A fire broke out in the Northern Gaza strip killing at least 21 people including seven children. It took the firefighters more than an hour to control the massive flames. The ambulances rushed several people to the nearby local hospital. The blaze erupted on the third floor of a three-storey building.

Gaza: At least 21 including 7 children killed in building fire

US House speaker Nancy Pelosi, a trailblazer and one of the longest-serving politicians in the US has decided to step down from the House leadership role. Pelosi, who has served two terms as the speaker said that she will remain in the Congress but will not seek any leadership role.

US: Nancy Pelosi to stay in Congress but not run for leadership roles

New York Governor Kathy Hochul has declared a state of emergency starting on Thursday, warning of a major winter storm, she declared a state of emergency covering 11 counties. All the residences have been informed to be ready for the worst case scenarios.

US: New York braces for dangerous storm; 11 counties identified to be at greater risk

The last batch of bracelets from the made by the Azovstal steel plant is now on sale across Ukraine. The steel plant in Mariupol became a symbol of the Ukrainian resistance to the Russian invasion.

Russia-Ukraine War: Last batch of bracelets from Azovstal steel plant on sale across Ukraine

North Korea has fired a suspected intercontinental ballistic missile yet again! This comes just a day after it launched a smaller missile and warned of fiercer responses to the United States for boosting its security presence in the region.

North Korea fires ballistic missile, again!; Japan's PM Fumio Kishida says 'it fell in Eez'

Climate talks appeared stalled on major issues on Thursday at the COP27 Climate Summit in Egypt with a possibilities of a deal were renewed by a surprise offer from the European Union. EU's proposal came on the two of the most talked about issues - compensation for climate disasters and pollution cuts.

WION Climate Tracker: EU's surprise proposal at COP27 - compensation & pollution cuts

Starbucks employees un the US went on a strike on Thursday against the illegal retaliation against union supporters nationwide and also against the company's refusal to bargain with the union on a first labour deal.

World Business Watch: Starbucks workers at more than 100 stores go on strike in US

UK where ushering in new austerity, the new government is taking first steps to pull back economy from the brink. Announcing the statement, new Finance Minister Jeremy Hunt unveiled an austerity budget on Thursday with $65 of tax hikes and massive spending cuts.

UK's economy slides into recession, Hunt hunts for elusive balance

In the latest on Twitter saga, reports say that Twitter offices are being closed immediately and the badge exists to employees is being revoked as well. Twitter employees were given an ultimatum to either leave or go hardcore.

Twitter chaos: Mass exodus after Musk's ultimatum, offices temporarily closed, say reports

Amazon said that there would be more role reductions at its annual planning process extends into next year which means more layoffs could come at the E-commerce giant. Leaders continue to make adjustments, Alibaba has said, the e-commerce giant also said decision will be shared with the employees.

World Business Watch: Amazon layoffs to extend into 2023, more role reductions at company

As Covid-19 curves and a worsening economic outlook stifled, Chinese e-commerce giant, has posted low digit rise in quarterly revenue but slightly below expectations and retail spending in China has sacked this year. Alongside government's zero-Covid policy have led to frequent snap lockdowns.

World Business Watch: Alibaba misses quarterly expectations; spending slows

Japan and a weak Yen has pushed up cost of imported commodities in the country, they were already surging due to global supply constraints now. This has led to the jump in Japan's core consumer inflation that has accelerated to 40-year high.

World Business Watch: Japan's inflation hits 40-year high; commodities price surge

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