Yahoo Finance's Brian Sozzi and Dan Roberts discuss the latest bankruptcy news amid Covid-19: Brooks Brothers files for bankruptcy; AMC is close to a deal for new debt financing to avoid bankruptcy.
Bosnian Serb separatist leader Milorad Dodik will find out on Wednesday whether he faces jail for allegedly defying decisions by an international official overseeing peace in the Balkan country. Dodik, president of Bosnia's autonomous Serb Republic, was indicted in 2023 for signing laws that suspended rulings by the constitutional court and by international peace envoy Christian Schmidt. Dodik, who has close ties with Russia, has rejected the indictment and warned that if the ruling goes against him the Serb Republic will block the work of the central government and withdraw from the state judiciary and joint armed forces.
Sen. Elizabeth Warren is pressing one of Donald Trump's top economic advisory picks to explain his stance on Federal Reserve independence as scrutiny of the central bank intensifies in Washington, D.C.
Freedom declined around the world last year with authoritarians solidifying their grip, but South Asia led a series of bright spots, Freedom House said Wednesday in its annual report."The big picture is that this was another year of the same trajectory of a global decline in freedom but because of all the elections, it was more dynamic than previous years," she said.
For transgender students involved in a very special project at a culinary school in Pakistan, there is more to a class than just learning the art of cooking. Neha Malik used to dance at parties and weddings for a living and was, occasionally, a sex worker. Since January, she has been enrolled in a new course for the trans community at the Culinary & Hotel Institute of Pakistan.
Tens of thousands of Hindu devotees gathered at a revered temple in Nepal's capital on Wednesday to celebrate one of the country's biggest religious festivals. In the Bankali forests near Pashupati, the temple of the Hindu god Shiva, holy men and devotees puffed on cannabis smoke, a practice that is normally illegal but is permitted during the Shivaratri festival.
Indonesia has struck a deal with Apple for the tech giant to invest in the country, local media reported a minister as saying Wednesday, in a move that could end a ban on iPhone 16 sales in Southeast Asia's biggest economy.The MoU allows for the revoking of the iPhone 16 sales ban under certain conditions, according to the reports.
Hong Kong stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China.The Hong Kong market climbed more than three percent and has enjoyed a blockbuster start to the year, rocketing by almost a fifth to hit its highest level since March 2022.
The Cook Islands' prime minister survived a no-confidence vote on Wednesday, blaming "misinformation" from former colonial ruler New Zealand for destabilising his Pacific country.The parliament voted 13-to-9 against the motion of no-confidence in Prime Minister Mark Brown's government, sparked by a partnership deal he signed with China.
Taiwan dispatched forces on Wednesday in response to China's "live-fire" drills off the self-ruled island, Taipei's defence ministry said, condemning the exercises as dangerous.China's defence ministry did not immediately reply to a request for comment from AFP. - Potential flashpoint - Taipei's defence ministry said the live-fire exercises come after China held similar drills off Vietnam and Australia, and "prove that China is the only and biggest threat to peace and stability in the Taiwan Str
Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's finance chief said Wednesday as he unveiled growth plans including an artificial intelligence institute.The finance chief said Wednesday that the government would spend HK$1 billion (US$129 million) to set up a Hong Kong AI Research and Development Institute, in a bid to make the city "an international exchange and co-operation hub for the AI industry".
Days after Israel failed to release hundreds of Palestinian prisoners and detainees in exchange for six hostages held in Gaza, the government has agreed to a new exchange, according to an Israeli source and Hamas, indicating the fragile ceasefire remains in tact for now.
The United Nations has urged the international community to respond to what it called human rights violations by Nicaraguan President Daniel Ortega's government as it seeks to further consolidate power, according to a report published on Wednesday. Ortega, a former leftist rebel who initially came to power in 1979 and returned in 2007, has been extending his control by allowing his presidency to "coordinate" judicial and legislative duties as well as expanding state control over media. The UN report accuses Ortega and his wife, Rosario Murillo, who serves as co-president, of having "transformed the country into an authoritarian state where no independent institutions remain."
Ash Wednesday is the start of Lent for those in the Christian faith. Find out what date Ash Wednesday falls on in 2025, Lent dates and Easter.
The Australian Renewable Energy Agency (ARENA) will provide A$8 million ($5 million) to technology firm Licella for a study on a biorefinery in Queensland to produce sustainable aviation fuel (SAF) for the Brisbane Airport. The project would located at the Isis Central Sugar Mill which will provide the sugar mill waste feedstock, the energy and transport ministries said in a joint statement without providing a production figure or timeline. Australian refiner Viva Energy will also receive A$2.4 million for trials on storing and using SAF at the airport, they added.
China’s military has set up a zone for “live-fire training” about 46 miles (74 kilometers) off the southwestern coast of Taiwan without advance notice, the island’s defense ministry said on Wednesday.
Hamas will return the bodies of four dead Israeli hostages on Thursday in exchange for Israel's release of hundreds of Palestinian prisoners, the group said, just days before the first phase of the ceasefire between the warring parties was to expire. Israel has delayed the release of about 600 Palestinian prisoners since Saturday to protest what it says is the cruel treatment of hostages during their release by Hamas. The militant group has said that the delay is a “serious violation” of their ceasefire and that talks on a second phase aren't possible until the Palestinians are freed.
Pope Francis remained in critical condition and resting Wednesday, as Argentines and Romans alike gathered in the Eternal City to pray for his recovery from double pneumonia. The Vatican’s short morning update said: “The pope had a peaceful night and is resting.” On Tuesday night, the faithful from Francis' homeland gathered in the Argentine church of Rome for a special Mass presided over by Cardinal Baldassarre Reina, the pope’s vicar for Rome.
In Albania's capital, Baba Mondi envisions a Vatican-like state for his Bektashi faith on a tiny scrap of land that would serve as a model for love and tolerance. The practice is part of an overall vision of tolerance and promoting harmony that is central to Bektashi thought, according to Baba Mondi.
Fourteen members of a small Australian Christian sect who deprived an 8-year-old girl of insulin in the belief that God had healed her – or would raise her from the dead – have received lengthy prison sentences for her manslaughter.
The death toll from a Sudanese military plane crash in the city of Omdurman increased to at least 46 people, officials said Wednesday. The Khartoum Media Office said the crash also injured 10 others. The initial death toll of 19 was provided by the health ministry.
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