Economy

Largest ICE detention facility wasted millions and put detainees at risk, report finds

A new report alleges that mismanagement at a massive Immigration and Customs Enforcement facility in Texas produced unsafe conditions that contributed to detainees’ deaths and suffering even as millions of tax dollars were wasted on contractors

Principal uses $63K "Wheel of Fortune" as lesson for students

Principal uses $63K "Wheel of Fortune" as lesson for students

Social Security’s retirement trust fund faces a funding shortfall a year earlier than expected

Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected

Rancher offers reward as Utah County deputies work to solve cattle theft

Rancher offers reward as Utah County deputies work to solve cattle theft

US trade judge urges Trump administration to speed up tariff refunds

A U.S. trade judge on Tuesday urged Trump administration officials to speed up refunds of more than $10 billion in revenue from tariffs that were

Jio BlackRock prepares ETF debut by August after building $2 billion India fund base

Jio BlackRock Asset Management plans to launch its first exchange-traded funds in India by August, seeking to replicate BlackRock's global success in passive

Oil prices fall to seven-week low as Iran and Israel halt attacks

Oil prices fell about 3% to a seven-week low on Tuesday after Iran and Israel said they had halted attacks on each other following an appeal from U.S.

Oil inventories headed toward multi-decade lows, US EIA warns

Oil stockpiles in the world's largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due

Activist Ancora builds stake in Ashland, pushes for sale​​

Activist Ancora Alternatives has built a significant stake in Ashland Inc and wants the U.S. specialty chemicals company to sell itself, arguing

New Zealand poll shows US seen as more of a threat than China

For the first time in a decade, New Zealanders see the United States as more of a threat than China, a survey by the Asia New Zealand Foundation found, as concerns over

US Social Security trust fund set for 2032 insolvency, report finds

The U.S.

Crawfish season winds down after unpredictable year in Louisiana

Crawfish season winds down after unpredictable year in Louisiana

After long waits at the Social Security Administration, its chief says things are getting better

After complaints about staffing cuts and long waits to get help at the Social Security Administration, its commissioner says things are getting a lot better

Fact check: The average US gas price is higher today than during 91% of Biden’s presidency

Fact check: The average US gas price is higher today than during 91% of Biden’s presidency

European banks want simpler rules as region's annual investment gap hits €1.4 trillion

Europe faces a widening €1.4 trillion ($1.62 trillion) annual investment gap that risks holding back its economic objectives including energy transition, the European

MSCI confirms early index inclusion rules ahead of SpaceX IPO

Index provider MSCI confirmed on Monday it will apply existing rules for early inclusion of large IPOs in its Global Standard Indexes, likely clearing the way for

JPMorgan keeping a watchful eye on consumer health, executive says

JPMorgan Chase is keeping a close watch on consumer health as worries about inflation persist, Marianne Lake, CEO of the bank's consumer and

OpenAI joins Anthropic in IPO push

OpenAI said on Monday it confidentially filed for a U.S. initial public offering recently, joining rival Anthropic in a push toward the stock market as investors seek exposure to

Blackstone's private wealth inflows improved in June, president says

Blackstone saw improving inflows from individual investors in June amid a pullback from funds that aim to give those people access to rarely traded private assets, the

Trump approval stays near record low as most Americans expect higher gas prices

President Donald Trump's approval rate held near the lowest levels of his political career in recent days as most Americans said they expected gasoline

Citi hires Andrew Conway as global chair of consumer and retail investment banking

Citigroup has hired Andrew Conway as its global chair of consumer and retail investment banking to expand its banking franchise in the sector,

Boeing jet deliveries jump to 60 in May, 33% higher than last year

Boeing said on Tuesday that it delivered 60 jets in May, a 33% increase over the same period last year, though fewer than the 81 delivered by European

Bank of America could exceed 15% market revenue growth in Q2

Bank of America may exceed the initial forecast of 15% growth in second-quarter markets revenue, fueled by the equities business, Co-President Jim DeMare said on Tuesday.

Amazon issues record-setting Canadian dollar-denominated corporate bond deal

Amazon has issued C$14 billion ($10.04 billion) of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed,

More than $1 trillion in value gone in 8 months. What’s going on with bitcoin?

More than $1 trillion in value gone in 8 months. What’s going on with bitcoin?

Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up

Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips and networking solutions as part of a tie-up between

Dollar edges lower amid shaky Middle East truce, US inflation data in view

The dollar edged lower against peers on Tuesday amid a fragile Middle East truce and with investors looking ahead to key U.S. data later in the week. U.S.

Candidates for UN's top job urge its renewal and bolstering human rights

Several candidates running to be the next head of the United Nations called for a strengthening of human rights and respect for international law and

EU orders Meta to restore WhatsApp access for rival AI chatbots

European Union regulators have ordered Meta Platforms to restore access to WhatsApp for rival AI chatbot makers

Carney says the new Canadian-built bridge across Detroit River that Trump threatened will open

Canadian Prime Minister Mark Carney says a new Canadian-built bridge across the Detroit River that U.S. President Donald Trump threatened to block will open soon

Blue Owl fund facing redemptions raises $500 million in bond sale, Bloomberg News reports

A private credit fund managed by Blue Owl Capital, which earlier this year imposed limits on investor redemptions, has raised $500 million through an investment‑grade bond offering,

Senators seek probe into US transport chief road trip paid for by corporate donors

A group of six Democratic senators on Monday sought a government probe into U.S.

ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

Proxy adviser ISS on Monday urged Warner Bros Discovery shareholders to vote against executive pay and exit packages for CEO David Zaslav and other top executives tied to the

Salt Lake City lawsuit is latest against DHS' plan to use giant warehouses to detain immigrants

Salt Lake City and its county have filed a lawsuit seeking to block the Department of Homeland Security’s plan to open a giant warehouse in the city that would be used to detain up to 10,000 immigrants

IMF approves $163 million in new funding for Papua New Guinea

The International Monetary Fund's Executive Board approved reviews of Papua New Guinea's lending arrangements, unlocking about $163 million in combined disbursements, the fund said

Foreign demand steadies at US Treasury auctions in June

Foreign investors increased purchases of two- and five-year U.S.

Gavi plans to use U.S. cash for malaria, while meeting Kennedy's conditions

The global vaccine group Gavi said on Monday it hopes to use $600 million in soon-to-be-restored U.S. funding to boost malaria and other vaccination

Strongest earthquake in nearly 150 years hits off Cuba, shakes Mexico, Florida

A historically strong earthquake struck off Cuba's northwest coast on Monday, according to official reports, shaking parts of Cuba, Mexico and Florida that are

Meta funds skilled trades jobs program for AI data center buildout

Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the

Applied Digital signs $5.2 billion AI data center lease with U.S. hyperscaler

Applied Digital has signed a 15-year lease with a U.S.-based hyperscaler at its Delta Forge 2 site which is expected to generate about $5.2 billion in revenue over the period,

Strike at GM axle supplier continues 

A strike at a major supplier for General Motors' trucks entered its second week on Monday with the United Auto Workers and Dauch Corp still unable to reach a

US judge scraps Trump policy restricting wind, solar tax breaks

A U.S. judge vacated a Trump administration policy implemented last year that made it harder for wind and solar energy projects to claim federal tax subsidies,

UK consumers up their spending in May after April drop

Consumers in Britain increased their spending in May after reducing it in April, but their expenditure on travel dropped for a third month in a sign of caution over the

S&P downgrades JetBlue deeper into junk as high fuel costs dent recovery

Global ratings agency S&P said on Monday it had downgraded JetBlue Airways to "CCC+" from "B-," pushing the carrier further into junk territory as high jet fuel costs hamper its

US leads record rise in spending on nuclear arsenals, campaign group says

Spending on nuclear weapons by the world's nine nuclear-armed states rose by almost a fifth in 2025 to $119 billion, a report by the International

Trading Day: Recovery, but on mute

The S&P 500 and Nasdaq rebounded on Monday from Friday's tech-led rout, on news of an Israel-Iran detente and as investors bought back cheapened

South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate

South Korea's economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday.

UK employers warns of slower growth, higher unemployment

The Confederation of British Industry cut its forecast for the country's economic growth on Tuesday and predicted unemployment would rise to its highest in more than a

US wholesale inventories increase for third straight month in April

U.S. wholesale inventories increased more than initially thought in April, likely reflecting stock building to hedge against shortages and high prices stemming from the

SpaceX's lofty valuation set to put 'Elon premium' to test

SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a

Australia consumer confidence slips in June as finances squeezed

A measure of Australian consumer sentiment fell back in June as rising borrowing costs and higher petrol prices squeezed family finances, a survey showed on Tuesday, while

Emirates upbeat on Boeing 777X, no progress in Airbus A350-1000 engine spat

Dubai's Emirates expects to receive its long-delayed first Boeing 777X by June next year, but has yet to see progress on Rolls-Royce engine improvements

New York state's electricity reserves are shrinking, grid operator says

Electricity supplies in New York have shrunk over the last five years, leaving one of the most populous U.S. states at risk of falling short of the energy

Australia business conditions steady in May, mood still gloomy

Australian business conditions steadied in May as sales strengthened a little, a survey showed on Tuesday, while confidence stayed gloomy as cost pressures squeezed profit

US home sales surge to the fastest pace this year despite rising mortgage rates and prices

Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand for the housing market after a lackluster start to the spring homebuying season

Databricks in talks to raise funds at over $165 billion, The Information reports

Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information

Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports

AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO

South Korea's cabinet approves decree on $350 billion US investment plan

South Korea's cabinet approved on Tuesday a presidential decree as part of the process to allow $350 billion of strategic investments in the United States to proceed under a

Bain Capital enters bidding war for Australia's oOh!media after rival offers

Australian advertising firm oOh

Vietnam orders airlines to accelerate U.S. deals as Washington trade probes mount

Vietnam has ordered its major airlines to review the progress of multibillion-dollar agreements signed with Boeing and Pratt & Whitney, and explore new import deals with American

BOJ to consider pausing bond taper next fiscal year, sources say

(Corrects June 9 story to clarify in the lead and paragraph 4 that the BOJ is considering pausing tapering, not maintaining the current pace of bond purchases) By Leika Kihara and Takahiko Wada TOKYO,

Indian economy, government finances, see mounting costs from Iran war

A few months ago, India's economy was humming along nicely.

Fortune really had better favour the brave

A look at the day ahead in European and global markets from Wayne Cole.

Investors spy a tipping point for bonds after geopolitics shreds old playbooks

Bonds have failed to shield investors during the Iran war.

European shares close lower as investors weigh Middle East risks

European shares surrendered early gains on Tuesday to close lower for a third straight session, led by declines in commodity-

US small business sentiment falls in May as inflation worries mount

U.S. small-business sentiment fell in May and the share of owners planning to raise prices over the next three months increased to the highest level in nearly four years

China rides AI wave as exports surge past forecast

China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, providing policymakers

Harley-Davidson to bring Revolution Max production back to US

Harley-Davidson said on Tuesday it is bringing production of the Revolution Max engine platform for North America back to the U.S.

Wells Fargo CFO signals 'step up' in interest income in second quarter

U.S. banking giant Wells Fargo's net interest income will see a "step up" in the current quarter, Chief Financial Officer Mike Santomassimo said at an

US existing home sales increase more than expected in May

U.S. existing home sales increased more than expected in May, though rising mortgage rates and still-tight inventory remain a challenge for the housing market.

Euro zone bond yields steady as Middle East tensions ease, eyes on ECB

Euro zone government bond yields were steady on Tuesday as easing tensions between Israel and Iran for now calmed fears that their weekend attacks could derail U.S. efforts

Russian attacks on Ukraine kill three; Zelenskiy upbeat on talks with U.S. envoys

Russian drone and missile attacks on Ukraine's northeastern Kharkiv region killed a pregnant woman and two other people, Ukrainian officials said on

Mark Carney's trade push collides with reality of US dependence

Canadian Prime Minister Mark Carney has captured global attention by championing the idea of an alliance of mid-level economic powers that would operate

SpaceX IPO fever sparks hunt for proxy plays in Asia

SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to

Thai jobs for Myanmar refugees could show way forward for Asian nations, UN says

More than 5,500 Myanmar refugees living in camps along Thailand's border have found jobs since Bangkok eased employment curbs last year, an approach that

Japan issues warning on yen, bond yields as fiscal pressure mounts

Japanese policymakers said on Tuesday they stood ready to act decisively against excessive yen falls while remaining vigilant to rising

German exports rise unexpectedly in April

German exports rose unexpectedly by 0.9% in April compared with the previous month, data from the federal statistics office showed on Tuesday.

China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports

China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as

German exports up, production falls short of forecasts

German industrial production rose less than expected in April and economists said the outlook for Europe's largest economy remains weak, despite an unexpected

Weak yen, hawkish Fed adds to pressure on BOJ to accelerate hikes

Persistent weakness in the yen and an expected hawkish shift for the Federal Reserve after a hot jobs report in the U.S. are expected to add pressure on the

China Unicom warns planned US crackdown could disrupt global communications

China Unicom's U.S. unit warned that a Trump administration proposal to prohibit American telecommunications carriers from interconnecting with

Record petroleum exports help to shrink US trade deficit in April

The U.S. trade deficit narrowed in April as exports of petroleum products and capital goods jumped to record highs, a trend that if sustained, will put

BASF to focus on creating value as No. 1 rank slips

BASF will not push to defend its years-long top rank among the world's largest chemical companies by revenues to instead focus on creating value amid

China's Xi hails deeper understanding at end of North Korea summit

Chinese President Xi Jinping wrapped up on Tuesday his first visit to North Korea in seven years, saying it had established a deeper,

Samsung Elec considers building chip packaging plant, Korea Economic Daily says

Samsung Electronics is considering the construction of an advanced semiconductor packaging facility in the southwestern South Korean city of Gwangju, the Korea Economic Daily

Paramount Skydance seeks business counterpart to CBS News editor Bari Weiss, Axios reports 

Paramount Skydance is scouting candidates to oversee the business side of operations, who would work alongside CBS News' editor-in-chief Bari Weiss, Axios reported on Tuesday,

Short-sellers to tread carefully as Musk's SpaceX debuts

Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle.

Buy the chip

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Relief rally, dip-buying or a dead cat bounce?

Apple's AI Siri will be held back by aging devices, Morgan Stanley says

Apple's newly introduced AI Siri will have limited use across much of the company's install base because older iPhones lack the capabilities to run advanced AI features, Morgan

J.M. Smucker forecasts upbeat annual profit as coffee costs ease; shares jump

Packaged food maker J.M.

OpenAI files for US IPO after Anthropic as AI giants head to public markets

OpenAI confidentially filed for a U.S. initial public offering recently, the ChatGPT maker said on Monday, joining rival Anthropic in a push toward

Emirates to offer incentives, safety assurances as Iran war hits travel

Emirates will roll out incentives aimed at winning back travellers worried about the protracted Iran war, focusing on reliability and customer support

BP names heads for two main businesses after revamp

BP said on Tuesday that company veteran Gordon Birrell will lead its upstream unit and Richard Harding will serve as interim head of downstream, as part of a previously announced

Mexico annual inflation returns to cenbank's target range in May, but concerns persist

Mexico's annual inflation rate decelerated for a second month in a row in May, official data showed on Tuesday, returning to the higher end of

Fuel price shock to widen product gap between US airlines

The fuel shock hitting U.S. airlines is doing more than squeezing margins — it is widening a product gap that may take years to close, as

GSK boosts cancer portfolio with $10.6 billion Nuvalent takeover

GSK has agreed to buy U.S.-listed cancer drug developer Nuvalent for $10.6 billion in its largest deal in more than a decade, marking a

Wall St edges higher at open as chips extend gains, Middle East tensions ease

Wall Street's main indexes rose at the open on Tuesday, as chipmakers extended gains for a second day, while easing hostilities in the Middle East also aided sentiment.

US says BYD, Baidu, Alibaba and other tech giants are aiding China's military

The United States on Monday added Chinese e-commerce giant Alibaba, internet search provider Baidu, and

Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says

China-linked hackers posed the biggest espionage threat to technology companies over the past year,  CrowdStrike, a cybersecurity firm, said in a  report published on

How Honda’s old guard tried, and failed, to oust its CEO

Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese

Fed to hold rates this year, cut calls fade as war inflation persists, economists say: Reuters poll

The U.S.

Airbus sees no sign of jet order cancellations despite fuel pressures, CEO says

Airbus CEO Guillaume Faury said he is not seeing any demand for cancellations of jet orders despite recent turmoil that has left the airline industry battered, speaking at

Turkey opposition crisis deepens as rival CHP leaders hold duelling meetings

The ousted head of Turkey's main opposition party on Tuesday urged lawmakers to resist what he called a bid to eliminate it, while its

Embraer sees revenue boost from electric aircraft subsidiary

Brazilian planemaker Embraer expects electric aircraft subsidiary Eve to contribute $1 billion to $1.5 billion of revenue per year after its production

Britain begins formal review of Paramount' s $110 billion Warner Bros deal

Britain's competition regulator said on Tuesday it has formally started its review of Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery, after ending

Home insurance and the unraveling of Florida communities

Florida’s current approach to insurance is forcing those who can least afford it to bear the cost of the climate crisis. But different approaches are available.

