World shares were mostly higher Thursday, though heavy selling of artificial intelligence-related stocks offset gains for some markets following the U.S. midterm elections.

South Korea's Kospi sank more than 5% and the Nikkei 225 in Tokyo lost nearly 2%. Oil prices were mixed after the Dow industrials jumped more than 3% on Wednesday following the Republicans' loss of control of the U.S. Congress.

Natural gas deposits off the southern coastline of Cyprus are an opportunity for the European Union to bolster its own energy security by diversifying its supply, the island nation's president said Thursday.

President Nikos Christodoulides told The Associated Press in an exclusive statement that the first of a number of natural gas fields discovered off Cyprus, dubbed Cronos, is expected to start production in the first half of 2028.

The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation.

"There is now enough inflationary pressure in the pipeline caused by the rise in energy prices, that an increase in Bank Rate is warranted," BoE governor Andrew Bailey said in a statement.

President Donald Trump was publicly humbled by inflation in Tuesday's midterm elections, as rising prices provoked a blistering set of losses for Republicans in House, Senate and gubernatorial races.

Most voters said that Trump's own policies had smothered growth and drove costs even higher, according to The AP Voter Poll, a survey of roughly 100,000 midterm voters. The president's message that the fault lay with his predecessor, Democrat Joe Biden, didn't land. Americans saw prices start to climb with Trump's chaotic rash of tariffs last year, and energy costs spiked after he launched a war with Iran in February.

Mysterious cyberattacks on European supermarket fridges have sent officials around the continent scrambling to figure out the cold, hard facts.

Supermarkets in a number of European countries reported this week that their fridges and freezers warmed up after they were remotely taken over, resulting in tons of spoiled food at a total cost of millions of dollars (euros).

President Donald Trump says the U.S. will stop providing $4 billion in aid each year to Israel in 2027 but will sell arms to its closest ally in the Middle East.

The Republican president told Fox News Channel during a phone call on Tuesday that Israeli Prime Minister Benjamin Netanyahu had approached him about the idea and that they have been talking about it for a couple years.

Majority state-owned oil company Saudi Aramco on Tuesday reported a 35% increase in third-quarter net profit as earnings were boosted by higher oil prices and the sale of its stake in a Malaysian refining and petrochemical company.

Net profit rose to $36.3 billion from $26.9 billion in the year-earlier quarter. Adjusted net profit, which leaves out the sale of a stake in PRefChem to Malaysian state oil company Petronas, rose 9% to $31.2 billion.

The furnaces are cold, the factory floor deserted, and twisted metal litters the grounds of Kamet Steel, a vast industrial complex that once helped power Ukraine's economy but closed after a Russian attack.

Across the country, grain — a key export — piles up in fields and silos as farmers struggle to find routes safe from airstrikes and wait for prices to rise.

Shares in Asia were mixed Tuesday as markets like South Korea and Taiwan that are heavily weighted toward technology shares fell to their lowest levels in three months following a sell-off on Wall Street.

U.S. futures edged lower and oil prices moved higher.

Canadian Prime Minister Mark Carney said Sunday he had a constructive conversation with U.S. President Donald Trump about a potential trade deal, with negotiators set to work toward an agreement in the coming weeks as the countries seek to resolve their bitter trade dispute just days before the U.S. midterm elections.

Trump subsequently said both sides had "the concept" of a mutually beneficial deal.