Economy

European shares tread water as Iran uncertainty weighs, Rheinmetall slumps

European shares were muted on Wednesday as investors assessed developments in the U.S.-Iran negotiations, while defence group

Rubio says U.S. won't do anything that would undermine Gulf security

U.S.

Andy Burnham inches closer to power in Britain as Keir Starmer seeks a legacy

Andy Burnham is closer to becoming Britain’s next prime minister without a contest

Trump cancels signing of largest housing affordability bill in a generation

Trump cancels signing of largest housing affordability bill in a generation

Olympic athletes to get cash grants from new $100M fund created by IOC

The International Olympic Committee is to pay more than $100 million to athletes

Trump says Iran has told US no tolls being sought at Strait of Hormuz

U.S. President Donald Trump said on Wednesday that Iran has told the United States that no tolls were being sought from ships traveling through the Strait of Hormuz.

US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says

Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3% from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday.

Keiko Fujimori's expected victory returns divisive dynasty to Peru

Keiko Fujimori’s victory in her fourth bid for Peru's presidency returns a polarizing political dynasty to power, reviving deep divisions

Qualcomm to buy startup Modular for $4 billion in AI software push

Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across

Wall St subdued as tech steadies, Micron earnings in focus

Wall Street's main indexes were muted on Wednesday, after two straight sessions of declines, as technology shares steadied after a sharp sell-off this week and investors awaited

EU membership not the answer for Iceland, opposition leader says

Iceland's main opposition leader said European Union membership would not fix the country's economic problems or strengthen its security, making the

J.P.Morgan raises S&P 500 year-end target to 7,800, joins bullish trend

J.P.Morgan on Wednesday joined major Wall Street brokerages to raise its 2026 year-end target for the S&P 500 index, lifting it to 7,800, citing strong earnings momentum driven by

Bessent applauds reduction in Fed guidance, says 'dot plot' should be abandoned

U.S.

OpenAI unveils custom chip it designed with Broadcom to boost its AI infrastructure

By Max A.

US current account deficit widens more than expected in first quarter

The U.S. current account deficit widened more than expected in the first quarter amid a shortfall on the primary income balance, government data showed on Wednesday.

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Bullion-backed exchange-traded funds could face renewed outflows if investors continue to increase their bets on interest rate hikes, analysts say — a factor

SpaceX short selling bets increase after post-debut share selloff

Short sellers have increased their bets on further falls in the share price of Elon Musk's SpaceX after the stock's drop from highs scaled

US new single-family home sales post second straight monthly decline

Sales of new U.S. single-family homes unexpectedly fell in May, weighed down by higher mortgage rates and prices, dampening hopes for a housing

Apple-Intel chip deal makes strategic sense but production is years away

Apple turning to Intel for chips, as Washington announced last week, has the neat logic of necessity meeting ambition.

Romania's Social Democrats propose their own leader as prime minister in bid to avert snap election

Romania's leftist Social Democrats, parliament's largest party, said on Wednesday they would back their own party leader Sorin Grindeanu for prime minister, as parties

Rubio meets Gulf leaders, pledges security amid Iran deal doubts

U.S.

US dollar strengthens to 13-month high on Fed rate hike expectations

The U.S. dollar advanced for a third straight day on Wednesday to hit a 13-month high as markets braced for anticipated rate hikes from the Federal

Why Trump suddenly sounds a lot like Biden on gas prices

Why Trump suddenly sounds a lot like Biden on gas prices

Camp Mystic files for bankruptcy after catastrophic Texas floods killed 28 people at the girls' camp

Camp Mystic has filed for Chapter 11 bankruptcy reorganization

War-induced fertilizer shortage may be reducing US soil and water pollution

Decades of farmers using more fertilizer than they needed have quietly built up large reserves of nutrients in the soil.

Cerebras sinks 14% as full-year margin forecast disappoints

Cerebras shares tumbled about 14% on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter figures in its debut earnings following a

30 years after ‘Reasonable Doubt,’ Jay-Z’s career embodies hip-hop’s biggest contradictions

What happens when a rapper whose early work explored capitalism’s brutality becomes one of the system’s most successful beneficiaries?

