World News

How Tech's biggest companies are offloading the risks of the AI boom

Those deals had one thing in common: They allowed companies that make massive quarterly profits to reduce their financial exposure to the frenetic, global buildup of data centers

Gunmen abduct 18 bus passengers in Pakistan; 10 rescued

The incident took place near the Ghotki area on Monday night when the attackers opened fire on the bus at the Highway Link Road close to the Sindh and Punjab border, and took hostage 18 male passenger

US pauses $40 bn tech deal with UK over digital rules, food standards

Britain hailed the visit as proof of close ties and Prime Minister Keir Starmer's ability to work with Trump on trade and technology

Australia beach shooting suspect had roots in Hyderabad: Telangana Police

He migrated to Australia 27 years ago and had limited contact with his family in Hyderabad, the Telangana DGP office said in a statement

Gunmen abduct 18 male passengers from bus enroute to Pakistan's Quetta

A total of 18 to 20 attackers were present at the scene, all armed and their faces covered, according to a female passenger travelling in the bus, Geo News reported

Global shadow banking assets cross $250 trn as watchdog warns on data

Within non banks, the fastest growth was in trust companies, hedge funds, money market funds and other investment funds, which all posted double digit rates of growth

Ford to take $19.5 bn hit as it scales back EV push, shifts to hybrids

Ford said it will take $19.5 billion in charges mainly linked to its EV business, as weak demand forces the carmaker to scale back electric plans and focus more on hybrids and petrol vehicles

US military strikes on 3 boats in eastern Pacific Ocean, kill eight people

President Donald Trump has justified the attacks as a necessary escalation to stem the flow of drugs into the United States and asserted the US is engaged in an armed conflict with drug cartels

Bondi Beach mass shooting inspired by Islamic State: Australian police

Prime Minister Anthony Albanese said the remarks were based on evidence obtained, including the presence of Islamic State flags in the vehicle that has been seized

US Embassy warns of possible violence in Bangladesh ahead of Feb 2026 polls

The warning comes after Bangladesh's Election Commission formally announced the schedule for the country's next national polls last week

Merriam-Webster's 2025 Word of the Year is 'slop': Here's what it means

The term slop was first used in the 1700s and meant soft mud. However, through the years, it has evolved more generally to imply something of little value

Donations for Bondi Beach hero who tackled gunman near $2 million

Ahmed al Ahmed, a 43-year-old fruit and tobacco shop owner, saved many lives at Sydney's Bondi Beach by charging at one of the gunmen targeting the Jewish crowd

PayPal applies to become a bank to expand lending as US loosens regulations

If approved, PayPal Bank would help the firm bolster its small-business lending capabilities, addinf that the company has provided access to more than $30 billion in loans and capital since 2013

Bondi Beach attack spurs worldwide mourning and calls for tougher gun laws

Hanukkah events and vigils took place in central Melbourne on Monday evening, with landmarks lit up to commemorate the Bondi victims

Ford to take $19.5 bn in charges as it overhauls electric vehicle business

In taking the charges, Ford is acknowledging it built far too much battery production capacity and was going down a dead-end with large EVs that were destined to lose more money

Trump declares fentanyl as weapon of mass destruction to tackle drug crisis

The move comes as Trump has cited fentanyl deaths to justify a series of attacks against boats in international waters that the Pentagon says were being used to smuggle drugs

Trump sues BBC for $5 billion over alleged misleading January 6 edit

The lawsuit, filed in a federal court in Miami, centres on how his remarks ahead of the January 6, 2021, attack on the US Capitol were presented

Mets ballpark, Trump-run golf course among 3 awarded NYC casino licences

The state Gaming Commission on Monday awarded the three projects licenses to operate in the lucrative metropolitan-area market during a meeting at a riverside park in upper Manhattan

US plans to reduce number of G-20 finance meetings during its chairmanship

Next year the US intends to hold only one host nation session with the finance ministers and central bankers in August

Four arrested for plotting New Year's Eve attacks in Southern California

Officials did not describe a motive but said they are members of an offshoot of a pro-Palestinian group dubbed the Turtle Island Liberation Front