U.S. World Business Lifestyle
Today: June 12, 2026
Today: June 12, 2026

Economy

Economy|Environment|Health|Political|World

Once beset by power outages, Puerto Ricans also hit with severe water shortages

Thousands of Puerto Ricans are struggling with water shortages so severe that the governor of the U.S. territory has activated the National Guard and emergency responders are fielding calls every day

Once beset by power outages, Puerto Ricans also hit with severe water shortages
Asia|Business|Economy|Science|Technology|World

Nvidia begins Vera CPU sales pitch to Chinese clients, sources say

Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three

Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
Business|Economy|Europe|Finance|Stock Markets|World

ECB policymakers keep July hike on table

European Central Bank policymakers kept a follow-up rate hike in July on the table on Friday given rapid inflation, but said it was far too early to say if a move would

ECB policymakers keep July hike on table
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|World

Hope springs eternal, especially for markets

A look at the day ahead in European and global markets from Stella Qiu Hope, as the saying goes, springs external.

Hope springs eternal, especially for markets
Business|Economy|Entertainment|Science|Technology

SpaceX IPO makes Elon Musk the world's first trillionaire

Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in

SpaceX IPO makes Elon Musk the world's first trillionaire
Business|Economy|Environment|Health|Technology

Ford to recall more than 255,400 US vehicles over engine issue

Ford is recalling 255,404 vehicles in the U.S. over an issue with the canister purge valve, which may malfunction, causing the engine to stall unexpectedly while driving, the U.S.

Ford to recall more than 255,400 US vehicles over engine issue
Business|Economy|Finance|Sports|World

UK economy began to feel fallout from Iran war in April, data shows

Britain's economy contracted by 0.1% in April, its first monthly drop since August as the Iran war's cancellation of Formula 1 Grand Prix

UK economy began to feel fallout from Iran war in April, data shows
Business|Economy|Europe|Finance|Stock Markets|World

French inflation rises to highest in over two years at 2.8% in May

Consumer prices in France rose 2.8% year-on-year in May, the highest level since February 2024, statistics office INSEE said on Friday, confirming a preliminary reading published

French inflation rises to highest in over two years at 2.8% in May
Asia|Business|Economy|World

Japan core inflation seen below BOJ target for fourth month in May: Reuters poll

Japan's core consumer inflation likely held steady in May at roughly the previous month's pace due to end of government fuel subsidies, leaving inflation below the Bank of

Japan core inflation seen below BOJ target for fourth month in May: Reuters poll
Business|Economy|Finance|Political|World

India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports

India is preparing for a wider-than-expected budget deficit this year, Bloomberg News reported on Friday, citing an official familiar with the matter, as the war in Iran raises

India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports
Business|Economy|Finance|World

Vale's top shareholder pushes for meeting on chairman's removal

Brazil's Vale, one of the world's largest iron ore producers, said on Thursday it

Vale's top shareholder pushes for meeting on chairman's removal
Business|Economy|Finance|World

Bank of Japan set to hike rates to 31-year high, drop hawkish signals

The Bank

Bank of Japan set to hike rates to 31-year high, drop hawkish signals
Business|Economy|Political|World

Trump nominates US Attorney Jay Clayton to be director of national intelligence

President Donald Trump is nominating Jay Clayton, the U.S. attorney for the Southern District of New York and a former Securities and Exchange Commission chairman, as director of national intelligence

Trump nominates US Attorney Jay Clayton to be director of national intelligence
Asia|Business|Economy|Finance|Stock Markets|World

Bank of Korea governor says interest rates to be raised 'on time'

South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable

Bank of Korea governor says interest rates to be raised 'on time'
Business|Economy|Environment|World

US summer driving season hits as gasoline supplies squeezed tight

U.S. vacationers are barreling into peak summer driving season just as the gasoline market faces a supply crunch, with resilient domestic demand and surging

US summer driving season hits as gasoline supplies squeezed tight
Business|Economy|Finance|Stock Markets|Technology

