North Korea and Russia agree to expand their economic cooperation

SEOUL, South Korea — North Korea and Russia reached a new agreement for expanding economic cooperation following high-level talks in Pyongyang this week, the North’s state media said Thursday, as they continue to align in the face of their confrontations with Washington. North Korea’s official Korean Central News Agency didn’t elaborate on the details of…

Stock market today: Asian shares mostly slip despite Nvidia’s solid earnings report

TOKYO — Asian shares were mostly lower on Thursday after a mixed close on Wall Street, with regional markets shrugging off a strong profit report from Nvidia that was released after U.S. markets closed. Nvidia again topped analysts’ expectations, but technology shares in Tokyo declined due to the company’s lower-than-hoped for profit forecasts. In after-hours…

Archegos founder Bill Hwang sentenced to 18 years in prison

Former Wall Street investor, Sung Kook “Bill” Hwang, has been sentenced to 18 years in prison in a massive fraud case that cost banks billions of dollars. The sentence comes after Hwang was found guilty of fraud and market manipulation in a case linked to the failure of his investment fund Archegos Capital Management in…

Feds outline ‘necessary steps’ for Colorado River agreement by 2026 but no recommendation yet

LAS VEGAS — Federal water officials made public on Wednesday what they called “necessary steps” for seven states and multiple tribes that use Colorado River water and hydropower to meet an August 2026 deadline for deciding how to manage the waterway in the future. “Today we show our collective work,” Bureau of Reclamation Commissioner Camille…

NY coalition proposes first-in-the-nation cap on hospital clinic bills

A broad coalition in New York is backing state legislation that would impose a first-in-the-nation cap on medical bills — aimed at hospitals that own or house outpatient clinics and charge higher rates than private practices. Under the “Fair Pricing Act”, patient billing costs would be capped at 150% of rates set by the federal…

A social media ban for children younger than 16 is introduced in Australia’s Parliament

MELBOURNE, Australia — Australia’s communications minister introduced a world-first law into Parliament on Thursday that would ban children younger than 16 from social media, saying online safety was one of parents’ toughest challenges. Michelle Rowland said TikTok, Facebook, Snapchat, Reddit, X and Instagram were among the platforms that would face fines of up to 50…

Brazil’s Lula welcomes China’s Xi for state visit as ties between countries strengthen

RIO DE JANEIRO — RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva on Wednesday welcomed China’s President Xi Jinping for a state visit at the Alvorada Palace in Brasilia, the latest sign of deepening ties between the two countries that analysts say may accelerate as Donald Trump returns to the White…

L.A. hotel owners warn wage hike would scuttle Olympics room deal

The Los Angeles City Council on Wednesday postponed a vote on a major boost to wages for hotel and airport workers, voicing concerns over whether the pay hike would damage the city’s tourism industry. The council’s decision to push the vote off until Dec. 11 came as hotel owners were threatening to pull out of…

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