Philadelphia’s 2026 sports calendar is packed – but fans are being priced out

In 1976, fans could score a ticket to the MLB All-Star Game for $6. In 2026, tickets start at over $200.

China's President Xi returns home after closely watched trip to North Korea

Chinese President Xi Jinping has returned home, ending a rare state visit to North Korea

What screwworm means for your beef prices

What screwworm means for your beef prices

China can build humanoids at scale. The hard part is finding enough buyers

Chinese humanoid robots are making waves with their ability to do backflips, direct traffic and even make coffee

Rahm Emanuel's uphill climb in New Hampshire tests a 2028 presidential bid

Rahm Emanuel has been making moves in New Hampshire, hinting at a possible return to Washington politics

Democratic group launches ad campaign to help flip control of Congress in midterm elections

A Democratic group that previously focused on presidential races is wading into more than a dozen House and Senate contests across the country

The Strait of Hormuz is ‘leaking’ oil

The Strait of Hormuz is ‘leaking’ oil

Knicks fever sweeps New York for Game 3 of the NBA Finals against the Spurs

Spike Lee wore a Pope Leo Knicks jersey

The rise and fall of 'The Hills' star Spencer Pratt's improbable campaign for Los Angeles mayor

Spencer Pratt’s improbable rise from reality television personality to national political sensation ended when he failed to qualify for the runoff to challenge Los Angeles Mayor Karen Bass

Pentagon labels tech giant Alibaba and electric car maker BYD as aiding Chinese military

The Pentagon has added several prominent Chinese businesses to its list of Chinese military companies

Xi and Kim push for greater ties between China and North Korea

Chinese President Xi Jinping and North Korean leader Kim Jong Un have underscored their commitment to deepen cooperation in a closely watched summit

OpenAI files confidential SEC paperwork for IPO, opening the door to a Wall Street debut

OpenAI has filed preliminary paperwork to potentially become a publicly traded company

Nestle's private equity partner exits bidding for Perrier business, Bloomberg News reports

Consumer giant Nestle SA's long-time private equity partner PAI Partners has dropped out of bidding for its water business, which includes brands such as Perrier, Bloomberg News

OpenAI files for IPO, the latest in a stream of possible AI mega-sales

OpenAI files for IPO, the latest in a stream of possible AI mega-sales

Iran and Israel say they have halted strikes on each other for now

Iran and Israel said on Monday they had halted attacks on each other after an appeal from U.S.

Wall Street holds steadier as AI stocks recover some of their sell-off

Wall Street held steadier and recovered some of its sell-off from last week

US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

New government data released Monday shows U.S. airlines spent nearly $6.5 billion on jet fuel in April

Apple bets on overdue Siri fix to close AI gap

Apple on Monday rolled out a long-delayed overhaul of Siri, betting the

Sam Bankman-Fried asks Trump for a pardon

Sam Bankman-Fried asks Trump for a pardon

Apple finally lays out its AI plans with a brand new version of Siri

Apple finally lays out its AI plans with a brand new version of Siri

Apple unveils an upgraded Siri voice assistant with new AI features at its annual conference

Apple is unveiling new artificial intelligence features at its annual developers conference

Federal judge voids Trump’s $100,000 fee requirement for H-1B visas

Federal judge voids Trump’s $100,000 fee requirement for H-1B visas

Intesa launches $35 billion Monte dei Paschi bid to redraw Italy's financial map

Italy's top banking group Intesa Sanpaolo made a €30.6 billion ($35 billion) unsolicited cash-and-share bid on Monday to

Airline chiefs slam engine makers for delays at industry summit

 Commercial jet enginemakers faced renewed pressure from airline CEOs on Monday, as

Oil prices settle $1 higher after Iran and Israel say they have halted attacks

Oil prices settled $1 higher after rising more than 5% earlier in the session on Monday as Iran and Israel said they had halted attacks on each other

Albania's Rama vows to push on with Kushner-linked luxury resort despite protests

Albania will plough on with a luxury resort planned by Donald Trump's son-in-law Jared Kushner on a remote stretch of Balkan coast despite persistent

Ukrainian strikes set off fires at oil facilities in Russia and Crimea

Ukrainian forces have struck oil facilities in Russia and occupied Ukraine as part of their campaign to impose economic costs on Moscow

Veteran declared dead twice by government, losing disability benefits both times

Veteran declared dead twice by government, losing disability benefits both times

Why the director of national intelligence needs more than political loyalty to do the job

The newly named director of national intelligence is a Trump political ally who has no experience in national security. A veteran of the field says it matters who holds the job.

Ivanka Trump plans a luxury resort on a protected beach. Locals and conservationists aren’t thrilled.

Ivanka Trump plans a luxury resort on a protected beach. Locals and conservationists aren’t thrilled.

IMF financial stability chief Adrian to step down August 31

The International Monetary Fund said on Monday that Tobias Adrian, who led the IMF's Monetary and Capital Markets Department through numerous shocks including COVID-19,

UK regulator sues Woodford, his new service over 'unauthorised' investment advice

Britain's financial regulator said on Monday it was suing former fund manager Neil Woodford and his new investment service, accusing them of providing regulated investment

Dollar eases as Iran and Israel agree to halt strikes

The dollar eased on Monday but hovered near its highest level in nearly two months, after Iran and Israel agreed to halt attacks

Stocks bounce back, oil pares gains as Iran and Israel signal a pause

MSCI's global equities index fell slightly on Monday but Wall Street saw some support from a bounce in technology stocks while oil

US derivatives regulator drops move to SEC offices; will remain in current HQ

The top U.S. derivatives regulator has scrapped a plan to move its staff into the U.S.

US public's inflation expectations largely unchanged in May, New York Fed survey shows

By Michael S.

Mexico inflation likely slowed again in May, still above cenbank target

Mexico's annual inflation likely slowed in May, a Reuters poll showed on Monday, reinforcing expectations that the central bank will maintain its interest rate at

Defying Trump with brief Iran fight, Israel seeks sway over peace talks

In launching renewed strikes on Iran on Monday in apparent open defiance of Donald Trump, Israel has tried to make its case to

S&P 500, Nasdaq rise as tech, chipmakers rebound

U.S. stocks ended mostly higher on Monday, led by gains in the Nasdaq and chipmakers as investors sought bargains after Friday's sharp

Americans ‘don’t like the look of things’ and are growing more worried about their job and their finances

Americans ‘don’t like the look of things’ and are growing more worried about their job and their finances

A watchdog report flags security risks in the IRS-ICE taxpayer data-sharing deal

A new Treasury inspector general report raises concerns about Immigration and Customs Enforcement's ability to safeguard taxpayer information

Window washer cleans small business windows for free, helps owners go viral on social media

Window washer cleans small business windows for free, helps owners go viral on social media

US adds visa restrictions for Nicaraguans over death of indigenous leader

The United States imposed additional visa restrictions Monday on more than 100 Nicaraguan officials and their family members over the death of indigenous leader Brooklyn

Yields mixed after jobs data lifts Fed hike odds

U.S.

Australia, Canada, Japan trade bodies fret over being left out in made-in-Europe drive

Europe's push to cut its reliance on U.S.

Lilly shares rise on hopes that next-gen drug will extend lead in weight-loss market

Eli Lilly shares rose 4% on Monday, driven by compelling new data for its next-generation obesity drug, retatrutide, with analysts and investors expecting it to extend the

UK financial regulator softens proposed change to UK money market fund rules

Britain's financial regulator on Monday slightly softened its proposals for money market funds to hold more liquid assets which are designed to ensure they are resilient

Campbell's sticks to annual targets as US consumers tighten spending

Packaged food maker Campbell's reaffirmed annual forecast on Monday, after trimming it earlier this year, and said the Middle East conflict is piling pressure on

Wall St opens higher as chip stocks rebound, Middle East tensions ease

Wall Street's main indexes opened higher on Monday, bouncing back from a sharp selloff in the prior session, aided by a recovery in chip stocks and signs of easing tensions in the

India-US trade deal can be finalised after tariff probe concludes, official says

India is pushing for preferential new tariffs from the United States as part of talks to finalise an interim trade deal with Washington, an Indian

Alphabet taps Intel to make three million in-house chips, The Information reports

Alphabet's Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with

Cerebras shares climb as Wall Street brokerages back AI chip strategy

Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer's unconventional AI strategy

Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US

Amazon said on Monday it has signed a multi-billion-dollar deal with specialty glass maker Corning aimed at boosting U.S. production of optical fiber and connectivity products that

LATAM Brasil trims capacity plans on fuel costs, cuts seen into third quarter

LATAM Airlines' Brazilian unit is expected to trim capacity by about 3% in July compared with its initial plans for the

China car sales downturn extends into May as VW tests EV revamp

China's car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through

A gender reveal mishap sparked a deadly wildfire. Who’s being held accountable is unusual

A gender reveal mishap sparked a deadly wildfire. Who’s being held accountable is unusual

China's Xi vows unwavering support for North Korea's Kim in rare Pyongyang visit

China will not swerve from its commitment to safeguarding common interests with North Korea or waver in its support for Kim Jong Un, President

Both Democrats and Republicans give millions to universities in earmarks – but not in the same way

Democrats tend to give less than Republicans when it comes to earmarked funding for universities – but they give more to minority-serving institutions.

Soaring fertilizer prices dim Brazilian farmers' edge over US rivals

June 8 - Brazil's cheap, abundant land has long helped the country's farmers create vast, low-cost farms,

Five ways Elon Musk's SpaceX upended Wall Street's IPO playbook

Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker SpaceX goes public, in ways that no other company

Reuters poll: UK home prices to rise less than previously thought on fears of higher borrowing costs

British home prices will rise less than previously predicted this year and dip in the once flourishing London market as expectations for higher borrowing

'They're betting our herd': Texas ranchers question USDA as screwworm returns

Like many ranchers in South Texas, Susan Storey said nightmarish screwworm outbreaks were among her first childhood memories.

5 ways data centers endanger their local communities and the country as a whole

Even as they create and enable expansive virtual worlds, data centers are physical buildings in real communities around the nation and the globe.

Honeywell reaffirms annual forecast ahead of aerospace spinoff

Honeywell reaffirmed its annual adjusted profit and sales forecast on Monday, as it prepares for a spinoff of its aerospace business in the coming weeks.

Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal

Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that

Yemen's Iran-backed Houthis threaten Israeli shipping in the Red Sea

Yemen's Iran-aligned Houthis said on Monday that they would ban Israeli maritime navigation in the Red Sea, adding to challenges for global shipping through the Middle East

Why the Iran-aligned Houthis threatening Red Sea shipping could mean more for the oil market this time

June 8 - Yemen's Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global

Why the World Cup is a ‘make or break’ moment for alcohol

Why the World Cup is a ‘make or break’ moment for alcohol

FIFA and Infantino draw bipartisan skepticism ahead of the World Cup

FIFA President Gianni Infantino recently addressed U.S. city leaders, joking about soccer "conquering" America as the World Cup approaches

Citigroup lifts S&P 500 year-end target to 8,100 on earnings strength, AI 'supercycle'

Citigroup became the latest Wall Street brokerage to raise its 2026-end target for the S&P 500 index beyond the 8,000 mark, citing resilience in corporate

Japanese investors make biggest foreign stock exit in five years in May

Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run

Panasonic to start US data centre battery production by fiscal 2028

Panasonic Holdings

UK watchdog begins formal review of eBay's purchase of Depop

Britain's competition regulator said on Monday it would begin formally reviewing eBay's planned acquisition of Gen-Z focused fashion resale platform Depop after ending the first

Mauritius has not received US proposal on Chagos Islands

Mauritius said on Monday that it had not received any proposal from the Trump administration on the Chagos Islands, after the Telegraph reported that the White House was

Chip rout puts Korea's 'ant' investors to the test as margin debt soars

Seoul resident Laura Byun has long preferred U.S. mutual funds over Korean shares, but the KOSPI's blistering rally changed that and her risk

Chip chill, jobs heat and war

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Wall Street is holding its breath after Friday’s withering chip

Prabowo's populist policies propel a 'doom-loop' in Indonesian markets

Indonesian President Prabowo Subianto is losing the trust of investors and his growth agenda risks being undone by a

Wizz Air to offer Starlink in-flight internet from 2027

Wizz Air said on Monday that it would offer Elon Musk's Starlink satellite internet across its fleet from next year, becoming the first European ultra-low-cost carrier to do so.

A Japanese mayor is making history — by taking maternity leave

A Japanese mayor is making history — by taking maternity leave

South Korea's KOSPI craters over 8% as Fed fears spark tech rout

South Korea's stock benchmark plunged over 8% on Monday,

Fall in Hungary's inflation, risk premia likely lowered required rate level, central banker says

A fall in Hungary's inflation and risk premia has likely lowered the interest rate level needed for price stability, but the central

India inflation likely rose to 4% in May as food, fuel costs climb: Reuters poll

India's inflation likely rose to the Reserve Bank of India's medium-term target of 4% in May, driven by a pickup in vegetable prices and higher fuel

Europe's STOXX 600 closes subdued as oil rally fades; Italian banks in focus

Europe's STOXX 600 share index closed subdued but above session lows on Monday, as oil prices pared earlier gains following

Kosovo prime minister looks to other parties for cooperation after election win

Kosovo Prime Minister Albin Kurti called for cooperation from other parties to end 18 months of political deadlock after his Vetevendosje party came out

Private jet market defies Iran war gloom as rich flock to Monaco GP, Cannes

As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a

Nvidia clinches deals with South Korean giants including SK Group to advance AI boom

Nvidia on Monday announced a series of deals in South Korea with tech giants including SK Hynix and Naver, as it looks to secure crucial

Chinese military hovered as global executives flocked to Taiwan tech show

By Ben Blanchard, Max A.

Businesses fear for economy if Swiss vote to cap population at 10 million

Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

Goldman Sachs expects the U.S.

China exports set for strong May on front-loaded orders, chip demand: Reuters poll

China's export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war,

China's global e-commerce push stalls as Iran war lifts costs, dampens demand

China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in

How a few AI chip giants warped Asia's stock picking game

Sam Konrad's stocks are having a fantastic year, thanks to AI-fueled rallies in Taiwan and South Korea, but his fund is so top

Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted

The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran's ambassador to Moscow was quoted as saying on Monday.

Blistering AI rally turns ugly

A look at the day ahead in European and global markets from Rae Wee An ugly selloff in technology stocks swept across Asia on Monday as investors slammed the brakes on the red-hot AI rally, with a

FAA lifts brief ground stop at San Francisco International Airport

The U.S.

Vietnam cbank vice governor says country will lean towards fiscal policy to meet growth target

Vietnam will lean towards expansionary fiscal policies to meet the government's economic growth target, with the room narrowing for monetary policy, the country's deputy

Bank of England's Taylor sees rates on hold barring worst-case scenario

Bank of England policymaker Alan Taylor said interest rates at their current level were restrictive for the economy and he did not see the need for an increase to tackle

Peru set for lengthy count as presidential race too close to call

Peru's presidential race is set for another drawn-out count after early results on Sunday showed the race was too close to call.

Tech stocks dive as Fed bets rattle AI rally

Asian markets extended last week's bruising selloff with high-flying semiconductor stocks taking the heaviest beating and South Korea's KOSPI sinking more than 4.5%.

Taiwan says China Coast Guard patrols to its east are 'provocative act'

Chinese Coast Guard patrols to the east of Taiwan are a "provocative act" and the military will closely coordinate with the island's Coast Guard in

Ipsos quick count shows statistical tie in Peru's presidential race

An early tally by pollster Ipsos shows that Roberto Sanchez is leading Peru's presidential race with 50.3% compared to Keiko Fujimori's 49.7%, a statistical tie according to

India Inc hikes prices, shrinks packs as Iran war squeezes margins

From smaller packs on shelves to higher prices at checkout, Indian companies are scrambling to protect their margins

Soccer-Perez wins Real Madrid vote to extend reign after rare election challenge

Florentino Perez survived Real Madrid's first genuine presidential contest in two decades in the early hours of Monday, securing four more years at the

Trump faces new Republican resistance in Congress as midterm pressures build

(This June 7 story has been repeated with no changes to the text.)

