Economy

Conflicts and energy shocks threaten progress against global hunger, UN agency head warns

Conflicts and disruptions to global energy markets could push millions more people into hunger by driving up fuel, fertilizer and food costs

‘It’s a wild west’: Inside Miami’s skyscraper boom

‘It’s a wild west’: Inside Miami’s skyscraper boom

Euro zone banks tighten credit access on war fears

Euro zone banks tightened access to credit in the second quarter over geopolitical instability fears, and they expect further tightening in the current quarter, the

Investors see pollution plan silver lining in EU carbon overhaul

A European Union plan to tie free pollution permits to investments in decarbonisation could enhance corporate accountability, investors said

JPMorgan, other US banks set to help finance Japan's $550 billion US investment plan, sources say

JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan's $550 billion U.S. investment pledge,

European banks set for profit boost from lending, trading windfall

After a surge in revenue at U.S. banks, European lenders are expected to follow suit this week when they report second-

UK borrows less in June but fiscal challenge for Burnham remains huge

Britain's government borrowed £16 billion ($21.51 billion) in June, a third less than in the same month last year, according to official data which nonetheless showed the

Weak UK jobs market holds steady as new PM Burnham takes office

Britain's jobs market appears to have stabilised at weak levels with official data showing annual wage growth and unemployment steady in the three months

IMF says oil prices, weak monsoon pose biggest risks to India's FY27 GDP growth

India's GDP growth in 2026/27 faces key downside risks from a widening war in the Middle East that is driving up oil prices and a

Crime gangs snare more than $88 billion in scams in Asia-Pacific, UN says

Scam gangs defrauded Asia-Pacific residents of at least $88 billion in 2025, a United Nations office said on Tuesday, with transnational crime groups

Japan bond jitters overshadow Takaichi's first economic policy roadmap

Japanese Prime Minister Sanae Takaichi vowed to boost investment in growth areas in her first economic blueprint finalised on Tuesday, a pledge overshadowed

Oil trumps AI

A look at the day ahead in European and global markets from Ankur Banerjee Oil, not AI, is driving global markets as investors struggle with contrasting signals: hopes of mediation in the fast-

US and Iran dig in over the Strait of Hormuz, showing the limits of intensifying airstrikes

The U.S. and Iran are back to bombing every day in a bid to control the Strait of Hormuz

US military completes its latest strikes on Iran, marking the 10th successive night of attacks

The U.S. military said late on Monday it finished its latest round of strikes on Iran, saying it hit Iranian military command centers, missile and

Trump administration sued by rights groups over attempted childcare funding cuts

Civil rights groups said they filed a lawsuit against President Donald Trump's administration on Monday over the government's attempt to restrict

New Zealand and Philippines form comprehensive partnership

New Zealand and the Philippines have formed a comprehensive partnership, New Zealand foreign minister Winston Peters said on Tuesday.

KPMG Australia taps insider as CEO in wake of audit leak scandal

KPMG Australia on Tuesday promoted a partner from within its own ranks to chief executive, two months after losing its leader to a scandal that erupted

Tropical Storm Bertha drifts toward land as Hurricane Fausto forms in the eastern Pacific

Hurricane Fausto has formed in the eastern Pacific far from Mexico’s Baja California peninsula and poses no threat to land

Houthi Red Sea blockade would lift oil prices, but workarounds could limit impact

A successful effort by Yemen's Houthis to shut the Bab el-Mandeb Strait would strike at one of the world's most important oil

Diplomatic efforts seek to avert Trump split with UN refugee agency, sources say

The Trump administration has in recent weeks weighed cutting ties with the U.N. refugee

Grid operator in US central states warns of potential rolling blackouts

The regional U.S. grid operator for 14 central states warned on Monday evening that it could order rolling blackouts because the power system was on the brink of

South Korean economy likely slowed in Q2 after robust Q1 growth: Reuters poll

South Korea's economy likely grew at a much slower pace in the second quarter compared to the first three months of the year, as robust export growth was

US imposes new 50% tariffs on $20 billion worth of Canadian products

President Donald Trump unveiled 50% tariffs on a wide range of imports from Canada on Monday in response to what the U.S. administration

Sri Lanka uses air force drones to tackle spreading dengue outbreak

Sri Lanka's public health services and hospitals are battling the worst outbreak of mosquito-borne dengue in nearly a decade, and turning to the

Nicaragua's Ortega says 'never again' for elections after two decades in power

Nicaragua's long-serving president Daniel Ortega said the Central American country will no longer hold elections, eliminating the possibility of an electoral challenge when his

US suspends funding for US Virgin Islands' housing authority and accuses it of corruption

The U.S. government says it has suspended funding for the U.S. Virgin Islands’ housing authority after an investigation found widespread corruption

Airbus CEO says H1 deliveries consistent with annual goal

Airbus is on track towards its full-year target of 870 deliveries after a 15% increase in the first half of the year as engine supplies stabilised, CEO

Trump says he had 'very good conversation' with new British PM Burnham

U.S.

Son of Brazil's former President Bolsonaro secures US green card

Former Brazilian lawmaker Eduardo Bolsonaro, son of former President Jair Bolsonaro and an ally of U.S.

New Zealand Q2 inflation at 4.1% y/y, at more than two year high

New Zealand's annual inflation accelerated in the second quarter to a 2-1/2-year high, reinforcing expectations the central bank will raise the cash

Trump imposes 50% tariffs on Canadian goods, citing disputes over autos, alcohol and cheese

President Donald Trump has imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products

Road deaths have declined globally since 1990 except in poorer countries, study finds

New estimates show road deaths are declining in the U.S. and globally

North Korea, Russia foreign ministers hold strategic talks in Moscow, KCNA says

North Korean Foreign Minister Choe Son Hui and Russian Foreign Minister Sergei Lavrov held their third strategic dialogue in Moscow on Monday, North Korean state media KCNA

Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push

Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space in the

Trading Day: War clouds darken 

Escalating tensions in the Middle East finally weighed on Wall Street on Monday, after investors had earlier bought back beaten-down chip stocks

US judge approves Anthropic's $1.5 billion settlement of copyright lawsuit

A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic's landmark $1.5 billion settlement of a class action lawsuit

Capital One defeats lawsuit alleging excessive credit-card rates

Capital One persuaded a Maryland federal judge on Monday to dismiss a proposed class-action lawsuit accusing the bank of charging excessive interest rates to

Not just Taco Bell: Parasite outbreak tied to lettuce dents restaurant traffic

Not just Taco Bell: Parasite outbreak tied to lettuce dents restaurant traffic

US gas prices back up to an average of $4 a gallon again as the US and Iran launch attacks

U.S. gas prices have jumped to an average of $4 a gallon again as the U.S. and Iran launch more attacks

Ebola quarantine center for Americans is up and working in Kenya despite a court ban, activists say

Kenyan activists accuse authorities of violating a court order to halt the setting up of an American-backed Ebola quarantine center in the country

The Latest: US carries out more strikes on Iran in push to reopen the Strait of Hormuz

The U.S. military says it’s carrying out its 10th consecutive night of strikes on Iran in a push to reopen the Strait of Hormuz

On the day Andy Burnham becomes UK PM, a northern city loses trains to London

On the day Andy Burnham became prime minister after vowing to give greater powers and investment to the north of England, the region suffered a

Trump orders tightening of defense supply-chain waiver rules

President Donald Trump on Monday signed an executive order making it harder for U.S. defense contractors to obtain waivers allowing them to buy

Wall Street indexes fall, with Iran and earnings season in focus

Wall Street's three major indexes finished lower on Monday while investors looked for moves toward Middle East de-escalation and waited for

Chevron shuts in US Gulf platform in preparation for developing tropical storm

Chevron is shutting-in production at its Petronius facility in the U.S.

Trump says he signed proclamation to adjust tariffs on aluminum imports

President Donald Trump said on Monday he signed a proclamation to adjust tariffs on imports of aluminum into the United States, adding the domestic

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses

FDA still focused on lettuce supplier as source of parasite, despite faulty test result

Federal health officials have remained focused on lettuce from Taylor Farms as the source of a multistate outbreak despite inaccurate test results reported over the weekend

Andy Burnham becomes the UK's seventh prime minister in a decade after Starmer resigns

Andy Burnham has taken office as Britain’s new prime minister

Judge says Paramount and Warner must halt merger for at least two weeks, granting states' request

A federal judge has ordered Paramount and Warner Bros

Stocks fall as oil gains; Iran tensions, earnings in focus

Major stock indexes fell on Monday with investors cautious about developments in the U.S.-Iran war and ahead of earnings

Houthis announce Saudi naval blockade, threatening new front in US-Iran war

Yemen's Iran-aligned Houthis said on Monday they would impose a naval blockade on Saudi Arabia, opening a

JetBlue wins auction for Spirit's LaGuardia flight slots

JetBlue won an auction for bankrupt Spirit Airlines' takeoff and landing slots at New York's LaGuardia airport for a purchase price of $58.5 million,

Paramount Skydance ordered to pause Warner Bros acquisition through August 3

Paramount Skydance must pause its $110 billion acquisition of Warner Bros.

US pledges to crack down on Haitian gangs making money off social media

The U.S. envoy to the United Nations says the U.S. government plans to stop violent gangs in Haiti from profiting off social media

Private investors must pile cash into defence to fill public funding gap, executives say

Private investors are needed to funnel cash into European defence companies to plug the gap left by cash-strapped governments, but too often

Oil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat

Oil prices settled over 1% higher on Monday after volatile trading through the session, as traders weighed hopes of renewed U.S.-Iran negotiations

Florida GOP lawmaker and governor candidate says AI data center legislation keeps utility costs down

Florida Republican congressman and governor's race candidate Byron Donalds has announced legislation intended to prevent artificial intelligence data centers from increasing utility costs

Fires, floods and record heat: This is the summer of compounding disasters

Fires, floods and record heat: This is the summer of compounding disasters

US senators at airshow to reassure foreign defense contractors, urge tariff-free trade

A bipartisan group of nine U.S. senators on Monday sought to reassure defense contractors from American allies that growing demand for

New Trump rule makes it harder for some immigrants to get green cards

New Trump rule makes it harder for some immigrants to get green cards

Boeing class action over MAX 9 blowout decertified by US appeals court

A federal appeals court on Monday decertified a shareholder class action accusing Boeing of prioritizing profit over safety and overstating its commitment to

Britain's new prime minister, Andy Burnham, vows to end years of instability

Andy Burnham became Britain's seventh prime minister in a decade on Monday, pledging to reshape its politics to

NY Fed survey finds highest credit application rate in nearly five years

By Michael S.

Domino's holds annual sales forecasts as value-seeking diners pressure growth

Dominos Pizza on Monday maintained its annual sales forecasts, but said a challenging macroeconomic environment continued to weigh on

Four Indians killed in attack on ship leaving Ukraine's Odesa, New Delhi says

An attack on a ship leaving Ukraine's southern port of Odesa on Sunday killed four Indians and left another at hospital in a critical condition, India's foreign ministry said in a

Mexico economy to grow less than previously expected on trade concerns

Mexico's economy will grow more slowly this year and next than previously forecast as concerns over trade rules with the United States continue to

First job gives man with disabilities newfound confidence

First job gives man with disabilities newfound confidence

US attacks deepen hardship, not dissent, in Iran's restive south

Opposition to Iran's clerical rulers has long simmered in the country's impoverished south.

Oil transfer activity in Gulf of Oman slows following ship attacks, data shows

Oil transfers between tankers in waters outside the Strait of Hormuz have slowed following a wave of recent attacks on vessels by Iranian forces, according

New UK leader Burnham says he will never take risks with economy

Britain's new prime minister, Andy Burnham, said on Monday he would never take risks with the economy, re-committing to a pledge to stick to the previous government's

Google plans new chip to run Gemini models more efficiently, the Information reports

Google is developing a new server chip that would incorporate elements of its Gemini model directly into the hardware, in a bid to serve its AI models more efficiently to users,

Andy Burnham, 'King of the North', becomes Britain's prime minister

After enduring one of the worst moments of his career when he lost his second bid for the Labour leadership in 2015, Andy Burnham

UK's new PM, Burnham, promises to use 'political capital' to tackle social care

Britain's new prime minister, Andy Burnham, said on Monday he did not want to leave office having failed to tackle the nation's social care crisis, pledging to "use some of

'Not much we don't do' | In rural Ohio, a ministry started its own landscaping business to combat homelessness

'Not much we don't do' | In rural Ohio, a ministry started its own landscaping business to combat homelessness

Hungary investigates deal with China's BYD carmaker after ex-foreign minister takes job there

Hungary's government is investigating a major foreign investment by Chinese automaker BYD

Gas prices back at $4 a gallon

Gas prices back at $4 a gallon

Examining how much of your tax dollars paid for the World Cup in Kansas City

Examining how much of your tax dollars paid for the World Cup in Kansas City

Airline executives caution planemakers not to rush release of next generation of aircraft

Airline executives on Monday cautioned planemakers Boeing and Airbus not to rush out a new generation of commercial jets

Senator says US daylight saving time bill faces tough fight

A bill passed by the U.S.

AliExpress hit with $629 million EU fine over sales of illegal, counterfeit products

Alibaba's AliExpress was hit with a record €550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal,

AMC posts surprise profit as summer blockbusters boost US box office

AMC Entertainment turned in a surprise adjusted quarterly profit, the latest sign that U.S. cinema chains are rebounding thanks to a strong summer release slate

No Gucci, no problem? Coty learns to live without flagship brand

Coty's $400 million deal to exit its flagship Gucci Beauty licence a year early will cost it a big chunk of near-term earnings, but could

How UK PM Burnham's government might raise taxes

New British Prime Minister Andy Burnham has said he may ask people to pay "a little more" in tax as the country faces major spending pressures from an

Why oil prices haven't gone crazy despite 5 months of US-Iran war

As the United States and Israel went to war with Iran at the end of February, analysts predicted the price of crude oil could hit $150 a barrel or even rise

India's infrastructure output rises 5% y/y in June under new series

India's infrastructure output grew 5% year-on-year in June, its fastest pace in five months, according to the first data released under a revised series with 2022-23 as

Philippine Airlines signs for 15 Boeing 787s, with rights for five more

Philippine Airlines confirmed 15 firm orders for Boeing 787-10s on Monday, with purchase rights for another five of the widebody jetliners.    

Canada's annual inflation rate cools below forecast on cheaper fuel

Canada's annual inflation rate cooled more than expected to 2.8% in June, data showed on Monday, as gasoline costs fell sharply after the U.S. and Iran

Coca-Cola appoints JPMorgan, Citi for India bottler IPO, sources say

Coca-Cola has appointed JPMorgan and Citi as bankers for a planned 2027 initial public offering of one of its majority-owned bottling

Suzuki's no-frills cars once ruled India. Then buyers demanded frills. 

(An earlier version of this story incorrectly stated that Maruti Suzuki is selling fewer cars. It sold 1.82 million units in India in the latest fiscal year, up from a pre-COVID high of 1.73 million.)

Wall St opens higher as chips recover, megacap earnings loom

Wall Street's main indexes opened higher on Monday, as chip stocks recovered from last week's pullback and investors awaited a key slate of earnings from major technology companies

The Pentagon is desperate for funds — but key Republicans are skeptical

The Pentagon is desperate for funds — but key Republicans are skeptical

The rise of Yemeni coffeehouses in Dearborn and beyond

Yemeni coffeehouses have gained culinary prominence in recent years, offering brews of coffee and tea seasoned with cardamom, ginger, cloves and other ingredients.

Most Americans support conservation – here’s how the Great Lakes Restoration Initiative got politicians from both parties on board too

An analysis of one major effort shows how to get Democrats and Republicans to agree to spend billions of dollars on a decades-long environmental restoration project.

Now that the World Cup is over, can host cities turn their investment into a lasting social impact?

Studies suggest that, played right, hosting large sporting events can pay lasting noneconomic dividends. But it needs sustained effort.

Featuring Trump on US coins and bills would put America in rare company

A professor of international relations counted the sitting leaders on over 1,000 of the world’s banknotes and coins; almost every one of them is a king or a queen.

Chinese car sales in Mexico surge despite new tariffs

Mexican sales of Chinese-brand vehicles jumped nearly 30% in the first six months of the year despite steep tariffs imposed in January that were

Japanese mayor makes history with maternity leave that caused a stir

The mayor of a small Japanese city became the first sitting mayor in the country to take maternity leave on Monday, a decision that has drawn some

Chipmakers head for big profit gains, but will it be enough?

Chipmakers are in focus on Wall Street, with their shares turning mercurial this month and investors banking on a few dozen newly valuable

Hut 8 signs $9.8 billion AI data center lease, fully commercializes Texas campus

Hut 8, a crypto-mining turned AI data center company, said on Monday it has signed a second 15-year lease worth $9.8 billion with an existing investment-grade customer, fully

How PayPal went from Wall Street favorite to unwilling merger target

Five years ago PayPal was a Wall Street favorite and a leader in digital payments.

