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Advanced economies must 'act now' to lower debt as bond yields spike: IMF
The International Monetary Fund on Wednesday called for advanced economies to "act now" to address ballooning debt, with spiking bond yields at multi-decade highs and pressure growing on central banks to hike interest rates.
Lula, Bolsonaro ordered to call off attempts at online censorship
Brazil's electoral court on Tuesday warned President Luiz Inacio Lula da Silva and senator Flavio Bolsonaro to call off their legal showdown over social media in their presidential campaigns.
Saudi says Houthi attacks sparked Aramco fire, wounded 4 in Riyadh
Saudi Arabia said on Wednesday that an attack on an Aramco building in the kingdom's east sparked a "limited fire" and that debris from intercepted Houthi missiles wounded four people in the capital Riyadh.
US fines Bank of America $1.2 bn for anti-money laundering violations
The US Treasury Department said Tuesday that it is imposing penalties of more than $1.2 billion on Bank of America, citing "violations of anti-money laundering and sanctions laws."
Trump ousts Greece ambassador over ethics scandal
US President Donald Trump forced his ambassador to Greece Kimberly Guilfoyle out of the administration on Tuesday, amid allegations that she sought money from one of his supporters and accepted lavish hospitality from wealthy Greek businessmen.
US stocks dip ahead of inflation data as tech sell-off hits Asia
Wall Street stocks were mostly lower at the end of a choppy session Tuesday, digesting solid results from US banks and a pullback in Asian markets prompted by worries over the AI investment boom.
Bipartisan US senators urge Trump to scrap Russian diesel deal
Republican and Democratic US senators joined forces Tuesday to urge President Donald Trump to scrap his diesel deal with Russia, calling it a "betrayal" that would bankroll Moscow's war in Ukraine while doing little to ease soaring fuel prices.
Saudi coalition strikes Yemen oil sites after Houthi attacks
The Saudi-led coalition battling the Iran-backed Houthis struck oil sites across western Yemen on Tuesday including in the capital Sanaa, in response to the deadliest attack on the kingdom's soil in years.
French economy minister denies country caught in debt 'snowball'
France's Economy Minister Roland Lescure said Tuesday that the country was not trapped in a debt "snowball" as he pressed opposition parties to pass a government budget for 2027.
Regulator 'will resign' if any political interference in Man City case
The chair of English football's Independent Regulator has said he will resign if there is political interference into any future investigation into Manchester City as a result of widespread impropriety, while warning the domestic game was "on the edge of financial disaster".
Big US banks report strong earnings and stay bullish on AI
Major US banks offered a largely upbeat outlook Tuesday, expressing confidence that the artificial intelligence investment boom will continue despite public pushback to the technology.
Demonstrations backing France's protesting students gather strength
Tens of thousands of people joined rallies across France on Tuesday to support protesting high school students, boosting a movement that poses a major challenge to President Emmanuel Macron as his term in office winds down.
Trump says US Senate as hard to defend as House in midterms
US President Donald Trump said Tuesday Republicans face an equally difficult fight to retain control of the House of Representatives and the Senate in November's midterm elections, despite forecasts showing a considerably tougher contest in the House.
In a first, AI helps UK lawmaker find her voice in parliament
A British lawmaker made history on Tuesday by becoming the first person to use an AI-generated voice to deliver a speech in the UK parliament.
Suspected Russian drones hit two ships off Bulgaria, 11 missing
Suspected Russian drones struck two cargo ships off Bulgaria Tuesday, sinking one vessel and leaving 11 sailors missing in the latest spillover from the Ukraine war in the Black Sea.
Tech stocks slide on AI jitters
Asia's tech-heavy stock markets slumped Tuesday on fresh worries about the outlook for the AI investment boom, overshadowing solid performance by US banks at the start of the third quarter earnings season.
Trump asks Greece ambassador to resign amid ethics scandal
US President Donald Trump's administration has asked his ambassador to Greece Kimberly Guilfoyle to resign, the White House said Tuesday, amid allegations that she sought money from a Trump supporter and accepted lavish hospitality from wealthy Greek businessmen.
Houthis say Saudi Arabia strikes oil site in Yemen's capital
Yemen's Houthis said Saudi Arabia struck an oil facility in Sanaa on Tuesday, after the Riyadh-led coalition told civilians to leave the surrounding area in its first evacuation order for the Yemeni capital since the war flared up again.
New White House spokeswoman heavy on Trump praise, light on questions in debut
New White House Press Secretary Katie Zacharia made her briefing room debut Tuesday by taking remarkably few questions from journalists while leaving no doubt who she believes has all the answers -- Donald Trump.
Flavio Bolsonaro visits father under house arrest ahead of Brazil runoff
Brazilian presidential candidate Flavio Bolsonaro on Tuesday visited his father, former far-right president Jair Bolsonaro, under house arrest with just under two weeks before the country's runoff election.
France, Eq. Guinea in standoff over luxury Paris mansion
France and Equatorial Guinea are locked in a bitter row over a luxury mansion in one of the swankiest districts of Paris, with French authorities putting it up for sale but the west African nation refusing to relinquish the premises.
Trump asks Greece ambassador to resign amid bribery scandal: White House
US President Donald Trump's administration has asked his ambassador to Greece Kimberly Guilfoyle to resign, the White House said Tuesday, amid allegations that she sought money from a Trump supporter and accepted lavish hospitality from wealthy Greek businessmen.
Saudi coalition tells Sanaa residents to flee site before operation
The Saudi-led coalition signalled an imminent attack on an oil facility in Yemen's Houthi-controlled capital on Tuesday, warning civilians in the surrounding area to get out.
France budget debate faces rocky start as Socialists vow to fight
Prime Minister Sebastien Lecornu of France sought Tuesday to dissuade the Socialist Party from derailing the 2027 budget debate in parliament, as the government tries to reassure anxious debt markets while containing public anger over spending cuts.
AI could 'change the stakes' on bioweapons: UK spy chief
The head of Britain's domestic spy agency warned Tuesday that artificial intelligence was affecting the security risks faced by the UK, and could "change the stakes" on bioweapons.
Sweden centre-left leader fails to form government
Sweden's Social Democratic party leader Magdalena Andersson said Tuesday she had failed to form a government with the three other parties in the left-wing bloc following last month's election.
Hungary cuts anti-LGBTQ measures from Orban-era law
Hungarian lawmakers on Tuesday voted to remove anti-LGBTQ provisions in a 2021 "child protection" law adopted under nationalist ex-leader Viktor Orban.
Tech stocks slump on AI jitters; oil falls
Asia's tech-heavy stock markets slumped Tuesday on fresh worries about the outlook for the AI investment boom, while European stocks gained thanks to a retreat in oil prices.
Prosecutors drop most impeachment charges against Philippine VP Duterte
A Philippine impeachment court on Tuesday granted prosecutors' request to drop most of the charges against Vice President Sara Duterte at a trial that could still block her 2028 presidential bid.
Hungary cuts anti-LGBTQ legislation from Orban-era law
Hungarian lawmakers on Tuesday voted to remove anti-LGBTQ provisions in a 2021 "child protection" law adopted under nationalist ex-leader Viktor Orban.
Hypersonic weapons highlight arms race on the Korean peninsula
South Korea test-fired its first homegrown hypersonic missile last week, days after the North announced the AI-assisted launch of an intermediate-range hypersonic missile.
'No choice': IMF says developing countries must cut spending despite war shock
The International Monetary Fund warned on Tuesday that while low-income developing countries were dealing with the disproportionate impacts of the Iran war-fuelled energy shock, many had "no choice" but to cut spending or potentially face debt restructuring.