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Sri Lanka train memorial honours tsunami tragedy

Just inland from the crashing waves on Sri Lanka's palm-fringed shores, the train slowly came to a stop on Thursday -- marking the moment a deadly tsunami hit 20 years ago.

Asia stocks up as 'Santa Rally' persists

Asia's stocks rose in thin Boxing Day trade on Thursday, extending a "Santa Rally" with key markets Hong Kong and Sydney still shut for the holidays.

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Warhammer maker Games Workshop enters London's top stocks index

British company Games Workshop, makers of miniature wargames figures, entered London's top-tier FTSE 100 index, the London Stock Exchange announced Wednesday, propelled by the profitability of its Warhammer franchise and its licencing potential.

Pope Francis receives electric popemobile from Mercedes

German automaker Mercedes-Benz delivered an electric popemobile to the Vatican on Wednesday for use by the pontiff, who has repeatedly called for global action on the climate crisis.

Seoul stocks weaken, Paris advances despite political turmoil

South Korea's stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.

Trump taps Peter Navarro as trade, manufacturing counselor

US President-elect Donald Trump announced Wednesday that his former White House trade advisor Peter Navarro -- who went to prison for contempt of Congress -- would return as senior counselor for trade and manufacturing.

GM announces more than $5 bn hit to earnings in China venture

General Motors announced Wednesday it will book more than $5 billion in losses and write-downs due to the restructuring of its China joint-venture.

UK bans daytime TV ads for cereals, muffins and burgers

The UK government is banning daytime TV adverts for sugary foods like granola and muffins in its battle against child obesity, branding such popular items as junk food.

France's Orano says Niger junta controls uranium firm

French nuclear group Orano said Wednesday that authorities in Niger had taken "operational control" of its uranium mining unit, in an escalating spat between the company and the country's military junta.

Seoul stocks weaken, Paris edges up tracking political turmoil

South Korea's stock market fell less than feared Wednesday and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law.

Cameroon curator Kouoh is first African woman to lead Venice Biennale

The Cameroonian curator Koyo Kouoh has been appointed the first African woman to lead the Venice Biennale, one of the world's most important contemporary art shows.

OECD warns of protectionism weeks before Trump return

The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world economy, just weeks before Donald Trump is set to return to the White House.

Seoul stocks sink amid S. Korea drama as Asian markets mixed

South Korean stocks sank Wednesday while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later.

Ghana thrusts economy into limelight in tight race for president

When Ghana's Vice President Mahamudu Bawumia announced last year he would run for president, his ruling New Patriotic Party (NPP) was certain he would lead them to an unprecedented third term.

Vietnam pushes electric motorbikes as pollution becomes 'unbearable'

In Vietnam's heavily polluted capital Hanoi, teenage taxi driver Phung Khac Trung rides his electric motorbike through streets jammed with two-wheelers belching toxic fumes.

Life has 'disappeared': Mexican city reeling from cartel infighting

An eerie silence pervades the historic center of Culiacan, capital of the Mexican state of Sinaloa, where infighting among one of the world's biggest drug cartels has left hundreds of people dead since September.

Partner of ex-Abercrombie & Fitch CEO pleads not guilty to sex trafficking

The partner of the ex-CEO of the Abercrombie and Fitch clothing line pleaded not guilty Tuesday in US federal court to charges of sex trafficking and interstate prostitution and was released on $10 million bond.

Defying headwinds, German stocks hit milestone

Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy.

Stocks mixed as traders weigh US rates, China stimulus hopes

Stock markets struggled for direction Tuesday as investors weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook.

Cash crunch pushes Libyans to bank cards despite hurdles

In Libya, a shortage of cash in the banking system has pushed many to turn to cards for payments after more than a decade of war and instability has hammered the country's financial system.

Meta says no sign of AI bedeviling elections in 2024

Meta on Tuesday said fears that artificial intelligence would unleash a torrent of misinformation to deceive voters around the world did not come true as elections played out around the world this year.

China's Xi vows to deepen infrastructure cooperation with Nepal: state media

President Xi Jinping on Tuesday told Nepali Prime Minister Khadga Prasad Sharma Oli that China will offer more support to develop the country's infrastructure, Chinese state media reported.

Biden meets Angola leader in visit showcasing US investment in Africa

US President Joe Biden met his Angolan counterpart Joao Lourenco Tuesday at the start of a two-day visit to the African country centred on a major infrastructure project that showcases US investment on the continent, where rival China is boosting its own interests.

Stocks jump on China hope, euro rebounds

Stock markets and oil prices jumped Tuesday, supported by hopes China will unveil fresh measures to boost the world's number two economy.

Defying headwinds, Germany stocks hit milestone

Germany's blue-chip DAX stock index jumped above 20,000 points for the first time Tuesday following gains on US and Asian markets, defying multiple headwinds battering Europe's biggest economy.

Japan to use AI to tackle online manga and anime piracy

Japan is planning to use AI to police anime and manga pirating websites that the pop-culture powerhouse accuses of costing it billions of dollars in lost revenue every year.

China curbs exports of key chipmaking components to US

Beijing said Tuesday it would restrict exports to the United States of some key components in making semiconductors, after Washington announced curbs targeting China's ability to make advanced chips.

Asian markets mostly rise on China hope, euro hit by France woes

Most markets rose in Asia on Tuesday on hopes China will unveil fresh measures to boost the world's number two economy following reports that authorities will hold a key meeting next week.

China lifts final bans on Australian red meat as trade row nears end

China has fully lifted suspensions on Australian red meat, Canberra said Tuesday, dismantling one of the final barriers in a four-year trade war that hammered US$13 billion of exports.

EU countries to push for outdoor smoking and vaping bans

EU countries are poised to push for stricter anti-smoking rules on Tuesday, backing bans on smoking and vaping in many outdoor areas including playgrounds and cafe patios.

Life demanded for killer in femicide that outraged Italy

A student who admitted murdering his ex-girlfriend in a brutal case that sparked outrage and soul searching in Italy will be sentenced Tuesday.

Trump vows to defend US dollar hegemony, but is it under threat?

US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.

Vietnam court upholds death sentence for property tycoon

A Vietnamese court upheld the death penalty Tuesday for a property tycoon in a multi-billion dollar fraud case -- but said her life could still be spared if she paid back three quarters of the assets she embezzled.

Vietnam property tycoon on death row awaits appeal verdict

A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions in history.

Bombay Durpun - Economy (English)