Musk's SpaceX raises $75 billion in largest IPO ever

Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at

Musk's SpaceX raises $75 billion in largest IPO ever
Economy|Political|US|World

Iran says no final decision made on deal that Trump hopes could be signed soon

President Donald Trump on Thursday said the United States and Iran could sign a peace deal as soon as this weekend that would

Iran says no final decision made on deal that Trump hopes could be signed soon
Business|Economy|Election|Finance|Political|World

US judge blocks Ken Paxton's lawsuit against Democratic fundraising platform ActBlue

A federal judge on Thursday blocked Republican Texas Attorney General Ken Paxton from continuing to pursue a lawsuit against the Democratic fundraising

US judge blocks Ken Paxton's lawsuit against Democratic fundraising platform ActBlue
Business|Economy|World

New Zealand manufacturing slips into contraction amid weak demand, higher costs

New Zealand's manufacturing activity contracted slightly in May, slipping back into negative territory after seven months of expansion, as businesses remained concerned

New Zealand manufacturing slips into contraction amid weak demand, higher costs
Economy|Political|World

The Latest: Trump says he’s called off new military strikes on Iran after threatening escalation

President Donald Trump says he’s called off new military strikes on Iran hours after threatening to escalate the 3-month-old war

The Latest: Trump says he’s called off new military strikes on Iran after threatening escalation
Business|Economy|Education|Finance|Political

The president’s Trump Accounts didn’t initially plan for foster kids — until the first lady’s office stepped in

The president’s Trump Accounts didn’t initially plan for foster kids — until the first lady’s office stepped in

The president’s Trump Accounts didn’t initially plan for foster kids — until the first lady’s office stepped in
Business|Economy|Education|Political

New Mexico judge dismisses a legal challenge to first-in-the-nation universal childcare program

A New Mexico judge has dismissed a challenge over the legality of the state's fledgling universal childcare program

New Mexico judge dismisses a legal challenge to first-in-the-nation universal childcare program
Economy|Environment|Health|Political|Science

Political blame game follows as screwworm parasite threatens cattle in Texas

The return of the screwworm parasite to the U.S. has some politicians trying to figure out who to blame

Political blame game follows as screwworm parasite threatens cattle in Texas
Business|Economy|Travel|World

Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved 'issues'

The opening of a Canadian-U.S. bridge across the Detroit River, which President Donald Trump had previously threatened to block, has been delayed due to unresolved issues

Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved 'issues'
Business|Economy|Finance|Technology|World

Elon Musk's SpaceX kicks off mega IPO wave with $75 billion haul

Elon Musk's SpaceX began trading on Nasdaq on Friday after the rocket and satellite maker raised $75 billion in its initial public offering, shattering records and eclipsing Saudi

Elon Musk's SpaceX kicks off mega IPO wave with $75 billion haul
Business|Economy|Finance|Science|Stock Markets|Technology

SpaceX by the numbers: Six charts map businesses behind the largest-ever IPO

SpaceX made its Nasdaq debut on Friday, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and

SpaceX by the numbers: Six charts map businesses behind the largest-ever IPO
Business|Economy|Finance|Stock Markets|Technology

Adobe CFO exit fans strategy worries despite outlook raise

Adobe on Thursday announced the exit of CFO Dan Durn, adding to concerns about the Photoshop maker's strategy to navigate the crowded design industry, though the

Adobe CFO exit fans strategy worries despite outlook raise
Business|Economy|Finance|Stock Markets|Technology|World

Trading Day: Peace beckons ... again

Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S.

Trading Day: Peace beckons ... again
Business|Economy|Finance|Political|Stock Markets|US|World

Trump picks top Manhattan federal prosecutor as next intelligence chief

President Donald Trump on Thursday nominated Jay Clayton, the top U.S. attorney for Manhattan, to be the next U.S. spy chief, amid a

Trump picks top Manhattan federal prosecutor as next intelligence chief
Business|Economy|Finance|Stock Markets|US

Lennar sees third quarter deliveries below estimates as housing market stays sluggish

Lennar forecast third-quarter home deliveries below Wall Street estimates on Thursday amid a persistently weak U.S. housing market, sending its shares down 3.2% after the bell.