Anxious investors await Micron earnings as chip sector whipsaws

The spotlight is on chipmaker Micron Technology as it prepares to report earnings, and investors are bracing for more volatility after recent market swings fueled

Debt restructuring framework for poorer nations needs fixing, Paris Club says

Reforms are needed to a core sovereign debt restructuring initiative for low-income countries known as the Common Framework to make it faster and more

Mexican inflation slows more than expected in early June, pushes back rate hike pressures

Mexico's annual inflation rate hit 3.55% in the first half of June, official data showed on Wednesday, landing below expectations and defusing

SK Hynix targets $29 billion US listing as AI demand surges

South Korea's SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be among

FedEx falls on lower margins, concerns over Freight spinoff

FedEx shares fell 2% on Wednesday, as lower margins in its core delivery segment in the fourth quarter raised investor doubts about the company's future following

Russia wants to know if Trump has shifted his stance on Ukraine war after G7, Lavrov says

Russia wants to know if Donald Trump has really changed his stance on the Ukraine war after French President Emmanuel Macron suggested

Binance vows to stay in Europe despite licence setback

Crypto platform Binance intends to stay in the European Union and will make a fresh push for permission to

India says it discussed pathways to interim trade deal with US

India and the United States discussed pathways to conclude an interim trade deal, the Indian government said in a statement on

Texas camp where 28 died in floods files for bankruptcy

The operators of Camp Mystic, where 28 campers and staff members died in catastrophic flooding in Texas last year, filed for bankruptcy protection on Wednesday.

Luxury property buyers flock to Spain seeking haven from war, turmoil

Wealthy Polish, American and Gulf-based property buyers are pouring into Spain's capital Madrid and Costa del Sol seeking luxury

Wendy's hits over seven-month high as retail traders spark meme-like rally

Wendy's highly shorted shares jumped to a more than seven-month high on Wednesday as retail traders flocked to the beaten-down stock of the fast-food chain, in

Trump calls out Exxon and Chevron in probe over alleged gasoline price 'gouging'

U.S.

Fact check: Trump’s false and unproven claims about the Reflecting Pool

Fact check: Trump’s false and unproven claims about the Reflecting Pool

The hidden stakes of the birthright citizenship case: healthcare for babies

The hidden stakes of the birthright citizenship case: healthcare for babies

Why some young Brazilians voters are abandoning Lula

Ricardo de Lima Filho, a 34-year-old video game translator, has voted for left-wing presidential candidates in every election he can

US CFOs in survey say firms mostly absorbed oil price shock

The U.S.-backed war against Iran touched off fears of stagflation last spring, but most company finance chiefs in a recent Federal Reserve survey

Euro outsiders not making much accession progress, ECB says

European Union nations outside the euro have made little to no progress in convergence in recent years and even Hungary, the nation most actively discussing accession,

US SEC probes popular type of private equity fund as it steps up industry scrutiny, sources say

The U.S.

Millions lose food stamps under Trump cuts. Arizona is hardest hit

When Angelica Garcia tried to renew her food stamps this spring, she said she thought she knew the drill.

Tucker Carlson's ALP nicotine pouches to launch in Europe, CEO says

U.S. nicotine pouch brand ALP, which is co-owned by U.S. conservative talk show host Tucker Carlson, will launch sales in 11 European markets from July, its

Bubble or blasphemy?

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets An 8% plunge in the high-flying U.S. chip stock index on Tuesday

Take-Two prices 'Grand Theft Auto VI' at $79.99

Take-Two Interactive Software has priced its highly anticipated "Grand Theft Auto VI" at $79.99 and will launch the game on November 19, the company said on Wednesday.

Why these adults are suddenly obsessed with a kids toy from the late ’90s

Why these adults are suddenly obsessed with a kids toy from the late ’90s

Premier says China’s tech advancements an 'opportunity' for the world, not a threat

China’s premier has defended the country's technological advancements as an opportunity for the world, not a threat

What next for Indonesia after MSCI extends downgrade review

Global index provider MSCI deferred a decision on a possible downgrade of Indonesia's equity market to frontier status until November, allowing the country to keep its

Australia's top export sectors face rising strike threats

Labour unrest has flared up across Australia's resources sector, with its lucrative iron ore mines and ports facing heightened

Warehouse giant Prologis takes $16.6 billion bid for UK's Segro public after rejection

U.S. logistics firm Prologis on Wednesday made public its £12.6 billion ($16.62 billion) takeover proposal for Britain's Segro after the warehouse landlord rejected its approach,

‘Exploding oil?!’ The Middle East is about to find out

‘Exploding oil?!’ The Middle East is about to find out

Keiko Fujimori vows to unite a Peru 'split in two' as runoff lead holds

Right-wing candidate Keiko Fujimori said on Wednesday she would seek to unite a Peru "split in two" if she takes office, after razor-

Australia's central bank still has work to do to reduce inflation, deputy governor says

Australia's central bank has work to do to tame "too high" inflation, a top official said on Wednesday, although he added that lower global oil prices stemming from a

BOJ must scrutinise impact on financial system from AI, non-bank activities, Ueda says

Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank must scrutinise how Middle East developments, profitability of AI-related investments and overseas non-

Japan plans to better manage war chest for yen intervention, draft shows

Japan will study ways to improve management of its foreign exchange reserves of $1.3 trillion, a war chest for future yen

Qualcomm in talks to provide custom chip-design services to ByteDance, sources say

Qualcomm is in talks to provide chip-design services to China's ByteDance, four people familiar with the matter said, as the U.S. company seeks to reduce dependence on the

Taiwan's ASE says it is expanding capacity to support AI demand

Taiwan's ASE Technology Holding, the world's largest chip packaging ​and testing provider, is expanding capacity to meet AI demand, Chief

Time to cash in your chips?

