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North Korea simulates nuclear attacks with underwater drone, missiles

North Korea has stepped up its weapons demonstrations this month in a tit-for-tat response to the United States' expanding military exercises with ally South Korea

New Starbucks CEO Laxman Narasimhan plans to work in stores once a month

Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks' employees Thursday that he also expects the company's leadership team to be connected and engaged in stores

US Prez Biden's Canada agenda stocked from Ukraine to climate change

The emphasis had more frequently been on issues like trade that had defined relations between the two countries, which share a 5,525-mile border

Without reforms, the country could see hyperinflation: IMF warns Lebanon

Three-quarters of Lebanon's population of over 6 million, including a million Syrian refugees, now lives in poverty and inflation is soaring

Defence budget readies US for possible China confrontation: Pentagon

The budget proposes to spend more than USD 9 billion, a 40 per cent increase over last year, to build up military capabilities in the Pacific and defend allies

Death toll from 6.5 magnitude earthquake in Pak, Afghanistan rises to 21

The death toll from a magnitude 6.5 earthquake that struck much of Pakistan and Afghanistan earlier this week rose to 21 on Thursday, after eight more deaths were reported

Russia's security chief blasts German minister, dangles nuclear threats

He noted that the move added to a colossal negative potential" in the already bitterly strained ties between Russia and the West

UK central bank hikes interest rates like Fed amid financial turmoil

Raising interest rates increases the cost of borrowing, which reduces spending and relieves upward pressure on prices. But it also tends to slow economic growth

Ford's electric vehicle unit loses $3 bn, should be seen as startup

The new business structure separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units

UBS's takeover of Credit Suisse halted crisis, says Swiss central bank

The ECB and Fed chiefs both voiced assurances that the financial system is resilient and that money is safe in banks

Heavily indebted Chinese developer Evergrande proposes debt restructuring

A Chinese real estate developer whose struggle to manage more than USD 300 billion in debt rattled global financial markets announced a long-awaited plan on Thursday to restructure

IOC's Thomas Bach defends Russia's stance amid pro-Ukraine protest

International Olympic Committee president Thomas Bach defended his organization's efforts to create a pathway for Russian and Belarusian athletes to return to competition in a speech

Canada lawmaker quits Justin Trudeau's party amid China allegations

A lawmaker said late Wednesday that he is stepping down from Prime Minister Justin Trudeau's Liberal party after a media report raised questions about his dealings with China

US Senate votes to keep 2001 authorization for use of force against terror

The Senate voted overwhelmingly Wednesday to continue congressional authorization for the use of military force in the global fight against terror, turning back an effort by Kentucky Sen. Rand Paul

World Bank puts cost of rebuilding Ukraine at $411 billion over next decade

A World Bank report released Wednesday puts the cost of Ukraine's recovery and rebuilding from Russia's invasion at $411 billion over the next decade

UN chief Guterres urges 'game-changing' commitments on clean water

The United Nations chief urged the first world conference on water in over 45 years on Wednesday to address the 21st century emergency that is wasting the world's most important resource

Credit card debt at record high as US Fed Reserve raises rates again

As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month

TikTok sends influencers to Washington as troubles grow amid possible ban

TikTok is ramping up a public relations campaign to fend off the possibility of a nationwide ban by the Biden administration, and it's bringing some unconventional advocates to help: influencers

Credit Suisse customers feel mix of anger, relief after sale to UBS

Relief that authorities stepped in to help protect deposits, but worry about keeping cash invested in a bank that failed to manage its own money adequately

2014 World Cup winner German footballer Mesut Ozil retires at 34

Former Germany midfielder Mesut Ozil, who won the World Cup in 2014, retired from soccer on Wednesday at the age of 34