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Today: June 05, 2026
Today: June 05, 2026

Economy

Business|Economy|Europe|Political|World

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens

Ukrainian drones strike St. Petersburg, hours before ‘Putin’s Davos’ opens
Economy|Health|Political|World

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

Indonesia arrests former nutrition agency head and officials in corruption investigation
Economy|Election|Finance|Political|US|World

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

Hilton, Becerra maintain leads in primary race for California governor
Economy|Finance|World

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

Israel plans major settlement push across occupied West Bank
Business|Economy|Finance|World

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

Canada's services PMI edges up to 18-month high, operating costs accelerate 
Business|Economy|Technology|World

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

Resilient Saudi economy proves a draw for wartime Gulf business
Business|Economy|Finance|Stock Markets|US|World

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

US services sector expands in May; supply constraints raise prices
Business|Crime|Economy|Finance|Stock Markets

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

U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says
Business|Economy|Finance|Stock Markets|US|World

Fed policy is in 'right place' amid inflation risks, Williams tells Yahoo Finance

By Michael S.

Fed policy is in 'right place' amid inflation risks, Williams tells Yahoo Finance
Business|Economy|Political|World

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.

Mexico says USMCA-compliant exports would be exempt from US forced-labor tariffs
Business|Economy|Finance|Stock Markets|Technology

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

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
Business|Economy|Environment|Science|Technology

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.

USA Rare Earth finalizes deals for up to $1.6 billion in funding under CHIPS Act
Business|Economy|Finance|World

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

US service sector growth picks up in May; businesses face higher prices for inputs
Business|Economy|Finance|Stock Markets|World

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

Yen dips to 160 level, prompting warnings from Japanese officials
Crime|Economy|Travel|World

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers

Hidden in underwear: CBP seizes nearly $100K from Dulles travelers
Business|Economy|Europe|Technology|World

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

European Union launches tech sovereignty initiative to boost chips, cloud and AI at home
Business|Economy|Finance|Stock Markets|Technology

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

AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns
Business|Economy|Lifestyle|Sports|World

In Argentina, amateur soccer offers a gritty economic lifeline

Emiliano Migueles starts his days early, delivering water.

In Argentina, amateur soccer offers a gritty economic lifeline
Business|Economy|Europe|Political|World

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

Bosnia seeks new peace envoy after sudden Schmidt exit
Business|Economy|Environment|Travel|World

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,

Strain grows on shipping industry with vessels stuck inside Hormuz
Business|Economy|Finance|Stock Markets|US

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 asset managers fall as investors brace for updates on private credit fund withdrawals
Business|Economy|World

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

US retailers brace for bigger consumer stress test as war drags on
Business|Economy|Travel|World

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

Many airlines hit hard by jet fuel price swings, not all can hedge, IATA says
Business|Economy|Political|Science|Technology|World

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.

EU targets Big Tech dependence with 'made-in-Europe' drive
Economy|Political|World

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.

War may end in interim deal that leaves Iran battered but unbowed
Business|Economy|Environment|Europe|Technology

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

Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year
Business|Economy|World

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

Bangladesh seeks new IMF lending deal, officials say
Business|Economy|Finance|MidEast|Stock Markets|World

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.

S&P 500, Dow tick lower on Middle East stalemate
Business|Economy|Entertainment|Fashion and Beauty|Finance|Stock Markets|US

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

Macy's raises annual forecasts as luxury focus draws affluent shoppers
Business|Economy|Europe|Finance|Political|US|World

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

Russia bets on air war as it stumbles on the battlefield
Business|Economy|Entertainment|Sports|Travel

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.

Inflation and immigration fears threaten to dampen Miami’s economic benefits from the World Cup
Arts|Business|Economy|Education|Environment|Finance|Health|Lifestyle|US

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.

When private equity firms buy mobile home parks, rent increases leave residents with few affordable options in rural areas
Asia|Business|Economy|Finance|MidEast|Stock Markets|World

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

Disruption of Mideast energy supplies into next year would slam global economy
Business|Economy|Technology

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,

Private infra, real estate capital to play larger financing role in AI data center boom, Goldman says
Business|Economy|Science|Technology|World

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide

(Amends dateline) By Gleb Bryanski and Elena Fabrichnaya ST.

Russia's Sberbank offers AI model to Global South states keen to bridge digital divide
Business|Economy|Finance|Political|Stock Markets|World

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

Indonesian parliamentary panel backs bill to expand role of central bank
Business|Economy|Finance|Stock Markets|World

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

Quantum leap
Economy|Europe|World

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

ECB June hike a done deal, another likely in September, economists say
Economy|Environment|Health|Political|World

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.

How Cubans keep going, despite US pressure and fuel blockade
Business|Economy|Finance|World

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

Dollar bears cling to optimism as war-led inflation tests Fed path: Reuters poll
Business|Economy|Sports|Travel

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.

World Cup gives North American transit a chance to shine - or be booed
Business|Economy|Finance|Stock Markets|Technology

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.

