Page 1102 - World News

AI boom driving earnings growth for Europe's biggest industrial companies

Data center revenues for the six biggest electrical firms reached €20 billion ($22.2 billion) last year, double what they were five years earlier, according to Redburn Atlantic analyst James Moore

Gold pares gains after hitting records as focus turns to Jackson Hole

Bullion climbed to as high as $2,531.75 an ounce, taking this year's gain to more than 22 per cent, before giving up some of the advance

UK tycoon Mike Lynch missing: How a luxury yacht sank in freak Sicily storm

The luxury British superyacht was carrying 22 people onboard when it was hit by a sudden tornado-like storm on early Monday in Sicily and then sank in water, reportedly trapping six people inside

Israeli military retrieves bodies of six hostages from Khan Younis in Gaza

The current war in Gaza began on Oct. 7, 2023, when Hamas gunmen stormed into Israeli communities

EU cuts planned import tariff on Tesla's China-made electric vehicles to 9%

Tesla had requested a recalculation of its rate to be based on the specific subsidies the company had received, according to the Commission

Biden passes baton to Harris, says she will be 'historic president'

Harris will soon serve as the 47th President of the United States, Biden said, amidst cheers from his party members and leaders

Alaska Air clears big hurdle in its proposed merger with Hawaiian Airlines

Alaska Air announced in December that it would pay $ 18 in cash for each share of Hawaiian. The deal includes $ 900 million in debt held by Hawaiian Airlines

India leads as top origin country and destination for Hindu migrants: Pew

At 47%, Christians make up the largest share of migrant population across the world, according to Pew Research Centre's analysis of global migrant religious composition

Antony Blinken visits Gaza mediators in pursuit of ceasefire deal

He noted the capture of a narrow buffer zone along the Gaza-Egypt border that Israel calls the Philadelphi corridor. Neither Hamas nor Egypt wants an Israeli presence there

Nasa issues alert as 140-feet airplane-size asteroid hurtles towards earth

A near-earth asteroid 2024 PQ5 is heading to earth at a speed of 28,128 miles per hour. Nasa issues alerts as the space agency closely monitors such activities to ensure no potential threats

US Fed officials worried about job market as they prepare for Jackson Hole

The trend began changing this year, and Fed officials have given increasing weight to the risks they feel they are running by keeping monetary policy too tight for too long

EU approves $5.5 bn German aid under Chips Act for ESMC Dresden plant

ESMC is a joint venture led by TSMC, the world's largest contract chipmaker, with European chipmakers Bosch, Infineon and NXP each taking a 10 per cent stake

Israel-Hamas war: Hard decisions remain over ceasefire, says Blinken

Blinken is travelling to Egypt and Qatar on Tuesday for further negotiations after meetings in Israel on Monday

Zelenskyy urges US, European allies to remove limits on weapons use

Operation to seize Russian territory in the Kursk region would have been viewed as crossing the strictest of all red lines

Russia hits energy infrastructure in overnight airstrikes on Ukraine

Regional officials in the northeastern Sumy region bordering Russia said an energy facility was hit, causing blackouts for 72 settlements and more than 18,500 consumers

China's July fuel oil imports fall for third straight month: Customs data

The import volumes included purchases under ordinary trade, which are subject to import duty and consumption tax, as well as imports into bonded storage

New coins featuring King Charles III with British bees go into circulation

Tribute to British bees is one of eight new designs that will appear on the country's coins in one pence to two pound denominations

Alaska Airlines, Hawaiian merger clears regulatory hurdle with US DOJ

This is a significant milestone in the process to join our airlines, the company said

BOJ highlights rising wage pressure from structural changes in job market

The findings back up the central bank's argument that broadening inflationary pressures warrant raising interest rates

Sri Lanka sets expenditure limits for prez election campaign for first time

The expenditure limit per candidate has been set at 60 per cent of the total amount, while political party secretaries are allowed 40 per cent for their candidate's election campaign activities