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Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

AP Business Writer TOKYO (AP) — Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments. The Tokyo-based company reported fiscal second-quarter profit of nearly 1.18 trillion yen, or $7.7 billion. SoftBank credited income as coming from royalties and licensing related to its holdings in Arm,

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Yemen’s Houthi rebels launch drones and missiles at US warships near the Red Sea but do no damage

Associated Press DUBAI, United Arab Emirates (AP) — The U.S. Defense Department says Yemen’s Houthi rebels targeted two U.S. Navy warships with multiple drones and missiles as they were traveling through the Bab el-Mandeb Strait on Tuesday. Maj. Gen. Pat Ryder, the Pentagon press secretary, says the Iranian-backed Houthis launched at least eight drones, five

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Philippine defense secretary doesn’t expect Trump will demand payment for protection

Associated Press MELBOURNE, Australia (AP) — Philippine Defense Secretary Gilberto Teodoro says he doesn’t expect U.S. President-elect Donald Trump’s next administration will demand the Philippines pay more for military protection because both allies face the shared threat of China. Teodoro was speaking at a news conference with Australian Defense Minister Richard Marles on Tuesday. The

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‘A hollow and limited apology.’ New Zealand survivors of abuse in care speak in their own words

Associated Press WELLINGTON, New Zealand (AP) — Hundreds of survivors of abuse in state, foster and faith-based care arrived at New Zealand’s Parliament in Wellington on Tuesday, each representing thousands more. They came to hear the government formally apologize for the “unimaginable” horrors they suffered as children and vulnerable adults, after a long-running inquiry made

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Mauritius opposition wins country’s election by a landslide

JOHANNESBURG (AP) — Mauritius’ opposition coalition has won the country’s election by a landslide. The Alliance for Change coalition took all parliamentarly seats in a major rejection of the country’s current government. Results were released at various constituencies across the country throughout Monday. The ruling coalition led by Prime Minister Pravind Jugnauth failed to get

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