UK government, Bezos back CuspAI's $450 million round as startup seeks to discover new materials

Britain's CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos' investment fund, as the startup looks to

Prosecutors win subpoenas for Philippine vice president Duterte's financial records in impeachment case

The Philippine Senate ordered banks and the Anti-Money Laundering Council on Monday to produce financial records for Vice President Sara Duterte, her husband and several

US pump prices cross $4 again on renewed Middle East fighting

U.S. gasoline pump prices crossed the $4 a gallon mark on Monday as renewed hostilities between the U.S. and Iran further disrupt energy flows through the

LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate

Permira-backed womenswear retailer Reformation targets $1 billion valuation in US IPO

Permira-backed womenswear retailer Reformation is targeting a valuation of up to $1 billion in its U.S. initial public offering,

The most violent ceasefire

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With TV screens dominated by all the hoopla surrounding Spain’s World Cup victory this

China's new AI model halts new subscriptions as demand swamps capacity

The Chinese AI model Kimi K3 has suspended new subscriptions after overwhelming demand pushed its capacity close to its limits

Ryanair profits slump as Iran war dampens fares, hikes fuel costs

Ryanair's profit slumped by a third in its most recent quarter on higher fuel costs and lower fares that look set to remain weak through the key summer

Morocco to boost hotel beds by a fifth ahead of 2030 World Cup

Morocco plans to expand its hotel capacity by 60,000 beds, equal to about a fifth of its current total, by the time the country co-hosts the 2030 World

MBDA unveils interceptor to counter mass drone attacks

By Florence Loeve PARIS, July 20 - European missile manufacturer MBDA is launching an  interceptor to counter attacks by large numbers of low-cost munitions such as drones, as wars in Ukraine and the

European shares tick lower as investors assess US-Iran jitters; tech earnings loom

European shares slipped on Monday as the deteriorating conflict in the Middle East stoked inflation fears ahead of a European Central Bank

China's youth jobless rate falls to 12-month low in June

China's surveyed urban unemployment rate for youths in June dropped to the lowest level in 12 months, data released by the National Bureau of Statistics showed on Monday.

KPMG Australia fines staff up to $126,000 for 'unacceptable' misconduct in audit scandal

KPMG Australia said on Monday it imposed penalties of up to A$180,000 ($125,838) on a group of staff after an

Portugal's migrant curbs hit construction firms working to solve housing crisis

Jose Simao arrived in Portugal from Angola in 2022 to work as a bricklayer, part of a wave of immigration providing a welcome boost to the country's

ECB survey sees moderating wage demands, selling price growth

Euro zone firms expect selling prices to rise more moderately and see a slowdown in wage growth, an ECB survey showed on Monday, adding to evidence that a recent energy-

'I couldn't breathe':South Korea's frenzied stock trading exposes margin loan risks

Lee Seung-ho watched the nearly 300 million won ($202,515) stock trading fortune he built with a 500% margin loan evaporate in just four weeks in May, but he plans to borrow

Danube water levels reach lowest in 30 years, hampering farming and shipping

Water levels of the Danube river in Romania fell to their lowest since 1996 over the weekend, prompting irrigation restrictions for farmers and partially disrupting

Farnborough opens with Boeing, Airbus orders and air defence focus

Farnborough Airshow opened on Monday with Boeing and Airbus securing the first aircraft orders, while

Could AI chip boom make ASML Europe's first trillion-dollar firm?

The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer

Rising oil, yields rain on AI party

A look at the day ahead in European and global markets from Wayne Cole.

Novartis faces drug pipeline test with valuation premium in focus

Novartis investors will look beyond Tuesday's quarterly results for indications about three major drug trial readouts due in the second half of the year

Russia's Putin meets North Korea's top diplomat in Kremlin

Russia's President Vladimir Putin met North Korea's Foreign Minister Choe Son Hui an the Kremlin on Sunday, thanking her for help in what Moscow calls the special military

Indonesian parliament panel gives go-ahead to financial centres plan

An Indonesian parliamentary panel on Monday agreed with the government on key provisions in a bill for the foundation of international financial centres aimed at drawing

Japanese beetle advances through northern Italy's vineyards and orchards, frustrating farmers

Iridescent green beetles native to Japan have invaded Italy, damaging orchards and vineyards

How health insurers get a free pass to deny coverage from a 52-year-old law meant to protect worker pensions

A little-known law called ERISA bars millions of patients from suing for damages when health insurers wrongly deny claims.

Indian students cool on 'American Dream' as EU opens its doors

A.

Taiwan says Chinese vessel activity jumps, raising fears for Pacific supply routes

Taiwan detected a sharp rise in Chinese coast guard and research vessel activity around the island in June, prompting Taipei to plan drills simulating Chinese

European chemical earnings to test demand recovery after conflict-led pricing boost

European chemical companies are expected to report second-quarter results reflecting temporary support from Middle East conflict-related

As defaults on student loans surge, millions are trying to get their lives back on track

According to an Associated Press analysis, more than 4.2 million people across the country defaulted on student loans between April 2025 and March 2026

In the Israeli-occupied West Bank, too much cash is breaking the economy

In most places, cash is king

Electric cars became cheaper in Germany despite rising average prices

Models of battery electric vehicles (BEVs) became more affordable in Germany between 2020 and 2025, data from research organizations the International Council on Clean

Trump says he told Carney that Canada must get wildfires under control

U.S.

Troy Jackson effectively wraps up Maine Democrats’ nomination to face Sen. Susan Collins

Troy Jackson effectively wraps up Maine Democrats’ nomination to face Sen. Susan Collins

UK chief financial officers turn more hopeful about AI

The finance bosses at many of Britain's biggest companies are more optimistic about the impact of artificial intelligence on their businesses and a bit less worried about

Samsung Biologics to launch $1.8 billion all-cash bid for PolyPeptide

South Korea's Samsung Biologics will launch a 1.46 billion Swiss francs ($1.81 billion) all-cash bid for Swiss contract drugmaker PolyPeptide, the companies said in separate

TSMC expects 'strong, multi-year' demand for AI chips as it ramps up Arizona investment

TSMC is seeing strong, multi-year demand for its AI chips as it invests a further $100 billion to expand its Arizona facilities, but it

Dollar firmer as US-Iran conflict intensifies, Brent hits $90

The dollar made a modest advance against most of its global peers at the start of Asian trading on Monday as the conflict in the Middle East

US EV sales are down, but not out. Here’s why automakers won’t pull the plug

US EV sales are down, but not out. Here’s why automakers won’t pull the plug

Second death reported in Legionnaires’ disease outbreak in New York City

A second person has died in connection with an outbreak of Legionnaires’ disease in New York

Russian attacks kill 6 in Kyiv and other cities and expose gaps in Ukraine's air defenses

Russia has attacked Kyiv and other Ukrainian cities with missiles, drones and bombs, killing at least six people

Boeing focused on production, not new orders at Farnborough Airshow

The head of Boeing's commercial airplane unit said on Sunday that the company is focused on increasing and improving aircraft

Ice cream prices melt: Falling butterfat prices bring relief to the freezer aisle

Ice cream prices melt: Falling butterfat prices bring relief to the freezer aisle

Andy Biggs and David Schweikert offer competing visions for Republican Party in Arizona primary

Rep. Andy Biggs and Rep. David Schweikert are clashing in the Republican primary for Arizona governor

Samsung cuts US jobs, offers relocations ahead of HQ move

(This July 19 story has been repeated with no changes to text.)

Institutional demand for CXMT's $8.6 billion Shanghai IPO dented by chip stock selloff

Chinese chipmaker CXMT Corp's $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on

UK's Burnham drops digital ID scheme to prioritise cost of living, say allies

Britain's next leader, Andy Burnham, will scrap government plans for a digital ID scheme when he takes office, signalling his intention to

Chinese company demands compensation from the UK over British Steel nationalization

Jingye Group, the former owner of British Steel, has demanded compensation from the U.K. government for investment losses after the company's nationalization last week

Men more likely than women to use job offers for pay rises, study finds

Men are more likely than women to use outside job opportunities as leverage to negotiate higher pay in their existing jobs, helping drive persistent gender wage gaps,

Former China Development Bank president is under anti-corruption probe

China's top anti-graft watchdog has announced an investigation into a former president of China Development Bank

Nigerian children pay the price for the Iran war as malnutrition and poverty surge

Health workers in northern Nigeria say more children are relapsing into malnutrition and cite knock-on effects from the war in the Middle East

Mexico's Sheinbaum to attend World Cup final at President Trump's invitation

Mexican President Claudia Sheinbaum said in a message on X that she would attend the World Cup final in New Jersey on Sunday at the invitation of U.S.

US military launches new airstrikes to 'swiftly punish' Iran for deaths of US troops

The U.S. military says it has carried out new airstrikes against Iran to “swiftly punish” the country’s Revolutionary Guard for an attack in Jordan that killed two American service members, left one more missing and four requiring hospitalization

Data center opponents stage 142 protests across 42 US states

Opponents of the rapid buildout of data centers held 142 protests across 42 states on Saturday in the first nationwide effort to channel

Delayed orders, confusion slowed Venezuelan military's response to quakes, sources say

Delayed orders from senior military commanders, a lack of basic equipment and overall confusion were among the issues that hindered the deployment of Venezuelan troops in the

US says two military personnel killed by Iranian attack in Jordan

The U.S. military said on Saturday two of its personnel were killed in Jordan and another was missing after an

Canadian premier calls Trump’s threat to add wildfire pollution costs to tariffs ‘unacceptable’

Canadian premier calls Trump’s threat to add wildfire pollution costs to tariffs ‘unacceptable’

Trump administration to fund Maga-aligned projects in Europe as he reorders US aid, FT reports

The Trump administration is preparing to unveil a series of grants in Europe and beyond to support Maga-aligned initiatives in pursuance of a dramatic overhaul of U.S. foreign aid

Ukrainian drones hit warehouses and other sites across Russia, killing 9 and wounding over 80

Russian officials report that Ukrainian drone attacks overnight and later on Saturday have killed nine people and wounded more than 80 others

Ontario premier says Trump's criticism of Canada's efforts to stop wildfires is 'absolutely unacceptable'

Ontario Premier Doug Ford said U.S. criticism of Canadian efforts to stop the "terrible scenario" of spreading forest fires in his province and

The new American dream: Having parents who can help pay for it

The new American dream: Having parents who can help pay for it

Sen. Ossoff fuels reelection campaign with attacks on Trump

Georgia Sen. Jon Ossoff has attracted national attention and praise from across the political left with his sweeping indictments of President Donald Trump

Trump shifts his tone on Jimmy Carter while grappling with Iran, inflation and his own legacy

Donald Trump has shifted his tone on former President Jimmy Carter, whom he once sharply criticized

Warehouse workers among 8 dead in deadliest Ukrainian attacks inside Russia for two years

Warehouse workers among 8 dead in deadliest Ukrainian attacks inside Russia for two years

The US and Iran have blown past red lines as they lurch back toward all-out war

The United States and Iran are crossing each other's red lines, one after the other

India's Skyroot launches Vikram-1 in first private orbital rocket mission

Indian space startup Skyroot Aerospace on Saturday launched the country's first privately developed orbital rocket, a key

Britain hopes this man will save its economy. We went to Manchester to find out why

Britain hopes this man will save its economy. We went to Manchester to find out why

Trump blames Canada for wildfire smoke, says he will add cost to tariffs

President Donald Trump on Friday blamed Canada for wildfire smoke spreading across the United States and said he would add the "incalculable

US and Iran escalate strikes across Mideast

The United States and Iran have exchanged strikes aimed at infrastructure and military targets as their battle over the Strait of Hormuz intensifies

Federal employees can download TikTok on government devices, DOJ says

The U.S. Justice Department said on Friday that federal employees can now download the short-video app TikTok on government devices.

US cancels automatic protections for imperiled animals as critics warn of extinctions

The U.S. Interior Department has canceled a rule meant to protect plants and animals that are determined to be threatened with extinction

Top US prosecutor will not dispute DOJ decision to drop Indian tycoon Gautam Adani's criminal case

The top federal prosecutor in Brooklyn said he had no basis to dispute the U.S.

US companies face rise in cyber attacks

Companies worldwide are grappling with a surge in AI-driven cyberattacks and ransomware that steal sensitive data and disrupt operations.

US and Iran target infrastructure as strait shipping comes under further attack

The United States on Friday launched a seventh straight night of attacks on Iran, which in turn struck

GameStop owns nearly 10% of eBay, SEC filing shows

Videogame retailer GameStop owns nearly 10% of e-commerce company eBay, the company said in a regulatory filing late on Friday, signaling its intent to push

Boeing keeps 20-year forecast for jet demand steady, shrugs off Iran war impact

Boeing maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, according to the U.S.

Federal judge bars Trump administration from using obscure clause to make huge funding cuts

A federal judge in Boston has ruled the Trump administration can’t use an obscure clause relating to agency priorities to make funding cuts

Meta in talks to rent some of its billions in AI infrastructure to Anthropic

Meta in talks to rent some of its billions in AI infrastructure to Anthropic

Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports

Elon Musk's SpaceX is in talks to provide the U.S.

Meta, Anthropic in talks for potential $10 billion compute lease deal, source says

Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter.

US lifts some Hong Kong sanctions imposed by Trump, autonomy status unchanged

The United States on Friday partially removed Hong Kong-related sanctions and trade restrictions imposed by President Donald Trump in 2020 over China's security

Soccer-The economic goal that never came: World Cup falls short of boosting Mexico

The World Cup left stadiums packed and millions of fans euphoric in Mexico, but failed to lift a sluggish economy weighed down by weak investment and

Trump Media pitched $100,000 monthly fee for fastest feed of US president's posts, sources say

Donald Trump's social media company has discussed

US judge says Trump administration cannot revoke grants that conflict with its priorities

A federal judge on Friday ruled that U.S.

The sell-off for AI stars worsens, while oil prices keep jumping

The sell-off for AI winners deepened and yanked stock markets lower worldwide

FCC commissioner says Trump call to revoke ABC, NBC licenses is unconstitutional

The sole Democrat on the Federal Communications Commission on Friday criticized President Donald Trump's call for Disney-owned ABC and Comcast unit

US restaurant chains hit by foodborne illness outbreaks

Foodborne illness outbreaks have repeatedly disrupted U.S. restaurant chains, triggering recalls, lawsuits and heightened regulatory scrutiny while pressuring customer traffic and

SpaceX targets next week for another Starship launch attempt as shares slide on abort

SpaceX is targeting Monday for another attempt to launch its Starship rocket after a last-second abort during engine ignition on Thursday, a brief

China set to leave benchmark lending rates unchanged for 14th month in July

China is set to leave benchmark lending rates unchanged for a 14th consecutive month in July, a Reuters survey showed, despite softer-than-expected second-quarter

Wall St ends lower for the day and week as chip selloff broadens

Wall Street extended its decline on Friday as a pullback on stocks associated with the AI boom, which has driven many of the gains so

US oil firms sign deals with Iraq to develop alternative shipping routes

U.S. companies have signed roughly $60 billion in agreements and partnerships with the Iraqi government, including deals intended to create alternative routes for shipping oil out of the Persian Gulf

US lets Hong Kong emergency declaration lapse, lifting some sanctions as Trump order stays

The United States has not renewed the national emergency declaration over Hong Kong, lifting some sanctions but keeping an executive order that revoked Hong Kong's special trading status

FAA says Boeing can resume self-certifying its jets as airworthy

The Federal Aviation Administration says Boeing will be allowed to take responsibility for certifying all of its 737 Max and 787 planes starting next week

Chinese AI model takes US tech industry by surprise with abilities rivaling Claude and ChatGPT

Another powerful new artificial intelligence model from China is taking the U.S. tech industry by surprise

Walmart names Kinnard to replace departing US COO Shanahan, memo shows

Kieran Shanahan, chief operating officer of Walmart's U.S. operations, is leaving the retailer and will be replaced by the company's international division COO, Kyle Kinnard, an

World stocks fall in semiconductor rout; oil rises on Middle East escalation

Share indexes tumbled around the world on Friday, as heavyweight chip stocks plunged for a third consecutive day as investors

Sanctioned tanker is leaking oil near Oman, according to satellite images and experts

A vessel under sanctions for moving Russian fuel is likely leaking oil in a protected marine area off the coast of Oman, according to

Oil settles up on renewed US-Iran hostilities and threat of Red Sea closure

Oil prices climbed more than 4% to their highest in more than a month on Friday after the U.S. and Iran stepped up attacks across the Gulf, with shipping

Top US tax lawyer forced out after White House clash over tax audits

The U.S. tax agency’s top attorney was forced from his role in recent days after refusing White House demands to participate in tax audits, according to

FAA chief vows fast time-table to reform US air traffic control systems

The head of the Federal Aviation Administration says the agency needs another $10 billion from Congress to reform the antiquated U.S. air traffic

Brazil finance chief pledges reciprocity, not retaliation, after new U.S. tariffs

Brazil Finance Minister Dario Durigan said on Friday there were no grounds for discussing retaliation against Washington's latest tariffs, promising instead to carefully

Fed rate-hike voices swell before July decision, rates still seen on hold

Cleveland Fed President Beth Hammack on Friday added her voice to a growing chorus of policymakers arguing interest rates may need to rise to beat back persistent

Apple in early settlement talks with US DOJ over antitrust case, Bloomberg News reports

Apple and the U.S.

US judge won't block Meta from laying off workers who filed AI discrimination lawsuit

A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were

Chip stock pullback sparks worries about AI rally strength, leveraged trades

A brutal week for chip stocks — the same names that fueled this year's blistering market rally — has left investors from

‘Extremely difficult’: Coroner recalls 2-year-old boy in bed at scene of triple homicide

‘Extremely difficult’: Coroner recalls 2-year-old boy in bed at scene of triple homicide

Trump regulator orders Kalshi to defy Michigan court – escalating battle over prediction markets

Trump regulator orders Kalshi to defy Michigan court – escalating battle over prediction markets

Fuel crisis, attacks in Azov Sea tighten squeeze on Russian farmers

Vladimir Fedorchenko and his wife Lyubov are expecting a good harvest this year on their farm in southern Russia, and yet the couple are worried.

