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

Economy

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
Business|Economy|Education|Science|Technology

Anthropic announces 'Claude Corps' to teach nonprofits to use AI more effectively

Anthropic will donate $150 million to launch a fellowship program called Claude Corps that plans to help nonprofits effectively use artificial intelligence by embedding 1,000 trained fellows in various organizations for a year

Anthropic announces 'Claude Corps' to teach nonprofits to use AI more effectively
Business|Economy|Environment|Science|World

El Nino is here and scientists fear it'll be big, bad and costly with heat, floods, droughts, fires

U.S. meteorologists say an El Nino has formed

El Nino is here and scientists fear it'll be big, bad and costly with heat, floods, droughts, fires
Business|Economy|Education|Lifestyle|Science|Technology

The skills people still perform better than AI, according to workplace experts

Many workers fear machines will supplant them as adoption of artificial intelligence accelerates

The skills people still perform better than AI, according to workplace experts
Business|Economy|World

US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds

U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran

US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
Economy|Education|Environment|Science|Technology

How the development of solar and wind farms on the Tibetan Plateau is affecting local communities

China’s national government policies on energy and economic development are changing pastoral life on the Tibetan Plateau.

How the development of solar and wind farms on the Tibetan Plateau is affecting local communities
Economy|Education|Environment|Science|Technology

How Pennsylvania towns are protecting themselves from the noise, heat and utility costs of massive data centers

Communities across the state are demanding to know how proposed data centers would affect their electric and water bills, landscapes and quality of life.

How Pennsylvania towns are protecting themselves from the noise, heat and utility costs of massive data centers
Business|Economy|Education

340 school-based job cuts "off the table" as Philadelphia Mayor Cherelle Parker seeks long-term funding

340 school-based job cuts "off the table" as Philadelphia Mayor Cherelle Parker seeks long-term funding

340 school-based job cuts "off the table" as Philadelphia Mayor Cherelle Parker seeks long-term funding
Business|Economy|Finance|Political|Sports|Stock Markets|US

Trump administration proposes new rules on prediction markets that would still allow most sports activity

Trump administration proposes new rules on prediction markets that would still allow most sports activity

Trump administration proposes new rules on prediction markets that would still allow most sports activity
Business|Economy|Europe|Finance|MidEast|US|World

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
Business|Economy|Education|Finance|Health|US|World

Too sick to work, but can they prove it? New Medicaid rule worries patients

Blood cancer survivor DeAnna Brandon worries about new Medicaid work requirements affecting her health coverage

Too sick to work, but can they prove it? New Medicaid rule worries patients
Economy|Environment|Political|Science|Technology

Americans wary of AI-driven data center boom, Reuters/Ipsos poll shows

Just one-in-three Americans approve of the fast pace of data-center construction that supports artificial intelligence and most

Americans wary of AI-driven data center boom, Reuters/Ipsos poll shows
Business|Economy|Finance|World

Pakistan economic survey projects real GDP growth at 3.7% in FY26

Pakistan's annual economic survey projected real GDP growth at 3.7% for the fiscal year ending June 2026, according to the report released on Thursday.

Pakistan economic survey projects real GDP growth at 3.7% in FY26
Business|Economy|Europe|Finance|Political|World

Kremlin shrugs off planned new EU sanctions on Russian banks

The Kremlin on Thursday shrugged off the prospect of new European Union sanctions against its banks, saying they had already been operating under sanctions for a long time

Kremlin shrugs off planned new EU sanctions on Russian banks
Business|Economy|Finance|Stock Markets|World

Learning to love the inflation

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Markets are getting hit on several fronts: war, inflation, interest

Learning to love the inflation
Business|Economy|Health

Some US employers to drop coverage of GLP-1 obesity drugs in 2027 as use increases

Some employers are planning to drop coverage of GLP-1 drugs for weight loss next year as more people take the medications, counteracting some savings from

Some US employers to drop coverage of GLP-1 obesity drugs in 2027 as use increases
Business|Economy|Technology|World

Wall St set to gain on tech rebound, Middle East in focus

U.S. stocks were set to open higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on

Wall St set to gain on tech rebound, Middle East in focus
Business|Economy|Finance|World

India demands end to US attacks on ships after three sailors killed

India urged the United States to halt strikes on shipping on Thursday after three U.S. attacks on Indian-crewed

India demands end to US attacks on ships after three sailors killed
Business|Economy|World

China cancels high-level meetings with EU, FT reports

China cancelled at short notice two diplomatic meetings planned with the European Union in Beijing this month, the Financial Times reported on Thursday, citing people familiar with

China cancels high-level meetings with EU, FT reports
Business|Economy|Europe|Travel|World

Ryanair, Europe’s biggest airline, investigated for charging parents to sit with their children

Ryanair, Europe’s biggest airline, investigated for charging parents to sit with their children

Ryanair, Europe’s biggest airline, investigated for charging parents to sit with their children
Business|Economy|Finance|Stock Markets|Technology

SpaceX wants regular investors to help its stock launch. Here's what to know before clicking 'buy'

When SpaceX makes its debut on the U.S. stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever

SpaceX wants regular investors to help its stock launch. Here's what to know before clicking 'buy'
Business|Economy|Finance|Stock Markets|Technology

Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride

As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders

Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride
Economy|Europe|Political|World

Ousted Turkish opposition leader's team resigns to trigger chairman vote

The team of the ousted leader of Turkey's main opposition, Ozgur Ozel, has resigned from the party's assembly, his office said on Thursday, adding that the move should

Ousted Turkish opposition leader's team resigns to trigger chairman vote
Australia|Business|Economy|Environment|World

BHP workers vote for strike action at Australian iron ore export hub

BHP workers at Port Hedland in Western Australia voted in favour of strike action, two unions said on Thursday, risking disruptions to iron ore shipments

BHP workers vote for strike action at Australian iron ore export hub
Economy|Political|World

US, Iran haggle over frozen funds as they inch toward interim deal, sources say

Efforts to reach an interim deal to end hostilities between Iran and the United States have intensified, Iranian and western sources told

US, Iran haggle over frozen funds as they inch toward interim deal, sources say
Africa|Business|Economy|Finance|World

Kenya sees risks to fiscal consolidation, oil output to power Uganda's growth

Finance ministers across East Africa presented their 2026/27 budgets on Thursday as investors focused

Kenya sees risks to fiscal consolidation, oil output to power Uganda's growth
Business|Economy|Environment|Science|World

India monsoon slows; below-average rain seen over next two weeks

India is expected to receive below-average rainfall over the next two weeks, especially in central and northern regions, as "western disturbances" have

India monsoon slows; below-average rain seen over next two weeks
Business|Economy|Environment|Europe|Political|Travel|World

What to know about the growing opposition to Trump family-linked resort in Albania

A massive coastal development project linked to Jared Kushner is facing resistance in Albania

What to know about the growing opposition to Trump family-linked resort in Albania
Business|Economy|Europe|Fashion and Beauty|Finance|Stock Markets

Hugo Boss shares jump above offer price after Frasers' bid

Shares in Hugo Boss rose more than 11% on Thursday after its largest shareholder, Frasers Group, launched a $2.3 billion takeover bid for the

Hugo Boss shares jump above offer price after Frasers' bid
Business|Economy|Environment|Health|Technology|US

Ford to recall more than 548,000 US vehicles over defective center console

Ford is recalling 548,463 vehicles in the United States over an issue with the center console, the U.S. National Highway Traffic Safety Administration said on Thursday.

