Page 5 - World News

World Bank boosts outlook as global economy shows 'notable' resilience

Real gross domestic product is now projected to rise by 2.6 per cent in 2026, up from a June forecast of 2.4 per cent, the Washington-based lender said in a report Tuesday

Trump's proposed credit card interest cap would hit $70 bn market for debt

Credit card debt has already declined as a share of the overall ABS market, making up 9 per cent of total issuance compared with 36 per cent at its peak in 2009, according to data from Morgan Stanley

Pakistan bets big on crypto: Here's why the rush is raising concerns

In December 2025, Pakistan allowed global exchanges Binance and HTX to receive preliminary approvals as the government accelerates crypto adoption

Taiwan issues arrest warrant for OnePlus CEO in latest step to block China

Efforts to prevent the poaching of Taiwan's talent and outflow of intellectual property appear to have intensified since President Lai Ching-te took office in 2024

Netflix weighs amending deal with Warner Bros to make it all cash bid

Netflix lined up $59 billion of financing from Wall Street banks to help support its acquisition, in the form of one of the largest ever bridge loans

China's 2025 trade surplus hits record $1.2 trillion despite Trump tariffs

Despite a global backlash, Chinese companies aggressively sought out customers in other markets when shipments to the US plunged after President Donald Trump hiked tariffs

Iran uses Russian tech to jam Starlink as protests grow under blackout

Iran has reportedly used Russian-made jammers to disrupt Starlink internet during protests, even as SpaceX waived fees to help people connect amid a nationwide internet blackout

Elon Musk's Starlink goes free in Iran as internet blackout continues

Unrest across Iran has sharply intensified over the past week, drawing hundreds of thousands to the streets who are calling for the downfall of Supreme Leader Ayatollah Ali Khamenei

US looks to take over Greenland in 'weeks or months', says Trump aide

Senior US official claims swift movement is possible on Greenland, but the island's leader and Denmark have firmly rejected any takeover, stressing sovereignty amid Arctic tensions

Trump urges Iranians to escalate protests, hints at action as deaths mount

Iran has experienced weeks of mass unrest. While initially touched off by a currency crisis and worsening economic conditions, the protests have increasingly taken aim at the regime

Israel to cut ties with several UN agencies citing bias and hostility

In a post on X on Tuesday, the Israeli Ministry of Foreign Affairs said the decision was made after a review of organisations named in the US announcement and of Israel's own experience

Greenland rules out joining US, backs union with Denmark amid tensions

Nielsen's remarks come ahead of a high-stakes meeting of Danish and Greenlandic foreign ministers with US Secretary of State Marco Rubio and US Vice President JD Vance in Washington on Wednesday

South Korean prosecutor seeks death penalty for ex-Prez over martial law

Yoon is the first South Korean president who has faced a potential death penalty after leaving office, since former military strongman Chun Doo-hwan in 1996 was sentenced to death for various crimes

Iran allows limited overseas calls as protest death toll nears 2,000

It was unclear if restrictions would ease further after authorities cut off all communications inside the country and to the outside world late Thursday

Bill and Hillary Clinton decline to testify in House Epstein investigation

Former President Bill Clinton and former Secretary of State Hillary Clinton say they will refuse to comply with a congressional subpoena for them to testify in an investigation into Jeffrey Epstein.

Scott Adams, creator of 'Dilbert', dies at 68 after battle with cancer

Adams was the 1997 recipient of the National Cartoonist Society's Reuben Award, considered one of the most prestigious awards for cartoonists

US designates 3 Muslim Brotherhood brances as foreign terrorist groups

The Jordanian and Egyptian branches were listed by Treasury as specially designated global terrorists for providing support to Hamas

Meta seeks to ramp up Ray-Ban smart glasses output to meet demand

The partners have also discussed going further to establish the capability of producing more than 30 million units, should demand justify such a move

Global central bank chiefs rally behind Fed chair Powell after Trump threat

Powell has been threatened with a probe over congressional testimony he gave last summer about the renovation of the Fed's headquarters

JD Vance to host US-Denmark-Greenland talks in Washington this week

The vast Arctic island is a semiautonomous territory of Denmark, a NATO ally of the US