Economy

China to curb US investment in tech companies, Bloomberg News reports

China plans to restrict top technology firms, including leading AI startups, from accepting U.S. capital without government approval, Bloomberg News reported on Friday, citing

Eswatini celebrates King Mswati III's 40 years as critics decry royal spending

Marching bands blew horns, women ululated and men cheered on Friday to celebrate King Mswati III's 40 years on Eswatini's throne,

Putin may attend G20 summit in Miami after US invitation

Russian President Vladimir Putin could travel to the G20 summit in Miami in December, the Kremlin said on Friday after

China's DeepSeek rolls out a long-anticipated update of its AI model

DeepSeek, the Chinese artificial intelligence startup that shook up world markets last year, has launched preview versions of its latest major update

DeepSeek-V4, the Chinese AI model adapted for Huawei chips

Chinese startup DeepSeek on Friday released a preview version of V4, its new artificial intelligence model adapted to run on Huawei chips, marking

Intel soars on signs AI boom for CPUs is here

Demand for Intel's central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally

US discussing dollar swap lines with Gulf and Asian partners, Treasury's Bessent says

The United States is discussing currency swap lines with other countries including Gulf and Asian partners, Treasury Secretary Scott Bessent

P&G warns of $1 billion profit hit in fiscal 2027 from higher oil prices

U.S. consumer goods giant Procter & Gamble on Friday warned of a roughly $1 billion post-tax hit to its fiscal 2027 profit from surging

US consumer sentiment slumps to record low in April; inflation expectations rise

U.S. consumer sentiment fell to a record low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation

Union says US bailout of Spirit Airlines must protect employees

A union representing workers at Spirit Airlines said on Friday any U.S. bailout of the bankrupt low-cost carrier must protect employees.

US, EU announce action plan to coordinate trade policies on critical minerals

The United States and European Union on Friday released an action plan to coordinate trade policies and measures on critical minerals supply chains,

Luxury group Cucinelli tightens controls on sanctions compliance after allegations

Luxury group Brunello Cucinelli has strengthened its controls to monitor compliance with European Union sanctions on Russia, its 2025 annual report shows, following

Pope Leo condemns Iran’s killing of protesters but says he cannot support war

Pope Leo XIV on Thursday denounced the Iranian regime’s killing of protesters but stressed that, “as a pastor,” he cannot support the US-Israeli war with Iran.

Warner Bros. Discovery shareholders approve Paramount takeover

Warner Bros. Discovery shareholders approve Paramount takeover

Consumer sentiment rebounds slightly after hitting lowest level on record

Consumer sentiment rebounds slightly after hitting lowest level on record

NFL draft in NIL era includes players taking a pay cut to go from college to the pros

It might not take long to become a millionaire in the NFL

Locked Capitol doors and more cash for security are the new normal after Minnesota assassination

State lawmakers across the U.S. are increasing security measures as political violence rises

Donald Trump’s ire and Russian criticism are helping Giorgia Meloni at home

Donald Trump’s ire and Russian criticism are helping Giorgia Meloni at home

World Cup final tickets now reselling for over $2 million each

World Cup final tickets now reselling for over $2 million each

Norway should use wealth fund for aid due to oil price rise in Iran war, Egeland says

Norway should use some of the income from its $2.2 trillion sovereign wealth fund, the world's largest, to help civilians suffering from the war in Iran,

Europe’s markets watchdog warns cyber threats are growing as AI speeds up risks

The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus

Norfolk Southern warns fuel costs will pressure coming quarters

Norfolk Southern said on Friday that surging fuel prices will continue to pressure earnings in the coming quarters after higher fuel costs weighed on margins and

U.S. equity fund inflows rise on earnings optimism, AI boost

U.S. equity funds attracted the largest weekly net investment in four weeks through April 22, driven by upbeat corporate earnings results and optimism over AI-linked business

Meta strikes deal with Amazon's cloud unit to use its CPU chips 

Meta Platforms and Amazon.com on Friday said Meta will use Amazon Web Services' (AWS) Graviton5 central processing unit (CPU) chips, a deal an AWS

Russia vows to help Cuba withstand US 'blackmail and threats'

Russia said on Friday that it stood in solidarity with Cuba and would continue to provide humanitarian aid to the Communist‑run island republic, rejecting what it

Bank of Canada to hold interest rates this year, show patience with energy inflation: Reuters poll

The Bank of Canada will hold its overnight rate steady next week and through the rest of the year, according to a majority of economists polled by Reuters, most

Canada March Wholesale trade most likely up 1.3% - Statscan flash estimate

Canadian wholesale trade most likely rose 1.3% in March from February, largely driven by higher sales in the machinery, equipment and supplies subsector, Statistics Canada said in

Poland says it will challenge Mercosur trade deal in EU's top court

Poland will file a complaint to the European Union's top court about the bloc's free trade agreement with South America, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz

Porsche to sell stake in sports car maker Bugatti

Porsche will sell its stakes in sports car makers Bugatti and Rimac to a consortium led by a U.S. fund linked to Egypt's billionaire Sawiris family, the companies

HCA beats quarterly profit estimates despite weaker flu season volume

By Siddhi Mahatole and Christy Santhosh April 24 Reuters) - HCA Healthcare narrowly beat Wall Street estimates for first-quarter profit on Friday but faced a dip in patient admissions during the flu

Swiss National Bank defends investment approach after calls to ditch Palantir stake

Swiss National Bank Chairman Martin Schlegel defended the central bank's investment approach on Friday, after campaigners from Minneapolis called on the

Danish government talks deadlocked one month after election

Talks on forming a new Danish government are in stalemate one month on from the country's parliamentary election, slowing

US health insurers advance measures to standardize prior authorization requirements

UnitedHealth and CVS Health said on Friday they have standardized data and submission requirements for more than half of their prior authorizations, as part of an industry effort

Chinese EV maker NIO bets on in-house chips to cut reliance on Nvidia

NIO is betting that in-house chip development will sharpen its technological edge and improve profitability, Chief Executive William Li said on Friday, as the Chinese

Russia's Nabiullina on rate cut, outlook and the economy

Russian Central Bank Governor Elvira Nabiullina addressed a press conference on Friday after the central bank cut its key rate by 50 basis points to 14.5%.

S&P 500, Nasdaq open higher on fresh hopes of US-Iran talks

The S&P 500 and the Nasdaq Composite rose on Friday as renewed hopes for U.S.-Iran negotiations to end the war lifted sentiment, while a surge in Intel shares added further

Norfolk Southern's profit fell 27% as it didn't collect big insurance payments for Ohio derailment

Norfolk Southern railroad’s first-quarter profit fell 27% because it didn’t collect big insurance payments related to the East Palestine, Ohio, derailment and its planned merger with Union Pacific added to its costs

China surpasses US in research spending – the consequences extend far beyond scientific ranking and clout

Scientific innovation has been driving US economic growth for decades. Losing that edge means losing access to the technologies and brainpower that come with it.

You probably wouldn’t notice if an AI chatbot slipped ads into its responses

People who interacted with different AI chatbots in a study didn’t realize the bots were including veiled advertising in their replies

‘Affordable’ Pittsburgh doesn’t have enough affordable housing – here’s why

For a quarter of its residents, Pittsburgh isn’t an affordable place to live. A contested housing policy is at the center of efforts to change that.

4 tickets to World Cup final are listed on FIFA's resale site for more than $2 million

FIFA’s resale site has four tickets on sale for the World Cup final for just under $2.3 million each

At Beijing auto show, Chinese carmakers flaunt new technologies as global competition heats up

China’s top automakers are showcasing their latest models and technologies from intelligent driving to ultrafast charging in Beijing as they compete with global rivals in overseas markets

Indonesia reaffirms it has no plan to impose tolls in Malacca Strait

Indonesia has no plan to impose tolls on ships passing through the Malacca Strait, its finance minister said on Friday, after his comments about

After call from Beijing, China's auto industry races to embed AI in just about everything

It took China 25 years to dominate the market for electric vehicles.

Key ECB policymaker comments in run up to April 30 meeting

The following are key comments from European Central Bank policymakers in the run-up to the April 30 meeting.

Americans blame Trump for gas price surge in midterm election year, Reuters/Ipsos poll finds

A clear majority of Americans blame President Donald Trump for surging gasoline prices, which is weighing on his Republican Party ahead

Schrödinger’s ceasefire

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!

Russia says new EU sanctions will hurt developing countries

Russia said on Friday that new European Union sanctions on its oil and gas would hurt developing countries and the EU itself, and promised to retaliate.

At SpaceX, AI is burning the cash that Starlink earns

Elon Musk is touting SpaceX as humanity's ticket to Mars.

