Malaysia seeks $251 million from Kongsberg after Norway scuttles missile deal

KUALA LUMPUR, Malaysia (AP) – Malaysia’s government said Tuesday that it was seeking $251 million in compensation from Norwegian company Kongsberg Defense & Aerospace AS after Norway abruptly revoked an export permit that scuttled a naval missile defense deal for Malaysia’s combat ships.

US stocks fall further after bond markets crank up the pressure

NEW YORK (AP) - The U.S. stock market gave back more of its record-setting rally. The S&P 500 fell 0.7% Tuesday for its third straight loss since setting its latest all-time high. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 0.8%. The declines followed mixed moves for stock markets abroad, while oil prices eased.

Bodies of 2 Italian divers recovered from deep in Maldives underwater cave

MALE, Maldives (AP) – Divers on Tuesday recovered the bodies of two of the four remaining Italians who died deep inside an underwater cave in an atoll in the Maldives last week, a spokesperson for the Indian Ocean nation said, while describing “very challenging” conditions like poor visibility and strong currents.

Tool or threat? Cannes Film Festival grapples with the rise of AI

CANNES, France (AP) – The Cannes Film Festival can function like a global water cooler for movies, with prevailing issues and anxieties tending to come to the surface at the event. This year, the topic du jour is artificial intelligence.

Strong quake in China kills 2 and triggers evacuation of 7,000

BEIJING (AP) – A 5.2 magnitude earthquake struck south China’s Guangxi region early Monday, killing two people, toppling buildings and triggering the evacuations of thousands, state media reported.

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

OAKLAND, Calif. (AP) – After prevailing in its court fight with Elon Musk, OpenAI – the ChatGPT maker valued at $852 billion – remains on track for what could be one of the largest initial public offerings in history.

Hong Kong court hears final arguments in trial of Tiananmen vigil organizers, hopes for July verdict

HONG KONG (AP) – A Hong Kong court on Tuesday concluded final arguments in a national security trial for two former organizers of the city’s vigils remembering the 1989 Tiananmen Square crackdown.

Top Asia Pacific Breaking News: Latest Updates

MANILA, Philippines (AP) – The Philippine Senate convened as an impeachment court Monday for the trial of Vice President Sara Duterte over criminal charges, in a time of deep divisions that erupted into an exchange of gunfire last week in the chamber.

US drop fraud charges against billionaire Indian businessman Gautam Adani

NEW YORK (AP) – U.S. prosecutors asked a judge Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who had been accused of duping investors in a massive solar project in India. Adani, one of the world’s richest people, was accused in 2024 of paying massive bribes to ensure the project’s success.