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Global stocks mostly higher on telecoms news, stimulus hopes

Yuri Kageyama, Associated Press  |  Posted  Dec 7th - 5:22am

Global stock markets rose Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone.

Iran moves to change its currency unit back to the toman

The Associated Press  |  Posted  Dec 7th - 5:10am

Iran's official IRNA news agency says that President Hassan Rouhani's administration is proposing changing the name and denomination of the country's currency.

Pfizer fined for hiking epilepsy drug price 2,600 pct in UK

Danica Kirka, Associated Press  |  Posted  Dec 7th - 4:11am

British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an epilepsy drug by as much as 2,600 percent.

Study: Thousands of Bangladesh kids working 64 hours a week

Julhas Alam, Associated Press  |  Posted  Dec 7th - 4:11am

Thousands of Bangladeshi children who live in the capital's slums are working illegally for an average of 64 hours a week, with many employed by the garment industry making clothing for top global brands, according to a report released Wednesday.

Alibaba, China Mobile announce development partnership

The Associated Press  |  Posted  Dec 7th - 4:00am

Chinese e-commerce giant Alibaba and the country's biggest phone carrier, China Mobile, announced a partnership Wednesday to develop internet-related services as web users migrate to mobile devices.

Japan mercury-poisoning victims demand tests, 60 years later

Yuri Kageyama, Associated Press  |  Posted  Dec 7th - 3:52am

Six decades after "Minamata disease" mercury poisoning was first discovered, victims and their advocates are demanding tests for food toxicity and illnesses be carried out to help identify patients.

Greek journalists on 24-hour strike to protest austerity

The Associated Press  |  Posted  Dec 7th - 3:40am

Greek journalists are striking to protest austerity measures, pulling all television and radio news broadcasts off the air a day before a nationwide general strike expected to shut down services across the country.

Study: 'Obamacare' repeal-only would make 30M uninsured

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Dec 7th - 3:20am

Repealing President Barack Obama's health care law without a clear replacement risks making nearly 30 million people uninsured, according to a study released Wednesday.

Hungary leaves anti-corruption group that criticized it

The Associated Press  |  Posted  Dec 7th - 3:10am

The Hungarian government says it is pulling out of an international initiative to promote transparency and fight corruption because of the group's unfair criticism of the country.

China fines Medtronic $17 million on anti-monopoly charges

The Associated Press  |  Posted  Dec 7th - 2:11am

Medical device maker Medtronic has been fined $17 million by Chinese anti-monopoly regulators in the latest effort by Beijing to force down what it sees as unreasonably high prices.

Japan's deal maker, Softbank tycoon Masayoshi Son

Elaine Kurtenbach, Associated Press  |  Posted  Dec 7th - 2:10am

Japanese billionaire Masayoshi Son, who met with President-elect Donald Trump and then announced plans to create 50,000 jobs and invest $50 billion in U.S. startups, has been one of Japan's most aggressive overseas investors for over two decades. He's getting an early start on deal-making with the future president.

German industrial production up only slightly in October

The Associated Press  |  Posted  Dec 7th - 1:40am

German industrial production rose more weakly than expected in October following a significant decline the previous month.

LA authorities boost security after threatened rail attack

John Rogers, Associated Press  |  Posted  Dec 7th - 1:40am

The FBI said Tuesday it found no evidence that a bomb threat which prompted heightened security at a Los Angeles subway station was real and the anonymous caller who made it may have reported similar phony threats in the past.

Car company offering red light-reading vehicles in Las Vegas

Ken Ritter, Associated Press  |  Posted  Dec 7th - 1:30am

On the theory that a driver who knows when a red light will turn green is more relaxed and aware, vehicle manufacturer Audi is unveiling this week in Las Vegas a technology that enables vehicles to "read" traffic signals ahead and tell the motorist how long the wait will be.

Trump promises to heal divisions, plans visit to Ohio State

Jonathan Lemire, Associated Press  |  Posted  Dec 7th - 1:21am

President-elect Donald Trump promised to "heal our divisions and unify our country" as he prepares to meet with some of the victims of last week's car-and-knife attack at Ohio State University.

Lawmakers wrapping up work, eyeing the exits

Andrew Taylor, Associated Press  |  Posted  Dec 7th - 1:13am

Lawmakers are spending plenty of money and are greasing the way for retired Gen. James Mattis to be President-elect Donald Trump's secretary of defense as they race toward adjourning the battle-scarred Congress.

Poll: Racial vulnerability linked to youth vote choice

Emily Swanson, Associated Press  |  Posted  Dec 7th - 1:10am

Among the youngest white adult Americans, feelings of racial and economic vulnerability appear to be closely connected to their support for Donald Trump in last month's election.

Aide says Trump sold stocks in June, provides no evidence

Julie Pace and Chad Day, Associated Press  |  Posted  Dec 7th - 1:10am

President-elect Donald Trump sold all of his stocks in June as he plunged into the costly general election campaign, his transition team abruptly announced Tuesday. His advisers provided no proof of the transactions and would not explain the apparent sell-off.

A look at the rise and fall of South Korea's president

Hyung-Jin Kim, Associated Press  |  Posted  Dec 7th - 12:10am

South Korean President Park Geun-hye, who faces impeachment this week, rose to power with the support of conservatives enamored of the economic growth ushered in by her late dictator father decades ago.