World News

Humanitarian convoy reaches Oleshky as Russia-Ukraine truce holds

A humanitarian convoy entered Russian-occupied Oleshky to deliver aid and evacuate residents as a four-day ceasefire held in southern Ukraine, with the truce set to continue through Sunday.

Amazon cash burn, Intel weak PC demand fuel fears over AI spending

Amazon's heavy AI spending and Intel's weak PC demand outlook rattled technology stocks, raising concerns over mounting infrastructure costs, shrinking cash flows and slowing consumer demand.

Make it so, one last time: Star Trek's Patrick Stewart bids farewell at 86

The acclaimed British actor, best known for playing Captain Jean-Luc Picard in Star Trek and Professor Charles Xavier in X-Men, leaves behind a celebrated career spanning stage, film and television.

Binance hit by record $6.3 bn crypto theft; North Korea suspected

Binance halted withdrawals after hackers stole $6.3 billion in a record crypto heist, with analysts suspecting North Korea. The exchange said it would cover losses as cryptocurrency prices fell.

Nasdaq hits near three-month low as Amazon, Intel rattle AI trade

The Nasdaq fell 2.48% as Amazon's rising AI spending and Intel's cash-burn warning triggered a tech selloff, with the two companies facing nearly $200 billion in combined market value losses.

Meta, TikTok and X lose UK legal battle over Ofcom's safety data demands

Meta, TikTok and X lost a legal challenge against UK regulator Ofcom over information demands under Britain's Online Safety Act, which aims to protect children from harmful and illegal content.

Cursor says up to 5,000 users affected by tampered Claude Code extension

The extension attempted to collect ‌host and user information such as hostname, username, ​operating system and public IP address

What to know as Israel polls leave Netanyahu, opposition without majority

Weeks of negotiations to build a majority coalition and name a prime minister likely lie ahead, with another election possible if they fail

Chinese parents sue OpenAI over daughter's death linked to ChatGPT advice

The parents allege that ChatGPT encouraged their daughter to reduce her epilepsy medication and are seeking stricter restrictions on AI-generated medical advice

US plans to ban Chinese telecom firms from direct access to phone numbers

The US Federal Communications Commission said on Thursday that ‌it will vote on November 19 on ​a proposal to ban China Mobile, China ​Telecom and China Unicom and other IP-enabled service providers

Microsoft's $25 billion blowout bond puts it in AI winners' circle

The software giant, and one of the premier AI hyperscalers, drew more than four times demand for its 10-part debt sale Thursday

Credit swaps for tech companies reach records amid supply concerns

In the credit derivatives market, the cost of protecting Broadcom Inc.'s debt against default for five years rose by about 10 basis points to 175.4 basis points a year

Glacial lake burst triggers flash flood in Bhutan, no injuries reported

A flood caused by the Shintaphu glacial lake bursting its banks damaged infrastructure at the Gasa Tshachu hot springs, a major tourist attraction

Big tech's $750 billion AI bet faces strain with slowing core growth

The earnings reports and the ensuing stock selloffs expose the tensions escalating over big tech's transition to new AI-powered products, and the spending required to get there

Putin warns Europe against Baltic Sea curbs, flags Hormuz-like disruption

Putin noted that Russia opposed curbs on navigation in the Baltic Sea, warning that interference with maritime transit could lead to a situation comparable to the disruption witnessed around Hormuz

Amazon burns cash, Intel flags weak PC demand as AI boom strains markets

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Netanyahu's bloc wins 53 seats in Israel polls but falls short of majority

Results released early Friday showed the pro-Netanyahu bloc winning 53 seats in the 120-member Knesset, and 48 seats for rival Eisenkot's bloc

Binance's possible hack triggers $3 billion freeze in crypto assets

The market impact of the possible hacking, which could be the largest-ever crypto heist according to analytics firm Chainalysis, was felt immediately in early Asian trading on Friday

Microsoft's cloud growth, cash flow offer respite from AI spending fears

Microsoft's Azure cloud business grew 48% in the September quarter, while free cash flow reached $18.6 billion, easing investor concerns over mounting AI infrastructure spending.

Israel seeks election probe after Netanyahu alleges Arab vote rigging

Israel's election watchdog has sought a probe into alleged foreign interference after Netanyahu questioned high Arab voter turnout, as his bloc fell short of a parliamentary majority.