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Featured

Stocks swing following latest AI-fuelled sell-off on Wall St

Stocks fluctuated Wednesday following another tech-fuelled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse.

X hits back after France summons Musk, raids offices in deepfake probe

French prosecutors on Tuesday searched the Paris offices of Elon Musk's X as part of an investigation into alleged political interference and sexual deepfakes and summoned Musk in what the social media giant slammed as "politicized" raids.

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Swedish steel startup Stegra gets more state aid

The Swedish Energy Agency said Wednesday it was giving some $40 million in support to low-carbon steelmaker Stegra, amid fears surrounding the ambitious startup's finances.

Lebanese living abroad seek hope as they return for pope visit

Rachelle Mazraani is travelling from Sydney to Beirut for Pope Leo XIV's visit this week, one of many Lebanese at home and abroad who hope the trip will revive their struggling country.

Swedish steel startup Stegra gets state aid

The Swedish Energy Agency said Wednesday it was giving some $40 million in support to low-carbon steelmaker Stegra, amid fears surrounding the ambitious startup's finances.

Shein under EU pressure over childlike sex dolls

The European Union stepped up its pressure on Shein on Wednesday after the online retail giant faced an uproar in France over the sale of childlike sex dolls.

EU lawmakers call to make it easier to suspend shopping platforms like Shein

EU lawmakers on Wednesday called to make it easier to suspend e-commerce platforms, following outrage in France over the sale of childlike sex dolls on Shein, and demanded better policing of such websites.

Richard Branson 'heartbroken' as his wife dies aged 80

British entrepreneur Richard Branson paid tribute Wednesday to his wife Joan Templeman shortly after announcing her death, saying "life will never be the same without her".

ECB warns on stretched AI valuations and sovereign debt risks

Heightened market exuberance around artificial intelligence and eye-popping levels of government debt could pose risks to eurozone financial stability, the European Central Bank warned Wednesday.

IMF urges Germany to enact 'pro-growth' reforms

The International Monetary Fund said Wednesday that Germany's public spending ramp-up must be accompanied by "pro-growth" reforms to ensure Europe's beleaguered top economy makes a sustained recovery.

Stocks extend global rally as data boost rate cut hopes

Asia and Europe extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.

'Forgotten' women demand justice in Spain breast cancer scandal

Anabel Cano thought cancer had spared her after she underwent a mammogram in the Spanish region of Andalusia. Having now lost a breast to a mastectomy, she feels betrayed.

Beloved sheepskin-sack cheese Bosnia wants to protect

High in the mountain meadows of southern Bosnia, farmer Branka Buha monitors her cows through a GPS signal on her husband's phone.

As Ukraine battles for key city, pro-Russian accounts wage AI war

Fighting for control of Pokrovsk in Ukraine's east is raging on, but in pro-Russian social media circles, Moscow has already won: viral, AI-generated videos depict a Ukrainian army in retreat, complete with fake, tearful soldiers.

Pele's brand acquired by family business of Neymar Jr.

Iconic footballer Pele's brand came under the ownership of another prominent Brazilian athlete, Neymar Santos Jr., after the company owned by his father said Tuesday it had bought the rights to use it.

Asian stocks extend global rally as data boost rate cut hopes

Asia extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month.

Trump sends Witkoff to Moscow in hopes of finalizing Ukraine deal

Donald Trump said Tuesday he is sending his envoy Steve Witkoff to meet with Russian leader Vladimir Putin in Moscow next week as the US president seeks to close out a deal to end the war in Ukraine.

Trump sends Witkoff to Moscow in hopes of finalisation Ukraine deal

Donald Trump said Tuesday he is sending his envoy Steve Witkoff to meet with Russian leader Vladimir Putin in Moscow as the US president seeks to close out a deal to end the war in Ukraine.

Unknown Renoir painting sells for 1.8 million euros at auction

A previously unknown work by French impressionist painter Auguste Renoir of his toddler son Jean sold for 1.8 million euros ($2.08 million) at a Paris auction on Tuesday, the Drouot auction house told AFP.

EU, Africa pledge to boost trade, tackle migration at summit

European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the end of a summit aimed at boosting ties between the two continents.

EU gives Germany free pass over defence spending

Germany will escape EU punishment for breaking the bloc's budget rules because of a defence spending exemption, the European Commission said on Tuesday.

US retail sales miss expectations as consumers see higher costs

US retail sales grew at a slower pace than anticipated in September, government data showed Tuesday, as higher prices added to affordability concerns while firms grappled with an uptick in business costs.

Wall Street leads European equities higher as rate cut hopes rise

A solid opening for New York equities underpinned European stocks Tuesday as the tech sector extended a strong run and a US rate cut next month was seen as a near-certainty.

Kyrgyzstan arrests Chinese CEO of gold mining firm

Kyrgyzstan said Tuesday it had arrested the Chinese CEO of a gold mining firm accused of causing "large-scale" environmental damage, amid growing public scrutiny over Beijing's influence in the Central Asian country.

Palestinians fear new Israeli settlement will wreck their town

In a town near Jerusalem, a growing number of houses and businesses are receiving demolition and evacuation notices, and Palestinian residents link the drive to Israel's approval of a major new settlement project.

Asia markets advance as odds for another Fed rate cut grow

Asian investors on Tuesday welcomed more dovish comments from Federal Reserve officials reinforcing hopes it will cut interest rates next month, while a tech-led rally on Wall Street soothed recent AI bubble worries.

Toulouse prosecutor to probe Jaminet's 450,000 euros transfer buy out

A public prosecutor's office said on Monday it was opening a preliminary investigation into the 2022 transfer of France full-back Melvyn Jaminet's to Toulouse from Perpignan.

Stocks up as US rate hopes soothe nerves

Global stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Italian fashion titan Zegna to hand over power

Gildo Zegna, grandson of the eponymous fashion brand's founder Ermenegildo Zegna, will hand over the reins of the group to its finance director and the fourth generation of family leaders in January, the group announced Monday.

EU, Africa leaders talk trade and minerals in Angola summit

European and African leaders gathered in Angola Monday for a summit to deepen economic and security ties that also presented the chance for emergency talks on Ukraine.

Stocks rise as US rate hopes soothe nerves

Stock markets and the dollar mostly firmed Monday as fresh hopes for a US interest-rate cut provided some calm after last week's rollercoaster ride fuelled by worries of an AI tech bubble.

Germany business morale falls as hopes for revival dim

German business sentiment fell more than expected in November, a survey showed Monday, the latest sign that industry is losing faith in the government's plans to revive the economy.

EU says will push US to lower steel tariffs

The EU will Monday urge the United States to implement more of the transatlantic trade deal struck in July, including cutting tariffs on steel, during talks in Brussels with US Commerce Secretary Howard Lutnick.

Beloved Bollywood star Dharmendra dies at 89

India's hugely popular Bollywood star Dharmendra, who was equally at ease in romantic comedies and high-octane action blockbusters, died aged 89 on Monday.

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