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

Economy

Business|Economy|Europe|Political|World

EU urges US to restore trade deal tariffs as anniversary nears

The European Union's trade chief has urged the United States to swiftly restore the tariffs agreed in last year's EU-US trade deal, the European Commission said on Tuesday.

EU urges US to restore trade deal tariffs as anniversary nears
Business|Economy|Finance|Stock Markets|World

US SEC proposes allowing public companies to opt out of quarterly earnings reports

Wall Street's top regulator on Tuesday proposed allowing U.S.-traded companies to switch from quarterly to twice-annual earnings

US SEC proposes allowing public companies to opt out of quarterly earnings reports
Business|Economy|World

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse
Business|Economy|Finance|Technology|World

Revolut invests $64 million to boost Mexico growth after launch

The Mexican arm of digital bank Revolut, which launched in the country in late January, reported a capital injection of about $64 million last month, raising its total

Revolut invests $64 million to boost Mexico growth after launch
Business|Economy|Environment|World

G7 in talks to set up permanent unit to oversee critical minerals agenda

The Group of Seven countries are in talks to create a permanent secretariat to ensure initiatives to increase critical mineral

G7 in talks to set up permanent unit to oversee critical minerals agenda
Business|Economy|World

US industries, trade groups split over Trump's tariff probe on excess factory capacity

Domestic U.S. industries are urging the Trump administration this week to impose higher tariffs to curb the rising tide of exports from China and other

US industries, trade groups split over Trump's tariff probe on excess factory capacity
Business|Economy|Finance|Travel|US|World

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown

A lawyer for defunct Spirit Airlines said Tuesday that sharply higher jet fuel prices left "no remaining way out" of bankruptcy and forced the budget carrier's shutdown as it seeks

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown
Asia|Business|Economy|Environment|Finance|Technology|World

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say
Business|Economy|Europe|Political|World

Macron plans to tap ally Moulin to run French central bank

President Emmanuel Macron plans to nominate his former chief of staff, Emmanuel Moulin, as France's next central bank governor, the Elysee said on Tuesday,

Macron plans to tap ally Moulin to run French central bank
Business|Economy|Europe|Finance|World

Europe needs bigger banks to compete with US, China, Eurogroup chairman says

The European Union needs its banks to be bigger if they are to compete with their counterparts in the United States and China, the chairman of the euro zone's finance

Europe needs bigger banks to compete with US, China, Eurogroup chairman says
Business|Economy|Health

Pfizer pins post 2028 return to growth on new obesity and cancer drugs

Pfizer said on Tuesday that it expects to return to stronger growth after 2028, driven by obesity drugs in development, a patent extension for

Pfizer pins post 2028 return to growth on new obesity and cancer drugs
Economy|Education|Health|Political|Sports

Student earns highly exclusive scholarship

Student earns highly exclusive scholarship

Student earns highly exclusive scholarship
Business|Crime|Economy|Education|Lifestyle

Roofer fights back against scams targeting seniors

Roofer fights back against scams targeting seniors

Roofer fights back against scams targeting seniors
Economy|Europe|Political|World

Romania’s pro-European coalition collapses after prime minister fails a no-confidence vote

Romania’s pro-European coalition has collapsed after lawmakers voted in favor of a no-confidence motion against Prime Minister Ilie Bolojan

Romania’s pro-European coalition collapses after prime minister fails a no-confidence vote
Business|Economy|Entertainment|Lifestyle|Travel

'Loved our job': Spirit Airlines workers navigating unemployment filing process

'Loved our job': Spirit Airlines workers navigating unemployment filing process

'Loved our job': Spirit Airlines workers navigating unemployment filing process
Arts|Business|Crime|Economy|Finance|Lifestyle|Technology|US|World

5 charged after AT&T wire thefts caused widespread outages in North Carolina

5 charged after AT&T wire thefts caused widespread outages in North Carolina

5 charged after AT&T wire thefts caused widespread outages in North Carolina
Business|Economy|Finance|World

All eyes on job market as Fed's rate-cut window narrows

The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's

All eyes on job market as Fed's rate-cut window narrows
Business|Economy|Finance|Stock Markets|Technology

Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts

Alphabet closes in on Nvidia's spot as world's biggest company
Business|Economy|Science|Technology

OpenAI, Anthropic ventures in talks to buy AI services firms, sources say

The joint ventures OpenAI and Anthropic separately created with private equity firms are in talks to acquire services companies that help businesses deploy

OpenAI, Anthropic ventures in talks to buy AI services firms, sources say
Business|Economy|Finance|Stock Markets|Technology

Anthropic deepens finance push as CEO Amodei warns of software disruption

Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing tools on Tuesday that can speed up

Anthropic deepens finance push as CEO Amodei warns of software disruption
Business|Economy|Finance|Stock Markets|US|World

US new home sales increase in February and March; median price drops

Sales of new U.S. single-family homes increased in February and March as the drag from harsh weather faded, but higher mortgage rates because of the impact of the war

US new home sales increase in February and March; median price drops
Business|Economy|Environment|Europe|World

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say

Brazil's Suzano, the world's largest pulp maker, is set to win unconditional EU antitrust approval for its $3.4 billion joint venture with U.S. consumer

Brazil pulp giant Suzano set to win full EU nod for $3.4 billion Kimberly-Clark deal, sources say
Business|Economy|Finance|Stock Markets|US|World

US job openings drop in March; hires increase sharply

U.S. job openings slipped in March, but a surge in hiring suggested the labor market was regaining its footing after struggling last year.

