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Today: May 06, 2026
Today: May 06, 2026

Economy

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Tesla to recall nearly 219,000 US vehicles on rearview image issue

Tesla is recalling 218,868 vehicles in the U.S. due to delayed rearview camera images that could increase the risk of a crash, the National Highway Traffic Safety Administration (

Tesla to recall nearly 219,000 US vehicles on rearview image issue
Business|Economy|Europe|World

Spain services contract for first time in nearly 3 years, PMI shows

Spain's services sector contracted in April for the first time since August 2023 as uncertainty linked to the U.S.-Israeli war with Iran hampered demand and confidence, a

Spain services contract for first time in nearly 3 years, PMI shows
Business|Economy|Finance|Stock Markets|World

European shares soar to two-week high on Mideast deal optimism; earnings in focus

European shares advanced to a two-week high on Wednesday, with oil prices dropping and investor optimism rising after U.S.

European shares soar to two-week high on Mideast deal optimism; earnings in focus
Economy|Finance|Stock Markets|World

Oil prices slump after US reported to be close to framework deal to end Iran war

Oil prices extended declines on Wednesday, slumping to two-week lows after Axios reported that Washington believed it was close to a one-page framework

Oil prices slump after US reported to be close to framework deal to end Iran war
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Pandora CEO says US consumer divide is growing even as sales beat expectations

Jewellery brand Pandora said an unwillingness to spend by mid- to lower-income shoppers pushed down comparable sales by 2% in North America, as new CEO Berta de

Pandora CEO says US consumer divide is growing even as sales beat expectations
Business|Economy|Environment|Political|World

US media report points to memorandum to end war after Trump pauses mission to open strait

A U.S. media outlet reported on Wednesday that the White House believed it was closing in on a one-page memorandum to end the war with Iran, after U.S.

US media report points to memorandum to end war after Trump pauses mission to open strait
Business|Economy|Finance|Stock Markets|US|World

Diageo's US problems temper sales boost from Guinness, World Cup

Diageo beat third-quarter sales forecasts on Wednesday, despite further weakness in North America that new CEO Dave Lewis said would be his

Diageo's US problems temper sales boost from Guinness, World Cup
Business|Economy|Political

Germany ponders last-ditch plan to thwart Italian bid for Commerzbank

As UniCredit prepares to take over Commerzbank, some members of Germany's government are examining a drastic step to fend off the unwanted

Germany ponders last-ditch plan to thwart Italian bid for Commerzbank
Business|Economy|Europe|Health

Novo Nordisk's weight-loss pill exceeds forecasts, closing gap with Lilly

Novo Nordisk beat first-quarter profit forecasts and nudged up its full-year outlook on Wednesday, helped by stronger-than-

Novo Nordisk's weight-loss pill exceeds forecasts, closing gap with Lilly
Business|Economy|Europe|MidEast|World

Italy services costs rise at fastest pace in over three years, PMI shows

Cost pressures in Italy's service sector hit their highest level in more than three years in April, driven by the conflict in the Middle East, a survey showed on Wednesday.

Italy services costs rise at fastest pace in over three years, PMI shows
Business|Crime|Economy|Technology|World

Vietnam launches fresh crackdown on online piracy under threat of US tariffs

Vietnam is set to launch from Thursday a new crackdown on online piracy and counterfeit goods, aiming to boost detections by a fifth, the government

Vietnam launches fresh crackdown on online piracy under threat of US tariffs
Business|Economy|World

Daimler Truck hit by US tariffs and weak North American demand

Daimler Truck's first-quarter operating profit more than halved, hit by historically weak demand and import tariffs in its North American market, the German company

Daimler Truck hit by US tariffs and weak North American demand
Business|Economy|Finance|Stock Markets|World

Dollar tumbles against yen as intervention chatter swirls, optimism grows for US-Iran deal

The dollar fell against most major currencies on Wednesday after the U.S. signalled it may be nearing a deal with Iran, while the Japanese yen suddenly

Dollar tumbles against yen as intervention chatter swirls, optimism grows for US-Iran deal
Business|Economy|Finance|Stock Markets|World

BMW holds 2026 outlook despite Q1 profit slump, shares jump on margin beat

BMW maintained its 2026 financial guidance on Wednesday and signalled it could weather U.S. tariffs and Chinese competition, sending shares up nearly 5%

BMW holds 2026 outlook despite Q1 profit slump, shares jump on margin beat
Business|Economy|Finance|World