A look at the day ahead in European and global markets from Tom Westbrook South Korea's chip-heavy KOSPI made an unconvincing attempt at a bounce on Wednesday after notching the fifth-biggest selloff

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports

Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on

Premature to talk about rate hikes, India cenbank chief tells ET Now

India's central bank chief said on Wednesday it was "premature" to talk about interest rate hikes at this stage of the policy cycle.

Gen Zers want to help, they really do, if the work pays well enough

Gen Zers want to help, they really do, if the work pays well enough

Malaysia to ramp up support for ringgit as foreign outflows, Fed rate outlook weigh

Malaysia's central bank said on Wednesday it would step up efforts to support the ringgit, including measures to attract foreign funds and encourage state-linked firms and

Samsung Electronics considers share buyback for stock bonuses, details undecided

Samsung Electronics said on Wednesday it was considering buying back shares to fund stock-based employee compensation tied to its 2026

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix's overtaking of Samsung Electronics to become South Korea's most valuable firm was the culmination of 14 years of bets that brought

Taiwan says warning time for any China attack is shortening

Taiwan's military needs to test if it can respond immediately to a war breaking out, as the warning time for any Chinese attack is shortening, Defence

US House overwhelmingly backs affordable housing bill

Bipartisan legislation that aims to speed the construction of more affordable housing in the United States was headed to passage in the U.S.

Japan May services producer prices rise 3.3% y/y on soaring fuel costs

Japan's services producer price index in May rose 3.3% from a year earlier, central bank data showed on Wednesday, a sign of broadening inflationary pressure that will keep

South Korea's government discussing major new chip investments with Samsung, SK Hynix

South Korea's government is in talks with Samsung Electronics and SK Hynix over plans for the next phase of large-scale investments in semiconductor production facilities,

Some Bank of Japan members call for faster rate hikes, summary shows

Bank of Japan policymakers debated mounting inflation risks, with some calling for faster interest rate increases to raise borrowing costs nearer levels

Ukraine submits updated bid for OECD membership, Zelenskiy says

President Volodymyr Zelenskiy said on Tuesday that Ukraine had submitted a revised application to join the Organisation for Economic Co-operation and Development (OECD), a club of

US Senate joins House in voting to halt Iran war, rebuking Trump

The U.S.

Consolidated Edison CEO says grid equipment must expand for longer heat waves 

Consolidated Edison CEO Tim Cawley, speaking at the  Reuters Global Energy Forum in New York on Tuesday, said the utility must upsize parts of

UK employers scale back pay expectations for 2027, Brightmine survey shows

British employers expect to scale back pay increases markedly next year, according to a survey on Wednesday from human resources data firm Brightmine that added to signs of a

Soccer-World Cup turnout defies concerns, as Americans flock for the spectacle

World Cup attendances are on track for record highs despite daunting ticket prices and Trump administration travel restrictions.

Rio Tinto sees lithium as fastest-growing division, executive says

Rio Tinto. expects its lithium business to grow faster than its copper, iron ore and other divisions as it works to triple production by 2028 for the

Bessent says US supply chains must be able to withstand shocks, coercion

U.S.

Automakers could halt car sales in California without delay in vehicle tracking law

A group representing major automakers warned on Tuesday that car companies may be forced to halt sales of both new and used vehicles in California on July 1

US judge vacates Trump immigration courthouse arrest policies

A federal judge in California vacated the Trump administration's nationwide policies expanding arrests at immigration courthouses and the duration for

US House passes affordable housing bill, sending it to Trump for enactment

The U.S.

House gives final approval to bipartisan housing bill aimed at lowering costs

The House has given final approval to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year’s midterm elections

North Korea should build two warships a year in next five years, Kim says

North Korea should build two warships as large as its 5,000-metric-ton Choe Hyon vessel every year in the next five years, leader Kim Jong Un said at a commissioning

Cerebras shares drop on earnings debut, with margins below AI chip rivals

Cerebras Systems in its debut report as a public company forecast full-year profit margins would drop below the first-quarter figures and lag levels

US presses Meta to agree to AI reviews as security concerns rise, NYT reports

The Trump administration is pressing Meta to submit its AI models for voluntary review, which would allow the government to evaluate their abilities and vulnerabilities, the New

US, Iran at odds on nuclear inspections, frozen assets in deal to end war

U.S.