Putin's approval rating falls to lowest since before Ukraine war, state pollster says

Russian President Vladimir Putin's approval rating has fallen for a seventh week in a row to 65.6%, its lowest level since the invasion of Ukraine in February 2022,

Moldova parliament votes to end energy state of emergency

Moldova's parliament voted to lift the country's energy state of emergency from Saturday, which had been imposed after Russian attacks in neighbouring Ukraine knocked

BYD doubles down on fast charging to target China's EV holdouts

China's BYD is pushing super-fast charging to attract drivers still loyal to petrol cars and sharpen its edge in the world's largest auto market, the

US launches sweeping crackdown on Southeast Asia cyberscams and sanctions Cambodian senator

U.S. officials have announced a major crackdown on Southeast Asian cyberscam operations controlled by Chinese transnational organized crime

Global equity fund inflows surge to 17-month high on AI optimism

Weekly inflows into global equity funds surged to a more than 17-month high in the week through April 22, fuelled by optimism over demand for artificial intelligence and robust

Electrolux's shares fall 24% on US slump, $1 billion rights issue

Electrolux shares plunged 24% on Friday as weak U.S. demand hit its first-quarter results, hours after it announced a $1 billion rights issue and

No US-Iran peace talks in sight, but Islamabad maintains security lockdown

For nearly a week, Pakistan's capital has been waiting for peace talks between the U.S. and Iran to take place there, and although there is no sign the

War, drought, aid shortfall to fuel hunger in 2026, global report says

Conflict, drought and shrinking aid will keep global hunger at critical levels in 2026, with food insecurity expected to worsen in some of the world's

Hyundai Motor to launch 20 models in five years in new China campaign

Hyundai Motor will roll out 20 new models in China over the next five years as it seeks to revive its fortunes in the world's largest auto market, the

Nomura posts record annual profit, sees no prolonged impact from Iran war so far

(Corrects the figure for private credit exposure in Nomura's wholesale division to $400 million from $200 million in paragraph 14.)

Conservative super PAC threatens to unseat Republicans over immigration bill

House Republicans are facing a fresh challenge in the 2026 midterms: the Homeland Political Action Committee, a new conservative super PAC targeting Republican

Warsh's quest for better inflation data is a well-worn, difficult pursuit for Fed

Federal Reserve Chair nominee Kevin Warsh has called for a major rethink of how to measure inflation, but he may have less trouble finding new

Brazil shackles public pension funds after Banco Master meltdown

Brazil's biggest bank failure in recent history has led to an aggressive crackdown on public pension funds, which were among its creditors, limiting

Porsche, under pressure to cut costs, divests from sportscar maker Bugatti

Porsche has agreed to sell its stakes in sportscar makers Bugatti and Rimac to a consortium led by a U.S. fund co-

China’s AI upstart DeepSeek drops new model. Will it make waves like last year?

China’s AI upstart DeepSeek drops new model. Will it make waves like last year?

Trump administration vows crackdown on Chinese companies 'exploiting' AI models made in US

The Trump administration is vowing to crack down on foreign tech companies’ exploitation of U.S. artificial intelligence models, singling out China at a time that country is narrowing the gap with the U.S. in the AI race

Japan launches financial task force amid AI security fears

Japan will set up a task force to address cybersecurity risks in its financial system following concerns about potential vulnerabilities linked to

German business sentiment falls in April to lowest level since 2020

German business morale fell more than expected in April, as the Iran war made companies more pessimistic and threatened the long-awaited recovery of

UK drivers' dash for fuel at start of Iran war boosts retail sales

British motorists worried about fuel price increases rushed to the pumps immediately after the start of the Iran war, pushing up total sales volumes

Spain's industrial prices rise at fastest pace in a year as energy costs bite

A spike in energy costs caused Spanish industrial prices to rise at their fastest rate in a year in March after falling for four consecutive months, the National Statistics

Swiss National Bank chairman says Middle East conflict will hit economy

The Middle East conflict will lead to slower economic growth and higher inflation in Switzerland, but the Swiss National Bank has unrestricted scope to target

China rejects Trump accusation that intercepted Iran ship was 'gift from China'

China's foreign ministry on Friday rejected an accusation by U.S.

Minneapolis campaigners press Swiss National Bank to dump Palantir investment

The Swiss National Bank should sell its $1.1 billion stake in Palantir Technologies, campaigners from Minneapolis said at a meeting of the central bank on

Car parts group Forvia's sales dragged by weakness in China

Forvia said on Friday that a sharp sales decline in China caused a 2.2% drop in the French car parts supplier's first-quarter revenue, excluding currency translation effects.

Powered land and zombie projects: Real estate in the age of AI

Land left dormant by the decline of the chemical industry in northeastern England has taken

Stellantis to focus funding on core car brands as CEO drives turnaround, sources say

Stellantis will focus the majority of its investment on its core Jeep, Ram, Peugeot and Fiat brands under CEO Antonio

French consumer confidence falls sharply in April as war takes toll on economy

French consumer confidence fell sharply in April, recording its largest drop since the start of the Ukraine war in 2022, the INSEE official statistics agency said on Friday.

Iran flaunts its grip, investors cower

A look at the day ahead in European and global markets from Rae Wee Markets were in a dour mood on Friday, with Iran flaunting its grip over the Strait of Hormuz serving as a stark reminder that the

Australian lithium miner PLS says energy security concerns driving demand growth

PLS is seeing deepening and broadening demand for lithium, partly driven by energy security concerns, CEO Dale Henderson said on

Up, or down? War scrambles financial markets' signalling efforts

The traditional global asset correlations that collapsed when the war in the Middle East erupted remain broken, leaving investors to piece together

Iran war hits Asia's polyester suppliers to global fast fashion

A surge in fossil fuel prices since the Iran war is squeezing polyester suppliers and garment makers across

Reclassifying marijuana as a less dangerous drug might only be the first step for Trump

President Donald Trump’s decision to reclassify state-licensed medical marijuana as a less dangerous drug is a boon for the industry

SNB's Schlegel says prolonged energy shock could lift inflation, hit growth

Swiss National Bank Chairman Martin Schlegel said the outlook for Switzerland's economy hinges on how long conflict-driven energy price pressures persist, warning that

Fitch says no immediate downgrade if Indonesia's deficit tops 3% due to Iran war impact

Indonesia has room to breach its legal fiscal deficit ceiling of 3% of GDP without triggering an immediate ratings downgrade

US, EU to sign preliminary partnership deal on critical minerals on Friday

The United States and the European Union will sign a memorandum of understanding on Friday for a partnership on critical minerals, the State

Mercedes steels itself for 'roller coaster' competition in Chinese market

Mercedes-Benz will use this year's Beijing auto show to pitch how it plans to navigate China's fiercely competitive car market, where Chief Executive Ola Kaellenius says

Most US companies seen sticking with quarterly reporting

Quarterly earnings reporting may soon become optional for U.S. firms - yet the vast majority of companies are unlikely to take advantage

A tiny Arctic village in Alaska is trying to revive its polar bear tourism industry

A small Indigenous village in Alaska wants to reclaim its status as a top spot for polar bear tourism

Japan's core inflation stays below BOJ target, energy risks grow

Japan's core inflation slowed below the central bank's 2% target for a second straight month in March, data showed on Friday, as government fuel subsidies

Trump orders US military to 'shoot and kill' Iranian small boats choking Strait of Hormuz

U.S. President Donald Trump says he has ordered the U.S. military to “shoot and kill” small Iranian boats that deploy mines to choke traffic through the Strait of Hormuz

US still delivering weapons to Ukraine, Zelenskyy says, as Prince Harry visits Kyiv

Ukrainian President Volodymyr Zelenskyy says U.S. weapon deliveries to Ukraine haven't stopped despite the Iran war

'Two ways of calculating': Trump defends his mathematically impossible calculations on drug prices

President Donald Trump, known for popularizing the term "fake news," seems to have shifted focus to a healthy dose of fake math in defending impossibly large cuts to prescription drug prices

Singapore emerging as neutral ground as AI firms navigate Sino-US rivalry

Singapore is transforming from East-West gateway to neutral ground for the AI sector, with Chinese startups hoping to operate

Amazon-backed X-Energy raises over $1 billion in IPO

Nuclear reactor developer X-Energy, which is backed by Amazon, said on Thursday it had raised $1.02 billion in its initial public offering in the United States.

WHO global alliance delivers 100 million childhood vaccine doses since 2023

More than 100 million vaccine doses have been delivered to 18.3 million children worldwide since 2023 under a global drive to reverse pandemic-related declines

UK to face 'big tariff' if it doesn't drop tech tax, Trump says

U.S.

US Senator Steve Daines to lead visit to China before May summit, SCMP reports

U.S. Republican Senator Steve Daines will lead a five-member bipartisan delegation to China next week, the South China Morning Post reported on Friday, citing sources. U.S.

Key takeaways from a report into the deadly plane crash at LaGuardia Airport

Federal investigators have released a preliminary report on last month's deadly airplane crash at a New York City airport

South Georgia wildfires destroy homes, force evacuations

More than 50 homes and structures were destroyed this week and at least 1,000 others were threatened on Thursday by wildfires in southeast Georgia that sent

Suncorp buys $1.7 billion reinsurance cover, sees FY26 premium growth of 3%

Australian general insurer Suncorp said on Friday it had purchased a five-year aggregate reinsurance cover that will provide up to A$2.4 billion ($1.71 billion) in total

Trump says Navy Secretary Phelan was fired over shipbuilding conflicts

Navy Secretary John Phelan was fired after conflicts with senior Pentagon leadership over shipbuilding, U.S. President Donald Trump said on Thursday.