Israel says Iran launched missiles at it in first such bombardment since fragile ceasefire

Israel says Iran has launched missiles at it in the first such bombardment since a fragile ceasefire took effect in early April, complicating mediation efforts for a deal to end the war

China says 'illegal' outbound investment crackdown won't lead to forced liquidation

China's crackdown on "illegal" cross-border investment won't lead to mainlanders' offshore accounts being closed and assets liquidated forcibly, the securities regulator said, amid

UK pay settlements hold at 3.5% for second month, IDR survey shows

Pay settlements awarded by British employers held steady in the three months to April despite an increase in the country's minimum wage, according to a survey that was

Japan's economy cools on weak capex in Q1, revised data shows

Japan's economy lost momentum in the January-March quarter from the previous three months on sluggish capital expenditure, revised gross domestic product

UK firms pause hiring as Iran war stings, REC survey shows

Britain's jobs market cooled rapidly in May after employers put the brakes on permanent hiring after the Iran war heightened cost pressures and uncertainty about the

Passenger used suspected fake boarding pass to sneak onto United flight, forcing plane back to gate, authorities say

Passenger used suspected fake boarding pass to sneak onto United flight, forcing plane back to gate, authorities say

Airbus notifies A320neo series customers of delays on jets due in 2027 and 2028, Bloomberg News reports

Airbus SE has been notifying some customers of delays on A320neo series jets that are due to be delivered in 2027 and 2028, Bloomberg News reported on Sunday, citing people familiar

Trump says he will press Israel to hold back after Iran retaliates for Beirut attack

U.S.

US considers buying Chagos Islands, Telegraph reports

The White House is considering a plan to buy the Chagos Islands from Mauritius, the Telegraph reported on Sunday.

Iran rejects idea of using its assets to pay damages to US allies

Iran's Deputy Foreign Minister Kazem Gharibabadi said on Sunday that regional governments were "not in a position to demand reparations", responding to what he

Initial results show Prime Minister Kurti's party won most votes in early election in Kosovo

The ruling party of Kosovo’s Prime Minister Albin Kurti appears to have won most votes in an early parliamentary election

South Africa's Ramaphosa vows crackdown on groups behind xenophobic attacks

South Africa will crack down on groups behind xenophobic violence, President Cyril Ramaphosa said on Sunday, as anti-immigrant protests tarnish the country's reputation.

United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under

LATAM CEO sees more airline capacity cuts if fuel shock persists

LATAM Airlines Chief Executive Roberto Alvo said the airline industry may need to cut capacity further if elevated fuel

NASA to wear Prada as luxury group pushes into space industry

Italian fashion house Prada <1913

Ukraine’s deadly strikes are bringing the war home to Russians, and discontent is bubbling up

Ukraine’s deadly strikes are bringing the war home to Russians, and discontent is bubbling up

Intel was on the brink of downfall. A twist in the AI race could boost its revival

Intel was on the brink of downfall. A twist in the AI race could boost its revival

Trump dismisses idea that Iran betrays his 'no new wars' campaign message

President Donald Trump is dismissing the idea that launching the war with Iran betrayed his refrain of “No new wars” as he campaigned for the White House in 2024

Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access

Cryptocurrency exchange Bybit said it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering price, starting with SpaceX as its first

Armenians vote in general election under Russian pressure aimed at preventing a drift toward West

Armenians are voting in a parliamentary election as the government seeks to loosen ties with Moscow and increase cooperation with the West

Trump says he would not unfreeze Iran's assets before peace deal is done

U.S.

Global airlines slash 2026 profit forecast on fuel shock from Iran war

The global airline industry nearly halved its 2026 profit forecast on Sunday, citing

Taiwan coast guard 'expels' Chinese ships from restricted waters

Taiwan's coast guard said on Sunday that its ships had "expelled" four Chinese government ships that entered restricted waters off the island's south after the two sides

How can retail investors buy shares in SpaceX's IPO?

SpaceX's long-awaited initial public offering, expected to fetch a $1.75 trillion valuation, has set off a frenzy among retail investors clamoring

Boo who? Gen Z loves horror because real life has scared them plenty

Boo who? Gen Z loves horror because real life has scared them plenty

The founder of a private company accused of mistreating ICE detainees came to the US via Ellis Island in 1953

The founder of a private company accused of mistreating ICE detainees came to the US via Ellis Island in 1953

Swiss firms invest $27 billion in US after tariff deal, NZZ am Sonntag reports

Swiss companies invested $27 billion in the United States between January and April, as Switzerland moves to fulfil a pledge to sharply increase investment following a

US troops, families adjust to new normal of Iran war

Fourteen weeks after President Donald Trump ordered an attack on Iran, the U.S. military is adjusting to an unusual state of conflict that is not full-

Armenians vote with peace efforts and Russia in focus

Armenians voted on Sunday in a parliamentary election seen as a test of the government's efforts to forge a peace deal after a crushing military defeat

From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending

U.S. consumers haven’t stopped spending since the Iran war drove up fuel prices

Case for joint European debt is compelling, ECB's Patsalides says

It is time for Europe to give up its long-standing political resistance to joint debt issuance, as a large-scale safe asset would bolster the bloc's sovereignty and

With China's Xi in North Korea, Kim to project confidence, defiance

North Korean leader Kim Jong Un welcomes Chinese President Xi Jinping to Pyongyang on Monday, feeling in a position of strength with a firm

OpenAI plans ChatGPT 'superapp' overhaul ahead of listing, FT reports

OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a "superapp" with coding tools and AI agents to boost revenue ahead of a potential stock market listing,

Pope Leo XIV urges Spain to stop fanning flames of polarization on first papal visit in 15 years

Pope Leo XIV is urging Spaniards to stop “fanning the flames of polarization” as he arrived in Spain

Etihad Airways orders widebody planes, sees return to pre-war capacity in June

Etihad Airways is ordering more widebody planes as the Middle East carrier expects to be flying about 8% more than a year ago by June 15, CEO Antonoaldo Neves said

Hollywood workers rally against Paramount-Skydance deal

As he spoke at a gathering on Saturday to protest Paramount Skydance's proposed acquisition of Warner Bros.

Bouygues-led consortium signs $23.44 billion deal to buy SFR from Altice France

Bouygues Telecom, Orange and Free-iliad Group said on Saturday they

US gives Hungary's MOL more time for talks to buy Serbian oil firm NIS 

Hungary's largest oil and gas corporation, MOL MOLB.BU, has been granted more time by the U.S. government to negotiate the purchase of a majority stake in Serbia's NIS

Even Trump says he doesn’t know ‘where the hell’ his own false claim about Black unemployment came from

Even Trump says he doesn’t know ‘where the hell’ his own false claim about Black unemployment came from

Boeing can provide aftermarket support to China for 200-jet order, executive says

Boeing’s top services executive said on Saturday that the planemaker can provide aftermarket parts support to China to back a 200-plane order announced

Alaska Air says demand, fares could support second-half cash flow despite fuel shock

Alaska Air Group is hopeful it can reinstate its financial guidance on its second-quarter earnings call if fuel prices show more stability,

A new exchange of fire with Iran in the Gulf tests the fragile ceasefire

Iran has fired ballistic missiles and drones toward Bahrain and Kuwait

Embraer sees airlines delay option decisions as Iran war clouds industry

Some airlines are delaying decisions to exercise aircraft purchase options amid uncertainties related to the war in Iran, which has pushed up jet

Embraer sees airlines delaying decisions on plane purchase options due to Iran war

Some airlines are delaying decisions on whether to exercise aircraft purchase options amid uncertainties related to the war in Iran, which has

High fuel costs to trigger airline failures and consolidation, industry chief says

Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this

Screwworm border closure fuels beef boom in Mexico, gloom in Texas

Lubbock Feeders has been fattening cattle in West Texas since Dwight Eisenhower was U.S. president.

US strikes Iranian sites after Iran launches drones in latest Gulf flare-up

U.S. forces struck Iranian coastal radar sites on Saturday after shooting down drones launched by Iran

California police roll out AI-powered body cameras that translate over 50 languages in real time

California police roll out AI-powered body cameras that translate over 50 languages in real time

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Deferring jet orders due to uncertainty and higher jet fuel prices caused by the war in Iran would be unwise for Middle Eastern

Make It Make Sense: How does Costco sell cheaper gas?

CNN Business Executive Editor David Goldman joins CNN's Wolf Blitzer in the Situation Room to explain how Costco manages to keep its gas prices lower than most other gas stations.

Air New Zealand plans for elevated fuel costs into 2027

Air New Zealand has offset only 25% to 40% of the hit from higher fuel prices through hedging and fare increases, Chief Executive Nikhil

Brazilian airline Azul plans further frequency cuts as fuel shock bites

Brazilian airline Azul is stepping up capacity cuts amid higher jet fuel prices linked to the Iran war, and the carrier will continue to trim

Airline chiefs grapple with fuel shock, fare test at Rio summit

Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-

Colombia's presidential runoff could impact the future of the Amazon rainforest and fossil fuels

Colombia’s presidential runoff between Iván Cepeda, an ally of President Gustavo Petro, and lawyer Abelardo de la Espriella, who has been endorsed by U.S. President Donald Trump, could have major implications for the Amazon rainforest, fossil fuel development and Indigenous communities

Vulnerable Republicans increasingly willing to defy Trump’s agenda as midterms approach

Vulnerable Republicans increasingly willing to defy Trump’s agenda as midterms approach

Why sky-high ticket prices have sent fans searching for alternative ways to get a World Cup experience

Why sky-high ticket prices have sent fans searching for alternative ways to get a World Cup experience

Lithuania's Social Democrats remove junior party from coalition government, seek new partner

Lithuania's ruling Social Democrat party voted on Saturday to remove the populist Nemunas Dawn, whose leader was sentenced for antisemitism, from the

Mock political party for India's young 'cockroaches' holds first street protest

The Cockroach Janata Party, a satirical online movement, has taken its first steps into real-world politics

China urges fund managers to support innovation, warns against concept hype

China's top securities regulator on Saturday urged the country's $13 trillion fund industry to support

Ukraine targets St. Petersburg again after Putin rejects Zelenskyy's offer for direct talks

Residents of St. Petersburg have been told to stay indoors after a large-scale Ukrainian drone attack targeted the city

Armenia prepares for an election that could reshape ties with Moscow and the West

Armenia's parliamentary elections Sunday will focus on its geopolitical future as Prime Minister Nikol Pashinyan seeks closer ties with the EU and the U.S. That is despite Armenia's longstanding relations with Russia that are favored by most of the country's opposition parties

Russia's Sechin says US companies benefit from Strait of Hormuz closure

By Vladimir Soldatkin and Olesya Astakhova ST.

Traders face big losses after Uganda closes Congo border over Ebola contagion fears

Ugandan authorities have tightened border controls with Congo to prevent Ebola's spread

Indonesia central bank, finance minister agree to boost asset yields to aid rupiah

Indonesia's central bank chief and finance minister on Saturday agreed to increase yields on Indonesian

Lululemon shares drop as forecast cut spotlights challenges for incoming CEO

(Repeats to insert interactive version of graphic in June 5 story. No changes to text.)

US Senator Warren prods prediction markets regulator over bias, interference reports

Senator Elizabeth Warren, the top Democrat on the U.S.

Taiwan says Chinese coast guard, research ships near key S. China Sea islands

Taiwan said on Saturday that a Chinese coast guard ship and a survey ship had carried out the first coordinated operation to "provoke" Taiwan, in waters around strategically

Musk's SpaceX IPO jolts life back into European retail investing

European retail investors are among those jockeying for a piece of the

SpaceX IPO running at two times oversubscribed, sources say

SpaceX has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is seeking to raise, said two people

US states preparing lawsuit to block Paramount's acquisition of Warner Bros, sources say

California, New York and other U.S. states are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros, sources familiar with the

Saks Global wins court approval for bankruptcy restructuring

Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury retailer to exit from Chapter 11 with a smaller

Putin rebuffs Zelensky’s call for face-to-face talks, saying there is ‘no point’

Putin rebuffs Zelensky’s call for face-to-face talks, saying there is ‘no point’

What to know about Pope Leo's trip to Spain, from political scandal to Barcelona's architectural gem

Pope Leo XIV’s weeklong visit to Spain will bring him to a once-staunchly Catholic country that has long been in the throes of waning religious practice

India’s youth are fuming. A Boston University graduate wants to fix that

India’s youth are fuming. A Boston University graduate wants to fix that

Donald Trump, Bernie Sanders and Sam Altman are all talking about public ownership in AI

OpenAI CEO Sam Altman has met with Sen. Bernie Sanders to discuss public ownership in AI companies — a meeting that highlighted the tension between AI powerhouses and policymakers

Taiwan needs to 'spend smarter' on its defence, senior US diplomat says

Taiwan needs to "spend smarter" on its defences and learn lessons from the Ukraine and Middle East wars on using drones to ensure the military balance with

Cuba to open hotel sector to management by Cubans at home and abroad after chains leave island

Cuba’s government says it is open to offering the management of the island's hotels to Cubans at home and abroad

Second Texas screwworm case confirmed as outbreak fears grow

A second case of the flesh-eating screwworm parasite was confirmed in Texas by the U.S.

Judge blocks Trump administration's attempt to link USDA funds to compliance with other policies

A judge on Friday blocked the U.S.

Democrat Xavier Becerra advances to general election in race for California governor

Democrat Xavier Becerra has advanced to the general election for California governor after pitching himself as an experienced choice to lead the nation’s most populous state

Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test

Marvell Technology is set to join the benchmark S&P 500 later this month, S&P Dow Jones Indices said on Friday, after the chipmaker cleared a key profitability hurdle riding an AI-

Boeing studying boost of 737 MAX plane production to highest-ever rate

As Boeing increases production of its best-selling 737 MAX from 42 to 47 jets a month, the U.S. planemaker is looking at how it can climb to 70 a month,

California to decide soon whether it will seek to block Paramount deal

California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters

In a visit to farm country, Trump extols ‘beautiful fountains’ back in Washington

In a visit to farm country, Trump extols ‘beautiful fountains’ back in Washington

UN food agency says millions are being pushed into hunger by Iran war

The U.N. food agency says millions of people are being pushed into acute hunger by the Iran war, as it warned would happen if the conflict escalated and oil prices remained high

Trump keeps the door open to a call with Taiwan's president even though China has warned against it

President Donald Trump is keeping open the possibility of speaking directly with Taiwan’s President Lai Ching-te— even after Beijing has publicly urged him not to

Trump says his team will 'look into' US taking stake in AI companies

U.S.

SEC's Sankey says superleague idea 'not consistent with the truth'

Southeastern Conference commissioner Greg Sankey said there’s no talk of a merger with the Big Ten and called the notion that the SEC wants to form a super league as “not consistent with the truth.”

Texas governor wants to speed up work on a fly-breeding factory to fight a cattle parasite

Texas Gov. Greg Abbott is concerned that a new factory isn’t expected to start work for more than a year on mitigating the New World screwworm fly infestation in his state

Chip selloff erases over $1 trillion in stock market value

U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and

Hot jobs report, rising rates send Wall Street's tech favorites sprawling

Wall Street's best run in three years ended unhappily on Friday, with investors taking flight from hot technology shares, safe government bonds and gold alike following a

Limited interest in latest oil and gas lease sale for Alaska's Arctic National Wildlife Refuge

Two corporations bid on a handful of leases during the latest oil and gas lease sale in Alaska’s Arctic National Wildlife Refuge

Protests in Mexico City capitalize on World Cup celebrations to pressure government

A range of social movements in Mexico are capitalizing on impending FIFA World Cup celebrations next week to put pressure on authorities and make demands

Can't afford sky-high tickets to see the Knicks in person? Trump says 'watch it on television'

President Donald Trump says he will attend Game 3 of the NBA Finals on Monday at Madison Square Garden — and says he doesn't have much sympathy for ordinary Americans who can't afford the sky-high ticket prices

Congo warns of 'rapid' community spread of Ebola, 71 new cases confirmed

Democratic Republic of Congo said on Friday that 71 new Ebola cases were confirmed in a 24-hour period and warned of rapid community transmission of the deadly disease.

Texas ranchers on edge after screwworm parasite detected in calf

The quiet Texas cattle town of La Pryor has become ground zero in the fight against screwworm after the first U.S. case in decades was detected

Stocks fall sharply as strong jobs data fuels rate hike bets; oil set for weekly gain

Shares fell sharply on Friday after a blowout jobs report fueled bets of a rate hike by the U.S.

Witkoff, Kushner meet nuclear experts at national lab in Tennessee, source says

U.S.

'Albania is not for sale', protesters say over Kushner-linked luxury resort near a protected wetland

Thousands of Albanians took to the streets of Tirana late on Thursday in the largest protest this week against a plan by a company linked to

Guinea president's coalition wins legislative majority, results show

Political parties backing Guinea's coup-leader-turned-President Mamady Doumbouya have won a majority in the bauxite-rich West African country's legislative elections, the

US adds $38 million for Ebola as CDC warns outbreak could match 2014

The United States said on Friday it would provide an additional $38 million for Ebola response efforts, as the CDC warned that

Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Bears say they are moving forward with Northwest Indiana location for new stadium

The Chicago Bears are looking to build a stadium in Northwest Indiana after a proposal to provide financial incentives for the NFL team to build its new home in Illinois stalled in the state legislature

Trump's deportation agenda is about to get a $70B infusion from Congress

With virtually no strings attached, Congress is on the verge of providing a massive infusion of cash to the Homeland Security Department

USDA expects to contain screwworm case in Texas, Rollins says

U.S.