Ford to recall more than 548,000 US vehicles over defective center console
Business|Economy|Finance|World

BOJ's pivotal moment muddied by Ueda's absence

Heading into a defining week, Bank of Japan Governor Kazuo Ueda's absence leaves the central bank with a jarring optics problem just as it seeks to cement

BOJ's pivotal moment muddied by Ueda's absence
Business|Economy|Environment|Finance|Health|Stock Markets|Technology|US

Honda recalls over 1 million US vehicles due to defective tyre kit, NHTSA says

Honda Motor America is recalling 1,049,883 vehicles in the United States due to a defect in the tyre repair kit, the National Highway Traffic Safety Administration (NHTSA) said on

Honda recalls over 1 million US vehicles due to defective tyre kit, NHTSA says
Business|Economy|Environment|Europe|Finance|World

Kiel Institute cuts 2027 German growth forecast as energy shock weighs

Germany's economy is expected to recover more slowly than expected as higher energy prices linked to the Iran war weigh on households, companies and

Kiel Institute cuts 2027 German growth forecast as energy shock weighs
Business|Economy|Health|Science|World

Project Nashville: GSK boosts oncology rebuild with $11 billion Nuvalent deal

GSK's record $10.6 billion deal for U.S. company Nuvalent will accelerate the British drugmaker's rebuild of its cancer drug business as

Project Nashville: GSK boosts oncology rebuild with $11 billion Nuvalent deal
Asia|Business|Economy|World

Beijing's investment clampdown clouds outlook for Hong Kong banks, insurers

China's crackdown on cross-border investments is set to weigh on the lucrative businesses of banks, insurers and wealth managers in Hong Kong that tap into the riches of mainland

Beijing's investment clampdown clouds outlook for Hong Kong banks, insurers
Business|Economy|Travel|World

AirAsia X postpones Bahrain flight route due to regional conflict

Malaysian low-cost airline AirAsia X said on Thursday it has postponed the launch of its planned service via Bahrain until at least August due to the conflict in the

AirAsia X postpones Bahrain flight route due to regional conflict
Americas|Asia|Economy|Europe|MidEast|Political|World

Iran and Ukraine loom over G7 as France accommodates Trump

Wars in the Middle East and Ukraine are set to dominate next week’s Group of Seven summit, as host France crafts an agenda aimed

Iran and Ukraine loom over G7 as France accommodates Trump
Asia|Business|Economy|Finance|Stock Markets|World

World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise

The World Bank said on Thursday that Indonesia's economic growth was expected to slow to 5% in 2026 as it comes under increasing fiscal strain from an ambitious spending

World Bank says Indonesia's GDP to slow to 5% in 2026 as fiscal pressures rise
Business|Economy|Europe|Finance|World

German construction sector says downturn not over, urges faster action

Germany's construction sector has not yet emerged from its downturn, with a tentative recovery being hit by a new geopolitical price shock, the head of its main industry

German construction sector says downturn not over, urges faster action
Arts|Economy|Entertainment|Environment|Political|Sports|Travel|World

Mexico City installed a chandelier in its metro for the World Cup. Then came the crush of memes

Chandelier and lamps reminiscent of “Harry Potter” or “Titanic” have been installed in Mexico City's busy Hidalgo metro station

Mexico City installed a chandelier in its metro for the World Cup. Then came the crush of memes
Asia|Economy|Political|World

Taiwan says it won't tolerate Chinese patrols, vows expulsions

Taiwan will not tolerate Chinese efforts to create a false impression of having jurisdiction over its waters, the island's coast guard said, vowing to "

Taiwan says it won't tolerate Chinese patrols, vows expulsions
Business|Economy|Environment|Europe|Political|Travel|World

G7 summit at Swiss-French border brings tight security in case violent protests occur

French and Swiss authorities are imposing pandemic-like border restrictions as the G7 summit begins

G7 summit at Swiss-French border brings tight security in case violent protests occur
Business|Economy|Technology|World

China's Changchun unveils auto revamp plan, seeks BYD and Xiaomi to boost EV push

China's northeastern city of Changchun, home to the country's oldest automaker FAW Group, has released a draft plan through 2030 to revamp its decades-old auto sector,

China's Changchun unveils auto revamp plan, seeks BYD and Xiaomi to boost EV push
Business|Economy|Environment|Sports|World

Vietnam's Vingroup forges ahead with 'world's largest stadium' despite demand doubts

Vietnam's Vingroup is accelerating construction in Hanoi of what it says will be the world's largest stadium, betting that future demand will emerge

Vietnam's Vingroup forges ahead with 'world's largest stadium' despite demand doubts
Business|Economy|Finance|Political|Stock Markets|World

Tech and war jitters sap confidence

A look at the day ahead in European and global markets from Gregor Stuart Hunter Oil is back on the boil and equity markets are struggling to find a floor after this week's selloff triggered by fresh

Tech and war jitters sap confidence
Arts|Business|Economy|Entertainment|Political|Sports|Travel|World

The World Cup is in desperate need of a vibe shift. The matches have arrived just in time

The World Cup is in desperate need of a vibe shift. The matches have arrived just in time

The World Cup is in desperate need of a vibe shift. The matches have arrived just in time
Business|Crime|Economy|World

US Department of Justice formally moves to drop Halkbank case

The U.S.

US Department of Justice formally moves to drop Halkbank case
Economy|Education|Environment|World

UNHCR says fewer people displaced worldwide in 2025 but long-term refugee crisis persists

The number of people displaced worldwide by conflict and persecution fell in 2025 for the first time in a decade, but levels of refugees facing long-

UNHCR says fewer people displaced worldwide in 2025 but long-term refugee crisis persists
Business|Economy|Election|US|World

Trump lauds Armenia PM's 'decisive' election win in face of Russian pressure

U.S. President Donald Trump congratulated Armenian Prime Minister Nikol Pashinyan on Wednesday for his Civil Contract party's 'decisive victory' in weekend elections.