Lennar sees third quarter deliveries below estimates as housing market stays sluggish
Business|Economy|Political|US|World

Trump nominates Jay Clayton to top intelligence post amid uproar over prior, interim pick

Trump nominates Jay Clayton to top intelligence post amid uproar over prior, interim pick

Trump nominates Jay Clayton to top intelligence post amid uproar over prior, interim pick
Economy|Political|US|World

Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the war

U.S. President Donald Trump has called off new military strikes on Iran, hours after threatening to escalate the war

Trump calls off latest threats to strike Iran, citing a breakthrough in talks to end the war
Business|Economy|Finance|Political|World

Argentina's inflation slows to 8-month low in a boost for President Milei

Economic data has shown Argentina’s inflation slowing for the second straight month in May

Argentina's inflation slows to 8-month low in a boost for President Milei
Business|Economy|Finance|Stock Markets|Technology

Crypto exchanges cash in on SpaceX frenzy with pre-IPO derivatives

Before SpaceX goes public, crypto exchanges are giving traders a way to make risky bets on the company's future share price.

Crypto exchanges cash in on SpaceX frenzy with pre-IPO derivatives
Business|Economy|Finance|Technology|World

Honeywell targets $2 billion-$4 billion deals, eyes industrial automation M&A

Honeywell on Thursday said it is targeting deals valued at $2 billion to $4 billion and sees scope for acquisitions in its industrial automation business

Honeywell targets $2 billion-$4 billion deals, eyes industrial automation M&A
Business|Economy|Finance|Stock Markets|Technology|World

States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX

Investment leaders from four large states pressed Nasdaq and FTSE Russell for

States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
Economy|World

Argentina May inflation slows for second straight month to 2.1%, below forecasts

Argentina recorded slower inflation in May for the second month in a row, below analyst forecasts, even as the 12-month figure increased, data from national

Argentina May inflation slows for second straight month to 2.1%, below forecasts
Business|Economy|Finance|Stock Markets|US|World

US appeals court extends block on ruling against Trump's 10% global tariff

A U.S. appeals court on Thursday extended its block on a lower court ruling against the Trump administration's 10% global tariff under Section 122 of

US appeals court extends block on ruling against Trump's 10% global tariff
Business|Economy|Science|Technology

Musk's SpaceX prices record $75 billion IPO at $135 a share

SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the

Musk's SpaceX prices record $75 billion IPO at $135 a share
Business|Economy|Finance|Stock Markets|World

Wall Street indexes jump, Trump says strikes against Iran canceled

U.S. stocks ended sharply higher on Thursday, with indexes extending gains after U.S.

Wall Street indexes jump, Trump says strikes against Iran canceled
Economy|Political|World

Trump says 'great' Iran settlement will trigger opening of Strait of Hormuz

U.S.

Trump says 'great' Iran settlement will trigger opening of Strait of Hormuz
Australia|Business|Economy|Finance|Stock Markets|World

Australia's central bank to pause on June 16; a minority still see Q3 rate hike: Reuters poll

The Reserve Bank of Australia will pause its tightening cycle on June 16, according to a Reuters poll of economists as a cooling economy gives

Australia's central bank to pause on June 16; a minority still see Q3 rate hike: Reuters poll
Business|Economy|Finance|Stock Markets|Technology

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again
Business|Crime|Economy|Environment|Health|Science|Technology

More than 30 lawsuits filed against aerospace company in California over damaged chemical tank

More than 30 lawsuits have been filed against GKN Aerospace after one of the company’s tanks containing a highly flammable chemical overheated and threatened a catastrophic explosion in California's Orange County

More than 30 lawsuits filed against aerospace company in California over damaged chemical tank
Economy|Finance|Political|US|World

FISA spy powers are almost certain to expire after Congress fails to act

A key surveillance tool that allows the United States to collect intelligence abroad appears certain to expire

FISA spy powers are almost certain to expire after Congress fails to act
Economy|Environment|Science|World

El Niño has arrived - what is it and how it affects global weather

El Niño is officially here and may become one of the strongest on record, but what is this global weather influencing phenomenon? CNN Meteorologist Derek Van Dam shows what it is and how it might affect you.

