Global stocks slide as trillion-dollar tech sell-off deepens, AI fears unsettle many
Dubai: A sharp sell-off in AI-linked technology stocks erased more than $1 trillion in market value this week, spilling beyond Big Tech and dragging down global equities and credit markets in the most severe AI-driven rout since the technology entered the mainstream. Sign up for our daily business »»»
New U.S. envoy to Vietnam will inherit $144B trade standoff - UPI.com
Vietnamese shrimp and several other items from that country are under scrutiny by U.S. regulators seeking to avoid dumping of products at lower prices. File Photo by Duc Thanh/EPA Feb. 5 (UPI) -- Though still awaiting Senate confirmation, Jennifer Wicks McNamara is preparing to land in Hanoi not wi»»»
January 2026 layoffs hit highest mark since start of 2009 - UPI.com
1 of 2 | The transportation industry contributed to the deepest cuts to employment, led by UPS reducing its jobs by 30,000. File Photo by John Sommers II/UPI | License Photo Feb. 5 (UPI) -- January marked the worst start to a year for layoffs since 2009, Challenger, Gray and Christmas' job report s»»»
Bulgaria Faces Another Gray and Rainy Day as February 6 Brings Clouds and Precipitation
On Friday, February 6, persistent low cloud cover will dominate the Danube Plain and the Upper Thracian Lowland. Morning temperatures will range from minus 2 to 0 degrees Celsius in northwestern parts of the country, while southeastern areas will see milder values of 5 to 7 degrees. In Sofia, minim»»»
Arrested military spy suspected of leaking intelligence to ‘US rival superpower’
A member of Greece’s Armed Forces arrested Thursday on suspicion of leaking classified information to “third parties” is believed to have passed intelligence to a foreign superpower considered a major rival of the United States, Kathimerini understands. The suspect reportedly held a “crucial” posit»»»
UAE's 'unbreakable fortress': Why Sheikh Saif says residents, relocating millionaires don't need to worry
Dubai: The UAE has become an “unbreakable fortress” where families, faith, industry, and wealth are absolutely secure, Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, said on Thursday. Addressing the World Governments Summit in Dubai, Sheikh Saif delivere»»»
Four arrested over months of illegal waste-dumping near Thessaloniki
Police in Thessaloniki have arrested four people suspected of illegally dumping waste from a waterpipe-laying project in fields for more than half a year, although the company involved had allegedly been paid millions to dispose of the waste responsibly. A police statement Thursday said the arrests»»»
Iran Seizes 2 Foreign Oil Tankers in Persian Gulf, State Media Says
Iran seized two foreign oil tankers in the Persian Gulf on Thursday, state television reported, claiming the vessels had been smuggling fuel. The report did not provide a nationality of the tankers or say what flag they were flying under. Gen. Heidar Honarian Mojarrad, a regional commander with the»»»
Russia to Hold Dialogue With US on New START If Constructive Answers Given - Kremlin
MOSCOW (Sputnik) - Russia will conduct dialogue with the United States on the New START Treaty if Washington gives constructive answers, Kremlin spokesman Dmitry Peskov said on Thursday. "If there are any constructive answers, of course we will have dialogue," Peskov told Rossiya 1 journalist Pavel»»»
Europe's central bank maintains interest rate with economic growth resilient
The European Central Bank left interest rates unchanged Thursday as the economy in the 21 countries that use the euro chugs past the disruption from U.S. President Donald Trump's tariffs with growth modest, yet resilient. The bank left its benchmark deposit rate at 2%, where it has been since June.»»»
