’s key economic institutions, a former governor of the Bank of England has warned.
Sir Mark Carney, who served as governor of the Bank of England from 2013 to 2020, criticised the government’s mini-budget, which has led to turmoil in the financial markets.
Chancellor Kwasi Kwarteng on Sept. 23 unveiled the biggest package of tax cuts in half a century, which was aimed at spurring growth in the UK economy but sparked panic among investors concerned about increased government borrowing, causing the pound to fall and borrowing costs to soar….

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Why Is Nothing Being Done About the Claim That Children Were Murdered in Canada’s Residential Schools?

Commentary
Over the last two years, innumerable news reports have been published about missing children and mass or unmarked graves at Indian Residential Schools (IRS) from across Canada. First, the news that the graves of 215 students were discovered at the Kamloops Indian Residential School at the end of May 2021 was shocking, to say the least. (Even I was shocked and I lived and worked in two residential schools.)
Since then, many other reports have claimed that hundreds, if not thousands, of indigenous children died, or were murdered, and their bodies were secretly buried, often in the dead of night. In fact, Justice Murray Sinclair told CBC Radio host Matt Galloway that he thinks that as many as 15,000 to 25,000 IRS students are missing and perhaps murdered. It is with this background that New York Times called its story on the topic “’Horrible History’: Mass Graves of Indigenous Children Reported in Canada.”…

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H&M to Cut Costs as Profits Hit by Inflation, Cautious Shoppers

STOCKHOLM—H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits.
In Europe, where H&M does the bulk of its business, the Ukraine conflict, record energy prices and high inflation are weighing on consumer confidence, and households are cutting back on spending.
The Swedish group’s third quarter pretax profit fell to 689 million crowns ($60.9 million) from 6.09 billion a year earlier, well below the 2.98 billion expected by five analysts polled by Refinitiv.
CEO Helena Helmersson told Reuters a big part of the savings programme would come from simplifying organisational structures and buying fewer tech services. Less business travel and lower office rents were other aims of the programme, she said….

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World Bank’s Malpass Sees Risk of Stagflation, Likely Recession in Europe

WASHINGTON—World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagflation, or a period of low growth and high inflation.
In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China’s growth was slowing sharply and U.S. economic output had contracted in the first half of the year.
Those developments would have grave consequences for developing countries, Malpass said, citing what he called “consequential” and “worsening” challenges facing development….

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