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SEOUL: South Korean shares hit record highs on Monday (May 11), as chipmakers extended gains amid optimism over artificial intelligence, bolstered by a rally in US peers and upbeat data.The benchmark Kospi rose as much as 5.05 per cent in early trade to an all-time high of 7,876.60 in morning trade. During the session, a trading curb was activated by sharp gains in the index.Samsung Electronics rose more than 5 per cent and SK Hynix gained more than 10 per cent, with both chipmakers hitting record levels.Last week, the Kospi rose 13.6 per cent, the biggest weekly jump since late…

NewsFeedDemonstrators rallied across the Somali capital in support of families displaced by a wave of government-led home demolitions. Opposition figures, who organised the protests, say security forces shot and killed one person while trying to disperse the crowds.Published On 11 May 202611 May 2026Click here to share on social mediashare-nodesSharegoogleAdd Al Jazeera on Googleinfo

The Akamai Technologies logo and lettering can be seen on the headquarters building at the company’s German headquarters in Garching near Munich (Bavaria). Matthias Balk | Picture Alliance | Getty ImagesAkamai’s stock jumped 20% Friday after it announced a $1.8 billion deal with an AI company and posted first-quarter earnings that were in line with estimates.Shares are up 65% over the past 12 months. A “leading frontier model provider” has committed to $1.8 billion over seven years for cloud infrastructure services, Akamai’s CEO Tom Leighton said in the press release Thursday. He did not name the provider. The American cybersecurity…

When President Trump arrives in Beijing aboard Air Force One for a high-stakes summit with President Xi Jinping, the top issue on the Chinese leader’s mind won’t be the global impacts from the Iran war and bottlenecked Strait of Hormuz.Instead, Xi will be focused on Taiwan, the tiny island democracy in the western Pacific Ocean that China claims as its own.Ownership of the island is the top issue in the U.S.-Chinese relationship. The U.S. has maintained a policy of “strategic ambiguity towards” Taiwan for decades, refusing to state whether or not it would intervene militarily if China attacked Taiwan. At…

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The fall may not have been deep, but the landing has been hard.A second trophy-less season for Real Madrid, the most successful La Liga and Champions League club, was confirmed in the worst way possible: a defeat at Barcelona, who, with their win, defended the Spanish title.Recommended Stories list of 4 itemsend of listLos Blancos kept the title race alive by their fingernails as they crawled their way to Catalonia, knowing that doing so could result in the cruellest of heartbreaks for their fans. And so it came to pass.Down by two at half-time at Camp Nou – and it…

NEWYou can now listen to Fox News articles! A political advertisement opposing Los Angeles mayoral candidate Spencer Pratt is drawing attention online as critics argue the messaging could ultimately benefit the former reality TV star instead of hurt his campaign.The ad, which has circulated widely on X in recent days, attacks Spencer Pratt over homelessness, policing and public employee unions while urging voters to reject the Republican candidate.”Republican Spencer Pratt is the last thing Los Angeles needs for mayor,” the speaker in the video says. “Pratt opposes using taxpayer money to build brand new houses for unhoused neighbors, saying it’s…

NEWYou can now listen to Fox News articles! A student was killed, and four others were wounded after gunfire broke out Friday night at a Tennessee park where teens had gathered for a pre-prom photo session, authorities said.Officers responded to the 900 block of Key Corner Street — Webb Banks Passive Park in Brownsville, about 60 miles northeast of Memphis — and found five people suffering from gunshot wounds. All five victims were taken to a local hospital, where one was later pronounced dead, a spokesperson for the Tennessee Bureau of Investigation (TBI) told Fox News Digital.”TBI special agents are…

XRP is trading in the $1.40 range, as on-chain data paints a picture that looks worse than the news headlines are saying. New daily addresses on the XRP Ledger have collapsed by over 80% from 18,000 in December 2024 to just 2,700. Yet institutions are quietly settling tokenized assets on public blockchains in real time. . @Ripple network activity continues slowing down! New wallet creation dropped from 18,000 per day in December 2024 to around 2,700 today. Active $XRP supply also declined sharply during the same period. pic.twitter.com/hkOGsMmUXL— CryptoBusy (@CryptoBusy) May 8, 2026 According to Glassnode data, monthly active supply…

Michael Burry dumped his entire stake in GameStop after the company’s audacious bid for eBay , saying the deal’s heavy leverage shattered the investment case he had been building. “I sold my entire GME position,” Burry said in a Substack post late Monday. “Any which way I sliced it, the Instant Berkshire thesis was never compatible with > 5x Debt/EBITDA, never ok with interest coverage under 4.0x. … As a result, GME is the first sale since I started this Substack.” GameStop made an unsolicited, nonbinding offer to acquire eBay for $125 per share in cash and stock, valuing the…