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Nigeria's president pays tribute to Fela Kuti after Grammys Award

Nigeria's President Bola Tinubu on Sunday paid tribute to Afrobeat king Fela Kuti after his posthumous Lifetime Achievement Award at the Grammys, the first African artist to be honoured this way.

Afghan returnees in Bamiyan struggle despite new homes

Sitting in his modest home beneath snow-dusted hills in Afghanistan's Bamiyan province, Nimatullah Rahesh expressed relief to have found somewhere to "live peacefully" after months of uncertainty.

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Hong Kongers bid farewell to 'king of umbrellas'

Scores of residents flocked to a cramped shop in Hong Kong's old district to bid farewell to the city's "king of umbrellas", who is retiring after spending decades repairing umbrellas at his family business.

US stocks edge lower from records as precious metals surge

Wall Street stocks edged down from records on Friday amid holiday-thinned trading while precious metals extended their year-long surge to record highs.

Former Montpellier coach Gasset dies at 72

French football coach and "emblematic" figure Jean-Louis Gasset died on Friday at the age of 72, his former club Montpellier announced.

Nigeria signals more strikes likely in 'joint' US operations

Nigeria on Friday signalled more strikes against jihadist groups were expected after a Christmas Day bombardment by US forces against militants in the north of the country.

Japan govt approves record budget, including for defence

The Japanese government approved a record budget for the upcoming fiscal year on Friday, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

Asia markets edge up as precious metals surge

Asian stocks edged higher on Friday amid holiday-thinned trade and with some exchanges closed for Boxing Day, while precious metals extended their year-long rally towards record highs.

'No winner': Kosovo snap poll unlikely to end damaging deadlock

Before the first vote is even cast in Kosovo's snap election on Sunday, experts predict it is unlikely to end the political crisis that has been gripping Europe's youngest country for almost a year.

Main contenders in Kosovo's snap election

Kosovo is heading for early elections Sunday after months of political deadlock and failure to form a government -- the only solution its deeply divided parties could agree on to break the stalemate.

Japan govt approves record 122 trillion yen budget

The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.

Dow, S&P 500 end at records amid talk of Santa rally

Major US stock indices finished at fresh records Wednesday following a shortened pre-holiday session while gold and silver prices also struck fresh highs.

Investors watching for Santa rally in thin pre-Christmas trade

Stock markets steadied Wednesday in thin Christmas Eve trade while gold and silver prices struck fresh highs.

Why metal prices are soaring to record highs

Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply.

Stocks tepid in thin pre-Christmas trade

European and Asian markets were tepid Wednesday in thin Christmas Eve trade as investors struggled to track a record day on Wall Street fuelled by forecast-topping US economic data.

Rome pushes Meta to allow other AIs on WhatsApp

Italian regulators ordered Meta on Wednesday to open its WhatsApp chat platform to rival AI chatbots as it and EU authorities pursue a probe that the US tech giant is abusing its dominant market position.

Festive lights, security tight for Christmas in Damascus

Christmas lights illuminate Damascus's Old City while government forces patrol its shadows as security fears haunt Syria's Christian community.

Asian markets mixed after US growth data fuels Wall St record

Asian markets went into the Christmas break Wednesday on a mixed note as investors struggled to track a record day on Wall Street fuelled by forecast-topping US economic data.

US slams China policies on chips but will delay tariffs to 2027

US trade officials determined that China should be punished for employing unfair tactics to dominate the semiconductor industry, but will wait 18 months to impose tariffs, American authorities said Tuesday.

Libya's top military chief killed in plane crash in Turkey

The head of Libya's armed forces and four other passengers died on Tuesday when their business jet crashed shortly after taking off from Ankara, officials in Turkey's capital and Tripoli said.

Venezuela passes law to jail backers of US oil blockade

Venezuela's parliament passed a law Tuesday that carries lengthy prison terms for any national supporting a United States' oil tanker blockade Caracas has termed piracy.

US consumer confidence tumbles in December

US consumer confidence languished at a multi-month low in December as a slowing job market offset better sentiment after the government shutdown ended, according to a survey released Tuesday.

Norwegian biathlete Sivert Guttorm Bakken found dead in hotel

Norwegian biathlete Sivert Guttorm Bakken, 27, has been found dead in his hotel room in Lavaze, Italy, the Norwegian Biathlon Association said Tuesday, adding that the cause of death was unknown.

Venezuela seeks to jail backers of US oil blockade

Venezuela's parliament is set to debate a law Tuesday that envisages lengthy prison terms for any national supporting a United States' oil tanker blockade Caracas has termed piracy.

Norwegian biathlete Sivert Guttorm Bakken found dead

Norwegian biathlete Sivert Guttorm Bakken, 27, has been found dead in his hotel room in Lavaze, Italy, the Norwegian Biathlon Association said Tuesday, adding that the cause of death was unknown.

US economic growth surges in 3rd quarter, highest rate in two years

US economic growth in the third quarter came in at 4.3 percent on an annualized basis, easily topping expectations, according to Commerce Department data released Tuesday.

Stocks slip on strong US growth data

Wall Street's main stock indices briefly slid lower on Tuesday as much stronger-than-expected US growth figures befuddled hopes for further interest rate cuts, while gold and silver struck fresh records.

Russian strike could collapse Chernobyl shelter: plant director

A Russian strike could collapse the internal radiation shelter at the defunct Chernobyl nuclear power station in Ukraine, the plant's director has told AFP.

Italy fines Ryanair $300 mn for abuse of dominant position

Italy's competition authority said on Tuesday it had fined low-cost airline Ryanair more than 255 million euros ($300 million) for allegedly abusing its dominant position to block travel agencies' access to its services.

Stocks steady as rate cut hopes bring Christmas cheer

Stock markets steadied on Tuesday, while gold and silver hit fresh records as optimism for US rate cuts helped investors ease into the festive break.

In Bulgaria, villagers fret about euro introduction

In Bilyana Nikolova's grocery store in Chuprene, a village in northwestern Bulgaria, prices are now displayed in levs and euros on hundreds of food products and other items.

Delayed US data expected to show solid growth in 3rd quarter

The US economy is expected to post another solid economic growth reading Tuesday, but the much-delayed figures likely will not settle debate on the labor market, AI and other variables.

Trump says US needs Greenland 'for national security'

President Donald Trump on Monday reiterated that the United States needed Greenland for "national security" after his appointment of a special envoy to the Danish Arctic island triggered a new spat with Copenhagen.

'Call of Duty' co-creator Vince Zampella killed in car crash

Vince Zampella, the acclaimed co-creator of the video gaming juggernaut "Call of Duty," has died in a car crash, gaming giant Electronic Arts confirmed on Monday.

Bombay Durpun - Economy (English)