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BEIJING (AP) — The death toll from an explosion at a fireworks plant this week in central China has risen to 37, state media reported Friday. Local authorities said one person remains missing, according to China’s official news agency Xinhua. The blast occurred Monday at a fireworks plant in the city of Changsha in Hunan province. Authorities have said they are still investigating the cause and have ordered the halt […]

May 8 (Reuters) – SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter said. Softbank and bankers have mentioned in discussions targeting an amount as low as $6 billion, the report added. Reuters could not immediately verify the report. (Reporting by Preetika Parashuraman in Bengaluru; Editing by […]

In his first year as pontiff, Pope Leo XIV has sought a pastoral role focused on unity, community and calm leadership in a polarized church and world. Guided by his Augustinian spirituality, Leo has emphasized harmony and healing divisions across the Vatican while shaping his identity as the first American pope. ___ This is a photo gallery curated by AP photo editors. Brought to you by www.srnnews.com

VATICAN CITY (AP) — Unlike Pope Francis, who shook things up early on with a flurry of reforms, appointments and new structures, Pope Leo XIV has sought to find his footing and take a longer view of his pontificate. Leo has made some significant decisions so far, and has several challenges looming. Several upcoming appointments in the U.S. and at the Vatican will give Leo an opportunity to shape the […]

TOKYO (AP) — Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year. Tokyo-based Sony’s net profit for the year through March totaled 1.03 trillion yen ($6.6 billion), down from 1.07 trillion yen in the previous fiscal year. Ending a plan to release an electric vehicle with Japanese automaker Honda Motor […]

By Nika Khutsieva MOSCOW, May 8 (Reuters) – Russian dogwear entrepreneur Natalia Kukovinets has had to switch messaging apps multiple times to stay in touch with customers, one of many web-dependent businesses struggling with the Kremlin’s widening internet crackdown. Restrictions on popular messenger apps such as Telegram, curbs on VPNs, and security-linked mobile internet shutdowns have affected much of Russia this year, but the unpredictable outages pose a particular headache […]

By Leika Kihara and Makiko Yamazaki TOKYO, May 8 (Reuters) – Japan is wagering that a hawkish shift at the Bank of Japan and an endorsement from U.S. Treasury Secretary Scott Bessent can give yen-buying intervention extra bite and help slow the embattled currency’s slide. It is a strategy reliant on a small cast of heavyweights – the BOJ, the Japanese finance ministry and Washington – and aimed less at […]

SEOUL, May 8 (Reuters) – South Korea’s parliamentary speaker Woo Won-shik said on Friday that a bill to amend the constitution to tighten rules on martial law would not proceed to a plenary vote after a filibuster by the opposition conservative People Power Party (PPP). • Six political parties, including the ruling Democratic Party, proposed the bill, which would require the president to seek approval from parliament when declaring martial […]

OMDURMAN, Sudan (AP) — Two years after Sudan ’s war forced him from his land, Omer al-Hassan returned to rebuild his farm. But now a new conflict in the Middle East threatens to push him deeper into financial loss and food insecurity as fuel and fertilizer prices rise. Al-Hassan and other farmers in Sudan are bracing for an expensive planting season in the weeks ahead. Some told The Associated Press […]