AlphaSense nearly doubles valuation to $7.5 billion in new funding round
Business|Crime|Economy|Health|Political

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

Indonesia arrests officials over alleged corruption in free meals programme
Business|Economy|Europe|World

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

Switzerland rejects findings of U.S. forced labour investigation
Business|Economy|Environment|Europe|Finance|World

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

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says
Business|Economy|Finance|Science|Technology

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

The world’s biggest tech companies are betting big on computers that control themselves
Business|Economy|Health|World

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

Cuba’s doctors are its biggest soft power export. Several Latin American countries are cutting ties
Business|Economy|Entertainment|Sports

NBA Finals: Would you pay $4,000 – for a nosebleed seat?

NBA Finals: Would you pay $4,000 – for a nosebleed seat?

NBA Finals: Would you pay $4,000 – for a nosebleed seat?
Business|Economy|Environment|Health|Technology

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

Ford to recall nearly 420,000 US vehicles over seat-belt issue, NHTSA says
Business|Economy|Europe|Finance|MidEast|Stock Markets|World

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

UK services firms post first drop in activity since April 2025 as Iran war price pressure persists
Business|Economy|Travel|World

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

Spanish hotel chain Melia exits Cuba over economic and geopolitical strains
Business|Economy|Europe|Stock Markets|World

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

European stocks fall as private market stress, Mideast tensions dent sentiment
Economy|Europe|World

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

Some signs point to larger inflation risk than in 2022, ECB blog argues
Business|Economy|Finance|Stock Markets|World

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

Toronto home sales rise the most in 10 months, prices dip
Business|Celebrity|Economy|Fashion and Beauty|Finance|Stock Markets

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,

Zara owner Inditex defies consumer gloom with strong early summer sales
Business|Economy|Finance|Technology

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

High-profile Instagram AI chatbot breach spotlights security risks of automation
Business|Economy|Finance|Science|Technology|World

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

ECB to ask banks for targeted measures to counter AI risk
Business|Economy|Finance|Stock Markets|Technology

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

US tech stocks' market dominance reaches new heights and presents new risks
Business|Economy|Finance|Stock Markets|Technology

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.

AI building boom ripples through inflation-hit Treasury market
Business|Economy|Finance|Stock Markets|World

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

Nippon Paint, Sherwin-Williams end takeover pursuit, AkzoNobel shares tumble
Business|Crime|Economy|Finance|Stock Markets|US

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,

Guilty verdict against Andrew Left to shake up activist short-selling playbook
Business|Economy|Finance|Stock Markets|Technology|US

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.

Software stocks bounce back - now comes the hard part
Business|Economy|Finance|Stock Markets|Technology

When IPOs go wrong: SpaceX, AI firms face a delicate process

Beware the ghosts of IPOs past.

When IPOs go wrong: SpaceX, AI firms face a delicate process
Crime|Economy|Election|Political|World

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

A 'new Keiko' tests old Fujimori name in Peru's presidential runoff
Business|Economy|Education|Finance|Political|US|World

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,

As US midterms near, Talarico tries to fend off culture war attacks in Texas
Business|Economy|Technology|World

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

UK orders Google to allow publishers to opt out of AI scraping for search summaries
Arts|Business|Economy|Education|Entertainment|Lifestyle|Political|Sports

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

How China’s World Cup dream unraveled – and how it’s slowly growing again
Arts|Australia|Business|Crime|Economy|Education|Entertainment|Environment|Health|Lifestyle|Political|World

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

Australian judges weigh Indigenous activist’s bid to prosecute King Charles for genocide
Business|Economy|Europe|World

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.

Spanish service sector stabilises in May as sales return to growth, PMI shows
Asia|Business|Economy|Europe|MidEast|World

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

OECD says protracted war could drag on global growth, push up inflation
Business|Economy|Europe|Finance|World

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

French services sector shrinks in May at fastest pace since late 2020, PMI shows
Asia|Economy|Finance|Stock Markets|World

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

Japan warns as traders push yen to 160 intervention zone
Business|Economy|Europe|Finance|World

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.

Italy services costs at 3-year high as business contracts, PMI shows
Business|Economy|Technology|World

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)

Amazon launches Prime in South Africa for under $4 a month
Business|Economy|Europe|World

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

Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction
Economy|Europe|Political|World

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

New U.S. tariffs on EU goods would be unacceptable, EU trade committee head says
Business|Economy|Europe|World

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

German services activity shrinks again in May as energy costs weigh, PMI shows
Economy|Education|Election|Environment|Finance|Political

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

California governor's primary pitted experience against promises of change
Economy|Europe|Political|World

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

Putin squeezes Armenia as Russia seeks to retain global clout
Business|Economy|Science|Technology|World

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

DeepSeek slated to raise $7 billion in maiden funding round, sources say
Business|Economy|World

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

Russian services contract in May at fastest pace since September 2025, PMI shows
Business|Economy|Political|World

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

Philippine Senate ends impasse after President says 'get back to work'
Arts|Business|Economy|Environment|Technology|World

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,

Google must let UK publishers opt out of AI search under new rules
Asia|Business|Economy|Finance|Political|World

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

US targets India with forced labour tariff amid talks on trade pact
Crime|Economy|Education|Election|Political

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

Former Interior Secretary Deb Haaland and ex-Mayor Gregg Hull to face off for New Mexico governor
Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|Technology|World

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.

Marvell, a fitting name for the latest AI darling
Business|Economy|Europe|Finance|Political|World

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

Russia repels drone attack over Leningrad region as economic forum kicks off
Economy|Environment|Europe|World

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.

