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Financial Markets

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North Korean-backed hackers steal $1.5 billion from Dubai crypto firm
US accuses North Korean hackers of crypto theft from Dubai's Bybit

ROME, Italy: U.S. authorities have accused North Korean-backed hackers of stealing US$1.5 billion in cryptocurrency from Dubai-based...

Alibaba releases AI model Wan 2.1 to the public
Alibaba makes AI model for video, image generation publicly available

BEIJING, China: Alibaba has made its video- and image-generating AI model, Wan 2.1, publicly available, marking a significant step...

German consumer sentiment drops unexpectedly in March
German consumer sentiment unexpectedly worsens in March, GfK finds

BERLIN, Germany: Consumer sentiment in Germany has taken an unexpected turn for the worse heading into March despite forecasts predicting...

G20 poverty summit struggles as key finance leaders skip meeting
No-shows, aid cuts mar G20 meet on global poverty

CAPE TOWN, South Africa: An international summit on global poverty faced setbacks this week as key finance leaders skipped the G20...

U.S. stocks rally despite Trump doubling-down on tariffs
Dow Jones closes up 601 points Friday, Nasdaq Composite 303 points

NEW YORK, New York - U.S. stocks rallied on Friday as economic data showed the U.S. Federal Reserve has likely tamed inflation. The...

Personal Consumption Expenditures price index in January improves slightly
Consumption index confirms U.S. inflation under control

WASHINGTON, DC - The U.S. Federal Reserve seemingly has inflation under control with the latest econbomic data confirming little push...

Technology

Section
Alibaba releases AI model Wan 2.1 to the public
Alibaba makes AI model for video, image generation publicly available

BEIJING, China: Alibaba has made its video- and image-generating AI model, Wan 2.1, publicly available, marking a significant step...

Musk slams Zelensky for rejecting ceasefire
Musk slams Zelensky for rejecting ceasefire

The US-based billionaire has accused the Ukrainian leader of letting men die in trenches instead of seeking a peace deal ...

Cyberattack detected at Polish space agency, minister says
Cyberattack detected at Polish space agency, minister says

Warsaw —  Polish cybersecurity services have detected unauthorized access to the Polish Space Agency's (POLSA) IT infrastructure, Minister...

2 lunar landings in a week for NASA's private moon fleet
2 lunar landings in a week for NASA's private moon fleet

WASHINGTON —  More than 50 years passed between the last Apollo mission and the United States' return to the lunar surface, when the...

China greenlights 13 foreign firms for pilot value-added telecom services
China greenlights 13 foreign firms for pilot value-added telecom services

BEIJING, March 1 (Xinhua) -- In a significant move to open its telecommunication sector further, China has approved 13 foreign-invested...

India is pillar of certainty for Europe in increasingly uncertain world: EU chief Ursula von der Leyen
India is pillar of certainty for Europe in increasingly uncertain world: EU chief Ursula von der Leyen

New Delhi [India], February 28 (ANI): Highlighting the need to bolster cooperation between new Delhi and Brussels in the areas of digital...