The Prada Group announced a deal Thursday to buy Italy's Versace from the U.S. luxury group Capri Holdings under terms that value the fashion house at 1.25 billion euros ($1.4 billion).

Prada said the addition of Versace's "highly recognizable aesthetic … constitutes a strongly complementary addition" to its portfolio, which includes the Prada and Miu Miu fashion brands. It said Milan-based Versace offered "significant untapped growth potential.''

Israel on Thursday released a Palestinian who took part in an attack when he was 13 and developed schizophrenia in prison as requests for early release were denied.

Israel says Ahmad Manasra is a terrorist who tried to kill Jews his own age. Palestinians accuse Israel of subjecting a child to harsh incarceration that led to serious and potentially permanent mental illness. His lawyer, Khaled Zabarqa, said he was released after completing his nine-and-a-half-year sentence.

A new executive order from President Donald Trump that's part of his effort to invigorate energy production raises the possibility that his Department of Justice will go to court against state climate change laws aimed at slashing planet-warming greenhouse gas pollution from fossil fuels.

Trump's order, signed Tuesday, comes as U.S. electricity demand ramps up to meet the growth of artificial intelligence and cloud computing applications, as well as federal efforts to expand high-tech manufacturing. It also coincides with "climate superfund" legislation gaining traction in various states.

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he'd imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The moves triggered a powerful stock market rally on Wall Street but left businesses, investors and America's trading partners bewildered about what the president is attempting to achieve.

The U-turn came after the sweeping global tariffs Trump announced last week set off a four-day rout in global financial markets, paralyzed businesses and raised fears the U.S. and world economies would tumble into recession.

The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic meltdown.

"You've got the markets seeing your brilliance," Sen. John Barrasso, a Republican from Wyoming, told the president.

China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into the effort, it's meeting only partial success with many countries unwilling to ally with the main target of President Donald Trump's trade war.

Facing the cratering of global markets, Trump on Wednesday backed off his tariffs on most nations for 90 days, saying countries were lining up to negotiate more favorable conditions.

World markets soared on Thursday, with Japan's benchmark jumping more than 9% as investors welcomed U.S. President Donald Trump's decision to put his latest tariff hikes on hold for 90 days, though he excluded China from the reprieve.

In early trading, Germany's DAX initially gained more than 8%. By midmorning, they were up 5.3% at 20,720.86, while France's CAC 40 in Paris gained 5% to 7,204.23. Britain's FTSE 100 surged 4.0% to 7,983.37.

The European Union's executive commission said Thursday it will put its retaliation measures against new U.S. tariffs on hold for 90 days to match President Donald Trump's pause on his sweeping new tariffs and leave room for a negotiated solution.

European Commission President Ursula von der Leyen said that the commission, which handles trade for the 27 member countries, "took note of the announcement by President Trump."

Two videos, two different stories about Russia's war in Ukraine. In one of them, the prisoners appear to live. In the other, they die.

The Associated Press has obtained a video from a Ukrainian drone showing soldiers with Russian uniform markings killing Kyiv's forces who had surrendered to them. It also has discovered a second video, recorded by a Russian drone, of the same incident that sheds light on how Moscow is framing it.

The Supreme Court has allowed the Trump administration to use a 1798 wartime law, the Alien Enemies Act, to deport Venezuelan migrants it accuses of being gang members, ending the temporary halt on deportations ordered by a federal district judge.