BUSINESS

Australian police on Wednesday defended their decision to declare a 16-year-old's alleged stabbing of a bishop in a Sydney church a "terrorist" act as community leaders fretted over its impact.

South Korea and Japan shared "serious concerns" on the recent weakness of their currencies against the dollar and agreed to take "appropriate actions" to counter extreme volatility, the finance ministry in Seoul said Wednesday.

Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.

Asian markets fluctuated Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling.

Boeing is expected to face a bruising once-over Wednesday as company critics testify at a US Senate hearing, including an employee who has characterized the top-selling 787 as prone to disaster.

Take-Two Interactive on Tuesday told US regulators it is trimming its workforce by five percent and eliminating some video games in production to cut costs.

Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.

Terrified onlookers crouch behind a wall as lights streak across the night sky in what self-proclaimed digital investigators claimed was footage of Iranian drones over Israel.

The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts.

Israel has vowed to respond to Iran's unprecedented attack and to send troops into Gaza's overcrowded Rafah area in its war against Hamas, but experts say it cannot achieve both goals simultaneously.

Donald Trump's media group said Tuesday it will launch a streaming television platform, but its shares continued to tumble on Wall Street.

Abidjan's soaring Alassane Ouattara bridge lit up at night in the colours of the national flag is Ivory Coast's jewel in the crown after years of investment.

Brussels authorities on Tuesday ordered the shutdown of a controversial gathering of hard-right European politicians, after it was targeted by online protesters and bumped from its first two choices of venue.

Anti-tourism movements are multiplying in Spain, the world's second most visited country, prompting authorities to try and reconcile the interests of locals and the lucrative sector.

The vote at an annual general meeting in Amsterdam is non-binding but will be closely watched after several activist investors called for a vote against the salary. His wage was rejected in 2021.

South Korea on Tuesday marked the 10th anniversary of the country's worst maritime disaster, when hundreds of schoolchildren died after the overloaded Sewol ferry capsized and sank.

Electric vehicle manufacturer Tesla is implementing significant workforce reductions, amounting to over 10% of its global staff, or at least 14,000 roles, amid declining sales and intensified competition in the electric vehicle market.

Deborah Biegaj has been coming to Coachella for about a decade, and long thought little of drinking heavily at the mammoth California desert festival -- it's just what you did.

Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend.

South Korea on Tuesday marked the 10th anniversary of the country's worst-ever maritime disaster, when hundreds of schoolchildren died after the overloaded Sewol ferry capsized and sank.

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity.

Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports.

Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry.

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

Facial hair is a fashion barometer, with different styles coming in and out of faction along with the times.

Pro-Palestinian demonstrators blocked San Francisco's Golden Gate Bridge on Monday, completely halting traffic for hours as part of what appeared to be a coordinated day of action against Israel's war in Gaza.

Procurement has historically been perceived as a bureaucratic process where requests come in and then appear to disappear into a "black hole."

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Hong Kong's securities regulator on Monday granted conditional approval to start the city's first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.