FBI investigates cyberattack on Iowa’s Karl Auto Group

FBI investigates cyberattack on Iowa’s Karl Auto Group

The US job market is strong but many Americans are still frustrated by prospects and rising prices

U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war

Zelenskiy's letter to Putin was intended for other ears

President Volodymyr Zelenskiy's open letter offering face-to-face peace talks to end the war in Ukraine was addressed to Russian President Vladimir Putin but

New York passes bill banning prices based on personal data

New York state lawmakers on Thursday passed a ban on businesses setting individualized prices for consumers based on their personal data, in the strongest move yet by

Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears

Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline since

How Costco sells such cheap gas

How Costco sells such cheap gas

Trump administration puts in writing to courts that the $1.8B ‘anti-weaponization’ fund is dead

Trump administration puts in writing to courts that the $1.8B ‘anti-weaponization’ fund is dead

FACT FOCUS: Is inflation a red state vs. blue state issue? It's increasing no matter how you cut it

Inflation is rising again, squeezing budgets and making essentials harder to afford

Putin rejects Zelenskyy's offer to meet, saying he sees 'no point' in it

Russian President Vladimir Putin has rejected a proposal by Ukrainian President Volodymyr Zelenskyy for a face-to-face meeting, saying he sees “no point” in it

A federal judge strikes down Trump administration immigration policy affecting 39 countries

A federal judge has struck down a Trump administration policy enacted after the shooting of two National Guard members that made it harder for immigrants from dozens of countries to stay and enter the country

Operator of S&P 500 decides against fast-tracking 'MegaCap' IPOs into its stock indexes

S&P Dow Jones Indices has decided not to change its guidelines for including large "MegaCap" companies in its stock indexes

Embraer takes off after Azorra deal lifts E2 program past 500 orders 

Brazilian planemaker Embraer said on Friday it has secured an order for 15 E195-E2 aircraft from lessor Azorra, sending its shares up about 5%.

LinkedIn co-founder Reid Hoffman to step down from Microsoft's board

Reid Hoffman, billionaire co-founder of networking website LinkedIn, has decided not to stand for re-election to Microsoft's board of directors at its 2026 annual shareholder

Airbus in limbo over early launch of larger A220, sources say

Airbus is wavering over when to launch a larger A220 jet due to a muted response from powerful leasing companies and a debate

US judge strikes down Trump policies targeting immigrants from 39 countries

A federal judge on Friday ruled that U.S.

Cargill in talks to sell metals unit to Macquarie, sources say

Cargill is in talks to sell its metals unit to Macquarie Group, five sources with knowledge of the matter said, as

US official tells Putin: 'Good Hello' from your friend President Trump

Rodney Mims Cook Jr., chairman of the U.S. Commission of Fine Arts, conveyed a "good hello" to Russian President Vladimir Putin from U.S.

Law firm Morgan & Morgan explores stake sale, eyes long-term IPO, sources say

Morgan & Morgan, the largest U.S. personal injury law firm, has hired JPMorgan to explore a minority stake sale that could pave the way

Study warns biodiversity loss could trigger wave of debt crises

Financial markets are underestimating the economic risks of biodiversity loss, potentially exposing countries to sovereign debt crises and sharply higher

Oil prices fall on mounting hopes for de-escalation in US-Iran War

Oil prices fell on Friday as traders gained confidence that renewed conflict between the U.S. and Iran was growing less likely.

Texas grid flags risks as data centers, crypto sites fail voltage tests

Several large data centers and crypto facilities planning to connect to the Texas power grid ahead of peak summer demand have failed key reliability tests, raising

Remaining ‘60 Minutes’ correspondents say they’re staying

Remaining ‘60 Minutes’ correspondents say they’re staying

US rate futures lift rate hike odds in December after strong jobs report

U.S. interest rate futures on Friday increased the chances that the Federal Reserve will raise interest rates by the December policy meeting

Beyond the pitch: Brokerages bet on sector winners as soccer World Cup set to kick off

The 2026 FIFA World Cup will inject billions of dollars into host economies, driven by a massive consumption surge that will benefit sectors as

BoC expected to hold rates through 2026, look past temporary inflation pressures: Reuters poll

By Nushaiba Iqbal BENGALURU, June 5 - The Bank of Canada will hold its key overnight rate at 2.25% on June 10 and for the rest of the year, according to a majority of economists polled by Reuters,

US says it issued sanctions on network smuggling Iranian LPG

The U.S.

Putin says he currently sees no reason to meet Ukraine's Zelenskiy

Russian President Vladimir Putin said on Friday he currently saw no reason to meet Volodymyr Zelenskiy after the

Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says

Companies that borrowed oil from the U.S.

Commerzbank says UniCredit tender acceptances reach 7.85% in bid battle

Commerzbank said on Friday that shares equivalent to 7.85% of its capital have so far been tendered under UniCredit's €40 billion takeover bid, as the two

EU weighs rules to cut reliance on China through broader supply chains

The European Commission is weighing legislation that could force companies in sensitive sectors to cut reliance on single suppliers - notably in China

Global oil inventories depleted, next price spike could roil economies, markets

Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has

Trump’s troop reversals in Europe could cost millions and have left soldiers in limbo, officials say

The U.S. military is waiting for clarity from the Pentagon following President Donald Trump’s back-and-forth on troop levels in Europe

Anthropic urges industry coordination to allow for a 'pause' in AI development if risks grow

Anthropic is proposing that top AI companies coordinate a way to pause the development of advanced AI systems if they become too dangerous

Some of the most dedicated World Cup fans skipping this year's tournament, citing costs and politics

The 2026 World Cup has drawn intense criticism from globe-trotting fans who over the years have helped define the tournament's festive atmosphere

ICE will no longer report deaths of detainees who have recently been released from custody

Immigration and Customs Enforcement will no longer report the deaths of detainees who have been released from custody, in a change that could obscure the human cost of the Trump administration's mass detention policies

Helene's impact on homelessness in North Carolina will take time to resolve, advocate says

Helene's impact on homelessness in North Carolina will take time to resolve, advocate says

Treasury warns banks of 'red flags' tied to customers in the US illegally

The Treasury's financial crimes unit is warning banks about the risks of serving people living in the country illegally

Norway rejects US claim on forced labour, opposes tariffs

Norway rejects a U.S. assessment that the Nordic country has failed to prevent forced labour, its foreign minister told Reuters, adding that the allegation was unfounded and should

Hedge funds see May returns boosted by buoyant markets, sources say

Hedge funds, particularly those trading stocks, beat global benchmarks in May as rising equities led by the U.S. tech sector buoyed the returns of traders.

Private credit boom cools as lending, flows slow sharply

Private credit's rapid expansion is losing momentum, with U.S.-focused direct lending issuance slowing in recent months and fundraising still below its

Turkey targets more defence sales as West rearms, alliances shift

Two decades of state investment have transformed Turkey into a major exporter of drones and other military equipment, and the NATO member

Instant View: Strong May jobs number sends yields, rate expectations higher

The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year and sending short-

Gazan fishermen patch up dinghies with door frames to keep themselves afloat

In a Gaza workshop, a group of men patch up pleasure dinghies with reclaimed fibreglass, wood and door frames pulled from the rubble, racing to get the boats

S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall

The S&P 500 and the Nasdaq dropped at market open on Friday as chip stocks eased after a sharp rally, while a

Switzerland agrees joint military plan with France for G7 summit

Switzerland has agreed a military cooperation plan with neighbouring France for the upcoming gathering of world leaders at the Group of 7 summit in mid-June, the government

Dollar firms after strong US jobs data, pushes yen through 160 level

The dollar was higher on Friday and set for a more than 1% weekly gain after the ‌U.S. economy posted another month of strong employment gains in May.

What issues do the US and Iran need to resolve for any peace deal?

Here are the main issues between the United States and Iran as they seek a deal to end their war, which is now in its fourth month:  HORMUZ AND GULF BLOCKADE Iran's closure

Canada's Ivey PMI rises to eight-month high in May

Canadian economic activity expanded at a faster pace in May and inflation pressures heated up, Ivey Purchasing Managers Index (PMI) data showed on Friday.

Private credit roundup: Private equity catches the cold

Stresses in private credit are spilling into adjacent private equity markets.

Iran declares support for Hezbollah with wider peace deal in doubt

Iran has reaffirmed support for its Lebanese ally Hezbollah and demanded that Israel withdraw from southern Lebanon, underscoring

US job report strikes a hawkish note as Fed's Warsh takes the baton

The blowout U.S. job report released on Friday is likely to further ease concerns among Federal Reserve officials about labor market weakness and

Franklin Resources' Wamco to pay $100 million SEC fine over former star manager's trades

Western Asset Management Co, a unit of Franklin Resources, will pay a $100 million civil penalty to resolve U.S.

Trump administration asks banks to monitor employers paying unlawful workers

The U.S.

The US economy added 172,000 jobs last month, extending the labor market rebound

The US economy added 172,000 jobs last month, extending the labor market rebound

US stock futures extend declines after May non-farm payrolls data

U.S. stock index futures extended declines on Friday after a stronger-than-expected jobs report further fueled expectations for the Federal Reserve to hike interest rates this year.

Auction of oil drilling rights in Alaska wildlife refuge draws tepid response

The Trump administration's Friday auction of oil and gas leases in Alaska's Arctic National Wildlife Refuge attracted only $3.7 million in winning bids for five

US posts another month of strong job gains in May; unemployment rate steady at 4.3%

The U.S. economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last

Canada reports unexpectedly strong job growth, drop in unemployment

Canada's economy added 87,800 jobs and the unemployment rate fell to 6.6% in May, data showed on Friday, defying widespread expectations of only modest

Building more renewable energy sources means rethinking land use for agriculture and conservation

Generating solar power requires a lot of land – but which land should it be? And what else can be done on that land?

How businesses with ties to Jeffrey Epstein saw norms – and even share prices – suffer

The more Epstein-connected directors a company had, no matter its size, the more likely it was to have governance problems.

Trump, campaigning for Republicans in Wisconsin, vows quick end to Iran war

U.S.

Blockbuster SpaceX IPO set to test high-flying US stocks rally

The long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible

China to tighten oversight of private investment funds

China on Friday tightened oversight of the country's 23 trillion yuan ($3.40 trillion) private fund industry, in a bid to reduce financial risks and channel money

Sanctioned Russian billionaire says high interest rates have set 'trap' for economy

Some of Russia's richest businessmen complained on Friday about the central bank's tight monetary policy, with one saying it had created a "

Montenegro is ‘within reach’ of joining the EU by 2028, von der Leyen says after Balkans summit

Montenegro is on track to join the European Union by 2028, according to EU leaders and the country's president

Senior Chinese official Cai Qi tapped as head of central party school

Chinese President Xi Jinping's right hand man, Cai Qi, has been appointed as head of the elite Central Party School, a move analysts say cements his position as perhaps

Senate Democrats block surveillance authority over Pulte appointment

A showdown over U.S.

US forces board sanctioned tanker in Indian Ocean, Pentagon says

U.S. forces conducted an interdiction of the sanctioned stateless oil tanker Davina overnight in the Indian Ocean, the U.S. military's Indo-Pacific Command said on

Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040, WSJ reports

Morgan Stanley is projecting that SpaceX's revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Signs global trade in goods is starting to slow, WTO says

The World Trade Organization said on Friday there were signs global merchandise trade growth may be starting to slow, though it had shown resilience in

EU must be ready and able to expand, Merz says at summit with Balkan leaders

The European Union must show it is willing and able to take in new members, German Chancellor Friedrich Merz said on Friday

U.S. equity fund inflows surge as tech rally boosts sentiment

U.S. equity funds attracted the largest weekly inflow in three weeks in the week to June 3 as robust earnings outlooks by some technology companies extended a bull run in AI-linked

Peru's presidential runoff may hinge on small gold miners seeking continued loose regulations

The results of Peru's presidential election on Sunday could hinge on the votes of small, artisanal gold miners who benefit from loose

US terrorist label for Brazil gangs risks higher business costs

The U.S. designation of Brazil's biggest criminal groups as Foreign Terrorist Organizations (FTOs) starting Friday is

US oil exports surge, draining domestic crude inventories toward rock bottom

At the prairie town that calls itself the pipeline crossroads of the world, some 400 oil storage tanks sprawled across Cushing

'We want our children back': Nigeria's kidnapping nightmare spreads south

It was mid-morning when Aduke Balogun noticed a masked man in military fatigues walking towards her children's school.

Trump's lawyers sought to halt discovery in $10 billion BBC lawsuit

U.S.

Sika targets growth from China renovation market, global data centres

Sika sees growth opportunities in China's renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer's CEO Thomas Hasler said in an

Senate passes $70 billion ICE and border patrol bill, overcoming internal GOP rebellion over DOJ fund

Senate passes $70 billion ICE and border patrol bill, overcoming internal GOP rebellion over DOJ fund

FIFA cancels World Cup tickets to about 60 fans who got them for free due to error

FIFA has canceled World Cup tickets issued to about 60 fans who mistakenly got them for free because of a website error

Anthropic warns that AI will soon be able to improve itself without human intervention

Anthropic warns that AI will soon be able to improve itself without human intervention

Senate OKs $70B immigration bill after rejecting efforts to permanently ban Trump's settlement fund

The Senate has passed legislation to fund President Donald Trump’s immigration enforcement agencies, sending it to the House

Trump looms large over upcoming primary elections in Washington, DC

Washington, D.C., is gearing up for pivotal primaries this month to elect a new delegate to Congress and a new mayor

Trump administration’s plan to spin off mortgage giants Fannie and Freddie faces new uncertainty

Trump administration’s plan to spin off mortgage giants Fannie and Freddie faces new uncertainty

Blacklisted AI company Anthropic, White House ease tensions ahead of IPO, sources say

A months-long dispute between Trump administration officials and AI firm Anthropic is showing signs of easing across parts of the U.S.

Hungary to unveil anti-corruption reforms needed to release EU funding next week

Hungary's government will submit to parliament next week anti-corruption legislation needed to release billions of euros worth of suspended European

Bhutan to give cash incentives to families for more babies

The tiny Himalayan kingdom of Bhutan is worried about its declining population and has announced cash incentives to families to produce more children.

US questions its Bosnia involvement as peace envoy selection stalls

The United States warned on Friday that it would reconsider its role in Bosnia and Herzegovina (BiH) after the international body overseeing the Balkan country's peace

Kremlin says Putin has been briefed on Zelenskiy letter

Russian President Vladimir Putin has been informed about an open letter from Ukrainian President Volodymyr Zelenskiy, Kremlin spokesman Dmitry Peskov told Izvestia news

Thailand to join UN maritime arbitration with Cambodia, halts other two-way talks

Thailand said on Friday it will join a U.N. arbitration process chosen by Cambodia to resolve a festering maritime boundary dispute, but put on hold for

Global equity fund inflows at 3-week high as AI optimism boosts sentiment

Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered

JP Morgan upgrades Tesla to 'neutral', sees robotics driving long-term growth

J.P.

Hungary to stop issuing worker visas to people from three countries starting Friday

Hungary's government will stop issuing worker visas to employees from the Philippines, Georgia and Armenia from Friday, a government spokeswoman said, calling the move a

India ramps up defence of faltering rupee after holding fire on rates

The Reserve Bank of India held its benchmark interest rate steady on Friday and unveiled steps to help defend the embattled rupee, as the

Apollo bows out of $2 billion takeover pursuit of UK's Bodycote

Apollo Global Management and Britain's Bodycote have ended talks over a £1.52 billion ($2 billion) takeover proposal, they said on Friday, sending shares of the

Switzerland rejects US forced labour claims as tariff talks continue

Switzerland will continue trade talks with the United States while rejecting allegations that it failed to combat imports of goods made with forced labour, the government

Peru’s June 7 presidential runoff

Peruvians head to the polls on June 7 for a presidential runoff between leftist Roberto Sanchez and conservative Keiko Fujimori, after a fractured first round in April whose results

US Supreme Court backs federal regulators in wins for FCC and SEC

The U.S.

US Senate passes $70 billion in new funds for ICE, Border Patrol

The U.S.

Spirit Airlines shutdown forces thousands of US employees to reset careers

In April, Travis Arcamone was named flight attendant of the year at Spirit Airlines' Orlando, Florida, base.

China and Hong Kong users unable to access SpaceX website, IPO documents

SpaceX's website and IPO marketing documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step

With World Cup, Atlanta seeks to show how it has moved on from 1990s notoriety

When Atlanta hosted the 1996 Olympics, police were accused of arresting homeless people by the thousands.

SpaceX IPO bars investors from China and Hong Kong, Bloomberg News reports

SpaceX's underwriters have barred investors in China and Hong Kong from participating in the company's planned initial public offering, Bloomberg News reported on Friday, citing

India's GDP stays robust in January-March as domestic demand offsets external weakness

India's economy grew an unexpectedly strong 7.8% year-on-year in the January-March quarter, the government said on Friday, as robust

Former Prince Andrew made money subletting cottages on his rent-free estate, report shows

A report by Britain's public spending watchdog shows that the former Prince Andrew made money by subletting cottages on the estate where he lived rent-free for two decades

Taiwan's Foxconn raises guidance for second-quarter outlook

Taiwan's Foxconn said on Friday that its second-quarter performance is likely to be well above its previously anticipated forecast of "significant" growth.

