Page 818 - World News

Bitcoin hits record high of $107,000, hopes grow for strategic reserve

Bitcoin, the world's biggest and best known cryptocurrency, extended gains to a session high of $107,148 and was most recently at $106,877, up 5.43% from late Friday

Arm, Qualcomm begin trial over AI PC chip Nuvia's licensing dispute

During opening arguments, attorneys for both companies displayed on a screen for jurors images of contracts, emails and internal corporate chats with key language highlighted

US treasury yields dip as traders await Fed's rate decision due on Wed

The Fed is expected to say that it will be in no rush to make further cuts as inflation improves but remains above its 2 per cent annual target, while the labor market also remains relatively strong

Ten EU nations write letter seeking wider sanctions on Russian-origin metal

There are more than 2,000 individuals and entities on the EU's sanctions list, but not Russian metal producers such as Rusal or primary metal produced in Russia

Germany's Scholz loses confidence vote, setting up early election in Feb

Scholz won the support of 207 lawmakers in the 733-seat lower house, or Bundestag, while 394 voted against him and 116 abstained. That left him far short of the majority of 367 needed to win

Canada's finance minister resigns after policy clash with PM Trudeau

Domestic media reports said Freeland and Trudeau had clashed over a government proposal for temporary tax breaks and other spending measures

Brazilian currency faces volatility as Prez Lula criticises rates level

Speaking in an interview with TV Globo aired late on Sunday, the leftist leader called the interest rate hikes "irresponsible" and said his government would "take care of that"

Damaged Russian ships likely spilled 3,700 tonnes of oil in Kerch Strait

An estimated 3,700 tons of low-grade fuel oil has spilled into the Kerch Strait after two Russian ships were seriously damaged by stormy weather, Russian state media reported Monday.

EU slaps sanctions on dozens more Russian officials; targets oil, gas fleet

Russia's vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and gas, or carrying stolen Ukrainian grain, was also targeted

US finalises $9.63 billion loan for Ford, SK On joint battery venture

BlueOval SK said it has invested more than $11 billion to date in the construction of the three 4-million-square-foot facilities and plans to begin production at the first Kentucky plant in 2025

Lenders Berkshire Hills Bancorp, Brookline to merge in $1.1 bn deal

Both Berkshire and Brookline are headquartered in Boston, Massachusetts and each hold around $12 billion in assets. The deal is set to create a $24 billion bank with a geographic footprint across five

Stop whitewashing mistakes, turn the knife inward: Xi to Chinese officials

Xi said all party members must deeply promote the party's self-revolution referring mainly to the fight against corruption

'Wanted to keep fighting', says Syria's Assad in 1st statement after ouster

Assad said that after the Russian base came under attack by drones, the Russians decided to move him

SoftBank CEO announces $100 bn US investment in meeting with Trump

Son will also promise in a joint announcement with Trump to create 100,000 jobs focused on artificial intelligence (AI) and related infrastructure

Dollar hovers near 3-week high before Fed meet, bitcoin tops $106,000

Bitcoin soared above $106,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve

Men signing up for military voluntarily turning the tide of war: Putin

He said roughly 430,000 Russians had signed army contracts this year, up from roughly 300,000 the year before, a factor he said had huge importance for Russia's war effort

UK govt approves $4.6 bn takeover of Royal Mail by Czech billionaire

Authorities confirmed Monday that the 3.6 billion-pound ( $4.6 billion) takeover of Royal Mail's owner, International Distribution Services, by billionaire Daniel Kretinsky's EP Group, can go ahead

Insurers flock to catastrophe-hit US property market amid rising risks

Recent large US hurricanes Helene and Milton have added to concern about property losses. However, the increasing regularity of extreme weather events has stoked the market for more expensive excess

Pakistan's central bank cuts key policy rate by 200 basis points to 13%

The State Bank of Pakistan (SBP) announced that its Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 13 per cent, effective from December 17, 2024

China to optimise use of special bonds for economic recovery next year

China has said local governments will be allowed to use special bonds to purchase unused land and support the purchase of existing commercial housing for use as affordable housing