BUSINESS

Kenyan President William Ruto's government is set to present its budget to parliament Thursday in the face of widespread anger over a range of proposed tax hikes to shore up depleted public finances.

TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.

The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet, analysts said, even as the eurozone falls into recession.

Four marijuana products are being recalled because of potential salmonella and aspergillus contamination.

A magnitude 6.2 earthquake struck the Philippines on Thursday, the US Geological Survey said, but there were no immediate reports of damage.

Canada has said it is freezing its participation in the Asian Infrastructure Investment Bank, after a former executive alleged that Beijing wields "undue" influence over the multilateral organisation.

Asian markets rose Thursday after the Federal Reserve decided against hiking interest rates and China's central bank cut borrowing costs as officials look to kickstart the struggling economy.

China's central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world's second-largest economy was flagging.

Trevin Brownie's first day as a content moderator for Facebook is etched in his memory, working out of a subcontractor's nondescript office in the Kenyan capital Nairobi.

Major music publishers on Wednesday filed a federal lawsuit accusing Twitter of failing to stop "rampant" copyright infringement on the platform.

The morgue manager at America's prestigious Harvard Medical School allegedly took dead body parts from his workplace without permission and then sold them, US prosecutors said Wednesday.

FIFA on Wednesday announced it had struck a deal with the European Broadcasting Union (EBU) to televise the 2023 Women's World Cup, avoiding a controversial blackout in the 'Big Five' European nations.

Reporters Without Borders on Wednesday demanded that Pakistani prosecutors dismiss accusations against two journalists that could theoretically carry the death penalty, adding to US criticism of a crackdown.

Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers and accelerate rollout of faster 5G connectivity, the pair said Wednesday.

The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts -- from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.

Bosnian police on Wednesday arrested a child who allegedly shot a teacher at an elementary school in the northeastern city of Lukavac, officials and the family of the victim said.

The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition.

Marvel Comics artist John Romita Snr, primarily known for his work on "The Amazing Spider-Man", has died, his son said Tuesday.

An ally of jailed Russian opposition leader Alexei Navalny was sentenced Wednesday to seven and a half years in prison on "extremism" charges as Moscow cracks down on dissent during its military campaign in Ukraine.

The SEC told the court in a Tuesday filing that Coinbase's writ of mandamus "should be denied" and revealed that despite the seven-day deadline, it "has not decided what action to take on Coinbase's rulemaking petition."

A status update from both parties is expected to be filed in the court by Thursday.

The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy.

European Parliament lawmakers will vote Wednesday to kickstart talks to approve the world's first sweeping rules on artificial intelligence systems like ChatGPT, aiming to curb potential harms while nurturing innovation.

More wealthy individuals are predicted to leave China this year as President Xi Jinping's "common prosperity" shows no letup in its crackdown on businessmen.

Two soldiers were killed and a third wounded when a fellow recruit opened fire at a training range in central Japan on Wednesday, the military said.

Mark Stone grabbed a brilliant hat-trick as the Vegas Golden Knights thrashed the Florida Panthers 9-3 on Tuesday to clinch the NHL Stanley Cup for the first time in the franchise's six-year history.

Intissar was only 10 years old when she was forced to undergo genital mutilation, but 30 years later, one clinic is offering help for some of the millions of Egyptian women affected by the still-rampant practice.

Asian investors pushed equities even higher Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.

A US federal judge on Tuesday temporarily blocked Microsoft from completing its $69 billion buyout of gaming giant Activision Blizzard, a court filing showed.