US manufacturing output unchanged in June, but accelerates in second quarter

U.S. factory production was unchanged in June, but grew at a robust pace in the second quarter, driven by an artificial intelligence build-up and businesses

US consumer sentiment improves in July; renewed Middle East conflict poses downside risk

U.S. consumer sentiment increased to a five-month high in July, but the improvement is likely temporary as renewed conflict in the Middle East raises gasoline prices.

'This is an embarrassment': MKE County chief judge sounds off on 90-degree courtrooms

'This is an embarrassment': MKE County chief judge sounds off on 90-degree courtrooms

US single-family housing starts fall; building permits lowest in 10 months

U.S. single-family homebuilding fell for a third straight month in June while permits for future construction dropped to the lowest level in 10 months

BofA names senior executives to drive AI adoption in global markets-memo

Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters

JPMorgan sexual harassment lawsuit dismissed, refiling expected

A New York state judge dismissed a lawsuit by a former JPMorgan Chase banker who in graphic terms said his former supervisor coerced him into sex and demanded his

Dollar holds steady on safe-haven demand, ends down on the week

The dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal

France, Germany expand defence partnership as Europe seeks more military autonomy

The leaders of Germany and France pledged on Friday to deepen defence cooperation and counter intense economic competition from

Aston Martin says it is in talks for potential funding to boost liquidity

Luxury carmaker Aston Martin said on Friday it has ongoing discussions with potential financing providers, following a media report that it is in talks with lenders including

Private credit roundup - Discounts show the cost of getting out

Pressure in private markets is showing up in an uncomfortable place: the gap between what funds say their assets are worth and what investors may have

US regional banks brush off war jitters with lending surge, fee boost

U.S. regional banks including U.S.

California AG Rob Bonta says a CNN spin-off wouldn’t resolve Paramount–WBD lawsuit

California AG Rob Bonta says a CNN spin-off wouldn’t resolve Paramount–WBD lawsuit

Consumer sentiment surges due to lower gas prices

Consumer sentiment surges due to lower gas prices

Nasdaq, S&P 500 drop 1% after China’s latest AI breakthrough rattles tech stocks

Nasdaq, S&P 500 drop 1% after China’s latest AI breakthrough rattles tech stocks

Chile storms kill three, displace hundreds as heaviest rains expected

Heavy rains sweeping central and southern Chile have left three people dead in addition to power cuts, multiple floods and road closures, authorities said Friday.

Andy Burnham is declared leader of UK's Labour Party, pledges to restore hope

Andy Burnham has been officially declared leader of Britain’s governing Labour Party, clearing his final hurdle to taking office as prime minister next week

Botswana says Anglo picks De Beers buyer, weighs options for "optimal structure"

Anglo American has chosen a preferred buyer for its stake in diamond producer De Beers, with Botswana weighing whether to exercise its right of first

EU plans measures to help EU banks build scale and compete with US rivals

The European Commission aims to limit political interference in European Union banking mergers and remove obstacles to cross-

Zoox recalls self-driving cars because they may not detect smoke

Amazon.com self-driving car unit Zoox said Friday it will recall its fleet of 105 autonomous vehicles because they may not detect heavy smoke and

Andy Burnham becomes British Labour leader; next stop — prime minister

Andy Burnham, nicknamed the "King of the North", was elected leader of Britain's governing Labour Party on Friday,

US import prices unexpectedly rise in June

U.S. import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods,

US equity funds suffer outflows as chip stocks slide

U.S. equity funds recorded outflows in the week through July 15, as a selloff in chip stocks and rising U.S.-Iran tensions, outweighed strong corporate earnings and cooler

Apple unseats Nvidia to become world's most valuable company as AI bets shift

Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors

Wall St opens lower as chip rout extends; Netflix slides

Wall Street's main indexes opened lower on Friday, with a reassessment of this year's AI-fueled rally by investors deepening a selloff in chip stocks and a weak forecast from

What is Pakistan military's strength and capability?

Pakistan has been negotiating an expanded defence pact with Kuwait in exchange for energy cooperation and investment, according to five sources with knowledge of the

Pakistan and Kuwait discuss expanded defence pact, sources say

Pakistan has been negotiating an expanded defence pact with Kuwait in exchange for energy

Latvia in talks with strategic investor for ailing airBaltic, PM says

The Latvian government is negotiating with a strategic investor for struggling state-controlled airBaltic, Prime Minister Andris Kulbergs told Reuters, as

The Trump administration’s global campaign against ‘radical left terrorism’ is built on a national security memo without congressional approval

Almost a year after President Trump authorized preemptive law enforcement measures based on political or ideological beliefs, a wave of terrorism prosecutions against left-wing protesters has begun.

Autocracies get more repressive when opening up their economies – a political scientist explores why

Economic globalization was supposed to encourage democracy around the world. But sometimes the opposite happens.

Latin American governments prepare for El Nino as drought, floods and heat loom

Governments across Latin America are stepping up preparations as El Nino strengthens across the Pacific, raising concerns about drought, extreme heat, flooding and wildfire risk

What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education

The government is kicking in $1,000 for babies born in calendar years 2025 through 2028.

Alphabet, Intel results in focus for AI trade as US earnings rev up

U.S. corporate earnings season gathers steam in the coming week as Alphabet and Intel are set to offer updates that could sway the market-leading AI

Casino earnings put focus on dealmaking amid slower sector growth

By Megavarshini G.

Indonesia central bank says it is monitoring banking liquidity

Indonesia's central bank on Friday said it was monitoring the distribution of liquidity in banks to ensure lenders have a liquidity level that supports stability as well

Travelers sails past profit estimates on lower catastrophe losses

Property and casualty insurance giant Travelers swept past Wall Street estimates for second-quarter profit on Friday, boosted by lower catastrophe losses and

How a dispute over e-commerce firm Coupang is testing US-South Korea ties

South Korea's decision to fine e-commerce firm Coupang over a data leak has drawn criticism from Washington and raised questions about the country's

Fifth Third reports rise in quarterly profit on higher interest income

Fifth Third Bancorp reported a rise in second-quarter profit on Friday, helped by higher net interest income and fee growth in capital

World Cup beer sales are hopping. Brewers hope the stout demand outlasts the tournament

The World Cup has been a bonanza for beer in the United States

Truist's quarterly profit rises on strength in investment banking and trading

Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled

Brazil unveils credit package for rural sector hit by U.S. tariffs 

Brazil's government has authorized nearly 13.3 billion reais ($2.6 billion) in extraordinary credit for rural development programs, debt-refinancing initiatives, and

Rubio expected to discuss Trump-Xi summit in Asia meetings

U.S.

Netflix tumbles as slowing growth, less viewership data spook investors

Netflix shares sank more than 10% on Friday after the company forecast another quarter of slower revenue gains and scaled back viewership data, fueling

Chinese airlines order 95 Airbus jets with list price of $17.8 billion to expand fleets

Three Chinese airlines will buy a combined 95 Airbus aircraft for a total list price of about $17.8 billion, as carriers in the world's second-largest

Intuitive Surgical falls as Obamacare concerns rekindle medtech demand debate

Intuitive Surgical shares slid about 13% to hover near their lowest in more than two years on Friday after the surgical robot maker warned that

Andy Burnham bets political future on remaking Britain's centralised state

Andy Burnham, Britain's next prime minister, is staking his premiership on a goal that has eluded most British

From maternal health to influenza rates, gaps in CDC’s public health data are creating dangerous blind spots for disease tracking and prevention

By interfering with how communities collect data and how researchers access it, the CDC risks undermining the hard-won trust needed for effective public health.

Andy Burnham will be Britain’s seventh leader in a decade. Can he buck the trend?

Andy Burnham will be Britain’s seventh leader in a decade. Can he buck the trend?

Salmon fishing returns to Sacramento River after 3-year closure as restoration efforts continue

Salmon fishing returns to Sacramento River after 3-year closure as restoration efforts continue

America had a love affair with ‘fixer-upper’ homes. That may be over

America had a love affair with ‘fixer-upper’ homes. That may be over

Iranians suffer new uncertainty and anxiety as US steps up attacks

A new wave of U.S. attacks on Iran has plunged Iranians back into deep uncertainty and anxiety after a period of relative calm while a shaky ceasefire

Tech selloff weighs on European shares ahead of ECB meeting next week

A global rout in tech stocks dragged Europe's equity benchmark slightly lower on Friday, leaving investors on edge as they

SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler

U.S.

Global equity funds draw inflows for the eighth week on earnings optimism

Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S.

Key moments from Trump’s speech claiming declassified documents show US election vulnerabilities

Key moments from Trump’s speech claiming declassified documents show US election vulnerabilities

US says it is 'deeply concerned' by PNG closure of Taiwan office

The United States is "deeply concerned" by reports that Papua New Guinea has ordered the closure of Taiwan's representative office in the country, the State Department said

Japan's ruling party warns about suspected collusion between activist investors and private equity

Japan's ruling party raised concerns on Friday over suspected collusion between activist investors and buyout funds in take-private deals

How Korean stocks turned from trusty bellwether to AI frenzy

Billions of dollars in leveraged bets on South Korea's AI darlings have warped a stock market once revered as a

Burberry's Europe sales hit by Iran war while US and China grow

Burberry said conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand's shares down more than 6% on Friday even

Volvo Cars sees stronger second half despite steep China decline, rising costs

Volvo Cars on Friday forecast that profits would recover in the second half, even as the Swedish carmaker warned of rising key raw material costs and an

Back to square one: Five questions for the ECB

The European Central Bank meets again on Thursday, with oil prices back at the top of the worry list for policymakers.

Wars shift focus from jets to weapons at giant Farnborough Airshow

Spiralling security risks are expected to push defence to the forefront of Britain's Farnborough Airshow

Shein secures nod from Hong Kong listing committee for IPO, sources say

Shein has won approval from the Hong Kong stock exchange listing committee for an IPO, three people with knowledge of the matter said on Friday, bringing the fast-

Chipotle is entering the land of the taco. Will Mexicans bite?

With balloons, confetti and optimism, U.S.-based Cal-Mex food chain Chipotle on Thursday opened its first restaurant in the country,

'Bloodbath': Analysts react to Asian shares sinking on tech selloff

Asian markets slid sharply on Friday, with equity benchmarks in Japan and Taiwan falling as much as 6%, as a global rout in technology stocks accelerated.

Lagarde, Google and Messi chase their goals

Earnings season kicks into gear this week with Alphabet, the first of the so-called hyperscalers, set to report, while the European Central Bank looks set to hold rates after a

Japan PM vows to pursue steps to encourage domestic investment by GPIF

Japanese Prime Minister Sanae Takaichi said on Friday the government will pursue steps that encourage investment in domestic financial assets by households

China calls US visa regulations 'discriminatory', threatens countermeasures

China on Friday urged the United States to withdraw its new "discriminatory" visa regulations and said it reserves the right to take reciprocal countermeasures.

Among AI crowd, some investors position for slower hyperscaler spending growth

The parabolic rally in AI chipmakers has run into turbulence amid concern about valuations and the sustainability of their bumper revenues, with some

JERA begins study on US listing as it steps up overseas expansion, sources say

JERA, Japan's biggest power generator, has begun a feasibility study for a U.S. listing as it explores means of expanding overseas and

China's Moonshot unveils world's largest open AI model, closing in on US rivals

Chinese AI startup Moonshot on Friday unveiled Kimi K3, a 2.8 trillion-parameter model that it said is the world's largest open-weight AI system and

Truckmaker Volvo's second-quarter profit rises, North America orders jump

Swedish truckmaker Volvo Group reported on Friday a 35% rise in second-quarter profit and said order intake in North America more than doubled after years of sluggish

Saab profit beats forecast as defence boom spurs surge in orders

Swedish defence and aerospace group Saab reported a bigger-than-expected rise in operating earnings for the second quarter on Friday as booming demand

China's oil imports have plunged during the Iran war. How much will they recover?

For five years, China imported an average of 11.5 million barrels of oil per day. Since April, it has averaged just 8 million bpd.

Taiwan must heed calls to share responsibility for 'collective defence', president says

Taiwan must heed international calls to share the responsibility for "collective defence", President Lai Ching-te said on Friday, appealing for

A simple pair of glasses is helping productivity gains in some Bangladesh garment factories

In Bangladesh, a simple pair of reading glasses is transforming the lives of garment workers like Ruma Aktar

US military says it completed latest strikes on Iran, marking 6th consecutive night of attacks

The U.S. military said late on Thursday it completed its latest wave of strikes on Iran that were carried out at President Donald Trump's direction

Yen likely to weaken past 170 before Japan's growth bet pays off, RSM's Brusuelas says

The yen may weaken to 170 per dollar and beyond before fruits of the government's stimulus plan engineer a reversal, said RSM US chief economist Joe Brusuelas

Japan to leave monetary policy tools to BOJ in economic blueprint, document shows

Japan's government will state in its economic blueprint that decisions on specific monetary policy tools should be left to the Bank of

Databricks secures funding round at $188 billion valuation

Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion. 

Trump threatens to revoke licenses of US networks for not carrying primetime speech

Two of the three major U.S. television networks and CNN did not broadcast a prime-time address on Thursday by President Donald Trump on their primary

Chipped away

A look at the day ahead in European and global markets from Rae Wee The global chip rout extended into Friday, with stocks in Taiwan and Japan bearing the brunt of the beating, while South Korean

Japan June core inflation seen at 1.6% on elevated energy prices: Reuters poll

Japan's core consumer inflation probably picked up in June from the previous month due to elevated energy prices, as well as technical factors including revisions to medical

Andy Burnham, a mayor from England's north, is poised to become Britain's next prime minister

Andy Burnham is about to become Britain’s 59th prime minister, following the sudden downfall of Labour Prime Minister Keir Starmer

To air or not to air? Nation's TV networks struggle to find the right balance for Trump speech

To air or not to air

China's top airlines warn of heavy losses ahead of uncertain summer

China's biggest airlines enter the peak summer travel season facing a more challenging outlook after warning of heavy first-half losses, with weakening

Coles ends talks with TPG Capital over Greencross buy, shares jump

Australia's Coles Group said on Friday it had ended discussions with U.S. private equity firm TPG Capital over a potential acquisition of Greencross Pet Wellness, sending its

Maine Democrats’ first debate laid bare their difficulty in replacing Graham Platner

Maine Democrats’ first debate laid bare their difficulty in replacing Graham Platner

PayPal board sees Stripe-Advent offer as inadequate, sources say

PayPal’s board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent International as undervaluing the company and facing

Fed may need to hike rates if inflation does not ease soon, Jefferson says

Federal Reserve Vice Chair Philip Jefferson on Thursday suggested he would be open to raising interest rates if there is no near-term

North Korean leader Kim Jong Un hosts senior Chinese official Wang Huning

North Korean leader Kim Jong Un held talks with China's fourth-highest-ranked official, Wang Huning, the state-run Korean Central News Agency reported on Friday, the latest

Netflix earnings forecast disappoints Wall Street, shares tumble

Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-

Trump threatens new Iran escalation and risks repeating old mistakes

President Donald Trump has ramped up U.S. air strikes on Iran and threatened broader escalation, but there is little sign that a military strategy

China bets on faster state-backed projects to shore up growth, avoid broad stimulus

China can stabilise economic growth this year by accelerating already-budgeted national infrastructure investment projects, economists and one government adviser said, reducing the

Quiet U.S. pullback in Eastern Europe sparks wider allied worries

As Estonia's Defence Minister Hanno Pevkur prepared to fly to the NATO summit in Ankara this month, he revealed to local journalists that several hundred U.S. troops

Brazil readies 'tough' response to new Trump tariffs, sources say

Brazil's government convened top ministers on Thursday to prepare retaliatory measures against Washington's latest tariffs, with options including

Speaker Johnson suffers humiliating political defeat, yanks veterans benefits bill

Speaker Johnson suffers humiliating political defeat, yanks veterans benefits bill

Trump firm plans to sell priority access to Truth Social posts, possibly his own

President Donald Trump's media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets

National Guard deployment to DC will last through Trump's term

President Donald Trump’s deployment of National Guard troops to the nation’s capital is being extended by more than two years and will last until the end of his term

US House Republicans push forward on Trump funding plan for Iran war, election overhaul

Republicans in the U.S.

US refiner margins hit new records as fuel shortage concerns grow

U.S. refiner margins registered a fresh record high for the third consecutive session on Thursday, as low stockpiles and worsening tensions in the Middle

US tariffs on Brazil are a bitter pill for sugar and ethanol makers

Brazil's ethanol and sugar producers on Thursday despaired at the imposition of new 25% tariffs on Brazilian goods by the U.S.