German software maker SAP beats first-quarter profit estimates on cloud demand

Europe's largest software maker SAP on Thursday reported a 17% increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.

Fortescue spends more on green energy, keeps shipment forecast steady

Australian miner Fortescue announced further spending on green energy on Friday, as it seeks to insulate itself from global oil market volatility, while keeping its full-year

SpaceX refinanced debt with stopgap $20 billion loan before IPO filing

Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its blockbuster U.S.

Japan March core CPI rises 1.8% yr/yr

Japan's core consumer prices rose 1.8% in March from a year earlier, government data showed on Friday.

Trump says he’s considering buying Spirit Airlines ‘at the right price.’ It might still be a bad deal

Trump says he’s considering buying Spirit Airlines ‘at the right price.’ It might still be a bad deal

Trump's 'gold card' visa starting at $1 million granted to just 1 person so far, White House says

President Donald Trump's “gold card” visa program, which allows foreigners to live and work in the U.S. for at least $1 million, has approved just one person since December, Commerce Secretary Howard Lutnick announced this Thursday

Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts

In the latest round of tech industry job cuts, Meta is laying off about 8,000 workers and Microsoft is offering buyouts to a similar number

Trump considers a taxpayer takeover of Spirit Airlines and would aim to resell carrier

President Donald Trump says he is weighing a taxpayer takeover of Spirit Airlines and would aim to resell the troubled carrier after oil prices drop

Elon Musk lays out Terafab AI chip project plan

Tesla chief Elon Musk said on Wednesday the electric vehicle maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project, an advanced

Trading Day: Geopolitical reality check

Oil prices jumped and Wall Street fell on Thursday, with the Nasdaq having its worst day in a month, as fading hopes of a U.S.-Iran peace deal

Trump on gas prices: Americans should expect to pay more 'for a little while'

U.S.

Newmont beats Q1 profit estimates as record gold prices offset output drop

Newmont beat Wall Street estimates for first-quarter profit on Thursday as record gold prices helped offset lower production, though the world's largest gold miner

U.S. concerned about Chinese infrastructure in Argentina, U.S. security official says

The United States is concerned about some Chinese infrastructure in Argentina, U.S.

One person approved for $1 million US Gold Card visa program so far, commerce secretary says

The Trump administration has approved only one Gold Card visa under a program granting U.S. residency to non-citizens for a $1 million fee, Commerce Secretary Howard

Democratic lawmakers urge retail, shipper CEOs to pass Trump tariff refunds to consumers

A group of 15 Democrats in the U.S.

Iran seizes vessel in Strait of Hormuz, defying US naval superiority

Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with a video of commandos in a

Mexico opens probe into economy minister over son's stay in diplomatic residence

Mexican President Claudia Sheinbaum said on Thursday the government has opened an investigation into Economy Minister Marcelo

Struggling Nike will cut around 1,400 jobs in efficiency push

By Nicholas P.

Baker Hughes tops estimates, says oilfield activity hit by Middle East disruptions

Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness

Michigan is off the hook in lawsuit over 2020 dam collapse that flooded communities

Michigan regulators have been cleared of liability in a 2020 dam failure that flooded communities, destroyed more than 100 homes and drained a popular summer lake

Debris from Hurricane Helene is helping fuel Georgia's wildfires

Fallen trees and limbs scattered across Georgia by Hurricane Helene more than a year ago are now helping fuel destructive wildfires in the state

PGA Tour loss dries up more funding for Hawaii charities

PGA Tour loss dries up more funding for Hawaii charities

US military developing plans to target Iran’s Strait of Hormuz defenses if ceasefire fails

US military developing plans to target Iran’s Strait of Hormuz defenses if ceasefire fails

Firefighter heard ‘stop stop stop’ before deadly LaGuardia collision – but didn’t know who the warning was for, NTSB finds

Firefighter heard ‘stop stop stop’ before deadly LaGuardia collision – but didn’t know who the warning was for, NTSB finds

Venezuela was promised an economic revival. But three months of minimum wage doesn’t add up to a single US dollar

Venezuela was promised an economic revival. But three months of minimum wage doesn’t add up to a single US dollar

Brazil regulator approves deeper probe into Google's news content use

Brazil's antitrust watchdog CADE approved on Thursday a recommendation to deepen investigations into the use of journalistic content by Alphabet's Google, which would

US to loosen marijuana rules in major shift for $47 billion industry

The U.S.

Citadel hits back after Mamdani features Griffin's penthouse in video

Ken Griffin's Citadel has pushed back against Zohran Mamdani after the New York Mayor dragged in the billionaire investor's penthouse in his push to tax wealthy property owners in

Colombia's Ecopetrol to buy 26% stake in Brazil's Brava, seeks majority control

Colombia's state oil firm Ecopetrol has agreed to buy a stake of around 26% in Brazilian energy firm Brava, in a deal that could result in the Colombian company taking

Golf-PGA Tour cuts 4% of workforce as part of organisational restructuring

The PGA Tour eliminated 4% of its workforce on Thursday as part of a restructuring process.

Citi creates Financial and Strategic Investors group in investment banking, hires Lazard executive

Citigroup is creating a new division within investment banking to boost transactions with financial sponsors, the bank's head of banking Vis Raghavan

US ambassador to Mexico floats action on bribery, corruption

U.S.

Musk sounds cautious tone on robotaxis amid slower-than-expected rollout

The rollout of Tesla’s fledgling robotaxi business is going more slowly than expected, several Wall Street analysts said, following

US EEOC Chair violated ethics rules halting LGBTQ cases, complaint alleges

U.S.

Trump to tap government contracting expert to head TSA, sources say

President Donald Trump intends to nominate a longtime business executive and government contracting expert to head the Transportation Security

Trump announces drug pricing deal with Regeneron

President Donald Trump announced a drug pricing deal with Regeneron Pharmaceuticals on Thursday, wrapping up the

Intel forecasts second-quarter revenue above estimates, shares jump 15%

By Zaheer Kachwala, Max A.

White House expected to extend Jones Act waiver up to 90 days, sources say

The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to the Iran conflict,

Cuban diplomat denies that releasing political prisoners is part of US negotiations

Havana won't abide by any American “ultimatums” to release political prisoners as part of new talks

Meta to cut 10% of staff as it pours billions into AI

Meta to cut 10% of staff as it pours billions into AI

Albertsons reaches $774M settlement to close all opioid-related legal claims

Albertsons reaches $774M settlement to close all opioid-related legal claims

Trump unveils deal with Regeneron to lower drug prices as part of most-favored-nation initiative

President Donald Trump has announced a deal with Regeneron to lower the cost of its pharmaceutical products

US stocks fall on a shaky Wall Street as Brent oil briefly barrels above $107

U.S. stocks pulled back from their record heights on a shaky Wall Street

After scammers stole their savings, 3 Maryland women found support in each other

After scammers stole their savings, 3 Maryland women found support in each other

Rain and heat threaten strawberry crops

Rain and heat threaten strawberry crops

Warner Bros shareholders approve Paramount's $81 billion takeover of the Hollywood giant

An $81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line

FACT FOCUS: RFK Jr. misleads on Medicaid cuts

Health Secretary Robert F. Kennedy Jr. has been disputing claims of Medicaid cuts in President Donald Trump's 2025 tax and spending law

US charges 2 Chinese nationals with managing cyberscam compound in Myanmar

Two Chinese nationals face charges in the U.S. that they managed a sprawling compound in Myanmar where authorities say workers were forced to participate in cryptocurrency investment fraud scams

Italy set to become euro zone's most indebted country, replacing Greece

Greece will cease to be the euro zone's most indebted country by the end of this year as its public debt will fall below

Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops

Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976.34 million) rights issue and unveiled

Cuba sees short-term relief as Russian oil begins to flow

Cubans this week began to reap the benefits of a recent 100,000 metric ton delivery of Russian oil, a temporary lifeline for the energy-starved nation and

Crude oil futures jump on reports of air attacks, Iran power struggle

Crude oil futures spiked $5 a barrel on Thursday after reports that air defenses were engaging targets over Tehran and of a power struggle between Iran's

Stocks close lower on fading hopes for quick Iran deal, mixed quarterly earnings

U.S. stocks fell in choppy trading on Thursday as hopes dimmed for a quick end to the Iran war, while investors grappled with a

From beauty to transportation, a lack of water and power forces Cubans to change their routines

A lack of water, money and electricity combined with a U

US FTC settles case against anesthesia company

The U.S.

NextEra expects agreements on Japan-backed gas-fired data center projects within three months

NextEra Energy expects to finalize agreements within about the next three months for giant natural gas-fired power projects that will be backed by

Iran fast-boat swarms add to Hormuz threats for shipping

(.)

