Mon, 03 Mar 2025

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Business

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North Korean-backed hackers steal $1.5 billion from Dubai crypto firm
US accuses North Korean hackers of crypto theft from Dubai's Bybit

ROME, Italy: U.S. authorities have accused North Korean-backed hackers of stealing US$1.5 billion in cryptocurrency from Dubai-based...

Hong Kong promotes AI to offset 10,000 civil service job cuts
Hong Kong to slash 10,000 civil service jobs, promote AI

HONG KONG: Hong Kong is set to cut 10,000 civil service jobs and freeze public sector salaries as part of a cost-cutting initiative...

Alibaba releases AI model Wan 2.1 to the public
Alibaba makes AI model for video, image generation publicly available

BEIJING, China: Alibaba has made its video- and image-generating AI model, Wan 2.1, publicly available, marking a significant step...

German consumer sentiment drops unexpectedly in March
German consumer sentiment unexpectedly worsens in March, GfK finds

BERLIN, Germany: Consumer sentiment in Germany has taken an unexpected turn for the worse heading into March despite forecasts predicting...

G20 poverty summit struggles as key finance leaders skip meeting
No-shows, aid cuts mar G20 meet on global poverty

CAPE TOWN, South Africa: An international summit on global poverty faced setbacks this week as key finance leaders skipped the G20...

Home Depot sees sales rebound in Q4 after two-year slump
Home Depot snaps same-store sales slump in Q4 with demand improving

ATLANTA, Georgia: After two years of declining same-store sales, Home Depot finally saw a turnaround in the fourth quarter, fueled...

Illinois

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US overdose deaths drop 24% to 87,000 in one year
CDC: US drug overdose deaths drop to lowest levels since June 2020

WASHINGTON, D.C.: Nearly 87,000 Americans died from drug overdoses in the 12 months ending September 2024, a 24 percent drop from the...

Pentagon to cut 5,400 jobs amid Trump’s federal workforce reduction
Pentagon to fire 5,400 workers as Trump downsizing faces backlash

WASHINGTON, D.C.: The Pentagon announced this week that it will cut 5,400 jobs as part of President Donald Trump's plan to shrink the...

US oil tariff may force foreign producers to pay $10 billion annually
Trump's 10% oil tariff may cost foreign producers $10 billion annually

WASHINGTON, D.C.: A proposed 10 percent U.S. tariff on oil imports could deal a US$10 billion annual blow to foreign producers, particularly...

NBA roundup: Donovan Mitchell (41) leads Cavs past Celtics
NBA roundup: Donovan Mitchell (41) leads Cavs past Celtics

(Photo credit: Winslow Townson-Imagn Images) Donovan Mitchell scored 41 points, including 26 in the second half, as the visiting...

Ducks eager to improve playoff odds vs. Blackhawks
Ducks eager to improve playoff odds vs. Blackhawks

(Photo credit: Gary A. Vasquez-Imagn Images) Making a run for their first playoff berth since 2018, the Anaheim Ducks put a five-game...

Spring training roundup: Shohei Ohtani homers in first at-bat
Spring training roundup: Shohei Ohtani homers in first at-bat

(Photo credit: Mitch Stringer-Imagn Images) Shohei Ohtani hit a leadoff homer in his first at-bat of the spring, and the Los Angeles...