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  • Russians told not to panic over 'gas cloud' in city near plant struck by Ukraine

    The governor of Russia's Astrakhan region told residents not to panic on Wednesday after its main city, close to a huge gas chemical complex that was attacked by Ukrainian drones this week, was enveloped in a cloud of natural gas. Governor Igor Babushkin said the gas that people could smell was the result of work to restart production at the plant near the southern city of Astrakhan, which has a population of about 475,000 people. "Dear citizens, this morning the city was covered by a cloud of natural gas, which has a specific smell that appears after processing," he wrote on Telegram.

  • Melexis forecasts lower sales and margin for 1st half of 2025, shares slump

    Melexis, Belgium's largest semiconductor supplier, on Wednesday forecast lower margin and sales for the first half of 2025, sending its shares to nearly five-year lows, as inventory corrections by automotive clients continue into the new year. Melexis, whose automotive semiconductor business made up 90% of its total sales in 2024, counts Tesla and Chinese carmakers BYD and NIO among its customers. The company expects its operating margin to be around 16% in the first half of the year, down from 26.3% in the same period in 2024.

  • ECB's de Guindos says how low rates go depends on inflation development

    Inflation is approaching the European Central Bank's 2% target, and how much lower the rates will go depends on data confirming inflation is converging towards that target in a sustainable manner, the bank's vice president told Slovak newspaper Hospodarske Noviny. "We are confident that this will happen this year, but there are still a number of uncertainties, particularly surrounding the geopolitical situation, that we need to take into account," Luis de Guindos said in an interview published on Wednesday. De Guindos also said that estimating the threat of U.S. President Donald Trump's economic policies to the ECB's inflation target was more difficult than how they would affect the global economy's growth prospects.

  • Iran says Trump's concern about nuclear weapons can be resolved

    U.S. concerns about Iran developing nuclear weapons are not a complicated issue and can be resolved given Tehran's opposition to weapons of mass destruction, Iran's Foreign Minister Abbas Araqchi said on Wednesday, . On Tuesday, U.S. President Donald Trump restored his "maximum pressure" campaign on Iran, that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.

  • Huawei chairman says 2024 revenue exceeded $118 billion

    Huawei's chairman said on Wednesday that the tech company's annual revenue exceeded 860 billion yuan ($118.27 billion) last year, as it continued to shake off the impact of U.S. sanctions and its consumer business returned to growth. Liang Hua made the remarks at a forum in Guangzhou, according to a report by the Shenzhen Business Daily, which was confirmed by a Huawei spokesperson. Annual revenue of 860 billion yuan would mark 22% year-on-year-growth from 2023, when Huawei reported 704.2 billion yuan in revenue.

  • Wegovy sales double to boost Novo Nordisk's fourth quarter but slower growth predicted

    LONDON/COPENHAGEN (Reuters) -Obesity drug maker Novo Nordisk forecast slower growth this year after Wegovy sales more than doubled in the final quarter of 2024, with analysts and investors describing the results as "good enough" to ease nerves about stiff competition from rival Eli Lilly. The Danish company said it expects sales growth in local currencies to range between 16% and 24% in 2025, less than the 26% growth seen in 2024. Barclays analysts said in a note they were breathing a sigh of relief, describing the results and guidance as "good enough".

  • US Postal Service halts China parcels after Trump tariffs

    Donald Trump has closed a loophole so low value parcels of goods such as clothing will now be taxed.

  • China's markets return from holiday to US trade war, DeepSeek rally

    SHANGHAI/HONG KONG (Reuters) -China's stocks and currency came under pressure as markets returning from a week-long break were greeted by a new trade dispute with the United States and ructions in the global artificial intelligence sector. Tariffs so far have been less than what the Trump administration had initially indicated and relief was evident in Hong Kong, where Chinese stocks rallied this week. Meanwhile, enthusiasm around China's artificial intelligence company DeepSeek bolstered AI stocks.

  • OpenAI's Altman meets with India IT minister to discuss country's AI plans

    Vaishnaw said in a post on X that he had a "super cool discussion" with Altman on India's "strategy of creating the entire AI stack - GPUs, model, and apps" and that OpenAI was willing to collaborate on all three. Altman's India visit, his first since 2023, comes at a time when the company faces legal challenges in the country, its second-largest market by number of users. "Our country sent a mission to the moon at a friction of the cost that many other countries did right, why can't we do a model that will be a fraction of the cost that many others do?" Vaishnaw said in a video of part of the discussion with Altman that he posted.

  • Palestinians fear a repeat of their 1948 mass expulsion in the wake of Trump's remarks on Gaza

    JERUSALEM (AP) — Palestinians will mark this year the 77th anniversary of their mass expulsion from what is now Israel, an event that is at the core of their national struggle.

  • Philippine lawmakers from lower house back move to impeach Vice President Sara Duterte

    MANILA, Philippines (AP) — Philippine Vice President Sara Duterte, whose father is a former president, has been impeached by the House of Representatives after more than the required number of legislators signed a petition to remove her from office, an official said Wednesday.

  • Hill leads Sacred Heart against Rider after 24-point game

    Rider Broncs (8-14, 4-7 MAAC) at Sacred Heart Pioneers (9-12, 5-5 MAAC)

  • Williams and Arizona host Colorado

    Arizona Wildcats (14-9, 5-5 Big 12) at Colorado Buffaloes (15-6, 6-4 Big 12)

  • Boy, 15, charged with murder after teenager stabbed at Sheffield school

    A 15-year-old boy has been charged with murder after a teenager was stabbed to death at a school in Sheffield. Harvey Willgoose, 15, died after being attacked at All Saints Catholic High School on Monday. Police said he suffered "serious injuries" and despite the efforts of medics, died a short time after emergency services arrived.

  • Lafayette and Louisiana host Marshall

    Marshall Thundering Herd (7-15, 2-9 Sun Belt) at Louisiana Ragin' Cajuns (10-11, 5-6 Sun Belt)

  • No. 4 Tennessee hosts Grill and No. 15 Missouri

    Missouri Tigers (17-4, 6-2 SEC) at Tennessee Volunteers (18-4, 5-4 SEC)

  • UAPB visits Jackson State after Boyd's 20-point game

    Arkansas-Pine Bluff Golden Lions (3-16, 1-8 SWAC) at Jackson State Tigers (9-11, 7-2 SWAC)

  • Mincey and UMass-Lowell host Binghamton

    UMass-Lowell River Hawks (15-8, 4-4 America East) at Binghamton Bearcats (11-12, 3-5 America East)

  • No. 5 UConn visits Cooper and No. 19 Tennessee

    UConn Huskies (21-2, 12-0 Big East) at Tennessee Volunteers (16-5, 4-5 SEC)

  • Cincinnati visits Hall and UCF

    Cincinnati Bearcats (12-9, 2-8 Big 12) at UCF Knights (13-8, 4-6 Big 12)