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Shares of International Business Machines tumbled sharply on Monday, marking the company’s worst single-day decline in over 25 years. The sell-off followed bold claims by AI startup Anthropic that its Claude Code tool could transform legacy COBOL systems widely used on IBM infrastructure. IBM’s stock fell 13.2 per cent in a single session, its sharpest daily decline since October 18, 2000. The sudden downturn rattled investors and revived concerns about the future of legacy programming systems that underpin much of the global financial and government infrastructure. The drop came after Anthropic announced that its AI-powered coding assistant, Claude Code, could significantly modernise COBOL…

The UK’s data protection regulator has fined Reddit £14.5 million ($19.6m) for failing to properly verify users’ ages. Authorities say the lapse exposed children to potential harm and led to unlawful use of their personal information. The Information Commissioner’s Office (ICO) announced the fine, alleging that Reddit did not apply any robust age assurance mechanism before allowing users to access its platform. According to the regulator, this failure meant the company did not have a lawful basis to process the personal information of children under 13. “Our investigation found that Reddit failed to apply any robust age assurance mechanism,” the ICO said…

KHYBER : Pakistan responded effectively to unprovoked firing by Afghan Taliban on Pak-Afghan border in Torkham and Tirah. According to PM foreign media spokesman Musharraf Zaidi, Pakistan security forces responded quickly and effectively to the aggression. In a statement on X, Prime Minister Shehbaz Sharif’s spokesman for foreign media, Musharraf Zaidi, said any further provocation will be responded promptly and strongly. According to security sources, clashes took place at three different points in the border area and the firing continued for about an hour. All Pakistan Army soldiers remained safe, while during the retaliatory action, a checkpost of the Afghan…

WASHINGTON : Four years after Russia’s full-scale invasion of Ukraine, UN Secretary General Antonio Guterres said the war there remained “as a stain on our collective conscience” and reiterated calls for an immediate ceasefire. In remarks for a session of the United Nations Security Council to mark the fourth anniversary of Russia’s invasion, Guterres commended the efforts of the United States and others to end the war, but said concrete measures were needed to de-escalate and create space for diplomacy. Referring to Russia’s invasion, Guterres said: “We have witnessed the cascading consequences of this blatant violation of international law.” He…

JUIZ DE FORA : Three firemen pulled a man’s body from the mud amidst the rubble of houses swept away in a landslide in southeastern Brazil, where 30 people died and 39 were still missing on Tuesday after torrential rains. A river burst its banks and streets became raging currents of brown water in the state of Minas Gerais after the overnight downpour in a region that has seen record rain this month. State firefighters said 30 people had died in the cities of Juiz de Fora and Uba. More than 200 people have been rescued. Firefighters and sniffer dogs…

BEIJING: China looks forward to promoting deeper and more practical cooperation with Germany, the country’s Premier Li Qiang said in a meeting with German Chancellor Friedrich Merz in Beijing on Wednesday. Relations between both countries have been steadily advancing, the Chinese leader said, adding that China is willing strengthen dialogue, communication and mutual trust with the European nation.

BEIJING: German Chancellor Friedrich Merz touched down in Beijing on Wednesday hoping to reset bilateral ties, with China pitching itself as a reliable economic partner as Europe struggles to balance its U.S. alliance and address supply chain vulnerabilities. Merz, on his first visit to China, becomes the latest European leader seeking to reset ties with China after Britain’s Starmer and Canada’s Carney earlier this year, while Beijing touts the benefits of engaging with its massive consumer market and advanced manufacturing base. Engagement between Europe’s largest economy and China could set the stage for EU-China relations this year. But Merz faces a tough balancing…

WASHINGTON: President Donald Trump delivered his State of the Union address to a joint session of Congress on Tuesday, a potentially pivotal moment as the White House seeks to firm up support among Republican voters ahead of November’s midterm elections. Trump’s speech comes against a backdrop of rising tensions with Iran and voter frustration with the high cost of living. Risky business Trump put dollars and cents at the heart of his speech, but he stuck to a risky message on the economy that some strategists have warned could lose his Republican Party the congressional elections in November, when all 435 seats in the House and…

China will resolutely safeguard the legitimate rights and interests of the enterprise, Chinese Foreign Ministry spokesperson Mao Ning said on Tuesday following a takeover by Panamanian authorities of two Panama Canal ports operated by Hong Kong-based conglomerate CK Hutchison. Reiterating that China’s stance on the port-related issues in Panama is clear, Mao said at a regular news briefing that relevant enterprise has issued a statement, indicating that it reserves all rights, including resorting to legal procedures.

The Central Leading Group for Party Building of the Communist Party of China (CPC) met to plan a new Party-wide educational campaign for the establishment and application of a sound understanding of what it means to perform well. The meeting was chaired by Cai Qi, the group’s head, and attended by the group’s deputy head, Li Xi. Cai and Li, both of whom are members of the Standing Committee of the Political Bureau of the CPC Central Committee, also delivered speeches. According to the meeting, the education campaign is essential for implementing the strategic plans of the fourth plenary session…