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Stock market today: Global shares gain after data show China’s economy stabilizing in August

Published Wed, 26 Feb 2025 13:03:48 GMT

TOKYO (AP) — Global shares were mostly higher Friday after China reported that its slowing economy showed signs of stabilizing in August.France’s CAC 40 gained 1.5% in morning trading to 7,414.96. Germany’s DAX rose 1.1% to 15,980.43. Britain’s FTSE 100 edged up 0.9% to 7,738.95. The future for the Dow industrials was up 0.2%, while that for the S&P 500 added 0.1%. In Asian trading, Hong Kong’s Hang Seng surged 0.8% to 18,182.89, while the Shanghai Composite index was shed 0.3% to 3,117.74. Late Thursday, the People’s Bank of China said it would cut the reserve requirement for banks by 0.25 percentage points as of Friday, “In order to consolidate the foundation for economic recovery and maintain reasonable and sufficient liquidity.”Further boosting sentiment, the government reported Friday that China’s industrial output rose 4.5% in August from a year earlier, up from 3.7% in July. That is seen as a sign the economy may be breaking out of its post-p...

Rubiales arrives at Spanish court to be questioned over his kiss of player at Women’s World Cup

Published Wed, 26 Feb 2025 13:03:48 GMT

MADRID (AP) — Luis Rubiales, the former president of Spain’s soccer federation, has arrived at a court in Madrid to give testimony on Friday to a Spanish judge investigating his kiss of a player at the Women’s World Cup.Judge Francisco de Jorge issued the order earlier this week for Rubiales to answer his questions at Spain’s National Court.Rubiales kissed Spain forward Jenni Hermoso on the lips during the awards ceremony after Spain beat England to win the title on Aug. 20 in Sydney, Australia. He said she had consented to the kiss, but Hermoso has denied that repeatedly.Rubiales did not speak before entering the courthouse with his lawyer.Spanish state prosecutors formally accused Rubiales last week of alleged sexual assault and an act of coercion when, according to Hermoso, he pressured her to speak out in his defense immediately after the scandal erupted.Rubiales announced on Sunday that he was resigning from his post, from which he had already been provisionally suspended by FI...

Asian soccer body cancels long-term broadcast deal ahead of Champions League and Asian Cup

Published Wed, 26 Feb 2025 13:03:48 GMT

KUALA LUMPUR, Malaysia (AP) — A broadcast rights deal signed in 2018 that promised to secure the financial future of Asian soccer for 10 years was terminated Friday.The Asian Football Confederation said its exclusive deal through 2028 with Football Marketing Asia, known as FMA, was canceled “with immediate effect.”The announcement comes only days before players including Cristiano Ronaldo, Neymar and Karim Benzema start the group stage of the Asian Champions League with their Saudi Arabian clubs.The decision also comes two weeks after African soccer’s governing body terminated its long-term broadcast deal with Qatar-based beIN Media Group.Both Asia and Africa will begin staging their marquee men’s tournaments in January — the Asian Cup in Qatar and the African Cup of Nations in Ivory Coast.“The AFC’s decision takes into careful consideration the new challenges and opportunities presented by the rapidly evolving post-pandemic commercial environment,” the Malaysia-based soccer body sa...

Francia le ordena a Apple que retire el iPhone 12 de los estantes por altos niveles de radiación

Published Wed, 26 Feb 2025 13:03:48 GMT

(CNN) — Apple está combatiendo las afirmaciones de Francia de que el iPhone 12 supera los límites europeos de exposición a la radiación después de que los reguladores franceses ordenaron este martes una pausa en las ventas y una reparación de los teléfonos que ya se vendieron a los clientes.La Agencia Nacional de Frecuencias de Francia dijo que “exigió que Apple retire el iPhone 12 del mercado francés, a partir del 12 de septiembre de 2023, ya que las medidas muestran que la tasa de absorción específica excede los límites establecidos”. La agencia dijo que el iPhone 12 no cumple con las regulaciones de la Unión Europea.“Apple debe adoptar inmediatamente todas las medidas necesarias para evitar que el iPhone 12 en la cadena de suministro esté disponible en el mercado”, añadió ANFR.Disputando las afirmaciones de la agencia, Apple dijo que ya le había proporcionado a la agencia múltiples resultados de laboratorio realizados por la compañía y terceros independientes que mostraban ...

ANÁLISIS | Las dos peores debilidades de Biden quedaron al descubierto esta semana

Published Wed, 26 Feb 2025 13:03:48 GMT

(CNN) — Dos grandes amenazas a la reelección del presidente Joe Biden —los problemas legales de su hijo Hunter y la percepción generalizada de que el hombre de 80 años es demasiado mayor para la reelección— le están causando un gran dolor esta semana.Hunter Biden fue acusado formalmente este jueves de cargos federales por posesión de armas en Delaware, acusado de mentir sobre su abuso de drogas en el pasado y de violar una ley de armas cuando compró una pistola en 2018, antes de la campaña presidencial de su padre. Posteriormente, Hallie Biden, la esposa del difunto hermano de Hunter, Beau, abandonó el arma detrás de una tienda de comestibles. Hallie y Hunter estaban teniendo una aventura en ese momento.Los problemas legales de Hunter BidenEse triste y sórdido drama familiar de adicción podría llevar al hijo del presidente a prisión, aunque investigaciones separadas sobre evasión fiscal y negocios en el extranjero aún no han llevado a cargos por parte del fiscal estadounidense...

