US Govt Sends Drugmakers Initial Offers In Price Talks
The move comes as President Joe Biden pushes to rein in health care costs ahead of November's election. The negotiation program came on the back of Biden's landmark Inflation Reduction Act, a major package of energy transition policy and social reforms.
Meta, Amazon Beat Expectations With Stellar Results
Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.
Apple Promises AI Innovation As China IPhone Sales Slip
The iPhone maker reported revenue was up slightly from the same quarter a year earlier, as money brought in from services and digital content set a new record. But worries surrounding the China market cast a pall on the news.
US Apple Fans Get Hands On $3,500 Vision Pro
Vision Pro's release by the world's most iconic device maker is a major milestone for the lovers of virtual or augmented reality, who see the technology as the next chapter in online life after the smartphone.
Kim Inspects Warships As North Korea Prepares For Conflict
In recent weeks, Kim has declared South Korea his country's "principal enemy", jettisoned agencies dedicated to reunification and outreach, and threatened war over "even 0.001 mm" of territorial infringement.
Top UN Court To Rule On Jurisdiction Over Ukraine Invasion
Ukraine dragged Russia before the International Court of Justice only a few days after the invasion, seeking to battle its belligerent neighbor on all fronts, legal as well as diplomatic and military.
Argentine Police Battle Protesters Opposed To Sweeping Reform Bill
Opposition legislators stormed out of the building at one point to observe and denounce the police action, but later went back inside to take their seats and the debate resumed until past midnight.
Hamas Gives 'Initial' Support To Gaza Truce Plan As Fighting Rages
The humanitarian crisis and the mounting civilian death toll have triggered growing international calls for a ceasefire. Qatar's foreign ministry spokesman Majed al-Ansari said there were hopes of "good news" about a fresh pause to the fighting "in the next couple of weeks".
Three Dead, Over 270 Injured In Huge Fire In Kenyan Capital
Firefighters managed to bring the blaze under control by around 9:00 am (0600 GMT), more than nine hours after it erupted, according to an AFP journalist at the scene.
On Course For Power, UK's Labor Prepares For A Quick Change
But if Labor defeats the governing Conservatives by a majority at this year's nationwide vote, its leader Keir Starmer will replace Rishi Sunak inside 10 Downing Street within hours.
China Economic Slowdown To Persist Through 2028: IMF
The world's second-largest economy last year saw some of its slowest growth in decades, as a debt crisis in the property sector added to geopolitical tensions and weakening global demand.
Netanyahu's Political Tightrope On Hamas Hostage Deal
A proposal to free the hostages in exchange for a pause in Israel's offensive in the Palestinian territory is being studied by Hamas leaders after it was thrashed out by Israel, Qatar, Egypt and the United States.
Public Transport Walkout Hits Strike-battered Germany
The Verdi services trade union called on more than 90,000 workers at over 130 local companies operating buses, trams and underground services to join the walkout in an escalating dispute over pay and working conditions.
Big Grammy Year For Women Nominees Spotlights Industry Progress
At Sunday's gala, seven of eight of nominees in the Album and Record of the Year categories are women or gender fluid, among them Taylor Swift, SZA and Olivia Rodrigo -- a sea change many industry watchers see as long overdue.
Facebook, The Social Network Old-timer, Turns 20
Facebook became a venue for connecting with just about anyone, anywhere and by 2023 reported being used by more than 3 billion people monthly -- a three percent growth over the previous year.
IMF Authorizes $4.7 Bn For Argentina After Milei's 'Bold' Reforms
IMF chief Kristalina Georgieva praised the Milei government's "bold actions to restore macroeconomic stability and... address long-standing impediments to growth."
EU Strikes 50-bn-euro Ukraine Aid Deal
The abrupt about-face from Orban on the vitally needed four-year funding package for Kyiv came as after EU leaders offered a possible review of the spending in two years.
Creeping War Threatens Sudan's Eastern Border
Sudan's war has already killed thousands, including between 10,000 and 15,000 in a single city in the western Darfur region, according to UN experts.
Stock Markets Stumble As Fed Crushes March Rate Cut Hope
The downbeat sentiment was compounded by disappointing earnings from US titans Microsoft and Google parent Alphabet, which pummeled the tech sector.
Deutsche Bank To Cut Jobs After Drop In 2023 Profit
Deutsche said it plans to cut around 3,500 jobs over the next two years, "mainly in non-client-facing areas".
Hong Kong Convicts Four Over 2019 Legislature Storming
It was the most violent episode in the initial stage of the huge protests that upended the financial hub that year, with Beijing later imposing a sweeping national security law to snuff out dissent.
Hamas Head Due In Cairo For Truce Talks
The leader of Hamas was expected in Cairo on Thursday for talks on a proposed truce in Gaza, as Israel kept up its offensive in the besieged Palestinian territory.
Bhutto Heir Forging Third Way In Polarised Pakistan Politics
The emblem of the Pakistan Peoples Party (PPP) he inherited from his mother Benazir Bhutto -- assassinated in 2007 -- symbolizes "the self-respecting", "the trustworthy" and "victory", he told followers crammed in a rain-slick park.
Eurozone Inflation Slows To 2.8% In January
Consumer prices slowed to 2.8 percent in January, from 2.9 percent in December, the EU's statistics agency said. Analysts surveyed by Bloomberg and FactSet had forecast inflation to slow to 2.7 percent.
Mexico President Rejects Drug Cartel Funding Claims
Mexican President Andres Manuel Lopez Obrador on Wednesday vehemently rejected claims that drug traffickers helped to fund his first presidential campaign in 2006, describing the allegations as "completely false."
Liverpool Sink Chelsea To Bolster Title Charge, Haaland Returns In Man City Cruise
Premier League leaders Liverpool stepped up their title bid with a 4-1 rout of Chelsea, while Erling Haaland made his Manchester City comeback as the champions beat Burnley 3-1 on Wednesday.
Cuba Delays 500% Fuel Price Hike Over 'Cybersecurity' Incident
Cuba's government on Wednesday delayed a planned 500 percent surge in the fuel price after a "cybersecurity incident," an economy ministry official said.
US Says It Hit Houthi Missile That Threatened American Planes
American forces destroyed a missile belonging to Yemen's Iran-backed Houthi rebels on Wednesday that posed an "imminent threat" to US aircraft, the military said.
UK Govt Publishes N.Ireland Deal Aimed At Ending Deadlock
The United Kingdom government on Wednesday outlined its proposals to get the Northern Ireland assembly back up and running after a political deadlock of nearly two years caused by divisions over post-Brexit trade rules.
US Lawmakers Win Apology From Zuckerberg In Tech Grilling
Meta CEO Mark Zuckerberg gave a public apology in US Congress on Wednesday as hostile lawmakers grilled tech chiefs over the dangers that children face on social media platforms.