Italy statistics bureau cuts 2026 GDP growth forecast to 0.7%

Italy's economy will grow by 0.7% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December.

UK running out of time to boost defence as investment plan stalls, military chief warns

Britain is running out of time to boost its defences in response to the threat posed by recent Russian actions, the country's military chief said on Friday,

World food prices slip in May, still near three-year high, FAO says

World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar

UK firms plan smaller price rises than in April, BoE survey shows

British businesses expect to increase prices less quickly in the year ahead than they did in April as some of the initial energy price shock caused by the

European shares slip as tech rally stalls, Middle East uncertainty weighs

European shares slipped on Friday and ended the week lower, as uncertainty about Middle East peace efforts kept investors on

Middle East conflict pushing millions into hunger, WFP says

The Middle East conflict is pushing millions of people closer to hunger, as rising fuel and transport costs drive up food prices while funding

Time to nip inflation in the bud: Five questions for the ECB

The European Central Bank is expected to hike interest rates on Thursday,

Houston, we have an IPO

The public listing of SpaceX will take centre stage as it looks likely to become one of the top 10 most valuable U.S. listed firms after it goes public, while a rate hike from the

How investor doubts halted Swiss Partners Group's meteoric rise

Setting out as a trio of ambitious young former Goldman Sachs bankers, Partners Group rose from plucky startup to become a global player in private equity,

Fewer Chinese teenagers register for tough university entry exam

The number of Chinese students sitting the country's national university entrance exam, due to begin on Sunday, has dropped sharply by 450,000 to 12.9 million from a year

Indonesia's central bank to prepare regulations reflecting wider mandate

Indonesia's central bank will prepare technical regulations that reflect its wider mandate to support economic growth following the passage of a sweeping new financial

Hezbollah rejection clouds Lebanon ceasefire and prospects for ending Iran war

The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from

UK house prices fall unexpectedly as market feels Iran war impact

British house prices unexpectedly fell in May, according to data from mortgage lender Halifax on Friday, which represented the latest sign of a cooling in the market as

Airbus delivers 81 jets in May, up 59% year on year

Airbus delivered 81 aircraft in May, up 59% from the same month last year and bringing its total deliveries to 262 so far this year, the planemaker said on Friday in its monthly

KPMG Australia faces probe by corporate regulator as audit leak scandal fallout widens

Australia's corporate regulator said on Friday it had launched a formal investigation into three KPMG Australia partners linked to

Auto market turmoil takes toll on German carmakers, study says

German carmakers lost ground to competitors at the start of the year as tariffs, conflict and technological upheaval weighed on sales, according to an EY analysis warning of

Trump's latest tariff salvo no fix for global issue of forced labour

President Donald Trump's threat to slap new tariffs on trade partners the U.S. accuses of failing to crack down

Actors' union approves 4-year contract with studios and streamers

Television and movie actors have voted to ratify a four-year contract with studios and streaming services

Putin says Russia will bolster its air defenses in response to Ukrainian drone attacks

President Vladimir Putin says Russia will strengthen its air defenses to counter recent Ukrainian drone attacks

Slower, but steady US job growth anticipated in May

U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable

Small miss, big hit

A look at the day ahead in European and global markets from Tom Westbrook The drawdown in tech stocks that has followed a narrow earnings miss at U.S. chipmaker Broadcom deepened in Asia on Friday,

Switch in talks to raise funds at $50 billion-plus valuation, The Information reports

Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, The Information reported on Thursday, citing people with knowledge of

South Korea labour minister calls on tech firms to share excess AI profits with suppliers, staff

South Korea's labour minister called on the country's major tech firms to share the spoils of their massive windfall profits, warning that

Foreign investors pivot to short India debt ahead of policy turn

Overseas investors are opting for short-term Indian government bonds as they find attractive entry points amid expectations of the interest rates cycle

IMF taps Alvaro Piris as new mission chief for Venezuela, Bloomberg News reports

The International Monetary Fund selected Alvaro Piris Chavarri as its new mission chief for Venezuela, Bloomberg News reported on Thursday, citing people familiar with the matter.

US House backs Russia sanctions, Ukraine aid, in latest blow to Trump

The U.S.

Yen hits key 160 level for third session, dollar buoyed by Gulf woes

The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as

US sanctions Cuban President Miguel Díaz-Canel in latest move to pressure island's leadership

The United States has imposed sanctions on Cuban President Miguel Díaz-Canel, his wife and three other individuals

Wall Street giants tout SpaceX as Musk speaks at pre-IPO investor event

Wall Street's investment banking giants are feting hopeful buyers of Elon Musk's SpaceX at splashy events that kicked off on Thursday,

California's slow ballot count makes it a target for critics. It doesn't mean elections are rigged

Days after the state’s primary, California voters are in a familiar position -- waiting to find out which candidates will go on to the general election in their most high-profile races, for governor and Los Angeles mayor

Trump meets with auto industry over right-to-repair debate

President Donald Trump said on Thursday he met with senior leaders in the auto industry to discuss the ongoing debate over "right-to-repair"

US officials eye government stakes in AI companies, NOTUS reports

Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS

House approves Ukraine aid and Russian sanctions, defying Trump and GOP leaders

House approves Ukraine aid and Russian sanctions, defying Trump and GOP leaders

House passes bill to aid Ukraine and impose new sanctions on Russia

The House has passed a bill to aid Ukraine and sanction key segments of the Russian economy

Copilot of United jet that struck a light pole realized flight was low, but not in time, report says

Federal investigators have released their initial report on a jet that struck a truck on a highway while landing at a New Jersey airport

Trump says he will not nominate Pulte to be permanent intelligence chief

U.S.

China's solar majors charge into batteries as panel sales falter

China's major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV)

Japan's real wages extend gains, consumer spending decline slows in April

Japan's real wages climbed 1.9% in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher

Water begins refilling Reflecting Pool after Trump's renovation to repaint it 'American flag blue'

President Donald Trump has announced that water has begun refilling the recently renovated Lincoln Memorial Reflecting Pool

Trump administration imposes sanctions on Cuban president

Trump administration imposes sanctions on Cuban president

Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports

Boeing is exploring raising production of its bestselling 737 jet beyond its publicly stated target of 63 aircraft per month, the Air Current reported on Thursday.

SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules

S&P Global said on Thursday it was not changing the requirements for entry into its major indices, dealing a setback to Elon Musk's SpaceX by

US races to contain flesh-eating parasite screwworm, reports no further cases

Following the first confirmation of screwworm, a flesh-eating parasite, on a U.S. farm in decades, federal and

US says it is ramping up emergency assistance in Bolivia amid protests

U.S.

French billionaire Sterin lays bare right‑wing agenda in first public hearing

French billionaire Pierre-Edouard Sterin used his first appearance before lawmakers on Thursday to lay out his campaign to bring free-market and conservative

US imposes sanctions on Cuban president, Treasury website shows

The U.S. on Thursday imposed sanctions on Cuban President Miguel Diaz-Canel and some affiliated people and entities, the U.S.

Honeywell's Quantinuum valued at $17.6 billion as shares rise in Nasdaq debut

Shares of Quantinuum rose 13.3% in their Nasdaq debut, fetching a valuation of $17.63 billion as Honeywell's quantum computing company became

Trump to build Lincoln Memorial promenade as part of Washington revamp

President Donald Trump said on Thursday that a promenade will be built onto the Lincoln Memorial in Washington, the latest in a series of construction projects he has

Trump directs hundreds of millions of dollars to support coal using emergency powers

President Donald Trump said on Thursday he is directing hundreds of millions of dollars to support U.S. coal power plants and to

SpaceX tells banks it won't move its $135-a-share IPO price

SpaceX told banks in its $75 billion initial public offering that it is set on the $135-a-share price that the firm disclosed on Wednesday in its amended IPO

What to know about the New World screwworm fly and its reappearance in the US

The New World screwworm fly is threatening the $113 billion U.S. cattle industry for the first time in more than a half century

Trump announces $700 million in new support for struggling coal industry

President Donald Trump is again seeking to boost the struggling U.S. coal industry

Lululemon cuts forecasts amid persistent sales slump in key US market, shares drop

Lululemon Athletica cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates on Thursday, as

Tradiing Day: Who needs tech?

Investors on Thursday latched onto the more encouraging aspects of mixed signals surrounding an end to war in the Middle East, pushing stocks

Walmart adds Subway meals to its 30-minute delivery offering as e-commerce race heats up

By Nicholas P.

Putin sticks to hardline stance on war in Ukraine, but says Trump ideas could bring peace

President Vladimir Putin stuck to his hardline stance on the war in Ukraine on Thursday and said his troops were advancing on the battlefield

The Latest: Scott Bessent testifies before the House on Treasury Department priorities

Treasury Secretary Scott Bessent is back on Capitol Hill to testify before the House Ways and Means Committee on the department’s priorities, one day after he refused to say whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies

Ukraine's Zelenskiy pledges clear timetable of talks on EU membership

President Volodymyr Zelenskiy pledged on Thursday that Ukraine would keep to a clear timetable in talks on joining the European Union and in sticking to its obligations with the 27-

With Trump in a holding pattern on Iran war, allies and critics worry he risks getting boxed in

President Donald Trump insists he's comfortable with the current holding pattern in the Iran war

The Dow leaps to a record as oil prices ease and US stocks outside of AI rally

Wall Street rallied after falling oil prices and yields in the bond market eased the pressure on U.S. stocks

Overcrowding pushes Buncombe County detention into safety crisis, sheriff says

Overcrowding pushes Buncombe County detention into safety crisis, sheriff says

Tyco agrees to $10 million settlement with Wisconsin over PFAS water contamination

The manufacturer of firefighting foam that contaminated the water supply in northeast Wisconsin with PFAS chemicals for decades has agreed to a $10 million settlement with the state

Libyans block off UN refugee office in protest against migrants

Hundreds of Libyan demonstrators blocked off the office of the U.N. refugee agency in the capital Tripoli on Thursday during a protest against migrants who have travelled

US senators question Big Tobacco on lobbying related to FDA policy shift

Six U.S. senators, including Democratic whip Dick Durbin and Elizabeth Warren, wrote public letters to tobacco giants Reynolds American and Altria on Thursday

Deputy involved in crash with teen scooter operator

Deputy involved in crash with teen scooter operator

US mortgage rates are staying high – and the Fed can do very little about it

Investors’ inflation expectations, much more than the central bank, are among the factors that affect the cost of home loans.

Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq

Wall Street advanced on Thursday as progress toward ending the Iran war buoyed investor sentiment, while disappointing results from

Appealing to centrists, Colombia leftist Cepeda backs away from possibility of new constitution

Colombia's leftist presidential candidate Ivan Cepeda said in a video on Thursday he would seek consensus for national reforms if he were to be elected in a second round on

Fed's Schmid says choice is between patience and rate hikes to tamp down inflation

Kansas City Federal Reserve President Jeffrey Schmid said on Thursday that the U.S. central bank's choice now is between being patient and holding

U.S. revokes endangered species listing for Permian Basin lizard, resolves Texas attorney general lawsuit

The Trump administration agreed to strip endangered species protection from a lizard whose habitat overlapped the largest oil-producing region in the United

'Record-setting' $101M award granted in horrific North Carolina wall collapse

'Record-setting' $101M award granted in horrific North Carolina wall collapse

Putin envoy says Russia-US talks on energy, economy continue

By Gleb Bryanski ST.

Wall Street ends mixed as Broadcom drags tech, European stocks gain; oil dips

Global stocks inched higher in choppy trading on Thursday, with European gains followed by a mixed session on Wall Street as investors weighed a snag in

Top cases on the US Supreme Court's docket

The U.S.

Gas engine maker Innio jumps 23% in Nasdaq debut as investors bet on data center boom

Innio's shares closed up 23% on Thursday in a strong start for the gas engine manufacturer, as a red-hot streak of new listings from AI infrastructure-linked

Slovenia's parliament approves Jansa's centre-right government

Slovenia's parliament on Thursday approved Prime Minister Janez Jansa's centre-right government, which has pledged tax cuts, targeted spending and an anti-corruption

Fed's Daly says AI is not for now driving inflation up or down

San Francisco Federal Reserve President Mary Daly on Thursday said that while she believes AI over a five- to 10-year window could be a deflationary force, the effect is "not a

Oil settles lower on hopes for Iran deal following Israel-Lebanon ceasefire

Oil prices settled around 3% lower on Thursday on investor hopes for an end to the U.S.-Israeli war with Iran that could reopen the Strait of Hormuz,

Steven Seagal, Candace Owens and Trump’s ballroom commissioner appear at Russia’s top economic forum

Steven Seagal, Candace Owens and Trump’s ballroom commissioner appear at Russia’s top economic forum

'It's terrifying': Couple recall moments shooting happened at high school graduation

'It's terrifying': Couple recall moments shooting happened at high school graduation

Canadian Prime Minister Mark Carney warns foreign AI platforms can be used against Canadians

Canadian Prime Minister Mark Carney is warning that foreign artificial intelligence platforms could be used against Canadians

Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers

US Supreme Court backs FCC in clash with wireless carriers over fines

The U.S.

IMF urges Fed caution on inflation as Warsh prepares to chair first policy meeting

The International Monetary Fund on Thursday urged the Federal Reserve in its first policy meeting led by new Fed Chair Kevin Warsh to stay cautious on rates due to

New York Fed finds elevated global supply chain pressure in May

By Michael S.

Indonesia to 'refocus' free meal measures on more remote areas, official says

The Indonesian agency overseeing President Prabowo Subianto's flagship free meals programme will "refocus" its measures by cutting back on new kitchens and targeting

First IAEA report on Iran's nuclear programme since February shows little change despite war

The U.N. nuclear watchdog sent a report to member states on Thursday with no major changes to its assessment of Iran's nuclear programme, despite three months of U.S.-

US will uphold tariff caps in deals with EU, Japan and others, Trump's trade chief says

The United States will respect tariff caps in trade deals struck with the European Union, Japan and other countries, and planned U.S. tariffs over forced

US bank regulators to tout deregulatory agenda to lawmakers

The nation's top bank regulators plan to tell Congress on Thursday that their efforts to trim bank rules and oversight will bolster economic activity

Redemption requests rise at Blackstone, Partners Group as private markets strain

Swiss alternative asset manager Partners Group on Thursday flagged more withdrawal requests from its funds while Blackstone said it capped

Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports

Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a

Boston Fed paper says Fed can concentrate on inflation risks amid energy shock

By Michael S.

CrowdStrike shares fall as 'Mythos moment' fails to cheer investors

CrowdStrike shares slid 7% on Thursday after the company's quarterly forecasts failed to meet steep investor expectations, even though demand for

Romanian president nominates adviser Eugen Tomac as prime minister

Romania's centrist President Nicusor Dan designated his adviser Eugen Tomac as prime minister on Thursday, seeking to end a political crisis that has stalled policymaking

Walmart investors reject AI workplace report as automation expands in the US

By Nicholas P.

The $9 billion issue at the heart of US-Cuba tensions

The $9 billion issue at the heart of US-Cuba tensions

Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases

The Supreme Court has upheld a broad reading of the authority of the Securities and Exchange Commission to recoup ill-gotten gains from people who engage in securities fraud

US first-quarter worker productivity, labor costs revised lower

U.S. worker productivity growth slowed faster than initially thought in the first quarter, but the underlying trend remained strong and a boost is expected from

Airbus delivered 81 jets in May after China logjam eases

Airbus delivered 81 aircraft in May, up sharply from a year earlier, partly due to the release of planes caught up in a regulatory stand-off with China, industry sources said

Mexico economy may beat OECD forecast, finance minister says

Mexico's economy could grow more than the OECD's latest forecast, Finance Minister Edgar Amador Zamora said in an interview with newspaper Milenio published late on

US Postal Service not expected to run out of cash next year, official says

The U.S.

S&P 500, Nasdaq slide at open as Broadcom revenue miss dents chip stocks

The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record

Private credit funds face renewed withdrawals in second quarter

Private credit funds sold to wealthy investors face another test in the second quarter, as early filings point to continued redemption pressures driven by concerns over software

Germany and France pitch swifter benefits for EU hopefuls in Balkans, Moldova

Germany and France have proposed giving aspiring European Union members more opportunities to join EU programmes and access the single market before joining the bloc,

US Supreme Court backs SEC in fight over 'disgorgement' power

The U.S.

