China's credit card spending is growing at a rapid pace and Breakingviews' John Foley argues that once the fear of debt disappears it can be difficult to get back.
Thousands of Bangladeshis gathered to pray for rain on Wednesday in the middle of an extreme heatwave that prompted authorities to shut down schools around the country.Authorities ordered all schools last week to cancel classes until the end of the month.
Kyle Rittenhouse, acquitted after fatally shooting two men at a 2020 protest, is telling college students they need to arm themselves on campus.
An Australian counter terrorism team arrested seven teenagers on Wednesday linked to a boy charged with a religiously-motivated terror attack on a Sydney bishop and questioned another five people. Police said a team of more than 400 police and security personnel were involved in the operation, which arrested associates of a 16-year-old boy charged with a terrorism offence for the knifing of Assyrian Bishop Mar Mari Emmanuel during a live-streamed church service on April 15. Police said they took the teens into custody because they posed an "unacceptable risk" to society.
Donald Trump's supporters aren't exactly flocking to New York City to protest his hush money trial.
Wegovy was approved by the U.S. health regulator last month for lowering the risk of stroke and heart attack in overweight or obese adults who do not have diabetes. The additional approval would expand Medicare coverage for Wegovy and coverage by other insurers for such adults with heart conditions.
U.S. Secretary of State Antony Blinken has begun a critical trip to China armed with a strengthened diplomatic hand following Senate approval of a foreign aid package that will provide billions of dollars in assistance to Ukraine, Israel and Taiwan as well as force TikTok’s China-based parent company to sell the social media platform -– all areas of contention between Washington and Beijing. Blinken arrived in Shanghai on Wednesday just hours after the Senate vote on the long-stalled legislation and shortly before President Joe Biden is expected to sign it into law to demonstrate U.S. resolve in defending its allies and partners.
Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market last week by dialling back its expectations for the sector's growth this year, especially in more mature technologies used in sectors like autos. United Microelectronics Corp (UMC) focuses on more mature nodes, unlike Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which is investing big in the most advanced 2 and 1 nanometre technology to power artificial intelligence (AI) applications.
Italy's competition authority said Wednesday it had fined two Amazon companies 10 million euros ($10.6 million) for unfair commercial practices, for pushing customers into agreeing to "recurring" rather than "one-time" purchases online.As a result, the competition authority said it has fined two Amazon group companies, the Luxembourg-based Amazon Services Europe and Amazon EU. The watchdog said it had also raised concerns about the pre-selection of the "paid fast delivery" option.
President Joe Biden's long, painful battle with Republicans in Congress to secure urgently needed assistance for Ukraine will end Wednesday when he signs into law a $95 billion war aid measure that also includes support for Israel, Taiwan and other allies. Biden is expected to quickly approve the transfer of an initial aid package of about $1 billion in military assistance — the first tranche from about $61 billion allocated for Ukraine, according to U.S. officials.
The news cheered up investors who were bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. It also helped Wall Street shrug off the company's weak results that included its first quarterly revenue decline in nearly four years and a lower-than-expected profit. "First impression for us is CEO Elon Musk is appeasing the market by accelerating new product launches," Jefferies analysts, led by Philippe Houchois, said in a note.
The number of truly competitive seats is smaller than it's been in decades.
Travelers often spend more than they need to for airfare, experts say. Here's what to know about paying for add-ons like your seat assignment.
The challenge concerning Idaho hospitals’ obligation to provide abortions during medical emergencies would have national ripple effects.
An expansion of a data privacy measure following the killing of a judge’s son might have started a cottage industry in New Jersey.
US Secretary of State Antony Blinken returned Wednesday to China on his second visit in a year, as the United States ramps up pressure on its rival over its support for Russia while also seeking to manage tensions with Beijing. But Blinken is also seeking to stabilise ties, with tensions between the world's two largest economies palpably easing since his last visit in June.
A prominent German far-right lawmaker said Wednesday that he will dismiss an assistant who was arrested on suspicion of spying for China, but will remain the Alternative for Germany party's top candidate in the upcoming European Parliament elections. Maximilian Krah's assistant, Jian Guo, was arrested Monday. Prosecutors accuse Guo — a German national who had worked for Krah since his election to the European Union legislature in 2019 — of working for a Chinese intelligence service and of repeatedly passing on information on negotiations and decisions in the European Parliament in January.
A top Russian military official arrested on suspicion of accepting a bribe was sent to pre-trial detention Wednesday after appearing before a court in central Moscow, court officials said in a statement. Timur Ivanov, 48, one of Russia’s 12 deputy defense ministers, was arrested Tuesday evening, Russia’s Investigative Committee said in a statement. According to a statement from the court, investigators told Moscow’s Basmany court Wednesday that Ivanov had conspired with third parties to receive a bribe in the form of unspecified property services “during contracting and subcontracting work for the needs of the Ministry of Defense.”
President Marcelo Rebelo de Sousa said late on Tuesday that Portugal was responsible for crimes committed during transatlantic slavery and the colonial era, and suggested there was a need for reparations. Portugal trafficked nearly 6 million Africans, more than any other European nation, but has failed so far to confront its past and little is taught about its role in transatlantic slavery in schools. Instead, Portugal's colonial era, during which countries including Angola, Mozambique, Brazil, Cape Verde and East Timor as well as parts of India were subjected to Portuguese rule, is often perceived as a source of pride.
Extreme heat scorched the Philippines on Wednesday, forcing schools in some areas to suspend in-person classes and prompting warnings for people to limit the amount of time spent outdoors."We need to limit the time we spend outdoors, drink plenty of water, bring umbrellas and hats when going outdoors," Solis told AFP. Solis said El Nino was the reason for the "extreme heat" affecting swaths of the country.
The European Union on Wednesday announced a probe into China's medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in "protectionism".China's medical devices market is the second largest after the United States, worth around 135 billion euros in 2022 ($145 billion), according to a 2023 report by China-focused think tank MERICS. The EU probe is the first under the bloc's International Procurement Instrument which seeks to promote reciprocity in access
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