US job openings drop in March; hires increase sharply
Business|Economy|Environment|Finance|Stock Markets|World

DuPont lifts forecast as price hikes offset Iran war-driven costs

Industrial materials maker DuPont raised its annual profit and sales forecasts on Tuesday after beating first-quarter estimates, as price increases helped offset

DuPont lifts forecast as price hikes offset Iran war-driven costs
Business|Economy|Environment|Finance|Science|Technology|World

France convenes G7 on critical minerals to curb China's grip

France has called an online meeting of G7 countries for Thursday to discuss how to break China's stranglehold on critical materials, Finance Minister Roland Lescure said,

France convenes G7 on critical minerals to curb China's grip
Business|Economy|Finance|Stock Markets|World

Frontier Airlines sees opportunity to absorb demand ceded by Spirit

Frontier Airlines said on Tuesday it expects to absorb significant demand from the shutdown of rival Spirit Airlines, a move it says will boost

Frontier Airlines sees opportunity to absorb demand ceded by Spirit
Business|Economy|Education|Finance|Health|Political|World

The Supreme Court may force Trump to take a position on mifepristone

The Supreme Court may force Trump to take a position on mifepristone

The Supreme Court may force Trump to take a position on mifepristone
Business|Economy|Finance|Stock Markets|World

Dollar softens as Middle East ceasefire holds

The U.S. dollar edged down on Tuesday as markets weighed developments in the Iran war, while the yen nudged lower in muted trade after a suspected

Dollar softens as Middle East ceasefire holds
Business|Economy|Finance|Stock Markets|US|World

US job openings, hires point to stable labor market

U.S. job openings slipped in March amid a decline in professional and business services, but a surge in hiring to a more than two-year high suggested

US job openings, hires point to stable labor market
Business|Economy|Technology|World

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring

Coinbase said on Tuesday it would cut about 700 jobs, or about 14% of its global workforce, as it trims costs amid crypto market volatility

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring
Business|Economy|Health|Science

FDA Commissioner Makary defends agency's decision on Replimune's drug, CNBC reports

U.S. Food and Drug Administration Commissioner Dr. Marty Makary on Tuesday defended the agency's decision to not approve Replimune's drug for advanced skin cancer.

FDA Commissioner Makary defends agency's decision on Replimune's drug, CNBC reports
Business|Economy|Environment|Finance|Political|Stock Markets|World

Wall Street regulator moves to scrap Biden-era climate rule

Wall Street's top regulator is crafting regulations to undo a dormant Biden-era

Wall Street regulator moves to scrap Biden-era climate rule
Business|Economy|Environment|Finance|Stock Markets|US

Grain trader ADM raises profit forecast on biofuel demand outlook

Archer-Daniels-Midland shares jumped on Tuesday after the grain trader increased its full-year profit forecast and beat quarterly earnings estimates,

Grain trader ADM raises profit forecast on biofuel demand outlook
Business|Economy|Health|World

Drug pricing deal to generate savings of $64.3 billion over 10 years, White House says

The Trump Administration said on Tuesday its "Most Favored Nation" (MFN) drug pricing deal was expected to generate $64.3 billion in federal and state savings in the next 10 years.

Drug pricing deal to generate savings of $64.3 billion over 10 years, White House says
Arts|Business|Economy|Entertainment|Sports

No. 1 Sabalenka calls for boycott if players don't get bigger cut of Grand Slam revenues

Top-ranked Aryna Sabalenka believes tennis players should organize a boycott if they don’t start receiving a bigger share of tournament revenues at the Grand Slams

No. 1 Sabalenka calls for boycott if players don't get bigger cut of Grand Slam revenues
Business|Crime|Economy|Finance|Political

Senate GOP eyes $1 billion for Trump ballroom security as part of ICE, border patrol package

Senate GOP eyes $1 billion for Trump ballroom security as part of ICE, border patrol package

Senate GOP eyes $1 billion for Trump ballroom security as part of ICE, border patrol package
Business|Economy|Finance|Stock Markets|US

U.S. job openings were unchanged at 6.9 million in March but hiring improved

U.S. job openings were essentially unchanged at 6.9 million in March, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy

U.S. job openings were unchanged at 6.9 million in March but hiring improved
Business|Economy|Europe|World

Ukraine Q1 GDP shrinks 0.5% year-on-year, statistics service says

Ukraine's economy shrank 0.5% year-on-year in real terms in the first quarter of 2026, the statistics service said on Tuesday.

