Asian markets rise as US rate cut bets temper Japan bond unease

Stocks rose Tuesday following the previous day’s stutter as more weak US data helped solidify US interest rate cut optimism and tempered nervousness over rising Japanese bond yields. Expectations the Federal Reserve will lower borrowing costs has provided a boon to markets in the past few weeks and saw them...

Apple AI chief leaving as iPhone maker plays catch-up

Apple on Monday said the head of its artificial intelligence team is stepping down, and the effort is to be led by a veteran engineer from Google and Microsoft. The plan for Apple senior vice president of Machine Learning and AI Strategy John Giannandrea to retire early next year comes...

Prada completes acquisition of flashy rival Versace

Italian fashion group Prada announced on Tuesday it had completed its acquisition of smaller rival Versace, announced earlier this year for 1.25 billion euros (now $1.45 billion). Prada Group said in a statement that the deal with Capri Holdings, the US group which owned Versace, had “received all required regulatory...

Portal connecting Dublin and New York ‘reawakens’ under new restrictions after ‘inappropriate behavior’

A portal which links people in Dublin and New York via a live stream has been reactivated after "mooning" and other inappropriate behavior was reported. The artwork had been temporarily shut due to "inappropriate behavior" which included people flashing body parts to the camera, swearing and displaying images of 9/11....

Biden says Israel’s action in Gaza ‘not genocide’ after arrest warrant request for Netanyahu

Joe Biden has said "what is happening in Gaza is not genocide" following an arrest warrant request by the International Criminal Court prosecutor for Israeli Prime Minister Benjamin Netanyahu. The US president branded the warrant request as "outrageous," adding "whatever this prosecutor might imply, there is no equivalence - none...

President Biden Appoints Leopoldo Martínez as Senior Advisor to the U.S. Department of Commerce

Venezuelan-American Leopoldo Martínez Nucete has been appointed by President Biden as Senior Advisor to the U.S. Department of Commerce, with responsibilities in leading the Minority Business Development Agency (MBDA). With this appointment, Martínez Nucete, who was a prominent opposition congressman against Hugo Chávez in Venezuela two decades ago, became the...