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South Korean founder of failed Terra coin admits he was 'wrong'

South Korean founder of failed Terra coin admits he was 'wrong'

The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators.

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Violent storms hammer France after weeks of drought

Violent storms hammer France after weeks of drought

The French weather service warned Wednesday of flash flooding risks across much of the south, where a historic drought has parched the rugged Mediterranean hills, a day after fierce rainstorms lashed much of the country.

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Indonesia celebrates first independence day at future capital

Indonesia celebrates first independence day at future capital

Indonesia celebrated its first independence day at its future capital in the ancient rainforests of eastern Borneo on Wednesday as the nation plans a move away from slowly sinking, traffic-clogged Jakarta.

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Afghanistan's Olympic flag-bearer makes Australia home

Afghanistan's Olympic flag-bearer makes Australia home

Afghanistan's Olympic flag-bearer Kimia Yousofi has resettled in Australia after fleeing Taliban persecution, Games officials in Sydney said Wednesday, and the sprinter has already set her sights on Paris 2024.

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Markets track Wall St up as traders weigh economic outlook

Markets track Wall St up as traders weigh economic outlook

Markets rose with oil prices on Wednesday following a rally on Wall Street, with Asia given a lift after China's premier called for more measures to boost the struggling economy.

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UN Myanmar envoy begins talks with junta chief

UN Myanmar envoy begins talks with junta chief

The UN's new special envoy for Myanmar began meetings with top junta officials on Wednesday but did not respond to questions about whether she would seek to meet ousted leader Aung San Suu Kyi.

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Women surfers return to daunting Olympic wave at 'End of the Road'

Women surfers return to daunting Olympic wave at 'End of the Road'

Elite women surfers returned to competition at "the world's heaviest wave" in Tahiti on Wednesday, ending a 16-year absence and getting a taste of the daunting challenge at the 2024 Paris Olympics.

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UK inflation jumps to 40-year high

UK inflation jumps to 40-year high

British inflation surged to a new 40-year high in July on rising food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.

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Asian markets track Wall St up as traders weigh economic outlook

Asian markets track Wall St up as traders weigh economic outlook

Markets rose in Asia on Wednesday following a rally on Wall Street and after China's premier called for more measures to boost the struggling economy.

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Forced labour, possible 'enslavement' in China's Xinjiang: UN expert

Forced labour, possible 'enslavement' in China's Xinjiang: UN expert

Minorities have been drafted into forced labour in China's Xinjiang region in sectors such as agriculture and manufacturing, a report by an independent UN expert has concluded, in what it said could amount to "enslavement as a crime against humanity".

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