WORLD NEWS

Rolls-Royce said Thursday it expects profits of over £4 billion ($5.42 billion) this year as the aero engine and power systems maker banks on another year of robust growth.  The aerospace giant is targeting underlying operating profit of between £4 billion and £4.2 billion in 2026, above the midpoint of £3.65 billion as expected by…

South Korea’s central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S. Federal Reserve gears up for more hikes. Jung Yeon-je | Afp | Getty Images Japan’s Nikkei 225 hit another record Thursday fueled by “Takaichi trade,”…

The logo of Puma SE displayed in the window of the flagship store in Berlin, Germany, on Wednesday, March 1, 2023. Puma forecast slower profit growth as new Chief Executive Officer Arne Freundt confronts excess inventory and higher costs for marketing sneakers and apparel. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty…

“Software is already eating AI” and will continue to do so, according to HSBC, with the bank shrugging off recent market fears about the sector being displaced by artificial intelligence. Software stocks plunged earlier this month as widespread concerns that AI could make software-as-a-service, or SaaS, business models obsolete, sparked a sell-off and warnings of…

NEWYou can now listen to Fox News articles! The Chagos Islands deal fell into disarray Wednesday amid conflicting U.K. government messages about whether ratification was paused for talks with the United States over the strategic Indian Ocean military base Diego Garcia. Foreign Office Minister Hamish Falconer had told members of Parliament that ratification of the…

The warning comes as the world’s youngest nation remains among the top displacement crises, with nearly 10 million people in need of humanitarian assistance including returnees fleeing the war in neighbouring Sudan.  IOM requires just over $131 million for operations in South Sudan this year but faces a $29 million funding gap.  ‘An extraordinary burden’  The UN agency and partners are supporting the authorities with piloting government-led solutions under the UN Secretary-General’s Action Agenda on Internal Displacement whose goals include ensuring effective protection and assistance for those who have…

The UN Economic and Social Commission for Western Asia (ESCWA) on Wednesday reported that regional growth is projected to pick up from 2.9 per cent last year to 3.7 per cent in 2026. That compares well with global averages and pre-pandemic growth of around 3.2 per cent. Lowering inflation The UN body noted that this positive outlook…

Briefing the Security Council on Wednesday, Special Representative Valentine Rugwabiza said the 28 December 2025 polls marked “an important milestone in the consolidation of the peace process and State authority.” The combined presidential, legislative, regional and municipal elections – including the first municipal polls since 1988 – represented “the most extensive electoral operations ever undertaken…

The finding comes in a UN-backed report that underscores the need for stronger political commitment and inclusive policies around land rights amid growing focus on climate change, biodiversity protection, gender equality and rural transformation.  Over the past two decades, governments have adopted national and international frameworks on issues such as land policy in Africa and responsible regulation of land, fisheries and forests – resulting in more than 70 countries undertaking efforts towards…

In a new report on the underground global scourge that conservative estimates say generates up to $18 billion in illicit profits annually, the UN Office on Drugs and Crime (UNODC) highlighted that all regions of the world have been drawn in, although little data is available outside Europe.  Globally, legal waste management was worth $1.2 trillion…