Germany puts Andreas Rettig in charge of its national soccer teams and youth academy

Published Wed, 26 Feb 2025 13:03:48 GMT

BERLIN (AP) — The German soccer federation has appointed Andreas Rettig as its new sporting director in charge of all its national teams and youth academy.The federation said Friday that Rettig was taking over with immediate effect. It did not say how the appointment would affect Rudi Völler’s position as sporting director of the men’s national team, but Rettig was set to hold a news conference later Friday.Rettig is in effect taking over the position formerly held by Oliver Bierhoff, who agreed to resign as managing director of Germany’s national teams and academy after the men’s team’s first-round exit from the World Cup last year.Völler took over the team on Feb. 1 and acted as interim coach last Tuesday when Germany defeated France 2-1 in a friendly. The federation fired Hansi Flick as coach on Sunday following the team’s 4-1 loss to Japan the day before.Rettig formerly had managerial roles at Bayer Leverkusen, Freiburg, Cologne, Augsburg and St. Pauli. He was managing director ...

Investigation underway following fatal shooting during video shoot in Oakland Park

Published Wed, 26 Feb 2025 13:03:48 GMT

The Broward Sheriff’s Office (BSO) is investigating the scene of a shooting in Oakland Park that left one person dead and another injured. The incident occurred at approximately 7:54 p.m. on Tuesday, in the 3100 block of West Oakland Park Boulevard during a video shoot, BSO officials said. When deputies arrived, they discovered two individuals with apparent gunshot wounds. One of the victims was pronounced dead at the scene, while the other was transported to a nearby hospital for urgent medical attention. Rapper Sexxy Red, who was conducting the video shoot in a parking lot, said the shooting happened across the street from the videotaping at a gas station. He also posted on Instagram saying that the shooting was not related to his video. “My secure and thanks to my production team getting all the paperwork right and working with the [BSO] to hire off duty’s to make sure everyone was safe,” read a statement posted on Sexxy Red’s Instagram story. “...

Daily Downpours Return to the Forecast

Published Wed, 26 Feb 2025 13:03:48 GMT

A change in our weather pattern is upon us just in time for the weekend, unfortunately, as a series of fronts begin to reach Florida, trapping plenty of moisture across the region.It’s been a hot but relatively dry week for September standards, but storms will be in store once again starting today and this active weather pattern will last into much of next week, too.This Friday, expect morning sunshine followed by afternoon scattered storms. It could get active at times after 1PM with areas of heavy rain in spots. Conditions should then improve after sunset. Before any rain moves in, highs will be in the low 90s across the mainland and mid 90s in the Keys.Then for this weekend, Saturday and Sunday will be fairly similar with a mix of sun and clouds to begin the day, then a round or two or rain and thunderstorms will become likely in the afternoon. It won’t be a washout but there’s a good chance you see rain at some point over the course of the weekend. Highs will r...

Power crews preparing for outages as Hurricane Lee churns northward

Published Wed, 26 Feb 2025 13:03:48 GMT

Utility companies are preparing for the possibility of widespread power outages across southeastern Massachusetts as Hurricane Lee continues to make its way northward toward New England.Also preparing for the storm is the Steamship Authority, which is warning riders disruptions may begin as early as this evening for people headed out to Nantucket.Eversource crews were fanning out across southeastern Massachusetts on Thursday, noting that communities on Cape Cod, and areas including Plymouth and Marshfield are among the areas that may see tree damage as Lee delivers a glancing blow as it moves by.About 200 Eversource crews were brought in to clear branches from power lines in Barnstable before the storm arrives, officials said.Officials are warning residents to never touch live power lines and to call for help immediately if they see one.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Workers are on strike at all 3 Detroit auto makers for the first time in their union’s history

Published Wed, 26 Feb 2025 13:03:48 GMT

DETROIT (AP) — About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay.Members of the United Auto Workers union began picketing at a General Motors assembly plant in Wentzville, Missouri; a Ford factory in Wayne, Michigan, near Detroit; and a Stellantis Jeep plant in Toledo, Ohio.It was the first time in the union’s 88-year history that it walked out on all three companies simultaneously as four-year contracts expired at 11:59 p.m. Thursday.The strikes will likely chart the future of the union and of America’s homegrown auto industry at a time when U.S. labor is flexing its might and the companies face a historic transition from building internal combustion automobiles to making electric vehicles.If they last a long time, dealers could run short of vehicles and prices could rise, impacting a U.S. econom...