Ukraine Q1 GDP shrinks 0.5% year-on-year, statistics service says
Business|Economy|Entertainment

Harley-Davidson bets on affordable models, dealer network in latest turnaround effort

Harley-Davidson outlined a new strategy on Tuesday focused on lower-priced motorcycles and its dealer network to help shore up volumes, the company's latest

Harley-Davidson bets on affordable models, dealer network in latest turnaround effort
Business|Economy|Technology

Cummins raises revenue outlook on robust power generation demand

May 5 - Cummins lifted its annual revenue growth forecast on Tuesday, supported by resilient demand for its power-generation equipment and expectations from improving North America on-highway vehicles

Cummins raises revenue outlook on robust power generation demand
Business|Economy|Finance|Stock Markets|World

Volatility clouds KKR's outlook after forecast-beating first quarter

KKR warned on Tuesday that market volatility had dimmed its growth outlook, even as it reported first-quarter earnings that beat Wall

Volatility clouds KKR's outlook after forecast-beating first quarter
Business|Economy|Health|World

UnitedHealthcare removes prior approval requirements for 30% of healthcare services

UnitedHealth will eliminate prior approval requirements for 30% of healthcare services, its insurance unit said on Tuesday, further reducing delays and paperwork for patients and

UnitedHealthcare removes prior approval requirements for 30% of healthcare services
Business|Economy|Finance|Stock Markets|World

Wall St opens higher as oil slips despite Middle East tensions

Wall Street's main indexes rose after market open on Tuesday as oil prices declined despite renewed Middle East tensions that threatened to upend a fragile truce after the U.S. and

Wall St opens higher as oil slips despite Middle East tensions
Business|Economy

Argentina's auto parts industry feels the pain from Milei's shock therapy

Inside a small, family-run auto parts plant on the outskirts of Buenos Aires, production lines sit quiet.

Argentina's auto parts industry feels the pain from Milei's shock therapy
Business|Economy|Technology|World

US and others propose e-commerce pact as WTO deadlock deepens

The U.S. and a group of countries are planning to press ahead with their own moratorium on e-commerce duties if Brazil and

US and others propose e-commerce pact as WTO deadlock deepens
Business|Economy|Europe|Technology|World

Meta seeks to fend off EU order to allow rival AI chatbots on WhatsApp at hearing

Meta Platforms on Tuesday sought to stave off an imminent EU order to allow rival AI chatbots free access to its social messaging site WhatsApp, as it

Meta seeks to fend off EU order to allow rival AI chatbots on WhatsApp at hearing
Business|Economy|Technology

Thomson Reuters reaffirms forecasts, highlights 'fiduciary-grade AI' demand

Thomson Reuters reported a double-digit first-quarter revenue rise on Tuesday, boosted by gains in its "Big 3" business segments of legal

Thomson Reuters reaffirms forecasts, highlights 'fiduciary-grade AI' demand
Business|Economy|Europe|Political|Science|Technology|World

Zelenskiy pitches drone deal during Bahrain visit

President Volodymyr Zelenskiy pitched a drone deal to Bahrain during a visit to the country on Tuesday, advertising Ukraine's battle-tested security expertise.

Zelenskiy pitches drone deal during Bahrain visit
Business|Economy|Finance|Stock Markets|World

Canada's services PMI hits six-month high but sector remains in contraction

The downturn in Canada's services economy eased in April as the level of new business increased despite concerns about tariffs and the war in the Middle East

Canada's services PMI hits six-month high but sector remains in contraction
Business|Economy|World

Brazil's central bank warns of emerging inflation risks as Iran war drags on

The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already

Brazil's central bank warns of emerging inflation risks as Iran war drags on
Business|Economy|Finance|Stock Markets|Technology|World

PayPal touts turnaround plan after results beat fails to impress

PayPal's new CEO Enrique Lores outlined a plan to streamline its organizational structure and reduce costs after the digital payments firm's first-quarter results

PayPal touts turnaround plan after results beat fails to impress
Business|Economy|Finance|Stock Markets|US|World

US service sector growth cools as order growth drops by most in 3 years

U.S. services sector expansion slowed for a second straight month in April as new order growth dropped by the most in three years and cost input pressures held at the highest since

US service sector growth cools as order growth drops by most in 3 years
Business|Economy|Finance|Stock Markets|Technology

GameStop's $56 billion pursuit of eBay stirs social media hype and doubts

GameStop's $56 billion bid for eBay ignited intense debate on social media, as retail investors greeted the potential deal with a mix of excitement, skepticism and meme-stock humor.

GameStop's $56 billion pursuit of eBay stirs social media hype and doubts
Business|Economy|Finance|World

Canada swings to trade surplus in March as crude prices, gold exports jump

Canada's merchandise trade balance swung to a surplus in March, globally and with the United States, as higher crude oil prices and strong demand for gold

Canada swings to trade surplus in March as crude prices, gold exports jump
Crime|Economy|Environment|Science|World

A gold-fueled mining rush scars Brazil’s Amazon, spiking deforestation and mercury risks

Gold prices have surged in recent years, sparking a mining rush in the Amazon that accelerates deforestation and mercury contamination

A gold-fueled mining rush scars Brazil’s Amazon, spiking deforestation and mercury risks
Business|Economy|Health|Political

Trump's drugmaker deals may save economy $529B over 10 years, White House says

President Donald Trump’s deals with drugmakers requiring many of their U.S. prescription prices to drop could save the economy $529 billion over the next decade

Trump's drugmaker deals may save economy $529B over 10 years, White House says
Business|Economy

As government privatization efforts grow, lawsuits against federal contractors get more difficult

The Supreme Court limited the ability of people to sue government contractors in state courts.

