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The Latest Breaking News from International Business Times

French Parliament Approves Bill To Rein In Tourist Rentals

The French parliament on Thursday approved a bill aimed at tightening the regulation of tourist accommodation such as Airbnb to combat the shortage of affordable housing.

International Business Times

Oil Prices Could Sink to $60 Under Trump Presidency, Citi Warns

However, Citi stated that "there is a risk that Trump imposes more sanctions on oil-producing countries like Venezuela and Iran, which could have bullish effects on oil prices."

International Business Times

Pro-Bitcoin Senator Proclaims US Will Establish $BTC Reserve After Trump Win

Sen. Cynthia Lummis, an ally of Donald Trump, reaffirmed that the U.S. will establish a Bitcoin strategic reserve after the GOP frontrunner secured the needed electoral votes for the presidency.

International Business Times

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Automakers Gear Up As New Tariffs, EV Policy Changes Loom Under Trump Administration

In addition to the tariffs on Mexico, the Republican leader has expressed his intention to reverse pro-electric vehicle policies and rescind regulations enforced by the Environmental Protection Agency and the Transportation Department on his first day in office. He also aims to reduce or eliminate tax breaks and other incentives…

International Business Times

UK Sanctions Russia-backed Wagner Group Successor Africa Corps

The UK government announced sanctions on Thursday against three private mercenary groups operating in Africa with links to the Kremlin, including Wagner group successor Africa Corps.

International Business Times

French Lawmakers Back Bill To Tighten Airbnb Regulation

The bill -- the result of a compromise between the two houses of French parliament -- had been unanimously approved by the upper house Senate on Tuesday.

International Business Times

Pharma Giant AstraZeneca Says China Chief Detained

Leon Wang, president of AstraZeneca China, "has been detained", a representative of the firm's global media team said in an email to AFP.

International Business Times

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Nissan Announces 9,000 Job Cuts, Slashes Sales Forecast

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation".

International Business Times

Will $ETH Finally Get Status Clarity Under A Donald Trump Government?

Ethereum, the world's second-largest cryptocurrency by market cap, is pumping amid news of Donald Trump's win, but its legal status remains unclear – will a Trump presidency finally provide the much-awaited clarity?

International Business Times

Banks, Beaches And Boom Times: Four Facts About Mauritius

Mauritius, one of Africa's richest countries and a stable democracy in a sometimes volatile neighbourhood, is holding a legislative election on Sunday.

International Business Times

Mozambique Deploys Soldiers Ahead Of Planned Protests

Soldiers and police were patrolling Mozambique's capital Maputo early Thursday ahead of a planned protest against election results seen by the opposition as fraudulent, AFP reporters said.

International Business Times

TSMC, GlobalFoundries Set To Win Final Chips Act Awards: Report

The Chips Act allocates $39 billion in grants, along with billions more in loans and 25% tax credits, to boost U.S. semiconductor manufacturing after much of the production moved to Asia.

International Business Times

Big Tech CEOs Congratulate President-Elect Donald Trump

CEOs of big tech firms send their well wishes to President-elect Donald Trump.

International Business Times

Qualcomm Q4 Results Top Estimates On Strong Chip Sales To Chinese Firms, Guides Strong Q1

With shares up 5.5% amid efforts to diversify beyond smartphones, Qualcomm reports outstanding Q4 sales and profitability, powered by Chinese smartphone demand and AI advancements.

International Business Times

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International Business Times

Japan PM To Boost Defence Alliance With 'Very Friendly' Trump

Japanese Prime Minister Shigeru Ishiba said Thursday he had agreed with US president-elect Donald Trump in a phone call to strengthen the nations' alliance, after the tycoon's victory sent defence-related shares surging.

International Business Times

Biden To Address Americans After Trump Storms Back

US President Joe Biden will make a painful address to the nation Thursday, vowing a peaceful transfer of power to Donald Trump after his political nemesis scored a crushing election win over Kamala Harris.

International Business Times

South Korea President Says 'Not Ruling Out' Direct Weapons To Ukraine

Major arms exporter South Korea is not ruling out providing weapons directly to Ukraine, President Yoon Suk Yeol said Thursday, signalling a possible shift in Seoul's stance on the issue.

International Business Times

Vindicated: Polymarket Says It Proved 'Wisdom Of Markets' Over Polls After Trump Landslide Win

Polymarket believes it has proved doubters wrong after Donald Trump's victory, given criticisms and doubts that the decentralized prediction platform experienced in the lead-up to the elections.

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International Business Times

Bitcoin Surges Above $76K, Allowing $UNI, $ETH To Outperform $BTC In Election Day Aftermath

Bitcoin has set a new all-time high just a day after passing its previous ATH, and the spike sent other altcoins on an uptrend, giving them space to outperform $BTC amid celebrations for Donald Trump's presidential victory.

International Business Times

US And China Must 'Get Along', Xi Tells Trump

Chinese President Xi Jinping said Thursday Beijing and Washington must find a way to "get along" in a message to US president-elect Donald Trump, state media reported.

International Business Times

Uncertainty Looms For Germany After Scholz Coalition Collapses

Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the US election.

International Business Times

Israel Strikes Lebanon After Discussing 'Iranian Threat' With Trump

Israel launched fresh strikes on south Beirut early Thursday, hours after Prime Minister Benjamin Netanyahu and US president-elect Donald Trump spoke about the "Iranian threat".

International Business Times

Irish Face All Blacks In Rematch Of World Cup Thriller

Ireland meet New Zealand on Friday at Lansdowne Road in a rematch of last year's epic Rugby World Cup quarter-final which dashed Irish dreams of lifting the trophy.

International Business Times

Ethiopia's Famed Honeybees Make Slow Recovery From War

In his stone house perched on a hill in northern Ethiopia, Amanuel Hiluf puts on his protective suit, carefully adjusting the hood and gloves.

International Business Times

Europe Seeks Footing As Trump Storms Back To Power

European leaders converge on Budapest Thursday for two days of high-level talks that will seek to rise to the challenges posed by Donald Trump's return to the White House -- but also risk exposing the continent's fault lines.

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