Trump lauds Armenia PM's 'decisive' election win in face of Russian pressure
Business|Economy|Finance|Stock Markets|US

Target investors reject proposal for independent board chair, sources say

(Corrects last paragraph to note that Target's $2 billion investment was additional to a previous $4 billion investment) By Nicholas P.

Target investors reject proposal for independent board chair, sources say
Business|Economy|Environment|World

UAW reaches deal with Dauch Corp after 10-day strike

The United Auto Workers has reached a deal with axle supplier Dauch Corp after a 10-day strike against the company at its Three Rivers, Michigan, plant,

UAW reaches deal with Dauch Corp after 10-day strike
Business|Economy|Science|Technology|World

China's control over indium phosphide exports threatens AI data centre rollout

Barely a week after Nvidia-backed chipmaker Coherent warned of a shortage of indium phosphide in an earnings call in early May, its CEO Jim

China's control over indium phosphide exports threatens AI data centre rollout
Asia|Business|Economy|World

Japan business mood sours in April-June as Middle East war hits

Japanese business sentiment soured in April-June for the first time in four quarters, a government survey showed on Thursday, a sign of growing economic pain from the Middle

Japan business mood sours in April-June as Middle East war hits
Business|Crime|Economy|Europe|Political|World

Russian-held Sevastopol suspends fuel distribution as Zelenskiy praises attacks on energy assets

The governor of Sevastopol in Russian-held Crimea said on Wednesday that plans for distributing rationed petrol had been delayed because

Russian-held Sevastopol suspends fuel distribution as Zelenskiy praises attacks on energy assets
Business|Economy|Technology

OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports

OpenAI is considering drastically reducing the prices it charges users as it seeks to win customers from its competitor Anthropic, the Wall Street Journal reported on Wednesday,

OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports
Economy|Environment|Science|Technology

Reactor reboot at world's largest nuclear plant highlights flaws in Japan's radioactive waste plans

A reactor at the world’s largest nuclear power plant in Japan has resumed operations

Reactor reboot at world's largest nuclear plant highlights flaws in Japan's radioactive waste plans
Arts|Business|Economy|Environment|Finance|Political|Sports|Travel|World

Carney says opening of Canada-US bridge may take 'a little longer'

Canada's Prime Minister Mark Carney says a new bridge across the Detroit River that U.S. President Donald Trump threatened to block may take longer to open than anticipated

Carney says opening of Canada-US bridge may take 'a little longer'
Economy|Education|Health|Technology|World

Canada seeks to ban social media accounts for children under 16, joining growing global effort

Canada has introduced legislation that could bar children younger than 16 from possessing social media accounts, joining a growing global effort to tighten safety protections

Canada seeks to ban social media accounts for children under 16, joining growing global effort
Business|Crime|Economy|Environment|World

Prosecutor casts Palisades arson suspect as dejected loner, angry at society

A federal prosecutor told jurors on Wednesday that 30-year-old Jonathan Rinderknecht - feeling lonely and dejected over a breakup, and angry at society

Prosecutor casts Palisades arson suspect as dejected loner, angry at society
Economy|Finance|Political|US|World

US judge denies request to temporarily halt Trump's abandoned 'weaponization' fund

A U.S. judge on Wednesday blocked a request to temporarily halt President Donald Trump's $1.8 billion "weaponization" fund, citing Justice

US judge denies request to temporarily halt Trump's abandoned 'weaponization' fund
Business|Economy|Europe|World

UK property market remains fragile and landlords curb rentals

Britain's housing market remained in the doldrums last month despite a hint that buyers might be recovering a bit of interest, a survey showed on Thursday.

UK property market remains fragile and landlords curb rentals
Business|Economy|Finance|World

Thai farm debt crisis deepens in early test for Anutin's government

Ahead of Thailand's February general election, politicians often came to court voters like 69-year-old rice farmer Chaon

Thai farm debt crisis deepens in early test for Anutin's government
Economy|Political|World

White House defends Cuba sanctions as UN warns of harm

The Trump administration defended its sanctions on Cuba on Wednesday after the United Nations' human rights chief warned U.S. actions were causing "

White House defends Cuba sanctions as UN warns of harm
Business|Crime|Economy|Environment|World

Venezuela deploys troops against illegal miners in key gold belt

Venezuela has deployed troops to target illegal groups controlling key gold deposits, according to local residents and human rights activists, as the government seeks to attract

Venezuela deploys troops against illegal miners in key gold belt
Crime|Economy|Environment|MidEast|Political|US|World

US military says none of its warships struck in Strait of Hormuz

No U.S. warships have been struck in the Strait of Hormuz, the U.S. military said on Wednesday, after Iran's state media said initial reports indicated U.S. ships near the strait

US military says none of its warships struck in Strait of Hormuz
Business|Economy|Political|US|World

The Latest: US says it is striking targets in Iran again as tensions escalate

The U.S. has launched airstrikes against Iran, and President Donald Trump says more are coming, as Tehran fired back at countries in the region

The Latest: US says it is striking targets in Iran again as tensions escalate
Business|Crime|Economy|Sports|Travel

From cartels to street vendors: Here’s who stands to profit (or not) from World Cup tourism in Mexico

From cartels to street vendors: Here’s who stands to profit (or not) from World Cup tourism in Mexico

From cartels to street vendors: Here’s who stands to profit (or not) from World Cup tourism in Mexico
Business|Economy|Europe|Finance|Stock Markets|World

Frasers Group launches €2 billion takeover offer for struggling Hugo Boss

Frasers Group, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling

Frasers Group launches €2 billion takeover offer for struggling Hugo Boss
Business|Economy|Education|Political|World

States sue Trump administration over anti-DEI terms in federal contracts

Democratic state officials filed a lawsuit on Wednesday claiming federal agencies have flouted the law by hastily implementing President Donald Trump's executive

States sue Trump administration over anti-DEI terms in federal contracts
Americas|Crime|Economy|World

Nazi arsenal seized from Argentine vendor's home

Buenos Aires provincial police on Wednesday announced the seizure of Nazi uniforms, weapons, ammunition and accessories from the home

Nazi arsenal seized from Argentine vendor's home
Business|Economy|Finance|Technology|World

Trading Day: Sizzling AI now fizzling

Another heavy selloff in tech dragged U.S. and global stocks lower on Wednesday, and wider investor sentiment was rocked and oil prices rose

Trading Day: Sizzling AI now fizzling
Business|Economy|Political|Sports|World

Soccer-'Chill, Relax': Infantino defends FIFA over World Cup visa issues

"Chill, relax" was Gianni Infantino's message on Wednesday as the FIFA president sought to defuse concerns over visa issues

Soccer-'Chill, Relax': Infantino defends FIFA over World Cup visa issues
Business|Economy|Political|US|World

Trump says US might not renew North America trade deal

President Donald Trump said on Wednesday that the U.S. might not renew its free trade agreement with Canada and Mexico and criticized trade deficits

Trump says US might not renew North America trade deal
Business|Economy|Science|Technology

Short seller Jim Chanos doubts SpaceX valuation, says IPO fueled by 'hopes and dreams'

Prominent short seller Jim Chanos took aim at the highly anticipated IPO of SpaceX, warning the Elon Musk-led space company's offering is fueled by

Short seller Jim Chanos doubts SpaceX valuation, says IPO fueled by 'hopes and dreams'
Business|Economy|Entertainment|Technology

Microsoft's Xbox plans for major layoffs next month, Bloomberg News reports

Microsoft's Xbox division is planning major layoffs next month and significant cuts to marketing and other budgets, Bloomberg News reported on Wednesday.

Microsoft's Xbox plans for major layoffs next month, Bloomberg News reports
Asia|Business|Economy|Finance|Stock Markets|World

Equities drop, oil rallies with Iran-US tensions and high inflation in focus

MSCI's global equities index fell 1.5% on Wednesday after

Equities drop, oil rallies with Iran-US tensions and high inflation in focus
Business|Crime|Economy|Finance|Political|US

US lawmakers raise concern over Goldman's move to keep top lawyer as adviser despite Epstein ties

U.S.

US lawmakers raise concern over Goldman's move to keep top lawyer as adviser despite Epstein ties
Business|Economy|Finance|Technology

Oracle's AI spending blows past estimates, raising worries over growing debt

Oracle on Wednesday forecast capital spending plans for fiscal 2027 above Wall Street estimates, as the cloud computing company said it will also

Oracle's AI spending blows past estimates, raising worries over growing debt
Business|Economy|Technology|World

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centers

Chinese propagandists have been trying to use OpenAI's flagship chat to gin up opposition to Donald Trump's tariffs and intervene in American debates over data centers

OpenAI says Chinese propaganda is being deployed to foment dissent over tariffs, data centers
Business|Economy|Election|Finance|Political|Stock Markets|US

Trump has a new, surprising take on the higher cost of living: 'I love the inflation'

President Donald Trump has a surprising take on a new report that shows inflation spiking to its highest level in three years

Trump has a new, surprising take on the higher cost of living: 'I love the inflation'
Economy|Political|Sports|Travel|World

Celebrations clash with social tensions in Mexico on the eve of the World Cup

Mexico City welcomes the world with the opening ceremonies of the FIFA World Cup on Thursday, but social tensions are rising

Celebrations clash with social tensions in Mexico on the eve of the World Cup
Business|Economy|Political|World

Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties

Saudi Arabia has ended its five-year ban on Lebanese imports, a significant move to rebuild relations between Lebanon and Gulf countries

Saudi Arabia lifts 5-year ban on Lebanese imports, marking a thaw in Gulf-Lebanon ties
Business|Economy|Science|Technology

Anthropic pledges $200 million to research AI's economic impact as CEO suggests job loss solutions

Anthropic has joined calls for the AI industry to find ways to cushion people from AI's disruptions to the workforce

Anthropic pledges $200 million to research AI's economic impact as CEO suggests job loss solutions
Business|Economy|Environment|Science|Travel

South Florida beachgoers annoyed by smelly "tsunami" of seaweed. Cities try to rake it, but it keeps coming back

South Florida beachgoers annoyed by smelly "tsunami" of seaweed. Cities try to rake it, but it keeps coming back

South Florida beachgoers annoyed by smelly "tsunami" of seaweed. Cities try to rake it, but it keeps coming back
Business|Crime|Economy|Finance|Stock Markets|US

JPMorgan, Barclays, Fifth Third defeat lawsuit over missed 'red flags' at Tricolor

JPMorgan Chase, Barclays and Fifth Third won the dismissal of a lawsuit by investors who said the banks missed "giant red flags" at the now-bankrupt

JPMorgan, Barclays, Fifth Third defeat lawsuit over missed 'red flags' at Tricolor
Business|Economy|Political|World

White House to meet defense firms to talk about ramping up production, sources say

The Trump administration plans to meet executives from the biggest U.S. defense contractors at the White House as soon as next week to discuss

White House to meet defense firms to talk about ramping up production, sources say
Business|Economy|Political|US

Trump picks Capital One's Brian Johnson to head US consumer finance watchdog

President Donald Trump on Wednesday nominated former financial regulator Brian Johnson to lead the federal government's top watchdog for consumer financial protection,

Trump picks Capital One's Brian Johnson to head US consumer finance watchdog
Business|Economy|Science|Technology|World

Anthropic urges US not to block state AI laws without setting federal standards

Anthropic called on the U.S.

Anthropic urges US not to block state AI laws without setting federal standards
Business|Economy|Stock Markets|World

Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago

Another sell-off for artificial-intelligence stocks dragged the U.S. market sharply lower

Another sell-off for AI stocks knocks Wall Street back to where it was 5 weeks ago
Business|Economy|World

US Justice Department subpoenas major banks over alleged 'debanking,' source says

The U.S.

US Justice Department subpoenas major banks over alleged 'debanking,' source says
Business|Economy|Environment|Health|World

US announces additional $20 million for Ebola response

The U.S.

US announces additional $20 million for Ebola response
Business|Economy|Technology|World

Wall Street indexes fall more than 1%, hit by tech, Iran war worries

The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares extending recent declines and with renewed tensions

Wall Street indexes fall more than 1%, hit by tech, Iran war worries
Business|Economy|Political|World

US May budget deficit shrinks but customs collections turn negative due to tariff refunds

The U.S. budget deficit for May fell $23 billion or 7% to $293 billion due largely to prior-year calendar shifts in benefit payments as both outlays and

US May budget deficit shrinks but customs collections turn negative due to tariff refunds
Business|Crime|Economy|Technology|World

Shareholder challenge to Thomson Reuters over ICE contracts wins only slim support

A shareholder resolution calling on content and technology company Thomson Reuters to review the human rights implications of its work with U.S. immigration

Shareholder challenge to Thomson Reuters over ICE contracts wins only slim support
Business|Economy|World

Bank of Mexico says financial system remains solid, warns of geopolitical risk

Mexico's financial system remains solid and can handle adverse situations, the central bank said on Wednesday, while

Bank of Mexico says financial system remains solid, warns of geopolitical risk
Business|Economy|Finance|Technology|Travel

Navan lifts annual forecasts as corporate demand holds firm, shares rise

Navan raised its full-year forecasts for revenue and operating income on Wednesday, citing resilient business travel demand and growth in its enterprise customer base, sending

Navan lifts annual forecasts as corporate demand holds firm, shares rise
Business|Crime|Economy|Environment|Science|Technology|US

FBI seizing evidence at California plant where chemical tank overheated and forced evacuations

Federal authorities served a search warrant on Wednesday at a Southern California aerospace facility where a chemical tank overheated last month, forcing 50,000 residents to evacuate because authorities feared an explosion

FBI seizing evidence at California plant where chemical tank overheated and forced evacuations
Economy|Election|Political|US

Collins isn’t Trump’s ‘best friend’ but he’s on her side in Maine Senate matchup with Platner

Maine's Susan Collins often boosts her popularity by keeping her distance from President Donald Trump

Collins isn’t Trump’s ‘best friend’ but he’s on her side in Maine Senate matchup with Platner
Economy|Opinion|Sports|World

Seat the rich! World Cup ticket inflation reflects widening gap between haves and have-nots

The wild swings of dynamic pricing, ongoing accusations of FIFA corruption and questions of host-nation probity have created a huge backlash.

Seat the rich! World Cup ticket inflation reflects widening gap between haves and have-nots
Business|Economy|Europe|Technology

Taiwan-listed Ennoconn offers to buy Austria's Kontron in $1.7 billion deal

Taiwan-listed technology firm Ennoconn Corp said on Wednesday it has launched a takeover bid for Austria-based Kontron, offering 23.50 euros per share to all its shareholders.

Taiwan-listed Ennoconn offers to buy Austria's Kontron in $1.7 billion deal
Economy|Election|Finance|Political|Stock Markets|US|World

'I love the inflation,' Trump says as prices rise amid Iran war

President Donald Trump on Wednesday appeared to embrace data showing inflation has risen more than 4%, telling reporters that he "loved"

'I love the inflation,' Trump says as prices rise amid Iran war
Business|Economy|Science|Technology|World

AI boom sparks rally, frenzy and fear

An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech,

AI boom sparks rally, frenzy and fear
Business|Economy|Finance|Stock Markets|US

Insurers need private credit, regulation is welcome, Ares CEO says

Private credit helps insurance companies generate the money they need to make payments, and increased attention from regulators will ultimately help the

Insurers need private credit, regulation is welcome, Ares CEO says
Business|Economy|Finance|Stock Markets|US

Most withdrawals from Ares private credit fund came from outside US, CEO says

Most of the requests to withdraw money from a private credit fund for the wealthy run by alternative asset manager Ares came from outside the United States

Most withdrawals from Ares private credit fund came from outside US, CEO says
Business|Economy|Political|World

Trump says US will attack Iran 'very hard' and has taken oil through Hormuz

U.S.

Trump says US will attack Iran 'very hard' and has taken oil through Hormuz
Business|Economy|Environment|Technology

GM may ditch LFP batteries for future EVs

General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle

GM may ditch LFP batteries for future EVs
Business|Economy|Finance|Stock Markets|Technology

ERock valued at $5.5 billion as energy firm's shares fall in NYSE debut

Gas generator maker ERock's shares fell 6.5% in their New York Stock Exchange debut on Wednesday as investors remained selective toward new

ERock valued at $5.5 billion as energy firm's shares fall in NYSE debut
Business|Economy|Technology

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users

Visa is embedding its payment network into ChatGPT, allowing the chatbot to shop and complete transactions for users

Visa plugs its payment network into ChatGPT, letting AI agents shop and pay for users
Business|Economy|Technology

More than 200 Iowa state IT workers laid off as Reynolds administration outsources technology operations

More than 200 Iowa state IT workers laid off as Reynolds administration outsources technology operations

More than 200 Iowa state IT workers laid off as Reynolds administration outsources technology operations
Business|Economy|Health|Science

New World Screwworm raises concern for cattle industry, consumer prices in New Mexico

New World Screwworm raises concern for cattle industry, consumer prices in New Mexico

New World Screwworm raises concern for cattle industry, consumer prices in New Mexico
Business|Economy|Environment|Political|Technology

Nashville residents rally against data centers while Metro Council weighs a moratorium

Nashville residents rally against data centers while Metro Council weighs a moratorium

Nashville residents rally against data centers while Metro Council weighs a moratorium
Economy|Education|Environment|Science|World

Climate change makes once-rare coastal floods more likely, study says

New research shows that extreme floods in coastal areas are becoming more common as climate change causes sea levels to rise

Climate change makes once-rare coastal floods more likely, study says
Asia|Crime|Economy|World

Six men found dead after abduction in India's Manipur, police says

Six men from the Naga community in India's northeastern Manipur state have died after they were believed to have been taken hostage by an armed group nearly a

Six men found dead after abduction in India's Manipur, police says
Americas|Business|Economy|Election|Finance|Political|Stock Markets|World

Count slows in Peru as presidency likely hinges on contested votes

The count to determine Peru's next president slowed and narrowed again as it entered its fourth day on Wednesday with the race still up

Count slows in Peru as presidency likely hinges on contested votes
Business|Economy|Finance|Political|Stock Markets|US|World

Oil prices jump after Trump threatens to hit Iran 'very hard'

Oil prices rose nearly $3 a barrel on Wednesday after President Donald Trump said the U.S. is going to attack Iran "very hard" if no peace deal is

Oil prices jump after Trump threatens to hit Iran 'very hard'
Business|Economy|Finance|Stock Markets|US

US households, businesses stung by higher energy prices that have pushed inflation above 4%

Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near

US households, businesses stung by higher energy prices that have pushed inflation above 4%
Business|Economy|Finance|Political|Stock Markets|World

Wall Street indexes fall more than 1%, hit by tech, Iran war worries

The major U.S. stock indexes ended more than 1% lower on Wednesday, with chipmaker shares extending recent declines and with renewed tensions

Wall Street indexes fall more than 1%, hit by tech, Iran war worries
Business|Economy|Technology

Trump says he thinks AI companies will agree to 'giving back' to the public

U.S.

Trump says he thinks AI companies will agree to 'giving back' to the public
Economy|Science|Technology|World

US shortens cyber fix window to three days as AI threats rise

The U.S. cyber defense agency said on Wednesday that government officials now have three days to deal with the most serious categories of digital

US shortens cyber fix window to three days as AI threats rise
Business|Economy|Education|Election|Environment|Political|World

Colombia leftist Cepeda will accept election result, does not rule out protests

Colombian leftist presidential hopeful Ivan Cepeda told Reuters he will recognize the results of a runoff vote this month even if

Colombia leftist Cepeda will accept election result, does not rule out protests
Business|Economy|Technology|World

EU and South Korea deepen ties with digital pact to bolster trade

The European Union and South Korea signed a digital trade agreement on Wednesday designed to make digital transactions easier and further cement

EU and South Korea deepen ties with digital pact to bolster trade
Business|Economy|Finance|Political|Sports|Stock Markets|US|World

US derivatives regulator maps out rules for soaring prediction market industry

The top U.S. derivatives regulator on Wednesday released new draft regulations governing the burgeoning prediction markets industry, seeking to cement federal

US derivatives regulator maps out rules for soaring prediction market industry
Business|Economy|Finance|Political|World

Russian government wins right to change debt, spending plans with no public hearings

MOSCOW, June 10 - Russia's parliament on Wednesday voted in favour of a law that enables the government to increase spending and debt without the lengthy process of amending the budget law, which in

Russian government wins right to change debt, spending plans with no public hearings
Business|Economy|Environment|Technology

Qcells starts cell production at Georgia factory in milestone for US solar

Qcells, the U.S. solar arm of Korea's Hanwha, has started making solar cells at its Cartersville, Georgia factory, the company said on Tuesday, a milestone for the United States'

Qcells starts cell production at Georgia factory in milestone for US solar
Business|Economy|Election|Finance|Political|Stock Markets|US|World

Senate Democrats say they have been snubbed on election security briefings

Democrats in the U.S.

Senate Democrats say they have been snubbed on election security briefings
Business|Economy|Europe|Health|World

Italy fines Philip Morris €7 million over 'smoke-free' marketing claims

Italy's competition authority on Wednesday slapped a €7 million ($8.1 million) fine on Philip Morris' Italian unit over allegedly misleading marketing for non-combustion

Italy fines Philip Morris €7 million over 'smoke-free' marketing claims
Business|Economy|Finance|Stock Markets|Technology

OpenAI expects to go public 'within the next year,' the Information reports

OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public "within the next year," The Information reported on Wednesday.

OpenAI expects to go public 'within the next year,' the Information reports
Business|Economy|Political|US|World

With surveillance program at risk, Trump tries to end standoff over spy chief

U.S.

With surveillance program at risk, Trump tries to end standoff over spy chief
Business|Economy|Europe|Finance|Political|World

Putin signals key rate cuts as his central banker is on sick leave

Russian President Vladimir Putin told top officials on Wednesday that there are grounds to expect a cut in the central bank's key interest rate when it meets next week, and

Putin signals key rate cuts as his central banker is on sick leave
Business|Economy|Europe|Technology

BYD looking to take over existing factory for second European EV plant, executive says

Chinese electric vehicle maker BYD is looking to take over an existing factory in southern Europe for its second assembly plant on the continent, with

BYD looking to take over existing factory for second European EV plant, executive says
Business|Economy|Europe|Finance|Political|Stock Markets|World

European shares steady as investors weigh US-Iran flare-up

Europe's STOXX 600 ended a choppy session little changed on Wednesday, as investors weighed a renewed flare-up in tensions

European shares steady as investors weigh US-Iran flare-up
Business|Economy|Science|Technology

ASML to cut fewer jobs after talks with Dutch unions

Chip-equipment maker ASML will cut fewer jobs than initially planned, Dutch unions said in a statement after talks with ASML.

ASML to cut fewer jobs after talks with Dutch unions
Business|Economy|Finance|Political|Stock Markets|US|World

US consumer inflation vaults above 4% as Iran war boosts energy prices

U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East

US consumer inflation vaults above 4% as Iran war boosts energy prices
Business|Economy|Environment|Science|Technology

Musk's xAI accused of illegally firing engineer who raised safety concerns

A former engineer at Elon Musk's xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising

Musk's xAI accused of illegally firing engineer who raised safety concerns
Business|Economy|Political|World

US hits China- and Hong Kong-based entities with sanctions over Iran weapons

The U.S. government on Wednesday said it was imposing sanctions against 11 people and entities, including several based in China and Hong Kong, for supporting weapons

US hits China- and Hong Kong-based entities with sanctions over Iran weapons
Economy|Political|US|World

Trump signs bill giving nearly $70B to his immigration enforcement agenda through end of his term

President Donald Trump's immigration and deportation agenda is getting a nearly $70 billion boost through the end of his term

Trump signs bill giving nearly $70B to his immigration enforcement agenda through end of his term
Business|Economy|Finance|Stock Markets|US

Cracker Barrel rallies on upbeat forecast as logo uproar subsides

Cracker Barrel Old Country Store shares rose nearly 30% on Wednesday after it reported a second straight quarter of surprise profit and lifted its annual targets, signaling that

Cracker Barrel rallies on upbeat forecast as logo uproar subsides
Business|Economy|US|World

Trump nominee to head Bureau of Labor Statistics does not believe data were faked

Brett Matsumoto, President Donald Trump's nominee to head the U.S.

Trump nominee to head Bureau of Labor Statistics does not believe data were faked
Business|Economy|Education|Entertainment|Environment|Finance|Health|Lifestyle|Technology|US

Honda America recalls more than 880,000 vehicles over rear suspension components failure

Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles, the National Highway Traffic Safety

Honda America recalls more than 880,000 vehicles over rear suspension components failure
Business|Economy|Europe|Technology|World

German air show opens under shadow of Iran war, fighter project collapse

Germany's ILA air show, among Europe's premier aerospace showcases, opened on Wednesday under the twin shadows of the Iran war and

German air show opens under shadow of Iran war, fighter project collapse
Americas|Economy|Political|World

Pentagon’s Hegseth warns Cuba that arms procurement could invite confrontation

U.S.

Pentagon’s Hegseth warns Cuba that arms procurement could invite confrontation
Business|Economy|Finance|Stock Markets|World

Bank of Canada holds rates, sees few signs energy prices broadly fueling inflation

The Bank of Canada on Wednesday left its key interest rate unchanged as expected and said it was seeing limited evidence that higher energy prices were

Bank of Canada holds rates, sees few signs energy prices broadly fueling inflation
Business|Economy|Finance|Stock Markets|Technology|World

World markets walk a tightrope between AI stocks and oil shocks

Tumult on world markets in the past week shows the economic outlook is now on a knife edge, investors said, with equal odds of an AI boom lifting growth or

World markets walk a tightrope between AI stocks and oil shocks
Business|Economy|Stock Markets|World

Wall St opens lower on tech losses, Middle East tensions

Wall Street's main indexes opened lower on Wednesday, as a selloff in technology stocks continued and renewed tensions between the U.S. and Iran overshadowed a tame May inflation

Wall St opens lower on tech losses, Middle East tensions
Business|Economy|Technology

Amazon secures $17.5 billion loan facility amid AI-driven capex ramp

Amazon.com has secured a $17.5 billion loan from lenders including Citibank, the tech giant said, as it ramps up spending on AI infrastructure.

