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Eurogroup elects new head as Russian frozen assets debate rages
Finance ministers from Europe's 20-country single currency area are to choose the next Eurogroup chief on Thursday, as the EU weighs a tough decision on using frozen Russian assets to aid Ukraine. Created in 1997, the body coordinates the economic and budgetary policies of the 20 countries of the eurozone, which will soon number 21, as Bulgaria prepares to adopt the single currency on January 1.
Real Madrid make 'sack decision' on Xabi Alonso after Man City defeat
Real Madrid have decided to give Xabi Alonso more time to turn things around at the Bernabeu despite the Champions League defeat to Manchester City.
Taiwan to keep production of 'most advanced' chips at home: deputy FM
Taiwan plans to keep making the "most advanced" chips on home soil and remain "indispensable" to the global semiconductor industry, the deputy foreign minister told AFP, despite intense Chinese military pressure.
Chocolate prices high before Christmas despite cocoa fall
After soaring for nearly two years, cocoa prices dropped sharply in 2025. - Record high prices in 2024 - Cocoa harvests between 2021 and 2024 failed to meet demand, which sent prices soaring.
Asian traders cheer US rate cut but gains tempered by outlook
Most Asian markets rose Thursday as traders welcomed the Federal Reserve's third straight interest rate cut, though the euphoria was tempered by an indication officials could hold off another reduction any time soon. However, traders have lowered their expectations for a string of further cuts in 2026 after the bank's statement used language used in late-2024 to signal a pause in more rate cuts.
AI's $400 bn problem: Are chips getting old too fast?
In pursuit of the AI dream, the tech industry this year has plunked down about $400 billion on specialized chips and data centers, but questions are mounting about the wisdom of such unprecedented levels of investment. Building data centers requires raising significant capital, Luria points out.
Oracle shares dive as revenue misses forecasts
Shares in business computing giant Oracle fell more than 10 percent on Wednesday on word its revenue missed heady expectations, dampening artificial intelligence euphoria in the market. Oracle's cloud and business computing unit accounted for $8 billion of that revenue, an increase of 34 percent from the same quarter in 2024, according to the earnings report.
Jordan Ayew scores stunning Panenka for Leicester vs Bristol City; video goes viral
Jordan Ayew's cheeky Panenka penalty led Leicester City to a gripping 2-2 draw with Bristol City in the Championship, marking his third goal of the season.
Wanlov the Kubolor lands in court for allegedly defrauding another musician
Musician Wanlov the Kubolor pleaded not guilty to fraud charges over a $4,500 unfulfilled music video project, as the court granted him bail and adjourned the case.
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