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Tunisia sentences prominent opponent Noureddine Bhiri to 10 years in prison

TUNIS (Reuters) – Tunisian court sentenced on Friday the prominent official in Ennahda opposition party Noureddine Bhiri to 10 years in prison, on charges of attacking state security and inciting Tunisians against each other, a lawyer told Reuters. Bhiri’s lawyer Monia Bouali, said‮ ‬the trial “was marred by many legal violations due to a Facebook …

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US dollar rally pauses, but uptrend intact; set for 3rd weekly gain

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar fell on Friday, taking a breather after five straight days of gains, as risk appetite increased following yet another round of stimulus measures from China that bolstered global equities led by Chinese stocks. Investors cheered the Chinese government’s launch of two funding schemes to help boost …

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Meta must face Massachusetts social media addiction lawsuit

By Nate Raymond BOSTON (Reuters) -Meta Platforms must face a lawsuit by Massachusetts alleging the social media company purposely deployed features on its Instagram platform to addict young users and deceived the public about the dangers it posed to the mental health of teenagers, a judge ruled. Suffolk County Superior Court Judge Peter Krupp in …

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Fed’s Bostic sees no need to rush on rate cuts

By Ann Saphir (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic on Friday made the case for patient reductions in the central bank’s policy rate to somewhere between 3% and 3.5% by the end of next year, a pace that would get inflation down to its 2% target by then and keep the U.S. economy …

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AI cloud firm Nebius predicts sharp growth as Nasdaq return nears

By Alexander Marrow (Reuters) -AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension. Trading was suspended soon after Russia’s February 2022 invasion of Ukraine, when the …

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US State Department approves sale of tactical missiles to Japan for $360 million

WASHINGTON (Reuters) – The U.S. State Department approved a possible sale to Japan of tactical missiles and related equipment for $360 million, the Pentagon said in a statement on Friday. The principal contractor for the Rolling Airframe Missile Block 2B Tactical Missiles and related equipment will be RTX Corp, the Pentagon added. (Reporting by Kanishka …

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Hong Kong regulators move to speed up company listings

By Selena Li (Reuters) – Hong Kong’s bourse and securities regulator on Friday moved to shorten the approval time for company listings, the latest effort to boost the attractiveness of Hong Kong as a global venue for initial public offerings (IPO). Hong Kong Exchanges and Clearing (HKEX) said it would communicate closely with the Securities …

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Global uncertainties drive gold above unprecedented $2,700/oz milestone

By Anushree Mukherjee and Swati Verma (Reuters) – Gold surged above the historic threshold of $2,700-per-ounce on Friday, powered by escalating tensions in the Middle East, uncertainties around the U.S. elections and relaxed monetary policy expectations that pushed the metal into uncharted territory. Spot gold was up 1% at $2,720.05 per ounce by 02:58 p.m. …

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Trapped by Israeli troops, Sinwar threw stick at drone before death, video shows

By Jonathan Saul and James Mackenzie JERUSALEM (Reuters) -Hamas leader Yahya Sinwar was tracked by an Israeli mini drone as he lay dying in the ruins of a building in southern Gaza and filmed him slumped in a chair covered in dust, according to video released by Israeli authorities on Thursday. As the drone hovered …

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Netanyahu faces pressure to end fighting in Gaza after killing of Sinwar

By James Mackenzie and Jonathan Saul JERUSALEM (Reuters) – The killing of Israel’s most wanted enemy Yahya Sinwar has been hailed as vindication for Prime Minister Benjamin Netanyahu, but in a country weary after a year of war it also raises pressure on him to end the fighting and save the hostages still in Gaza. …

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