Asian markets drop as trades fret over US inflation, rates outlook

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump’s second presidency looms. A report saying the president-elect was considering declaring a national economic emergency to provide legal cover to impose tariffs...

Miss Teen USA gives up title days after Miss USA resigned

Miss Teen USA has given up her crown, just two days after Miss USA resigned to prioritize her mental health. UmaSofia Srivastava, 17, said she was stepping down from the role because her "personal values no longer fully align with the direction of the organization". Posting on Instagram, she said:...

China anger as American warship USS Halsey sails through Taiwan Strait

A US warship has sailed through the Taiwan Strait - prompting an angry response from China. The US Navy said the USS Halsey conducted a "routine Taiwan Strait transit" on Wednesday, "through waters where high-seas freedoms of navigation and overflight apply in accordance with international law". The guided missile destroyer...

US approves $95bn aid package for Ukraine and Israel

The Senate has passed $95bn in war aid to Ukraine, Israel and Taiwan after months of delays and rows - with Joe Biden set to sign the legislation later. The bill passed the Senate on an overwhelming 79-18 vote late on Tuesday after the House had approved the package on...

Meta shares take $125bn hit as Facebook owner raises spending forecasts

Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current year. Investors sent the stock 10% lower in after-hours trading in New York when Meta's first-quarter results showed further bills were expected to fund...