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Crude jumps on fresh Mideast flare-up, tech rout deepens

Oil prices spiked Wednesday after a fresh flare-up of fighting in the Middle East that revived fears over supplies through the Strait of Hormuz, while chip firms continued to bleed as nervous investors unwound their bets on the AI boom.

SK hynix posts 1,200% net profit boost on AI chip boom

South Korea's SK hynix said Wednesday second-quarter net profit soared a whopping 1,242 percent year-on-year, driven by the artificial intelligence industry's explosive demand for its advanced memory chips.

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New York state to study slavery reparations

New York state said on Tuesday that it would establish a commission to study reparations for slavery and victims of racism, following a similar undertaking in California, which pioneered the approach to such historical injustices in the United States.

France passes immigration bill despite Macron party rebellion

The French parliament on Tuesday passed an immigration bill backed by the government of President Emmanuel Macron after he faced a major rebellion within his own party over the support of the toughened-up legislation by the far right.

US bans pharmacy Rite Aid from facial recognition use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

Dow closes at another record as yen falls on Bank of Japan move

US stocks pushed further into record territory on Tuesday as investors bet on 2024 interest rate cuts, while the yen slid after the Bank of Japan maintained its ultra-loose monetary policy.

New Gaza truce efforts as aid system nears collapse

The UN Security Council struggled to find a unified voice Tuesday on pausing the Israel-Hamas war as aid efforts neared collapse and global economic fallout spread.

Macron facing rebellion after far-right backs French immigration bill

French President Emmanuel Macron faced a major rebellion within his own party from left-leaning deputies on Tuesday in a crisis sparked by the backing of a toughened-up immigration bill by the far right under Marine Le Pen.

Spain takes 10% of Telefonica following Saudi stake

Spain said Tuesday it will acquire 10 percent of local telecoms giant Telefonica, just months after Saudi Telecom took a significant stake in the operator.

Blue Origin returns to space after yearlong hiatus

Blue Origin launched its first rocket in more than a year on Tuesday, reviving the US company's fortunes with a successful return to space following an uncrewed crash in 2022.

French govt seeks to pass immigration bill with far-right backing

The French far-right National Rally under Marine Le Pen on Tuesday said it would back a flagship bill of President Emmanuel Macron's government tightening immigration rules, increasing the legislation's chances of being passed by parliament after days of deadlock.

Pfizer sues Poland and Hungary over Covid debts

Pharmaceutical firms Pfizer and BioNTech are suing the governments of Poland and Hungary alleging they failed to pay for vaccines ordered during the Covid pandemic, lawyers said Tuesday.

Fears for miners on second day of S.Africa underground protest

Frantic families waited at the surface Tuesday for news of more than 2,000 platinum miners who have taken over two shafts in one of South Africa's biggest mine protests in years.

Yemen rebels 'will not stop' Red Sea attacks: Huthi official

Yemen's Iran-backed Huthi rebels said Tuesday they would not halt attacks on Red Sea shipping despite the announcement by the United States of a new maritime protection force.

At Stockholm auction, vintage Ikea goes high-end

At a chic Stockholm auction house, 122 carefully-curated items with unusual provenance went under the hammer on Monday evening: vintage furnishings from flatpack furniture retailer Ikea was sold for a total of 37,000 euros ($40,000).

Stocks mostly up as Fed tries to temper rate cut expectations

Equities mostly rose Tuesday as traders looked past Federal Reserve officials' attempts to dampen expectations for several interest rate cuts next year, while the yen weakened after the Bank of Japan decided against moving away from its ultra-loose monetary policy.

Mapping bedbugs: S Korean blockchain engineer fights infestation with data

When news broke about a bedbug outbreak in his native South Korea, 29-year-old blockchain engineer and self-professed insectophobe Kang Jae-gu got straight to work -- on the data.

Panama says its canal produced record revenue despite drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.

Second-hand clothes finally take off in Japan

A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading.

Asian markets mixed as Fed officials push back on rate cut bets

Asian markets were mixed Tuesday after Federal Reserve officials looked to dampen expectations for a series of interest rate cuts next year, while the yen edged up ahead of a closely watched Bank of Japan policy decision later in the day.

US jury orders Monsanto to pay $857m over chemicals in school

A US jury on Monday ordered chemical company Monsanto to pay $857 million to seven people at a school in the western state of Washington who said they were sickened by chemicals leaking from light fittings.

US stocks build on year-end rally after steel merger, rate cut talks

Stocks on Wall Street finished the day mostly higher Monday as traders reacted to news of a large steel acquisition and both caution and optimism from a number of senior US Federal Reserve officials about interest rates.

Nippon Steel's $14.1 billion deal for US Steel sparks criticism

Japan's Nippon Steel agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday, sparking criticism about the firm's ownership in an industry crucial to US national security.

New US database tracks misconduct by law enforcement officers

The US Justice Department announced the launch on Monday of a national database to document misconduct by federal law enforcement officers.

Union slams Nippon Steel's $14.1 bn deal for US Steel

A major US union representing steelworkers slammed the deal by Japan's Nippon Steel to buy US Steel Corp for $14.1 billion, which was confirmed on Monday just months after US Steel rejected an offer from its main domestic rival.

Amsterdam unveils planned site to replace red light district

Amsterdam city executives Monday named a location in the Dutch capital's south as its preferred site for an out-of-town "erotic centre", in a controversial plan to move away from its famed red light district.

Paris 1924 'Chariots of Fire' stadium ready for Games century on

The stadium that was the main site for the 1924 Paris Olympics is ready, a century later, to welcome hundreds of participants and tens of thousands of spectators for next year's Summer Olympic Games in the French capital.

Jeff Bezos' Blue Origin pushes back return to space

Blue Origin on Monday postponed its long-awaited return to space, citing technical reasons and promising to try again later this week.

Farmers clog Berlin with tractors in protest at cuts

Thousands of farmers descended on central Berlin with their tractors on Monday to protest against planned cuts to agricultural subsidies.

Jeff Bezos's Blue Origin heads back to space in critical launch

Blue Origin is set Monday to launch its New Shepard rocket for the first time since an uncrewed crash more than a year ago, a mission that is critical in reviving the fortunes of Jeff Bezos' space company.

Asian markets mostly down as Fed rate-cut rally fades

Asian markets fell Monday as traders took a step back following last week's rally, with Federal Reserve officials looking to temper expectations the US central bank will cut interest rates several times next year.

Jeff Bezos's Blue Origin headed back into space after accident

The American company Blue Origin plans to launch its rocket Big Shepard Monday for the first time since an accident more than a year ago, as the firm founded by billionaire Jeff Bezos heads back into space.

Hot chocolate for the holidays: 'Wonka' tops N.America box office

Warner Bros.' fantasy musical "Wonka," boosted by the star power of Timothee Chalamet, enjoyed a sweet opening in North American theaters this weekend after an equally strong debut overseas, industry watchers reported Sunday.

Miss France winner says her short hair a victory for 'diversity'

The woman elected Miss France 2024 has framed her victory as a win for "diversity", drawing praise for her short hair as well as predictable criticism from viewers of the beauty pageant which has faced accusations of sexism.

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