World News

Dollar advances as Fed likely to slow rate cut pace after US jobs data

The greenback rose to a near six-month peak after the US data. It was up 0.4 per cent at 158.195 yen. Earlier in the global session, the dollar hit its highest since July of 158.425 yen

US job openings rise unexpectedly to 8.1 million in November, hiring falls

Job openings, a measure of labor demand, rose 259,000 to 8.098 million by the last day of November, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey

Indian diaspora groups condemn use of term 'Asian' in UK's child sex abuse

Defending his record, British Prime Minister Keir Starmer said on Monday that he had reopened such cases and brought the first prosecution of an Asian grooming gang in Rochdale

Tibet earthquake caused no damage to dams, reservoirs, says Chinese govt

The statement by the Ministry of Water Resources came as the earthquake highlighted concerns raised by experts about China's plan to build the world's largest dam on the Brahmaputra

China's Shandong Port bans US-sanctioned tankers from calling into its port

The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17 per cent of China's imports

Opec oil output falls in December on drop in UAE, Iran production: Report

The Organization of the Petroleum Exporting Countries pumped 26.46 million barrels per day last month, down 50,000 bpd from November

Chinese tech giants Tencent, CATL protest US listings as army-linked cos

The US has in recent years sought to restrict sharing of advanced technology, including semiconductors and artificial intelligence, deeming it to be a threat to national security

US trade deficit widens in Nov as goods imports surge 3.4% to $351.6 bn

Imports rose 3.4 per cent to $351.6 billion. Goods imports surged 4.3 per cent to $280.9 billion. They were driven by a $3.7 billion increase in industrial supplies and materials

US dockworkers threaten to strike against automation, shutdown threat looms

The union and its president, Harold Daggett, are dead set against allowing additional automation at East and Gulf coast ports

Pak govt takes Musk-style DOGE action, abolishes 150,000 jobs to cut costs

The size of the Pakistani government came into the crosshairs after the sharp increase in expenditures and questions were being raised over it

Trump Jr visits Greenland after his father suggests US ownership of Nuuk

The visit to a freezing, snow-covered Nuuk was expected to last four to five hours, and no meetings were scheduled with government officials, a local official told Reuters

Indonesia admitted to BRICS bloc of developing nations, Brazil announces

Indonesia's candidacy was endorsed by BRICS leaders in August 2023, according to the foreign ministry of Brazil

Jean-Marie Le Pen, co-founder of French far-right front, dies at 96

Le Pen, who once reached the second round of the 2002 presidential election, was eventually estranged from his daughter, Marine Le Pen

Biden administration negotiating with Taliban to exchange detainees: Report

Biden's administration is seeking the return of three Americans seized in 2022 - Ryan Corbett, George Glezmann and Mahmood Habibi - in exchange for Muhammad Rahim al-Afghani

Dollar falls as markets ponder proposed Trump tariffs, US data in focus

Investors have been pricing in a scenario where the implementation of widespread tariffs could boost US inflation, potentially limiting the Federal Reserve's ability to cut interest rates

'Insane thing': Sam Altman says OpenAI losing money on ChatGPT subscription

Co-founder of OpenAI Sam Altman revealed that the Pro plan, designed to offer users premium access to GPT-4, is running at a loss

International cooperation flatlined, some hope in climate finance: WEF

It also said that AI and other emerging technologies are reshaping the global landscape and driving upheaval, making concerted cooperation critical to harness benefits and minimising risks

Israel launches raids across occupied West Bank, kills 3 Palestinians

Israel said that the overnight operations were not related to the shooting the day before, in which gunmen opened fire on a bus carrying Israelis in the West Bank, killing three persons

The Himalayan time bomb: Why Nepal and Tibet face frequent earthquakes

An earthquake of magnitude 7.1 shook Tibet, with strong tremors felt in neighbouring Nepal, India, Bhutan, and parts of China

Have been talking with Xi Jinping through aides, says President-elect Trump

Trump, who takes office on Jan. 20, described Xi as a strong and powerful man who he said was revered in China