Finnish Investigators Discover Suspected Sabotage Trail in Baltic Sea After Estlink 2 Cable Damage
Finnish authorities uncover a 100-kilometer drag mark believed to be caused by a Russian-linked vessel, amid concerns over sabotage targeting the Estlink 2 electricity cable, disrupting regional energy security.
Dec 30, 2024 2:45 PM EST
South Korea Launches Emergency Inspections After Deadly Jeju Air Crash
South Korea orders emergency inspections of all domestic airlines and Boeing 737-800 aircraft following the Jeju Air crash that claimed 179 lives, marking the nation's deadliest aviation disaster.
Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
Putin Issues Rare Apology Following Azerbaijan Airlines Crash
Russian President Vladimir Putin apologized after an Azerbaijan Airlines crash killed 38, likely due to Russian air defenses. The incident strained regional ties, prompting international calls for accountability and aviation safety improvements.
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U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Trump Urges Supreme Court to Delay TikTok Ban, Seeks Political Resolution
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
Dec 28, 2024 2:06 AM EST
CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
South Korea's Political Crisis Deepens as Acting President Han Duck-soo Impeached
South Korea faces deepening political turmoil as Acting President Han Duck-soo is impeached. The crisis has triggered economic instability, protests, and concerns over delayed governance, with critical Constitutional Court rulings still pending.
Dec 27, 2024 9:43 AM EST
World Bank Raises China's Growth Forecasts Amid Persistent Economic Challenges
The World Bank raised China's 2024 growth forecast to 4.9%, citing policy easing and exports. However, challenges like the property crisis and structural issues require urgent reforms for sustainable growth.
Dec 27, 2024 2:00 AM EST
WHO Chief Escapes Unharmed as Israeli Airstrikes Devastate Sana'a Airport
WHO Chief Tedros Ghebreyesus narrowly escaped Israeli airstrikes on Sana'a Airport, disrupting humanitarian efforts in Yemen. The strikes, targeting Houthi positions, escalated regional tensions and worsened Yemen's ongoing crisis.
Dec 27, 2024 1:45 AM EST
Trump's Tariff Plan Sparks Concerns Over Rising Affordable Car Prices
Trump's proposed 10% tariff on foreign imports raises concerns about higher prices for affordable cars, potentially burdening consumers and straining trade relations, while challenging the auto industry's global supply chain.
Dec 26, 2024 1:48 PM EST
Russia Launches Christmas Day Strike on Ukraine's Energy Grid
Russia's Christmas Day missile and drone attack targeted Ukraine's energy infrastructure, causing widespread outages. With over 70 missiles launched, Ukrainian defenses intercepted many, but critical damage highlights escalating humanitarian and regional concerns.
Dec 25, 2024 7:36 AM EST
Azerbaijan Airlines Plane Crash in Kazakhstan Claims Lives
An Azerbaijan Airlines plane crashed near Aktau, Kazakhstan, during foggy conditions, leaving 35 dead and 32 injured. Investigations focus on weather challenges and potential bird strikes as contributing factors.
Dec 25, 2024 7:20 AM EST
U.S. Launches Investigation into Chinese Semiconductors Amid National Security Concerns
The U.S. is investigating Chinese semiconductors for national security risks, potentially imposing tariffs or restrictions. The inquiry focuses on older chips, with implications for industries and ongoing U.S.-China trade tensions.
Dec 24, 2024 9:02 AM EST
UK Economy Faces Stagnation, Raising Alarm Bells for Policymakers
The UK economy stagnated in Q3 2024, with zero growth, high inflation, and reduced consumer spending. Policymakers face mounting pressure to implement measures addressing economic challenges and fostering long-term recovery.
Dec 24, 2024 9:02 AM EST
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