BUSINESS

One Direction star Liam Payne consumed cocaine, alcohol and a prescription antidepressant before falling to his death from a Buenos Aires hotel balcony last month, Argentine prosecutors said Thursday.

Hungarian Prime Minister Viktor Orban, fresh from celebrating Donald Trump's presidential win, savoured his moment in the spotlight Thursday as he welcomed more than 40 European leaders to Budapest for a summit.

Makoto Uchida, the CEO of Nissan, offered to take a 50 percent pay cut for himself, as his company's shares continued to plummet.

Joerg Kukies, Germany's new finance minister, is a former investment banker who has long been one of Chancellor Olaf Scholz's closest advisers, most recently as a state secretary.

After Donald Trump's re-election, Iran has projected indifference, officially stating it expects no fundamental shift in US policy, especially on sanctions or the Middle East's wars.

Donald Trump's election victory spells immediate doubt for Ukraine in its fight against Russia, with President Joe Biden's administration expected to sprint in its final days to ensure -- insofar as possible -- long-term US support.

Police in Mozambique fired tear gas and deployed dogs to disperse protesters in the capital Maputo Thursday, after the opposition called a demonstration against the contested election results.

The next head of Europe's CERN physics laboratory said Thursday that he favoured moving forward with plans for a giant particle collider far more powerful than the collider that discovered the famous "God particle".

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers.

However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."

In addition to the tariffs on Mexico, the Republican leader has expressed his intention to reverse pro-electric vehicle policies and rescind regulations enforced by the Environmental Protection Agency and the Transportation Department on his first day in office. He also aims to reduce or eliminate tax breaks and other incentives for electric vehicles.

The UK government announced sanctions on Thursday against three private mercenary groups operating in Africa with links to the Kremlin, including Wagner group successor Africa Corps.

The bill -- the result of a compromise between the two houses of French parliament -- had been unanimously approved by the upper house Senate on Tuesday.

Leon Wang, president of AstraZeneca China, "has been detained", a representative of the firm's global media team said in an email to AFP.

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation".

The Chips Act allocates $39 billion in grants, along with billions more in loans and 25% tax credits, to boost U.S. semiconductor manufacturing after much of the production moved to Asia.

CEOs of big tech firms send their well wishes to President-elect Donald Trump.

With shares up 5.5% amid efforts to diversify beyond smartphones, Qualcomm reports outstanding Q4 sales and profitability, powered by Chinese smartphone demand and AI advancements.

Japanese Prime Minister Shigeru Ishiba said Thursday he had agreed with US president-elect Donald Trump in a phone call to strengthen the nations' alliance, after the tycoon's victory sent defence-related shares surging.

Major arms exporter South Korea is not ruling out providing weapons directly to Ukraine, President Yoon Suk Yeol said Thursday, signalling a possible shift in Seoul's stance on the issue.

Chinese President Xi Jinping said Thursday Beijing and Washington must find a way to "get along" in a message to US president-elect Donald Trump, state media reported.

Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the US election.

Israel launched fresh strikes on south Beirut early Thursday, hours after Prime Minister Benjamin Netanyahu and US president-elect Donald Trump spoke about the "Iranian threat".

Asian equities fluctuated Thursday, while the dollar held gains and bitcoin hit a fresh record as markets try to ascertain the consequences of a second Donald Trump presidency after he pledged to cut taxes and ramp up tariffs with an eye on China.

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.

A Hakan Calhanoglu penalty gave Inter Milan a 1-0 victory over Arsenal in the Champions League on Wednesday, while a 93rd-minute winner ensured Atletico Madrid left Paris with all three points.

Australia will move to pass new laws banning children under 16 from social media, Prime Minister Anthony Albanese said Thursday, vowing to crack down on tech giants failing to protect vulnerable users.

Opinion polls underestimated the level of Donald Trump's support for the third US presidential election in a row, predicting a neck-and-neck race with Kamala Harris when in the end the Republican edged the vice president across battleground states.

Joe Biden hoped Kamala Harris would salvage his legacy as the man who saved America from Donald Trump.