Nuclear fuel firm Standard Nuclear falls in NYSE debut after slashing IPO size

Standard Nuclear's shares slid about 10% in their New York Stock Exchange debut on Thursday after the company slashed its offering size by

Dollar firms as US-Iran tensions renew oil price risk

The dollar clung to gains against major peers on

Coca-Cola says fairlife halts US production after cyber attack

The Coca-Cola Company said on Thursday that fairlife, LLC, a dairy company it owns, temporarily suspended production operations in the U.S. after unauthorized access to parts of

Trading Day: Sinking chips  

A shakeout in U.S. semiconductor stocks tanked the tech-heavy Nasdaq on Thursday as AI jitters spread globally, while solid U.S. economic data

Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases

Slumping AI stocks drag down markets around the world

Drops for computer chipmakers and other AI winners dragged down stock markets worldwide

Truth Social will sell Wall Street quicker access to posts

Truth Social will sell Wall Street quicker access to posts

Trump cites national security to stop offshore wind development. Here's what to know

President Donald Trump's administration has worked to stop offshore wind development on the grounds it’s a national security risk since late last year, halting work on major projects and buying back leases

Ontario seeks federal support for evacuations as wildfires devastate remote Canadian towns

Ontario requested federal assistance to evacuate people from remote northern Canadian communities ravaged by wildfires on Thursday, as smoke brought poor air quality to

Brookfield-backed Csquare valued at $3.2 billion in NYSE debut

Brookfield-backed data center provider Csquare's shares opened marginally lower before closing 1.57% lower in their New York Stock Exchange

Oil settles lower, but remains near one-month high on U.S.-Iran tension

Oil prices settled about 1% lower on Thursday but remained near their highest level since mid-June as the Iran war escalated, with Tehran asking Yemen's

Citadel Securities invests $400 million in Crypto.com at $20 billion valuation

Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever

US to revive rule that could deny green cards to immigrants using public benefits

The U.S. government is reviving a rule that could deny permanent residency to immigrants who use public benefits such as food stamps and Medicaid, the Department of Homeland

Wall Street ends lower as chip weakness offsets solid earnings, economic data

Chip stocks pulled the Nasdaq and the S&P 500 lower on Thursday as they continued to lead broader market moves despite generally upbeat

Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports

Alphabet's Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as the tech giant works to improve its capabilities, particularly

US imposes new 25% tariffs on Brazil, expands exemptions list

The U.S. will hit Brazil with new 25% duties on its furniture, ethanol, machinery, footwear,

Iran and US step up attacks, release of American in dispute

Iran and the United States exchanged intensifying fire on Thursday in a week-long escalation that has largely

Trump administration revives rule that could deny green cards to immigrants who use public benefits

The Trump administration is reviving a rule that could deny green cards to immigrants who use public benefits that could include food stamps, Medicaid, housing vouchers and more

Trump's teleprompter operator on unpaid leave for alleged prediction market bets on Trump speeches

The White House says President Donald Trump's teleprompter operator is on unpaid leave after reports that he used his inside knowledge to make bets about the president's speeches on the online prediction market Kalshi

Brazil calls Trump’s 25% tariff unjust and vows to impose reciprocal tariffs

Brazil has criticized a new U.S. tariff on certain Brazilian imports and says it plans to impose reciprocal tariffs

‘Let’s get back to work’: Karoline Leavitt returns to the briefing room podium for the first time since maternity leave

‘Let’s get back to work’: Karoline Leavitt returns to the briefing room podium for the first time since maternity leave

Hopes for US-Iran diplomacy still alive as fighting intensifies over the Strait of Hormuz

Fighting between the U.S. and Iran has intensified

Ghost gun company ordered to pay $100M in the death of a Kentucky teen in historic verdict

A ghost gun company has been ordered to pay over $100 million in the death of a Kentucky teenager who had purchased the company's pistol-building kit online

Forgotten bank accounts, baseball cards and a Reds signed ball turned up in Iowa treasure hunt

Forgotten bank accounts, baseball cards and a Reds signed ball turned up in Iowa treasure hunt

Trump's Labor nominee touts experience and fraud prevention as he seeks confirmation

President Donald Trump’s nominee to run the Department of Labor is trying to win over U.S. senators

Trump's pick to lead TSA calls private airport screening program 'pro-worker,' vows to help workers

President Donald Trump’s nominee to lead the Transportation Security Administration addressed a Senate confirmation hearing Thursday

US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees

U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.

Chipmakers put pressure on equity indexes globally, oil dips

Equity indexes around the world fell on Thursday as investors offloaded heavy-weight chip stocks while the U.S. dollar and Treasury

US lawmakers seek a crackdown on solar imports they say dodge duties

A bipartisan group of U.S. lawmakers on Thursday urged the Trump administration to crack down on imports of what they say are partially finished solar cells that are being used to

Fed's Logan calls for 'modestly higher' interest rates 

Dallas Federal Reserve President Lorie Logan on Thursday became the first of Fed Chairman Kevin Warsh's new colleagues to call publicly for an interest-rate hike,

Fed's Schmid: Inflation is "concerning" and the focus of setting policy right now

Inflation is proving persistent across a broad range of goods and services, and remains the focus of monetary policy given a stable labor market,

Latvia boosts security at dam, gas storage facility due to Russian threat, PM says

Latvia has increased security around a hydroelectric dam upstream from its capital Riga and at a huge underground gas storage facility due to intelligence

Uber in $15 billion deal for Delivery Hero to create global takeout giant

Uber agreed on Thursday to buy Germany's Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group

Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year

The average long-term U.S. mortgage rate climbed this week to its highest level in nearly a year, driving up borrowing costs for prospective homebuyers

Repeated storms are turning disaster recovery into a way of life, and leaving communities facing disaster fatigue

Increasing flash flooding is exhausting communities as they’re hit again and again.

Ukrainians protest Zelenskyy's ouster of his popular defense minister

President Volodymyr Zelenskyy shook up his wartime government, drawing thousands into the streets across Ukraine to protest the dismissal of his youthful defense minister, Mykhailo Fedorov

Trump’s teleprompter operator under investigation for insider trading, sources say

Trump’s teleprompter operator under investigation for insider trading, sources say

Mortgage rates hit highest level since the start of the war with Iran

Mortgage rates hit highest level since the start of the war with Iran

Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court

The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth

Most Gulf area economies face deeper downturns this year on Hormuz disruption

Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling

Armenia seizes company from opposition leader charged with fraud

Armenia has seized control of a cement company owned by an arrested opposition leader, state media said on Thursday, as critics accuse Prime Minister Nikol

US business inventories increase moderately in May as sales accelerate

U.S. business inventories increased moderately in May amid continued strength in sales, pushing the inventories-to-sales ratio to the lowest level since late 2021.

Lower gasoline prices restrain US retail sales, underlying momentum remains

U.S. retail sales rose slightly in June as lower gasoline prices weighed on receipts at service stations, but motor vehicle purchases accelerated and

United sees little demand hit from higher fares, expects pricing gains to hold

United Airlines said on Thursday higher fares had caused minimal to no damage to travel demand, bolstering its confidence that pricing gains can help it absorb nearly $6

Hungary government reports Orban-era IT contracts to police

Hungary's government said on Thursday it sent a report to police about the suspected misuse of public funds during purchases of educational software made by the previous

Nigeria central bank chief signals caution on easing next week

Nigeria's gradual slowdown in inflation has opened the door to interest-rate cuts, but external shocks have complicated the outlook, Central Bank Governor

Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price

Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering

Lebanon, Syria to reset trade ties, economy minister tells Reuters

Lebanon and Syria will in the coming months begin revising decades-old trade agreements to revive their economic relationship following the ouster of Syrian

US agency denies Tesla petition to avoid recall fix over headlight issue

The National Highway Traffic Safety Administration on Thursday said it was denying a 2024 petition filed by Tesla to avoid a recall fix for nearly

How Uber, Delivery Hero and rivals stack up in global food delivery

July 16 - Uber will buy Delivery Hero in a deal valuing the German firm at $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition.

What remains of the Iran deal as fighting rages

There is now a yawning gap between the preliminary deal signed between the United States and Iran less than a month ago and the situation on the ground

US tariffs shake up Brazil's presidential race as candidates trade blame

The tariffs the Trump administration imposed on Brazilian goods on Wednesday thrust Washington into Brazil's October presidential election, reviving

Chinese filing implies DeepSeek valuation of around $52 billion

Chinese luggage maker Anhui Korrun said on Thursday a fund it invested in deployed 2.9 billion yuan for an indirect 0.8265% stake in DeepSeek, implying

Need for speed? Driving above the speed limit costs you — and doesn't actually save much time

Racing to work, to pick up your children from school, or go from one errand to the next not only wastes money and sends harmful emissions into the air, it barely saves you time, new research says

US weekly jobless claims fall; labor market remains stable

The number of Americans filing claims for unemployment benefits fell last week, pointing to continued labor market stability.

Micron signs deals with Qualcomm, others for AI-powered automobile chip components

Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage

Wall Street regulators propose new e-delivery for investor disclosures

The U.S.

IMF says new Bangladesh programme talks ahead, sees growth slowing

The International Monetary Fund said on Thursday that its staff team had concluded a visit to Bangladesh at the government's request and that discussions on the parameters

Council of Europe warns five EU states of rights risks in return hub plans

Europe's leading human rights watchdog urged five EU nations on Thursday to fully protect the rights under international law of rejected asylum seekers they aim to deport

GE Aerospace says it is supporting Boeing's 787 production ramp-up

GE Aerospace CEO Larry Culp said on Thursday that shipments of GEnx engines for Boeing's 787 Dreamliner had risen sharply, pushing back against

US pending home sales slump in June amid affordability challenges

Contracts to purchase previously owned U.S. homes fell more than expected in June as higher mortgages and house prices pushed prospective buyers to the sidelines.

German state minister says higher tariffs could boost Chinese interest in VW plant

The European Union should consider raising tariffs on cars made in China to increase pressure on Chinese automakers to partner with European manufacturers such as

Abbott raises 2026 profit forecast on strength in diagnostics, medical devices

Abbott beat quarterly estimates and raised its annual profit forecast on Thursday, as strong demand for its cancer diagnostics business and

US home builder sentiment falls in July amid affordability challenges

U.S. homebuilder sentiment unexpectedly fell in July, weighed down by economic uncertainty and high mortgage rates amid conflict in the Middle East, a survey showed on

Brazil instant coffee sector exempt from new US tariffs, protecting up to $2.5 billion in exports

Brazil's instant coffee is exempt from a new 25% U.S. tariff on Brazilian imports, a move eagerly awaited by the industry, which had previously been the only segment of

S&P 500, Nasdaq open lower as chip stocks weaken

The S&P 500 and the Nasdaq opened lower on Thursday as chip stocks weakened again, while investors parsed fresh economic data for clues on the health of the economy.

Starbucks defeats shareholder lawsuit over US, China sales declines

A federal judge dismissed a lawsuit accusing Starbucks of defrauding shareholders by intentionally concealing declining sales in the United States and China, its largest markets.

Gas is nearly $4 again and diesel just topped $5. It’s not what you think

Gas is nearly $4 again and diesel just topped $5. It’s not what you think

Triathlon unites to increase its popularity closer to the level of tennis and golf

Triathlon is taking action to try to boost its popularity in hopes of bringing it closer to the level of tennis and golf

Zelensky faces protests over ousting of Ukraine’s defense minister despite military gains

Zelensky faces protests over ousting of Ukraine’s defense minister despite military gains

When can a power company take your land for data center infrastructure?

Courts have long let utilities seize private property to build transmission lines. Does that hold if the power flows to a single data center?

Retail sales up just 0.2% in June, but excluding business at the gas pump, shoppers are resilient

Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite economic uncertainty as they bought cars and took advantage of summer sales events

I’ve spent years studying economic data. These Americans taught me what ‘affordability’ really means

I’ve spent years studying economic data. These Americans taught me what ‘affordability’ really means

Trump Accounts have launched. Here’s what families need to know

Trump Accounts have launched. Here’s what families need to know

Retail sales last month rose less than expected

Retail sales last month rose less than expected

US weekly unemployment claims fall to 208,000, fewest in 10 weeks

Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low

A perfect storm of factors is driving up US produce prices, but shoppers can still save

US shoppers are seeing higher fruit and vegetable prices thanks to trade tensions, extreme weather and geopolitics, just to name a few reasons.

Nike out of World Cup contention as Adidas-outfitted teams head to final

Nike's swoosh will be notably absent from the World Cup final.

AtaiBeckley surges after report Lilly poised to buy psychedelic drug developer

AtaiBeckley shares soared 50% premarket on Thursday after a report that Eli Lilly was in talks to acquire the psychedelic drug developer as soon as this week.

Israel economy shrank 3.8% in first quarter amid Iran war

Israel's economy shrank an annualised 3.8% in the first quarter, the Central Bureau of Statistics said on Thursday, in its third estimate in which growth was hurt by

Wall St banks' Q2 saw deal fees, trading windfall boost profit

Wall Street's biggest banks found few reasons to complain this earnings season.

Ukraine parliament approves energy executive Koretskyi as new PM

Ukraine's parliament voted on Thursday to appoint energy executive Sergii Koretskyi as prime minister, the third since the start of Russia's invasion in 2022.

Shein IPO faces lower valuation as e-commerce crackdown starts to bite

Shein's ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong IPO are likely to face a tough test from

France flags 2027 budget squeeze as defence and debt costs surge

France's government plans to sharply restrain most public spending growth in 2027 as rising defence outlays and borrowing costs consume an increasing share of the budget,

Nigeria to track poverty, incomes as government seeks proof reforms are working

Nigeria plans to publish indicators tracking poverty, incomes and inequality as President Bola Tinubu's government seeks to show that economic reforms are

Damp Squib

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Another day, another test for chip stocks.

US probes Samsung for alleged infringement of Netlist's memory-chip patents

U.S. trade regulators have launched a probe into Samsung Electronics' memory chips and products sold by Google, Nvidia, Broadcom and Super Micro Computer that use them following a

Shortsellers take aim at manufacturing in June amid supply chain stress, Hazeltree data shows

Global hedge funds bet heavily against manufacturing stocks in June, data from Hazeltree shows, as investors grew more concerned about

ECB to hold rates now but energy price resurgence points to September hike: Reuters poll

The European Central Bank will hold interest rates on July 23 but will hike for the second time this year in September as a renewed energy price surge

Citizens Financial's quarterly profit jumps on interest income, fees boost

Citizens Financial Group posted a higher second-quarter profit on Thursday, helped by higher net interest income and fee growth in wealth and capital markets businesses.

BMW appoints new HR chief as it moves ahead with cost-cutting drive

BMW has appointed Dorothea von Boxberg as its new board member for human resources, the German carmaker said in a statement on Thursday, outlining her experience in "

State Street's quarterly profit jumps 56% on strong fee income

Custodian bank State Street reported a rise in profit on Thursday, driven by a jump in fees earned from managing client assets.

Euro zone yields rise, gap between German and US borrowing costs smallest in a month

The gap between German and U.S. 10-year borrowing costs sat near its narrowest in a month on Thursday as the escalation of fighting in the Gulf sent euro zone

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries

Boeing is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner, company executives said,

U.S. Bancorp posts record quarterly revenue on loan growth boost, BTIG buy

U.S.

Iran tells Houthis to close Red Sea gateway if US hits power network, sources say

Iran has asked Yemen’s Houthi movement to stand ready to close the Red Sea oil route if the United States strikes Iranian

UnitedHealth regains earnings momentum, shares surge

UnitedHealth Group on Thursday delivered the quarterly financial report investors have been looking for, beating Wall Street's second-

Lilly enters psychedelic drug race with up to $3.8 billion AtaiBeckley deal

Eli Lilly will buy AtaiBeckley for up to $3.8 billion, the company said on Thursday, joining a race among pharma majors to develop psychedelic

GE Aerospace sees repair demand holding up despite aviation fuel shock

GE Aerospace raised its 2026 profit forecast on Thursday as demand for engine repairs and spare parts held up despite high fuel prices and

Heavier cattle, more markets: Argentine ranchers target beef exports 

Higher global beef prices and new trade deals under President Javier Milei are encouraging Argentina's ranchers to

Hawaii Health Department's enforcement of hemp retailers is helping compliance

Hawaii Health Department's enforcement of hemp retailers is helping compliance

EU forces Google to share search data and open Android to rival AI companies

The European Union has issued new rules for Google, requiring it to share search data and open its Android system to rival AI companies

UK nationalizes Chinese-owned British Steel to protect nation's steelmaking capacity

The U.K. government has nationalized British Steel to protect the nation’s steelmaking capacity

European shares notch modest gains as Mideast war tempers earnings cheer

European stocks posted slim gains for the third straight session on Thursday, as caution over the Middle East war kept

Russia and Ukraine strike vessels in Black Sea, wheat prices jump

Ukraine and Russia launched missile and drone attacks on Thursday on vessels in the Black Sea and the Sea of Azov, stepping up hostilities in a zone vital for grain

What are leveraged ETFs and how are they driving South Korean markets?

Single-stock leveraged ETFs, launched in the United States in 2022, have boomed in Asia as a way to juice bets on South Korean chipmakers Samsung

Space startup funding holds near record highs as SpaceX IPO draws new investors

Global investment in space startups was near record levels in the second quarter, buoyed by investor enthusiasm following SpaceX's nearly $86 billion initial public

Zabka hits record high after report Seven & i nears stake purchase

Japanese retail giant Seven & i Holdings is in the final stages of talks to take a stake in Polish convenience store operator Zabka Group, the Nikkei business daily reported

Who is Ukraine's new prime minister, Sergii Koretskyi?

