Shares opened higher in Europe after a retreat Monday in Asia following Wall Street's worst day in three weeks. The price of bitcoin sank as traders braced for an interest rate hike by the Bank of Japan, expected later in the week.

Germany's DAX gained 0.3% to 24,254.58 and the CAC 40 in Paris was up 0.8% to 8,131.56. Britain's FTSE 100 advanced 0.6% to 9,711,10.

Heavy combat between Thailand and Cambodia entered a second week on Monday, with Phnom Penh claiming that Thai bombing is hitting deeper into its territory, coming close to shelters for people who had already fled dangerous areas along the border.

According to Cambodia's defense and information ministries, Thai F-16 fighter jets dropped two bombs shortly after 10 a.m. near camps for displaced people in Oddar Meanchey and Siem Reap provinces.

Iran's rial slid further Monday to a new record low of more than 1.3 million to the U.S. dollar, deepening the currency's collapse less than two weeks after it first breached the 1.2-million mark amid sanctions pressure and regional tensions.

Currency traders in Tehran quoted the dollar above 1.3 million rials, underscoring the speed of the decline since Dec. 3, when the rial hit what was then a historic low. The rapid depreciation is compounding inflationary pressures, pushing up prices for food and other daily necessities and further straining household budgets, a trend that could be intensified by a gasoline price change introduced in recent days.

Jimmy Lai, the pro-democracy former Hong Kong media mogul and outspoken critic of Beijing, was convicted in a landmark national security trial in the city's court on Monday, which could send him to prison for the rest of his life.

Three government-vetted judges found Lai, 78, guilty of conspiring with others to collude with foreign forces to endanger national security and conspiracy to publish seditious articles. He pleaded not guilty to all charges.

Floods triggered by torrential rains have killed at least 37 people in the Moroccan coastal city of Safi, the Interior Ministry said Monday.

Authorities said heavy rain and flash floods overnight inundated about 70 homes and businesses and swept away 10 vehicles. The Interior Ministry reported 14 people hospitalized.

European leaders are expected to cement support for Ukraine Monday as it faces Washington's pressure to swiftly accept a U.S.-brokered peace deal.

After Sunday's talks in Berlin between U.S. envoys and Ukrainian President Volodymyr Zelensky, Ukrainian and European officials are set to continue a series of meetings in an effort to secure the continent's peace and security in the face of an increasingly assertive Russia.

Australian Prime Minister Anthony Albanese on Monday proposed tougher national gun laws after a mass shooting targeted a Hanukkah celebration on Sydney's Bondi Beach, leaving at least 15 people dead.

Albanese said he would propose new restrictions, including limiting the number of guns a licensed owner can obtain. His proposals were announced after the authorities revealed that the older of the two gunmen — who were a father and son — had held a gun license for a decade and amassed his six guns legally.

The death of two U.S. service members and one American civilian in an attack in Syria by an alleged member of the Islamic State group has drawn new attention to the presence of American forces in the country.

Saturday's attack was the first with fatalities since the fall of Syrian President Bashar Assad a year ago.

The result of last month's parliamentary elections in Iraq was ratified by the Supreme Federal Court, confirming that the party of caretaker prime minister Mohammed Shia al-Sudani won the largest number of seats — but not enough to assure him a second term.

The court confirmed that the voting process met all constitutional and legal requirements and had no irregularities affecting its validity.

Egypt on Sunday revealed the revamp of two colossal statues of a prominent pharaoh in the southern city of Luxor, the latest in the government's archaeological events that aim at drawing more tourists to the country.

The giant alabaster statues, known as the Colossi of Memnon, were reassembled in a renovation project that lasted about two decades. They represent Amenhotep III, who ruled ancient Egypt about 3,400 years ago.