Swiss voters look set to reject plan to limit population at 10 million, poll shows
Business|Economy|Technology

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,

SpaceX plans to set IPO price at $135 per share, targeting record $75 billion raise, source says
Business|Economy|Finance|World

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

India's services growth hits six-month high on domestic demand, PMI shows
Economy|Election|Environment|Finance|Political

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

Democrat Josh Turek and GOP's Ashley Hinson to compete for pivotal US Senate seat in Iowa
Asia|Australia|Business|Economy|Finance|Political|World

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

New prime minister says Solomon Islands will review its secretive security treaty with China
Australia|Business|Economy|Finance|Stock Markets|Technology

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)

Megaport secures 4 AI deals, to raise $594 million to build inference cloud
Economy|Election|Finance|Health|Political|US

Republican Miller-Meeks, Democrat Bohannan head for rematch in Iowa congressional race

Republican U.S.

Republican Miller-Meeks, Democrat Bohannan head for rematch in Iowa congressional race
Business|Economy|Environment|Technology|World

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

BlackRock's Atlas freezes $1 billion in Brazil renewables investments
Business|Economy|Environment|Political|World

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

Cambodia turns to obscure UN process to resolve maritime dispute with Thailand
Business|Crime|Economy|Election|Finance|Political|US|World

US Supreme Court clears way for Alabama to use pro-Republican voting map

The U.S.

US Supreme Court clears way for Alabama to use pro-Republican voting map
Australia|Business|Economy|World

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

Australia Q1 economic growth slows on trade drag, consumers struggle
Business|Economy|World

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

China services activity grows at fastest pace in three months, private PMI shows
Business|Economy|World

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-

Japan's services activity stagnates in May as costs surge, PMI shows
Business|Economy|World

USTR seeks comment on possible US-China tariff cuts under Board of Trade

The Office of the U.S.

USTR seeks comment on possible US-China tariff cuts under Board of Trade
Business|Economy|Finance|World

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

South Korea ruling party set for local election gains, exit poll shows
Business|Economy|MidEast|Political|World

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

Hostilities flare in Iran war, oil jumps with talks at a stalemate
Business|Economy|Finance|Stock Markets|Technology|US

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

Applied Aerospace & Defense raises $650 million in US IPO
Business|Economy|Finance|Stock Markets|Technology|World

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.

Goldman upgrades Taiwan, South Korea stocks as Asia rally intensifies
Americas|Business|Economy|Environment|Finance|Political|World

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

Bolivia's defense minister resigns as anti-government protests intensify
Business|Economy|Finance|World

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

China's real estate funk drags down yet another sector: property service providers
Business|Economy|Political|Travel|World

Trump homeland secretary declines to commit to following court orders

U.S.

Trump homeland secretary declines to commit to following court orders
Business|Economy|Environment|Political|World

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

Japan's govt finalises $19 billion extra budget to subsidise surging fuel costs
Business|Economy|Environment|Health|Science|World

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

Bayer says no plans to restructure despite litigation threat
Economy|Education|Environment|Science|Technology

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

Scientists lose critical climate record as ocean observatory will go dark under Trump funding cuts
Business|Economy|Finance|Stock Markets|Technology

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

Shopify expands share buyback program by $3 billion
Business|Economy|Political|World

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

Mexican sugar producers push to scrap US import quotas
Arts|Business|Economy|Entertainment|Fashion and Beauty|Lifestyle

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

Ulta Beauty raises annual profit forecast on TikTok push, prestige demand
Business|Economy|Entertainment|Finance|Stock Markets|Technology

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

GameStop reports 14% rise in quarterly revenue, unveils $2 billion share buyback
Business|Economy|Science|Technology

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

ChatGPT app hits 1 billion monthly active users in record time, data shows
Business|Economy|Environment|Finance|Stock Markets|Technology|US|World

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

CopperTech Metals reports revenue surge in US IPO filing
Business|Economy|Finance|Stock Markets|World

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

Macquarie, IG4 to sell controlling stake in Brazil's CLI to AD Ports for $835 million
Business|Economy|Finance|World

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

Warsh pledges to follow best of Fed's traditions, while also looking for change
Business|Crime|Economy|Finance|Political|Stock Markets|US|World

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.

Trump administration drops $1.8 billion 'weaponization' fund after Republican backlash
Business|Economy|Technology

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

SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say
Economy|Finance|US|World

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

US still talking with countries to resettle Afghans as Rubio defends entry to white South Africans
Business|Economy|Entertainment|Environment|Sports|Travel

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

NHL's Dallas Stars plan move to suburbs in 5 years, with NBA's Mavs also leaving downtown then
Business|Crime|Economy|Lifestyle|Technology

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

How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California
Business|Economy|Technology|World

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.

US Treasury issues new Iran sanctions targeting crypto exchanges
Business|Economy|Finance|World

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

Fed Chair Warsh names policy veterans Winfree, Heil as interim advisers, WSJ reports
Business|Economy|Political|World

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

Argentina seeks to join Trans-Pacific Partnership treaty, minister says
Business|Economy|Finance|Science|Technology

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

Anthropic Mythos access to quadruple to about 200 Glasswing partners
Business|Economy|Political|World

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-

Canada had a positive meeting with the US on free trade talks, Canadian minister says
Business|Economy|Finance|Technology

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.