El Niño has arrived - what is it and how it affects global weather
Business|Crime|Economy|Environment|World

Man accused of using magnet to steal diesel fuel across the Gulf Coast

Man accused of using magnet to steal diesel fuel across the Gulf Coast

Man accused of using magnet to steal diesel fuel across the Gulf Coast
Business|Crime|Economy|Education|Entertainment|Lifestyle

2 sentenced after pleading guilty for roles in viral downtown Cincinnati brawl

2 sentenced after pleading guilty for roles in viral downtown Cincinnati brawl

2 sentenced after pleading guilty for roles in viral downtown Cincinnati brawl
Business|Economy|Education|Opinion

Why corporate inclusion policies are moral decisions, not just business ones

Before asking whether inclusion is good for business, we should ask whether it is the right thing to do, two scholars argue.

Why corporate inclusion policies are moral decisions, not just business ones
Business|Economy|Finance|Stock Markets|US

Citi hires Ryan Beaupré as MD in consumer and retail investment banking push

Citigroup has made another hire this week to strengthen its consumer and retail investment banking group, with Ryan Beaupré joining as a managing

Citi hires Ryan Beaupré as MD in consumer and retail investment banking push
Business|Economy|Finance|Stock Markets|US|World

US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge

U.S. producer prices increased more than expected in May, leading to the largest annual gain in 3-1/2 years as the Middle East conflict boosted the

US producer inflation posts largest annual gain in 3-1/2 years as energy prices surge
Africa|Economy|Political|World

US plans to deport Iranians to Central African Republic, sources say

The Trump administration plans to deport a number of Iranians and other migrants to Central African Republic, a

US plans to deport Iranians to Central African Republic, sources say
Business|Economy|Europe|Political|Technology|World

Italy's Meloni urges NATO rethink on defence spending as Rome lifts outlays

Italy will ramp up its official defence budget this year, but NATO allies should rethink military priorities as warfare is transformed by drones,

Italy's Meloni urges NATO rethink on defence spending as Rome lifts outlays
Business|Economy|Finance|Stock Markets|US|World

John Delaney's Forbright valued at roughly $900 million in Nasdaq debut

Forbright, founded by former U.S.

John Delaney's Forbright valued at roughly $900 million in Nasdaq debut
Business|Economy|Science|Technology

Anthropic pursues data center leases, seeks financial backing from Google, The Information reports

June 11 - AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet's Google for the lease payments, The Information reported on Thursday.

Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
Business|Economy|Finance|Political|Stock Markets|World

Oil drops as Trump cancels planned strikes against Iran

Oil prices fell on Thursday after U.S.

Oil drops as Trump cancels planned strikes against Iran
Business|Economy|Finance|Political|World

UK defence minister quits, says Starmer not spending enough to keep country safe

British defence minister John Healey quit on Thursday over a months-long dispute over military spending, accusing Prime

UK defence minister quits, says Starmer not spending enough to keep country safe
Business|Economy|Finance|Stock Markets|World

Equities rally, dollar dips with oil as Trump cancels Iran attacks

MSCI's global equities index rallied on Thursday while the dollar and bond yields fell, along with oil futures, on renewed hopes for

Equities rally, dollar dips with oil as Trump cancels Iran attacks
Business|Economy|Finance|Stock Markets|World

Dollar falls after Trump halts US strikes on Iran

The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the

Dollar falls after Trump halts US strikes on Iran
Business|Economy|Finance|Political|Stock Markets|US|World

US Congress rejects short-term FISA extension as expiration looms

The U.S.