Ukraine's parliament approved top energy executive Sergii Koretskyi as the country's new prime minister, the third wartime head of the government appointed in a wider

US announces new 25% tariffs on Brazil for ‘unfair’ trade practices

US announces new 25% tariffs on Brazil for ‘unfair’ trade practices

UK's Burnham takes small-town regeneration to the national stage as PM

For Britain's next prime minister, Andy Burnham, a sprawling car park in the centre of a former cotton-manufacturing town in

Russia's 2026 budget deficit may exceed plans by $12.85 billion due to higher spending

Russia's federal budget spending and deficit could exceed official plans by more than 1 trillion roubles ($12.85 billion) in 2026, according to the data from the

India ask its seafarers not to take Hormuz voyages

India has ordered shipowners, ship managers and recruitment companies not to deploy the country's seafarers on vessels undertaking trips through the Strait of Hormuz

Sodexo bets on North America to drive growth recovery

French food caterer Sodexo said on Thursday it expects faster revenue growth from 2027 as it seeks to revive performance through stronger

TSMC to invest another $100 billion in US as Q2 profit blows past forecasts

TSMC, the world's main producer of advanced AI chips and a major Nvidia supplier, pledged on Thursday to invest a further $100

Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity

Major Taiwan computer chipmaker TSMC says it plans to spend another $100 billion on expanding its manufacturing capacity in the United States

Research about global fishing shows value of detailed environmental data, which the Trump administration seeks to limit

Detailed data is useful for understanding and addressing environmental effects on people’s lives in ways that become difficult or impossible if only the broadest and blurriest picture is developed.

Azerbaijan at 'real peace' with Armenia but wants it to change constitution

Azerbaijan and Armenia are at "real peace" and rebuilding trade links after decades of conflict, a senior Azerbaijani official told Reuters,

TSMC Q2 profit jumps 77% to record, far surpasses expectations

TSMC, the world's largest contract chipmaker, posted a 77% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a record, riding the wave of

SpaceX selloff an ominous sign as lockup expiry looms

The dip in SpaceX's shares below its blockbuster IPO price of $135 a share is an ominous sign for Elon Musk's internet and rocket company as it faces more

Iran war leaves crisis-weary European airlines ready for a shakeout

As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs

Britain's Ocado shares hit 13-year low on lack of progress on winning new US partners

Shares in British technology and online grocery group Ocado tumbled to a 13-year low on Thursday after it failed to show tangible progress in talks to secure

UK economy claws back some growth as Burnham prepares to take power

Britain's economy eked out minimal growth in May as the services industry expanded but other sectors shrank, suggesting fragile

Officer resigns after video shows takedown of wrong teen that left him with broken arm

Officer resigns after video shows takedown of wrong teen that left him with broken arm

Trump is taking longer to approve disaster aid and denying Democratic states more frequently

Americans are waiting longer for disaster aid under President Donald Trump, with delays often lasting weeks or months

US launches new wave of strikes against Iran, military says

The U.S. began conducting a new wave of strikes against Iran on Thursday at 2 p.m. ET (1800 GMT) to "further degrade Iranian military capabilities," U.S.

China's Xi to outline AI diplomacy vision at key Shanghai forum

Chinese President Xi Jinping is expected to outline an ambitious vision for China's role in global AI governance at a forum on Friday, as Huawei showcases

Ex-Federal Reserve adviser sentenced to prison for lying about China ties

A former senior adviser to the U.S.

Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy

Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring

Fewer vessels travel through Hormuz after US resumes blockade

Fewer vessels travelled through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iranian ports with both countries

BOK hikes rates for first time in 3-1/2 years, signals more

South Korea's central bank raised its benchmark interest rate for the first time in three-and-a-half years on Thursday and flagged more to come

This AI, it will make a profit, right?

A look at the day ahead in European and global markets from Stella Qiu The monstrous rally in Asian chipmakers this year is hitting a rocky patch.

Japan household inflation expectations rise, build case for BOJ rate hikes

Japanese households' inflation expectations crept up and the ratio of those expecting prices to rise a year from now hit a record high, a quarterly central

China's record consumer defaults undermine Beijing's push to boost spending

Jack Chen has never defaulted on a loan since he began borrowing to cover expenses during his internship days, but his credit report now carries a red flag because of his

China's rare earth curbs endanger $6.5 trillion of Western industry, IEA says

The full implementation of China's rare earth export restrictions could put $6.5 trillion of downstream production outside the country at risk, the International Energy

US launches multiple strikes on Iran, which retaliates against US targets in region

The U.S. launched two waves of attacks on Iran's coastal defenses and missile sites on Wednesday after reimposing a naval

New Zealand, Fiji renew five-year partnership

New Zealand and Fiji signed a renewed five-year Duavata Partnership on Thursday, setting out cooperation priorities for 2026 to 2030 across trade, security, democracy,

Top officials in Arizona's Maricopa County agree on how to oversee elections, ending a legal battle

Election officials in Arizona's most populous county now agree on how to jointly oversee the vote

Energy costs are high and unaffordable – what utilities, governments, communities and you can do to help save consumers money

There are opportunities at every level of the US energy market to save consumers money – if governments, companies, communities and individuals choose to act.

BOJ may face pressure to ramp up bond-buying if yields spike, ex-central bank policymaker says

The Bank of Japan may face political pressure to ramp up bond buying if the benchmark 10-year yield breaks above the key 3% threshold and puts Premier Sanae

Search suspended for 3 missing after boat with family spreading ashes capsizes on San Francisco Bay

U.S. Coast Guard crews have suspended their search for three people missing after a boat sank in San Francisco Bay near Alcatraz Island

JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'

JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns

China and Xi are seen more favorably than the US and Trump in many nations, new survey says

The world has largely viewed the U.S. more favorably than China for years, but those opinions now have flipped in Beijing’s favor

Tesla driver accelerated into house in fatal Texas crash, NTSB says

The driver of a Tesla Model 3 that killed a 76-year-old woman when it ploughed into her home at high speed in Katy, Texas in June had overridden the

As Fed Chair Warsh sticks to policy silence, colleagues voice their views

Federal Reserve Chairman Kevin Warsh this week declared his determination to bring inflation down without hinting at how, even as colleagues publicly laid out their

Airbus in talks to sell jets to Flynas, sources say

Airbus is in talks to sell more of its A330neo widebody aircraft to Saudi low-cost carrier Flynas, with an announcement possible as early as next week's Farnborough Airshow,

Nearly half of Japanese firms hurt by BOJ interest rate hikes - Reuters poll

Nearly half of Japanese firms are experiencing negative business impact from the Bank of Japan's interest rate hikes, with higher borrowing costs hurting

New UK PM faces $440 billion fiscal problem, think tank says

Britain's public finances are losing around £330 billion ($442 billion) a year due to weak economic growth, population ageing and ill health, according to estimates from a

Flooding forces evacuations in parts of South Texas as slow-moving storms swamp the region

The Texas Parks and Wildlife Department says more than 40 people have been rescued from high waters as heavy downpours drenching South Texas continue to raise the risk of flash flooding

US Mint will produce $1 coin with Trump's image, Treasury Secretary says

The U.S.

SpaceX shares slide below IPO price for the first time as blistering rally unravels

SpaceX shares dropped below their initial public offering price for the first time on Wednesday before closing just above that

US aviation industry urges Congress to provide $20 billion for air traffic control upgrades

The U.S. aviation sector urged Congress on Wednesday to provide $20 billion to complete a massive effort ​to modernize America's aging air traffic

US Senate undecided on bill to make daylight saving time permanent

The U.S.

Fujimori's mining push could spur unrest in Peru, study says

Peru's President-elect Keiko Fujimori could face new protests in mining areas as her government tries to spearhead large copper and other mining projects that

US House defeats bid to cut off Israel aid in vote dividing Democrats

The U.S.

Lawmakers cast doubt on Kathryn Ruemmler's testimony about Epstein ties

Goldman Sachs’ former top lawyer Kathryn Ruemmler is facing skepticism from lawmakers as she testifies about her ties to Jeffrey Epstein

US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthday

The U.S. Mint has started producing a new $1 coin featuring President Donald Trump to help celebrate America’s 250th birthday

Trump drifts into campaign topics while addressing defense technology gathering

President Donald Trump has addressed a defense summit at the U.S. Army War College, but he focused more on political themes than battlefield issues

Wall Street banks enjoy record windfalls from prime brokerage business

Wall Street's prime brokerage engine is humming and delivering handsome gains for the largest U.S. banks. 

OECD says global minimum tax boosted revenue, not job losses

(Corrects date in the first sentence to Wednesday not Tuesday.)

Busiest US container port sets cargo record in June

The Port of Los Angeles, the busiest U.S. container seaport, said on Wednesday it set a June cargo record as shippers ranging from retailers to data

Wall St ends higher on cool inflation data, strong earnings

Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put

Airbus, Boeing fly parts on giant Antonov jet to ease supply snags

Airbus and Boeing have in recent weeks chartered one of the world's largest cargo planes to speed up shipments of aerostructures for some civil

United warns of nearly $6 billion fuel hit as oil-price surge weighs on outlook

United Airlines said on Wednesday it expected nearly $6 billion in additional fuel expense this year compared with what it estimated at the start of

Concerns grow about tariffs in US sanctions bill on Russia

Potential tariffs in a U.S. bill imposing sanctions on Russia drew concern from Democratic lawmakers on Wednesday who said it

US stocks rise within 0.5% of their record, even as oil prices keep climbing

U.S. stocks ticked higher following strong profit reports from big companies

Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortune

Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein

An empty middle seat is the latest perk United Airlines will offer on some flights

United Airlines is trying to attract flyers with another luxury: an empty middle seat

US agency to vote to end 39% local TV station ownership cap

The chair of the Federal Communications Commission said Wednesday the agency will vote to rescind the 85-year-old rule that bars broadcasters from

Trump criticizes New York data center moratorium

U.S.

Outgoing Trump watchdog faces Democrat fire over handling of consumer agency

Russell Vought, President Donald Trump's outgoing interim consumer finance watchdog, on Wednesday sparred with congressional Democrats over his

Brazil government now expects 2026 inflation to be above central bank's target

Brazil's government raised its inflation forecast for this year to 5.1% on Wednesday from 4.5% projected in May, putting consumer prices above the central bank's target

Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years

Amazon veteran Dave Brown, a senior vice president in Amazon Web Services and member of the elite internal group advising CEO Andy Jassy, is

Economic activity rising and inflation easing slightly, Fed survey shows

Federal Reserve policymakers preparing for their next policy meeting in two weeks got a fresh snapshot on Wednesday of a broadly improving economy, with employment on

Uber nears €12.5bn deal to acquire Delivery Hero, FT reports

Uber is set to take over Delivery Hero in a deal valuing the German food delivery company at about €12.5 billion ($14.34 billion), the Financial Times reported on Wednesday.

Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation

Some ships refusing US-military guided Hormuz transits after attacks, sources say

Shipping companies are avoiding using a U.S. military-guided transit scheme through the Strait of Hormuz after a wave of Iranian

Chile's Codelco expects flat copper output in coming years, chairman says

Chile's state-run copper miner Codelco expects production in the coming years to stay similar to current levels, chairman Bernardo Fontaine said on

US House panel unveils $95 billion plan to fund defense, parts of Trump's voter ID bill

A Republican-controlled committee in the U.S.

US says it issued sanctions to disrupt Iran's weapon procurement

The U.S government issued sanctions on Wednesday targeting individuals and entities that it said were a part of an international network helping Iran procure weapons.

Wall Street banks point to resilient US consumer as loan growth picks up

Wall Street's largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest

Stocks rise after soft US inflation reading with Middle East in focus

MSCI's global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong

EU accepts action plan by Elon Musk's X to become more transparent

The European Union, which fined Elon Musk's social media network X €120 million ($137.2 million) last year, said on Wednesday it had accepted an action plan by X to

PayPal can push Stripe to dig deeper in its wallet

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok NEW YORK, July 15 (Reuters Breakingviews) - Stripe's digital deal wallet is a little light.

Oil prices make small gain on smaller US inventory draw

Oil prices rose slightly on Wednesday, reacting to stronger-than-expected inventory and largely shrugging off a new wave of U.S. attacks against Iranian military

Fed's Cook says she is prepared to act soon if inflation does not begin to slow

U.S.

Goldman counsel Ruemmler says she would have reported Epstein if she knew he abused women

Goldman Sachs senior counsel Kathryn Ruemmler told members of Congress in a closed-door hearing on Wednesday that if she had

France faces debt surge unless spending curbed, report says

France faces a sharp deterioration in its public finances over the rest of the decade unless policymakers act quickly to curb spending, an independent report commissioned by

US money market funds turn defensive with Fed rate outlook uncertain

Money market funds are taking a more cautious approach in their portfolios, reflecting lingering uncertainty about the U.S.

Citigroup estimates revised after bank flags higher expenses, stock tanks

Analysts revised estimates for Citigroup on Wednesday after the bank's management surprised investors and forecast higher expenses in the second half

House Republicans unveil a $95 billion plan for the Iran war, farm aid and elections

House Republicans have unveiled a $95 billion plan focused on boosting defense, aiding farmers and enacting stricter voter registration rules

Paramount and Warner Bros. expect a delay in closing the deal

Paramount and Warner Bros. expect a delay in closing the deal

Former Obama White House attorney says ‘it was a mistake’ to deal with Epstein and she regrets it

Former Obama White House attorney says ‘it was a mistake’ to deal with Epstein and she regrets it

¿Cómo las ranitas coquí jóvenes equilibran las demandas de crecimiento y de combatir enfermedades?

Un nuevo estudio rastrea cómo las ranas jóvenes equilibran la energía entre crecer y combatir infecciones.

IMF strategy chief calls for price stability, credibility in shock-prone world

The International Monetary Fund's strategy chief urged government officials on Wednesday to focus on medium-term fiscal frameworks and

J&J medtech miss overshadows earnings beat

Johnson & Johnson said on Wednesday that its medical device unit underperformed in the second quarter, even as strong sales of Tremfya for

Morgan Stanley beats estimates on strong trading and dealmaking, bets on AI investment

Morgan Stanley beat Wall Street estimates for second-quarter profit on Wednesday, posting record revenue driven by strong deals activity, while

Apple chasing AI chip company deals, The Information reports

Apple is looking to buy chip companies to bolster its efforts to make server processors for running AI, The Information reported on Wednesday, citing people familiar with the

US producer prices post largest drop in 14 months; inflation risks still tilted to the upside

U.S. producer prices unexpectedly fell in June, posting their biggest decline in 14 months amid a pullback in the cost of energy products, further

Dollar falls after cooling producer prices, Middle East escalation in focus

The dollar fell against major currencies on Wednesday after softer-than-expected U.S. producer prices reinforced signs of easing inflation, bolstering

Trump's pick to head Bureau of Labor Statistics clears key Senate hurdle

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

Wall Street's investment banking machine firing on all cylinders

A broad revival in investment banking is taking hold on Wall Street, fueled by a surge in IPOs, mergers and debt issuance.

UK's incoming prime minister Burnham to name Mahmood as finance minister, FT reports

Andy Burnham is set to name interior minister Shabana Mahmood as his finance minister when he becomes Britain's prime minister next week, the Financial Times reported on

White House weighs extending Jones Act waivers as Iran conflict raises price concerns

The White House is weighing another extension of waivers allowing foreign ships to transport goods between U.S. ports as renewed conflict with Iran raises

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul

Johnson unveils $95 billion plan for defense spending and Trump’s elections overhaul

Trump rescinds toll plan for ships in Strait of Hormuz

President Donald Trump on Tuesday rescinded the decision to impose a 20% toll for cargo moving through the Strait of Hormuz, saying it will be replaced by Gulf state investments in the US.

Amazon will launch its satellite internet in South Africa, seemingly beating Musk in his homeland

Amazon says that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027

Biden will publish 'Promise Me, America' memoir after the November midterm elections

Former President Joe Biden plans to publish his memoir, "Promise Me, America," this fall

Anglers encouraged to catch, keep fish in Northern Colorado reservoir as water levels to dry up

Anglers encouraged to catch, keep fish in Northern Colorado reservoir as water levels to dry up

Strait of Hormuz-style crisis looms for Russia as Ukraine forces shutdown of a key waterway

Strait of Hormuz-style crisis looms for Russia as Ukraine forces shutdown of a key waterway

Wall St opens higher as investors weigh earnings; PayPal jumps

Wall Street's main indexes opened higher on Wednesday, as investors weighed softer-than-expected producer inflation data and a flurry of corporate earnings, while PayPal surged on

Brazil services activity shrinks 0.4% in May, missing forecasts

Services activity in Brazil fell 0.4% in May from April on a seasonally adjusted basis, government statistics agency IBGE said on Wednesday, missing economists'

Celcuity shares fall as launch delay eclipses US approval for breast cancer drug

Shares of Celcuity fell nearly 19% in morning trading on Wednesday, as the delayed commercial launch of its newly approved breast cancer drug and label concerns

Ukraine says it will protect ports to maintain export volumes after attacks

Ukraine will do everything possible to protect its seaports and guarantee grain exports at no less than last season's level, its deputy economy minister,

Five cloud business groups urge EU interim measures against Broadcom

The Cloud Infrastructure Services Providers in Europe (CISPE) has joined forces with four other trade groups to urge EU antitrust regulators to suspend

Buffett says his children are ready to distribute his fortune, calls Bill Gates' Epstein ties 'distasteful'

Warren Buffett said he found fellow billionaire Bill Gates’ association with the late sex offender Jeffrey Epstein “distasteful,” but decided to stop donating

Conagra reviews non-core assets after slashing dividend, issuing weak outlook

Conagra Brands is reviewing its non-core assets, the packaged food maker said on Wednesday, after it issued a weak profit forecast and halved

Bank of Canada holds rates, says the economy is growing again

The Bank of Canada left its benchmark overnight rate unchanged at 2.25% on Wednesday as widely expected and said growth would

Stripe, Advent offer to buy PayPal for more than $53 billion, sources say

By Milana Vinn July 14 - Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments

Merz reaches out to AfD voters before pivotal German regional election

German Chancellor Friedrich Merz appealed to supporters of the far-right Alternative for Germany (AfD) to judge his government on its merits ahead of an election in

Fed Chairman Warsh questioned about independence from Trump

Federal Reserve Chairman Kevin Warsh said the Fed will continue to set interest rates without considering politics during his first congressional testimony on Tuesday. Democratic Rep. Nydia Velázquez of New York asked the new Fed leader if he works for Trump, to which he responded: “We’re an independent central bank.” He reiterated that view in an exchange with Democratic Rep. Gregory Meeks of New York, who pressed Warsh on how he would respond if Trump “publicly pressures you to pursue a different course” than that warranted by economic data.