Russian services confidence drops to 40-month low, PMI shows

Russia's services sector contracted for a second straight month in April as weak client demand led to declines in output and new sales, while business confidence plumbed a 40

Russian services confidence drops to 40-month low, PMI shows
Business|Economy|Environment|Science|Technology|World

BHP CFO says new investors buying in on copper exposure, AI demand

BHP's Chief Financial Officer Vandita Pant said on Wednesday that a new and broader set of investors were buying into the company as AI

BHP CFO says new investors buying in on copper exposure, AI demand
Business|Economy|Science|Technology

Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO, FT reports

Jeff Bezos’s space venture, Blue Origin, has outlined a new stock plan for employees in an attempt to put an end to staff unrest and make the incentives more competitive with rival

Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO, FT reports
Business|Economy|Finance|Stock Markets|World

Stocks surge in Seoul as Samsung surpasses Berkshire

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global stocks were at record highs on Wednesday as some of Asia's biggest markets returned from a holiday in euphoric

Stocks surge in Seoul as Samsung surpasses Berkshire
Business|Economy|Environment|Science|Technology|World

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

New government regulations in the U.S. and Europe are helping to push customers to buy rare earth

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths
Business|Economy|Election|Finance|Political|Sports|US

Democrat Chedrick Greene’s win in Michigan state Senate election gives the party another over-performance

Democrat Chedrick Greene’s win in Michigan state Senate election gives the party another over-performance

Democrat Chedrick Greene’s win in Michigan state Senate election gives the party another over-performance
Economy|Health|Political

Key moments from CNN’s California governor primary debate

Key moments from CNN’s California governor primary debate

Key moments from CNN’s California governor primary debate
Business|Economy|Education|Environment|Technology

Rivian developing variants of its more affordable R2 EVs

Rivian is working on undisclosed variants of its R2 electric vehicles, the company's CEO said, days after starting volume production of the smaller and

Rivian developing variants of its more affordable R2 EVs
Business|Economy|World

China services activity grows at faster rate in April, private PMI shows

China's services activity expanded at a faster pace in April, helped by stronger growth in new business, although overseas demand continued to

China services activity grows at faster rate in April, private PMI shows
Business|Economy|MidEast|Political|World

Trump advisers step up their calls on China to help open Strait of Hormuz ahead of Beijing summit

White House officials are renewing calls on China to use its influence with Iran to open the Strait of Hormuz

Trump advisers step up their calls on China to help open Strait of Hormuz ahead of Beijing summit
Business|Economy|Environment|Finance|Political|US|World

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

President Donald Trump says he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait
Business|Crime|Economy|US

2 killed and 3 injured in back-to-back shootings north of Dallas, police say

Texas police say a man shot five people, killing two, in back-to-back shootings Tuesday near Dallas because he was angry over business dealings with the victims

2 killed and 3 injured in back-to-back shootings north of Dallas, police say
Business|Economy|Europe|World

Ireland services sector contracts for first time in five years, PMI shows

Ireland's services sector contracted for the first time in over five years in April as inflationary pressure caused by the Middle East conflict intensified and new business

Ireland services sector contracts for first time in five years, PMI shows
Business|Economy|World

South Korea inflation near two-year high, raising likelihood of rate hikes

South Korea's consumer prices rose in April at the steepest pace in nearly two years on a surge in oil prices triggered by the Middle East conflict, raising the

South Korea inflation near two-year high, raising likelihood of rate hikes
Business|Economy|Political|World

Fitch upgrades Argentina to 'B-' on Milei's economic reforms

Global ratings agency Fitch on Tuesday upgraded Argentina's long-term foreign currency and local currency issuer default rating to "B-" from "CCC+", with a stable outlook.

Fitch upgrades Argentina to 'B-' on Milei's economic reforms
Business|Economy|Technology|World

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge

The market capitalisation of Samsung Electronics' common stock surpassed $1 trillion on Wednesday, making it the second Asian company after TSMC to reach the milestone.

Samsung Electronics' market cap surpasses $1 trln after US AI chip stocks surge
Business|Crime|Economy|Finance|US

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme

U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme
Business|Crime|Economy|World

Eight dead in fire at shopping centre west of Tehran, Iranian media say

At least eight people died and 36 were hurt after a fire broke out in a shopping centre west of Tehran on Tuesday, Iranian state broadcaster IRIB reported.