Nasdaq to launch new products ahead of extended trading hours plan

Nasdaq said on Thursday it will roll out a suite of products to support its planned extension of U.S. equities trading to 23 hours a day, five days a week, as a push to expand

EU formally approves Ukraine loan and 20th sanctions package against Russia

The European Union formally approved on Thursday a 90-billion-euro ($105-billion) loan to Ukraine and new sanctions against

Bottler Arca's stock jumps as volumes hold steady despite Mexican health tax

Shares in Mexican bottler Arca Continental jumped over 4% in early trading on Thursday after its volumes surpassed

Spirit Airlines in advanced talks for federal financing, lawyer says

Spirit Airlines is in advanced discussions with the federal government over financing to help it restructure as it faces a cash

Pope Leo decries migrants being treated 'worse than house pets'

Pope Leo on Thursday decried the world's treatment of immigrants, saying that often migrants and refugees seeking to escape violence or

Millions of Americans may now also be considered Canadian under a new law

Millions more Americans might qualify for dual Canadian citizenship under a recent change to Canada’s requirements that has led to a surge in applications from its southern neighbor

France investigates suspected tampering with weather sensors after Polymarket bets

France investigates suspected tampering with weather sensors after Polymarket bets

EU approves a $106 billion loan package to help Ukraine after Hungary lifts its veto

The European Union has approved a $106 billion loan package to help Ukraine meet its economic and military needs for the next two years

IMF eyes June visit to Mozambique amid new programme talks 

By Colleen Goko JOHANNESBURG, April 23 - The International Monetary Fund will send a team to Mozambique in June to advance talks on a new loan programme, a spokesperson said, as the country struggles

Higher fuel costs due to Iran war mean fewer people will receive aid globally, NRC says

The Iran war is having a devastating humanitarian impact globally with higher energy prices making everything from filling the tank of an aid lorry to

US stocks end lower, oil climbs as cracks appear in fragile US-Iran truce 

Wall Street stocks dipped on Thursday and crude prices rose as Iran flaunted its control over the Strait of Hormuz and on signs of escalation in the

Lululemon CEO hire from Nike fails to impress investors, shares sink

Investors in Lululemon Athletica expressed disappointment on Thursday after the athletic apparel maker picked its

US farm agency to move research and food safety staff from Washington

The U.S.

Russia's economic contraction may spur key rate cuts, analysts say

Russia's economic contraction in the first two months of the year may prompt the central bank to cut its key rate faster than expected, some analysts

Assassin's Creed maker Ubisoft bets on 'Black Flag' remake to turn its ship around

Ubisoft said on Thursday that "Assassin's Creed Black Flag Resynced", a remake of its 2013 pirate-themed hit title, would launch on July 9, marking the video

US fixed 30-year mortgage rate drops to 6.23%

The average rate on the popular U.S. 30-year fixed-rate mortgage fell this week, though further declines are likely to be limited by uncertainty surrounding a fragile

American Airlines rejects United merger, explores deeper Alaska ties

American Airlines Chief Executive Robert Isom flatly rejected a merger with United Airlines as anti-competitive on Thursday, pledged to defend

In two Amazon units, 'builder' replaces traditional job titles

During Amazon’s annual review season now under way, hundreds of employees will see their job titles stripped.

Microsoft plans first voluntary employee buyout, CNBC reports

Microsoft is planning its first voluntary employee buyout in the Windows maker's 51-year history, CNBC reported on Thursday, citing a memo.

Justice Department reclassifies state-licensed medical marijuana as a less dangerous drug

Justice Department reclassifies state-licensed medical marijuana as a less dangerous drug

US oil executives expect crude output to rise as Iran war continues, survey shows

U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher,

Sheinbaum taps economist Lazzeri for Mexico's ambassador to the US

Mexican President Claudia Sheinbaum said on Thursday she will propose economist Roberto Lazzeri as the country's next ambassador to the United States, opting to

Freeport delays recovery of flagship Indonesian mine; shares down more than 8%

Freeport-McMoRan, the world's largest publicly traded copper producer, said on Thursday it expects a slower-than-anticipated recovery at its flagship Grasberg mine in Indonesia

Argentina blocks journalists from government house citing espionage with smart glasses

The government of Argentina's President Javier Milei blocked the entry of accredited journalists to government house Casa Rosada

EU pulls $2.3 million from Venice Biennale over Russia's return

The Venice Biennale has lost 2 million euros ($2.3 million) in funding due to its decision to allow Russia to participate in the 61st contemporary art show

Average US long-term mortgage rate slips to 6.23%, its third weekly drop

The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on

What Hispanic adults, men and young Americans think of Trump, according to an AP-NORC poll

An AP-NORC poll finds many of the groups that helped elect Donald Trump as president again are deeply unhappy with his performance

Mexico's inflation eases less than expected in early April

Mexico's 12-month inflation stood at 4.53% in the first half of April, data from statistics agency INEGI showed on Thursday, above

India says trade talks with U.S. remain constructive after Washington visit

India and the U.S. are engaged in constructive talks aimed at reaching a balanced and mutually beneficial trade agreement, a spokesperson from India's

Cannabis shares retreat after initial rally on narrow scope of US rescheduling

Shares of cannabis firms reversed early gains on Thursday as investors took a closer look at the limited scope of the U.S. government's move

US labor market stable despite war, but inflation pressures building up

The number of Americans filing claims for unemployment benefits edged up last week, pointing to continued labor market stability in April, though

US senators seek probe into FAA administrator stock sale

Three Democratic U.S. senators asked a federal watchdog to investigate if the head of the Federal Aviation Administration violated his ethics

Dollar heads for weekly gain as Iran-US tensions undermine ceasefire hopes

The dollar edged higher and was on track for a weekly gain on Thursday, as a standoff between Iran and the United States

UK consumers, worried about Iran war, turn most downbeat since 2023

British consumer morale slid this month to its lowest since October 2023 as households ramped up their expectations for price rises, according to a survey on Thursday that added

Union Pacific warns higher fuel prices to pressure margins

Union Pacific said on Thursday it expects a surge in fuel prices, triggered by the conflict in the Middle East, to pressure the railroad

US health regulators to speed up Medicare device coverage

U.S. health regulators announced a new program to speed up Medicare coverage for certain medical devices on Thursday

Warner Bros shareholders back $110 billion merger with Paramount Skydance

Warner Bros Discovery shareholders on Thursday backed the company's proposed $110 billion merger with Paramount Skydance, but cast an advisory vote

Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say

Bending Spoons, a European tech firm whose business model is based on reviving companies, has picked banks to organise a potential $

Iran war impact seeps ever deeper into global economy

The global economy is facing ever more tangible strains from the energy shock triggered by the Iran war

‘They are going to be rejected again’: NASA chief faces grilling on Trump’s budget proposal

‘They are going to be rejected again’: NASA chief faces grilling on Trump’s budget proposal

India's inflation risks rise on supply-side disruptions, central bank says

India's inflation risks have increased, driven by supply-side disruptions including the Iran war and weather-related uncertainties, the central bank

Druzhba oil flows to Slovakia and Hungary after Ukraine war standoff

Slovakia and Hungary said they began receiving crude oil through the Druzhba pipeline on Thursday after a months-long outage that had blocked European Union aid to

ECB to raise rates in June on war-driven inflation but path beyond unclear

The European Central Bank will hold its deposit rate on April 30 but hike it in June, according to just over

London's FTSE 100 closes lower as investors monitor Iran conflict, earnings

Britain's FTSE 100 closed a little lower on Thursday, with declines in heavyweight financials offset by some stocks after their corporate updates, while markets assessed fading

Canada March factory sales most likely up 3.5% - Statscan flash estimate

Canadian factory sales most likely rose 3.5% in March from February, largely driven by higher sales in the petroleum and coal product subsector and the transportation equipment

Hasbro sees strong quarterly sales, delays results after cyber incident

Hasbro on Thursday delayed its quarterly results due to a cybersecurity incident, but forecast first-quarter sales above analysts' expectations, sending its shares up about 6% in

Romania's ruling coalition loses majority after its biggest party walks out

Seven ministers from Romania's largest party, the Social Democrats, resigned from the pro-European coalition government of Prime Minister Ilie Bolojan on Thursday,

Thermo Fisher says US academic demand to stay weak, flags inflation risks from Iran war

Thermo Fisher Scientific said on Thursday it does not expect demand from U.S. and Chinese academic and government customers to recover this year

Nasdaq beats Wall Street profit estimates as market swings fuel trading surge

Exchange operator Nasdaq beat estimates for first-quarter profit on Thursday, benefiting from higher trading volumes as investors scrambled

Blackstone defends private credit as assets swell past $1.3 trillion

Blackstone executives backed the appeal of private credit even as sentiment around the category falters, after the world's largest alternative

Wall St opens lower on Middle East impasse, mixed earnings

Wall Street's main indexes opened lower on Thursday, with investors hesitant to extend the recent equities rally in the absence of clear signals on the U.S.-Iran war, while a

Lawsuit accuses JetBlue of using customers' personal data to raise air fares

JetBlue has been sued in a proposed class action claiming it uses customers' personal data to set ticket prices, after its response to a social media

Germany recession risk jumps as Iran war lifts energy prices, IMK says

The risk of Germany slipping into recession has risen sharply due to the Iran war, a study by the IMK institute seen by Reuters on Thursday showed, as higher energy prices

EU loan throws Ukraine a lifeline but more help needed for war

The approval of a 90-billion-euro European Union loan throws Ukraine a lifeline, averting deep cuts to public services, but Kyiv may need more money to meet

Leidos gets $617 million U.S. Army contract as Pentagon steps up replenishment

Defense contractor Leidos said on Thursday it won a $617 million contract from the U.S.

