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Natural disasters cause $310bn in economic losses in 2024: Swiss Re
In a year set to be declared the hottest on record, natural disasters caused $310 billion in economic losses globally in 2024, as climate change increasingly takes its toll, Swiss Re said Thursday.
Shell, Norway's Equinor to form joint UK oil and gas firm
British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company.
Bitcoin breaks $100,000; stocks diverge on France, S.Korea crises
Bitcoin burst past $100,000 for the first time on Thursday, while global stock markets diverged as traders tracked political crises in France and South Korea.
European mission to imitate solar eclipse launches from India
A European mission launched from India on Thursday, aiming to catch a rare glimpse of the Sun's mysterious atmosphere by imitating a solar eclipse using two satellites flying with millimetre-level precision.
Bitcoin leaps over $100,000 as traders cheer Trump pick
Bitcoin broke $100,000 for the first time Thursday after Donald Trump nominated cryptocurrency backer Paul Atkins to head the US securities regulator, reinforcing optimism the incoming president will deregulate the sector.
Shopping app Temu suspended in Vietnam: state media
Shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday.
Bitcoin hits $100,000 for first time as traders cheer Trump pick
Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator, reinforcing optimism the new president will push through measures to deregulate the sector.
Bitcoin breaks $100,000, Seoul retreats as traders eye S. Korea drama
Bitcoin burst past $100,000 for the first time Thursday, while Seoul stocks slipped as South Korea's president faced impeachment after his brief imposition of martial law this week.
Chinese shopping app Temu suspended in Vietnam: state media
Chinese shopping app Temu has been forced to suspend its services in Vietnam after it failed to register with authorities, state media said on Thursday.
Bitcoin hits $100,000 for first time
Bitcoin broke the $100,000 mark for the first time Thursday on hopes US president-elect Donald Trump will push through measures to deregulate cryptocurrencies when he takes office next month.
OpenAI to partner with military defense tech company
OpenAI and military defense technology company Anduril Industries said Wednesday that they would work together to use artificial intelligence for "national security missions."
Lawyers seek leniency for France rape trial defendants, blaming 'wolf' husband
Lawyers of three men who repeatedly visited a French home to rape a woman while unconscious Wednesday pleaded for leniency, with one arguing that her "wolf" of a husband had manipulated his client.
Powell 'not concerned' US Fed would lose independence under Trump
Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the US central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.
Trump taps Navarro as trade, manufacturing counselor
US President-elect Donald Trump announced Wednesday that his former White House trade advisor Peter Navarro -- who went to prison for contempt of Congress -- would return as senior counselor for trade and manufacturing.
Warhammer maker Games Workshop enters London's top stocks index
British company Games Workshop, makers of miniature wargames figures, entered London's top-tier FTSE 100 index, the London Stock Exchange announced Wednesday, propelled by the profitability of its Warhammer franchise and its licencing potential.
Pope Francis receives electric popemobile from Mercedes
German automaker Mercedes-Benz delivered an electric popemobile to the Vatican on Wednesday for use by the pontiff, who has repeatedly called for global action on the climate crisis.
Seoul stocks weaken, Paris advances despite political turmoil
South Korea's stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.
Trump taps Peter Navarro as trade, manufacturing counselor
US President-elect Donald Trump announced Wednesday that his former White House trade advisor Peter Navarro -- who went to prison for contempt of Congress -- would return as senior counselor for trade and manufacturing.
GM announces more than $5 bn hit to earnings in China venture
General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of its China joint-venture.
UK bans daytime TV ads for cereals, muffins and burgers
The UK government is banning daytime TV adverts for sugary foods like granola and muffins in its battle against child obesity, branding such popular items as junk food.
France's Orano says Niger junta controls uranium firm
French nuclear group Orano said Wednesday that authorities in Niger had taken "operational control" of its uranium mining unit, in an escalating spat between the company and the country's military junta.
Seoul stocks weaken, Paris edges up tracking political turmoil
South Korea's stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.
Cameroon curator Kouoh is first African woman to lead Venice Biennale
The Cameroonian curator Koyo Kouoh has been appointed the first African woman to lead the Venice Biennale, one of the world's most important contemporary art shows.
OECD warns of protectionism weeks before Trump return
The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world economy, just weeks before Donald Trump is set to return to the White House.
Seoul stocks sink amid S. Korea drama as Asian markets mixed
South Korean stocks sank Wednesday while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later.
Ghana thrusts economy into limelight in tight race for president
When Ghana's Vice President Mahamudu Bawumia announced last year he would run for president, his ruling New Patriotic Party (NPP) was certain he would lead them to an unprecedented third term.
Vietnam pushes electric motorbikes as pollution becomes 'unbearable'
In Vietnam's heavily polluted capital Hanoi, teenage taxi driver Phung Khac Trung rides his electric motorbike through streets jammed with two-wheelers belching toxic fumes.
Life has 'disappeared': Mexican city reeling from cartel infighting
An eerie silence pervades the historic center of Culiacan, capital of the Mexican state of Sinaloa, where infighting among one of the world's biggest drug cartels has left hundreds of people dead since September.
Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking
The partner of the ex-CEO of the Abercrombie and Fitch clothing line pleaded not guilty Tuesday in US federal court to charges of sex trafficking and interstate prostitution and was released on $10 million bond.
Defying headwinds, German stocks hit milestone
Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy.
Stocks mixed as traders weigh US rates, China stimulus hopes
Stock markets struggled for direction Tuesday as investors weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook.
Cash crunch pushes Libyans to bank cards despite hurdles
In Libya, a shortage of cash in the banking system has pushed many to turn to cards for payments after more than a decade of war and instability has hammered the country's financial system.