Texas Instruments names insider Julie Knecht as finance chief
Business|Economy|Finance|Science|Technology|US|World

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

Meta scales back plan for internal mouse-tracking tech, citing staff concerns
Business|Economy|Technology|World

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

US sanctions Iran's largest crypto exchange over IRGC links
Business|Economy|Finance|Stock Markets|World

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

Trading Day: New high? Still a buy
Business|Economy|Finance|Stock Markets|Technology

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

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge
Business|Economy|Sports|World

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

World Cup could cost employers as workers tune into matches, survey finds
Business|Economy|Election|Finance|Political|Stock Markets|US|World

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

The Latest: Rubio testifies in back-to-back Capitol Hill hearings
Economy|Political|World

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

Rubio is optimistic on eventual Iran nuclear talks despite congressional skepticism
Business|Economy|Health

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?

Did you switch to a healthcare job after struggling to find a job?
Economy|Health|Political|World

'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

'Out of my lane.' Dr. Oz ducks questions during his turn in the White House briefing room
Business|Economy|Finance|Stock Markets|World

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

Wall Street inches to more records thanks to booming AI stocks
Business|Economy|Education|Election|Environment|Finance|Political|Stock Markets|World

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

Bangladesh's foreign minister defeats Cyprus' ambassador to be UN General Assembly president
Business|Economy|Finance|Political|World

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

Trump administration proposes 25% tariffs on Brazil despite extensive US trade surplus
Business|Crime|Economy|Environment|Health|Lifestyle

Community supports grieving family after triple homicide

Community supports grieving family after triple homicide

Community supports grieving family after triple homicide
Business|Economy|Education|Entertainment|Environment|Health|Lifestyle

'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

'Savvy's Stuffies': Girl's ER visit sparks effort to support kids in difficult situations
Business|Economy|Environment|Political

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

New York sues over the Trump administration's deal to end an offshore wind project
Economy|Political|US|World

Rubio grilled on Iran, says US won't swap sanctions relief for strait

U.S.

Rubio grilled on Iran, says US won't swap sanctions relief for strait
Business|Economy|Environment|Science|Technology

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.

US picks Louisiana, Oklahoma rare earth projects for $134 million funding
Business|Economy|Entertainment|Lifestyle|World

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

Ex-Hollywood, MAGA and Trump's ballroom commissioner: the U.S. crowd at Russia's 'Davos'
Business|Economy|World

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

Cuba defends military-run GAESA as US sanctions prompt hotel exodus
Business|Economy|Finance|Political|World

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,

Mexico backs extending USMCA trade pact for 16 years
Business|Economy|Finance|Stock Markets|US

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

Goldman CEO says high oil prices could shift consumer behavior in second half of 2026
Business|Economy|Finance|Stock Markets|Technology

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

Wall St ends modestly higher as AI zeal overcomes Middle East jitters
Business|Economy|Science|Technology|World

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 executive order asking for access to new AI models before they launch
Business|Economy|Political|Science|Technology|World

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

Trump signs an executive order that invites vetting of top AI models for national security risks
Crime|Economy|Europe|Finance|Political|World

Russia slams key Ukrainian cities in one of deadliest offensives in months

Russia slams key Ukrainian cities in one of deadliest offensives in months

Russia slams key Ukrainian cities in one of deadliest offensives in months
Americas|Crime|Economy|Political|World

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

Fear shadows Peru’s runoff vote as extortion and killings surge nationwide
Business|Economy|Environment|World

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

The Trump admin paid a French company $1 billion to not build offshore wind farms. Blue states are suing
Business|Economy

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

UAW strike against GM axle supplier continues without talks, union official says
Business|Economy|Environment|World

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

Union at Colombia's Ecopetrol launches 24-hour strike over labor talks
Business|Economy|Finance|Political|Stock Markets|US|World

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

Brazil's Lula nods to China as Trump administration proposes 25% tariff
Business|Economy|Finance|Stock Markets|World

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

Oil prices rise to one-week high as Iran reviews US proposal to halt war
Business|Economy|Environment|Finance|Science|Technology|US

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

Blue Origin's New Glenn rocket to return to flight before year ends, CEO says
Business|Economy|Environment|Health|Science

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

Flesh-eating screwworm detected 25 miles from US border in Mexico, USDA says
Business|Economy|Environment|Political|US

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 lawmakers propose ending 12% excise tax on heavy-duty trucks
Business|Economy|Finance|Stock Markets|US

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

US exchanges extend selloff as perpetual futures approval unnerves investors
Business|Economy|Finance|Stock Markets|Technology|World

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

World stocks rally on AI optimism; jitters over Iran persist
Business|Economy|Environment

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

US states sue Trump administration over deal to scrap offshore wind project
Business|Economy|Finance|Political|Stock Markets|US|World

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 makes changes to steel, aluminum and copper tariffs
Business|Economy|Political|US|World

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

Trump names controversial top housing official to be acting director of national intelligence
Arts|Business|Economy|Food|World

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

General Mills agrees to sell Häagen-Dazs shops in China to investor group
Business|Economy|Europe|Finance|Political|Stock Markets|World

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

German labour agency faces over 8 billion euro deficit in 2026, report says
Business|Economy|Finance|Stock Markets|Technology

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.