AI deepens US tech divide as IBM, ServiceNow spark software selloff, TI lifts chipmakers

U.S. technology stocks diverged further on Thursday as results from IBM and ServiceNow rekindled fears of AI‑driven disruption in software,

Blackstone designed funds with credit cycles in mind, CEO says

The world's largest alternative asset manager Blackstone designed its funds with changes in credit markets in mind, its chairman and CEO said on Thursday, as the company

Applied Digital signs $7.5 billion AI data center lease with US hyperscaler

Applied Digital has signed a long-term lease worth $7.5 billion with an unnamed U.S.-based hyperscaler at its new Delta Forge 1 site, it said on Thursday, strengthening its

Tesla's $25 billion spending plan tests investor faith in unproven AI bets

Tesla CEO Elon Musk is asking investors to take a leap of faith on his costly bets in self-driving technology and humanoid robots that have yet to

Mobileye lifts annual revenue forecast as auto industry demand recovers

Mobileye Global raised its annual revenue forecast on Thursday, buoyed by robust demand for its advanced driver-assistance systems as automakers placed more orders after working

US business activity recovers in April, war with Iran is boosting prices, S&P Global survey shows

U.S. business activity picked up in April after nearly stalling in the prior month, but supplier delivery times at factories worsened as the war with

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but said the unusually high prices

AmEx beats profit estimates as spending growth hits three-year high

American Express sailed past Wall Street expectations for first-quarter profit on Thursday, as affluent customers splurging on travel and entertainment lifted card

Trump likes a naval blockade. But Iran presents big differences from Venezuela and Cuba

President Donald Trump has turned to naval blockades to pressure the governments of Venezuela, Cuba and now Iran to meet his demands

More countries are turning to nuclear power 40 years after the Chernobyl disaster

The 1986 Chernobyl nuclear disaster fueled global fears about nuclear energy and slowed down its development in Europe and other regions

Union Pacific profit climbed 5% as it builds the case for its acquisition of rival Norfolk Southern

Union Pacific delivered 5% higher earnings in the first quarter as the railroad worked to prepare its case to convince regulators that its $85 billion acquisition of eastern rival Norfolk Southern is a good idea

US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels

The number of Americans filing for unemployment benefits inched up last week but remains within the historically healthy range of recent years

What we lose when artificial intelligence does our shopping

Retailers are racing to hand your shopping over to AI. Consumers are right to be wary – and not just about privacy.

Trump threats against Iran are a boon for prediction markets, including some backed by his son

President Donald Trump loves to keep people guessing about his next policy moves, a reality TV, cliffhanger governing style that is helping “events” wagering companies, including some backed by one of his sons

Iran war pushing more than 30 million back into poverty, UN development chief says

More than 30 million people will be pushed back into poverty by the impacts of the Iran war including disruptions to fuel and fertiliser supplies just

Italy says energy crisis puts its plans for defence spending in doubt

Italy may not be able to raise defence spending as planned due to growing economic and public finance difficulties plus the need to counter surging energy

Record demand can't save US airlines from Iran war fuel shock

U.S. airlines are seeing their best passenger numbers ever, cramming more people onto their planes and boosting revenues, yet in a cruel paradox, a

Hasbro delays quarterly results after cybersecurity incident

Hasbro said on Thursday it would delay its quarterly earnings report due to a cybersecurity incident involving an unauthorized access to the toymaker's network.

Teck quarterly profit beats estimates on record copper sales, higher prices

Teck Resources on Thursday beat analysts' estimates for first-quarter profit, aided by an increase in copper prices and record sales, while the company's proposed merger with

Comcast beats estimates on sports boost, easing broadband customer losses

Comcast topped first-quarter estimates on Thursday, as a blockbuster sports lineup boosted subscriber growth and engagement, while its core broadband

Warning of higher condom prices goes viral in China, stokes stockpiling talk

A warning of higher condom prices by the world's top maker has gone viral

P&G's under-pressure gross margin in focus as Iran war lifts costs

Procter & Gamble is set to report a sixth straight quarter of gross margin declines as the consumer goods bellwether battles choppy demand and fresh cost pressures from the war in

Tech checked as oil boils

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large for Finance and Markets While stock markets have impressively filtered out much of the

China's global EV push reflects its ambition - and harsh economics at home

From robotaxis to flying cars, China is working to export more of its cutting-edge vehicle technology - a strategy that

Honeywell forecasts second-quarter revenue below estimates over Middle East conflict

Honeywell on Thursday forecast second-quarter revenue below Wall Street estimates as conflict in the Middle East weighed on the U.S. industrial giant's business, sending shares

EU touts temporary energy subsidies, but costs risk ballooning

When the European Union outlines looser state aid rules next week to help governments cushion the blow from energy prices driven

Pultegroup's quarterly profit, revenue fall amid sluggish demand for homes

Homebuilder Pultegroup on Thursday posted a drop in profit and revenue for the first quarter, as rising inflation keeps homebuyers on the sidelines.

Dow flags higher costs, capacity risks from prolonged Middle East disruptions

Chemicals maker Dow said on Thursday it expects supply disruptions linked to the Middle East conflict to persist through 2026, warning of higher costs and potential

UK to pay France up to $892 million in deal to reduce migrant crossings

Britain said on Wednesday it would pay France up to 660 million pounds ($892 million) under a three-year border security deal to curb illegal migrant crossings of the

Dutch are facing biggest security threat in decades, intelligence agency says

The Netherlands is facing the greatest threat to its national security since the end of World War Two, chiefly from Russia and China, against the

Biggest IPO wave in history promises $3 trillion in value – with no profits

SpaceX, OpenAI and Anthropic are shaping up to deliver the largest wave of initial public offerings in history and the three

American Airlines dims 2026 forecast as high fuel costs hurt margins

American Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven by the Iran war hurt

Europe risks falling further behind in medicine race, warns Roche CEO

Europe risks falling further behind the United States and China in pharmaceutical research and innovation because of "mind-blowing"

Iran takes seized ships to port, countries check on seafarers' safety

Two container ships seized by Iran near the Strait of Hormuz with about 40 crew aboard have been taken toward

Lockheed Martin quarterly profit falls as production delays weigh

Lockheed Martin reported a lower first-quarter profit on Thursday, as high costs on fixed-price contracts and production slowdowns on some

Netflix boosts share buyback plan by $25 billion after failed Warner Bros bid

Netflix said on Thursday its board has authorized an additional $25 billion share repurchase program, resuming capital returns after the streaming giant

US military says it seizes another oil tanker associated with Iran

The U.S. military hsa seized another tanker associated with the smuggling of Iranian oil

Brazil's VP Alckmin, a negotiator of the Mercosur-EU deal, sees it as relief in a turbulent world

Brazil’s Vice President Geraldo Alckmin says the trade deal between South American bloc Mercosur and the European Union offers some solace at a time when unilateral moves have dominated the geopolitical landscape

SNAP benefits don't pay for rotisserie chicken. A bipartisan bill might change that

A bipartisan group of U.S. senators wants government food assistance programs to cover rotisserie chicken from grocery stores

UK companies see cost pressures spreading at record pace

Inflation indicators from British companies flashed red in two long-running business surveys published on Thursday, which showed record

EssilorLuxottica slips as doubts linger over smart glasses growth

EssilorLuxottica's shares fell on Thursday after the eyewear maker reported broadly in‑line quarterly results, doing little to revive a stock already under

US drivers turn to EV rentals as gasoline prices surge

Early signs of a shift toward electric vehicles have emerged for U.S. car rental companies as customers become wary of paying more at the pump

European shares muted as investors assess Mideast developments, corporate earnings

European shares were little changed on Thursday as investor worries over collapsed U.S.-Iran peace talks and weak economic data

UK manufacturers report plunge in confidence, see jump in costs

British manufacturers have turned their most pessimistic since the start of the COVID-19 pandemic due to the Iran war and a measure of the expectations for inflation has

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

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

U.S. stocks are rebounding and investors, reassured by diplomacy around the Iran war, are coming off the sidelines as AI-related

L'Oreal shares rise 8% on first-quarter sales beat

Shares in L'Oreal jumped more than 8%, on track for their best day in four years, after the French cosmetics group posted first-quarter sales growth of

Brazilian exports to rise 13% by 2038 amid full enforcement of EU-Mercosur trade deal, says VP

Brazil's government expects the country's exports to increase 13% by 2038 through the full enforcement of the free trade deal between the South

Trump’s DOJ has cut thousands of law-enforcement jobs while vowing to get tough on crime  

The Trump administration has cut more than 4,000 employees from some of the nation’s top law-enforcement agencies, even as it vowed

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

Caldic, a global chemicals distributor majority-owned by U.S. private equity firm Advent International, is under

SpaceX conquered the stars, now eyes bigger opportunity in AI

Over the last quarter century, Elon Musk revived space travel, turning cosmic exploration into thriving businesses.

