Breaking News

Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says

The tariff hike on cars and trucks from the European Union announced by U.S. President Donald Trump could cost Germany nearly 15 billion euros ($17.58 billion) in output, an economic institute told Reuters on Saturday.The estimate from the Kiel Institute for the World Economy (IfW) highlights the exposure of the EU's largest economy to U.S. import tariffs, which have already cost the German automotive industry billions."The effects would be substantial," IfW President Moritz Schularick said, with output losses rising to around 30 billion euros over the longer term, according to the institute'

Mexican governor Ruben Rocha steps down, NYT reports

Reclusive Turkmenistan shows signs of cautiously opening up

Business|Economy|Environment|World

Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt the impact

Ukrainian drones are flying deep into Russia to strike oil facilities, sending up plumes of smoke that can be seen from space and bringing toxic rain to tourist destinations on the Black Sea. The attacks are aimed at slashing Moscow’s oil exports, a key source of funding for its grinding invasion of Ukraine. But the economic impact is so far unclear, as the rise in oil prices from the Iran war, and a related easing of U.S. sanctions, have helped replenish the Kremlin’s coffers. Still, the range of the attacks and their environmental impact is brin

US warns shipping firms they could face sanctions over paying Iranian tolls in the Strait of Hormuz

Iran standoff could leave Trump worse off than before he went to war

Fuel crisis uncertainty looms as Croatia gears up for the summer tourism season

Summer is still a few months away, but the streets of Croatia's old town of Dubrovnik are already teeming with tourists from all over the world. It's usually a sign of a strong season ahead, but this year uncertainty hangs in the air. Global instability triggered by the Iran war and surging fuel prices have brought unpredictability to the tourism industry, including in Dubrovnik, Croatia's top Adriatic Sea destination that draws millions of visitors annually. The stakes for Croatia’s economy are high: The tourism sector is one of the country’s key sources of i

Building trades unions emerge as a key ally of tech giants in push for AI data centers

Spirit Airlines says it’s going out of business after 34 years and is ending operations immediately

US News

See all »

Spirit to halt all flights as of early Saturday

Spirit Airlines is set to announce in the coming hours that that it will halt flying as of 3 am ET Saturday, according to two sources familiar with its plans, making it the first significant US airline to halt operations in nearly 25 years.The shutdown comes as soaring jet fuel prices derailed its plans to emerge from its second bankruptcy. Efforts to reach a deal with the Trump administration on an 11th hour rescue package that was also acceptable to a key group of creditors proved unsuccessful Friday.The decision will leave millions of passengers holding Spirit tickets in coming months scram

Crime|Economy|Political|US|World

Trump rallies seniors in Florida as Republicans face tough elections

In his first event outside the White House since an apparent assassination attempt, U.S. President Donald Trump defended the Iran war, assailed Democrats and deflected criticism of his economic record in a speech aimed at boosting struggling Republicans' election chances.Speaking to a crowd of seniors in the sprawling and deeply conservative retirement community, The Villages, Trump credited a signature tax and immigration law passed last year with lowering levies on Social Security benefits. He also touted his administration's plan to make GLP-1 weight-loss drugs available to Medicare patie

Trump says Iran war 'terminated,' as war powers deadline arrives

Former US congressman convicted of secretly lobbying for Venezuela

Political|US|World

Trump says deadline for Congress to approve Iran war doesn't apply: Hostilities have 'terminated'

The White House asserted to Congress in a letter Friday that hostilities with Iran have “terminated” despite the continued presence of U.S. armed forces in the region. The message from President Donald Trump effectively skirts a May 1 legal deadline to gain approval from members of Congress to continue the war with Iran. That deadline was already set to pass without action from Republican lawmakers who are deferring to the president. The letter brings into stark relief the bold but legally questionable assertion of presidential power at the heart of Trump’s

Crime|US|World

CNN video analysis: Gunman raised shotgun as he stormed security at press dinner

A federal judge privately admonished prosecutors for attempting to grandstand Thursday at a detention hearing for the White House Correspondents’ Dinner gunman, according to a transcript first obtained by CNN.“I don’t know what’s going on here. I know that you want to present your case, I guess, to some audience other than the Court,” Magistrate Judge Moxila Upadhyaya told three prosecutors in the courtroom on Thursday out of earshot of the public and press. “I don’t want this to turn into a circus.”Upadhyaya’s comments highlight a dynamic that has arisen in the six days sinc

Spirit Airlines shuts down, industry's first Iran war casualty

Remains recovered near Tampa Bay area bridge identified as second missing USF student, officials say

World News

See all »

Europe|MidEast|Political|World

US withdrawing 5,000 troops from Germany after chancellor criticized war with Iran

The Pentagon said on Friday the US will be withdrawing roughly 5,000 troops from Germany over the next year.The move, which comes after President Donald Trump lashed out the German chancellor over his criticism of the US war with Iran, would still leave more than 30,000 US troops in the country.“The Secretary of War has ordered the withdrawal of approximately 5,000 troops from Germany,” chief Pentagon spokesman Sean Parnell said in a statement. “This decision follows a thorough review of the Department’s force posture in Europe and is in recognition of theater requirements and conditio

Health|Political|World

Appeals court blocks FDA rule that allows women to obtain abortion drugs by mail

A federal appeals court temporarily reinstated a nationwide requirement that abortion pills be obtained in person, undermining access to the method of abortion that has only grown more widespread since the US Supreme Court overturned Roe v. Wade.Friday’s ruling from the 5th US Circuit Court of Appeals is a major victory in the anti-abortion movement’s war against medication abortion, which now accounts for roughly two-thirds of all abortions in the United States.The ruling stems from a lawsuit filed by Louisiana last year against the US Food and Drug Administration, after President Donald

The Fed subtly signaled that only rate cuts are on the table. Some Fed officials are crying foul

US withdrawing 5,000 troops from Germany, US officials say

Business|Political|Science|Technology|World

Pentagon reaches agreements with top AI companies, but not Anthropic

The Pentagon said on Friday it had reached agreements with seven AI companies to deploy their advanced capabilities on the Defense Department's classified networks as it seeks to broaden the range of AI providers working across the military.The statement excludes Anthropic, which has been in dispute with the Pentagon over guardrails on the military's use of its artificial intelligence tools.The Pentagon labeled the AI startup, which is widely used across the Defense Department, a supply-chain risk earlier this year, barring its use by the Pentagon and its ⁠contractors. SpaceX, OpenA

Economy|Political|World

Trump says he's 'not satisfied' with Iran's proposal to end the war

U.S. President Donald Trump rejected Iran’s latest proposal to end the war between the countries, saying Friday he still was not satisfied while blaming Iran’s “fractured” leadership. Trump turned back the latest proposal almost as soon as it was delivered. Iran’s state-run IRNA news agency reported that Iran handed over its plan to mediators in Pakistan on Thursday night. “They want to make a deal, I’m not satisfied with it, so we’ll see what happens,” Trump told reporters Friday at the White House, without elaborating on what he saw as its shor