US Congress rejects short-term FISA extension as expiration looms
Business|Economy|World

Exxon's head of global trading is retiring, sources say

Exxon Mobil's head of global trading Tracey Gunnlaugsson is retiring, two sources with knowledge of the matter

Exxon's head of global trading is retiring, sources say
Business|Economy|Education|Political

Melania Trump unveils a spinoff of Trump Accounts for children in foster care

First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts, designed to help foster children

Melania Trump unveils a spinoff of Trump Accounts for children in foster care
Business|Economy|Environment|Food|Health

After a historically dry 2025 monsoon, local farm hoping for a bounce-back

After a historically dry 2025 monsoon, local farm hoping for a bounce-back

After a historically dry 2025 monsoon, local farm hoping for a bounce-back
Arts|Economy|Education|Entertainment|Political|Sports

At least six states are bowing out of Trump’s ‘Great American State Fair’

At least six states are bowing out of Trump’s ‘Great American State Fair’

At least six states are bowing out of Trump’s ‘Great American State Fair’
Business|Economy|Finance|Stock Markets|Technology

Oracle shares slide as hefty AI spending, debt plans spook investors

Oracle shares tumbled 12% on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the

Oracle shares slide as hefty AI spending, debt plans spook investors
Business|Economy|Europe|Finance|Stock Markets|World

Elliott mulls $2.67 billion takeover of UK's The Very Group, Sky News reports

U.S.-based investment firm Elliott Advisors has joined bidders considering a takeover of The Very Group in a deal that could value the British online retailer at £2 billion ($2.67

Elliott mulls $2.67 billion takeover of UK's The Very Group, Sky News reports
Business|Economy|Europe|Political|World

Geneva steps up security for 50,000-strong G7 protest as France hosts summit

France plays host to a Group of Seven summit next week but it is shopkeepers in neighbouring Switzerland who have already boarded

Geneva steps up security for 50,000-strong G7 protest as France hosts summit
Business|Economy|Environment|Finance|Stock Markets|US|World

USDA cuts U.S. winter wheat harvest outlook after Plains drought

The U.S.

USDA cuts U.S. winter wheat harvest outlook after Plains drought
Business|Economy|Election|Finance|Political|Stock Markets|US|World

US midterm advertising bill to hit record $11.6 billion, fueled by Senate races, AdImpact says

The U.S. midterm elections in November are projected to cost $11.6 billion, a record for political advertising in any electoral cycle, fueled in part by surging spending in Senate

US midterm advertising bill to hit record $11.6 billion, fueled by Senate races, AdImpact says
Business|Economy|Finance|Political|Stock Markets|US

Wall Street regulator proposes to scrap 'order protection rule'

The U.S.

Wall Street regulator proposes to scrap 'order protection rule'
Business|Economy|World

Once an Arab oil embargo victim, US becomes world's top oil exporter

The United States has become the world's largest oil exporter, upending a decades-

Once an Arab oil embargo victim, US becomes world's top oil exporter
Economy|Europe|Finance|Stock Markets|World

IMF cuts 2026 euro zone growth forecast with higher inflation, warns  worse could come

The International Monetary Fund cut its growth forecast for the euro zone on Thursday and raised its expectation for inflation because of the U.S.-

IMF cuts 2026 euro zone growth forecast with higher inflation, warns  worse could come
Business|Economy|Europe|Political|World

US and EU near deadline on $11.5 billion tariffs in long-running aircraft dispute

The United States and the European Union have yet to decide whether to continue suspending or to reimpose tariffs on $11.5 billion of goods in a

US and EU near deadline on $11.5 billion tariffs in long-running aircraft dispute
Economy|Europe|World

EU presidency proposes small cut to bloc's 2028-2034 budget to kick off negotiations

The European Union's budget for 2028-2034 should be 2% smaller than the 2 trillion euros proposed last year, the Cypriot EU presidency proposed on

EU presidency proposes small cut to bloc's 2028-2034 budget to kick off negotiations
Business|Economy|Political|US|World

US lawmakers seek $750 million for Ukraine, rename Pentagon 'Department of War' in defense bill

The U.S.

