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Canada turns from US to Europe as Iran war propels aluminium higher

Canada is pushing more of its aluminium towards Europe to make the most of higher premiums on offer, after its neighbour the United States imposed a 50% tariff on the metal last year.A loss of Middle East volumes due to the Iran war has hit Europe hardest and intensified competition with the U.S. for low-carbon supply, driving prices to extreme levels, with policy and prices determining where scarce aluminium is shipped, analysts, traders and aluminium industry sources said.Disruption in the Middle East, which accounts for 9% of global aluminium smelting capacity, has upended trade flows far

Sri Lanka's surprise rate hike risks choking off IMF-backed recovery

Iran could open Strait of Hormuz within a month if terms agreed, state TV says

Business|Economy|Environment|World

COSCO products tanker leaving Strait of Hormuz, oil traffic still limited

An oil products tanker operated by Chinese shipping group COSCO was in the process of crossing through the Strait of Hormuz on Wednesday, after two crude tankers sailed in the past day, although oil traffic overall was still limited, shipping data showed. Before the war on Iran began on February 28, shipping traffic through the Strait averaged 125 to 140 daily passages. Due to the conflict, 20,000 seafarers remain stranded inside the Gulf on board hundreds of ships.The Chinese-flagged Hua Lin Wan, carrying a cargo of oil products, was in the process of crossing the Strait on Wednesday, accor

GE Aerospace CEO says airlines still spending on engine upkeep despite fuel spike

Alabama asks Supreme Court to allow use of congressional map helping GOP, despite racial bias ruling

Crime|MidEast|Political|World

UN raises alarm over Israel's killings of Gazans near armistice line

About a third of Palestinians killed by Israel since an October truce were in areas near the military's armistice line with Hamas, raising concerns that troops may be shooting at civilians merely for approaching the area, the U.N. human rights office said. The office said such actions would constitute unlawful killings and thus war crimes. Israel's military, which says fire by its troops near the armistice line aims to thwart militant threats, did not immediately provide comment on the allegations.Israel has demarcated its armistice boundary with Hamas since the truce with a "yellow line" ma

Bank of America CEO expects 15% growth in trading revenue Q2

American Airlines sees resilient demand cushioning fuel-price hit

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Economy|Political|US|World

Iran state TV says draft deal with US would reopen Hormuz shipping, end naval blockade

(Corrects first paragraph to show that state TV obtained the draft, not Tehran. Changes headline source to state TV)DUBAI, May 27 (Reuters) - Iran's state TV said it had obtained a draft of an initial, unofficial framework for a memorandum of understanding between Iran and the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from Iran's vicinity and lift a naval blockade.State TV said the framework, which excludes military ve

Iran war spending drains US military budgets, triggering cancelled trainings, delayed maintenance

The Pentagon is feeling the financial squeeze and is struggling in some cases to carry out routine training and maintenance amid its ongoing operations against Iran, with uniformed military leaders pressing Congress to support additional funding.The Navy’s top officer, Adm. Daryl Caudle, told House Armed Services Committee lawmakers earlier this month that his 2026 budget “didn’t bake in [Operation] Epic Fury” and that the Navy faces impacts on “routine operations” as a result.That includes having to limit training exercises, flight training hours and training for new recruits, he

Minneapolis police chief resigns after interfering with an investigation, mayor says

John Cornyn’s defeat raises a new question: Will he join the Senate Republicans rebelling against Trump?

Crime|Election|Political|US

Ken Paxton’s controversies take center stage in his Texas Senate matchup with James Talarico

Ken Paxton weathered a long list of scandals in the years leading up to his decisive victory Tuesday in the Republican primary runoff for Senate in Texas.Through criminal charges and allegations of infidelity, the Texas attorney general has remained a force in state politics and maintained a close relationship with President Donald Trump, who gave him a crucial endorsement a week before his hard-fought runoff against Sen. John Cornyn.Paxton has often dismissed the allegations against him as politically motivated, and many of his supporters have been willing to overlook them because they like h

Billionaire Tom Steyer's ad spending breaks records in California governor's race

Win or lose, billionaire Democrat Tom Steyer will leave a mark in the history books in his bid to become California's next governor — he’s running the most expensive political advertising campaign in the country this year. Steyer — a former hedge fund manager turned liberal activist — has spent or booked more than $195 million in ads for broadcast TV, cable and radio with the tally still growing, according to data compiled by advertising tracker AdImpact. His torrent of ads has opened the one-time presidential candidate to criticism that he is trying to buy

