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WEF confirms investigation into claims against founder Schwab

The World Economic Forum confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompting his resignation this week.

At night, crime and fear stalk DR Congo's M23-run areas

Every morning the Congolese city of Bukavu, now under the control of the Rwanda-backed M23 movement, counts its dead.

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EU holds auto talks to revive embattled car sector

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.

Plane carrying more than 60 collides with helicopter, crashes in Washington

A US passenger plane carrying 64 people crashed into Washington's chilly Potomac River on Wednesday after colliding mid-air with a military helicopter near Reagan National Airport, prompting a major emergency response and the grounding of all flights.

ECB to look past Trump risk and push on with rate cuts

Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track.

Passenger plane collides with helicopter near Washington airport

A passenger jet from Kansas crashed into Washington's Potomac River after colliding mid-air with a military helicopter near Reagan National Airport, officials said Wednesday, prompting a major emergency response and grounding all flights.

Tesla results miss estimates as company projects 2025 auto volume growth

Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving.

Meta posts big profit, aims to take AI lead

Social media giant Meta on Wednesday reported surging profits and revenue for 2024, announcing ambitious plans to expand its artificial intelligence infrastructure in the year ahead.

Brazil central bank hikes interest rate as Lula's woes mount

Brazil's central bank on Wednesday hiked its key interest rate to 13.25 percent in more bad news for leftist President Luiz Inacio Lula da Silva's government, which is struggling to curb high inflation.

Global stocks mixed as market awaits ECB decision

Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.

Tesla results miss estimates, citing lower vehicle prices

Tesla reported lower than expected profits Wednesday, citing declining vehicle prices as a factor as it projected a return to volume growth in 2025.

US Fed pauses rate cuts, will 'wait and see' on Trump policies

The US Federal Reserve left its key lending rate unchanged Wednesday and adopted a patient "wait and see" approach to Donald Trump's economic policies, in the first decision since his return to the White House.

Rwanda-backed fighters advance into DR Congo after mostly seizing city

Rwanda-backed fighters advanced on a second front in their lightning offensive across eastern DR Congo on Wednesday after seizing control of most of the key city of Goma during heavy fighting with the Congolese military.

US Fed pauses rate cuts, resisting Trump pressure

The US Federal Reserve left its key lending rate unchanged Wednesday, resisting pressure from President Donald Trump to continue with cuts in the first rate decision since his return to office.

Germany's far-right 'firewall' crumbles as migration debate flares

Weeks before Germany's elections, a heated immigration debate inflamed by a deadly knife attack sparked a political earthquake Wednesday when conservative parties for the first time cooperated with the far-right AfD.

With China's DeepSeek, US tech fears red threat

The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late.

Immigration 'flooding' remark row piles pressure on French PM

Prime Minister Francois Bayrou was at risk on Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.

Frenchman on trial for killing ex-partner after years of alleged abuse

A Frenchman went on trial Wednesday accused of stabbing to death his former partner, who had filed repeated complaints with authorities over years of abuse and warned that she could end up being killed.

Maison Margiela names new director during Paris Haute Couture Week

Belgian designer Glenn Martens was unveiled Wednesday as the successor to John Galliano as creative director of French fashion house Maison Margiela on a busy day of Haute Couture Week in Paris.

German industry sounds alarm as government cuts growth forecast

The German government on Wednesday slashed its growth forecasts for 2025 as industry leaders sent dire warnings over the country's economic health and staged nationwide protests to urge reforms.

Rwanda-backed group controls most of DRC city as mediator urges talks

Rwanda-backed fighters controlled almost all of the DR Congo city of Goma Wednesday where residents were re-emerging after days of deadly fighting and Angola urged leaders of both countries to urgently hold peace talks.

Immigration row piles pressure on French PM after 'flooding' remark

Prime Minister Francois Bayrou was at risk Wednesday of losing the little tacit opposition support he relies on in parliament after suggesting that immigrants were "flooding" France.

'Good news': Dutch chip giant ASML welcomes DeepSeek

The head of Dutch giant ASML, which makes chip-making machines that power the tech industry, Wednesday welcomed the emergence of China's low-cost AI firm DeepSeek and predicted others would disrupt the sector.

Stocks firm after tech rout; dollar steady before Fed rate call

Stock markets mostly rose Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses thanks to easing worries over Chinese artificial intelligence startup DeepSeek.

Tesla to report results for 1st time since Trump elected president

Tesla is set to report earnings Wednesday for the first time since President Donald Trump -- a close ally of CEO Elon Musk -- returned to the White House.

Spanish economy shines in 2024 with 3.2% growth

The Spanish economy expanded 3.2 percent last year thanks to buoyant exports and consumption that have made it one of the fastest-growing developed countries, official data showed on Wednesday.

Shares in Dutch chip giant ASML soar on bullish orders

Shares in Dutch tech giant ASML soared Wednesday despite a dip in annual net profit, as investors cheered better-than-expected orders for its cutting-edge chip-making machines.

Dutch chip giant ASML's net profits dip in 2024

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a drop in annual net profits Wednesday, as geopolitical headwinds and the emergence of Chinese AI start-up DeepSeek disrupt the sector.

Sony names new CEO in management reshuffle

Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganisation.

UK eyes third Heathrow runway in growth takeoff bid

Britain's finance minister Rachel Reeves is on Wednesday expected to announce controversial plans for a third runway at London's Heathrow airport as the Labour government seeks to kickstart economic growth.

Japan #MeToo survivor says media are failing in wake of Fuji TV scandal

Japanese media are still failing to report sexual assault cases properly, a key figure in the country's nascent #MeToo movement told AFP in the wake of the scandal surrounding celebrity Masahiro Nakai and Fuji TV.

SpaceX mission to return US astronauts to happen 'soon': Trump

US President Donald Trump said Tuesday that Elon Musk's company SpaceX will "soon" begin a mission to repatriate two American astronauts who have been stranded for months on the International Space Station.

Who might buy TikTok in the US?

As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running.

Fire-hardened house offers lessons on rebuilding Los Angeles

The house that Michael Kovac built is the only one on his street still standing after a huge fire raced through his Los Angeles neighborhood.

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