US lawmakers seek $750 million for Ukraine, rename Pentagon 'Department of War' in defense bill
Business|Economy|Travel|World

US, Canada delay opening of new bridge after Trump raised objections

The U.S. and Canada have decided to delay the opening of a new $4.7 billion bridge connecting Detroit and Windsor, Ontario, that was set to open in

US, Canada delay opening of new bridge after Trump raised objections
Business|Economy|Finance|Stock Markets|Technology

BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports

Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk's SpaceX , the Wall Street Journal reported on Thursday,

BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports
Business|Economy|Europe|World

Being on US sanctions list not sufficient to refuse EU bank account, court rules

Inclusion on a United States sanctions list is not sufficient on its own for a refusal to open a bank account in the European Union, the Court of Justice of the European

Being on US sanctions list not sufficient to refuse EU bank account, court rules
Business|Economy|World

Grupo Mexico, U.S. partner eye Argentina grain freight network in Milei privatization push

Mexico's Grupo Mexico Transportes USA (GMXT) has struck a deal with U.S. rail technology company Wabtec to jointly bid for Argentina's state-run

Grupo Mexico, U.S. partner eye Argentina grain freight network in Milei privatization push
Business|Economy|Finance|Stock Markets|US|World

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started

Average US long-term mortgage rate rises to 6.52%, just below its high for the year
Economy|Environment|Political|Science|World

Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations

Brazilian officials have announced a significant drop in deforestation rates

Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations
Business|Economy|Education|Environment|Lifestyle|Technology

Girls Only Construction Camp in Florida preps students for a growing industry

Girls Only Construction Camp in Florida preps students for a growing industry

Girls Only Construction Camp in Florida preps students for a growing industry
Business|Economy|Finance|Stock Markets|Technology

SpaceX IPO draws more than $70 billion in retail orders, Bloomberg News reports

Elon Musk's SpaceX has drawn more than $70 billion in orders from retail investors for its blockbuster initial public offering, Bloomberg News reported on Thursday, citing people

SpaceX IPO draws more than $70 billion in retail orders, Bloomberg News reports
Business|Economy|Finance|Political|Stock Markets|US

US Supreme Court rules against private suits brought under key securities law

The U.S.

US Supreme Court rules against private suits brought under key securities law
Business|Economy|Finance|World

Bangladesh unveils $77 billion budget, eyes 6.5% growth

Bangladesh unveiled a 9.38 trillion taka ($77 billion) national budget on Thursday, targeting 6.5% economic growth and 7.5% inflation as the government seeks to revive an

Bangladesh unveils $77 billion budget, eyes 6.5% growth
Business|Economy|Environment|Science|World

El Nino conditions are present, US forecaster says

El Nino conditions are present and expected to strengthen into the Northern Hemisphere winter of 2026–27, the U.S. Climate Prediction Center said on Thursday.

El Nino conditions are present, US forecaster says
Business|Economy|Entertainment|Sports|Technology|World

Nike's World Cup play: take on Adidas and revitalize the brand

As the World Cup kicks off, Nike and Adidas are competing on and off the field. Nike needs a win.

Nike's World Cup play: take on Adidas and revitalize the brand
Economy|Environment|Political|World

Israel sends West Bank settlement funding plan to security cabinet

Israel's cabinet on Thursday referred a plan to allocate 1 billion shekels ($339.7 million) for the establishment of new settlements in the occupied West Bank to the

Israel sends West Bank settlement funding plan to security cabinet
Business|Economy|Finance|Stock Markets|Technology

Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook

Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.

Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook
Business|Economy|Technology

Embraer hails growing jet backlog, sees main E2 engine issues solved

Brazilian planemaker Embraer said on Thursday its commercial aviation unit has a backlog of more than $15 billion and that the main

Embraer hails growing jet backlog, sees main E2 engine issues solved
Business|Economy|Finance|Stock Markets|World

Four developed market central banks are now hiking rates

The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia,

Four developed market central banks are now hiking rates
Economy|MidEast|Political|World

Taking Kharg Island would pose risks for US troops

President Donald Trump said on Thursday he wants to take over Kharg Island, Iran's oil infrastructure hub.

Taking Kharg Island would pose risks for US troops
Business|Economy|Europe|Finance|World

ECB governors eye July pause after first hike, sources says

European Central Bank policymakers see keeping interest rates on hold at their next meeting in July as the more likely scenario, if energy prices stayed near their

ECB governors eye July pause after first hike, sources says
Business|Economy|Political|World

Canada says bilateral deals with US will accompany USMCA review

The Canadian minister responsible for Canada-United States trade Dominic LeBlanc said on Thursday that there will be bilateral deals with the U.S. along with the review of

Canada says bilateral deals with US will accompany USMCA review
Business|Economy|Finance|Stock Markets|Technology

Elon Musk's SpaceX is about to make its debut on Wall Street

Elon Musk’s rocket company SpaceX is set to make its debut on Wall Street Friday

Elon Musk's SpaceX is about to make its debut on Wall Street
Business|Economy|Sports|Travel|World

Here’s everything you can expect from World Cup kickoff day

Here’s everything you can expect from World Cup kickoff day

Here’s everything you can expect from World Cup kickoff day
Business|Economy|Finance|Political|Stock Markets|US|World

Trump again has a key Iranian oil hub in his sights. Here’s what we know about Kharg Island

Trump again has a key Iranian oil hub in his sights. Here’s what we know about Kharg Island

Trump again has a key Iranian oil hub in his sights. Here’s what we know about Kharg Island
Economy|Finance

Inflation is the worst in three years. Kevin Warsh says that’s not the full story

Inflation is the worst in three years. Kevin Warsh says that’s not the full story

Inflation is the worst in three years. Kevin Warsh says that’s not the full story
Business|Economy|Political|World

Trump says US will hit Iran 'very hard,' take control of energy infrastructure

The United States will hit Iran "very hard tonight" and will soon take control of the Middle Eastern country's oil and gas infrastructure and markets, U.S.

Trump says US will hit Iran 'very hard,' take control of energy infrastructure
Asia|Business|Economy|Europe|Finance|MidEast|Stock Markets|World

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday

Citing fallout from Iran war, World Bank cuts forecast for global economic growth
Business|Economy|Science|Technology|World

On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds

Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era

On brink of IPO, Musk's SpaceX already a household name, Reuters/Ipsos poll finds
Business|Economy|Finance|Science|Technology

KKR launches $10 billion AI infrastructure company with Nvidia, Vistra

A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance the build-out of AI infrastructure, the latest effort by an

KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
Economy|Environment|Health|Science|Technology

US screwworm cases test months of federal preparation

The U.S. government is fast-tracking drugs and accelerating grant funding in its multi-agency strategy to beat back the New World screwworm, a parasite

US screwworm cases test months of federal preparation
Business|Economy|Europe|Finance|Stock Markets|World

Instant View: ECB raises interest rates, as widely expected

The European Central Bank raised interest rates on Thursday, in a aimed at curbing mounting inflationary pressures before a surge in energy costs triggered by the Iran war

Instant View: ECB raises interest rates, as widely expected
Business|Economy|Environment|Technology

EU curbs on Chinese inverters risk slowing solar rollout over security fears

The European Union's ban on public funding for Chinese-made solar inverters could affect more than a fifth of new

EU curbs on Chinese inverters risk slowing solar rollout over security fears
Business|Economy|World

Pakistan budget, hit by Iran war and IMF, to squeeze middle class

Pakistan's government will propose a budget on Friday that hits the middle class and registered businesses as it seeks to raise revenue and cut spending

Pakistan budget, hit by Iran war and IMF, to squeeze middle class
Business|Economy|Environment|Europe|World

Volkswagen to reduce workforce by 19,000 by end of year, CEO says

Volkswagen is pressing ahead with sweeping job cuts and cost reductions in Germany as planned, shrinking its workforce by 19,000 by the end of the year, CEO Oliver Blume is

Volkswagen to reduce workforce by 19,000 by end of year, CEO says
Business|Economy|Finance|World

US weekly jobless claims increase marginally amid labor market resilience

The number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in early June.

US weekly jobless claims increase marginally amid labor market resilience
Business|Economy|Finance|World

High US mortgage rates to keep housing market subdued: Reuters poll

High mortgage rates will keep turnover in U.S. residential housing subdued this year and next with very modest price rises, according to property

High US mortgage rates to keep housing market subdued: Reuters poll
Asia|Economy|Political|World

China sanctions Philippine defence chief over 'erroneous remarks'

China's foreign ministry announced sanctions on Thursday against Philippine Defence Secretary ⁠Gilberto Teodoro and his close relatives, saying he had "repeatedly made

China sanctions Philippine defence chief over 'erroneous remarks'
Business|Economy|Europe|Finance|Stock Markets|World

ECB raises interest rates in long-telegraphed move

The European Central Bank raised interest rates as expected on Thursday, hoping to prevent an Iran war-induced surge in energy prices from broadening out into higher

ECB raises interest rates in long-telegraphed move
Business|Economy|Finance|World

Developing world's 'complex' debt could raise costs, stall restructurings, Lazard says

Increasingly complex debt in the world's emerging markets could raise borrowing costs and delay debt restructurings, advisory firm Lazard said on

Developing world's 'complex' debt could raise costs, stall restructurings, Lazard says
Economy|Europe|World

Fuel stations in Crimea run dry after fresh night of Ukrainian drone strikes

Fuel stations on the Russian-held Crimean peninsula were out of petrol on Thursday, Reuters witnesses said, as a Ukrainian campaign against supply

Fuel stations in Crimea run dry after fresh night of Ukrainian drone strikes
Economy|Sports|Travel|World

Pricey World Cup keeps fans away, hits US hotels, airlines

Hours before the World Cup kickoff, the boost to travel and tourism expected from this year’s biggest sporting event has yet to

Pricey World Cup keeps fans away, hits US hotels, airlines
Business|Economy|Europe|Political|World

China urges economic cooperation on Macron-led video call ahead of G7 summit

China's vice premier urged economic cooperation and inclusive growth during a video call hosted by French President Emmanuel Macron on

China urges economic cooperation on Macron-led video call ahead of G7 summit
Business|Economy|Europe|Finance|Stock Markets|World

ECB raises rates to nip war-driven inflation in the bud

The European Central Bank raised interest rates for the first time in nearly three years on Thursday in the hope of curbing

ECB raises rates to nip war-driven inflation in the bud
Business|Economy|Environment|Finance|World

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets

The World Bank on Thursday cut its global growth forecast for 2026 to 2.5% due to the war in the Middle East, and said growth could slow to just 1.3%

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets
Business|Economy|Europe|MidEast|Stock Markets

European shares snap four-day losing streak as investors weigh ECB rate hike

European shares closed higher on Thursday, snapping a four-day losing streak, as investors looked past escalating rhetoric from U.S.

European shares snap four-day losing streak as investors weigh ECB rate hike
Business|Economy|Europe|Political|World

France floats revamp of EU diplomacy with 'reinforced' role for Kallas, paper shows

French officials have suggested an overhaul of the EU's diplomatic service that could include boosting the role for foreign policy

France floats revamp of EU diplomacy with 'reinforced' role for Kallas, paper shows
Business|Economy|Science|Technology

Google in talks with Samsung to make part of next-gen chip, The Information reports

Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation artificial intelligence processor, The Information reported on Thursday, citing

Google in talks with Samsung to make part of next-gen chip, The Information reports
Business|Economy|Science|Technology

Anthropic v. OpenAI: Behind the bitter battle for the future of AI

If not for the intense rivalry between Anthropic and OpenAI, the generative AI boom might not have arrived so quickly.

Anthropic v. OpenAI: Behind the bitter battle for the future of AI
Business|Economy|Finance|Technology|World

Wall St opens higher on tech rebound, Middle East in focus

U.S. stocks opened higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around the Middle East conflict.

Wall St opens higher on tech rebound, Middle East in focus
Business|Economy|Finance|Stock Markets|US|World

US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs

US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs

US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs
Business|Economy|Environment|Science|Technology

Drone use poised to soar as FAA homes in on rule change allowing pilots to fly them out of sight

Allowing people to fly drones beyond their line of sight could greatly expand commercial applications.

Drone use poised to soar as FAA homes in on rule change allowing pilots to fly them out of sight