‘Slush fund for crooks’: GOP lawmaker faces criticism over ‘anti-weaponization’ fund, Epstein files and Trump at town hall

US judge halts West Point faculty speech curbs under Trump-era policy

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Science|Technology|World

NASA lays out moon base plans with landers, buggies and drones at the top of the list

NASA is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II's record-breaking lunar flyaround. The space agency outlined the first phase of its moon base plans on Tuesday, awarding hundreds of millions of dollars in contracts to four U.S. companies. Jeff Bezos’ Blue Origin will provide a pair of landers to deliver moon buggies to the lunar surface, at a spot near the moon’s south pole. These so-called lunar terrain vehicles will be built by Astrolab and Lunar Outpost. Firefly Aerospace, which landed

Economy|Environment|Political|Science|World

The Latest: Trump convened his Cabinet as talks to end Iran war remain in flux

President Donald Trump convened his Cabinet on Wednesday at a precarious moment for talks aimed at ending the war with Iran, just days after insisting that his administration and Tehran had “largely negotiated” a settlement but with the negotiations still in a state of flux. Closure to his war of choice may be unsatisfactory, putting off many critical issues to be resolved later. “Things are going very well,” Trump said as he opened the meeting. Texas Attorney General Ken Paxton easily defeated four-term Sen. John Cornyn in the latest contest where Trump so

Errant Ukrainian drones fuel tensions on NATO's eastern flank

Deported Cuban migrants are stranded in Mexico after suffering mistreatment in US detention centers, report says

Business|Economy|Environment|Political|World

‘Exploding oil.’ What the heck is Trump talking about?

The clock is ticking for President Donald Trump to get a deal done with Iran.Or maybe it’s the other way around: Iran could be dealing with a ticking time bomb – in its own oil wells! With just days to go before they’re destroyed.That’s according to Trump, who can’t seem to stop talking about exploding oil.April 23, Oval Office: “If they don’t get their oil moving, their whole oil infrastructure is going to explode. You know what that means? Because they have no place to store it and because they have no place to store it, if they have to stop it … something happens underground

Environment|World

Five of seven people trapped in Laos cave found alive by rescuers

Five of the seven villagers who became trapped in a cave that flooded in Laos were found alive by rescuers Wednesday, in an incident echoing the dramatic 2018 rescue of teenage soccer players in Thailand.They were located by specialist cave divers and for now remain stuck in an underground cavern in the central Laotian province of Xaisomboun, as rescuers continue to search for the two remaining people.“5 people have been found safe. The search continues for the remaining 2,” Thai rescue diver Kengkad Bongkawong wrote on Facebook at 4.30 p.m. local time.A Laotian rescue group, Rescue Volunt

This year’s World Cup is testing the public health playbook

In the lowest place on Earth, a sea is rapidly dying — and no one can agree how to save it

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Arts|Entertainment|Political|Sports

UFC fighting cage rises on White House lawn for bout celebrating America’s 250th anniversary

Business|Economy|Environment|Finance|World

US-Iran talks are heating up again. But the danger isn’t over for gas prices

Election

Trump completes his month of GOP revenge, and other takeaways from the Texas runoffs

Business|Economy|Finance|Stock Markets|World

Near record highs, stocks face fresh test from bond yields

Economy|Environment|Health|Travel|World

Search continues for 7 villagers trapped in a flooded cave in Laos

A search operation for seven villagers trapped inside a flooded cave in central Laos has entered its seventh day as rescuers encounter difficult terrain and weather in their bid to reach the group

Economy|Finance|Political|Stock Markets|World

Another surge for Micron, Wall Street's latest $1 trillion company, sends US stocks to records

The U.S. stock market rose to records as it caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war

Business|Economy|Science|Technology|World

OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse'

Business|Economy|Environment|Political|World

Iran says new US strikes violate ceasefire

Iran said on Tuesday the United States had violated a ceasefire by striking targets near the contested Strait of Hormuz, potentially complicating efforts to bring the war to a close

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Trump administration proposes having all federal workers sign NDAs

Finance|World

Israel will escalate strikes against Hezbollah in Lebanon, Netanyahu says

Israel will escalate strikes against Hezbollah in Lebanon, Prime Minister Benjamin Netanyahu said on Monday, as a U.S. official

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls