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South Korea Proposes Fourth Delay of Cryptocurrency Gains Tax to 2029

Finance Minister Lee Hyoung-il announced that South Korea will delay the implementation of its cryptocurrency gains tax from 2027 to 2029.

Kakao Details Spinoff Plan to Monetize AI Through KakaoTalk

Kakao has outlined plans to split into two entities, KakaoAI and KakaoX, aiming to transform its vast messaging platform user base into a profitable AI ecosystem.

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In Rio wasteland, health teams take medical care to homeless

The patients don't have addresses, phone numbers or in many cases even last names. But the addicts and homeless people of this Rio de Janeiro wasteland can count one blessing amid the misery: health care.

'Legacy admissions' under fire at US universities

Should you get a leg up on your university application just because Mom or Dad had studied at that school?

Global stocks mixed as US jobs data fuels hope of rate hike pause

Global stocks diverged Friday, with the latest jobs report in the United States helping to solidify expectations of a pause in US interest rate hikes.

Spain sports court opens Rubiales probe, chief out to 'prove truth'

Spain's sports court agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player as the scandal-hit football chief insisted he would defend himself to "prove the truth".

Kenya unveils plans for nationwide e-bike scheme

Kenya unveiled Friday plans to roll out electric motorbikes across the country under a green transport scheme to reduce carbon emissions and pollution.

Spain sports court opens probe into Rubiales' World Cup kiss

Spain's sports court has agreed to investigate Luis Rubiales for forcibly kissing a Women's World Cup player, paving the way for fresh sanctions against the scandal-hit football boss, the government said Friday.

Stocks get short-lived boost from US jobs data

Stocks got only a modest and short-lived boost Friday despite the latest US jobs report helping solidify expectations of a pause in US interest rate hikes.

African children 'least able to cope' with climate risks: UN

Children in Africa are exceptionally vulnerable to climate change but are "woefully" ignored by those responsible for funding the fight against the crisis, the United Nations said Friday.

Wes Anderson says no one should modify Roald Dahl's work

Director Wes Anderson, who presented his take on a Roald Dahl story at the Venice Film Festival on Friday, came out strongly against moves to alter the author's books for "sensitivity" reasons.

Morocco begins probe after Algeria jet ski killings

Morocco has begun investigating the death of a French-Moroccan after he and another Moroccan tourist on jet skis were shot dead by Algerian coastguards, media reports said on Friday.

US hiring rises unexpectedly but labor market shows signs of cooling

Hiring in the United States logged a surprise jump last month, government data showed on Friday, but unemployment rose to the highest level since early 2022 as the economy shows signs of cooling.

Morocco launches probe into Algeria jet ski killing: report

Morocco has begun an investigation into the death of a French-Moroccan after he and another Moroccan on jet skis were shot dead by Algerian coastguards, media reports said Friday.

Better than AI? The UK police who never forget a face

Artificial intelligence and facial recognition software are seen by some as the future of crime-fighting around the world.

Rented electric scooters vanish from Paris streets

Parisians woke up on Friday to a world without rented electric scooters, loathed as a pedestrian-bothering nuisance by some but mourned by others.

In Argentina, voters toy with ditching pesos for dollars

In inflation-hit Argentina, where rentals, cars, and appliances are increasingly priced in dollars to sidestep the volatile peso, a leading presidential candidate has sparked debate over whether to officially adopt the currency as a remedy to a battered economy.

Filipinos' 'crazy passion' for basketball survives World Cup loss

Teenagers from a crowded Manila slum shoot hoops on a court bearing the shiny logo of the FIBA World Cup, the tournament where the Philippines team disappointed a basketball-mad nation.

US graduates brace for return of student loan repayments

After a three-and-a-half year pandemic-era pause, US federal student loans start accumulating interest again from Friday, with repayments set to cut the monthly take-home pay of millions of Americans by hundreds, and in some cases thousands, of dollars.

Chinese carmakers confront European industry at Munich show

Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race.

Ronaldinho denies crypto scam in Brazil congressional hearing

Retired football great Ronaldinho denied involvement in an alleged cryptocurrency pyramid scheme bearing his name in testimony Thursday before a Brazilian congressional committee.

Michael Mann's 'Ferrari' gets pulses racing in Venice

The race for the Venice Film Festival's Golden Lion stepped up a gear Thursday with a widely praised biopic about sports car impresario Enzo Ferrari starring Adam Driver.

Moody's downgrades China property giant ahead of crucial vote

Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm negotiates with creditors to avoid defaulting on a bond repayment.

UN committee 'raise red flag' over racism in Italian football

The United Nations committee responsible for combating racism "raised a red flag" over Italian football in its latest findings published on Thursday.

US stocks shrug off sticky inflation data, Europe mixed

US stocks advanced Thursday as investors shrugged off sticky inflation data and its impact on future central bank policy on interest rates, but European stocks mostly dipped.

Key US inflation measure ticks up in July

A key US inflation measure used by the Federal Reserve to set interest rates rose in July, due largely to another jump in the cost of services, according to government data published Thursday.

Golden generation Dutch keeper Jongbloed dies aged 82

Former Netherlands goalkeeper Jan Jongbloed, who played in two World Cup finals, has died after a long illness aged 82, according to the Dutch football federation (KNVB) on Thursday.

Rights court agrees to hear French prostitution law appeal

The European rights court said Thursday it would hear an appeal by sex workers against a French anti-prostitution law which they say has shattered their livelihoods and driven them underground.

European stock markets steady, euro down on inflation data

Europe's main stock markets mostly steadied on Thursday as traders focused on European and US inflation data and what it means for future central bank policy on interest rates.

Eurozone inflation stagnates in August

Eurozone inflation remained unchanged in August, official data showed Thursday, leaving the European Central Bank faced with a conundrum over whether to continue hiking interest rates amid fears of a deepening economic downturn.

Social media platform X to offer video, audio calls: Musk

The social media platform X will begin offering video and audio calling, owner Elon Musk announced on Thursday, a step towards turning the former Twitter into an "everything app."

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks to redress its recently-swallowed rival.

Markets mixed ahead of key US inflation report

Equity markets were mixed Thursday as investors struggled to keep up with Wall Street's rally, despite fresh data reinforcing optimism the Federal Reserve could hold off any more interest rate hikes this year, while another weak China reading dragged on the mood.

Microsoft bows to EU competition concerns over Teams

Microsoft will unbundle its Teams communications from its popular Office suite in an attempt to assuage EU antitrust concerns, the company said Thursday.

Dubai Telegraph - Economy (English)