As government privatization efforts grow, lawsuits against federal contractors get more difficult
Economy|Education|Health

The lasting appeal of homeschooling: What motivated families to continue after schools reopened post-pandemic

Homeschooling trends are on the rise, bucking the narrative that most of its growth was caused by the pandemic.

The lasting appeal of homeschooling: What motivated families to continue after schools reopened post-pandemic
Business|Economy|Finance|Stock Markets|US|World

Gulf singe, AI binge

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Gulf tensions flared on Monday as U.S. attempts to shepherd ships

Gulf singe, AI binge
Economy|Political|US|World

Sherrod Brown's Ohio victory anchors Democrats' bid to reclaim US Senate

Former U.S.

Sherrod Brown's Ohio victory anchors Democrats' bid to reclaim US Senate
Business|Economy|Finance|Science|Stock Markets|Technology

GlobalFoundries forecasts upbeat second quarter on data center demand

Specialty chipmaker GlobalFoundries forecast second-quarter revenue above Wall Street expectations on Tuesday, driven by acceleration in data center deployments globally.

GlobalFoundries forecasts upbeat second quarter on data center demand
Business|Economy|Technology|World

Defense contractor Leidos raises 2026 forecast on strong demand

Defense contractor Leidos Holdings raised its profit and revenue forecast for 2026 on Tuesday, betting on strong demand for its IT and military intelligence services.

Defense contractor Leidos raises 2026 forecast on strong demand
Business|Economy|Finance|World

Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says

Brazil's finance minister Dario Durigan said the government's relaunched consumer debt relief program won't provide enough stimulus to derail the current monetary easing

Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says
Business|Economy|Finance|World

Why is Mozambique's financial crisis going from bad to worse?

Mozambique's slow-burning economic crisis has sharpened in recent weeks, with at least one global lender and a ratings agency suggesting the country will

Why is Mozambique's financial crisis going from bad to worse?
Economy|Europe|Political|World

Romanian government collapses after no-confidence vote

Romanian lawmakers toppled Prime Minister Ilie Bolojan's pro-EU government in a no-confidence vote on Tuesday, putting at risk the country's sovereign debt

Romanian government collapses after no-confidence vote
Business|Economy|Finance|Stock Markets|US|World

Huntington Ingalls posts lower quarterly margin as costs weigh

U.S. military shipbuilder Huntington Ingalls posted a lower first-quarter operating margin on Tuesday, hurt by higher costs amid inflation and volatility in global trade.

Huntington Ingalls posts lower quarterly margin as costs weigh
Asia|Business|Economy|World

Hong Kong Q1 GDP expands at strongest pace in nearly five years

Hong Kong's economy expanded 5.9% in the first quarter from a year earlier, official advance estimates showed on Tuesday, the 13th consecutive quarter of growth and the

Hong Kong Q1 GDP expands at strongest pace in nearly five years
Business|Economy|Environment|Food|Health|World

Weight-loss drugs fuel protein-rich whey craving

Global dairy companies and food producers are investing heavily to meet

Weight-loss drugs fuel protein-rich whey craving
Business|Economy|Europe|Finance|Stock Markets|World

European shares rise on positive earnings bump; focus on Mideast tensions

European shares recovered modestly on Tuesday after slumping in the previous session as a rally in technology stocks and a slate of upbeat corporate

European shares rise on positive earnings bump; focus on Mideast tensions
Economy|Environment|Health|World

With wood scarce, Gaza carpenters make simple beds from pallets

As Israeli restrictions continue to curb the entry of goods into Gaza, local carpenters are turning to scrap wood and shipping pallets to make much-needed

With wood scarce, Gaza carpenters make simple beds from pallets
Business|Economy|Finance|Health|Science

Use of Gilead's HIV prevention shot rises, but US insurance gaps remain

Use of Gilead Sciences' Yeztugo, a twice-yearly injection to prevent HIV infection, has climbed since its June launch, but U.S. health providers say not all patients

Use of Gilead's HIV prevention shot rises, but US insurance gaps remain
Business|Economy|Finance|Stock Markets|US

Citigroup to announce new profit targets at investor day, CEO says

Citigroup will unveil medium-term profitability targets at its investor day on Thursday, highlighting improvements in expenses and revenue from its multi

Citigroup to announce new profit targets at investor day, CEO says
Americas|Business|Economy|World

China says wider US sanctions on Cuba are 'illegal'

China urged Washington on Tuesday to immediately end its embargo and sanctions on Cuba, saying the expanded measures were "illegal" and "seriously violated" the norms of

China says wider US sanctions on Cuba are 'illegal'
Business|Economy|Environment|Technology|World

Canada-US oil pipeline close to reaching commitment requirement, sources say

A proposed pipeline for carrying Canadian crude oil to the United States is close to securing the minimum commitments from oil

