Author: Admin

Asian Markets Edge Higher as Fed Rate-Cut Expectations Build; Yen Stays in Intervention Spotlight SINGAPORE, Nov 27 (Foxton News) – Asian equity markets advanced on Thursday, supported by increasing confidence that the U.S. Federal Reserve could move toward its first interest-rate cut as early as next month. At the same time, the Japanese yen remained firmly on traders’ radars as speculation of imminent intervention intensified, amid uncertainty over whether the Bank of Japan (BOJ) might deliver a rate hike before the close of the year. With much of the global financial system winding down for the U.S. Thanksgiving holiday, market…

France’s Top Court Confirms Sarkozy’s Conviction in 2012 Campaign Finance Scandal PARIS, Nov. 26 (Foxton News) — France’s highest judicial authority reaffirmed on Wednesday the conviction of former President Nicolas Sarkozy for violating campaign finance laws during his unsuccessful 2012 re-election effort. The ruling marks another significant legal setback for the 70-year-old conservative leader, arriving just weeks after he spent nearly a month in jail in an unrelated corruption case. The decision by the Cour de Cassation — the final court of appeal for criminal matters in France — brings to a close Sarkozy’s latest attempt to overturn the judgments…

Trump Wins Dismissal as Judge Tosses Georgia 2020 Election Interference Case WASHINGTON, Nov. 26 (Foxton News) — A Georgia judge on Wednesday dismissed the criminal charges that had been brought against U.S. President Donald Trump and several of his political allies over allegations that they attempted to reverse the Republican leader’s 2020 election loss in the state. The decision, detailed in newly released court documents, abruptly ends one of the most closely watched legal battles arising from the tumultuous aftermath of the 2020 presidential contest. The ruling represents a dramatic development in what had been one of the most expansive…

Questions are mounting about Donald Trump’s plan to impose specific conditions on Ukraine, with critics calling his peace initiative a “Russian wish list.” Russia has confirmed that Trump’s special envoy, Steve Witkoff, will travel to Moscow next week as part of renewed efforts to find common ground on ending the nearly four-year war between Russia and Ukraine. For now, however, talks remain limited to phone conversations, according to Yuri Ushakov, President Vladimir Putin’s foreign policy adviser. What Russia is saying about the peace process Kremlin officials say they have not yet received a formal US peace proposal, even though representatives…

At Least 14 Dead After Fire Engulfs Hong Kong High-Rise Complex At least 14 people have died after a fire broke out across three blocks of a high-rise housing complex in Hong Kong on Wednesday. Police reported receiving multiple calls from residents trapped inside the Wang Fuk Court complex, located in the northern Tai Po district. Firefighters are working to contain the intense blaze amid thick plumes of smoke. Live footage from the scene showed crews using water jets from ladder trucks to douse the flames. At least one firefighter is among the reported fatalities. Wang Fuk Court is a…

Russia Conducts Major Nuclear Drills Following Delay in Putin-Trump Summit MOSCOW, Oct 22 – Russia announced on Wednesday that it had carried out a large-scale nuclear weapons training exercise, just one day after the United States postponed a planned second summit between Russian President Vladimir Putin and former U.S. President Donald Trump. The exercise, overseen directly by President Putin, involved simulated launches of intercontinental ballistic missiles (ICBMs), submarine-launched ballistic missiles, and strategic bombers—key components of Russia’s nuclear triad. These drills are seen as part of Moscow’s ongoing efforts to demonstrate its strategic capabilities, particularly amid heightened tensions linked to the…

KAMPALA, Oct 22 – Authorities in Uganda announced on Wednesday that the death toll from a catastrophic road accident on one of the country’s busiest highways has been revised downward to 46 people. Earlier in the day, the Uganda Police Force (UPF) had reported that 63 people had lost their lives. The collision took place just after midnight on the major thoroughfare between the capital Kampala and the northern city of Gulu. According to the police, the crash involved two buses, a lorry (truck), and a sport utility vehicle (SUV). The preliminary investigation suggests that both buses were attempting to…

Trump Administration Readies New Global Drug Pricing Probe Under Section 301 Washington, Oct. 22 (Foxton News) – The administration of President Donald Trump is moving ahead with preparations for a new investigation into global prescription-drug pricing practices among the United States’ trading partners, the Financial Times reported on Wednesday, citing sources close to the matter. The probe, if launched, would set the stage for possible fresh tariffs and trade enforcement actions under the authority of Section 301 of the Trade Act of 1974. According to the report, the investigation will examine whether U.S. trading partners are paying significantly less for…

Los Angeles – When the lights shone bright at Crypto.com Arena on the evening of Oct. 21 for the 2025‑26 season opener of the Los Angeles Lakers, the mood outside the arena was nothing short of electric. Fans clad in purple and gold had gathered in force — not just for the usual opening‑night excitement, but buoyed by a palpable sense of optimism that this might be their year. A Fanbase With a Message “It’s always championship or bust here,” declared Yoni Villagran, 22, as he stood among other eager supporters. His sentiment was echoed across social media posts, vendor stalls and pre‑game chatter: the Lakers…

North Korea Fires Ballistic Missiles Ahead of Asia-Pacific Summit in South Korea SEOUL, Oct 22 – In a move likely to raise tensions across East Asia, North Korea fired multiple short-range ballistic missiles on Wednesday, just one week ahead of a major Asia-Pacific summit that will bring together regional and global leaders in South Korea. According to South Korea’s Joint Chiefs of Staff, the missiles were launched from an inland area of North Korea and flew eastward before landing in waters off the Korean Peninsula. While full details are still emerging, initial military assessments indicated that several short-range missiles traveled…