Amazon secures $17.5 billion loan facility amid AI-driven capex ramp
Business|Economy|Environment|Technology|World

Novelis restarts production at New York plant key to Ford trucks

Novelis said on Wednesday it had restarted production at its Oswego, New York facility, a plant key to Ford's F-150 pickup truck line, months after two fires halted operations.

Novelis restarts production at New York plant key to Ford trucks
Business|Economy|Science|Technology

Why the blockbuster SpaceX IPO may spell more bad news for crypto

SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors

Why the blockbuster SpaceX IPO may spell more bad news for crypto
Americas|Asia|Business|Economy|Finance|World

Stocks weigh as foreign investors pull $27 billion out of emerging market portfolios in May

Foreign investors pulled nearly $27 billion net from emerging market portfolios in May, partially reversing a rebound in April as equity selling in Asia

Stocks weigh as foreign investors pull $27 billion out of emerging market portfolios in May
Business|Economy|Environment|World

OPEC oil output lowest since at least 2000 as US blockade squeezes Iran, Reuters survey shows

OPEC oil output in May hit its lowest in more than two decades, a Reuters survey found, as a U.S. naval blockade cut Iran's exports and Iran's effective

OPEC oil output lowest since at least 2000 as US blockade squeezes Iran, Reuters survey shows
Business|Economy|World

US business group says some critical minerals are 'nearly unobtainable' from China

U.S. access to critical minerals from China remains difficult due to export controls and licensing delays, a U.S. business lobby said on Wednesday,

US business group says some critical minerals are 'nearly unobtainable' from China
Business|Economy|Political|World

Brazil Senate committee backs central bank autonomy despite Lula resistance

A Brazilian Senate committee on Wednesday advanced a bill to grant the central bank financial autonomy, boosting its independence in a move opposed by

Brazil Senate committee backs central bank autonomy despite Lula resistance
Business|Economy|Finance|Stock Markets

Instant View: CPI rises at fastest rate in three years but meets market expectations

U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving

Instant View: CPI rises at fastest rate in three years but meets market expectations
Business|Economy|Finance|Stock Markets|US|World

Dollar slips as US inflation data keeps rate hike at bay

The dollar slipped on Wednesday after data showed U.S. consumer inflation rose to its highest level in three years in May, though the reading was in

Dollar slips as US inflation data keeps rate hike at bay
Business|Economy|Finance|Stock Markets|Technology

Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC

Fund manager Franklin Resources, better known as Franklin Templeton, will participate in rocket maker SpaceX's blockbuster initial public offering this week, CEO Jenny Johnson told

Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
Business|Economy|Finance|World

US inflation tops 4% for first time in three years as oil prices jump

US inflation tops 4% for first time in three years as oil prices jump

US inflation tops 4% for first time in three years as oil prices jump
Economy|Education|Environment|Political

California spends less than 0.5% of its state-controlled funds on homelessness

California’s leaders have repeatedly promised to tackle homelessness. But they don’t consistently make it a high priority for using state funds, researchers found.

California spends less than 0.5% of its state-controlled funds on homelessness
Business|Economy|Finance

As renovation costs rise, are fixer-upper homes still worth it? Tell us what you think

As renovation costs rise, are fixer-upper homes still worth it? Tell us what you think

As renovation costs rise, are fixer-upper homes still worth it? Tell us what you think
Business|Economy|Europe|World

EU assembly will back US deal, but US commitment uncertain, says EU lawmaker

The European Union is set to fulfil its side of the EU-U.S. trade deal through a vote in parliament next week, a senior lawmaker said on Wednesday, while expressing

EU assembly will back US deal, but US commitment uncertain, says EU lawmaker
Business|Economy|Environment|Science|Technology

Life on the edge of Musk's Starbase brings fortunes and fractures

By David Jeans STARBASE, Texas, June 10 - The last time SpaceX launched a rocket in South Texas, charter boat captain Eddie Reyes was bobbing in a pontoon boat less than 2 miles from the pad with a

Life on the edge of Musk's Starbase brings fortunes and fractures
Business|Economy|Education|Science|Technology

Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds

Half of Americans fear that the rise of AI could put them or someone in their household out of work, according to a new Reuters/Ipsos

Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds
Business|Economy|Entertainment|Europe

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14

Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny,

Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
Business|Economy|Europe|Technology

Bosch on track to meet 2026 targets but wary of Middle East risks, CEO says

The world's top automotive supplier, Robert Bosch GmbH, is on track to meet its financial targets this year despite new challenges emerging, including possible supply chain

Bosch on track to meet 2026 targets but wary of Middle East risks, CEO says
Business|Economy|Environment|World

Ukraine will face summer power shortages after Russian attacks, think tank says

Ukraine, whose energy system has been under constant Russian attack, will face power shortages and consumer outages in the summer months despite imports and strong output

Ukraine will face summer power shortages after Russian attacks, think tank says
Business|Economy|Finance|Stock Markets|US

Wall St futures pare declines after May inflation data

U.S. stock index futures trimmed losses on Wednesday after May inflation data tempered some bets of further Federal Reserve's policy tightening.

Wall St futures pare declines after May inflation data
Business|Economy|Finance|Stock Markets|US|World

Traders keep bets on Fed rate hike by October

Traders of short-term U.S. interest rates edged away from bets that the Federal Reserve rate will deliver a rate hike as soon as September, but continued to show strong conviction

Traders keep bets on Fed rate hike by October
Arts|Business|Economy|Entertainment|Environment|Finance|Political|Science|Technology|World

Trump Media and TAE Technologies will not spin off Truth Social

Trump Media and Technology and TAE Technologies said on Wednesday that they had decided against spinning off Truth Social and certain other TMTG media assets into a new publicly

Trump Media and TAE Technologies will not spin off Truth Social
Business|Economy|Education|Environment|Health|Science

How cuts to CDC are dismantling its capacity to protect Americans’ health

In a survey of more than 600 CDC workers, 99% said the Trump administration’s cuts to the agency have made it less able to protect the public’s health.

How cuts to CDC are dismantling its capacity to protect Americans’ health
Economy|Sports|Travel|World

Haiti at the World Cup is more than an underdog tale – it is the story of global migration

For the first time since 1974, the Haitian men’s team has qualified for the World Cup. This is their story.