Yen touches 160, dollar slips from two-month high amid Iran talks

The dollar slipped from a two-month high on Thursday as optimism rose about a ceasefire in Lebanon, while markets were alert to possible intervention as the

Pinterest deepens Amazon partnership with $4 billion cloud deal

Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery

Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week

Geoffrey Kendrick, the global head of digital assets research at Standard Chartered and one of the most vocal crypto advocates, is sticking with his call for

Blackstone private credit fund caps withdrawals as redemption requests jump

Blackstone has capped withdrawals at its ​flagship private credit fund as redemption requests rose in the second quarter, the

More than 50 Colorado drivers run over screws that fell off truck on Highway 285

More than 50 Colorado drivers run over screws that fell off truck on Highway 285

Melinda French Gates donates $215 million to improve women's health worldwide

Melinda French Gates is expanding her efforts to improve women's health worldwide, pledging $215 million for contraceptive access and maternal care, as well as initiatives for middle-age women

The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report

The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report

New details revealed of Epstein assistant’s abuse allegations as GOP lawmakers call for DOJ investigation

New details revealed of Epstein assistant’s abuse allegations as GOP lawmakers call for DOJ investigation

US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February

The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran

Universal Music buys back part of Ackman's Pershing stake after $64 billion bid fails

Universal Music Group said on Thursday it has repurchased some

Hungary reports African swine fever in domestic pigs for first time

Hungarian authorities ordered the culling of 3,000 pigs on a farm after African swine fever was reported in domestic pigs for the first time in the country, the National

Brunei's sultan announces cabinet shake-up, appoints sons as ministers

Brunei's ruler announced a major cabinet reshuffle on Thursday, creating new key portfolios and appointing two of his younger sons as ministers, in a sign of

Singapore Airlines in talks for major new jet order, sources say

Singapore Airlines (SIA) is in talks with Airbus and Boeing to buy at least 50 of the industry's biggest jets, as it plans a next phase

We analyzed paper money printed by Ben Franklin to uncover his anti‑counterfeiting techniques and materials innovations

Ben Franklin led an effort to print paper bills in the American colonies, after a coin shortage constrained the economy.

Canadian dollar will strengthen if progress made in USMCA review: Reuters poll

Canada's dollar will strengthen over the coming year against its U.S. counterpart so long as the domestic economy recovers and progress is made in the

Jack Daniel's maker Brown-Forman posts stronger sales, sees challenging demand ahead

Whiskey maker Brown-Forman on Thursday warned of strained consumer spending behavior for the year even as the Jack Daniel's maker reported better-than-expected quarterly sales on

Coloradans are getting squeezed by credit cards while trying to navigate high costs

About a third of Americans report using high-interest credit cards for everyday expenses as costs continue to rise.

US weekly jobless claims increase to four-month high; worker productivity revised down

The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four months,

Zohran Mamdani’s capitalist plan to fix the housing crisis

Zohran Mamdani’s capitalist plan to fix the housing crisis

Broadcom set to shed $300 billion in value as AI results fail to impress

Broadcom shares slumped more than 14% on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations

Amazon unveils new AI warehouse robot in $12 billion Europe push

Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10

US Senate faces tough vote on nationwide E15 gasoline sales expansion

Supporters of a long-stalled push to expand nationwide sales of higher-ethanol E15 gasoline are pursuing an uphill

Britain plays down concern on India trade deal, hints at implementation delay

Talks between Britain and India on implementing a free trade deal are moving quickly and going well, trade minister Peter Kyle said, suggesting the deal

German far-right AfD party official meets with Putin adviser, Gazprom boss

A senior member of Germany's far-right Alternative for Germany (AfD) met one of Russian President Vladimir Putin's top advisers as well as the head of energy group Gazprom

African migrants flee into the mountains as South Africa's xenophobic violence surges

Four days ago, Mozambican immigrant Lado Amido answered a knock at his door in the South African town of Kleinmond.

Peru's leftist Roberto Sanchez seeks centrist appeal ahead of presidential runoff

Left-wing congressman Roberto Sanchez is striking a more pragmatic tone ahead of Peru’s June 7 presidential runoff against conservative

India sees 'perfect complimentarity' with Venezuela in energy trade amid Gulf crisis

India and Venezuela sought to boost their ties in the energy sector on Thursday with New Delhi saying that Caracas sees it as a preferred partner in the sector at a time

EU preparing economic support package for Armenia after Russian pressure on it

The European Union is preparing an economic support package worth an initial amount of €50 million ($58.1 million) for Armenia after Russia hit Armenia with some trade

Lebanon ceasefire raises hopes of progress for Iran deal

Israel and Lebanon agreed to implement a new ceasefire after U.S.-mediated talks, the Trump administration said, raising hopes for

Summer clouds

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The S&P 500 failed to clock its 10th straight daily gain on Wednesday

EU delays bank risk capital framework by three years, awaiting US, standards

The European Commission will delay the introduction of a new market risk capital framework for banks for three years to see how the U.S. and Britain implement the same

India's Modi meets Delcy Rodriguez as India expands Venezuela oil imports

Indian Prime Minister Narendra Modi has held talks with Venezuela’s acting President Delcy Rodriguez

Australia's Lynas Rare Earths names Pol Le Roux interim CEO

Australia's Lynas Rare Earths said on Thursday that Chief Operating Officer Pol Le Roux will take over as interim CEO from June 30, marking a leadership transition at the world's

UK construction activity shrinks at fastest pace since 2020, PMI shows

Activity in Britain's construction sector slowed at the sharpest pace in six years last month as economic uncertainty and rising inflation triggered by the Iran war led to a

Fuji Media’s real estate unit attracts 1 trillion yen bids, Bloomberg News reports

Broadcaster Fuji Media Holdings received stronger-than-expected interest for its real estate subsidiary Sankei Building, attracting bidders including KKR, Blackstone and Goldman

Vietnam says USTR forced labour conclusion does not reflect its efforts

Vietnam's foreign ministry said on Thursday that the U.S.

European shares rise as oil slips, investors watch Middle East

European shares rose on Thursday as oil prices eased, although investors remained cautious on whether the latest developments in

China bans 4 New Zealand lawmakers after they visited Taiwan

Beijing has banned four New Zealand lawmakers from traveling to China for a year, demanding an apology for their visit to Taiwan

Bank of Japan expected to raise rates this month, sources say

The Bank of Japan is expected to raise interest rates this month unless a sharp escalation in the Middle East conflict upends markets, three sources said, as

New Zealand expresses concern over China lawmaker ban after Taiwan trip

New Zealand said on Thursday it would express its concerns to Beijing after China banned four New Zealand lawmakers from entry following their visit to Taiwan last month.

Lebanese Americans open their wallets and hearts as war rages back home

Lebanese Americans are both grieving and taking action to support loved ones in their homeland who have been affected by the war between Israel and Hezbollah

SK Hynix tells investors its US listing plan wins their strong backing, source says

SK Hynix told investors this week it received "tremendously positive" feedback on its proposed U.S. listing as the chipmaker benefits from strong demand for

Sweden's centre-left opposition holds lead ahead of September election, stats office poll shows

Sweden's centre-left opposition looks likely to win power in the parliamentary election in September, ousting the right-wing government, according to an opinion poll

US investor Castlelake taps shipper MSC for potential easyJet bid, report says

U.S. investment firm Castlelake is looking at MSC, the world's largest shipping group, as a partner in a consortium for a potential takeover bid for British budget airline

Russia ramps up aerial attacks as it struggles on the ground in Ukraine

Russia ramps up aerial attacks as it struggles on the ground in Ukraine

BOJ chief vows to debate 'pros and cons' of rate hike, signals June action

Bank of Japan Governor Kazuo Ueda said the central bank must discuss the pros and cons of raising interest rates if inflationary risks outweigh downside risks

Australia's central bank monitoring impact of higher rates, energy price shock

Australia's central bank is closely monitoring economic conditions to assess how higher interest rates and the global energy price shock are playing out, its top central

Europe's tech 'liberation day'? Computer says not yet

As the European Union unveiled its technology sovereignty package on Wednesday, a top official posted in glee: "Today is Tech Liberation Day".

Global airline chiefs to confront Iran war fuel shock at industry summit

Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry's biggest crisis since the

Australian state cracks down on illegal tobacco shops as nicotine use surges

The Australian state of Victoria on Thursday introduced laws to give authorities more powers to shut down businesses selling illegal tobacco, as new data showed nicotine use

From reform hopes to brutal crackdown - China's Tiananmen protests

Thursday marks 37 years since China bloodily suppressed pro-democracy demonstrations in and around central Beijing's Tiananmen Square, when Chinese troops opened fire on their own

Mexico's popular former president blasts Trump as US ties hit low

Former Mexican President Andrés Manuel López Obrador accused Washington on Wednesday of employing "interventionist and unscrupulous practices" to bolster

Foxconn and Intel team up to build next-gen AI systems

Foxconn said on Thursday it will work with U.S. chipmaker Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms in a move

TSMC working hard to meet chip demand, would 'like' to hike prices

Taiwan's TSMC, the world's largest contract chipmaker, is striving to keep up with demand and avoid becoming a bottleneck in the global supply chain

BOJ's Ueda pivots to inflation-fighting mode, clearing path for steadier hikes

Bank of Japan Governor Kazuo Ueda has all but cemented a June rate hike in a clear narrative pivot toward inflation fighting as the Iran war-driven energy

Indonesia passes bill expanding central bank role to spur growth  

Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while

Australia's lower house passes bill for biggest overhaul of taxes in decades

Australia's lower house of parliament passed a bill on Thursday for the government's biggest overhaul of taxes in decades, curbing tax breaks for property investors to make

A ceasefire too far for markets

A look at the day ahead in European and global markets from Gregor Stuart Hunter Markets are in risk-off mode again as traders grapple with conflicting headlines: renewed fighting between the U.S. and

A leaner, more focused Honeywell Aerospace projects strong growth after spinoff

Honeywell Aerospace told investors on Wednesday that it expects to book $6.5 billion in adjusted earnings by 2030, fueled by strong demand from jetmakers and

How Indian markets could react to RBI's policy call

The Reserve Bank of India's rate decision on Friday is expected to be one of the closest policy calls in recent memory, with rising

Treasury Wine bets on Penfolds-led luxury push to revive fortunes, shares soar 13%

Australia's Treasury Wine Estates said on Thursday it will double down on a handful of brands led by the iconic luxury Penfolds, and

Global firms exploit India's IPO boom to take profits back to home countries

India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising funds to

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations

Meta accuses Australia of breaching FTA, invokes US 'trade action'

Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with

Japan government expects BOJ to coordinate policy steps with it, spokesperson says

Japan's government expects the Bank of Japan to conduct appropriate monetary policy toward a sustainable 2% inflation target that is driven by wage growth in close

Sunshine Silver Mining raises $270 million in US IPO

Sunshine Silver Mining & Refining ​Company raised $270 million in its U.S. initial public offering on Wednesday, joining a growing number of companies rushing to seize buoyant

Advent, ADIA-backed gas engine maker Innio raises $2.43 billion in US IPO

Gas engine manufacturer Innio said on Wednesday it has raised $2.43 billion in its U.S. initial public offering, as investors flock to companies powering the AI boom.

US agency reviews school internet subsidies amid concerns about kids' screen time

The U.S.

SMFG aims to double sales and trading revenue to $5 billion, markets head says

Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within

South Korea, China agree first expansion in flight rights in seven years

South Korea and China have agreed to expand weekly flight rights between the countries for the first time in seven years, Seoul's transport ministry said on Thursday, in

Trump plans $700 million in new coal support, White House official says

U.S.

Israel, Lebanon agree to implement ceasefire, boosting hopes for Iran deal

Israel and Lebanon agreed to implement a ceasefire to end hostilities, the Trump administration said on Wednesday, in a boost to hopes for

South Korea Lee's ruling party sweeps local elections but loses Seoul mayor race

South Korean President Lee Jae Myung's ruling Democratic Party swept most major local races in elections held on Wednesday, but suffered a

Australia April goods trade back in surplus as exports rebound

Australia's balance on goods trade swung back into surplus in April after a surprise deficit the month before, data showed on Thursday, as a rebound in resource exports

Trump makes it easier to fire 8,000 federal workers

Trump makes it easier to fire 8,000 federal workers

Flesh-eating New World screwworm detected in Texas calf, USDA says, signaling major threat to food production

Flesh-eating New World screwworm detected in Texas calf, USDA says, signaling major threat to food production

UK employers ask government to ease off on tax and price-gouging claims

The Confederation of British Industry called on Britain's government not to treat business as a cash cow or accuse companies of price-gouging as the

House votes to limit Trump’s Iran war powers in remarkable rebuke

House votes to limit Trump’s Iran war powers in remarkable rebuke

SpaceX wins Texas tax breaks for chip project, ahead of record IPO

SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas,

JPMorgan's Dimon to pitch SpaceX IPO to wealthy clients, source says

JPMorgan Chase CEO Jamie Dimon will pitch the upcoming initial public offering of SpaceX to the bank's wealthy clients this week in a bid to drive

SpaceX sets the stage for a record $75 billion IPO

SpaceX sets the stage for a record $75 billion IPO

Broadcom's sales and AI chip forecast comes in below expectations, shares tumble

Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its

Rubio says China cannot erase memories of Tiananmen Square crackdown

Beijing's censorship cannot erase memories of its 1989 military assault on peaceful demonstrators in Tiananmen Square, U.S.

MLB Commissioner Rob Manfred worries cap proposal could lead to repeat of 1994-95 strike

Baseball Commissioner Rob Manfred worries the owners' salary cap proposal could lead to a work stoppage like the one that canceled the 1994 World Series

Fed's Warsh inherits economy increasingly squeezed by inflation

Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a Fed

Vanguard index product becomes first ETF to top $1 trillion in assets

The Vanguard S&P 500 ETF, the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and

Flesh-eating screwworm confirmed in Texas calf as parasite crosses border from Mexico

New World screwworm, a parasitic fly that eats warm-blooded animals alive, has been found in a calf in

US tariff doubling cut EU steel exports by 34%, steel body says

EU steel exports to the U.S. have fallen by 34% since Washington hiked tariffs to 50%, with higher duties on derivative products such as washing

Trump signs order to make it easier to fire 8,000 federal workers

U.S.

Looking for NBA Finals seats? The Knicks are making 2 in celebrity row available in an auction

The New York Knicks are auctioning two celebrity row seats for Game 3 at Madison Square Garden, when the NBA Finals return to New York for the first time since 1999

Homeland Security secretary says ICE will increase new officer training next month

Homeland Security Secretary Markwayne Mullin says Immigration and Customs Enforcement will increase training for new officers

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire

Live updates: House passes resolution to halt military action in Iran in rebuke of Trump

The House approved a war powers resolution that would halt the U.S. military action against Iran, defying President Donald Trump as a handful of Republicans joined with Democrats to seek to end the war

House approves war powers resolution to halt military action against Iran, in a rebuke of Trump

The House for the first time has approved a war powers resolution that would halt the U.S. military action against Iran

Fed's Logan says a rate hike may be needed to beat inflation

Dallas Federal Reserve President Lorie Logan on Wednesday said signs of robust economic growth and corporate earnings "going gangbusters" are helping to make her

Bank of America to hire interns, campus recruits despite AI threat

Bank of America said on Wednesday it would welcome about 4,000 summer interns and full-time campus hires, signaling a commitment to entry-level talent even as the rise of AI fuels

Oklahoma's attorney general sues to block aluminum smelter after Trump endorses rival

Oklahoma's attorney general has filed a lawsuit seeking to block Emirates Global Aluminum (EGA) and Century Aluminum from building the largest U.S. aluminum

New York debt litigation bill hangs on last-minute Assembly move

New York State lawmakers must decide by the end of this week whether to advance a bill that would alter state law tied to foreign sovereign debt, setting

Trading Day: War clouds and tech wobbles

Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing

Fed policy 'a bit loose,' need it to be 'restrictive,' Logan says

Federal Reserve Bank of Dallas President Lorie Logan on Wednesday said she feels monetary policy is currently "neutral or perhaps even a bit loose," in contrast with what she feels

NAACP says US Postal Service voting plan violates settlement

The NAACP asked a federal court Wednesday to revive a 2020 lawsuit against the U.S.

TransAlta to buy Blackstone-backed Colorado gas-fired plants for $1 billion

Canadian power producer TransAlta Corp said on Wednesday it will acquire two natural gas-fired peaking facilities near Denver, Colorado, from Blackstone for about $1 billion,

Fatal Virginia crash raises questions about bus safety and the records of the driver and company

A commercial bus crash in Virginia that killed five people and injured dozens of others has raised questions about the driver, the company that employed him and the overall safety of the industry

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

Treasury Secretary Scott Bessent is refusing to say whether President Donald Trump and his family will still receive immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund

Oil prices climb back toward $100, and US stocks halt their record-breaking rally

Oil prices rose following the latest threats to the U.S.-Iran ceasefire, and U.S. stocks retreated from their records

Ukrainian drones hit St. Petersburg oil terminal before city hosts Russian economic forum

Ukrainian long-range drones have struck an oil terminal in St. Petersburg, setting it ablaze, according to President Volodymyr Zelenskyy

Fact check: The many lies Trump told the New York Post

Fact check: The many lies Trump told the New York Post

Applied Aerospace & Defense valued at $3.5 billion as shares rise in debut

Applied Aerospace & Defense achieved a valuation of $3.54 billion after its shares opened 3.8% above the offer price in their market debut on Wednesday, the latest in a streak of

Ackman's Pershing seeks to exit Universal Music Group stake, Bloomberg News reports

Bill Ackman's Pershing Square is looking to sell its stake in Universal Music Group, Bloomberg News reported on Wednesday, days after the music industry giant rebuffed the

Trump administration seeks new path forward with tariffs after first attempt hit legal roadblocks

President Donald Trump is in a hurry to rebuild the tariff wall the Supreme Court tore down less than four months ago

Brazil's May trade surplus beats forecasts as prices lifts exports

Brazil's trade surplus reached $7.8 billion in May, official data showed on Wednesday, above market expectations, as higher prices drove export growth at a faster pace

Bolivia's new defense minister pledges to clear roadblocks as protests drag on

Bolivia's President Rodrigo Paz on Wednesday named Ernesto Justiniano as defense minister, who promised to clear roadblocks following weeks of social unrest and mass

Five countries elected to UN Security Council; Germany misses out

The United Nations General Assembly on Wednesday elected Austria, Kyrgyzstan, Portugal, Trinidad and Tobago and Zimbabwe to the 15-member U.N.