Retail investors fuel record buying in US software ETF as AI trade broadens
Business|Economy|Finance|Stock Markets|World

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

Israel rates may fall faster if Iran ceasefire lowers inflation, cenbank chief says
Business|Economy|Finance|Stock Markets|World

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

Philip Morris cuts annual profit forecast as currency volatility bites
Business|Economy|Finance|Political|World

Carney says some Canadian economic data will be uneven

Canadian Prime Minister Mark Carney, pressed about statistics showing the country is in a technical recession, on Tuesday told reporters that as the government pressed ahead

Carney says some Canadian economic data will be uneven
Business|Economy|Finance|Stock Markets|Technology

Wall Street slips at open after record highs; HPE soars

Wall Street's main indexes opened lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from

Wall Street slips at open after record highs; HPE soars
Business|Economy|Political|World

Greer says USTR to release more Section 301 actions soon, proposed Brazil tariffs 'nuanced'

U.S.

Greer says USTR to release more Section 301 actions soon, proposed Brazil tariffs 'nuanced'
Business|Economy|US|World

Trump administration proposes 25% tariff to punish Brazil over trade practices

The Trump administration has proposed a new punitive tariff of 25% on many imports from Brazil, after deciding its

Trump administration proposes 25% tariff to punish Brazil over trade practices
Business|Economy|Finance|Stock Markets|US

Dollar General flags strain on core shoppers, lifts profit forecast

Dollar General warned on Tuesday that its core customers remain under pressure from higher gas prices, prompting the discount retailer to hold its annual sales

Dollar General flags strain on core shoppers, lifts profit forecast
Economy|Environment|Europe|World

Frederiksen set to start a third term as Danish prime minister thanks to firm position on Greenland

Mette Frederiksen is set to begin a third term as Denmark’s prime minister by leading a center-left coalition of four parties

Frederiksen set to start a third term as Danish prime minister thanks to firm position on Greenland
Arts|Business|Economy|Environment|Europe|Finance|Lifestyle|Political|Sports|Technology|Travel|US|World

Putin's 'Davos' haunted by war and stagnation despite the swank of influencers

A right-wing U.S. influencer, a serving U.S. official and a German retail billionaire are due to attend President Vladimir Putin's "

Putin's 'Davos' haunted by war and stagnation despite the swank of influencers
Business|Economy|US|World

US job openings rise by the most since 2021; hiring weak amid economic uncertainty

U.S. job openings increased by the most in five years in April, but the surge likely overstates the labor market's health, as hiring declined against

US job openings rise by the most since 2021; hiring weak amid economic uncertainty
Africa|Business|Crime|Economy|Political|World

Mozambique says five nationals die in South African anti-immigrant attacks

Mozambique said five of its citizens died in anti-immigration violence in the South African town of Mossel Bay over the weekend in the latest flare-up of

Mozambique says five nationals die in South African anti-immigrant attacks
Business|Economy|Environment|Technology|US

USA Rare Earth to invest $1.2 billion in South Carolina facility to boost domestic supply

USA Rare Earth said on Tuesday it will invest $1.2 billion to build a magnet manufacturing and rare earth metals facility in South Carolina, as it expands domestic production

USA Rare Earth to invest $1.2 billion in South Carolina facility to boost domestic supply
Business|Economy|Finance|Stock Markets|World

Dollar in tight range as traders eye Middle East peace talks

The dollar traded in a narrow range on Tuesday as investors stayed on alert for signs of progress on a potential deal to reopen the Strait of Hormuz. 

Dollar in tight range as traders eye Middle East peace talks
Americas|Business|Crime|Economy|Lifestyle|US|World

Four charged after suspected cartel tunnel found beneath store near Otay Mesa border crossing

Four charged after suspected cartel tunnel found beneath store near Otay Mesa border crossing

Four charged after suspected cartel tunnel found beneath store near Otay Mesa border crossing
Business|Economy|Finance|Stock Markets|Technology

AI demand, earnings optimism lift tech giants' market value in May

The world's most valuable technology companies with the exception of Alphabet added billions of dollars in market value in May, as upbeat earnings outlooks and strong demand for AI

AI demand, earnings optimism lift tech giants' market value in May
Business|Crime|Economy|World

Local party chief probed after 82 killed in Chinese mining tragedy

A party chief in the northern coal-rich Chinese province of Shanxi is under investigation over "suspected serious violations of discipline and law", the local anti-graft

Local party chief probed after 82 killed in Chinese mining tragedy
Economy|Europe|Finance|World

Danish PM unveils plans for welfare push, defiance of Trump

Danish Prime Minister Mette Frederiksen's new centre-left government will resist U.S. pressure over the future of Greenland, tackle

Danish PM unveils plans for welfare push, defiance of Trump
Business|Economy|Finance|Stock Markets|World

Oil market could be underpricing risks, Vitol's Bahrain chief says

The oil market is underpricing some risks from the Iran war, global commodity trading house Vitol's managing director for Bahrain, Tom Baker, said on

Oil market could be underpricing risks, Vitol's Bahrain chief says
Business|Economy|World

UniCredit says it met its goal in Commerzbank bid as stake reaches 34%

Italian bank UniCredit has increased its direct stake in Commerzbank to 34.4%, it said on Tuesday, under the takeover bid it launched on May 5 amid widespread

