World News

Britain's new PM eyes delay to crunch budget plan

British Prime Minister Rishi Sunak could postpone an eagerly-awaited budget plan due next week, a senior minister said Wednesday, as the youthful new leader gets down to business after weeks of political turmoil. . As well as mending Britain's wounded finances, Sunak is also pledging to reunite the Conservatives after another bruising leadership contest, mere weeks after Johnson was forced out.

Germany allows smaller Chinese stake in Hamburg port

Germany's coalition government on Wednesday allowed a Chinese firm to take a smaller-than-planned stake in a Hamburg port, after Chancellor Olaf Scholz resisted calls to ban the controversial sale outright.. Scholz, a former Hamburg mayor, had supported the sale and has repeatedly stressed the importance of strong trade ties with China.

Mercedes-Benz to sell off Russian assets to local investor

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said Wednesday, becoming the latest automaker to exit since Moscow sent troops to Ukraine.. "Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor," Avtodom, the ministry said in a Telegram statement.

28 dead in Bangladesh cyclone, millions without power

Bangladesh rescue workers found the bodies of four missing crew of a dredger boat, taking the death toll from Cyclone Sitrang to 28 as millions remained without power, officials said Wednesday.. Fire department divers found the bodies of four crew of a dredger boat that sank during the storm in the Bay of Bengal.

N. Korea nuclear test would meet 'unprecedented' response: US, Japan, S. Korea

The United States, Japan and South Korea warned Wednesday that a North Korean nuclear test would warrant an "unprecedentedly strong response", vowing unity after a blitz of missile launches from the hermit state.. "The three countries agreed on the need for an unprecedentedly strong response if North Korea proceeds with its seventh nuclear test," he told reporters.

Hong Kong arrests two in $446 million money-laundering case

Hong Kong authorities have arrested two men for laundering funds worth HK$3.5 billion ($446 million) by reselling precious metals, one of the city's largest money-laundering cases, officials said Wednesday.. It was a record for money-laundering cases busted by Hong Kong Customs, Li said, although the police have cracked larger cases.

Australia admits cyber defences 'inadequate' as medical hack hits millions

Hackers accessed millions of medical records at one of Australia's largest private health insurers, the company said Wednesday, prompting the government to admit the nation's cyber safeguards were "inadequate".. Medibank on Wednesday also confirmed it was not insured against cyber attacks, estimating the hack could cost the company as much as Au$35 million (US$22 million).

Israel's cost of living crisis becomes election issue

With her tattooed arms bare and her head uncovered, Talia looks somewhat out of place shopping at a Jerusalem discount supermarket that caters to modestly dressed ultra-Orthodox Jews. . - 'Hardly coping' - Israel, with its turbulent politics, heads back to the polls next Tuesday, for the fifth general election in less than four years. 

Britain's Sunak to face opposition in parliament for first time as PM

Rishi Sunak will on Wednesday face off against opposition lawmakers for the first time as British prime minister, in a likely raucous parliamentary session following weeks of political turmoil. . The largely same-look cabinet could hold an inaugural meeting Wednesday before Sunak heads to the House of Commons for his first weekly "Prime Minister's Questions", when he will battle Labour leader Keir Starmer and other opposition lawmakers.