BUSINESS

Asian stocks were mixed Tuesday as attention turned to crucial US inflation data that could play a pivotal role in the Federal Reserve's decision-making on interest rates, with investors lowering their expectations for how many cuts it will deliver.

Sam Altman, the CEO of ChatGPT creator OpenAI, has become a billionaire, Forbes said Monday.

Iran's foreign minister again accused the United States Monday of approving a deadly strike blamed on Israel that destroyed Tehran's Damascus consulate last week, after he inaugurated a new consulate in the Syrian capital.

Biden's announcement of up to $6.6 billion to TSMC's Arizona subsidiary signals a significant step toward bolstering domestic semiconductor production.

Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.

A Southwest Airlines flight returned to Denver after an engine cowling fell off during takeoff on Sunday, the Federal Aviation Administration said, the latest in a spate of safety incidents involving Boeing planes.

The leaders of Japan and the Philippines head to Washington this week for a first trilateral summit aimed at boosting defence ties, hot on the heels of four-way military drills in the South China Sea that riled Beijing.

Yellen has repeatedly warned about the risks of China's excess industrial capacity during four days of meetings with officials and business leaders in the southern city of Guangzhou and capital Beijing.

One catalyst behind Wall Street's heighten volatility during the week was higher oil prices, growing Middle East tensions, and more robust economic data from China early in the week.

A former drug-sniffing dog who lost his job for being too friendly has emerged as the unlikely MVP of the Taiwan rescue teams searching for survivors of the island's strongest earthquake in 25 years.

South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday.

The Kapitan Andreevo border post, one of the busiest in Europe, is more than 150 kilometres (90 miles) from the nearest sea, but Bulgarian customs officer Georgi Gospodinov is on the lookout for dinghies.

South Korea put its second domestically made spy satellite into orbit, Seoul's defence ministry said Monday, after it launched from an American space centre on a SpaceX Falcon 9 rocket.

Asian markets fluctuated Monday as traders weighed the chances of the Federal Reserve cutting interest rates this year after a forecast-busting US jobs report dented hopes for a first move in June.

After breaking their Ramadan fast outside a mosque in Malaysia, people throw their leftovers into a machine that converts the food scraps into organic fertiliser for crops.

South Korea will vote Wednesday in key legislative elections that will determine control of the country's parliament -- and whether President Yoon Suk Yeol can advance his socially conservative agenda.

The Frankfurt-based institution has left its key rates unchanged since October 2023, following an unprecedented streak of hikes to tame red-hot inflation.

In an order seen by AFP, Judge Alexandre de Moraes accused the owner of X of "criminal instrumentalization" of the platform.

The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub.

A diamond-covered edition of Truman Capote's seminal novel "Breakfast at Tiffany's" is on sale for $1.5 million to mark the centenary of the author's birth.

China conducted "combat patrols" Sunday in the South China Sea, its army said, the same day the Philippines, the United States, Japan and Australia held their first joint drills in the disputed waters.

Foreign policy, the economy, or Kim Jong Un's nukes might be expected to top the agenda ahead of South Korea's crucial parliamentary election on Wednesday.

Social media influencers have embraced artificial intelligence to spice up their content but they are also facing growing competition from AI-generated Instagramers, TikTokers and YouTubers.

As top brands like Gucci and Prada prepare to report billions in sales this month, luxury fakes on the streets of Naples are also yielding a jaw-dropping cash stream -- for the mafia.

Despite the recent cancellation of a next-generation US nuclear plant, backers of the carbon-free power source remain hopeful new projects will come on line by the end of the decade.

From India and South Korea to Croatia and North Macedonia, fact-checking organizations battling an ever-rising tide of misinformation in a major election year are buffeted by legal threats, harassment and funding shortfalls.

Israel's army said on Saturday its troops recovered the body of a hostage abducted by Palestinian militants during the October 7 attack on southern Israeli communities.

As technology and science advance at breakneck speed, a Swiss group is already looking beyond AI to the next big potential technological disrupters.

The United States, Australia, Japan and the Philippines will hold joint naval and air drills in the disputed South China Sea on Sunday, their defence chiefs said in a statement, as they deepen ties to counter China's growing assertiveness in the region.