Protein-maxxing, GLP-1s have US farmers betting on peas and lentils

 Aaron Smith, a fifth-generation pea and lentil farmer in northern Idaho, says

SpaceX IPO filing shows Elon Musk can retain board control

SpaceX is telling prospective investors its board will not need a majority of directors who are independent of

Samsung workers rally in South Korea, demanding higher pay and threatening to strike

Thousands of Samsung Electronics workers rally at its chip complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike

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

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

Skincare company Galderma posts 25.5% sales leap, driven by US market

Swiss skincare company Galderma said on Thursday that first-quarter sales jumped 25.5% in constant-currency terms to $1.47 billion and signalled it could manage the impact

Samsung workers protest over huge pay gap with SK Hynix, threaten long strike

Tens of thousands of Samsung Electronics workers rallied at a sprawling factory complex south of Seoul on Thursday,

Bain Capital to sell stake in Bridge Data Centres at $5 billion valuation, sources say

U.S. investment firm Bain Capital is seeking to sell a stake of at least 40% in Bridge Data Centres (BDC) in a deal that would

Britain's deficit narrows but fuel duty fall points to Iran war drag

Britain's budget deficit for the last financial year narrowed to a six-year low but official data published on Thursday also showed an early

Finland to spend 3.2% of GDP on defence by 2030 despite austerity

Finland will increase defence spending to 3.2% of gross domestic product by 2030, the government said, as it decided to cut other expenditure and drafted its budget for

Santander suspends buyback pending shareholder approval of Webster deal in US

Santander will suspend its share buyback programme pending approval from U.S. lender Webster Financial's shareholders for a $12.2 billion takeover by the Spanish bank.

Euro zone business activity contracted in April as costs rocketed, PMI shows

Business activity in the euro zone suffered a surprise contraction in April with the U.S.-Israeli war with Iran sapping demand as prices soared, a closely watched survey

Roche sales down 5% as currency effects outweigh gains for haemophilia drug

Swiss drugmaker Roche's first-quarter sales dropped by 5%, it said on Thursday, citing unfavourable foreign exchange effects that

Hormuz crisis throws spotlight on world's largest 'chokepoint' - the Malacca Strait

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca,

Energy costs, inflation could sap beer sales, Heineken says

The world's No. 2 brewer Heineken said on Thursday energy costs and inflation - driven up by the war in Iran - could hit demand for its beers, though its

Price hikes, outlook cuts - What airlines are doing as fuel costs surge

A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.

Nestle rides out Iran war impact, seeks turnaround in China

Nestle beat first-quarter sales forecasts and stuck to its annual outlook on Thursday, riding out the impact of the Iran war though it warned about the risk

Jaguar Land Rover to recall over 170,000 US vehicles over loss of drive power

Jaguar Land Rover is recalling 170,169 vehicles in the U.S. due to loss of drive power, the U.S.

French economic activity contracted at fastest pace in 14 months, survey shows

Business activity in France's private sector contracted at its fastest pace in 14 months as a downturn in the services sector amid the Iran war outweighed stronger factory

German private sector contracts for first time in nearly a year, PMI shows

Germany's private sector contracted for the first time in almost a year in April as the Iran war put the brakes on the country's economic recovery, hitting demand and

Senate passes budget plan for ICE and Border Patrol in bid to reopen Homeland Security Department

The Senate has taken the first steps in a new effort to reopen the Department of Homeland Security, voting to adopt a budget plan that would fund ICE and Border Patrol over Democratic objections

A look at China's behind-the-scenes role in Iran war diplomacy

China's behind-the-scenes role in efforts to de-escalate the Iran conflict has been gaining attention

Residents in rural Sudan say the Iran war has made it harder to get medicines

Some people in Sudan say they have struggled to obtain medicines, and the war in Iran has made that worse

Colombia's leader to visit Venezuela for key talks with acting President Delcy Rodríguez

Colombian President Gustavo Petro is visiting Venezuela for key talks on border security and trade with the country's acting president, Delcy Rodríguez

China teases new aircraft carrier in video, vows to build up islands

China teased in a video an aircraft carrier that could be its fourth, and the first

AI boom lifts Nokia sales, shares hit 16-year high after earnings beat

Nokia raised the growth targets for its artificial intelligence business on Thursday, after the network gear maker beat market

Hyundai Motor posts Q1 profit drop, warns growing business headwind

South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31% drop in

SpaceX targets in-house GPUs as it warns investors of chip supply, costs 

By Echo Wang, Jeffrey Dastin and Max A.

China’s $24 billion pet food market heats up as local brands challenge global players

In a dedicated pet mall in the centre of Beijing, Liu Xin shops for Chinese-branded, ready-made beef and chicken meals for her 2

Iran war boosts European logistics profits as shipping chaos persists

European logistics companies are expected to report higher first-quarter profits, benefiting from the turmoil created by the U.S.-Israeli war

India's John Distilleries open to further stake sale to Sazerac, founder says

John Distilleries is open to selling more, and potentially all, of its founder's remaining stake to U.S. spirits group Sazerac, following an

How much risk can markets swallow?

A look at the day ahead in European and global markets from Rae Wee It's hard to pop the champagne when you're constantly looking over your shoulder.

Factory rebound lifts India's private sector growth in April, PMI shows

Growth in India's private sector accelerated in April as manufacturing and services activity rebounded after cooling last month despite elevated price pressures, a

Renault Q1 sales beat forecasts on strong demand from partners

French automaker Renault on Thursday said first-quarter sales rose 7.3% from a year earlier, well above expectations, as a jump in

Foreign investors buy Japan stocks on US-Iran peace hopes, AI rally

Japanese stocks attracted significant foreign investor inflows in the week through April 18, driven by a rally in artificial intelligence‑related stocks as risk sentiment improved

Houston amends curbs on ICE cooperation after governor's threat ahead of World Cup

Houston city officials amended on Wednesday an ordinance that halted cooperation with federal immigration authorities after the Texas governor

North Korea, Russia aim to open new road bridge soon, KCNA says

North Korea and Russia aim to open a road bridge connecting the

Amid the gloom, Iran conflict hands Indian cotton yarn hub a win

Supply chain and fuel disruptions triggered by the war in the Middle East have dealt a heavy blow to many Indian

Bank of Japan seen dropping hawkish signs even as it keeps rates steady

The Bank of Japan is expected to keep interest rates steady next week but signal its readiness to hike them as soon as June, as a war-driven energy shock

Japan's Nikkei reverses below 60,000 level as profit-taking steps in

Japan's Nikkei share average reversed course on Thursday after briefly topping the 60,000 level, as investors locked in profits from an early rally as the

Canada's prime minister says the US does not get to dictate terms for a trade agreement

Canadian Prime Minister Mark Carney says that Washington cannot dictate the terms of the continental trade deal known as USMCA

Peru's defense and foreign ministers resign after the president stalls US military planes deal

Peru's defense and foreign ministers have resigned after the country's president stalled a $3.5 billion deal for U.S. F-16 fighter jets

Microsoft bets big on AI in Australia with $18 billion investment

Microsoft said on Thursday that it will invest A$25 billion ($17.9 billion) in Australia by the end of 2029 to boost computing and artificial intelligence

USDA to expand acreage surveys to more US farmers

The U.S.

South Korea's Q1 GDP growth roars past market on booming AI-driven chip demand

South Korea's economy delivered its fastest growth in nearly six years last quarter, smashing forecasts as booming chip exports rode a global surge in AI

US Navy Secretary Phelan fired, sources say

Navy Secretary John Phelan has been fired, a U.S. official and a person familiar with the matter said on Wednesday, in another wartime shakeup at the

US Senate poised to advance ICE, border funding plan after marathon voting session

U.S.