UniCredit says it met its goal in Commerzbank bid as stake reaches 34%
Business|Economy|Finance|Political|Stock Markets|World

Bank of England's Bailey says public must be given confidence in 2% inflation target

Bank of England Governor Andrew Bailey said on Tuesday it was important to get UK inflation back to target and give households confidence

Bank of England's Bailey says public must be given confidence in 2% inflation target
Economy|Environment|Political|World

Iran studying deal to halt war, as Trump says talks going on continuously

Iran is reviewing a proposed agreement with the U.S. to halt their war but has not communicated with Washington for a few days,

Iran studying deal to halt war, as Trump says talks going on continuously
Economy|Education|Election|Environment|Political

Democrats don’t get why they’ve lost most working class voters

Class-war rhetoric from Democratic candidates jams working-class voters into a prefabricated progressive agenda, an expert on rural and working-class communities argues.

Democrats don’t get why they’ve lost most working class voters
Business|Economy|Environment|Science|Technology

Letting private companies use Cold War-era plutonium could set a dangerous precedent, senator says

Letting private companies use Cold War-era plutonium could set a dangerous precedent, senator says

Letting private companies use Cold War-era plutonium could set a dangerous precedent, senator says
Business|Crime|Economy|Finance|Stock Markets|US

Short seller Andrew Left convicted of securities fraud

A federal grand jury in California has convicted short seller Andrew Left of securities fraud

Short seller Andrew Left convicted of securities fraud
Business|Economy|Finance|Stock Markets|US

US job openings are at their highest level in nearly two years

US job openings are at their highest level in nearly two years

US job openings are at their highest level in nearly two years
Business|Economy|Finance|Stock Markets|US|World

US job openings climbed to 7.6 million in April despite economic fallout from the Iran war

U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war

US job openings climbed to 7.6 million in April despite economic fallout from the Iran war
Economy|Finance|Political|World

UK budget watchdog will factor stickier inflation into next forecasts

Britain's budget watchdog said on Tuesday it will factor in the unexpectedly strong persistence of inflation after the 2022 energy price shock when it

UK budget watchdog will factor stickier inflation into next forecasts
Business|Economy|Finance|MidEast|Political|World

Netanyahu faces criticism after Trump halts Israeli strikes on Beirut

Benjamin Netanyahu is under criticism at home after U.S.

Netanyahu faces criticism after Trump halts Israeli strikes on Beirut
Business|Economy|Finance|Stock Markets|US|World

John Delaney's Forbright targets $994 million valuation in US IPO

Forbright, founded by former U.S.

John Delaney's Forbright targets $994 million valuation in US IPO
Business|Economy|Europe|Technology|World

China's carmakers expand their presence in Europe

Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American

China's carmakers expand their presence in Europe
Business|Economy|Science|Technology

How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap

Micron Technology's march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.

How a nudge from Nvidia propelled frugal Micron into the AI boom and a $1 trillion market cap
Business|Economy|Technology|World

Tesla extends Chinese-made EV growth as sales surge in May

Tesla's Chinese-made electric vehicle sales jumped 39.4% from a year earlier in May, marking a seventh consecutive month of growth as it held its ground against Chinese

Tesla extends Chinese-made EV growth as sales surge in May
Business|Economy|Finance|World

IMF flags central bank independence gaps across Middle East, Central Asia

Central banks in the Middle East, Central Asia and the Caucasus need stronger protection from political pressure and government financing demands to keep inflation

IMF flags central bank independence gaps across Middle East, Central Asia
Economy|Education|Environment|Health|Political|World

UN warns funding cuts could worsen Rohingya crisis in Bangladesh

The U.N. refugee agency warned on Tuesday that declining humanitarian funding could significantly worsen conditions for around 1.2 million Rohingya refugees in Bangladesh,

UN warns funding cuts could worsen Rohingya crisis in Bangladesh
Economy|Health|World

Iran war disruption threatening delivery of lifesaving supplies for children, UN says

Surging global transport costs and supply chain disruptions linked to the Middle East crisis are threatening the delivery of lifesaving aid to children, the U.N. children's

Iran war disruption threatening delivery of lifesaving supplies for children, UN says
Business|Economy|Entertainment|Fashion and Beauty|Stock Markets

Victoria's Secret soars 50% as turnaround powers upbeat annual forecasts

Victoria's Secret shares jumped about 50% to a record high and were set for their best day ever on Tuesday, after the lingerie retailer raised its annual forecasts after posting

Victoria's Secret soars 50% as turnaround powers upbeat annual forecasts
Business|Economy|Environment|Finance|Lifestyle|Travel

Sticker shock meets gridlock: LA motorists keep driving at any price

If you thought soaring pump prices since the onset of the Iran war might help clear the notoriously clogged highways of Los Angeles, think again.

Sticker shock meets gridlock: LA motorists keep driving at any price
Business|Economy|Finance|Stock Markets|Technology

HPE shares soar 28% as demand for AI infrastructure powers stellar quarter

Hewlett Packard Enterprise shares surged 28% on Tuesday after a rosy quarter that put it on track to hit long-term financial targets two years ahead of schedule, the latest evidence

HPE shares soar 28% as demand for AI infrastructure powers stellar quarter
Business|Economy|Science|Technology

Morningstar values SpaceX at $780 billion, half its IPO target

Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public

Morningstar values SpaceX at $780 billion, half its IPO target
Business|Economy|Finance|Political|World

Fed's Hammack says rates may need to rise if rising inflation does not abate

By Michael S.