US services sector expands in May; supply constraints raise prices

U.S. services sector activity picked up in May as businesses preemptively placed orders and replenished inventories in anticipation of shortages and

Citi hires Konstantynova as new COO for wealth from McKinsey

Andy Sieg, Citi's head of wealth management, announced on Tuesday the hiring of Nadiya Konstantynova as the division's new chief operating officer.

Brazil rejects proposed US tariffs related to forced labor

The Brazilian government expressed "deep disagreements" with the United States' proposal of new tariffs linked to forced labor in a statement on Wednesday, saying the

World shares drop, oil jumps as Middle East unrest deepens

Global stocks fell and oil prices climbed on Wednesday as hopes for a swift end to the Iran war faded, with renewed hostilities dampening risk appetite.

Wall Street ends lower as Middle East tensions escalate

Wall Street stocks pulled back from record highs on Wednesday as flaring tensions in the Middle East and rising crude prices stoked

Monetary compensation becomes key sticking point in Iran deal as Trump bristles at comparison to Obama agreement

Monetary compensation becomes key sticking point in Iran deal as Trump bristles at comparison to Obama agreement

Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market

Polymarket is ending its paid relationship with George Santos as federal regulators investigate him for possible insider trading

Trump is quietly rebuilding his tariff engine

Trump is quietly rebuilding his tariff engine

Community helps victims rebuild lives after apartment explosion

Community helps victims rebuild lives after apartment explosion

British trade minister says rejoining EU would not fix UK's issues

Rejoining the European Union would not "magically solve" Britain's issues, even if the country's long-term future lies with Europe, business and trade

How US, Europe and Britain target goods made with forced labour

The United States has proposed new tariffs on imports from 60 economies after accusing trading partners of failing to keep goods made with forced labour out of their markets.

Tesla rolls out unsupervised robotaxis in Austin

Tesla said on Wednesday it was rolling out its unsupervised robotaxis in the Austin Metro area in Texas, as the electric-vehicle maker looks to speed up its autonomous ride-hailing

US stock options watchers warn Wall Street's rally 'ripe for volatility spasms'

Wall Street's nine-week rally has pushed U.S. stock indexes to successive new highs, but people who watch key options metrics warn that signs are

Soccer-France, retail, beverage stocks: Brazil brokerage picks World Cup favourites

France may be leading one race for the World Cup trophy, but in the markets' version of the global showpiece tournament, retail and beverage stocks are

US cites forced labor concerns as grounds for new tariffs

The Trump administration has proposed tariffs of up to 12.5% on imports from 60 countries after determining they had

EU, US committed to complying with trade deal, says U.S. trade chief Greer

Both the European Union and the United States are committed to complying with their trade agreement, U.S.

Oil gains as Middle East hostilities flare

Oil prices rose around 2% on Wednesday, extending the previous session's gains, as hostilities in the Middle East erupted anew and talks between Tehran and

Automakers, retailers warn US memory-chip shortage is impacting prices

The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and

Macy's raises annual outlook after the fourth straight quarter of sales gains

Macy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and better customer service is resonating with customers

Republicans won the redistricting battle. Now voters will decide whether they win Congress

Republicans have won a partisan redistricting battle for Congress

Brazil central bank flags demand-driven inflation as economists scale back rate-cut bets

Brazil's central bank is seeing demand-driven pressures contributing to inflation, Governor Gabriel Galipolo said on Wednesday, pointing to measures that exclude supply

Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions

Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and

US factory orders post biggest gain in 11 months in April

New orders for U.S. factory goods posted their biggest increase in nearly a year in April amid strong demand for commercial aircraft and a range of other goods.

US Senate to hold confirmation hearing for BLS commissioner nominee next week

The U.S.

Kraft Heinz CEO expects innovation push to accelerate next year

Kraft Heinz aims to accelerate product innovation next year, CEO Steve Cahillane told Reuters, as the packaged food company steps up investment to

Wall Street ends lower as Middle East tensions escalate

Wall Street stocks pulled back from record highs on Wednesday as flaring tensions in the Middle East and rising crude prices stoked

MAHA candidate beats Trump's choice in Republican primary for Iowa governor

Businessman Zach Lahn's win in Iowa’s Republican gubernatorial primary over President Donald Trump's pick is a rare electoral setback for Trump

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Indonesia arrests former nutrition agency head and officials in corruption investigation

Indonesia's former head of the National Nutrition Agency has been arrested on corruption charges related to a multibillion-dollar free-meals program

Hilton, Becerra maintain leads in primary race for California governor

Republican television commentator Steve Hilton and Democratic former cabinet secretary Xavier Becerra maintained their leads in the open primary race for California

Israel plans major settlement push across occupied West Bank

Israel's hardline finance minister announced on Wednesday a major expansion by more than 2,000 homes of three Jewish settlements in the occupied West

Canada's services PMI edges up to 18-month high, operating costs accelerate 

Canada's services economy expanded at a modest pace in May as the Middle East conflict raised economic uncertainty and higher fuel prices contributed to the

Resilient Saudi economy proves a draw for wartime Gulf business

When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she

US services sector expands in May; supply constraints raise prices

U.S. services sector activity picked up in May as businesses preemptively placed orders and replenished inventories in anticipation of shortages and

U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says

Manhattan's top federal prosecutor said on Wednesday he and his staff are asking questions in the private asset marketplace about valuations, as concerns

Fed policy is in 'right place' amid inflation risks, Williams tells Yahoo Finance

By Michael S.

Mexico says USMCA-compliant exports would be exempt from US forced-labor tariffs

Mexico said on Wednesday that goods complying with the rules of origin under the United States-Mexico-Canada Agreement (USMCA) would be exempt from a proposed 10% U.S.

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says

SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's satellite broadband unit Starlink expands, Oppenheimer said

USA Rare Earth finalizes deals for up to $1.6 billion in funding under CHIPS Act

USA Rare Earth said on Wednesday it has signed agreements with the U.S.

US service sector growth picks up in May; businesses face higher prices for inputs

U.S. services sector activity picked up in May as businesses preemptively placed orders and rebuilt inventories in anticipation of shortages and higher prices because of

Yen dips to 160 level, prompting warnings from Japanese officials

Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

European Union launches tech sovereignty initiative to boost chips, cloud and AI at home

European Union leaders are pushing back against reliance on American and Asian tech companies

AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns

Soaring memory chip prices driven by massive AI demand risk stoking "chipflation," Morgan Stanley analysts cautioned, as makers of devices from

In Argentina, amateur soccer offers a gritty economic lifeline

Emiliano Migueles starts his days early, delivering water.

Bosnia seeks new peace envoy after sudden Schmidt exit

The body overseeing Bosnia's peace process meets on Wednesday to choose a new envoy to replace Germany's Christian Schmidt, who quit under what he said

Strain grows on shipping industry with vessels stuck inside Hormuz

Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances,

US asset managers fall as investors brace for updates on private credit fund withdrawals

Shares of U.S. alternative asset managers fell in premarket trading on Wednesday as investors braced for second-quarter updates on redemptions from non-traded private credit funds,

US retailers brace for bigger consumer stress test as war drags on

With the Iran war stretching into its fourth month, U.S. retail companies that have so far banked on a resilient consumer could

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says

Many airlines have been hit hard by price swings in the jet fuel market, and some are not in a position to hedge their exposure, the International Air

EU targets Big Tech dependence with 'made-in-Europe' drive

The European Commission proposed laws on Wednesday to boost domestic cloud, AI and semiconductor industries and cut reliance on U.S.

War may end in interim deal that leaves Iran battered but unbowed

The U.S.-Israeli war on Iran was meant to break the Islamic Republic.

Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year

Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in the second half of this year in Europe, the Middle East and Africa, with plans to expand to

Bangladesh seeks new IMF lending deal, officials say

Bangladesh has requested a new loan arrangement from the International Monetary Fund and is exiting its current $5.5 billion programme, government officials said on Wednesday

S&P 500, Dow tick lower on Middle East stalemate

The S&P 500 and the Dow opened lower on Wednesday, as a flare-up in the Middle East conflict drove oil prices higher and cast doubt on a quick resolution to the war.

Macy's raises annual forecasts as luxury focus draws affluent shoppers

Macy's raised its annual forecasts and posted its first quarterly sales growth in nearly four years on Wednesday, driven by strong demand for high-end apparel and

Russia bets on air war as it stumbles on the battlefield

Russia is pummeling major Ukrainian cities in an effort to sustain a sputtering war effort marked by a struggle to maintain momentum on the battlefield, where

Inflation and immigration fears threaten to dampen Miami’s economic benefits from the World Cup

The economic outlook for World Cup host cities isn’t looking good – but there’s still time to change that.

When private equity firms buy mobile home parks, rent increases leave residents with few affordable options in rural areas

It is far easier and cheaper to keep someone housed in a mobile home park than to build a new subsidized unit for them.

Disruption of Mideast energy supplies into next year would slam global economy

Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy

Private infra, real estate capital to play larger financing role in AI data center boom, Goldman says

Private infrastructure and real estate capital are expected to play a larger role in financing the AI-driven data-center boom, as companies move beyond traditional forms of funding,

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide

(Amends dateline) By Gleb Bryanski and Elena Fabrichnaya ST.

Indonesian parliamentary panel backs bill to expand role of central bank

JAKARTA, June 3 - The Indonesian parliament's financial commission and the government agreed at a hearing on Wednesday to reform the laws relating to the country's financial system and expand the

Quantum leap

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices and bond yields have pushed higher as hostilities in the

ECB June hike a done deal, another likely in September, economists say

The European Central Bank is set to raise its deposit rate to 2.25% on June 11, with another increase likely in September, as it

How Cubans keep going, despite US pressure and fuel blockade

Felicia de la Caridad Alvarez, a resident of Old Havana, knows a thing or two about survival.

Dollar bears cling to optimism as war-led inflation tests Fed path: Reuters poll

The U.S. dollar is expected to stay range-bound in the near term before weakening later this year, FX strategists said in a Reuters survey, on optimism

World Cup gives North American transit a chance to shine - or be booed

The 2026 World Cup is soccer's biggest stage, and for some of North America's rail and bus operators it will be a critical audition.

AlphaSense nearly doubles valuation to $7.5 billion in new funding round

Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.

Indonesia arrests officials over alleged corruption in free meals programme

Indonesian authorities arrested the recently dismissed head of an agency overseeing President Prabowo Subianto's flagship free meals programme on

Switzerland rejects findings of U.S. forced labour investigation

The Swiss government on Wednesday rejected U.S. findings on how dozens of economies, including Switzerland, deal with goods produced by forced labour, a probe that prompted

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says

European automotive, construction, metals, chemicals and transport sectors could lose up to 1.3 million jobs this year as a result of a surge in energy prices caused by

The world’s biggest tech companies are betting big on computers that control themselves

The world’s biggest tech companies are betting big on computers that control themselves

Cuba’s doctors are its biggest soft power export. Several Latin American countries are cutting ties

Cuba’s doctors are its biggest soft power export. Several Latin American countries are cutting ties

NBA Finals: Would you pay $4,000 – for a nosebleed seat?

NBA Finals: Would you pay $4,000 – for a nosebleed seat?

Ford to recall nearly 420,000 US vehicles over seat-belt issue, NHTSA says

Ford Motor will recall 419,967 vehicles in the U.S. as seat belts that do not retract or extend properly can fail to restrain occupants as intended, increasing the risk of injury in

UK services firms post first drop in activity since April 2025 as Iran war price pressure persists

British services firms suffered a small fall in activity in May as the strains of the Iran war pushed up their costs sharply and hit

Spanish hotel chain Melia exits Cuba over economic and geopolitical strains

Spanish hotel group Melia said on Wednesday it would immediately stop managing, marketing and providing brand services for 15 hotels in Cuba, pointing to the island's

European stocks fall as private market stress, Mideast tensions dent sentiment

European shares slipped on Wednesday as escalating Middle East tensions and fresh jitters over private markets pushed investors

Some signs point to larger inflation risk than in 2022, ECB blog argues

It is not a given that the current inflation shock facing the euro zone will be more benign than the 2022 episode, as some initial conditions flag larger inflationary

Toronto home sales rise the most in 10 months, prices dip

Greater Toronto Area home sales posted their biggest monthly gain in 10 months in May, helped by improved affordability, while prices resumed their recent

Zara owner Inditex defies consumer gloom with strong early summer sales

Zara owner Inditex reported a strong start to summer trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations,

High-profile Instagram AI chatbot breach spotlights security risks of automation

An Instagram hack that saw attackers talk Meta's AI support chatbot into handing over access to high-profile accounts has exposed a

ECB to ask banks for targeted measures to counter AI risk

The European Central Bank met commercial lenders last week to discuss the potential threat from the newest artificial intelligence models and will follow up with demands

US tech stocks' market dominance reaches new heights and presents new risks

The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group -- and more vulnerable should those market leaders

AI building boom ripples through inflation-hit Treasury market

The artificial-intelligence boom already has fueled a record stock-market surge. Now it's driving up long-term Treasury yields too.

Nippon Paint, Sherwin-Williams end takeover pursuit, AkzoNobel shares tumble

Nippon Paint and Sherwin-Williams have terminated efforts to jointly acquire rival paint maker AkzoNobel, they said on Wednesday, sending the Dulux

Guilty verdict against Andrew Left to shake up activist short-selling playbook

A U.S. jury's fraud conviction of prominent investor Andrew Left this week could rewrite the playbook for activist short sellers,

Software stocks bounce back - now comes the hard part

Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.

When IPOs go wrong: SpaceX, AI firms face a delicate process

Beware the ghosts of IPOs past.

A 'new Keiko' tests old Fujimori name in Peru's presidential runoff

Conservative Keiko Fujimori will seek Peru's presidency on Sunday in a runoff vote, hoping that her tough-on-crime stance at a time of

As US midterms near, Talarico tries to fend off culture war attacks in Texas

Even before all the votes had been counted in last week's Republican Senate primary in Texas, party members began rolling out attacks on the Democratic candidate,

UK orders Google to allow publishers to opt out of AI scraping for search summaries

British competition regulators have mandated that Google must allow news sites to opt out of having their content scraped for AI overviews

How China’s World Cup dream unraveled – and how it’s slowly growing again

How China’s World Cup dream unraveled – and how it’s slowly growing again

Australian judges weigh Indigenous activist’s bid to prosecute King Charles for genocide

Three Australian appeals court judges have reserved their decision on whether an activist can prosecute King Charles III for alleged genocide of Australia’s Indigenous people

Spanish service sector stabilises in May as sales return to growth, PMI shows

Spain's service sector activity stabilised in May as activity and sales returned to growth after April's decline, a business survey showed on Wednesday.

OECD says protracted war could drag on global growth, push up inflation

The global economic outlook hinges on how long the war in the Middle East lasts, with recession in some countries and sharply higher inflation a real

French services sector shrinks in May at fastest pace since late 2020, PMI shows

France's services sector contracted at its sharpest pace in 5-1/2 years in May as weaker demand and rising costs due to the Iran war hammered businesses, a survey showed on

Japan warns as traders push yen to 160 intervention zone

The yen weakened to levels that preceded intervention by Tokyo last month, prompting new warnings by policymakers on Wednesday and a small

Italy services costs at 3-year high as business contracts, PMI shows

Cost pressures in Italy's service sector hit a 40-month high in May as the impact of the conflict in the Middle East became more acute, a survey showed on Wednesday.