Starmer says his political journey is over at his last question session as UK leader

Keir Starmer has answered questions from lawmakers in the House of Commons for the last time before leaving the British prime minister's office next week

US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy

U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook

Nuclear fuel firm Standard Nuclear slashes US IPO size by more than half

Standard Nuclear slashed the size of its proposed U.S. initial public offering by more than 50% on Wednesday, joining a string of companies that have scaled back their valuation

BNY lifts 2026 revenue forecast above estimates after quarterly beat

BNY raised its 2026 revenue forecast above Wall Street expectations on Wednesday after trouncing estimates for second-quarter results,

Electra taps Safran for 250 turbogenerators to power hybrid-electric EL9

Electra said on Wednesday it has signed a production agreement with France's Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft

EQT sweetens pursuit of Australia's Perpetual with $1.75 billion bid

Australia's Perpetual said on Wednesday it received a sweetened A$2.5 billion ($1.75 billion) takeover proposal from Sweden's EQT AB, less

How a Houthi blockade in the Red Sea tightens Iran's grip on global energy supplies

Yemen's Iran-aligned Houthis will impose a maritime blockade on Saudi Arabia, they said on Monday, further throttling a global energy market already greatly restricted by Iran's

UN warns Sudan gum arabic trade helps sustain civil war

The United Nations human rights office on Wednesday called on states, businesses and parties linked to Sudan's globally-relevant gum arabic industry

Fed's Williams: "Unquestionably too-high" inflation may soon subside

While inflation is "unquestionably too high," there are reasons to believe it may have crested and should soon start subsiding, and U.S. monetary policy is

Dimon-led JPMorgan poised to become world's first $1 trillion bank

Jamie Dimon's two decades at the helm of JPMorgan Chase have rewritten industry record books and the Wall Street giant is now within striking

Wholesale inflation improved as energy prices fell last month — but relief may be temporary

Wholesale inflation improved as energy prices fell last month — but relief may be temporary

This is how to stretch your new car buying dollars in 2026, according to Edmunds

Car buyers looking to save money in 2026 can stretch their budgets by shopping strategically

China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO, sources say

Chinese AI startup DeepSeek is planning to launch a fresh fundraising round at a valuation of about 500 billion yuan ($74 billion) ahead of a potential mainland

SpaceX's slide below IPO price risks turning blockbuster IPO into confidence test

SpaceX's slip below its initial public offering price risks turning a marquee stock-market debut into a confidence test, potentially unsettling retail

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

Brazilian President Luiz Inacio Lula da Silva has widened his lead over right-

BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows

BlackRock's second-quarter profit outpaced Wall Street estimates on Wednesday as a stock market rally lifted the value of client assets

Trump presses defense executives to boost weapons production

President Donald Trump urged top defense executives on Wednesday to accelerate weapons production and expand

ASML financial guidance includes Terafab plans, CFO says

Top computer chip equipment maker ASML said its capacity expansion plans in 2027 and 2028 unveiled on Wednesday along with second-quarter earnings take into account

Brazil braces for new U.S. tariffs as Washington broadens trade push, sources say

Brazil is bracing for the United States to impose a new 25% tariff on thousands of its imports after months of intensive but largely unproductive

European shares eke out slim gains on luxury rebound even as war risks persist

European shares ended Wednesday with slim gains as a strong rebound in luxury stocks countered weakness in telecom and

Revamp of 'core' PCE measure could help Fed estimate underlying inflation, research says

The U.S.

JPMorgan expands EMEA corporate banking business in latest push on regional rivals

JPMorgan has launched an expansion of its corporate banking business in Europe, the Middle East and Africa as it seeks to grow income and claim market

Netflix's next growth chapter hinges on keeping viewers hooked

Netflix is under pressure to reassure investors about its growth strategy when it reports second-quarter results on Thursday, as its user engagement has

In US West, drought pits farms against towns, industry in scramble for water

In Arizona, dead fish lie in the dry bed of a reservoir.

Next Israel government must halt rise in debt burden, central bank  chief says

Whoever wins the election in Israel later this year must rein in defence-led state spending that has grown in recent years and invest more in education,

Melting core

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A torrent of new information hit markets on Tuesday, with a mostly

M&T Bank's second-quarter profit lifted by interest income growth

M&T Bank posted a rise in second-quarter profit on Wednesday, driven by higher interest income and trust income.

PNC Financial posts record quarterly revenue on capital markets windfall, FirstBank buy

U.S. bank PNC Financial reported record quarterly revenue on Wednesday, boosted by robust capital markets activity and its acquisition of regional lender FirstBank.

UK economy needs budget discipline, OECD says as Burnham prepares for power

Britain must maintain its budget discipline, tackle high pension spending and address soaring energy prices to speed up its economy, the OECD said on

Canadian home sales rise in June, prices unchanged from prior month

Canadian home sales posted a modest increase in June following a robust jump the previous month, and prices remained unchanged, data from the Canadian

Eyeing valuation jump, investors prep bids for chip giant CXMT's $8.6 billion IPO

Chinese investors seeking shares in CXMT's $8.6 billion IPO are betting the Chinese chipmaker's valuation will soar as much as 10-fold

Peru approves $2.8 billion budget hike ahead of Fujimori transition

Peru's Congress approved late Tuesday a $2.8 billion budget expansion to fund infrastructure projects, essential services and other purposes, offering

India-UK trade pact takes effect, cutting tariffs and boosting services trade

India and Britain's trade pact took effect on Wednesday, cutting tariffs on thousands of goods and expanding market access for

Cartier-owner Richemont's sales beat boosts luxury sector as jewellery shines

Cartier brand owner Richemont gave a boost to the broader luxury sector on Wednesday after the Swiss-based group comfortably beat sales forecasts for its

Spain's final 12-month EU-harmonised inflation at 3.6% in June

Spain's European Union-harmonised 12-month inflation rate rose to 3.6% in June, unchanged from the period through May, final data released by the National Statistics Institute (INE

Ugandan farmer Mukiibi steers Slow Food beyond its Italian roots

When Carlo Petrini founded the Slow Food movement in Rome in 1986 to protest the arrival of Italy's first McDonald's, Edward Mukiibi was not yet born.

ASML capacity upgrade soothes AI chip bottleneck fears

ASML, the world's dominant supplier of equipment needed to make high-tech computer chips, raised its 2026 sales forecasts on

Authorities restricting data centres amid AI boom

A growing number of governments, regulators and cities around the world are moving to freeze, restrict or ban new data centre construction, as concerns mount over electricity costs

UK's Dr Martens backs annual outlook on US wholesale demand

British bootmaker Dr Martens stuck to its fiscal 2027 outlook on Wednesday, citing encouraging wholesale demand in its largest market, the United States.

China's Q2 economic growth cools to 3-1/2-year low as imbalances worsen

China's economy expanded at its slowest pace in more than three years in the second quarter, missing forecasts, with

Japan PM Takaichi says draft economic blueprint not cause of bond market rout

Japanese Prime Minister Sanae Takaichi on Wednesday said she saw no link between her government's draft economic blueprint and a recent market rout that has driven Japanese

Intel turns to next-generation ASML tool to help make its laptop chips

By Max A.

ECB's Kocher sees currently no second-round effects from Iran war, but bank is ready to act

The European Central Bank currently sees no second-round effects from the U.S.-Israeli war on Iran, but is paying close attention to indirect price effects from the

It may be almost impossible to make data centers pay their ‘fair share’ of electricity costs

Setting a price for power might seem straightforward, but in reality it’s extremely complicated – and residential customers have very little influence in the decision.

China turns to electric taxis to soften Hormuz oil shock

China has an increasingly important buffer against oil price shocks: electric taxis.

Cambodian tycoon was landlord to Chinese scammers and human traffickers

A gambling empire controlled by a powerful Cambodian tycoon was the landlord of a compound that was used for

Big Blue's bad day raises the bar for ASML

A look at the day ahead in European and global markets from Tom Westbrook Europe's most valuable company and the top supplier of chip-making equipment reports on Wednesday with the AI rally getting

China misses growth target for first time since Covid as Iran turmoil roils global trade

China misses growth target for first time since Covid as Iran turmoil roils global trade

China new home prices fall at slower pace, but recovery doubtful

China's new home prices contracted at a slower pace in June, but the modest improvement is unlikely to result in a broad

Instant View: China's second-quarter economic growth misses market forecast

China's annual economic growth slowed sharply to 4.3% in the second quarter, official data showed on Wednesday, missing analysts' expectations as weak domestic demand and the oil

US House passes bill to make daylight saving time permanent

The U.S.

Iran-linked vessels pass through Hormuz ahead of US blockade

The number of vessels transiting through the Strait of Hormuz ticked up on Tuesday, with most of them linked to Iranian trade, before a U.S. blockade

Trump resumes Iran port blockade and threatens strikes on energy targets

President Donald Trump on Tuesday reimposed a naval blockade of all Iranian ports and

SK Hynix shares surge 13% on AI hopes as US tech stocks resume their climb

Shares in SK Hynix jumped nearly 13% in Seoul on Wednesday, tracking gains in U.S. tech stocks after softer-than-expected U.S. inflation data, while upbeat

Kuroda's negative rate surprise shocked his own BOJ board, minutes show

The Bank of Japan's shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a risky

AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk

By Max A.

Japan manufacturers stay upbeat on chip demand, services hit by costs

Japanese manufacturers' sentiment remained relatively upbeat in July, supported by solid semiconductor demand, while confidence among non-manufacturers

Maine Democrats, rattled by Platner's downfall, protest fatal ICE shooting

As bewildered Maine Democrats face a deadline to replace Graham Platner after his U.S.

The Trump team’s worst predictions about the Iran war

The Trump team’s worst predictions about the Iran war

College is unaffordable for many Americans – but don’t just blame rising tuition

College tuition has not significantly risen since 1990, at least compared to tuition changes over the previous decades.

Federal appeals court ends a decades-old school desegregation order in Louisiana

A federal appeals court has ended more than 60 years of federal oversight of a Louisiana school system that had been ordered to eradicate segregation

Cuba plunged into 3rd nationwide blackout in 2 weeks as fuel runs low

Cuba is suffering another nationwide blackout, leaving the entire country without power

White House launches AI cybersecurity clearinghouse

White House launches AI cybersecurity clearinghouse

Trump will speak on elections in primetime address after pushing debunked conspiracies

President Donald Trump will deliver a primetime address this week that he says will include a focus on elections

Writers Guild of America seeks to block Paramount's buyout of Warner in latest merger challenge

The Writers Guild of America has become the latest group to challenge Paramount’s $81 billion acquisition of Warner Bros

Iran appears to be preparing a major test of America’s blockade

Iran appears to be preparing a major test of America’s blockade

Why many older Americans are losing ground even with an 80-year-old president

Federal policy changes are likely to make life harder for many Americans of modest means as they age.

Foreigners bought $132 billion of U.S. securities in May, Treasury says

Foreign investors bought a net $132 billion of U.S. securities in May, the Treasury Department said on Tuesday in its monthly Treasury International Capital

ARC shareholders approve $16.4 billion Shell takeover deal

ARC Resources said on Tuesday its shareholders have voted in favor of being acquired by Shell, clearing another step for one of this year's biggest energy sector deals.

China's Q2 growth set to lose steam, stimulus to remain calibrated

China's economy likely cooled in the second quarter, with growth drifting toward the lower end of Beijing's annual target as an entrenched demand slump

Yum's Taco Bell removes select items, says no confirmed link to US cyclosporiasis outbreak

Yum Brands' Taco Bell said on Tuesday it had removed limited items from some restaurants as a precaution but said U.S. health officials have not linked the widening outbreak of

Trump administration sued by environmental groups for rescinding definition of 'harm'

The Trump administration was sued on Tuesday by nine environmental groups that said its recent decision to rescind a more than 50-year-old definition of "harm"

Australia to establish government AI office, curb data centres' water use

Australia will create an office at the heart of the government to manage the development of artificial intelligence standards and force

Top Fed officials embrace cooler inflation reading, clamor for more

Top Federal Reserve officials on Tuesday welcomed fresh data showing consumer price inflation cooled last month, but said they would need more such readings to feel

Lionsgate Studios attracts takeover interest from Bollore, Banijay, sources say

Lionsgate Studios, the entertainment company behind the "Hunger Games" and "John Wick" franchises, is exploring a sale and has attracted takeover

Misuse of driver-assistance systems biggest risk to road safety, survey finds

Motorists' misuse of driver-assistance technology and drivers being distracted by in-vehicle features, rather than mechanical problems, are the biggest risks for

US drivers may soon see pump prices climb back up to $4

Americans could soon see gasoline prices top $4 a gallon again as renewed hostilities between the U.S. and Iran have pushed energy prices higher by

Trump touts 'tremendous chemistry' with new Iraqi Prime Minister al-Zaidi during White House visit

President Donald Trump has warmly welcomed new Iraqi Prime Minister Ali al-Zaidi to the White House

House passes bill to 'ditch the switch' and make daylight saving time permanent

There will be no turning back the clock if the House has its way

House passes bill to make Daylight Saving Time permanent

House passes bill to make Daylight Saving Time permanent

Wall Street banks see AI 'super cycle' set to boost deals, financing

A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street,

PepsiCo's turnaround stutters as Americans rethink snacking

Americans built one of the world's great snacking cultures. Now PepsiCo is discovering just how fast that can shift.

Cuba's national electric grid collapses for the third time in July

Cuba's national power grid collapsed on Tuesday, the energy ministry said, marking the third major blackout in nine days on the island of about 10 million

Warren Buffett cuts off donations to Gates Foundation following Epstein revelations

Warren Buffett has stopped donating to the Gates Foundation, ending a two-decade philanthropic partnership following revelations about interactions between

Lucid rejects take-private, bankruptcy report after shares plunge

Lucid Group on Tuesday denied as "completely false" a blog post saying it was considering a potential take-private transaction or a Chapter 11 bankruptcy filing, after the electric

No. 1 pick Cholowsky agrees to a $10.35 million signing bonus with White Sox, AP source says

Roch Cholowsky has agreed to a contract with the Chicago White Sox that includes a record-breaking $10.35 million signing bonus after he was the No. 1 overall pick in last weekend’s amateur draft

Dept of Justice launches new trade fraud enforcement unit

The Department of Justice said on Tuesday it is creating a new global trade enforcement section of its National Fraud Division to investigate and prosecute criminal import

Nigeria to lead humanitarian response as UN support evolves, minister says

Nigeria plans to take on a bigger role in coordinating humanitarian responses inside the country, as it shifts away from a system led largely by international donors and U.N

US derivatives regulator blocks Kalshi from canceling Michigan trades despite court order

The top U.S. derivatives regulator said on Tuesday it was blocking the prediction market platform Kalshi from cancelling trades in Michigan after a court there ordered

US military says it is launching more strikes against Iran

The U.S. military said on Tuesday it was launching more strikes against Iran. The strikes began Tuesday afternoon Eastern Time, the U.S.

Writers Guild sues to block Paramount deal, saying it would hurt writers

The Writers Guild of America sued on Tuesday to block Paramount's $110 billion acquisition of Warner Bros Discovery, saying the deal would

US Russia sanctions bill eases threat of tariffs on China and India

U.S. senators on Tuesday unveiled an updated version of the Russia sanctions bill, championed by the late Senator Lindsey

Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities

MSCI's global equities index rose on Tuesday after softer-than-expected U.S. inflation data and strong bank earnings, while oil

US to launch AI and cybersecurity coordination group, White House says

The U.S. will formally bring together AI developers and essential services providers to share information on cybersecurity vulnerabilities identified

US judge blocks Trump administration's visa limits for social media researchers

A federal judge on Tuesday blocked U.S.

Inside the 24-hour sprint to convince Trump to drop his plans to toll Strait of Hormuz

Inside the 24-hour sprint to convince Trump to drop his plans to toll Strait of Hormuz

US stocks rise after data shows slowing inflation, even as IBM plunges

Stocks rose after a report showed U.S. inflation was not as bad last month as economists expected

Senate Democrats block $1 trillion defense bill in protest over Iran war

Senate Democrats have blocked a $1 trillion annual defense bill in protest of President Donald Trump’s war against Iran

Several dead in fire at Brussels construction site, authorities say

Several people have died in a fire at a construction site in Brussels on Tuesday, with a search for six missing persons ongoing, local authorities said.