Haiti at the World Cup is more than an underdog tale – it is the story of global migration
Business|Economy|Finance|World

Visa, Mastercard $38 billion swipe fee settlement wins US judge's approval

A U.S. judge granted preliminary approval to Visa's and Mastercard's revised $38 billion settlement with merchants who accused the card networks of

Visa, Mastercard $38 billion swipe fee settlement wins US judge's approval
Business|Economy|Finance|Science|Stock Markets|Technology

Global watchdog calls for tighter controls on agentic AI in finance

Global regulators said increasingly autonomous forms of AI could amplify risks for the financial system and called for new controls as adoption accelerates. 

Global watchdog calls for tighter controls on agentic AI in finance
Business|Economy|Europe|World

Ukraine strikes key logistics in Russian-occupied south

Ukrainian forces struck the Russian-occupied port of Mariupol, Kyiv said on Wednesday, the latest in a series of drone attacks on logistics across a critical

Ukraine strikes key logistics in Russian-occupied south
Asia|Economy|Political|World

North Korea, China claim wins from Xi visit, but limits remain

North Korea and China both walked away claiming major wins from Chinese President Xi Jinping's visit this week to the isolated state, which

North Korea, China claim wins from Xi visit, but limits remain
Business|Economy|Finance|Stock Markets|World

The chips are blue

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The unnerving thing about Tuesday's relapse in U.S. tech stocks is

The chips are blue
Economy|Political|World

Russia praises Modi for lifting millions out of poverty during record rule

The Kremlin on Wednesday praised Narendra Modi for becoming India's longest-serving elected prime minister, saying that 250 million people had been pulled out of poverty

Russia praises Modi for lifting millions out of poverty during record rule
Business|Economy|Health|Science|Technology

Lilly stays ahead of the pack as rivals jump on obesity drug bandwagon

Eli Lilly has solidified its leading position in the booming market for obesity drugs ahead of a wave of possible new entrants to

Lilly stays ahead of the pack as rivals jump on obesity drug bandwagon
Business|Economy|Election|Finance|Political|World

Brazil's Lula widens lead over Flavio Bolsonaro ahead of presidential vote, poll shows

Brazilian President Luiz Inacio Lula da Silva has widened his lead over opposition Senator Flavio Bolsonaro in the run-up to this year’s presidential race, recovering

Brazil's Lula widens lead over Flavio Bolsonaro ahead of presidential vote, poll shows
Business|Economy|Finance|Stock Markets|World

Ares Management raises $8.5 billion for new fund, FT reports

Alternative asset manager Ares Management has raised $8.5 billion from institutional investors for its latest specialty credit fund, the Financial Times reported on Wednesday.

Ares Management raises $8.5 billion for new fund, FT reports
Business|Economy|Finance|Technology

LinkedIn launches new effort in push to capture business advertisers

LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts that it expects to generate an

LinkedIn launches new effort in push to capture business advertisers
Economy|Europe|Political|World

Only 11% of Europeans view US as ally, survey shows

Only 11% of Europeans across 15 countries view the United States as an ally, a historic low and down from 16% half a year ago and 22% in November 2024, according to a survey

Only 11% of Europeans view US as ally, survey shows
Business|Economy|Health|World

Bank of Japan governor Ueda hospitalised, will miss June meeting

Bank of Japan Governor Kazuo Ueda has been hospitalised for medical treatment and will miss the June 15 to 16 policy meeting, the central

Bank of Japan governor Ueda hospitalised, will miss June meeting
Economy|Environment|Health|World

Iran war ripple effects are increasing risks of acute hunger for millions, World Food Programme chief says

Iran war ripple effects are increasing risks of acute hunger for millions, World Food Programme chief says

Iran war ripple effects are increasing risks of acute hunger for millions, World Food Programme chief says
Economy|Europe|Political|Technology|World

Ukraine launches long-range strikes on military and energy sites in Russia

A series of long-range Ukrainian attacks hit targets deep inside Russia, part of Kyiv’s efforts to raise the costs of the war for the Kremlin by striking energy facilities and military industries

Ukraine launches long-range strikes on military and energy sites in Russia
Business|Economy|Europe|Finance|MidEast|Stock Markets|World

UK's FTSE 100 rises as energy and consumer staples gain

UK's FTSE 100 closed higher on Wednesday with energy and consumer staples stocks providing a lift, though the index remained stuck near three-week lows as investors monitored a

UK's FTSE 100 rises as energy and consumer staples gain
Economy|Finance|Stock Markets|World

Indonesia swallows 'bitter pill' to stem market rout as policy tide turns

Indonesian policy changes in the last 24 hours show authorities are finally making some tough decisions to try to halt a

Indonesia swallows 'bitter pill' to stem market rout as policy tide turns
Business|Economy|Finance|Stock Markets|Technology

Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says

Morgan Stanley forecasts AI-related global debt issuance to more than double to nearly $570 billion in 2026, pointing to rising bond supply and credit market activity as

Global AI debt issuance to top $500 billion in 2026, Morgan Stanley says
Business|Economy|Europe|Finance|Stock Markets|World

Germany risks recession as Iran energy shock hits growth, DIW economists say

Germany's economy is likely to slip into a technical recession this year as an energy price shock triggered by the war in Iran derails a fragile recovery, the DIW economic

Germany risks recession as Iran energy shock hits growth, DIW economists say
Business|Economy|Europe|World

Italy PM Meloni hails industrial output rise, analysts remain cautious

Italian industrial output unexpectedly rose in April from the previous month, data showed on Wednesday, posting a 0.5% increase that marked the third

Italy PM Meloni hails industrial output rise, analysts remain cautious
Business|Economy|Stock Markets|Technology

Gas generator maker ERock raises $600 million in US IPO

ERock raised $600 million in its U.S. initial public offering, the natural gas generator maker said late on Tuesday, becoming the latest company to debut amid a busy market for new

Gas generator maker ERock raises $600 million in US IPO
Asia|Business|Economy|Finance|Stock Markets|World

Foreign outflows from Asian equities surge on Middle East risks, tech rout

Asian equities are witnessing a surge in foreign outflows in June as escalating Middle East hostilities and a pullback in AI-linked technology stocks following underwhelming

Foreign outflows from Asian equities surge on Middle East risks, tech rout
Business|Crime|Economy|Education|Environment|Finance|Political|Stock Markets|World

Israel is tightening its grip on east Jerusalem with evictions and demolitions

For decades, Israel has worked to expand the Jewish presence in annexed east Jerusalem

Israel is tightening its grip on east Jerusalem with evictions and demolitions
Business|Economy|Environment|Europe|Travel|World

Fear of Ukrainian drones empties the guesthouses in Latvia's Land of Blue Lakes

At Birdwhistles Guesthouse, in a rustic two-storey wooden barn in the Latvian forest 50 km from the Russian border, all eight

Fear of Ukrainian drones empties the guesthouses in Latvia's Land of Blue Lakes