Fed's Hammack says rates may need to rise if rising inflation does not abate
Business|Economy|Finance|Technology|World

Mastercard appoints insider Ling Hai CFO in leadership reshuffle

Mastercard named Ling Hai as chief financial officer on Tuesday to succeed Sachin Mehra, who will step into the newly created role of chief business officer, as the payments giant

Mastercard appoints insider Ling Hai CFO in leadership reshuffle
Business|Economy|Education|Environment|Health|Political

Philadelphia man among over 35,000 former federal workers waiting for full retirement benefits

Philadelphia man among over 35,000 former federal workers waiting for full retirement benefits

Philadelphia man among over 35,000 former federal workers waiting for full retirement benefits
Business|Economy|World

Israel's weapons exports reach a record high with sales doubling in the past 5 years

Israel's weapons exports reached a record high of over $19 billion last year, marking a 30% increase from 2024, according to Israel's Defense Ministry

Israel's weapons exports reach a record high with sales doubling in the past 5 years
Asia|Business|Economy|World

Cambodia initiates action with UN agency to force conciliation of maritime dispute with Thailand

Cambodia has filed for compulsory conciliation under a U.N. maritime law agreement to resolve a sea border dispute with Thailand

Cambodia initiates action with UN agency to force conciliation of maritime dispute with Thailand
Business|Crime|Economy|Europe|Finance|Political|Stock Markets|US|World

EU strikes migration deal for more deportations and detention centers abroad

The European Union has agreed on a major overhaul of its migration policy, aiming to increase deportations and establish detention centers abroad

EU strikes migration deal for more deportations and detention centers abroad
Business|Economy|Europe|MidEast|World

EBRD chief says governments need to target any support as Middle East war bites

Government support in emerging economies affected by the Middle East conflict should be temporary and targeted, the head of the European Bank for

EBRD chief says governments need to target any support as Middle East war bites
Asia|Business|Economy|Science|Technology|US|World

Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to China

By Max A.

Arm Holdings CEO says US would have difficulty banning AI CPU chip exports to China
Business|Economy|Finance|World

Iran war puts RBI in razor-edge policy bind over inflation, growth and rupee

India's central bank faces one of the toughest interest rate calls in recent memory this week, as the Middle East energy shock, a slumping currency and a

Iran war puts RBI in razor-edge policy bind over inflation, growth and rupee
Crime|Economy|Europe|Political|World

Kremlin talks of new 'paradigm' in Ukraine war, accusing Kyiv of 'acts of terror'

The Kremlin said on Tuesday that the war in Ukraine had entered a "different paradigm" due to what it called "inhumane acts of terror" carried out by Kyiv's military against

Kremlin talks of new 'paradigm' in Ukraine war, accusing Kyiv of 'acts of terror'
Business|Economy|Finance|Stock Markets|US

US fund management firms back 401(k) alternative assets proposal, but others worry about risks

The U.S. fund management industry has thrown its weight behind a proposal to open up retirement plans to alternative assets like private

US fund management firms back 401(k) alternative assets proposal, but others worry about risks
Business|Economy|Europe|Finance|World

Euro will only gain bigger role with deliberate policy action, says ECB's Cipollone

The rise in the global role of the euro currency has been circumstantial up to now and the bloc needs to act deliberately to carve out a greater market share, European

Euro will only gain bigger role with deliberate policy action, says ECB's Cipollone
Business|Economy|Finance|Stock Markets|Technology

Marvell shares touch record high after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged more than 25% on Tuesday after Nvidia's CEO Jensen Huang called the chipmaker the next "trillion-dollar company."

Marvell shares touch record high after Nvidia's Huang calls it 'next trillion-dollar company'
Business|Economy|Finance|Technology|World

Equity supply shock?

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets On the surface, global markets looked pretty serene early on Tuesday,

Equity supply shock?
Economy|Environment|Health|Science|World

UN urges the world to ready for extreme heat risk from El Nino

The United Nations weather agency forecast on Tuesday a moderate or possibly a strong El Nino that could drive up global temperatures and increase the

UN urges the world to ready for extreme heat risk from El Nino
Business|Crime|Economy|Finance|Political|Stock Markets

New Mexico ‘Truth Commission’ begins investigation into Epstein’s Zorro Ranch, will issue subpoenas

New Mexico ‘Truth Commission’ begins investigation into Epstein’s Zorro Ranch, will issue subpoenas

New Mexico ‘Truth Commission’ begins investigation into Epstein’s Zorro Ranch, will issue subpoenas
Business|Economy|Entertainment|Lifestyle|Technology

Amazon moves Prime Day to June, keeps it a four-day event

Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the past five years, citing major

Amazon moves Prime Day to June, keeps it a four-day event
Business|Economy|Science|Technology

America’s stock market is surging, but it’s still all about AI

America’s stock market is surging, but it’s still all about AI

America’s stock market is surging, but it’s still all about AI
Business|Economy|Finance|Political|Stock Markets|US

Trump’s financial ties face scrutiny after moves benefiting allies and family

President Donald Trump has found multiple ways to harness the presidency to benefit himself

