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Asian stocks rally fades as Japan debt sale disappoints
Asian equities wobbled Wednesday as investors struggled to track a Wall Street rally fuelled by forecast-beating US consumer confidence data, with a weak Japanese debt sale adding to worries about rising bond yields. Bonds yields rise and prices fall when demand is weak.
Jeep owner Stellantis names Italian Antonio Filosa as new CEO
Auto giant Stellantis, whose brands include Jeep, Peugeot and Fiat, on Wednesday named company veteran Antonio Filosa as its new chief executive officer as the US-European group navigates US tariffs and slumping North American sales. Filosa, who has previously served as chief executive of the Jeep brand, was promoted to the role of chief operating officer for the Americas region in December.
China not trying to 'replace' US in Colombia: ambassador
China is not seeking to "replace" the United States as the top trading partner of Colombia, Beijing's ambassador to Bogota, whose president has announced a pivot to China, told AFP on Tuesday. "China is coming to offer our collaboration, not to replace anyone, nor seeking to take someone's place," Zhu Jingyang told AFP on the sidelines of a media briefing.
SpaceX set for next Starship launch after fiery failures
SpaceX is set Tuesday for the next test flight of its Starship megarocket -- the linchpin of founder Elon Musk's Mars ambitions -- after the vessel's last two outings ended in fiery explosions.
'No-kids' holiday venue? Think again, says France
The French government is mulling measures to clamp down on adult-only hotels and restaurants, with a top official warning that hospitality venues excluding children in a so-called "no kids" strategy were dividing society.
EU investigates four porn platforms over risks to children
The EU launched an investigation on Tuesday into four pornographic platforms over suspicions they are failing to stop children accessing adult content in breach of the bloc's strict digital content law. Fearful over children's access to adult content, the commission said it would work with national authorities to make sure smaller porn platforms apply the same rules.
'Kisses from Prague': The fall of a Russian ransomware giant
The sudden fall of a ransomware supplier once described as the world's most harmful cybercrime group has raised questions about Moscow's role in its development and the fate of its founder. Lockbit, which the NCA said was "once the world's most harmful cybercrime group", sought to adapt by using different sites.
Ship pulled free after running aground near Norway home
Salvagers on Tuesday pulled a cargo ship, which made world headlines for running aground a stone's throw from a house in Norway, back into the water, the head of the company managing the operation said.
EU approves 150-billion-euro loan scheme to rearm
EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc. The borrowing programme is part of a package of measures including loosening budget rules that Brussels says could potentially unlock 800 billion euros of defence spending.
AFP
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