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IN THE NEWS

Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

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Germany plans 10-bn-euro inflation relief tax package

Germany plans 10-bn-euro inflation relief tax package

Germany will offer tax relief worth 10 billion euros ($10.2 billion) to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday.

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Heat, drought rekindle huge wildfire in southwest France

Heat, drought rekindle huge wildfire in southwest France

A fire that destroyed thousands of hectares of tinder-dry forest in southwest France has flared again amid a fierce drought and the summer's latest heat wave, officials said Wednesday.

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Australian cricket captain Lanning takes indefinite break

Australian cricket captain Lanning takes indefinite break

Australian women's cricket captain Meg Lanning on Wednesday said that she will take an indefinite break from the game to "spend time focusing on myself".

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Deliveroo says losses grow, to exit Netherlands

Deliveroo says losses grow, to exit Netherlands

Deliveroo, the international delivery food app, announced Wednesday a big increase in losses as investment costs ate into rising revenues, adding it planned to exit its struggling Netherlands market.

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Raymond Briggs: curmudgeonly creator of 'The Snowman'

Raymond Briggs: curmudgeonly creator of 'The Snowman'

British cartoonist and illustrator Raymond Briggs called himself "a miserable old git". Even his publisher said he was "the grumpiest of grumpy old men".

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Raymond Briggs, author of UK Christmas classic 'The Snowman', dies aged 88

Raymond Briggs, author of UK Christmas classic 'The Snowman', dies aged 88

British cartoonist and illustrator Raymond Briggs, whose creation "The Snowman" became a Christmas staple for generations of children, has died aged 88, his publisher Penguin Random House said Wednesday.

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Tense Kenya awaits results of close-fought vote

Tense Kenya awaits results of close-fought vote

Kenyans waited anxiously on Wednesday for the results of the country's presidential election after a largely peaceful poll, with low turnout pointing to growing frustration with the political elite.

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Asian, European markets hit by rate fears ahead of inflation data

Asian, European markets hit by rate fears ahead of inflation data

Equities fell Wednesday, tracking a drop on Wall Street ahead of a crucial US inflation report later in the day, which could have a huge bearing on the Federal Reserve's plans for raising interest rates.

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Pakistan zoo cancels lion auction, plans expansion instead

Pakistan zoo cancels lion auction, plans expansion instead

A Pakistan zoo has called off plans to auction 12 lions from its ever-growing pride to private buyers, saying it would instead create new enclosures for the big cats.

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