Canada-US oil pipeline close to reaching commitment requirement, sources say
Business|Economy|Finance|Stock Markets|Technology

Crypto exchange Bullish to buy Equiniti for $4.2 billion in capital markets push

Bullish said on Tuesday it will buy transfer agent Equiniti in a deal valued at $4.2 billion, as the cryptocurrency exchange looks to establish infrastructure to bridge blockchain

Crypto exchange Bullish to buy Equiniti for $4.2 billion in capital markets push
Business|Economy|Environment|Political|World

Oil pulls back after hitting a 2026 high on day one of Trump’s plan to unblock Hormuz

Oil pulls back after hitting a 2026 high on day one of Trump’s plan to unblock Hormuz

Oil pulls back after hitting a 2026 high on day one of Trump’s plan to unblock Hormuz
Business|Economy|Environment|Political|World

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea

UN warns of ‘unprecedented’ crisis for seafarers in Persian Gulf as war strands crews at sea
Business|Economy|Environment

California investigates Trump administration's deal to end an offshore wind project

California is investigating one of the Trump administration’s deals to end an offshore wind project

California investigates Trump administration's deal to end an offshore wind project
Business|Economy|Finance|Political|Stock Markets|World

Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that

Australia's central bank set to cool its heels after rapid-fire rate hikes
Arts|Business|Economy|Europe|Fashion and Beauty|Finance|Stock Markets|World

Hugo Boss tops profit forecasts even as Iran war hits markets

German fashion group Hugo Boss reported a quarterly operating profit above analysts' expectations on Tuesday, sending its shares nearly 5% higher, even as the Iran

Hugo Boss tops profit forecasts even as Iran war hits markets
Economy|Europe|Political|World

Sweden moves ahead with plans for new foreign intelligence agency

The Swedish government said on Tuesday it was moving ahead with plans for a new foreign intelligence agency after past criticism that security officials failed to predict

Sweden moves ahead with plans for new foreign intelligence agency
Business|Economy|Environment|Europe|Technology|World

Volvo Cars' February-April sales volume down 10% year-on-year

Sweden-based Volvo Cars sold 162,864 cars in the three months through April, down 10% from the same period a year earlier, it said on Tuesday.

Volvo Cars' February-April sales volume down 10% year-on-year
Business|Economy|Political|Science|World

Thailand scraps 25-year-old agreement with Cambodia on joint energy exploration

Thailand on Tuesday unilaterally terminated a longstanding agreement with Cambodia to work towards joint offshore energy exploration, defying calls from its neighbour to

Thailand scraps 25-year-old agreement with Cambodia on joint energy exploration
Business|Economy|Europe|World

Audi fears 'significant' tariff impact ahead of SUV launch in US

A looming U.S. tariff hike would have a 'significant' impact on German premium carmaker Audi as it pushes ahead with plans to launch its largest SUV in the U.S. this summer,

Audi fears 'significant' tariff impact ahead of SUV launch in US
Asia|Business|Economy|Environment|Political|World

Blast at fireworks factory in China's Hunan kills 26, Xi calls for probe, state media says

A blast at a fireworks factory in China has killed at least 26 people and injured 61, flattening buildings and sending towering clouds of smoke into the sky, and prompting

Blast at fireworks factory in China's Hunan kills 26, Xi calls for probe, state media says
Business|Economy|Environment|Europe|Finance|MidEast|Stock Markets|World

Australia's central bank ramps up inflation fight with third rate hike this year

Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that

Australia's central bank ramps up inflation fight with third rate hike this year
Business|Economy|Europe|Health|World

Novo Nordisk's weight-loss pill boom faces price war test

Novo Nordisk is seeing brisk early demand for its new weight-loss pill as competition with U.S. rival Eli Lilly intensifies.

Novo Nordisk's weight-loss pill boom faces price war test
Business|Economy|Europe|World

European investment banks stutter as Wall Street rivals power ahead

Europe's investment banks are struggling to maintain market share as Wall Street

European investment banks stutter as Wall Street rivals power ahead
Business|Economy|Finance|Political|US|World

US prepared for visa sanctions on China over migrants issue, official says

China is slowing its efforts to repatriate Chinese nationals who are in the U.S. illegally, a senior Trump administration official told Reuters,

US prepared for visa sanctions on China over migrants issue, official says
Business|Economy|Finance|Stock Markets|World

Australia central bank warns of rising inflation, slower growth as oil shock bites

Australia's central bank on Tuesday sharply raised its inflation forecasts, while downgrading the outlook for economic growth and employment as a global energy shock from the

Australia central bank warns of rising inflation, slower growth as oil shock bites
Business|Economy|Technology|World

Samsung Electronics' board chairman urges union to resolve pay disputes

The board chairman of Samsung Electronics has urged unionised workers to resolve pay disputes with management, warning that a planned strike could hurt investors and employees

Samsung Electronics' board chairman urges union to resolve pay disputes
Business|Economy|Finance|Stock Markets|World

Freedom? What freedom?

A look at the day ahead in European and global markets from Rae Wee U.S. President Donald Trump's operation "Project Freedom" hasn't got off to a promising start.