Trump’s financial ties face scrutiny after moves benefiting allies and family
Business|Economy|Europe|Finance|Stock Markets|World

Euro fails to nab big market share from dollar despite erratic US policy, report shows

The global role of the euro currency hardly budged last year, disappointing some hopes that erratic economic policy in the United States could give it a big boost, as

Euro fails to nab big market share from dollar despite erratic US policy, report shows
Business|Economy|Europe|World

EU lawmaker committee backs deal to avert new US trade clash

A European Parliament committee voted overwhelmingly on Tuesday to remove EU import duties on many U.S. goods, a step to comply with the trade deal

EU lawmaker committee backs deal to avert new US trade clash
Arts|Business|Economy|Europe|Fashion and Beauty

Estee Lauder still open to acquisitions after failed Puig talks, CEO says

An Estee Lauder merger with Jean Paul Gaultier-owner Puig failed to go through because of the price tag, Stephane de La Faverie, President and CEO of the U.S. cosmetics maker said

Estee Lauder still open to acquisitions after failed Puig talks, CEO says
Business|Economy|Europe|Technology|World

European shares rise as STMicroelectronics lifts tech; inflation backs ECB hike bets

European shares rose on Tuesday, as a strong forecast from STMicroelectronics boosted technology stocks and investors assessed

European shares rise as STMicroelectronics lifts tech; inflation backs ECB hike bets
Business|Economy|Europe|World

Euro zone inflation jump reinforces case for June rate hike

Euro zone inflation accelerated further last month, driven by energy and services, bolstering the already strong case for a small European Central Bank

Euro zone inflation jump reinforces case for June rate hike
Business|Economy|World

94 days of paralysis: The Strait of Hormuz remains choked off

94 days of paralysis: The Strait of Hormuz remains choked off

94 days of paralysis: The Strait of Hormuz remains choked off
Business|Economy|Europe|Technology|World

Startups shore up Ukraine's defences with sea drone swarms and robot trucks

How to stop Russian drones flying undetected across the Black Sea to attack Ukraine's port city of Odesa?

Startups shore up Ukraine's defences with sea drone swarms and robot trucks
Business|Economy|Europe|World

Key ECB policymaker quotes in run-up to June 11 policy meeting

The following are key quotes from European Central Bank policymakers in the run-up to the June 11 policy meeting.

Key ECB policymaker quotes in run-up to June 11 policy meeting
Business|Crime|Economy|Political|Technology|World

Restrictions on prediction market bets by US troops part of draft defense bill

Restrictions on prediction market bets by US troops part of draft defense bill

Restrictions on prediction market bets by US troops part of draft defense bill
Economy

Japan tempers yen warnings despite renewed slide towards key 160 level

Japanese financial authorities held back from stepping up verbal warnings on the yen on Tuesday even as it neared the key 160-per-dollar mark, a restraint

Japan tempers yen warnings despite renewed slide towards key 160 level
Business|Economy|Finance|Stock Markets|Technology

Nvidia chief to Asia: 'We're still supply constrained'

A look at the day ahead in European and global markets from Gregor Stuart Hunter Nvidia CEO Jensen Huang says the company has enough supply for "very, very robust growth" linked to the AI boom.

Nvidia chief to Asia: 'We're still supply constrained'
Arts|Business|Economy|Entertainment|Fashion and Beauty|Lifestyle|World

Luxury brands seek to lure America's AI super-rich

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Luxury brands seek to lure America's AI super-rich
Economy|Election|Europe|Political|World

In France's poor, diverse suburbs, Melenchon's hard left charts a path to the presidency

When Bassi Konate became mayor of Sarcelles this spring, the independent candidate backed by the hard-left France Unbowed (LFI) party ended

In France's poor, diverse suburbs, Melenchon's hard left charts a path to the presidency
Asia|Business|Economy|Political|World

Japan considering sales tax cut in April 2027, Mainichi reports

Japan is considering rolling out a two-year cut to its tax on food sales from April next year, the Mainichi newspaper reported, a move

Japan considering sales tax cut in April 2027, Mainichi reports
Business|Economy|Europe|Travel|World

EasyJet lures takeover interest as investors spot a bargain

British budget airline easyJet has caught the eye of U.S. investment firm Castlelake for a possible takeover.

EasyJet lures takeover interest as investors spot a bargain
Business|Economy|Europe|World

Euro zone firms struggle to raise prices despite Iran war shock

Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis

Euro zone firms struggle to raise prices despite Iran war shock
Business|Economy|Finance|Stock Markets|World

BOJ should signal clear rate path after June hike, SMFG markets chief says

The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond

BOJ should signal clear rate path after June hike, SMFG markets chief says
Australia|Business|Economy|Environment|Health|World

Australia orders Amazon, eBay, others to not sell banned magnetic toys

Australia's competition watchdog has sent takedown requests to Amazon, eBay, Kogan and Fruugo after finding listings for banned magnetic chess-style toys whose magnets can cause

Australia orders Amazon, eBay, others to not sell banned magnetic toys
Australia|Business|Economy|World

Australia's net trade drags on economy in Q1 as tech, fuel imports surge

Australia's net trade proved to be a major drag on the economy in the first quarter as imports of data centre equipment boomed and the value of fuel shipments

Australia's net trade drags on economy in Q1 as tech, fuel imports surge