Senators unveil sweeping Russia sanctions bill, urge passage in honor of Graham

Senators unveil sweeping Russia sanctions bill, urge passage in honor of Graham

Bipartisan group of senators introduces legislation to avert looming Social Security shortfall

Lawmakers in the Senate have unveiled a bipartisan proposal to address Social Security's looming insolvency

Subaru issues recall for 541,000 SUVs over label with incorrect weight rating

Subaru of America is recalling over 541,000 Crosstrek, Forester and Ascent vehicles in the U.S. due to an inaccurate label

Some questions that may come up during Fed chief Warsh's testimony to Congress

Federal Reserve Chairman Kevin Warsh heads to Capitol Hill on Tuesday to deliver his first congressional testimony since taking over as head of the U.S. central

Takeaways from Fed Chairman Kevin Warsh’s first congressional testimony

Takeaways from Fed Chairman Kevin Warsh’s first congressional testimony

ASEAN envoy meets Myanmar opposition groups in Thailand

ASEAN's special envoy on Myanmar held talks with ethnic minority rebel groups and a government-backed negotiation committee in an effort to tackle a civil war, with both sides

South Korea central bank to raise rates for first time in over three years on July 16: Reuters poll

South Korea's central bank is expected to raise interest rates on Thursday for the first time in more than three years and deliver another increase by the

Indonesian free meals operators protest moratorium on new kitchens

Thousands of Indonesian free meals kitchens complained on Tuesday they had been left in the lurch by the government's move to scale down President Prabowo Subianto's

Can US Senator Lindsey Graham's Ukraine initiatives survive without him?

For Ukraine and its supporters, the sudden death of U.S.

US small-business sentiment rebounds in June, inflation a major worry for many

U.S. small-business sentiment increased in June, but the share of owners reporting that inflation was their "single most important" problem was the highest in nearly

US schools, research advocates urge withdrawal of proposed rule on federal grants

Top U.S. universities and research advocates urged President Donald Trump's administration on Monday to withdraw a proposed rule on federal grants

Oil boils

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil boils again just as the June inflation report is set for release

AI startup Reflection signs over $1 billion computing deal with Nebius

AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia's latest chips.

S&P 500 futures turn positive after June inflation data

S&P 500 futures turned positive on Tuesday, as a softer-than-expected inflation reading fueled bets on a less hawkish Federal Reserve.

US state officials fear Paramount-Warner deal will squeeze local movie theaters

July 14 - U.S. states suing to block Paramount’s merger with Warner Bros Discovery argue that the deal could squeeze local movie theaters, which are still struggling to sell as many tickets as they

KPMG Australia to cut hundreds of jobs and reduce partner pay, AFR reports

KPMG's embattled Australia consultancy business is preparing to cut hundreds of jobs and reduce partner pay by as much as a fifth, the Australian Financial Review reported on

AI finance startup Flex doubles valuation to about $1.2 billion, source says

Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a

BP sees boost from energy prices in second quarter but flags $1 billion impairment

BP expects stronger oil and gas prices, robust oil trading and higher refining margins to lift second-quarter

Russia accuses Ukraine of terrorism in Sea of Azov as Kyiv opens new front in war

Russia on Tuesday accused Ukraine of terrorism over its escalating attacks on shipping in the Sea of Azov, a route that handles about a quarter of its grain exports.

Chemical tanker Stolt Magnesium hit by explosion off Omani coast, manager says

The chemical tanker Stolt Magnesium caught fire on Tuesday following the "explosion of an unidentified external device" as it was sailing in the Arabian Sea off the coast

Frontier joins airlines betting on Starlink to lure travelers

Frontier Airlines said on Tuesday it will launch in-flight Wi-Fi using SpaceX's Starlink satellite internet and start installing it across its fleet in early 2027.

BofA rides market whiplash to trading records, deal activity shines

Bank of America exceeded Wall Street estimates for second-quarter profit on Tuesday, as global market chaos fueled record trading, while a

After Hormuz, Iran turns to Red Sea gateway as new pressure point

Having choked off shipping through the Strait of Hormuz, Iran is now signaling it could play its most dangerous card yet: using Yemen's Houthi allies to

Former president Sall to visit Senegal as he campaigns for UN chief post

Former Senegalese President Macky Sall will travel to Senegal on Friday, his first public visit to the country since leaving office as he campaigns for the post of U.N.

S&P 500 and Nasdaq open higher as CPI, bank earnings take focus

The S&P 500 and the Nasdaq opened higher on Tuesday after softer-than-expected inflation data fueled bets that the Federal Reserve could take a less hawkish stance on interest

Traders expect Fed to skip July rate hike as inflation cools

Federal Reserve policymakers are far more likely to wait to increase interest rates than to do so later this month, traders bet on Tuesday, after a government report

Trump drops 20% fee plan for Hormuz Strait in favor of deals with Gulf states

U.S.

Ukraine to buy Rafale jets, air defence systems under France deal

Ukraine will use a European loan facility to buy next-generation Franco-Italian air defence systems and French Rafale fighter jets for the first time, while also securing

CPI comes in cool, soothing markets

U.S. consumer inflation slowed more than expected in June, easing anxiety in markets that have been edgy about the prospect of price pressures forcing Federal Reserve

Why is Oman proposing a new plan to manage the Strait of Hormuz?

Oman has delivered a proposal to Iran envisaging regional management of the Strait of Hormuz and only voluntary fees for transit rather than Tehran's vision of maintaining control

Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports

Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the matter.

China's DeepSeek considers raising more funds, reports say

Chinese AI startup DeepSeek is weighing raising new funds one month after closing its first round and has begun preparations for an initial public offering, according to media

ZTE among Chinese firms licensed to purchase Nvidia's H200 chips, documents show

A unit of telecoms gear maker ZTE Corp and two other Chinese firms are among the latest entities to receive U.S. approval to purchase advanced AI chips from Nvidia and AMD,

Perpetuals.com ends acquisition talks with Trump-linked crypto firm

Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World

BoE's Bailey says fresh Gulf clashes make outlook more unstable

Bank of England Governor Andrew Bailey said on Tuesday he was concerned about the resumption of hostilities between the United States

Thomson Reuters to sell 51% stake in global print business to KKR for $500 million

Thomson Reuters said it would sell a 51% stake in its Global Print business to KKR for about $500 million and form a venture with the private equity firm that would hold exclusive

Sudan risks deeper hunger crisis due to war, aid cuts and Hormuz disruption, says WFP

Sudan risks sliding backwards into deeper hunger as conflict, aid funding cuts and rising agricultural costs driven by disruption linked to the Iran

Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say

Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter,

Dollar slips after soft US inflation data

The dollar weakened against major currency peers on Tuesday after softer-than-expected U.S. inflation in June tempered expectations for U.S.

Wells Fargo beats profit on trading boom, loan growth 

Wells Fargo beat Wall Street estimates for quarterly profit, boosted by strong investment banking fees and as it doled out more loans after

Boeing records highest first-half deliveries since 2018

Boeing said Tuesday that it delivered 64 jetliners in June, compared to 60 the previous month and in June 2025. 

Fed's 'ample reserves' approach is a focus of Warsh's balance sheet review

The way the Federal Reserve has conducted U.S. interest rate policy for almost two decades is up for review by one of the task forces

JPMorgan's Dimon says CEO succession timetable unchanged after latest executive shuffle

JPMorgan's Jamie Dimon said on Tuesday that the timetable for his departure as CEO remained unchanged, in response to an analyst's question about the

IBM warns AI boom squeezing software budgets; shares sink in sector rout

IBM said it had "faltered" in keeping pace with a shift in corporate spending from software to data-center infrastructure and would take

Meta used AI to target workers with medical conditions for layoffs, lawsuit claims

Twenty-six employees of Meta Platforms have filed a novel lawsuit accusing the tech giant of using AI-powered software that disproportionately targeted people

S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

The S&P 500 and the Nasdaq advanced on Tuesday as solid big bank results and a cooler-than-expected inflation report boosted risk appetite

Ukraine's prime minister steps down; Zelenskiy's critics see little point

Ukraine's parliament accepted the resignation on Tuesday of Prime Minister Yulia Svyrydenko after just a year in office, despite complaints from lawmakers that

Brent oil structure changes to reflect mounting supply risk as Iran tensions flare

The price of Brent crude oil futures for prompt delivery rose on Tuesday to a one-month high over the price for oil six months later as traders priced in

Goldman Sachs profit tops estimates on trading boom, corporate deal spree

Goldman Sachs exceeded second-quarter profit expectations as dealmaking picked up and market volatility amid the U.S.-Iran war boosted

Trump says US will be doing a lot of deals with Iraq, taking a lot of oil out

President Donald Trump on Tuesday told reporters ahead of a meeting with Iraqi Prime Minister Ali al-Zaidi that the United States would be doing a lot of deals with

Delivery Hero confirms negotiations on possible acquisition by Uber

Delivery Hero confirmed on Tuesday that advanced negotiations were taking place with Uber Technologies on a takeover of the German food delivery company.

Fed's Warsh: Committed to both inflation and employment mandates

Federal Reserve Chairman Kevin Warsh on Tuesday said he is just as committed to the Fed's employment mandate as he is to the inflation mandate that he has repeatedly emphasized

Banks rake in big profits as both Wall Street and the US consumer stay strong

Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty

JPMorgan posts highest quarterly profit ever by a U.S. bank as dealmaking, stock trading surge

JPMorgan Chase reported a record profit for the second quarter on Tuesday, the highest ever posted by a U.S. bank in a quarter, according to LSEG

Key witness in US probe of Turkey's Halkbank avoids prison time

A key cooperating witness in the U.S. government's criminal investigation into Turkish state-run lender Halkbank's alleged role in helping Iran evade

Inflation cools more than expected in June as gas costs fall, underlying prices ease

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected

Delivery Hero confirms advanced negotiations with Uber over potential takeover offer

Delivery Hero said on Tuesday it was in advanced negotiations with Uber Technologies regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-

US consumer inflation moderates; upside risks remain amid renewed Middle East conflict

U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial

Trump says no one should be able to charge a fee for the Strait of Hormuz

U.S. President Donald Trump on Tuesday said he did not think anybody should be able to charge a fee for ships transiting the Strait of Hormuz.

UK banks' lack of Mythos access a wake-up call, says government AI adviser

UK banks' inability to access Anthropic's powerful AI model Mythos emphasises the urgent need for Britain to build its own AI capabilities and adopt a more

Buffett omits gift to Bill Gates' foundation after Microsoft cofounder's Epstein ties disclosed

Billionaire Warren Buffett omitted Bill Gates′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein

JPMorgan's Dimon says regulators should not set 'false' capital requirements

U.S. bank regulators should not set capital requirements in an artificially high way, JPMorgan Chase CEO Jamie Dimon said Tuesday, intensifying his

Citi shares fall as investor worry over expenses overshadows second-quarter profit beat

Citigroup beat Wall Street estimates as it reported surging trading revenues but its stock slid as investors worried about potentially worse

Wyden alleges RFK Jr. broke the law in calls urging Libertarians to quit Iowa races

Senator Ron Wyden has accused Health Secretary Robert F. Kennedy Jr. of breaking the law by urging third-party candidates to drop out of Iowa congressional races

Trump administration ends attempt to freeze $10B in federal funds for blue states

Trump administration ends attempt to freeze $10B in federal funds for blue states

Trump cuts to clean energy linked to $83 billion in delayed or canceled projects

Trump administration policies that scaled back federal support for clean energy have led to the cancellation or delay of $83 billion in

New York becomes the first state to impose a data center moratorium

New York became the first U.S. state on Tuesday to halt construction of large new data centers, imposing a one-year moratorium as concerns grow that the facilities

Wall Street bank earnings surge, lifted by trading and investment banking

Wall Street bank earnings powered ahead in the second quarter with a strong lift from fees for advising on mergers and

Fed chief Warsh vows to 'do my job' if challenged by Trump

U.S.

Oil prices rise 2% to one-month high as US-Iran attacks deepen supply disruption

Oil prices climbed about 2% to a one-month high on Tuesday after the U.S. reimposed a naval blockade on Iran, which will reduce oil flows from the region through

CVS settles with FTC, agrees to count TrumpRx drug purchases towards insurance

CVS Health's Caremark has finalized a settlement with the U.S.

Tracking traffic in the Strait of Hormuz, in maps and charts

Tracking traffic in the Strait of Hormuz, in maps and charts

New York won't build big data centers for a year as it weighs energy and climate risks

New York is blocking new large data centers that fuel artificial intelligence for up to a year to protect the environment and energy grid

Baseball union head criticizes MLB salary cap ad campaign, says claims of economic woe are perverse

The head of baseball's players' union criticized management for its salary cap campaign

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps

Trump task force uncovers more than $1 billion in trade fraud

Trump task force uncovers more than $1 billion in trade fraud

Warren Buffett drops Gates Foundation from his annual donations

Warren Buffett drops Gates Foundation from his annual donations

Florida’s school choice program offers universal vouchers but cannot show systemwide academic improvement

What has the Sunshine State learned from 27 years of school choice?

IBM is on pace for its worst day ever

IBM is on pace for its worst day ever

Building a long-term base on the Moon will require extensive planning – a planetary geologist describes the considerations that go into it

A lunar base could allow for research, economic activities and lunar mining. Such an operation has potential benefits, but lots of challenges await NASA.

Fed in the spotlight as Warsh faces Congress

A look at the day ahead in European and global markets from Gregor Stuart Hunter Asian markets are crumbling and Brent Crude is bubbling around $85 per barrel as U.S.

A hidden pipeline brings Amazon and Walmart to African shoppers

No bank card? No address? No problem.

Global investors turn most bullish since February, BofA survey shows

Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-

China tells some banks not to re-discount bills at rates below 0.5%, sources say

Chinese regulators have issued guidance to some banks barring them from conducting bill re-discount operations at rates below 0.5%, sources said on Tuesday, as regulators move to

BHP workers to proceed with strike after talks fail, union says

Hundreds of workers at BHP's Port Hedland iron ore operations are set to down tools on Thursday after workers and their elected representatives did not reach agreement

Watches of Switzerland sees robust US demand, signs of UK recovery

Luxury retailer Watches of Switzerland said on Tuesday that strong U.S. demand had carried into its new financial year, while the UK market showed encouraging signs of improvement,

UAE says Iranian missiles struck oil tankers in Strait of Hormuz, one sailor killed

One Indian crew member was killed and eight others were wounded when two Emirati oil tankers were struck by Iranian cruise missiles in the Strait of Hormuz,

German retailers warn of worsening business conditions as costs rise

German retailers are facing worsening business conditions as rising energy, labour and purchasing costs squeeze profits while sales remain weak, the

European shares rise as cool US inflation data curbs some rate hike fears

European shares ended higher on Tuesday, as a softer-than-expected U.S. inflation reading tempered some bets on a U.S.

Samsung Electronics denies report that it is exploring US listing

Samsung Electronics denied on Tuesday a report that it was in the early stages of exploring a potential U.S. offering of American Depositary Receipts (ADRs).

Darline Graham, sister of Lindsey Graham, chosen to fulfill remainder of his US Senate term

South Carolina Gov. Henry McMaster has named Darline Graham as her late brother Lindsey Graham’s temporary replacement in the U.S. Senate

Nvidia halves Asia buyer list in China chip crackdown, FT reports

Nvidia has more than halved the number of Asian customers authorised to buy its AI chips after introducing a "white list" of companies that passed tougher compliance checks to

US consumer inflation likely increased at a slow pace in June as gasoline prices retreated

U.S. consumer inflation likely slowed in June, but that would probably offer little comfort to households or rule out an interest rate increase from

More than 260,000 evacuated as Typhoon Bavi brings severe floods

The most powerful storm to strike mainland China this year forced more than 260,000 people to evacuate their homes in northeastern Liaoning province, as Typhoon Bavi

US says it has completed its latest wave of strikes on Iran

The U.S. military said late on Monday its forces have completed their latest wave of strikes on Iran that the U.S.

US government rescinds $10 billion freeze for 5 states governed by Democrats

The Trump administration's Department of Health and Human Services has rescinded a $10 billion freeze on child care subsidies and social services

South Korea forecasts 2026 economic growth at 5-year high on AI chip boom

South Korea pledged on Tuesday to swiftly advance artificial intelligence investments to bolster economic performance, as it raised its 2026 growth forecast to

TSMC seen riding AI boom to fifth straight quarter of record profit

TSMC, the world's largest manufacturer of advanced AI chips, will likely notch a fifth consecutive quarter of record earnings, driven by

Inside South Korea's world-beating bear market

When South Korean President Lee Jae Myung set a 5,000-point target for the KOSPI last year, it looked wildly ambitious

SoftBank's Son says AI will need $5 trillion per year by 2040, dismisses bubble talk

The development of AI will require investment of $5 trillion each year by 2040, and any talk of a bubble forming around the technology is "absurd", SoftBank

China smartphone shipments fall for fifth straight quarter as costs rise - IDC

China's smartphone shipments fell 4.3% to 66 million units in the second quarter from a year earlier, as many manufacturers hiked prices to

Chip toolmaker ASML expected to shine light on capacity and China challenges

ASML, the biggest supplier of equipment used to manufacture AI chips, reports quarterly earnings on Wednesday looking to justify its

China's exports ride AI boom as domestic economy struggles

China's exports surged in June, buoyed by orders for chips to fuel the global AI boom and automobiles, deepening producers' reliance on

BMW races to catch up in a Chinese EV market that won't slow down

BMW is betting on its long-awaited Neue Klasse electric cars to revive its fortunes in China after two years of declining sales.

