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Ukrainian refuses German extradition in Nord Stream sabotage case

A Ukrainian man arrested in Italy this week over the 2022 sabotage of the Nord Stream underwater gas pipelines from Russia to Europe on Friday refused to be extradited to Germany, reports said.

Wall Street rallies, dollar drops as Fed chief fuels rate cut hopes

Wall Street shares rallied Friday as US Federal Reserve chief Jerome Powell left the door open to cutting interest rates, which also sent the dollar dropping against the euro and other major currencies.

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China's Baidu releases new, free AI model to compete with DeepSeek

Chinese internet search giant Baidu released a new artificial intelligence reasoning model Sunday and made its AI chatbot services free as ferocious competition grips the sector.

Rare iconic movie posters to be auctioned in US

Dozens of rare posters from some of the 20th century's most iconic films will go under the hammer this month as an American collector relinquishes some of his most precious possessions.

US Fed likely to keep rates steady as Trump uncertainty flares

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs.

Trump's bitcoin reserve a 'digital Fort Knox'

The creation of a "Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector.

US strikes in Yemen kill 20 as Trump vows to end Huthi attacks

The first US strikes against Yemen's Huthis since President Donald Trump took office in January killed at least 20 people, the rebels said Sunday, as Washington warned Iran to stop backing the group.

Latest power outage leaves Cubans struggling to get by

Most Cubans were without power for a second day Saturday, but as in the three earlier major outages of the past half year, they are adjusting -- with resignation.

Oil spill in Ecuador river brings emergency declaration

An oil spill in northwestern Ecuador has turned a river black, prompting authorities to declare an environmental emergency amid "unprecedented" damage and to order residents to ration drinking water, officials said.

Brazilians sentenced in beating death of Congolese migrant

Two Brazilians have been sentenced to 19 and 23 years in prison respectively for the beating death of a young Congolese migrant in Rio de Janeiro, the court announced Saturday.

France launches manslaughter probe against TotalEnergies over Mozambique attack

French prosecutors said Saturday they had opened a manslaughter investigation against energy giant TotalEnergies following a bloody 2021 jihadist attack in Mozambique.

Armed groups covet cocoa in eastern DR Congo

Despite the risks from deadly armed groups roaming the countryside, Judith Kahindo walks alone every day to her isolated cocoa plantation in the war-torn North Kivu region of the eastern Democratic Republic of Congo.

Cuba suffers fourth nationwide blackout in five months

Cuba suffered a general blackout on Friday caused by a crash of its national electricity grid, officials said, the fourth major power outage on the cash-strapped communist island in five months.

New nationwide blackout hits Cuba, officials say

Cuba suffered a general blackout on Friday caused by a crash of its national electricity grid, officials said, the latest major power outage in the island country.

Meta strives to stifle ex-employee memoir

Meta wants to derail a freshly released memoir by a former employee whose scandalous allegations the tech giant argues are untrue and should never have been published.

US Congress clears key hurdle in bid to avert govt shutdown

US senators agreed Friday to move forward with a bill backed by President Donald Trump to keep the government funded, greatly reducing the chances of a feared weekend government shutdown, as opposition from the minority Democrats collapsed.

Gold tops $3,000 for first time on Trump tariff war, stocks rebound

Gold rose above $3,000 for the first time Friday as President Donald Trump's trade wars boosted demand for safe-haven assets, while stock markets bounced on signs US lawmakers would avert a government shutdown.

Putin, Maduro vow to boost ties in wake of Trump sanctions

The presidents of Russia and Venezuela announced plans to increase energy cooperation on Friday after Washington ordered US oil giant Chevron to pull out of the Caribbean country.

Gold tops $3,000 for first time on Trump tariff threats; stocks rebound

Gold surpassed $3,000 for the first time Friday as US President Donald Trump's trade wars boosted demand for the safe-haven asset, while stock markets bounced on signs US lawmakers would avert a government shutdown.

US govt shutdown in balance after top Democrat avoids fight

The US Senate appeared closer Friday to avoiding an economically damaging government funding shutdown after the Democrats' leader shied away from a major confrontation with President Donald Trump.

Crew launch to ISS paves way for stranded astronauts' homecoming

A pair of stranded astronauts will be one step closer to finally coming home when the next crew launches for the International Space Station on Friday.

UniCredit gets ECB nod on Commerzbank stake, but delays merger decision

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to up its stake in Commerzbank, but warned there were still hurdles ahead before a possible takeover of its German rival.

Sri Lanka adjusts train timings to tackle elephant deaths

Sri Lanka's wildlife and railway authorities announced on Friday a series of low-tech measures, including adjusting timetables to reduce night-time train collisions, following the worst wildlife accident that killed seven elephants.

BMW expects big hit from tariffs after 2024 profits plunge

German automaker BMW warned Friday that it would take a big hit from trade wars between the United States, China and Europe this year, on top of weak Chinese demand, after profits plunged in 2024.

Gold tops $3,000 for first time on Trump tariff threats

Safe-haven gold surpassed $3,000 for the first time Friday, boosted by uncertainty over US President Donald Trump's tariffs, while stock markets gained on hopes US lawmakers will avert a government shutdown.

Syrian Druze cross armistice line for pilgrimage to Israel

Dozens of Syrian Druze clerics crossed the armistice line on the Golan Heights into Israel on Friday for their community's first pilgrimage to a revered shrine since Israel's creation in 1948.

Taiwan tech giant Foxconn's 2024 profit misses forecasts

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

UniCredit gets ECB nod for Commerzbank stake

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

BMW warns on tariffs, China as 2024 profits plunge

German premium carmaker BMW warned Friday of continued challenges in 2025 from trade tensions and weak demand in China after reporting a plunge in profits last year.

Driving ban puts brakes on young women in Turkmenistan

Mekhri feels "a sense of freedom and self-confidence" when she's behind the wheel of a car -- despite being forced to drive illegally because of an unwritten rule preventing women getting a licence.

Most Asian markets rise on hopes for bill to avert US shutdown

Asian investors fought Friday to grind out gains at the end of a painful week for markets as they welcomed signs US lawmakers will avert a government shutdown but remained fearful over Donald Trump's trade war.

Stock markets tumble as Trump targets booze

Global stock markets slid on Thursday, especially on Wall Street, as US President Donald Trump launched a new volley in his trade war, while gold hit a new record high.

Trump tariff threat leaves sour taste for European drinks producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

Georgian designer Demna leaves Balenciaga for Gucci

Georgian designer Demna is leaving Balenciaga after a decade to become artistic director of Gucci, the French parent company of both brands, Kering, said Thursday.

The China Mail - Economy (English)