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Candidate for UN chief calls for AI regulation akin to nuclear weapons

A contender to lead the UN called Wednesday for artificial intelligence to be regulated like nuclear weapons, warning that a Third World War would be fought with the emerging technology.

US Fed raises rates to battle inflation in move likely to rile Trump

The US Federal Reserve on Wednesday raised interest rates in the world's largest economy by 25 basis points to tackle stubbornly high inflation, a move sure to anger President Donald Trump, who has demanded lower rates.

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In Egypt's Nile Delta, women's field hockey team upholds ancient mantle

Egypt's fertile Nile Delta may not be the obvious destination for field hockey, but a women's team is blazing a trail in a region that lays claim to the sport's ancient roots.

Asian markets rebound as bank fears ease, Fed decision in view

Asian markets bounced Tuesday from the previous day's rout, with lenders boosted by easing concerns of another financial crisis, while focus turned to the Federal Reserve's policy decision later in the week.

Sri Lanka: timeline of a crisis

The International Monetary Fund approved a $2.9 billion bailout deal for Sri Lanka on Monday, raising hopes for an easing of the island nation's dire economic crisis.

Ukraine conflict to dominate Putin, Xi talks

Vladimir Putin and Xi Jinping were set to hold a second day of talks on Tuesday, as the internationally isolated Russian leader said he was open to discussing China's proposals on the fighting in Ukraine.

US government seeks to avoid 'bailout' label amid banking turmoil

US authorities may have taken extraordinary steps in recent weeks to assure depositors of failed lenders Silicon Valley Bank and Signature Bank, but they are avoiding parallels with bailouts of the 2008 crisis -- which have been criticized.

Three Ecuador TV stations receive letter bombs, one explodes

Letter bombs addressed to journalists were sent to three TV stations in violence-plagued Ecuador Monday, one of which exploded without causing casualties, officials and the outlets reported.

Venezuela's oil minister resigns over graft probe

Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.

Letter bomb explodes at Ecuador TV station, other media get envelopes

Two letter bombs were sent to TV stations in violence-plagued Ecuador on Monday, one of which exploded without causing casualties as other media also received suspect envelopes, officials and media reported.

BBC urges staff to ditch TikTok over data fears

The BBC said Monday that it had told staff to delete Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears.

French govt survives no-confidence votes in pension fight

The French government under President Emmanuel Macron on Monday survived two no-confidence motions in parliament, but still faces intense pressure over its handling of a controversial pensions reform.

Swiatek pairs up with Federer's sportswear brand On

World number one Iga Swiatek has signed a partnership deal with Swiss sportswear brand On, co-owned by Roger Federer, the Polish tennis player said on Monday.

Bank shares wobble after Credit Suisse buyout

Bank shares wavered in volatile trading on Monday after a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

Norway's high court confirms its control of Arctic resources

Norway's highest court confirmed on Monday the Norwegian state's exclusive right to natural resources on the continental shelf around the strategically important Svalbard archipelago in the Arctic.

Kuwait desert oil spill sparks 'state of emergency': company

The Kuwait Oil Company declared a "state of emergency" Monday over an oil spill on land, in an incident decried by environmental activists as a "recurring problem" in the energy-rich Gulf state.

Bank shares slide despite Credit Suisse buyout

Global bank shares took another beating on Monday despite a UBS takeover of embattled Swiss rival Credit Suisse and actions by financial authorities aimed at calming investors fearing a broader crisis.

Credit Suisse buyout faces harsh criticism at home

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.

UK minister faces hostile return after Rwanda asylum trip

One of Britain's most senior ministers came under fire Monday for laughing uproariously in front of a future migrant camp and asking for tips on interior design during a trip to Rwanda.

Bank shares, oil prices slide despite Credit Suisse buyout

Global bank shares and oil prices slumped Monday as a UBS buyout of Credit Suisse and reassurances from financial authorities failed to calm investors spooked by a fresh crisis.

EU hammers out 2-billion-euro ammunition plan for Ukraine

European Union ministers were set to sign off Monday on a two-billion-euro plan to raid their stockpiles and jointly purchase desperately needed artillery shells for Ukraine.

Stocks plunge despite Credit Suisse buyout, central banks' pledge

Equities sank Monday on fears about the financial sector, despite news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

Stocks drop despite Credit Suisse buyout, central banks' pledge

Asian equities sank Monday following a sell-off in New York on fears over the financial sector, with traders giving short shrift to news of UBS's takeover of embattled Credit Suisse and central bank pledges to provide liquidity to troubled lenders.

UBS announces Credit Suisse buyout to calm markets, but Asian equities sink

UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at preventing a wider international banking crisis, but Asian equities sank Monday on lingering worries about the sector.

US regulator sells failed Signature Bank assets to another lender

The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.

French govt faces make-or-break vote after pensions uproar

French Prime Minister Elisabeth Borne on Monday faces two motions of no confidence in the National Assembly lower house, after forcing through an unpopular pension reform last week without a vote.

Asian stocks drop despite Credit Suisse buyout, central banks' pledge

Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector, despite central banks' pledges to provide liquidity to troubled lenders and news that UBS had taken over embattled Credit Suisse.

UBS takeover of Credit Suisse: the main points

The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.

UBS takes over Credit Suisse in move to calm the markets

UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis.

Macron calls for calm amid French pension fury before crucial votes

French President Emmanuel Macron said Sunday he hoped his bitterly contested pensions reform plan, forced through parliament without a vote, could complete "its democratic journey", a day before crucial votes in parliament.

Controversial regasification unit arrives in Italy

A new floating storage and regasification unit considered crucial to Italy's energy security arrived in Tuscany on Sunday, sparking local protests.

Credit Suisse: a bank sunk by scandals

Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

UBS in $3.25bn takeover of Credit Suisse