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US lawmakers were studying proposals Wednesday to jumpstart high-tech research and manufacturing, boost competition with China and ease a global shortage of crucial computer chips.

Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended deliveries due to quality problems.

English cricket is back in the firing line over racism in the game after "stereotypical" and "outdated" views were expressed about the reasons for a lack of interest in the game among Britain's ethnic-minority communities.

An EU court on Wednesday annulled a 1.06 billion euro fine against US chipmaker Intel, finding that Brussels had failed to adequately prove anti-competitive practices in a key aspect of the case, a statement said.

European stock markets powered higher Wednesday, recovering further from recent sharp losses, as traders await the outcome of a key Federal Reserve policy meeting.

Scores of Afghan women rallied in Kabul on Wednesday in a Taliban sanctioned protest endorsing their regime and calling on the West to unfreeze the nation's assets as its humanitarian crisis deepens.

Turkey's main airport stirred back to life on Wednesday and Greece's under-fire prime minister issued a formal apology as the east Mediterranean neighbours faced the political fallout of a paralysing blizzard.

Trans people in Hong Kong will not be allowed to have their gender officially recognised on their identity documents unless they undergo sex reassignment surgery, a court ruled on Wednesday.

Israeli director Alon Schwarz concedes he might face a backlash over his documentary on an alleged 1948 massacre of Palestinians, but says the Jewish state's citizens need "to understand our history".

Europe's busiest airport in Istanbul was "gradually" resuming normal operations after a blizzard shut it down for a day, the head of Turkish Airlines said on Wednesday.

A Syrian neighbourhood targeted by regime bombing lies in ruins, with bodies and broken toys poking out of the rubble; tall, grey buildings are reduced to crumbling, empty shells, their walls blown away or pockmarked by the blast.

Underground operations have finally begun at a copper mine in Mongolia, official media has reported, ending years of delays for Anglo-Australian giant Rio Tinto.

Cardi B has won some $4 million in a libel lawsuit in the United States against a celebrity gossip blogger, who posted claims that the superstar rapper was a "prostitute" who had herpes and used cocaine.

Supermarket shelves are bare and restaurants can't serve meals, but Sri Lanka's economic crisis is a bonanza for used car dealers, with vehicle shortages pushing prices higher than a house in a nice area.

Asian markets enjoyed some respite Wednesday from the hefty selling at the start of the week, with focus on the end of the Federal Reserve's policy meeting later in the day, when traders hope it will provide much-needed guidance on its plans for hiking interest rates.

The Federal Reserve's first policy meeting of the year hasn't even concluded but Wall Street already is unhappy, wary of what central bank chief Jerome Powell might say on Wednesday about his inflation-fighting plans.

China should begin to "recalibrate" its aggressive anti-Covid policy as other countries are doing, to try to ease the negative impact the pandemic continues to have on global supply chains and economic growth, a senior IMF official said on Tuesday.

The IMF on Tuesday called on El Salvador to change course and stop using Bitcoin as legal tender, citing "large risks" posed by the cryptocurrency.

Western diplomats Tuesday linked humanitarian aid to Afghanistan to an improvement in human rights after meeting a Taliban delegation on a landmark visit to Europe.

Italian luxury brand Moncler, known for its high-end parkas, Tuesday joined a growing number of fashion firms dropping fur from their clothing.

Privacy measures that are meant to preserve the anonymity of smartphone users are no longer suitable for the digital age, a study suggested on Tuesday.

Pop megastar Elton John on Tuesday postponed two concerts in Dallas -- part of what is expected to be a lengthy farewell tour -- after testing positive for Covid-19.

Stranded passengers chanted protests at Europe's busiest airport in Istanbul on Tuesday and soldiers dug out snowed-in drivers in Athens as a rare blizzard stirred up anger and chaos across swathes of the eastern Mediterranean.

American companies have an average of less than five days worth of semiconductors on hand, a level leaving them vulnerable to production shutdowns if supply is disrupted, the Commerce Department said Tuesday.

Wall Street stocks sank on Tuesday as the Federal Reserve began a two-day monetary policy meeting, while European stocks rebounded.