Freedom? What freedom?
Business|Economy|Technology|World

China's carmakers chase 'Yaris moment' to ignite overseas growth

China's carmakers are hunting for their own "Yaris moment" - the kind of locally tailored breakthrough that helped Toyota conquer Europe - as they race to turn

China's carmakers chase 'Yaris moment' to ignite overseas growth
Business|Economy|Education|Environment|Finance|Health|Political|US

Abortion pill rulings bring the issue back to the forefront in a midterm election year

Recent court rulings on abortion pill access have reignited a contentious political issue in a midterm year

Abortion pill rulings bring the issue back to the forefront in a midterm election year
Business|Economy|Finance|Stock Markets|World

Australian lender Westpac flags Iran war risks as first-half profit misses estimates

Australian lender Westpac Banking on Tuesday said its mortgage and business customers are facing pressure from higher energy and fuel prices due

Australian lender Westpac flags Iran war risks as first-half profit misses estimates
Business|Economy|Finance|Technology|World

Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports

Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people

Apple holds talks with Intel, Samsung for US chipmaking, Bloomberg News reports
Asia|Business|Economy|Environment|Political|World

US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truce

The U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz

US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truce
Business|Economy|Technology|World

Meta picks Morgan Stanley, JPMorgan for El Paso data center financing, source says

Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data center in El Paso, Texas, a source familiar with the matter

Meta picks Morgan Stanley, JPMorgan for El Paso data center financing, source says
Business|Economy|Environment|Political|World

Dominican Republic president halts GoldQuest mining project after protests

The Dominican Republic's President Luis Abinader ordered on Monday the suspension of any activity related to GoldQuest Mining's gold and copper

Dominican Republic president halts GoldQuest mining project after protests
Economy|Political|World

Alberta separatist group says it has enough signatures to trigger referendum on leaving Canada

Alberta separatists have submitted nearly 302,000 signatures to trigger a referendum on leaving Canada

Alberta separatist group says it has enough signatures to trigger referendum on leaving Canada
Business|Economy|Finance|Stock Markets|US|World

Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports

Berkshire Hathaway has selected Gen Re Chairman Charlie Shamieh as successor to longtime insurance leader Ajit Jain, the Wall Street Journal reported on Monday, citing people

Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Business|Economy|Science|Technology

OpenAI co-founder discloses nearly $30 billion stake, financial ties to Altman

OpenAI's co-founder and president, Greg Brockman, on Monday disclosed deeper financial ties to CEO Sam Altman than previously

OpenAI co-founder discloses nearly $30 billion stake, financial ties to Altman
Business|Economy|Environment|Science

California probes Trump administration deal to cancel offshore wind lease

California energy officials on Monday opened an investigation into the Trump administration's agreement with an offshore wind company to cancel a planned project off the state's

California probes Trump administration deal to cancel offshore wind lease
Business|Economy|MidEast|Political|World

US says it sinks Iranian small boats, shoots down missiles, drones as it opens Strait

The U.S. military said on Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought

US says it sinks Iranian small boats, shoots down missiles, drones as it opens Strait
Business|Economy|World

Venezuela's inflation rate eases to 10.6% in April, cenbank says

Venezuela's inflation rate eased to 10.6% in April from 13.1% in March, the country's central bank said on Monday. 

Venezuela's inflation rate eases to 10.6% in April, cenbank says
Business|Economy|Finance|Political|Stock Markets|World

First refunds of Trump tariffs to start as early as May 12, customs agency says

The U.S. Customs and Border Protection (CBP) agency said on Monday it now estimates the first electronic refunds from U.S.

First refunds of Trump tariffs to start as early as May 12, customs agency says
Economy|Election|Political|US|World

Southern state Republicans look to capitalize on Supreme Court ruling weakening Voting Rights Act

Lawmakers in several southern states are meeting this week to consider redistricting plans in response to a U.S. Supreme Court ruling that weakened the Voting Rights Act

Southern state Republicans look to capitalize on Supreme Court ruling weakening Voting Rights Act
Business|Economy|Environment|Finance|World

Chevron CEO says shortages in oil supply will begin appearing

Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the

Chevron CEO says shortages in oil supply will begin appearing
Business|Economy|Technology

Intel appoints Qualcomm executive to lead PC and physical AI business

Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. 

Intel appoints Qualcomm executive to lead PC and physical AI business
Business|Economy|Technology|Travel|World

Embraer eyes new Middle East defense deals after UAE order

Brazil's Embraer expects new defense aircraft deals in the Middle East, including government-to-government procurements, after a landmark order for C-390

Embraer eyes new Middle East defense deals after UAE order
Business|Economy|Technology|Travel|World

Southwest weighs hiring Spirit Airlines mechanics ahead of Boeing MAX 7 arrival

Southwest Airlines has expressed interest in hiring some aircraft mechanics from now-defunct Spirit Airlines, a union official said on Monday, as the U.S. low-cost

Southwest weighs hiring Spirit Airlines mechanics ahead of Boeing MAX 7 arrival
Business|Economy|Finance|Technology|World

