Page 1388 - World News

EU parliament adopts stricter migration rules in landmark asylum reform

German Chancellor Olaf Scholz called the new rules a "historic, indispensable step" for the EU

Baltimore bridge collapse: Investigators focus on electrical system of ship

Investigators are also examining the bridge design and how it could be built with better pier protection under today's standards

At least 3 shot as gunfire erupts at Philadelphia Eid event, says police

Two groups of people started firing at each other, and people began fleeing the scene

HK bars Reporters Without Borders' rep, stoking press freedom concerns

Reporters Without Borders said Wednesday that one of its representatives was denied entry into Hong Kong, calling it a new decline in the city's press freedoms.

Gaza faces major cash shortage after war destroys banking system

Within weeks of Hamas's Oct. 7 attack that Israel says killed almost 1,200 people, Heba and her family were forced to flee south from their home in Gaza City to Rafah

Elon Musk's undisclosed Starlink costs undercut profitability claims

Closely held companies don't have to publicly release their financials and often massage their numbers while fundraising

EU's new tech laws are working as small web browsers gain market share

In mobile devices that run Android, Chrome browser comes as default and iPhones with Safari, making them the dominant browsers in the market

US President Biden, Kishida enlist Amazon, Nvidia to fund AI research

The $50 million project will be a joint effort between the University of Washington in Seattle and Tsukuba University outside Tokyo, according to a senior US official

US consumer prices rise more than expected in Mar amid rises in fuel costs

The consumer price index rose 0.4% last month after advancing by the same margin in February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday

Emerging from seclusion, Jack Ma voices support for overhaul at Alibaba

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday

Xi Jinping meets former Taiwan leader Ma Ying-jeou on pro-unification visit

The people on both sides of the Taiwan Strait are all Chinese. There is no dispute that cannot be resolved, there is no problem that cannot be discussed, and no force can separate us," Xi told Ma

UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue

Switzerland's plan will come under close scrutiny at home and abroad because if UBS were to unravel, there are no local rivals left that could absorb it

Fitch downgrades China outlook to negative on economic growth risks

China's factory output and retail sales topped forecasts in January-February, joining better-than-expected exports and consumer inflation indicators, providing an early boost to Beijing's hopes

China rejects Fitch's ratings of its fiscal outlook, says economy 'stable'

Fitch's report noted that China's general government deficit was forecast to rise this year to 7.1 per cent of its GDP, up from 5.8 per cent in 2023

3 sons, 2 grandchildren of Hamas chief killed in Israeli airstrike on car

Haniyeh confirmed the deaths Wednesday in an interview with the Al Jazeera satellite channel, saying his sons were martyred on the road to liberating Jerusalem and the Al-Aqsa Mosque

SBTi green lights controversial offset for supply chain emissions

Selling credits from wind farms and other activities to a company so it can offset pollution is seen as a way to help move money to climate-friendly projects

KPMG, Deloitte affiliates hit with US civil penalties for exam cheating

The PCAOB permanently barred the KPMG Netherlands' former head of assurance Marc Hogeboom from the industry, chair Erica Williams said

PM Modi greets Maldives Prez on Eid-Al-Fitr, highlights cultural linkages

Prime Minister Modi conveyed that "as we celebrate Eid al-Fitr with traditional fervour, people across the world are reminded of the values of compassion, brotherhood and togetherness

Delta Q1 earnings tops Wall Street estimates on buoyant travel demand

Demand is particularly strong for premium travel, benefiting carriers like Delta, which has positioned itself as a premium airline. Recovery in corporate travel is also gathering steam