Eight dead in fire at shopping centre west of Tehran, Iranian media say
Business|Economy|Environment|Political|World

US gasoline prices top $4.50 a gallon as summer driving season nears

The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S

US gasoline prices top $4.50 a gallon as summer driving season nears
Business|Economy|Environment|Finance|Stock Markets|US|World

Gasoline costs 50% more in the US than it did before the Iran war

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA

Gasoline costs 50% more in the US than it did before the Iran war
Business|Economy|Finance|Stock Markets|World

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack

New Zealand's jobless rate fell to 5.3% in the first quarter, but data released on Wednesday indicated plenty of spare capacity in the market and subdued

New Zealand jobless rate falls to 5.3% in Q1, labour market remains slack
Economy|Election|Finance|Political|US

Vice President Vance woos Iowa Republican voters ahead of 2028

Vice President JD Vance has visited Iowa to promote the administration's tax and tariff policies while campaigning on behalf of Iowa Rep. Zach Nunn

Vice President Vance woos Iowa Republican voters ahead of 2028
Business|Economy|Political|World

Trump will host Brazilian president for talks on economy and security, a White House official says

President Donald Trump will host Brazilian President Luiz Inácio Lula da Silva on Thursday for talks about shared economic and security issues

Trump will host Brazilian president for talks on economy and security, a White House official says
Economy|Environment|MidEast|Political|US|World

The Latest: Trump says he has paused effort to guide vessels from the Strait of Hormuz

President Donald Trump says he has paused the U.S. effort to guide stranded commercial vessels from the Strait of Hormuz to finalize a deal with Iran to end the war

The Latest: Trump says he has paused effort to guide vessels from the Strait of Hormuz
Business|Economy|Science|Technology

Meta plans advanced 'agentic' AI assistant for users, FT reports

Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the

Meta plans advanced 'agentic' AI assistant for users, FT reports
Business|Economy|Finance|Stock Markets|Technology

Super Micro bets on AI server demand to provide upbeat forecast, shares soar

Super Micro Computer forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence

Super Micro bets on AI server demand to provide upbeat forecast, shares soar
Business|Economy|Finance|Stock Markets|Technology|US

EV maker Lucid suspends forecast, misses quarterly revenue estimates

Lucid Group suspended its full-year forecast and reported its biggest revenue miss in more than four years on Tuesday, as a supplier-related issue disrupted

EV maker Lucid suspends forecast, misses quarterly revenue estimates
Business|Economy|Political|US|World

Rubio says status quo in Cuba unacceptable and US will address it

U.S. Secretary of State Marco Rubio on Tuesday said that the status quo in Cuba was unacceptable, adding that the U.S. would address it, but not today.

Rubio says status quo in Cuba unacceptable and US will address it
Business|Economy|Science|Technology

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%   

By Zaheer Kachwala and Max A.

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%   
Business|Economy|Finance|Travel|World

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs

LATAM Airlines slashed its 2026 core earnings forecast on Tuesday, as higher jet fuel prices driven by the conflict in the Middle East significantly increased costs

LATAM Airlines cuts 2026 earnings forecast as jet fuel shock lifts costs
Business|Economy|Finance|Stock Markets|Technology

Trading Day: Rarified AIr

The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom.

Trading Day: Rarified AIr
Business|Economy|Technology|World

Saylor's Strategy posts wider quarterly loss on bitcoin slump

Michael Saylor's Strategy reported a wider first-quarter loss on Tuesday, hammered by a slump in bitcoin prices that weighed on the value of its sizeable crypto holdings amid

Saylor's Strategy posts wider quarterly loss on bitcoin slump
Business|Economy|Entertainment|Technology

Theater operator AMC beats revenue estimates on strong box office and premium format demand

AMC Entertainment beat quarterly revenue estimates on Tuesday, as a recovering box office and strong demand for its premium movie formats helped the cinema chain draw more moviegoers

Theater operator AMC beats revenue estimates on strong box office and premium format demand
Business|Economy|Technology

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports

Anthropic has committed to spend $200 billion with Google Cloud over five years as part of a recent agreement, The Information reported on Tuesday, citing a person with knowledge of

Anthropic commits to spending $200 billion on Google's cloud and chips, the Information reports
Business|Economy|World

CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz

The CS Anthem chemical tanker exited the Strait of Hormuz on Monday, its operator said on Tuesday, becoming the second commercial U.S.-

CS Anthem chemical tanker was second US-flagged vessel to exit Strait of Hormuz