Global finance leaders flag shifting capital flows, AI impact at Milken

Top global investors and executives gathered at the Milken Institute Global Conference in Beverly Hills on Monday to discuss geopolitical tensions, private credit risks and

Global finance leaders flag shifting capital flows, AI impact at Milken
Business|Economy|Travel|World

American pilots union chief says United CEO's merger idea showed 'bold vision'

The head of American Airlines' pilots union told members that United Airlines CEO Scott Kirby's merger idea showed the kind of "bold vision" the

American pilots union chief says United CEO's merger idea showed 'bold vision'
Business|Crime|Economy|Finance|Stock Markets|World

California says insurance firm State Farm mishandled LA wildfires claims

The California Department of Insurance said on Monday it was seeking million of dollars in penalties against insurance company State Farm for allegedly

California says insurance firm State Farm mishandled LA wildfires claims
Arts|Business|Economy|Environment|Finance|Political|Stock Markets|US

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound

Top Trump fundraiser enlisted in new nonprofit for president’s sculpture garden and golf course as legal challenges abound
Arts|Business|Economy|Entertainment|Finance|Sports

Pablo Torre's podcast wins Pulitzer Prize for Clippers report, capping a remarkable rise

The “Pablo Torre Finds Out” podcast won a Pulitzer Prize in audio reporting for its deep dive into the finances of the Los Angeles Clippers and star Kawhi Leonard, capping a remarkable rise for the influential show

Pablo Torre's podcast wins Pulitzer Prize for Clippers report, capping a remarkable rise
Business|Economy|Finance|World

Mexico inflation likely slowed in April, paving way for possible rate cut

Mexican inflation is expected to have eased in April, a Reuters poll showed on Monday, giving Mexico's central bank more room to cut its key interest rate this week and

Mexico inflation likely slowed in April, paving way for possible rate cut
Business|Economy|Technology

Lattice Semiconductor to buy software firm AMI in $1.65 billion deal

Lattice Semiconductor will acquire AMI in a $1.65 billion deal, it said on Monday, as the chipmaker looks to expand into the software and artificial intelligence management space.

Lattice Semiconductor to buy software firm AMI in $1.65 billion deal
Business|Economy|Finance|Stock Markets|World

Trading Day: The oil, bonds tango

Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping,

Trading Day: The oil, bonds tango
Business|Crime|Economy|Environment|Finance|Technology|World

Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed

Elon Musk settled the U.S.

Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed
Business|Economy|Finance|Science|Stock Markets|Technology|US

Palantir lifts annual revenue forecast on robust US government demand

Palantir Technologies raised its annual revenue forecast and beat estimates for quarterly results on Monday, a sign of growing demand for its data analytics

Palantir lifts annual revenue forecast on robust US government demand
Business|Economy|World

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a "much worse

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027
Business|Economy|Entertainment|Finance|Technology

Paramount Skydance first-quarter profit benefits from cost-cutting

Paramount Skydance's pre-tax earnings rose in the first quarter, the company said on Monday, as streamlined operations and improved

Paramount Skydance first-quarter profit benefits from cost-cutting
Business|Crime|Economy|Environment|Science|Technology|World

Reuters wins two Pulitzer Prizes for national and beat reporting

Reuters won two Pulitzer Prizes on Monday, one for national reporting for stories on U.S.

Reuters wins two Pulitzer Prizes for national and beat reporting
Business|Economy|Education|Technology

Duolingo's growth outlook moderates as it prioritizes engagement over monetization

Duolingo posted strong first-quarter results but signaled a more measured growth trajectory ahead, as the language-learning app prioritizes user engagement and

Duolingo's growth outlook moderates as it prioritizes engagement over monetization
Business|Economy|Finance|Health|Stock Markets

Vertex tops profit estimates as sales of new cystic fibrosis drug surge

Vertex Pharmaceuticals on Monday beat Wall Street estimates for first-quarter adjusted profit, helped by a near eight-fold surge in sales of its new cystic fibrosis treatment.

Vertex tops profit estimates as sales of new cystic fibrosis drug surge
Business|Economy|Technology

Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge

Pinterest forecast second-quarter revenue above analysts' estimates on Monday, betting on steadily growing spending by advertisers, sending the image-sharing

Pinterest forecasts upbeat quarterly revenue on resilient ad spending, shares surge
Business|Economy|Stock Markets|Technology|US

GameStop's $56 billion eBay bid raises financing doubts among investors

GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts on Monday, with shares in the

GameStop's $56 billion eBay bid raises financing doubts among investors
Business|Economy|MidEast|Political|World

US and Iran launch new attacks as they wrestle for control of Gulf waters

The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz

US and Iran launch new attacks as they wrestle for control of Gulf waters
Business|Economy|Stock Markets|Technology

Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand

Onsemi forecast second-quarter revenue above Wall Street expectations on Monday, betting on resilient demand for its chips as the automotive industry recovers.

Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand
Americas|Business|Economy|Political|World

Costa Rica's top newspaper says US revoked visas of its executives, prompting press freedom concerns

One of Costa Rica’s leading media outlets says that the United States has revoked the tourist visas of several executives on its board

Costa Rica's top newspaper says US revoked visas of its executives, prompting press freedom concerns
Business|Economy|Science|Technology

OpenAI president discloses his stake in the company is worth $30B

Greg Brockman, OpenAI’s president and CEO Sam Altman’s top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion

OpenAI president discloses his stake in the company is worth $30B
Arts|Business|Economy|Entertainment

Actors and studios strike a tentative 4-year deal, easing fears of another Hollywood shutdown

Television and movie actors have reached a tentative four-year contract agreement with studios and streaming services

Actors and studios strike a tentative 4-year deal, easing fears of another Hollywood shutdown
Business|Economy|Political|World

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire

Trump’s gambit to move ships through the Strait of Hormuz tests the fragile ceasefire
Business|Crime|Economy|Environment|World

California says State Farm violated the law in handling of insurance claims after 2025 LA wildfires

California’s top insurance regulator says the state is seeking millions of dollars in penalties from State Farm after an investigation found the insurance company violated state law while handling claims from the 2025 Los Angeles-area wildfires

California says State Farm violated the law in handling of insurance claims after 2025 LA wildfires
Business|Economy|Finance|Stock Markets|World

Wall Street falls from its records and oil prices jump after fighting flares in the Middle East

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran

Wall Street falls from its records and oil prices jump after fighting flares in the Middle East
Business|Economy|Environment|Finance|Stock Markets|US|World

Goldman says global oil stocks approaching eight-year low, depletion speed a concern

Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the

Goldman says global oil stocks approaching eight-year low, depletion speed a concern
Arts|Business|Economy|Entertainment

CEO of Berkshire's Benjamin Moore says paint shoppers 'trading down' as inflation weighs

The chief executive of Berkshire Hathaway-owned Benjamin Moore said cautious consumers are spending less on paint as elevated inflation and

CEO of Berkshire's Benjamin Moore says paint shoppers 'trading down' as inflation weighs
Business|Economy|Finance|Political|Stock Markets|US|World

US Treasury boosts Q2 borrowing outlook; keeps issuance plans in focus

The U.S.

US Treasury boosts Q2 borrowing outlook; keeps issuance plans in focus
Business|Economy|Science|Technology|World

European Commission is in contact with Anthropic on Mythos, Dombrovskis says

The European Commission is in contact with Anthropic regarding Mythos and is assessing its possible implications, European Economic Commissioner Valdis ​Dombrovskis told

European Commission is in contact with Anthropic on Mythos, Dombrovskis says
Arts|Business|Economy|Entertainment|Lifestyle|Political|Travel

This year's Cinco de Mayo parade has more meaning after Operation Metro Surge, attendees say

This year's Cinco de Mayo parade has more meaning after Operation Metro Surge, attendees say

This year's Cinco de Mayo parade has more meaning after Operation Metro Surge, attendees say
Business|Economy|Education|Environment|Lifestyle

More than 100 staff at Brookfield Zoo Chicago go on strike; zoo remains open to the public

More than 100 staff at Brookfield Zoo Chicago go on strike; zoo remains open to the public

More than 100 staff at Brookfield Zoo Chicago go on strike; zoo remains open to the public
Business|Crime|Economy|Environment|Lifestyle|US

Prosecutors say arson suspect in Los Angeles' Palisades Fire was angry 'at the world'

The man accused of sparking the deadly Palisades Fire in Los Angeles was upset that he didn’t have plans for New Year’s Eve and told Uber passengers he was angry at the world hours before the initial blaze was sparked

Prosecutors say arson suspect in Los Angeles' Palisades Fire was angry 'at the world'
Business|Economy|Finance|Political|World

Brazil revives consumer debt relief program ahead of Lula's re-election bid

Brazil relaunched on Monday a consumer debt relief program first introduced in 2023, aiming to cut interest burdens and boost disposable income ahead of

Brazil revives consumer debt relief program ahead of Lula's re-election bid
Americas|Economy|Europe|Political|World

Germany's Merz marks a year in office facing deep transatlantic crisis

Chancellor Friedrich Merz marks a year in office this week facing the biggest crisis with Washington in decades, after President Donald Trump said he would

Germany's Merz marks a year in office facing deep transatlantic crisis
Business|Economy|Environment|Political|World

US Justice Dept sues to block Minnesota's climate change lawsuit

The U.S.

US Justice Dept sues to block Minnesota's climate change lawsuit
Business|Economy|Finance|Stock Markets|World

ECB may need to hike rates in June, Nagel says

The European Central Bank may need to raise interest rates in June if the inflation outlook does not improve significantly in the coming weeks, Bundesbank President

ECB may need to hike rates in June, Nagel says
Business|Economy|Finance|US|World

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S.

Williams says Fed policy well positioned for economic risks, uncertainty
Business|Economy|Environment|Finance|Stock Markets

Nitrogen surge to lift CF, Nutrien earnings; Mosaic faces headwinds

Nitrogen-focused fertilizer producers are set to report stronger quarterly earnings as a surge in prices, driven by Middle East gas disruptions, lifts margins, though

Nitrogen surge to lift CF, Nutrien earnings; Mosaic faces headwinds