Fire after Ukrainian attack at Russia's Tuapse refinery hits air quality

A large contingent of Russian firefighters was battling a blaze for the third day on Wednesday at the Tuapse oil refinery on the Black Sea after a Ukrainian drone attack, and

Unionised Samsung workers to hold rally in South Korea as labour unrest grows

Unions at Samsung Electronics said they expect about 37,000 workers to attend a rally in South Korea on Thursday, ahead of a threatened

American Airlines, Alaska Air explore deeper international partnership, sources say

American Airlines is in preliminary discussions with Alaska Air Group to broaden their existing partnership, potentially by bringing Alaska into

SK Hynix sets record as quarterly profit jumps five-fold, says AI chip demand exceeds capacity

South Korea's SK Hynix on Thursday set a record for quarterly profit with a five-fold jump in earnings and forecast AI chip demand would

Japan's factory activity expands at strongest pace in 4 years, PMI shows

Japan's manufacturing activity expanded at its strongest pace in four years in April as firms boosted production over concerns about potential supply shortages due to

Australia's CSL knocked by Pentagon flu policy shift, stock sinks to 2017 low

Australian biotech giant CSL extended losses on Thursday, lingering near decade lows, after the U.S. military scrapped its flu vaccine mandate, dealing

New Zealand says oil shock delays economy's recovery but does not derail it

New Zealand's economic recovery has been delayed but not derailed, Finance Minister Nicola Willis said on Thursday after the Iran

SoftBank seeks $10 billion margin loan backed by OpenAI shares, Bloomberg News reports

SoftBank Group is seeking a $10 billion loan secured by its shares in ChatGPT-maker OpenAI as it takes on more debt for its push into AI, Bloomberg News reported on Wednesday,

Wildfires across Georgia and Florida destroy more than 50 homes and force evacuations

Wildfires have intensified intensifying across the U.S. Southeast

The NFL has met with the FCC as the league faces scrutiny from regulators

The National Football League has met with the Federal Communications Commission as the league faces scrutiny from federal regulators

TI projects upbeat quarterly results on strong data center chip demand

Texas Instruments forecast second-quarter revenue and profit above Wall Street expectations on Wednesday, anticipating a boost in demand for its analog chips

ServiceNow flags Middle East deal delays, shares crash

ServiceNow reported on Wednesday that delays in closing several large government deals in the Middle East hurt first-quarter subscription revenue growth, sending

Intel lands Tesla as first major customer for 14A chip technology 

Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its

New Zealand's opposition Labour Party to support India free trade deal

New Zealand's opposition Labour Party said on Thursday it would support a free trade deal with India, paving the way for the agreement to clear parliament after one of

Private credit funds for wealthy individuals raise 45% less new money in Q1, RA Stanger says

New money flows into a popular category of private credit funds for wealthy investors dropped by 45% in the first three months of this year from the same

Mexico 'shouldn’t be nostalgic' about zero-tariff era, economy minister says

Mexico's Economy Minister Marcelo Ebrard acknowledged on Wednesday that tariffs on the country's automotive, steel and aluminum

Anthropic seeks to debunk Pentagon's claims about its control over AI technology in military systems

Anthropic on Wednesday told an appeals court that it can’t manipulate its artificial intelligence tool Claude once it is deployed in classified Pentagon military networks

Vaccines, budget cuts and affordability: Takeaways from RFK Jr.’s gauntlet of congressional hearings

Health Secretary Robert F. Kennedy Jr. has concluded a marathon of budget hearings with federal lawmakers

Water to surge into drought-depleted Lake Powell but at costs elsewhere

Desert canyons in eastern Utah will be churning this spring with huge volumes of water in a desperate attempt to keep a reservoir on the Colorado River generating electricity

Argentina's Milei proposes elections overhaul, latest effort to shrink state

Argentina’s government on Wednesday said it sent Congress an electoral reform bill it said would cut costs, boost

US intercepts three Iranian oil tankers in Asian waters, sources say

The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia

USDA to announce next phase of agency reorganization this week, agriculture secretary says

U.S.

Iran seizes ships in Strait of Hormuz after US calls off renewed attacks

Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic

Trading Day: Nasdaq hits new high

U.S. stocks surged on Wednesday, with the Nasdaq setting a new high and the S&P 500 a new closing high, as tech and earnings optimism

Southwest forecasts second-quarter profit below estimates as higher fuel costs bite

Southwest Airlines on Wednesday forecast second-quarter earnings below Wall Street expectations and declined to update its full-year outlook, as surging fuel costs and economic

Lululemon says it picks former Nike executive as next CEO

Lululemon Athletica picked a former top Nike executive as its next chief executive as the athletic apparel retailer known for its stretchy yoga

IBM's slower revenue growth fans AI worries, shares fall

IBM's revenue growth slowed in the first quarter on sluggishness in its software business, fanning fears of disruption from artificial intelligence tools and

Kinder Morgan tops quarterly profit estimates amid rising natural gas demand

Kinder Morgan exceeded Wall Street expectations for first-quarter profit on Wednesday, as the pipeline operator benefited from increased U.S. natural gas demand

Senators raise concerns about US bailout of Spirit Airlines

A number of U.S. lawmakers expressed concerns about a potential federal government rescue of bankrupt Spirit Airlines, with the Republican chair of

Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams

Tesla sharply raised its spending plan to more than $25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics

Casino operator Las Vegas Sands quarterly profit rises on Macau, Singapore demand

Las Vegas Sands reported a higher first-quarter profit on Wednesday, driven by strong demand from both its Macau and Singapore businesses, sending the casino operator's shares up

CSX quarterly earnings climb as intermodal volumes strengthen

U.S. railroad operator CSX on Wednesday reported higher first-quarter profit and revenue, helped by strong intermodal volumes and firm pricing, sending its

Trump Media has pivoted to crypto, financial services and nuclear fusion. Its stock keeps falling.

The Trump family's alternative to Facebook and Twitter is shaking up its leadership in hopes of reviving the struggling business

Two year closure was his idea, says Trump’s new Kennedy Center leader, defending dramatic move

Two year closure was his idea, says Trump’s new Kennedy Center leader, defending dramatic move

More kids than ever are attending state-funded preschool, with California's surge leading the way

More kids than ever are attending state-funded preschool in the U.S., 1.8 million of them the last school year

Tesla profits rose in the first quarter as Musk teases debut of new Roadster

Tesla's profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025

Spirit Airlines close to a $500 million bailout from Trump administration

Spirit Airlines close to a $500 million bailout from Trump administration

Gov. Tim Walz to release 'Good Neighbors,' inspired by ICE surge in Minnesota and the pushback

Minnesota Gov. Tim Walz is working on a book inspired in part by a massive immigration enforcement surge in Minneapolis-St. Paul earlier this year and the local pushback

Board game maker files claim as tariff refunds open nationwide

Board game maker files claim as tariff refunds open nationwide

S&P, Nasdaq close at records on Iran ceasefire extension, earnings

U.S. stocks climbed on Wednesday to send the S&P 500 and Nasdaq to closing records, after U.S.

US farm secretary says USDA is speaking with White House daily on high fertilizer prices

U.S.

Kalshi suspends three US congressional candidates for 'political insider trading'

Prediction markets platform Kalshi said on Wednesday it has suspended three U.S. congressional candidates for "political insider trading," building on

CSX delivers 25% jump in profit as it hauls more goods and cuts expenses

CSX railroad’s profit jumped 25% in the first quarter as the railroad hauled 3% more shipments and cut its expenses

Athleisure company Lululemon appoints Heidi O'Neill as new top boss, WSJ says

Athletic apparel maker Lululemon picked Heidi O'Neill as CEO, the Wall Street

Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

The German company that owns Lufthansa Airlines and other European carriers says it plans to cut 20,000 short-haul flights through October as the Iran war drives up oil prices and deepens worries that some countries may run low on jet fuel

How Wall Street is setting records even with the Iran war still going on

It seems so illogical

US stocks rally to records, but Brent oil also tops $100 on worries about the Iran war

The U.S. stock market set more records after GE Vernova and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected

Mandelson scandal shatters UK PM Starmer's promise of stable government

Prime Minister Keir Starmer came to power on a promise to govern Britain efficiently after years of political

UN leadership candidates vow to pursue reform and core principles

Candidates to become the next head of the United Nations vowed on Wednesday to revitalize the troubled organization by pursuing reforms,

New tool helps visualize water use — and what’s not reaching the Great Salt Lake

New tool helps visualize water use — and what’s not reaching the Great Salt Lake

US criticizes China's pressure on African countries to block Taiwan president's trip

The United States is concerned that several African countries revoked overflight clearances for Taiwan's president at China's behest, the State

Warner Bros. Discovery shareholders are about to vote on the Paramount mega-deal

Warner Bros. Discovery shareholders are about to vote on the Paramount mega-deal

Kansas City food truck owners say new rules could put them out of business

Kansas City food truck owners say new rules could put them out of business

TSMC shows smaller, faster chips without a pricey new tool from ASML 

By Stephen Nellis and Max A.

TSMC plans to open chip packaging plant in Arizona by 2029, executive says 

By Stephen Nellis and Max A.

Stocks end higher on ceasefire relief, oil gains as truce is tested

Wall Street stocks gained ground on Wednesday following U.S.

