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IN THE NEWS

Stocks mostly drop as rate-hope rally fades

Stocks mostly drop as rate-hope rally fades

Major Asian and European stock markets fell Thursday as investors took a breather and cashed in on a recent rally following better-than-expected US inflation figures.

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Spectre of war paralyses Lebanon's hospitality sector

Spectre of war paralyses Lebanon's hospitality sector

Bartender Richard Alam has poured hardly any drinks at his pub in Lebanon's seaside city of Byblos, where once-busy streets have emptied of customers scared by border tensions during the Israel-Hamas war.

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Maclaren hits hat-trick as Australia hammer Bangladesh in World Cup qualifier

Maclaren hits hat-trick as Australia hammer Bangladesh in World Cup qualifier

Substitute Jamie Maclaren hit a second-half hat-trick as Australia crushed Bangladesh 7-0 to kick off Asian qualifying for the 2026 World Cup with a bang on Thursday.

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How much damage could possible Iceland volcano eruption cause?

How much damage could possible Iceland volcano eruption cause?

A town has been evacuated in southwestern Iceland after hundreds of earthquakes caused by shifting underground magma sparked fears of a full-blown volcanic eruption.

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Rich nations 'likely' met $100 bn climate finance goal: OECD

Rich nations 'likely' met $100 bn climate finance goal: OECD

Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations last year -- two years later than promised and only a fraction of the "extensive needs", the OECD said Thursday.

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Oil, gas giants could pay climate damage and still profit: research

Oil, gas giants could pay climate damage and still profit: research

Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday.

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Rain rescues slumping South Africa in World Cup semi-final

Rain rescues slumping South Africa in World Cup semi-final

Australia fast bowlers Mitchell Starc and Josh Hazlewood took two wickets each to rip through South Africa's top order in the second World Cup semi-final on Thursday before rain came to the Proteas' rescue.

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Australia on top as South Africa slump to 24-4

Australia on top as South Africa slump to 24-4

Australia fast bowlers Mitchell Starc and Josh Hazlewood took two wickets each to rip through South Africa's top order in the second World Cup semi-final on Thursday.

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Siemens nets record profits, but outlook cautious

Siemens nets record profits, but outlook cautious

German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division.

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Man arrested after car crashes near Israeli embassy in Tokyo

Man arrested after car crashes near Israeli embassy in Tokyo

A Japanese man was arrested on Thursday after crashing a car through a barrier near the Israeli embassy in Tokyo, police said.

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