Japan to clarify central bank independence in final economic blueprint, media says

Japan's government will insert a footnote in its economic blueprint referring to a clause in law stipulating the need to protect the central bank's independence in setting

Australia business conditions steady in June; mood improves

Australian business conditions were steady in June as cost pressures eased following a U.S.-Iran peace deal to end their conflict, a survey showed on Tuesday, although

U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz

The U.S. military carried out a third consecutive night of strikes against Iran on

China's June exports surge 27% from a year earlier as AI boom drives strong demand

China has reported its export picked up pace in June, jumping 27% from a year earlier thanks to strong demand from the boom in artificial intelligence

US attacks Iran and Tehran retaliates across the Middle East as both vie for control of strait

The U.S. has launched more strikes on Iran after President Donald Trump said Washington is “reinstating” a blockade on Iran in the Strait of Hormuz

FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz

A focal point of the Iran war is increasingly about who controls the Strait of Hormuz — a waterway that for decades was a relatively safe transit route for Middle East oil and natural gas supplies

Johnson gambles on ambitious summer agenda as GOP anxiety rises ahead of midterms

Johnson gambles on ambitious summer agenda as GOP anxiety rises ahead of midterms

4 people have been killed this year in shootings by federal agents linked to Trump’s immigration crackdown

4 people have been killed this year in shootings by federal agents linked to Trump’s immigration crackdown

Vault and Genesis agree to merge and create $8.71 billion Australian gold producer

Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia's third-largest gold producer with a market capitalisation of around A$12.6

Americans expect prolonged US-Iran war as ceasefire falters, Reuters/Ipsos poll finds

Four in five Americans expect the U.S. war with Iran to drag on for an extended period, according to a Reuters/Ipsos poll conducted as fighting escalated and

US House Democratic Women's Caucus urges USDA to reinstate women ousted from soybean board

The U.S. House of Representatives' Democratic Women's Caucus on Monday urged the U.S.

Argentina's YPF Electric Energy reveals revenue jump in US IPO filing

Argentinian power company YPF Electric Energy disclosed a 45.8% jump in quarterly revenue in its filing for a U.S. initial public offering on Monday, joining

US states tap private law firm Milbank to fight Paramount-Warner Bros deal

California said on Monday it has hired law firm Milbank to help with its lawsuit seeking to block Paramount’s merger with Warner Bros, gaining access

Baseball's All-Stars don't like MLB's salary cap proposal but say there's time to find a deal

Major League Baseball is facing a potential work stoppage over management's proposed salary cap

Lawsuit accuses BlackRock of overcharging mutual fund investors

BlackRock, one of the world's largest asset managers, was sued on Monday by investors who said it stuck them with higher management fees and tax bills

Venezuela's Rodriguez taps Washington envoy for new foreign ministry post

Venezuela's interim president, Delcy Rodriguez, on Monday said she had tapped the nation's envoy to the U.S. for a new post dealing with foreign relations and trade abroad.

Trump says the US will take out Pickaxe Mountain in Iran

U.S. President Donald Trump on Monday said that the U.S. would take out Pickaxe Mountain in Iran, as he warned that Washington would continue to hit the country hard.

California-led states sue to block Paramount’s $110 billion Warner Bros Discovery deal

California and 11 states sued to block Paramount's $110 billion acquisition of Warner Bros.

US lawmakers to vote on whether to make daylight saving time permanent

The U.S.

Jack Daniel's maker Brown-Forman CEO Lawson Whiting to retire

Brown-Forman CEO and President Lawson Whiting has decided to retire, the company said on Monday, but did not provide a timeline for his departure.

12 states challenge Paramount's takeover of Warner, say merger would 'extinguish competition'

Twelve states are suing to block Paramount’s takeover of Warner Bros

UN shipping agency opposes fees for any strait, after Trump plans Hormuz charge

The U.N.'s shipping agency said on Monday that it opposes fees on ships passing through maritime waterways but would await more details after U.S.

Tariff refunds push US June budget deficit to $120 billion

Growing refunds from President Donald Trump's tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S.

US to begin enforcing maritime blockade on Iran on Tuesday

The U.S. military will begin enforcing a maritime blockade on Iran on Tuesday, the U.S. Navy-led Joint Maritime Information Center (JMIC) said on Monday. 

Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows

Canada's federal banking regulator warned the country's

U.S. judge finds Trump misused court in IRS case, refers lawyers for discipline 

A U.S. judge on Monday found that President Donald Trump

Ukraine and allies set up coalition to tackle Russia ballistic missile threat

Ukraine and key Western allies on Monday announced an air-defence coalition that would include jointly developing a new anti-ballistic

Thomson Reuters to cut 'small number' of engineering jobs

Thomson Reuters on Monday said it is cutting "a small number of roles" in engineering, as the Canadian content and technology company aggressively deploys artificial intelligence

Oil prices jump following the latest fighting in the Middle East, while AI stocks sink

Oil prices jumped following a weekend of attacks in the Middle East, while slumping AI stocks weighed on stock markets

Trump backs Russia sanctions package spearheaded by Graham

Trump backs Russia sanctions package spearheaded by Graham

Trump offers US protection in the Strait of Hormuz for a 20% fee. How would that work?

Trump offers US protection in the Strait of Hormuz for a 20% fee. How would that work?

Venezuela's complex and contested debt puzzle

The scale of Venezuela's debt burden - and the mix of creditors holding it - will help determine the losses investors face in

Development banks' climate funding hits record, but World Bank pullback looms

Multilateral development banks committed a record $162.5 billion in climate financing last year, a report by the EU's lending arm showed on

Pentagon invests $25 million into rare earths startup ReElement Technologies

The U.S.

Oil up 9% to one-month high as US  says it will blockade entire Iranian coastline, all vessels

Oil prices settled up more than 9% on Monday at a one-month high after news that a United States' naval  blockade due to begin on Tuesday will cover

Fed's Waller says rate hike may be needed if core inflation stays hot

The U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target, Federal Reserve

Riyadh Air studies orders for 25-30 Boeing 787s and more Airbus, sources say

Saudi startup Riyadh Air is studying the purchase of between 25 and 30 more Boeing 787 Dreamliners by exercising most of its contractual options with the U.S.

Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop

Tech shares pulled U.S. stocks lower on Monday after President Donald Trump announced that he would reinstate a blockade on Iranian

Both Democrats and Republicans give millions to universities in earmarks – but not in the same way

Democrats tend to give less than Republicans when it comes to earmarked funding for universities – but they give more to minority-serving institutions.

Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risks

Hundreds of economists urge immediate action to address AI's potential impact on the economy

Why has the Iran-US ceasefire memorandum frayed?

Renewed U.S.-Iranian hostilities are eroding an interim agreement signed in June, reflecting disagreements over the Strait of Hormuz and other issues and underlining difficulties

Bosch begins sample production at its first US semiconductor plant

German auto component and chip maker Bosch is beginning sample production at its first U.S. semiconductor factory, the company said Monday, finalizing a $

Dollar edges higher on escalating US-Iran tension, yen slides on pension doubts

The dollar clung to modest gains on Monday, underpinned by escalating hostilities in the Gulf and hawkish comments from a Federal Reserve governor ahead

JPMorgan's Dimon questioned on whether he lobbied UK government on Epstein's advice

JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren about whether he lobbied the UK government against a tax on bankers'

Oil surges, stocks slip and bond yields rise as Gulf conflict flares up again

Oil futures surged nearly 9% on Monday and equities fell as conflict between the United States and Iran re-ignited over the weekend, once again

South Carolina governor names Graham's sister as temporary Senate replacement

Republican South Carolina Governor Henry McMaster on Monday appointed the sister of the late Senator Lindsey Graham to fill his vacant

California, 11 states suing to block Paramount's $110 billion Warner Bros deal

California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros.

S&P 500 and Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide

The S&P 500 and the Nasdaq opened lower on Monday, as a fresh escalation between the U.S. and Iran in the Gulf pushed oil prices higher and unsettled investors, while chip stocks

Macron calls go-it-alone defence strategies in Europe an 'absurdity'

French President Emmanuel Macron on Monday warned European countries against go-it-alone national defence policies, as governments ramp up military spending

California offering $3,500 EV rebates to first-time buyers

California Governor Gavin Newsom signed legislation on Monday creating state rebates of $3,500 on new electric vehicles for first-time buyers later

Bangladesh says IMF agrees phased approach to reforms under new programme

Bangladesh and the International Monetary Fund have agreed on the broad framework for a new lending programme, with reforms to be introduced gradually to reflect the country's

Ferguson to buy FloWorks from Wynnchurch Capital for $1.6 billion

Plumbing supplies distributor Ferguson Enterprises said on Monday it will buy FloWorks from private equity firm Wynnchurch Capital for about $1.6 billion in cash, strengthening its

Trump: Iran blockade reinstated, US to charge 20% on Strait of Hormuz cargo

President Donald Trump said on Monday that the United States was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the

U.S. bank regulators warn firms on lending to undocumented workers

Banks should be cautious of lending to people not legally authorized to work in the United States, as their income may be less reliable or they may be

Volkswagen CEO flags 50,000 extra job cuts to staff as costs squeezed

(Corrects story to delete extraneous word "boost" in the first paragraph.)

Hormuz traffic slows to two-month low as renewed US, Iran strikes raise safety risk

The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data

Part of roof blows off Philadelphia Housing Authority building during storm, residents evacuated

Part of roof blows off Philadelphia Housing Authority building during storm, residents evacuated

Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US

The Trump administration is cracking down on banks lending to people living in the U.S. illegally

Buttigieg urges Iowa Democrats to focus on affordability ahead of 2026

Buttigieg urges Iowa Democrats to focus on affordability ahead of 2026

Goldman lawyer Ruemmler to be questioned by House panel on Epstein ties

Goldman Sachs senior counsel Kathryn Ruemmler is set to face congressional scrutiny on Wednesday over her ties to Jeffrey Epstein, pushing the Wall Street

SK Hynix plunges after Nasdaq debut as memory chip euphoria cools

SK Hynix's Seoul shares posted their biggest one-day fall in nearly two decades on Monday, tumbling more than 15%, as

Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch

Global smartphone shipments fell 11% in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened

Intel announces $5.7 billion AI-driven capital investment in Ireland

Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global

Meta expands Louisiana data center to 5 gigawatts, investment crosses $50 billion

Meta said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50

China's premier urges 'objective' understanding of the economy

Chinese Premier Li Qiang called on Monday for "a comprehensive and objective understanding" of

Brazil's economy forecast to grow moderately after October presidential vote

Brazil's economy will keep growing moderately after October's presidential vote, a Reuters poll suggested, with a fall in farm output arising from

Iraq's prime minister seeks big energy investments on US trip

By Ahmed Rasheed and Muayad Hameed BAGHDAD, July 13 - Iraq's new prime minister, Ali al-Zaidi, aims to secure major U.S. investment in his country's oil, gas, and power sectors during a visit to the

Bank of America hires nine senior investment bankers to target US middle market

Bank of America said on Monday it has hired nine senior bankers across the United States to expand its regional investment banking footprint, as

Watches of Switzerland held talks over potential takeover offers, sources say

London-listed Watches of Switzerland Group has held talks in recent months over potential offers to take the luxury watch retailer

Cuba’s future remains in limbo while Trump’s unpredictable foreign policy offers no clear path forward

Cubans are living in a state of limbo, and it’s not clear that US military intervention would revitalize the Cuban economy.

2.6 million Americans lost health insurance in 2025 after ACA subsidies expired, leading to real health consequences

Research shows that losing coverage, even temporarily, tends to make people less healthy, and it exposes them to financial losses.

Trump wants new coal plants built in the US. The price tag could be astronomical

Trump wants new coal plants built in the US. The price tag could be astronomical

The next big races between moderates and progressives are in pivotal Midwestern states

August primaries in Michigan, Wisconsin and Minnesota will be another gauge of Democratic voters’ frustration with the establishment

ASEAN outreach may give Myanmar leaders legitimacy without results

ASEAN's re-engagement with Myanmar runs the risk of providing legitimacy to the military-led government and undermining the regional group's own plan to end violence in the war-

EU and partners launch $1 billion scheme to help Gaza recover from war

The European Commission and more than a dozen countries launched an initiative on Monday to deliver €883.6 million ($1 billion) in aid projects to help Gaza recover from

Crude up, chips down

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Crude oil prices rose on Monday morning after military

Austrian finance minister has cancer, plans to keep working

Austrian Finance Minister Markus Marterbauer has cancer and will undergo treatment for the next three months while remaining in office and continuing to work, he said in a

China aims to spur consumption in first five-year blueprint

China will aim for annual retail sales of around 60 trillion yuan ($9 trillion) by 2030 under its first five-year plan focusing on consumption, implying a slowdown in

Trump invested crypto gains in stocks and bonds, filings show

President Donald Trump’s financial disclosures show that even as he and his two eldest sons were encouraging investors to plow their money into crypto projects —

Brazil coffee faces El Niño headwinds, but crops more resilient

El Niño could cut Brazil's expected record harvest by up to a fifth, according to the Brazilian Coffee Industry Association (Abic), as excessive heat

Nobel laureates among more than 200 experts urging action on AI's economic impact

More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to

Inside one Havana apartment building as Cuba went dark

Most nights, Frank Alfonso sleeps on the roof to escape the suffocating heat during Havana's increasingly frequent blackouts.

India's retail inflation accelerates to 4.38%, raising rate hike expectations

India's retail inflation accelerated to 4.38% in June, government data showed on Monday, breaching the central bank's 4% target for the first time in 17 months and setting the

An emboldened India holds out for better terms in US trade talks

India and the U.S. did not reach a consensus on a trade agreement in recent talks, with New Delhi

Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity

American consumers — and the Federal Reserve — are being hit with another high-cost headache

Extreme heat threatens Italy's Parmesan heartland

Fifty years ago, farmers in Italy's Emilia-Romagna region used to open the windows in their barns at night during the

Wall Street banks ramp up digital assistants in bid to win productivity race 

Major banks are ramping up how they incorporate digital assistants in their daily operations, determining how such agents interact with

Asian tech firms seeking to follow SK Hynix may find foreign investors more selective

South Korean chipmaker SK Hynix may have had a rousing $26.5 billion U.S. share sale and market debut last week, but that owed

Global pension funds pull back on FX hedges as dollar woes ease

A solid U.S. dollar rally in 2026, driven by a hawkish Federal Reserve, has found support as global pension funds reverse hedges

European shares subdued as oil jumps after US-Iran tensions escalate

European shares were subdued on Monday as investors largely stuck to the sidelines after renewed tensions in the Middle East, while counting

Trend funds propped up by gold and silver in June, Societe Generale says 

Trend-following hedge funds edged only slightly into negative territory in June, as trades in gold and silver mostly offset losses in crude oil, coffee

Chip stocks hit rocky patch. What's next?

The rough start for U.S. chip stocks in July likely points to further volatility as investors wrestle with high valuations and questions about the longevity of the AI capex boom.

Strategy bitcoin sales shine light on faltering crypto hoarding companies

A move by Michael Saylor's bitcoin stockpiling company Strategy to authorize more bitcoin sales has once again shone a spotlight on a clutch of public

Bank of Canada set to hold rates as a rebound in growth offsets inflation worries

The Bank of Canada is expected to keep its key policy rate unchanged at 2.25% on Wednesday, as signs of an easing underlying price pressures give

AI demand is jacking up prices for iPads, Nintendo Switches and other gadgets. What experts say you should do

AI demand is jacking up prices for iPads, Nintendo Switches and other gadgets. What experts say you should do

Japan pension pivot seen as a slow burn, not a bond market fire sale

A pivot in Japan's massive retirement assets would likely manifest as a slow redirection of maturing debt rather than a fire sale

Stellantis vehicle shipments rise 10% in the second quarter, led by North America

Stellantis said on Monday preliminary second-quarter vehicle shipments rose 10% from a year earlier to nearly 1.6 million units, driven by strong growth in North America,

China's GDP growth set to slow, raising expectations for more stimulus

China's economy likely slowed in the second quarter after a solid start to the year, as weak domestic demand offset the boost from resilient exports during a

Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high

Korean Air Lines reported a 34% drop in second-quarter operating profit on Monday, as surging fuel costs weighed on earnings despite the carrier posting record revenue

No EU agreement yet on 21st Russian sanctions package, Kallas says

EU countries have yet to reach agreement on a broad 21st package of sanctions against Russia, but may decide on Monday to add 250 individuals and entities to their Russia sanctions

TSMC posts record revenue in second quarter on AI demand

TSMC, the world's largest contract chipmaker, reported on Monday second-quarter revenue that rose 36% from a year earlier to a record high on surging interest in artificial

US health watchdog expects $5.56 billion in recoveries and savings

The federal watchdog for the U.S. health department generated $5.56 billion in expected recoveries and projected savings over six months and barred

Japan has no plans to overhaul pension funds' asset allocation, sources say

Japan has no immediate plans to change target asset allocations of its state pension funds but could work within existing allowable ranges to direct more

Oil swept along on troubled waters

A look at the day ahead in European and global markets from Wayne Cole.

Iran expands attacks on Gulf states after US strikes, says Strait of Hormuz closed

U.S. and Iranian forces have exchanged heavy missile and drone assaults, with Tehran targeting U.S.

China June exports growth set to cool, but AI demand underpins overall strength

China's exports likely grew at a slightly slower but still-solid pace in June, as firms accelerated shipments to the U.S. ahead of possible new tariffs, rode the AI boom,

China’s 'Green Great Wall' tames desert growth, but scientists warn the fight is not over

For half a century, workers in northern China have been using a technique called "straw checkerboards" to combat desertification

NZ's Fonterra trims top end of annual milk price forecast on weak demand