Federal agents stand near the site where Alex Pretti was fatally shot. REUTERS/Tim Evans |
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- Gold surged to a record high above $5,100 an ounce, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties.
- India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, sources said, in the biggest opening yet of the country's vast market. India and the EU are close to concluding a long-sought free trade agreement. See the key elements of the trade deal here.
- Meta Platforms, TikTok and YouTube will face courtroom scrutiny this week over allegations that their platforms are fueling a youth mental health crisis, as the national debate about kids' screen time enters a new phase.
- Oil prices rose after climbing more than 2% in the previous session, due to production disruptions in major US crude-producing regions.
- LVMH shareholders are seeking clarity on how and to whom Bernard Arnault plans to hand over leadership of the luxury giant, saying the lack of transparency is increasingly becoming a risk.
- Samsung plans to start production of its next-generation high-bandwidth memory chips, or HBM4, next month and supply them to Nvidia, a person familiar with the matter told Reuters.
- The unusual rate check by the New York Federal Reserve that triggered a spike in the stubbornly weak yen has lowered the threshold for intervention, but coordinated Japan-US selling of dollars still looks highly unlikely at this stage.
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Russian strike on Ukraine leaves 1,330 buildings still without heat |
Firefighters work at the site of a Russian drone and missile strike, amid Russia's attack on Ukraine. Handout: State Emergency Service of Ukraine. |
More than 1,300 apartment buildings in the Ukrainian capital Kyiv were still without heating following a Russian missile and drone attack earlier this week, Kyiv Mayor Vitalii Klitschko said. Russia has sharply intensified bombardments of Ukraine's energy system since it invaded its neighbor in 2022. Russia launched a vast attack on Ukraine's energy system over the weekend, rocking Kyiv with explosions overnight and leaving 1.2 million properties without power nationwide during sub-zero winter temperatures. |
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Crying horse plush toys sit on display ahead of the Chinese Lunar New Year. REUTERS/Nicoco Chan |
Customers are searching for an unlikely bestseller ahead of the Lunar New Year — a red plush horse with a downturned mouth. The toy has gone viral on social media after a manufacturing mistake turned what was meant to be a happy-faced Lunar New Year decoration's smile into a frown. |
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