Page 1268 - World News

South Korea to detail tax incentives aimed at supporting chip industry

The government will also release next month detailed measures to support the country's semiconductor industry

2,000 feared dead in Papua New Guinea landslide, challenges for rescuers

Settlement is located in a restive and remote area in the interior of the poor, rural nation off the northern coast of Australia, making search and rescue efforts complicated and hazardous

Investing for ultra-rich: Family offices are booming in Australia's Perth

Since 2019, as the rich get richer, the number of family offices worldwide has more than tripled, to almost 4,600 last year, according to investment data provider Preqin Ltd

China falling emissions since Covid signal peak carbon may already be here

Emissions fell 3 per cent in March from the prior year, the first annual decline since January 2023, Lauri Myllyvirta, senior fellow at Asia Society Policy Institute, said

Wall Street returns to T+1 stock trading after nearly a hundred years

The switch to the system known as T+1 - abandoned in the earlier era as volumes became unwieldy - is ultimately intended to reduce risk in the financial system

Netanyahu acknowledges 'tragic mistake' after strike kills Palestinians

Israel insists it adheres to international law even as it faces scrutiny in the world's top courts, one of which last week demanded that it halt the offensive in Rafah

Spain, Ireland to recognise a Palestinian state; EU, Israel ties to plummet

The recognition, however, is a significant accomplishment for the Palestinians, who believe it confers international legitimacy on their struggle

Russia to build Central Asia's first nuclear power plant in Uzbekistan

Putin said Russia would put $400 million into a joint investment fund of $500 million to finance projects in Uzbekistan

WHO chief refers to Indian traditional medicine centre at Geneva address

"We also established the Global Traditional Medicine Centre in India, and hosted the first global summit on traditional medicine," Ghebreyesus said at 77th World Health Assembly in Geneva

Increasing turbulence: Why flights are facing more bumps in the sky

Fasten your seat belts: Experts believe that climate change is expected to make air travel bumpier than ever for air travellers. Learn about turbulence and safety precautions

North Korea says latest military satellite launch exploded in flight

The attempt came just hours after Pyongyang issued a warning that it would try to launch a satellite by June 4, in what would have been its second spy satellite in orbit

Trade strains boost cargo freights at pace recalling Covid 'chaos'

Some of the catalysts for the monthlong advance in seaborne freight rates stem more from worry than optimism

Xi Jinping tells politburo China needs financial regulations with teeth

Monday's Politburo meeting also reviewed measures to promote development of six central provinces including Shanxi, Anhui and Henan

Some WTO nations question India's $48 billion farm input subsidies

The issue was flagged by these members of the World Trade Organisation (WTO) during a meeting of the committee on agriculture on May 23-24

Bullish sentiment on dollar retreat as US economic print cools: CFTC data

During this period, US monthly inflation data cooled for the first time in six months, while retail sales stagnated in April, boosting odds for Federal Reserve interest rate cuts

AWS in talks with Italy to invest billions of euros in cloud plan: Report

AWS launched its first cloud region in Italy in 2020 as part of a plan to invest 2 billion euros ($2.2 billion) by 2029

Tornadoes rip through Texas, Oklahoma, Arkansas; at least 19 people dead

Seven fatalities were reported in Cooke County in Texas, near the Oklahoma border, where a tornado on Saturday night ripped through a rural area near a mobile home park, officials said

Israel faces new condemnation over strikes on southern Gaza city of Rafah

The Gaza Health Ministry said around half of the dead were women, children and older adults. On Monday, barefoot children poked at the blackened debris as searches continued

Most expensive divorce cases in the world that surprised people

Unfortunately, some couple ends their wedding mid-way due to different reasons, but here is a list of some of the most expensive divorce cases in the world

Plenty of room for key interest rate reductions, says ECB's Villeroy

After a first rate cute next month that Villeroy described as a "done deal", debate among ECB policymakers remains open about how fast and far to keep easing after that