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Gold soars past $5,500 as Trump sabre rattles over Iran

Gold prices soared to another fresh record above $5,500 Thursday, while oil advanced and stocks fell after Donald Trump ramped up geopolitical tensions with his threatened military strike on Iran.

Samsung logs best-ever profit on AI chip demand

South Korean tech giant Samsung Electronics posted record quarterly profits Thursday, riding massive market demand for the memory chips that power artificial intelligence.

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China's ambassador warns Australia on buyback of key port

China will act to defend its companies' interests if Australia forcibly buys back control of the strategic northern port of Darwin, Beijing's ambassador has warned.

As US tensions churn, new generation of protest singers meet the moment

American singer-songwriters are taking up the protest torch like their forebears Woody Guthrie, Pete Seeger and Joan Baez, releasing tracks featuring searing criticism of Donald Trump and homage to Minneapolis residents killed this month by federal immigration agents.

Venezuelans eye economic revival with hoped-for oil resurgence

Ronald Herrera remembered the prosperity that Puerto Cabello enjoyed decades ago as home to the El Palito refinery -- once a symbol of Venezuela's oil boom.

Samsung Electronics posts record profit on AI demand

South Korean tech giant Samsung Electronics posted record quarterly profits on Thursday, riding strong market demand for its artificial intelligence chips.

Tesla profits tumble on lower EV sales, AI spending surge

Tesla reported a 61-percent drop in fourth-quarter profits on Wednesday due to lower auto sales and increased expenses as CEO Elon Musk ramps up technology investments.

Meta shares jump on strong earnings report

Meta on Wednesday reported quarterly earnings that topped market expectations, as revenue grew along with investments in artificial intelligence.

Anti-immigration protesters force climbdown in Sundance documentary

When immigration officials came to arrest two men targeted for deportation, a community sprang into action to protest what they said was a brutal policy by an inhumane government.

Springsteen releases fiery ode to Minneapolis shooting victims

American rock hero Bruce Springsteen dived into the outrage over the Trump administration's immigration crackdown with a fiery song released Wednesday that pays tribute to two protesters fatally shot by federal agents in Minneapolis.

SpaceX eyes IPO timed to planet alignment and Musk birthday: report

SpaceX is targeting a mid-June initial public offering that would coincide with a rare planetary alignment and founder Elon Musk's birthday, the Financial Times reported on Wednesday, as the billionaire entrepreneur seeks to raise a record $50 billion.

US Fed holds interest rates steady, defying Trump pressure

The US Federal Reserve held interest rates steady Wednesday at its first policy gathering this year, citing robust economic growth, as the central bank resists President Donald Trump's mounting pressure for cuts.

Neil Young gifts music to Greenland residents for stress relief

Veteran rock legend Neil Young has given Greenland residents free access to his catalogue, saying he hoped the gesture offered stress relief to those unsettled by US President Donald Trump's threats.

King Charles III warns world 'going backwards' in climate fight

King Charles III has warned the world is "rapidly going backwards" in curbing climate change and biodiversity loss, in an Amazon Prime documentary getting a Windsor Castle premiere Wednesday.

Rules-based trade with US is 'over': Canada central bank head

The era of rules-based trade with the United States is "over," Canada's central bank governor said Wednesday, echoing a stark warning from the the country's prime minister that President Donald Trump's impact on global trade is permanent.

Holocaust survivor urges German MPs to tackle resurgent antisemitism

Tova Friedman, one of the dwindling band of Holocaust survivors, took to the floor of the German parliament Wednesday to urge lawmakers to get "tougher" on resurgent antisemitism.

UK proposes to let websites refuse Google AI search

Britain's competition watchdog proposed Wednesday that websites be allowed to opt out of having content used by Google's "AI Overviews" feature as it tackles the technology giant's dominance in online search.

Trump says 'time running out' as Iran threatens tough response

President Donald Trump on Wednesday warned time is running out for Iran to come to the table and avoid US military action, provoking Tehran to retort that it would respond to any attack "like never before".

Germany cuts growth forecast as recovery slower than hoped

The German government on Wednesday lowered its 2026 growth forecast to one percent, conceding that efforts to kickstart Europe's beleaguered top economy with vast public spending were moving slower than hoped.

Amazon to cut 16,000 jobs worldwide

US online retail and cloud computing giant Amazon said Wednesday that it would be cutting 16,000 jobs worldwide as part of a restructuring, as it focuses spending on artificial intelligence.

Greenland dispute is 'wake-up call' for Europe: Macron

French President Emmanuel Macron said on Wednesday a standoff with the United States over Greenland was "a strategic wake-up call for all of Europe" as he hosted the leaders of Denmark and the Danish autonomous territory for talks.

Dollar halts descent, gold keeps climbing before Fed update

The dollar enjoyed a respite Wednesday after this week's steep drop as traders awaited the US Federal Reserve's take on interest rates, while gold reached another record high thanks to investors seeking safety amid an uncertain economic outlook.

Sweden plans to ban mobile phones in schools

Sweden plans to ban mobile phones from primary and middle schools in order to ensure that children can focus on learning in the classroom, the government said on Wednesday.

Deutsche Bank offices searched in money laundering probe

German prosecutors and police on Wednesday searched Deutsche Bank's headquarters in Frankfurt and its office in Berlin in an investigation over suspected money laundering offences, officials said.

Trump says 'time running out' as Iran rejects talks amid 'threats'

President Donald Trump on Wednesday warned Iran that time was running out for the Islamic republic to prevent American military intervention as Tehran rejected holding negotiations against a backdrop of threats.

Spain eyes full service on train tragedy line in 10 days

Spain aims to restart within 10 days full service on a key high-speed railway line where a collision between two trains killed 45 people, the transport minister said on Wednesday.

Greenland dispute 'strategic wake-up call for all of Europe,' says Macron

French President Emmanuel Macron said Wednesday a standoff with the United States over Greenland was "a strategic wake-up call for all of Europe", speaking alongside the leaders of Denmark and the Danish autonomous territory.

Dollar rebounds while gold climbs again before Fed update

The dollar recovered slightly on Wednesday as traders awaited the US Federal Reserve's outlook on interest rates, while gold reached another record high as investors seek safety amid an uncertain economic outlook on several fronts.

SKorean chip giant SK hynix posts record operating profit for 2025

South Korean chip giant SK hynix said on Wednesday its operating profit doubled last year to a record high after a surge in global demand for technology powering artificial intelligence.

Dutch tech giant ASML posts bumper profits, cuts jobs

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a significant gain in annual net profit Wednesday but said it would cut hundreds of management jobs to improve internal organisation.

Uganda's Quidditch players with global dreams

Far from the legendary skies above Hogwarts school, a young woman chased a "Golden Snitch" highlighting how the craze for Harry Potter's favourite sport, Quidditch, has taken hold in a remote Ugandan village.

'Hard to survive': Kyiv's elderly shiver after Russian attacks on power and heat

Shivering in her flat after Russian strikes knocked out the heating, 91-year-old Lidia Teleschuk said she couldn't remember a winter this harsh since World War II.

Polish migrants return home to a changed country

Unemployment was soaring and the country was in economic turmoil when Monika Pudlik first left Poland to find a job in Ireland just over two decades ago.

Dutch tech giant ASML posts bumper profits, eyes bright AI future

Dutch tech giant ASML, which sells cutting-edge machines to make semiconductor chips, reported a significant gain in annual net profit Wednesday and predicted a bright future driven by demand for artificial intelligence.

Dubai Telegraph - Economy (English)