Page 773 - World News

UK backs probe into child sexual abuse gangs after Musk stoked controversy

Musk criticised Starmer for not backing inquiry into the matter following a request from local authority in northern English town of Oldham, where police found girls under 18 were sexually exploited

Oil drops $1 on halt in Houthis' Red Sea attacks, US retail boost

The attacks have disrupted global shipping, forcing firms to reroute to longer and more expensive journeys around southern Africa for more than a year

'TikTok Refugees' in US test Xi's firewall while embracing Chinese RedNote

After the US Supreme Court signaled it was likely to uphold a law banning the popular TikTok social media app, a reported 700,000 new users flooded onto the Chinese app, Xiaohongshu

Israel delays Gaza ceasefire deal approval, as strikes on enclave kill 77

Hamas senior official Izzat el-Reshiq said that the group remained committed to the ceasefire deal that was scheduled to take effect from Sunday to bring an end to months of bloodshed

China's ministry launches probe into US chip subsidies, alleged dumping

The Commerce Ministry didn't name any company, but several US firms including Texas Instruments Inc. and Analog Devices Inc. rank among the leaders in lower-end products such as power and analog chip

Oligarchy taking shape in America, says Joe Biden in farewell address

His speech in the Oval Office is the latest in a series of remarks on domestic policy and foreign relations that are intended to cement his legacy

Boat carrying migrants capsizes near Morocco; over 40 Pakistanis dead

Migrant rights group Walking Borders said as many as 50 migrants may have drowned

As pressure mounts, UK govt announces probes into child rape gangs

The announcement marks a partial retreat by Prime Minister Keir Starmer, who had pushed back against demands by Musk and others for a fresh national inquiry into the child rape gangs

Fed could cut rates sooner if disinflation trend continues: Waller

The Fed is anticipated to hold its benchmark overnight rate steady in the 4.25 per cent-4.50 per cent range at its meeting later this month, but investors had expected the pause to last June

Taiwan takes another step in production of AI chips with advanced new plant

The opening ceremony for the Tan-Ke factory in the central city of Taichung was attended by Jensen Huang, CEO and co-founder of California-based Nvidia Corp

China offers $3.7 bn for SL's refinery as Dissanayake seeks more investment

This significant achievement was formalised this morning with the signing of an agreement between Sri Lanka's Ministry of Energy and Sinopec, a leading Chinese international petroleum corporation

South Africa standoff ends with 87 miners dead, anger over police's tactics

Authorities faced growing anger and a possible investigation over their initial refusal to help the miners and instead smoke them out" by cutting off their food supplies

Morgan Stanley's Q4 profit jumps on rise in dealmaking, stock sale

Dealmaking was also propelled by a strong US economy, interest-rate cuts and expectations of lighter regulation under incoming US President Donald Trump

Israeli strikes kill 72 since ceasefire announced: Gaza health ministry

Netanyahu began signaling there were issues with the deal just hours after US President Joe Biden and key mediator Qatar announced it was complete

BofA Q4 profit jumps on trading boost, sees higher 2025 interest income

The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets

'Last minute crisis' with Hamas holding up Gaza truce approval: Netanyahu

Netanyahu began signalling there were issues with the deal just hours after US President Joe Biden and key mediator Qatar announced it was complete

BP cuts over 5% of workforce in CEO Murray Auchincloss' cost-cutting plan

BP CEO Auchincloss last year vowed to reduce the British company's costs by at least $2 billion by the end of 2026 as part of his drive to boost returns amid investor concerns

Global shares rise as Wall Street rally follows positive US inflation data

Bank of Japan data showed wholesale prices in Japan rose 3.8% in December last year compared to a year earlier, adding to pressures on the central bank to raise interest rates

China, Russia support Gaza ceasefire, hope for permanent peace, stability

China will continue to provide humanitarian assistance to Gaza and make "positive efforts" for post-war reconstruction, he added

Mike Waltz signals continuation of Biden policies, calls India key partner

Waltz would take charge as National Security Advisor to Donald Trump when he is sworn in as the 47th president of the United States