Amazon launches Prime in South Africa for under $4 a month

E-commerce giant Amazon.com said on Wednesday it has launched its paid Prime service in South Africa, offering faster deliveries and media content for 59 South African rand ($3.61)

Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction

Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services — a key gauge of economic health — dragged output

New U.S. tariffs on EU goods would be unacceptable, EU trade committee head says

Any new U.S. tariffs on European Union goods on top of the rates agreed last year would be unacceptable, senior EU lawmaker said on Wednesday, rejecting U.S. claims the EU

German services activity shrinks again in May as energy costs weigh, PMI shows

Germany's service sector contracted for a second straight month in May as subdued demand and high energy and other costs due to the war in the Middle East weighed on

California governor's primary pitted experience against promises of change

Two Democrats and a Republican are leading in early returns in California’s crowded primary in the race to replace Gov. Gavin newsom

Putin squeezes Armenia as Russia seeks to retain global clout

President Vladimir Putin has read long-term ally Armenia the riot act: persist in wanting to join the European Union and you can kiss goodbye to cheap

DeepSeek slated to raise $7 billion in maiden funding round, sources say

DeepSeek, China's best-known AI startup, is set to raise about 50 billion yuan ($7.4 billion) in its first funding round from investors including Tencent Holdings and CATL, people

Russian services contract in May at fastest pace since September 2025, PMI shows

Russia's services sector contracted in May at its quickest pace since September as weaker demand drove steeper falls in new orders and output, a business survey showed on

Philippine Senate ends impasse after President says 'get back to work'

Philippine senators broke a days-long legislative standoff on Wednesday after a member of the majority bloc broke ranks and appeared on the Senate floor, allowing a rival

Google must let UK publishers opt out of AI search under new rules

Britain has imposed new conduct requirements on Google's search services, including allowing publishers to stop their content being used to power the U.S. tech giant's AI features,

US targets India with forced labour tariff amid talks on trade pact

The United States has proposed an additional tariff of 12.5% on imports from India, saying it is among 60 economies that failed to curb imports made with

Former Interior Secretary Deb Haaland and ex-Mayor Gregg Hull to face off for New Mexico governor

Former Interior Secretary Deb Haaland has clinched the Democratic nomination for New Mexico governor

Marvell, a fitting name for the latest AI darling

A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday.

Russia repels drone attack over Leningrad region as economic forum kicks off

Russia downed 50 drones over the Leningrad region northwest of Moscow overnight and continues to repel the suspected Ukrainian attacks, Governor Alexander

Swiss voters look set to reject plan to limit population at 10 million, poll shows

Swiss voters look set to reject a referendum proposal to cap the country's population at 10 million people, according to an opinion poll published on Wednesday.

SpaceX plans to set IPO price at $135 per share, targeting record $75 billion raise, source says

In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 ‌per share to raise a record-setting $75 billion,

India's services growth hits six-month high on domestic demand, PMI shows

India's dominant services sector grew at its fastest pace in six months in May on a pick-up in domestic demand, even though global orders stayed below last year's average

Democrat Josh Turek and GOP's Ashley Hinson to compete for pivotal US Senate seat in Iowa

Iowa state Rep. Josh Turek won Tuesday’s Democratic primary for U.S. Senate and will next try to flip the seat currently held by GOP Sen. Joni Ernst, who is retiring

New prime minister says Solomon Islands will review its secretive security treaty with China

The Solomon Islands' new leader says the country will review its secretive security treaty with China

Megaport secures 4 AI deals, to raise $594 million to build inference cloud

Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts worth A$458.9 million and will raise A$827.3 million ($594 million)

Republican Miller-Meeks, Democrat Bohannan head for rematch in Iowa congressional race

Republican U.S.

BlackRock's Atlas freezes $1 billion in Brazil renewables investments

Atlas Renewable Energy, one of South America's largest clean power generators, has put plans for $1 billion in new investments in

Cambodia turns to obscure UN process to resolve maritime dispute with Thailand

Cambodia is betting on a little-used UN arbitration process known as "compulsory conciliation" to resolve a long-running maritime boundary dispute with Thailand and unlock

US Supreme Court clears way for Alabama to use pro-Republican voting map

The U.S.

Australia Q1 economic growth slows on trade drag, consumers struggle

Australia's economy slowed in the March quarter as strength in business investment was offset by a drag from trade, data showed on Wednesday, while higher

China services activity grows at fastest pace in three months, private PMI shows

China's services activity expanded at the fastest pace in three months in May, helped by stronger growth in new business and a rebound in overseas demand, though rising

Japan's services activity stagnates in May as costs surge, PMI shows

Japan's services sector ground to a halt in May after more than a year of expansion, as surging costs linked to the Middle East war dampened service demand and led to a 12-

USTR seeks comment on possible US-China tariff cuts under Board of Trade

The Office of the U.S.

South Korea ruling party set for local election gains, exit poll shows

South Korea's ruling Democratic Party is projected to make sweeping gains in local elections on Wednesday, an exit poll showed, but a close race in the key city

Hostilities flare in Iran war, oil jumps with talks at a stalemate

Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and

Applied Aerospace & Defense raises $650 million in US IPO

Private equity-backed government contractor Applied Aerospace & Defense said on Tuesday it had raised $650 million in its U.S. initial public ‌offering after pricing shares at $20

Goldman upgrades Taiwan, South Korea stocks as Asia rally intensifies

Gains for AI chipmaker stocks can continue, but risks of a pullback are growing, Goldman Sachs said in a note on Wednesday.

Bolivia's defense minister resigns as anti-government protests intensify

Bolivia's defense minister stepped down on Tuesday after a month of anti-government protests, two government sources said, marking the highest-level

China's real estate funk drags down yet another sector: property service providers

Providers of property services in China are struggling to collect management fees from disgruntled homeowners, threatening their revenue and house

Trump homeland secretary declines to commit to following court orders

U.S.

Japan's govt finalises $19 billion extra budget to subsidise surging fuel costs

Japanese Prime Minister Sanae Takaichi's government on Wednesday finalised a $19 billion supplementary budget for this fiscal year to cushion the impact of rising energy

Bayer says no plans to restructure despite litigation threat

Bayer has no plans to spin off Monsanto, a representative said on Tuesday, even as the company faces an avalanche of lawsuits over its

Scientists lose critical climate record as ocean observatory will go dark under Trump funding cuts

The Trump administration is dismantling a $386 million network of more than 900 ocean sensors funded by the National Science Foundation

Shopify expands share buyback program by $3 billion

Shopify said on Tuesday its board had approved an additional $3 billion share buyback program, bringing the Canadian e-commerce company's total repurchase authorization to $5

Mexican sugar producers push to scrap US import quotas

Mexico's sugar industry is pushing for the United States to eliminate limits on U.S. imports and is working on a potential anti-dumping case against

Ulta Beauty raises annual profit forecast on TikTok push, prestige demand

Ulta Beauty drew demand for higher-priced products and pulled in young customers through its CEO Kecia Steelman's TikTok push, helping

GameStop reports 14% rise in quarterly revenue, unveils $2 billion share buyback

Videogame retailer GameStop posted a 14% rise in quarterly revenue on Tuesday, buoyed by strong collectibles demand, and said its board approved a new $2 billion share repurchase

ChatGPT app hits 1 billion monthly active users in record time, data shows

OpenAI's ChatGPT has crossed 1 billion global monthly active app users, becoming the fastest app ever to reach the milestone, according to estimates from market intelligence firm

CopperTech Metals reports revenue surge in US IPO filing

CopperTech Metals reported a jump in revenue in its filing for U.S. initial public offering on Tuesday, as it looks to capitalize on the Trump administration's policy push for

Macquarie, IG4 to sell controlling stake in Brazil's CLI to AD Ports for $835 million

Australia's Macquarie Group said on Tuesday its asset management arm and Brazil's IG4 Capital agreed to sell a controlling stake in Corredor Logística e Infraestrutura S.A (CLI) to

Warsh pledges to follow best of Fed's traditions, while also looking for change

Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000

Trump administration drops $1.8 billion 'weaponization' fund after Republican backlash

The Trump administration is abandoning the president's $1.8 billion "weaponization" fund, U.S.

SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say

SpaceX, Elon Musk's rocket and satellite company, plans to target a valuation of $1.75 trillion in its blockbuster initial public offering, which will consist entirely

US still talking with countries to resettle Afghans as Rubio defends entry to white South Africans

Secretary of State Marco Rubio says the U.S. is still in discussions with several countries to resettle more than 1,000 Afghans who assisted America’s war effort

NHL's Dallas Stars plan move to suburbs in 5 years, with NBA's Mavs also leaving downtown then

The Dallas Stars are planning to move north, out of downtown and to the suburb of Plano in five years

How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California

A California man known as the crypto “Godfather” has admitted to playing a key role in a botched Connecticut kidnapping nearly two years ago

US Treasury issues new Iran sanctions targeting crypto exchanges

The United States issued new Iran-related sanctions on Tuesday, targeting individuals and crypto exchanges, a notice on the Treasury Department website showed.

Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports

Federal Reserve Chair Kevin Warsh has tapped two conservative policy veterans, Paul Winfree and Daniel Heil, to advise him while he settles into the job, the Wall Street Journal

Argentina seeks to join Trans-Pacific Partnership treaty, minister says

Argentine Foreign Minister Pablo Quirno said on Tuesday the country intends to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and will

Anthropic Mythos access to quadruple to about 200 Glasswing partners

Anthropic on Tuesday said it was planning a wider rollout of its artificial intelligence that has caught the attention of government and financial

Canada had a positive meeting with the US on free trade talks, Canadian minister says

Canada had a positive meeting with the U.S. on the review of their free trade deal, Canada's minister responsible for Canada-

Texas Instruments names insider Julie Knecht as finance chief

Texas Instruments on Tuesday named insider Julie Knecht as its finance chief, succeeding Rafael Lizardi, who will retire after 25 years with the analog chipmaker.

Meta scales back plan for internal mouse-tracking tech, citing staff concerns

Meta is dialing back elements of its plan to collect employee mouse movements, keystrokes and other actions for use as AI training data, it said in an internal memo on

US sanctions Iran's largest crypto exchange over IRGC links

The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted

Trading Day: New high? Still a buy

World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge

Palo Alto Networks raised its annual revenue and profit forecast on Tuesday, as enterprises increased spending on cloud, identity and AI-driven cybersecurity products amid a rising

World Cup could cost employers as workers tune into matches, survey finds

As the soccer World Cup is set to take over water cooler chats, employers may have trouble keeping workers focused during the tournament - and even getting them to the office in the

The Latest: Rubio testifies in back-to-back Capitol Hill hearings

Secretary of State Marco Rubio will face more questions about the Trump administration’s fragile or stalling diplomatic efforts around the world in back-to-back hearings on Capitol Hill for the first time since the Iran war began

Rubio is optimistic on eventual Iran nuclear talks despite congressional skepticism

Secretary of State Marco Rubio says he's optimistic about the potential for a resumption in nuclear talks with Iran despite a shaky ceasefire in the war that's looking increasingly in doubt

Did you switch to a healthcare job after struggling to find a job?

Did you switch to a healthcare job after struggling to find a job?

'Out of my lane.' Dr. Oz ducks questions during his turn in the White House briefing room

Dr. Mehmet Oz, head of the Centers for Medicare & Medicaid Services, has taken a turn in the White House briefing room

Wall Street inches to more records thanks to booming AI stocks

The U.S. stock market inched to more records as winners of the artificial-intelligence boom kept driving higher

Bangladesh's foreign minister defeats Cyprus' ambassador to be UN General Assembly president

Bangladesh's Foreign Minister Khalilur Rahman has won a hotly contested race to be the next president of the 193-member United Nations General Assembly

Trump administration proposes 25% tariffs on Brazil despite extensive US trade surplus

The Trump administration proposed 25% tariffs on imports from Brazil, charging that the world’s 10th-biggest economy engages in trade practices that are “unreasonable’’ and that “burden or restrict U.S. commerce

Community supports grieving family after triple homicide

Community supports grieving family after triple homicide

'Savvy's Stuffies': Girl's ER visit sparks effort to support kids in difficult situations

'Savvy's Stuffies': Girl's ER visit sparks effort to support kids in difficult situations

New York sues over the Trump administration's deal to end an offshore wind project

New York’s attorney general is suing the Trump administration over one of its deals to end an offshore wind project

Rubio grilled on Iran, says US won't swap sanctions relief for strait

U.S.

US picks Louisiana, Oklahoma rare earth projects for $134 million funding

The U.S. Department of Energy said on Tuesday it has selected projects in Louisiana and Oklahoma for $134 million in funding to extract rare earth elements from waste streams.

Ex-Hollywood, MAGA and Trump's ballroom commissioner: the U.S. crowd at Russia's 'Davos'

Russia's 'Davos' - formally known as the St Petersburg Economic Forum - kicks off on Wednesday and has attracted an eclectic crowd, including some Americans

Cuba defends military-run GAESA as US sanctions prompt hotel exodus

Cuba on Tuesday defended a military-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has contributed to the

Mexico backs extending USMCA trade pact for 16 years

Mexico's government has reiterated its support to extend the U.S.-Mexico Canada (USMCA) trade agreement for 16 years, Economy Minister Marcelo Ebrard said on Tuesday,

Goldman CEO says high oil prices could shift consumer behavior in second half of 2026

Goldman Sachs CEO David Solomon expects consumer behavior to change in the second half of 2026 if inflation picks up, fueled by higher oil

Wall St ends modestly higher as AI zeal overcomes Middle East jitters

The S&P 500 and the Dow closed modestly higher on Tuesday as risk appetite driven by AI fervor was counterbalanced by tensions arising from

Trump signs executive order asking for access to new AI models before they launch

Trump signs executive order asking for access to new AI models before they launch

Trump signs an executive order that invites vetting of top AI models for national security risks

President Donald Trump has signed a new executive order on oversight of artificial intelligence, less than two weeks after postponing a White House ceremony over his concerns that a similar policy could dull America’s edge on AI technology

Russia slams key Ukrainian cities in one of deadliest offensives in months

Russia slams key Ukrainian cities in one of deadliest offensives in months

Fear shadows Peru’s runoff vote as extortion and killings surge nationwide

Peru is grappling with a surge in extortion and violence, especially in areas like Trujillo

The Trump admin paid a French company $1 billion to not build offshore wind farms. Blue states are suing

The Trump admin paid a French company $1 billion to not build offshore wind farms. Blue states are suing

UAW strike against GM axle supplier continues without talks, union official says

Negotiations between a General Motors pickup truck axle supplier and the United Auto Workers have not taken place since the union launched a strike against

Union at Colombia's Ecopetrol launches 24-hour strike over labor talks

The main union at Colombia's state-run oil company Ecopetrol launched a 24-hour strike on Tuesday, protesting what it called a deadlock in negotiations

Brazil's Lula nods to China as Trump administration proposes 25% tariff

Brazilian President Luiz Inacio Lula da Silva on Tuesday highlighted his country's ties with China after the U.S. proposed a new punitive tariff of 25% on many imports

Oil prices rise to one-week high as Iran reviews US proposal to halt war

Oil prices climbed about 1% to a one-week high in volatile trade on Tuesday as the market waited for news on the Iran war, with Tehran reviewing a

Blue Origin's New Glenn rocket to return to flight before year ends, CEO says

Blue Origin will return its New Glenn rocket to flight before the year ends, CEO Dave Limp said late on Monday, days after one of the rockets exploded, damaging the

Flesh-eating screwworm detected 25 miles from US border in Mexico, USDA says

A parasitic fly that eats warm-blooded animals alive and could cause millions of dollars in economic damage was found in Mexico within 25 miles of the

US lawmakers propose ending 12% excise tax on heavy-duty trucks

Two U.S. senators on Tuesday proposed ending the 12% federal excise tax on heavy-duty trucks, saying it could boost sales of newer, cleaner models.

US exchanges extend selloff as perpetual futures approval unnerves investors

The selloff in the shares of U.S. bourse operators continued on Tuesday on worries over the risk implications of perpetual futures for cryptocurrencies and fear among investors that

World stocks rally on AI optimism; jitters over Iran persist

Global stocks rallied on Tuesday, buoyed by AI optimism, while oil prices edged higher amid rising uncertainty over a possible

US states sue Trump administration over deal to scrap offshore wind project

Seven U.S. states led by New York sued the Trump administration and a French energy firm on Tuesday for canceling a major offshore wind lease off the coast of New

Trump makes changes to steel, aluminum and copper tariffs

President Donald Trump on Monday adjusted tariffs on some steel, aluminum and copper imports, lowering some tariffs on farming equipment and extending tariffs on other equipment

Trump names controversial top housing official to be acting director of national intelligence

Trump names controversial top housing official to be acting director of national intelligence

General Mills agrees to sell Häagen-Dazs shops in China to investor group

General Mills is selling its Häagen-Dazs ice cream shops in China to a group of investors that includes a Chinese tea brand

German labour agency faces over 8 billion euro deficit in 2026, report says

Germany's Federal Employment Agency (BA) faces a deficit of more than €8 billion euros ($9.3 billion) this year, more than twice the shortfall previously planned, according

Retail investors fuel record buying in US software ETF as AI trade broadens

The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed.

Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says

Israel's short-term interest rates could fall at a faster pace if inflation continues to ease as a result of increased optimism over a ceasefire deal

Philip Morris cuts annual profit forecast as currency volatility bites

Philip Morris International cut its annual profit forecast on Tuesday citing currency swings, though CEO Jacek Olczak said other risks to achieving its outlook such as rising energy

Carney says some Canadian economic data will be uneven