Fire Station unveils three major solo exhibitions during Art Basel Qatar
Three international artists, Chung Seoyoung, Haroon Mirza and Ho Tzu Nyen, opened landmark solo exhibitions in Doha Doha, Qatar: Fire Station announced the opening of three major solo exhibitions by internationally acclaimed artists Chung Seoyoung, Haroon Mirza, and Ho Tzu Nyen. The exhibitions wil»»»
Russia, Ukraine say progess made in peace talks in Abu Dhabi - UPI.com
Amid a consensus on all sides that a second round of Russia-Ukraine-U.S. peace talks was yielding results, U.S. lead negotiator Steve Witkoff announced a prisoner swap deal had been reached. File Photo by Chris Kleponis/UPI | License Photo Feb. 5 (UPI) -- Two days of talks between Russia, Ukraine a»»»
Bitcoin plunges up to 8%, South Korea's Kospi sinks nearly 4% in latest tech-led sell-off
World shares retreated Thursday in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8%. The latest round of jitters over high prices for tech shares sent South Korea's Kospi down nearly 4%. Oil prices sank more than $1 a barrel. Bitcoin was trading near $71,000»»»
Experience-led retail gains ground while consumer spending remains cautious
The consumer sector has been the main driver of the Romanian economy in recent years, supported by exchange rate stability and rising purchasing power, allowing consumers to significantly contribute to economic growth. Last year, however, consumption edged down as high inflation and eroding real in»»»
New START’s End Raises Alarm over Control of Nuclear Arms
The impending expiration of the New START, the last remaining nuclear arms control treaty between the United States and Russia, has heightened fears that decades of fragile restraint are giving way to a more dangerous, unregulated nuclear era. The Strategic Arms Reduction Treaty, known as New START»»»
World Bank chief urges Pakistan to create 30m jobs over next decade to harness youth boom
KARACHI: Pakistan must create up to 30 million jobs over the next decade to turn its rapidly growing youth population into an economic advantage — or risk instability and rising outward migration, a Reuters report said, citing World Bank President Ajay Banga. Speaking during a visit to Pakistan thi»»»
Saharan dust, muddy rain and ruddy skies follow ice and snow – here’s what to expect this week
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Sofia Police and Prosecutors Probe Illegal Filming in Gynaecology Clinics
The Sofia District Prosecutor’s Office has launched an investigation following media reports about videos filmed in a gynaecology exam room in the capital Sofia and distributed on adult websites, the prosecution said on Thursday. A pre-trial investigation has been opened into the dissemination of p»»»
Ex-Environment Minister Calls for Making Public NGO Tipoffs to Authorities to Identify Possible Motives for Petrohan Murders
It would be very useful if all the reports submitted over the years by the National Agency for the Control of Protected Territories (NACPT) association were made public, in order to identify any potential motives for revenge against them, said Borislav Sandov, Minister of Environment and Water in K»»»
Bergerat Monnoyeur Romania: The future of construction is about mixed teams – Man + Machine + AI
The year 2025 was one of adjustment for the construction equipment market, after the record levels reached in 2022–2023 both locally and in Europe. In Romania, approximately 2,540 machines were sold, down 19% from the previous year. In this context, Bergerat Monnoyeur Romania, the leading distribut»»»
Romanian Business Leaders Foundation joins EBRD’s Civil Society Steering Committee
The Romanian Business Leaders Foundation (Romanian Business Leaders – RBL) has announced that its application has been accepted for a two-year mandate, covering 2026–2027, as a member of the Civil Society Steering Committee of the European Bank for Reconstruction and Development (EBRD), alongside c»»»
Bulgaria’s Black Sea Gas Hunt: Han Asparuh Well Comes Up Dry, Next Drill Planned
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy, citing updates from OMV Petrom and NewMed Energy Balkan. The two companies jointly »»»
Media Review: February 5
HEADLINES Thursday’s print editions focus on rising household costs, legislative changes, and budgetary uncertainty. 24 Chasa reports that electricity bills have fuelled public tension, rising by around 30% due to cold weather and the holiday period. The newspaper also highlights proposed tougher p»»»
Sandanski Introduces Green Public Transport
Sandanski is introducing modern and ecological public transport, the municipal administration said on Thursday. A local project for the development and modernization of urban transport envisages the introduction of environment-friendly vehicles and a comprehensive improvement of the transport syste»»»
Allegiance Real Estate named #1 brokerage for Palazzo Tissoli Residences
Allegiance Real Estate has been recognised as the #1 brokerage for Palazzo Tissoli Residences, the first Pininfarina-designed residential development on Al Marjan Island. The waterfront destination has emerged as one of the fastest-growing investment hotspots in the UAE, attracting increasing inter»»»
KUNA Training Center concludes AI Training Program
KUWAIT, Feb 5 (KUNA) -- KUNA Training Center concluded on Thursday its training program on applications of artificial intelligence in news writing and producing media content, which began on February 1, with participation from members of the Islamic World Educational, Scientific and Cultural Organi»»»
Giant phantom jellyfish the length of a double-decker bus spotted off Argentina coast
Dubai: Deep beneath the ocean's surface, something extraordinary appeared. Scientists aboard a research vessel off Argentina's coast encountered one of the ocean's most elusive creatures: the giant phantom jellyfish. The sighting happened during an expedition exploring Argentina's continental shelf»»»
South Korea seeks closer China cooperation on rare earth supply - UPI.com
South Korean Industry Minister Kim Jung-kwan speaks at a meeting with companies in Daegu Thursday to discuss the government's measures to stabilize the rare earth supply chain. Photo courtesy of South Korea Ministry of Trade, Industry and Resources SEOUL, Feb. 5 (UPI) -- South Korea will seek close»»»
Vazrazhdane Warns of Deepening Healthcare Crisis as Pediatric Surgery Ward in Varna Set to Close
The forthcoming closure of the paediatric surgery ward at St Anna Hospital in Varna on March 1 is yet another example of the crisis affecting state and municipal hospitals, Vazrazhdane MP Kosta Stoyanov said on Thursday, reading out a declaration from the parliamentary rostrum on behalf of the part»»»
Meet the Indian teacher who taught on Mumbai slum walls. She just took home $1 million
Dubai: India’s Rouble Nagi, an art and social science teacher from Mumbai, has won the $1-million Global Teacher Prize 2026 at the World Governments Summit in Dubai. The award was presented by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, alongside Sunny Varkey, founder of GEMS Education and t»»»
Durmishi: State committed to tackling informal economy
Skopje, 3 February 2026 (MIA) – Formalizing the informal economy is among the government’s top strategic goals and a key segment of the reform agenda, as it directly impacts economic growth, public finance stability and protection of workers. State Statistical Office data show that in 2024 there we»»»
Maersk says to cut 1,000 jobs as 2025 sales down 2.8%
Copenhagen: Danish shipping giant Maersk said Thursday that it would cut 1,000 corporate positions as it reported lower revenue for 2025 and warned of continued overcapacity in the shipping industry this year. Maersk said that to "maintain strong cost discipline" it was taking steps to "simplify th»»»
China's Xi cautions Trump on Taiwan in phone call - UPI.com
President Donald Trump greets Chinese President Xi Jinping before a bilateral meeting at the Gimhae International Airport terminal, on Thursday, October 30, 2025, in Busan, South Korea. The two leaders held a lengthy phone call on Wednesday in which they discussed a number of topics, including Taiw»»»
Stocks slide as traders reconsider tech bets; gold and silver prices fall
Hong Kong: Stocks mostly fell Thursday to track more losses on Wall Street, where tech firms were again under pressure as fears over vast AI investments and extended valuations gained momentum. While the extreme volatility that greeted the start of the week has calmed, traders remained on edge over»»»
Artemis II is a big deal: First 'Moon swing' mission since 1972 on a new spacecraft, but why is it delayed?
The upcoming Artemis II mission is dubbed a huge leap in human space exploration, building directly on the uncrewed Artemis I success in 2022. Here's why: It proves not only that humans can safely operate these systems far from Earth, but also marks the first time astronauts will venture to the Moo»»»
Defense ministry proposes joint, partial management of DMZ to U.S.: source - UPI.com
Seoul's Defense Ministry has proposed to the United States that South Korea's military jointly manage parts of the southern half of the DMZ, according to a source Thursday. This 2019 photo shows an area of the DMZ Peace Trail in Goseong. File Photo by Thomas Maresca/UPI | License Photo The defense »»»
Romania has to seek this year EC agreement on n-power plant retooling plan
Romania must seek this year an authorisation from the European Commission for a plan to retool Unit 1 of the Cernavoda nuclear power plant and ask for approval for the construction of units 3 and 4, because state aid will be needed for the investments, Chairman of the Trade Competition Council Bogd»»»
PM Ilie Bolojan: Transitional period for gas price,for one year,price for households will be administered
Prime Minister Ilie Bolojan declared on Wednesday that between April 1 this year and the end of March 2027 there will be a transitional period with a natural gas price that will no longer be capped, but will be one administered for household consumers, so that it is stable.Ilie Bolojan explained th»»»
3-2-1 Qatar Olympic and Sports Festival brings movement, family fun
Doha, Qatar: The 3-2-1 Qatar Olympic and Sports Festival returns this February with five days of dynamic sport, fitness, and family-friendly activities, transforming Aspire Zone into a vibrant celebration of movement, wellbeing, and Olympic values. Taking place from February 8 to 12, 2026 at the Ou»»»
On This Day, Feb. 5: Fairbanks, Pickford, Chaplin, Griffith form United Artists - UPI.com
On Feb. 5, 1919, screen legends Charlie Chaplin, Mary Pickford, Douglas Fairbanks and D.W. Griffith formed United Artists. 1 of 6 | On February 5, 1919, screen legends Douglas Fairbanks (L), Mary Pickford (R), Charlie Chaplin and D.W. Griffith formed United Artists. File Photo by Harris & Ewing/Lib»»»
Oil Falls Over $1 on Easing Supply Concerns after US, Iran Agree to Talks
Oil prices fell more than $1 a barrel on Thursday after the US and Iran agreed to hold talks in Oman on Friday, easing concerns that a potential military conflict between them could disrupt supplies from the key Middle East producing region. Brent crude futures fell $1.31, or 1.89%, to $68.15 per b»»»
Syria’s economy minister outlines investment vision based on openness, partnerships
Riyadh, Feb. 5 (SANA) Syrian Economy and Industry Minister Nidal al-Shaar said on Wednesday that Syria is working to shape a new investment environment based on legal certainty, openness and partnership, as part of broader efforts to support economic recovery. Speaking during a panel discussion at »»»
MPs to Debate Proposal to Limit to 20 Bulgarian Polling Stations in Non-EU Member States at Second Reading
Parliament will discuss at second reading amendments to the Election Code to reduce the number of polling stations in non-European Union countries. This is the first item on the agenda of the National Assembly for Thursday’s plenary sitting. The amendments, tabled by the Vazrazhdane party, provide »»»
TMS Ship Finance and Trade Conference 2026: Navigating industry volatility
The TMS Ship Finance and Trade Conference 2026 is set to convene on 9 February 2026 at Grosvenor House, Dubai. This high-level gathering will bring together more than 300 senior decision-makers from across the maritime spectrum, including ship finance, banking, ports, maritime law, and internationa»»»
MPs to Debate Proposal to Limit to 20 Bulgarian Polling Stations in Non-EU States at Second Reading
Parliament will discuss at second reading amendments to the Election Code to reduce the number of polling stations in non-European Union countries. This is the first item on the agenda of the National Assembly for Thursday’s plenary sitting. The amendments, tabled by the Vazrazhdane party, provide »»»
Wife accused of staging hit-and-run in ‘honeymoon murder 2.0’ case
A case that has rapidly attracted nationwide attention involves the death of a man in what police now characterize as a planned hit-and-run incident, allegedly orchestrated by his wife. Local media outlets have referred to the episode as 'honeymoon murder 2.0.' Police and preliminary reports indica»»»
Storms, high winds and dust forecast as weather turns
Heavy rain, thunderstorms and localized hail are forecast across large parts of Greece on Thursday, as a bout of unstable weather that swept in from the west early in the day already caused damage on the Ionian island of Corfu. According to an emergency bulletin from the National Meteorological Ser»»»
Farmers eye February 13 or 14 for big Athens rally
Greek farmers voted to escalate their long-running demonstrations by descending on the capital with tractors and buses on February 13 or 14, following a national meeting in Thessaly, central Greece, on Wednesday. The meeting was the seventh major assembly since the current wave of agricultural unre»»»
White House launches critical minerals trade club
The US has announced plans to create a new critical minerals trade club to curb China’s dominance of supplies. The club includes partnerships with Japan, the EU and Mexico and others, marking a rare push to improve interna»»»
White House launches critical minerals trade club
The US has announced plans to create a new critical minerals trade club to curb China’s dominance of supplies. The club includes partnerships with Japan, the EU and Mexico and others, marking a rare push to improve interna»»»