PARIS — Shares of Essilor Luxottica, the Paris listed maker of Ray-Ban glasses, rose 14 percent Friday to reach an all time high, adding nearly $20 billion to the company’s market capitalization. The surge came amid investor enthusiasm for the company’s AI powered Ray-Ban Meta smart glasses, developed in collaboration with Meta Platforms. The company … Read more
MOSCOW — Russian President Vladimir V. Putin initiated a phone call with former US President Donald Trump on Thursday, marking their eighth known conversation this year, as tensions over Ukraine remain high. The Kremlin said the call was prompted by Mr. Trump recent diplomatic trip to the Middle East and described the conversation as cordial … Read more
Gold prices surged past $4,300 an ounce on Friday, heading for their largest weekly gain since December 2008, driven by rising geopolitical tensions, expectations of US interest rate cuts, and lingering concerns about regional banking stability. Spot gold rose 0.2% to $4,332.17 per ounce as of 1100 GMT after reaching an intraday record of $4,378.69. … Read more
Ace Frehley, the original lead guitarist of the iconic rock band Kiss, known to millions as “The Spaceman,” died Thursday at his home in Morristown, New Jersey. He was seventy-four. Frehley’s family confirmed in a statement that his death followed a recent fall. “We are heartbroken to announce the passing of our beloved father, brother, … Read more
NEW YORK — New York state regulators have approved a new underground transmission line to supply power to Micron Technology’s proposed $100 billion semiconductor manufacturing complex in Onondaga County, Governor Kathy Hochul announced Thursday. The two mile, 345 kilovolt transmission line will connect the existing Clay substation to the site of Micron’s planned megafab, marking … Read more
GREENBELT, Md. — Former national security adviser John Bolton has been criminally indicted on 18 federal counts related to the alleged mishandling of classified national defense information, a development that deepens the political and legal tensions surrounding several former Trump administration officials. A federal grand jury in Maryland charged Bolton, 76, with eight counts of … Read more
WASHINGTON — Western powers are tightening diplomatic and economic pressure on India and China to scale back purchases of Russian oil, as the United States and the United Kingdom move to further isolate Moscow over its war in Ukraine. US President Donald Trump said Wednesday that India had agreed to stop buying Russian crude, a … Read more
TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co. (TSMC) reported a nearly 40% jump in net profit for the July September quarter, propelled by the surging global demand for artificial intelligence chips and resilient semiconductor sales to major clients including Apple and Nvidia. The company, the world’s largest contract chipmaker, posted a record net profit of … Read more
BEIJING — China’s state media on Thursday published a seven point rebuttal to US criticism over its new rare earth export controls, pushing back against accusations that the measures amount to an economic power play. The exchange marks the latest flashpoint in a widening dispute between Washington and Beijing over critical minerals and trade policy, … Read more
A major YouTube outage disrupted video streaming for millions of users on Wednesday afternoon across the United States and Europe, leaving viewers unable to play content on the world’s largest video-sharing platform. Users attempting to watch videos on desktop browsers encountered the message “An error occurred. Please try again later,” while those using mobile apps … Read more