Goldman Sachs settles shareholder lawsuit over 1MDB scandal

Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a

Trump administration nears $500 million Spirit rescue as Iran fuel shock hits airlines

The Trump administration is nearing a deal to rescue low-cost carrier Spirit Airlines that could include up

JPMorgan hires two top technology bankers from Bank of America, memo says

JPMorgan has hired two veteran technology bankers from Bank of America as it continues to expand its tech investment banking group, according to an

Royals will build a $1.9B downtown KC ballpark as part of a $3B project with Hallmark Cards

The Kansas City Royals are moving from Kauffman Stadium to downtown Crown Center

'It was all a miracle’ Man rescued after days lost in wilderness

'It was all a miracle’ Man rescued after days lost in wilderness

988 hotline's launch is linked to thousands of fewer suicide deaths among teens and young adults

Nearly 4,400 fewer U.S. teens and young adults died by suicide than projected in the first two-and-a-half years of the 988 mental health crisis hotline

Brighton City Council votes to demolish century-old historic landmark despite community pushback

Brighton City Council votes to demolish century-old historic landmark despite community pushback

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

Confusion is deepening in the Strait of Hormuz after Iran attacked three ships near the crucial waterway that has plunged the world into an energy crisis

Nvidia-backed VAST Data valued at $30 billion in latest funding round

VAST Data said on Wednesday it was valued at $30 billion in its latest funding round, growing more than threefold since 2023, helped by strong interest in companies that build the

Convenience store chain Yesway climbs in Nasdaq debut as IPO market recovers

Convenience store operator Yesway's shares jumped 10% in their Nasdaq debut on Wednesday, signaling a revival in investor appetite for new listings as equity

National Healthcare Properties shares fall in Nasdaq debut after REIT's $462-million IPO

Real estate investment trust National Healthcare Properties' shares fell 3.7% in its Nasdaq debut on Wednesday, as investor appetite for new listings remains uneven amid

Oil up $3 on drop in US fuel stocks, reports of gunfire hitting container ships in Hormuz

Oil prices settled up by more than $3 on Wednesday after a surprise gasoline and distillate stock draw in the U.S., and on reports of gunfire

Goldman Sachs' Akila Raman to lead alternatives capital markets business, memo shows

Goldman Sachs has appointed insider Akila Raman as the global head of its private and alternatives capital markets business, according to a memo seen by Reuters on Wednesday.

LinkedIn names insider Daniel Shapero as new CEO

Microsoft's LinkedIn named Chief Operating Officer Daniel Shapero as its new CEO, tapping a veteran of the professional networking site to lead it through an era of AI-driven

Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair

Proxy advisor ISS on Wednesday recommended that ConocoPhillips shareholders vote in favor of a proposal calling for an independent board chair, citing the need for stronger

How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal

Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's

'Lipstick effect' boosts L'Oreal sales as crisis-weary consumers turn to beauty

L'Oreal posted its fastest quarterly sales growth in two years on Wednesday and said it was optimistic about growth, despite growing concerns about a

US breach of commitments, blockade of ports main obstacles to 'genuine negotiation', Iranian president says

The U.S. breach of commitments and its blockade of Iranian ports and threats are the main obstacles to "genuine negotiations", Iranian President Masoud Pezeshkian said on

US-based Virtus and Indian partner to restart Congo copper miner Chemaf in 2027, union executive says

U.S.-based Virtus Minerals and Indian partner Lloyds Metals & Energy plan to restart full production at Congolese copper and cobalt miner

Fannie, Freddie to accept 'predictive' credit scores, US officials say

Housing finance giants Fannie Mae and Freddie Mac are now accepting additional credit scores that take into account rent and

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Minnesota counties push Legislature to shore up support for software upgrades decades overdue

Peru's Balcazar says payment for F-16 purchase postponed until next government takes power

Peruvian interim President Jose Balcazar said on Wednesday that the payment for a purchase of F-16 aircraft has been postponed until the next government takes power in July.

Condom maker may raise prices because of Iran war

Condom maker may raise prices because of Iran war

Trump ballroom deal shields donor identities, limits conflict safeguards, contract shows

Newly released documents show the Trump administration set up a legal framework allowing hundreds of millions of dollars in anonymous private donations to fund

$28 billion and counting: Europe tallies the cost of another energy crisis

$28 billion and counting: Europe tallies the cost of another energy crisis

DHS warns it will run out of money to pay airport security workers in coming weeks

DHS warns it will run out of money to pay airport security workers in coming weeks

Devin Nunes steps down as head of Trump’s struggling media company

Devin Nunes steps down as head of Trump’s struggling media company

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Trump advisers privately strategize around a new midterm push: Democrats would be worse

Russia to stop Kazakh oil flows to German PCK refinery via Druzhba

Russia will stop the supply of Kazakh crude oil via the Druzhba pipeline to Germany from May 1, Deputy Prime Minister

Brazil's BRB shareholders approve $1.8 billion capital increase

Shareholders of Brazilian state-run lender Banco de Brasilia (BRB) on Wednesday approved a capital increase of up to 8.8 billion reais ($1.77

EU may let startups claim innovation benefits in M&A if Big Tech not involved

Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of

United Airlines says fares may need to rise up to 20% to offset fuel surge

United Airlines CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs,

Boeing CEO: Trump is key to closing major plane order from Chinese airlines

Boeing is counting on the Trump

From paint to flights, Iran war lifts costs, darkens outlooks

Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is

Wall Street rises on Iran ceasefire extension and solid earnings

U.S. stocks climbed on Wednesday after U.S.

Bessent says Gulf, Asian allies request swap lines, UAE and US would benefit from one

U.S.

Canada is not a supplicant, will not let US dictate terms of USMCA review, says Carney

Canada is not a supplicant that will allow the U.S. to dictate the terms for a scheduled review of the United States-Mexico-Canada trade treaty, Prime

United Airlines CEO plays down merger talk as White House signals skepticism

United Airlines CEO Scott Kirby on Wednesday played down speculation about a potential tie-up with American Airlines and declined to comment on

US hoping for wider farm goods purchases deal from China in Trump's trip, Greer says

The U.S. is aiming to get agreement on a broader range of farm goods purchases by China beyond soybeans during President Donald Trump's planned visit there next month, U.S.

Deutsche Telekom and T-Mobile in early talks for mega merger, sources say

Deutsche Telekom is exploring a deal to combine with T-Mobile US and create a transatlantic

Boeing posts smaller-than-expected loss as recovery gains traction, shares jump

Heavy rain and snowmelt are hurtling large chunks of ice into northeastern Michigan homes

Large chunks of ice have rammed into homes along Michigan's Black Lake in the northeastern Lower Peninsula as constant spring rainfall and winter melt have flooded homes and threatened to overflow stressed dam systems

Supreme Court rules for Michigan in its fight to shut down an aging energy pipeline

The Supreme Court has sided with Michigan in ruling that the state’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel will stay in state court

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Zelensky tells CNN talks on Ukraine cannot wait until after the war in Iran is over

Sorry, Tampa Bay, mixed-use districts don’t reverse the dismal economics of sports venues

Tampa residents, take note: The Battery has delivered for the Atlanta Braves, but not for Georgia taxpayers.

US Labor Department unveils proposal on contract, franchise worker pay

President Donald Trump's administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate

Wall Street opens higher on ceasefire extension relief

Wall Street's main indexes opened higher on Wednesday after U.S.

Boston Scientific cuts annual forecast, shares rise on reset

Medical device maker Boston Scientific slashed its annual profit and revenue growth forecasts on Wednesday, a move analysts said could reassure

Honeywell's Quantinuum confidentially files for US IPO

Industrial giant Honeywell said on Wednesday its quantum computing company, Quantinuum, has confidentially filed paperwork for a U.S. initial public offering.

Robinhood's venture fund bets on OpenAI as retail rush for AI heats up

Robinhood's venture fund said on Wednesday it has invested $75 million in OpenAI, allowing retail investors exposure to one of the world's hottest privately held AI

Germany halves 2026 growth forecast, raises inflation outlook amid Iran war

Germany's economy ministry cut its growth forecasts for 2026 and 2027 and raised its inflation projections on Wednesday, as the Iran war drives up oil

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Crypto entrepreneur Justin Sun on Tuesday ​sued World Liberty Financial, the digital currency venture co-founded by

Philip Morris trims annual profit forecast amid nicotine pouch uncertainty

Philip Morris International cut its annual profit forecast on Wednesday amid regulatory uncertainty over its Zyn nicotine pouches and rising competition in

Waiting for 'safe and sustainable' strait crossings, top shipping execs say

Safe and sustainable passage through the Strait of Hormuz is what top shipping companies require before the world's sees much oil or cargo

Dollar gains as Iran war keeps central banks in wait-and-see mode

The dollar rose on Wednesday on lingering concerns about the ongoing U.S.-Israeli war with Iran, after President Donald Trump

Private credit funds' shares trade at steep discounts as concerns grow

Shares of private credit funds are trading at their deepest discounts to net asset values in more than 5-1/2 years as investors grow more sceptical of

Toronto exchange operator to buy Cboe's Canada, Australia units

TMX Group on Wednesday agreed to buy Cboe Global Markets' Canadian and Australian businesses for $300 million, in a deal that

Best Buy taps insider Bonfig to succeed veteran Barry as CEO amid demand slowdown

Best Buy on Wednesday named insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, in a leadership change that comes as the

Number of top women bankers edges up despite US backlash, study shows

The number of women holding top jobs at leading financial institutions has edged up to a record high, a new report has shown, suggesting diversity is