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LONDON — European stocks closed higher on Thursday as investors digested the regional and global economic outlook.The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday’s session, with major bourses and sectors mostly higher following broadly negative moves earlier in the day. It comes after a positive trading session yesterday, with the Stoxx 600 closing almost 1.1% higher and most sectors and major regional bourses in the green.Global markets have been boosted this week by rising expectations that the U.S. Federal Reserve will cut interest rates when it next meets on Dec. 9-10.Traders are pricing in…

A court in Russia on Thursday convicted eight people on terrorism charges over an attack on a bridge linking Russia to Moscow-annexed Crimea that is a key supply route for Kremlin forces in the war with Ukraine.The court sentenced all of the defendants to life in prison.The October 2022 attack on the bridge came when a truck bomb blew up two of its sections and required months of repairs. The blast killed the truck driver and four other people in a car nearby. Moscow decried the attack as an act of terrorism and retaliated by bombarding Ukraine’s civilian infrastructure, targeting…

MOSCOW (AP) — A U.S.-Russian crew of three began a mission to the International Space Station aboard a Russian spacecraft following a succesful launch Thursday.A Soyuz booster rocket lifted off at 2:27 p.m. (9:27 a.m. GMT) from the Russia-leased Baikonur launch facility in Kazakhstan to put the Soyuz MS-28 into orbit. The spacecraft carried NASA astronaut Chris Williams and two Russian crewmates, Sergei Mikaev and Sergei Kud-Sverchkov. They were scheduled to dock at the station about three hours after liftoff.All three are expected to spend about eight months at the orbiting outpost. NASA said this is the first spaceflight for…

As artificial intelligence (AI) surpasses human capability, the societies best positioned to steer superintelligence will not be the most technologically advanced but the most culturally prepared. China, with its Confucian-Daoist substrate, meets this criterion better than most. Scaled up, state-coordinated and informed by a living tradition that values long-term collective flourishing, China, together with Confucian East Asia, is well-placed to drive the development of AI and transform its purpose. The moment when AI surpasses human performance in nearly every cognitive and physical domain, two epochal shifts will occur almost simultaneously. As SpaceX founder Elon Musk predicted recently, compulsory human labour,…

TEHRAN, Iran (AP) — Iran will introduce a new gasoline price tier on Dec. 6, raising the cost of fuel purchased beyond monthly quotas to 50,000 rials (about 4 cents on the Iranian exchange market) per liter, officials said, in a shift that adds a third pricing level to the country’s long-running subsidy system.Under the revised structure, motorists will continue to receive 60 liters per month at the subsidized rate of 15,000 rials. A second tier of 100 liters will remain available for 30,000 rials.Any consumption beyond those limits will now be charged at 50,000 rials — a price that…

BISSAU, Guinea-Bissau (AP) — Soldiers in Guinea-Bissau on Thursday announced a new junta leader for the country, cementing a forceful takeover of power that began after the country’s presidential election.The military high command inaugurated Gen. Horta N’Ta as the head of the military government, which will oversee a one-year transition period, according to declaration announced on state television.N’Ta was the army chief of staff until the coup and a close ally of deposed President Umaro Sissoco Embaló.Embaló’s whereabouts remained unknown Thursday. He told French media Wednesday that he was arrested by soldiers as gunshots rang out near the presidential palace.The…

SYDNEY (AP) — A Sydney taekwondo instructor who murdered a family of three had been consumed by fantasies of Olympic glory and meetings with billionaires, a court heard Thursday.Prosecutors argued Kwang Kyung Yoo, 51, should never be released from prison after pleading guilty to murdering a 7-year-old student and the boy’s parents in February last year.A New South Wales Supreme Court judge will sentence Yoo on Dec. 16.State law prevents child victims of crime from being identified, so his parents also can’t be named.The killer and his three victims were all born in South Korea.Yoo had lied about meeting the…

The 2021-2023 inflation surge saw sudden and persistent increases in prices for consumer goods, housing and assets. Wage inflation also rose, but it lagged behind other inflation measures. When wages finally accelerated, the Fed began hiking rates to cool the economy, consistent with its longstanding view of wage inflation as a precursor to spiraling inflation and the need to suppress it. At first glance, the average weekly wage for the last two decades appears strong, often outpacing general inflation. Data from the Center for American Progress indicate that workers, especially lower-income workers, have seen real gains between the Covid-19 pandemic…

Nov 26, 2025, 09:19 PM ETAnd then there was one. With five games played, Arsenal are the only team in the UEFA Champions League with an unblemished record. The Gunners’ impressive 3-1 win over Bayern Munich on Wednesday saw to that, but what of the other results this week?What can we read into Chelsea’s confident 3-0 win over Barcelona? What does Liverpool’s 4-1 capitulation at the hands of PSV Eindhoven — at Anfield no less — mean for under-fire Reds boss Arne Slot? And what on Earth was Pep Guardiola thinking when he named a second-string squad to face Bayer…

QINGDAO, CHINA – FEBRUARY 05 2025: Workers assemble cars at a car plant of SAIC-GM-Wuling in Qingdao city in east China’s Shandong province Wednesday, Feb. 05, 2025. ZHANG JINGANG | Future Publishing | Getty Images Chinese industrial firms saw their earnings take a hit in October as trade tensions with the U.S. flared that month while broader growth momentum in the economy faltered. Industrial profits dropped 5.5% from a year earlier in October, the biggest decline since June, the National Bureau of Statistics data showed, reversing the double-digit growth seen in August and September. For the first ten months of…