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LVMH's CEO Arnault says return to growth hinges on outcome of Middle East crisis

Recovery hopes for the French luxury giant LVMH LVMH.PA hinge on the outcome of the crisis in the Middle East, CEO and controlling shareholder Bernard Arnault said on Thursday."You will have noticed that the world is now in a very serious crisis in the Middle East," Arnault said at the company's annual shareholder meeting in Paris, adding: "It all depends on how this crisis unfolds". LVMH shareholders are set to face yet another bumpy year as the crisis in the Middle East dampened market hopes for a luxury sector recovery after close to three years of stagnation. Earlier this month, the gro

Investors return to US stocks as AI, earnings growth feed fear of missing out

US drivers turn to EV rentals as gasoline prices surge

Business|Economy|Technology

Honeywell quarterly sales rise on higher pricing and demand

Honeywell on Thursday posted higher first-quarter sales, helped by higher pricing, new product launches and strong demand in its Building and Industrial Automation segments.The industrial giant said higher pricing, along with the earlier-than-anticipated removal of stranded costs related to the planned spin-off of Honeywell Aerospace, more than offset cost inflation. The company is gearing up for the breakup of its large conglomerate structure into three independent companies focused on automation, aerospace and advanced materials.Honeywell also carried out various divestitures to streamline

Trump poised to expand refugee program for white South Africans

SpaceX IPO filing shows Elon Musk can retain board control

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Stocks are at record highs and shrugging off the war with Iran

Brent crude has climbed back above $100 per barrel and the Strait of Hormuz, a critical artery for the global economy, remains closed. But the stock market is brushing off the turmoil.The S&P 500 and Nasdaq Composite hit record highs on Wednesday, resuming a rally despite the rise in oil prices. It’s a stark shift from last month, when higher oil prices sent stocks lower.The S&P and Nasdaq have rallied more than 12% and 18%, respectively, since their recent nadirs on March 30. The S&P is now up nearly 4% since the war began while the Nasdaq is up nearly 9%.Markets are forward looking, and Wa

Advent-owned firm investigated in Brazil for alleged links to organized crime

Trump's election fraud claims spread distrust before midterms, Reuters/Ipsos poll finds

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Senate takes key step toward funding ICE and border patrol with only GOP votes

With Congress still at a stalemate over how to end the Department of Homeland Security shutdown, Senate Republicans took a key step to tee up a party-line measure funding the most controversial immigration programs — and eventually reopen the government completely.The GOP effort to fund Immigration and Customs Enforcement and border patrol without any Democratic support moved ahead after a marathon overnight session known as a “vote-a-rama” that stretched into the early hours of Thursday morning.The chamber adopted the Senate GOP budget blueprint by a vote of 50-48 with all Democrats pre

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New York Times says FBI investigated reporter after article about director Kash Patel's girlfriend

The New York Times says the FBI investigated whether one of its reporters, Elizabeth Williamson, violated laws against stalking after she wrote a story nearly two months ago about how federal agents had been assigned to protect and give rides to FBI Director Kash Patel's girlfriend. The FBI said Wednesday that its agents interviewed Patel's girlfriend, country singer Alexis Wilkins, when she expressed concern about a death threat received after Williamson's article was published, but took no further action. The Times, in an article posted online Wednesday, said tha

Celeste Rivas Hernandez, who singer d4vd is charged with killing, died of ‘multiple penetrating injuries,’ autopsy finds

Trump alleges ‘rigged’ Virginia redistricting vote as judge blocks new map

Election|Political|US

Judge bars certification of Virginia redistricting results; state AG promises appeal

A congressional map approved by Virginia voters that aims to help Democrats net four US House seats in November’s midterms faces another legal hurdle just one day after its passage.A judge in rural southern Virginia on Wednesday ordered that the results of Tuesday’s vote not be certified on several grounds, including that state lawmakers did not follow their own rules in passing the redistricting referendum. Tazewell County Circuit Court Judge Jack Hurley also called the ballot language put to voters “flagrantly misleading.”Hurley barred state election officials from modifying electio

Business|Crime|Political|US

Trump administration settles lawsuit with ex-Trump adviser Carter Page

The Justice Department has reached a settlement in a lawsuit brought by former Trump campaign adviser Carter Page, who sued the DOJ and FBI over flawed government surveillance he faced due to his Russian contacts in 2016, according to a filing with the Supreme Court Wednesday.Page, who investigators focused on during their probe into Russian interference in the 2016 presidential election, is one of a growing number of past Trump allies who have reached legal settlements with the administration during Trump’s second term.In 2016, investigators wiretapped Page through the Foreign Intelligence

Navy Secretary John Phelan is leaving in the latest departure of a top defense leader

US Navy Secretary Phelan fired as naval blockade of Iran continues

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Hong Kong fire victim returns to search for memories of his dog

Nearly five months after a devastating blaze tore through Hong Kong's Wang Fuk Court residential complex, Jason Kong took a small torchlight and returned to his blackened apartment for the first time on Thursday, looking for mementoes of his dog. The construction company owner had to leave 10-year-old poodle Bear Bear behind when police stopped him from entering his apartment tower as the blaze took hold on November 26.Reuters first interviewed Kong as he watched the flames tear through the seven 31-storey tower blocks in the northern Tai Po district. The city's deadliest fire in decades,

Arts|Business|Entertainment|World

At the ‘art world Olympics,’ Team USA is chaotic

The curator Jeffrey Uslip wants everyone to know that everything is normal.“This is the smoothest exhibition I’ve curated in 30 years,” said Uslip, who has been working on the US Pavilion at the Biennale Arte 2026 in Venice, which opens in two weeks.Uslip was insistent on the point. “I also just want to be clear, because I know how people talk, it’s important to know that we have had complete artistic autonomy throughout this process,” he said by phone. Later, by email, he emphasized the process to select the artist — the sculptor Alma Allen — was “exactly the same” as it a

What to know about the Trump Justice Department’s case against the Southern Poverty Law Center

Stocks are at record highs and shrugging off the war with Iran

Crime|MidEast|Political|World

Lebanese PM accuses Israel of war crimes after strike kills journalist

Lebanon’s prime minister has accused Israel of war crimes after an airstrike in the south of the country on Wednesday killed one journalist and seriously wounded another.Amal Khalil, who worked for Lebanon’s Al Akhbar newspaper, was killed while carrying out her journalistic work, according to Lebanon’s National News Agency (NNA). She is the fourth media worker slain by Israel in Lebanon since March. The other journalist was identified by Lebanese authorities as Zeinab Faraj, a freelance photojournalist. Al Akhbar is a left-leaning, pro-Hezbollah newspaper.The two journalists had taken s

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More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

Confusion deepened Wednesday in the Strait of Hormuz as Iran attacked three ships near the crucial waterway whose closure has plunged the world into an energy crisis after tankers carrying a fifth of the world’s oil were blocked from using the channel. The attacks unfolded just a day after U.S. President Donald Trump said he would extend the two-week ceasefire with Iran. The Islamic Republic said it fired on three outbound ships and seized two, calling it retaliation for the American naval blockade of Iranian ports and for the U.S. firing on and seizing an Irania