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Financial Markets

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US pending home sales in January hit record low amid high rates
US pending home sales tumble to record low in January

WASHINGTON, D.C.: Contracts to buy previously owned homes in the U.S. fell to a record low in January due to high mortgage rates and...

Citigroup mistakenly credits $81 trillion to customer instead of $280
Citigroup mistakenly credits customer with $81 trillion in 'near miss'

NEW YORK CITY, New York: A routine banking transaction at Citigroup last April turned into a major blunder when the bank mistakenly...

Looming tariffs on trade torpedo U.S. stock markets
Dow Jones sinks 650 points as trade tariffs loom

NEW YORK, New York - U.S. and Canadian stocks sank Monday, weighed down by President Donald Trump's looming trade tariffs. The introduction...

Nasdaq Composite sinks 497 points as trade tariffs loom
Tariffs torpedo U.S. stocks, Dow Jones tumbles 650 points

NEW YORK, New York - U.S. and Canadian stocks tumbled on Monday, the first trading day of March, with investors spooked by looming...

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...

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...

EUs von der Leyen unveils $840bn rearmament plan
EUs von der Leyen unveils $840bn rearmament plan

The massive defense spending boost is crucial for European security, the head of the bloc has claimed European Commission President...

Xinhua Headlines: China opens "two sessions" with commitment to high-quality development amid challenges
Xinhua Headlines: China opens "two sessions" with commitment to high-quality development amid challenges

* The annual two sessions, a highly anticipated event on China's political calendar, began on Tuesday.* The specifics of pro-growth...

AI and Cybersecurity top the list of emerging governance risks in India: Report
AI and Cybersecurity top the list of emerging governance risks in India: Report

Mumbai (Maharashtra) [India], March 4 (ANI): As Indian enterprises are confronted by an increasingly complex risk management landscape,...

Update: DeepSeek's progress demonstrates inclusiveness of Chinese technology: spokesperson
Update: DeepSeek's progress demonstrates inclusiveness of Chinese technology: spokesperson

BEIJING, March 4 (Xinhua) -- The rise of Chinese tech companies like DeepSeek has shed light on the innovative and inclusive approach...

China uses DeepSeek AI for surveillance and information attacks on US
China uses DeepSeek AI for surveillance and information attacks on US

The United States may become the second country after Australia to ban China’s DeepSeek artificial intelligence on government devices....