The dollar weakened and gold hit a record high Monday as investors digested news that the US Justice Department is probing the Federal Reserve, raising fears over the central bank's independence against President Donald Trump's push for lower rates.
Iran's foreign minister said on Monday the Islamic republic is ready for both war and talks after repeated threats from US President Donald Trump to intervene militarily over a crackdown on protests that activists fear has killed hundreds.
India and Germany are looking to boost defence industry cooperation, Prime Minister Narendra Modi said Monday after hosting Chancellor Friedrich Merz in his home state of Gujarat.
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Politics
Myanmar's military deliberately targeted the Rohingya minority in a bid to destroy the community, Gambia's Justice Minister Dawda Jallow told the International Court of Justice Monday at the start of a genocide hearing.
January 12, 2026
RECENT NEWS
Fed chair Powell says targeted by federal probe
Politics
January 12, 2026
After years of repression, Bangladesh's Islamist groups are mobilising ahead of February 12 elections, determined to gain a foothold in government as they sense their biggest opportunity in decades.
January 12, 2026
RECENT NEWS
Reigning NBA Most Valuable Player Shai Gilgeous-Alexander sparked defending champion Oklahoma City to victory on Sunday while Anthony Edwards led Minnesota's last-minute fightback to beat San Antonio.
January 12, 2026
Ukrainian tennis player Marta Kostyuk has defended her "conscious choice" to address the plight of her country during the trophy presentation of a pre-Australian Open event in Brisbane.
January 12, 2026
US President Donald Trump said Sunday his administration was working well with Venezuela's interim leader Delcy Rodriguez -- and that he would be open to meeting with her.
January 12, 2026
Economy
Asian equities posted gains Monday while the dollar dipped as investors digested news that the US Justice Department subpoenaed the Federal Reserve, raising fears over US central bank independence.
January 12, 2026
RECENT NEWS
A Hong Kong court began hearing sentencing arguments on Monday for pro-democracy media tycoon Jimmy Lai, who was convicted of national security crimes that could land him in prison for life.
Federal Reserve Chairman Jerome Powell said Sunday that the central bank had been subpoenaed by the US Justice Department, blasting the move as part of President Donald Trump's extraordinary pressure campaign on US monetary policy decisions.
"One Battle After Another" was among the big winners at the Golden Globes on Sunday, though its star Leonardo DiCaprio missed out to Timothee Chalamet in one of the glitzy gala's most closely watched contests.
Canadian Prime Minister Mark Carney will head to Beijing on Tuesday to meet with Chinese leader Xi Jinping, hoping for closer ties as he looks to reduce his country's dependence on the United States.
January 12, 2026
Sports
The injury-hit San Francisco 49ers sent the reigning Super Bowl champion Philadelphia Eagles crashing out of the NFL playoffs on Sunday in a stunning wild card round upset.
January 12, 2026
RECENT NEWS
Hollywood's top stars hit the red carpet on Sunday for the Golden Globes, the first major event on the road to the Oscars, and they delivered lots of old-school glamour.
After the US raid that deposed Nicolas Maduro as Venezuela's leader, citizens hope the ensuing talks on selling its oil to the United States may improve their dire economic fortunes.
The Golden Globes kicked off Sunday, with "One Battle After Another" and "Sinners" expected to dominate the glitzy gala's movie awards.
Three-time Australian Open runner-up Daniil Medvedev will be an underdog at the opening Grand Slam of the year, but the Russian warned he will be hard to beat in his current form.
January 12, 2026
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