Ari Emanuel's Mari in talks to buy theater group ATG for $6 billion, FT reports

Mari Group, founded by TKO CEO Ari Emanuel, is in advanced talks to buy British West End theater operator ATG Entertainment for £4.5 billion ($5.94 billion), the Financial Times

US Commerce Secretary signals possible action on Chinese robots after review, Politico reports

U.S.

Trading Day: Chip wreck

Global stocks slumped in a tech-fueled selloff on Tuesday, with investors unnerved by growing debt-funded AI spending, the prospect of a more

FedEx shares slide after margin drop, company eyes 11% rise in 2026 revenue

FedEx margins in its core delivery segment dropped in the latest quarter from a year earlier, and shares fell 6% in extended trading on Tuesday even though the company beat profit

Nike names Pfizer executive David Denton as CFO amid slow turnaround effort

Nike on Tuesday named Pfizer executive David Denton as CFO, replacing Matthew Friend, as the footwear maker struggles through a turnaround amid supply chain issues and stiff

Morgan Stanley caps withdrawals at private credit fund after rising pullout requests

Morgan Stanley has limited redemptions again at its $7 billion flagship private credit fund after investors sought to withdraw almost 11.6% of units outstanding, a regulatory

GameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBay

Ryan Cohen, the billionaire CEO of GameStop, will not receive a potential performance award from the videogame retailer and plans to

Senate for first time approves a war powers resolution in a rebuke to Trump over Iran conflict

The Senate for the first time has approved a war powers resolution to block U.S. military action against Iran

California intends to sue Trump administration over deal to end offshore wind project

California intends to sue the Trump administration over its deal to end an offshore wind project proposed off the state’s central coast

Trump administration touts Iran deal as a payday for US farmers, but Iran denies it

U.S. President Donald Trump and Vice President JD Vance say their interim deal to end the war with Iran will deliver a financial windfall to American farmers

NHL exploring Texas expansion in Houston or Austin with billionaire Dan Friedkin and family

The NHL is exploring expansion to Texas, focusing on Houston or Austin, with a framework agreed upon with billionaire Dan Friedkin and his family

Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street

Pullbacks in big technology companies sent indexes lower on Wall Street

SpaceX launches $25 billion notes offering for debt repayment, AI expansion

Elon Musk's SpaceX said on Tuesday it has launched a five-tranche notes offering to raise at least $25 billion, as the newly public company seeks funding for its

Alibaba sues US for being linked to Chinese military

Alibaba, the Chinese technology and e-commerce giant, sued the U.S. government on Tuesday over being placed on a list of businesses from China

Trump tests Rust Belt pitch in Pennsylvania amid Iran, inflation pressures

U.S.

Tech selloff drags global stocks lower

Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued

Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports

The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank,

How Alan Greenspan’s stint as President Ford’s top economic adviser cemented his passion for public service and prepared him to lead the Fed

The Fed chair who served under five US presidents was more practical and less ideological than his detractors claimed.

Federal officials plan to offload some warehouses purchased for immigrant detention

U.S. Immigration and Customs Enforcement is retreating from a plan to use warehouses to hold up to 10,000 people on a single site, jettisoning a key piece of former Homeland Security Secretary Kristi Noem’s $38-billion plan to rapidly expand detention capacity this year

The Latest: Senate approves war powers resolution in a rebuke to Trump over Iran conflict

The Senate for the first time has approved a war powers resolution seeking to block U.S. military action against Iran

Trump heads to battleground Pennsylvania but keep focuses on himself ahead of midterm elections

President Donald Trump visited a Mack Trucks facility in Pennsylvania, for a speech meant to focusing on the economy

Trump administration charges 455 people, including doctors, with $6.5 billion in healthcare fraud

Trump administration charges 455 people, including doctors, with $6.5 billion in healthcare fraud

US announces $17.5 billion in loans for nuclear power supply chain

The U.S.

SpaceX short interest estimated to be about 5-7% of float, S3 Partners says

Short sellers are finding it easier to borrow SpaceX shares, even as some 5% to 7% of the company's float, about 40 million shares, has been sold

Alo Yoga primed for public offering or sale after owner's sale of wholesale T-shirt business

In a deal that attracted little interest from Wall Street, the owner of popular yoga clothing maker Alo agreed to sell its wholesale T-shirt

Rubio to address Gulf allies' fears over U.S. Iran deal

U.S.

Few in US say Iran war was worth it; Trump approval ties lowest of term, Reuters/Ipsos poll finds

Just one in four Americans believes President Donald Trump's war with Iran was worth its costs and a majority worry that a truce with Tehran is unlikely

SpaceX's wild ride is just getting started

SpaceX's stock extended its wild ride on Tuesday, briefly falling below its first-day opening price before rebounding on an

Wall Street ends lower on semiconductor selloff as AI spending concerns mount

The Nasdaq and the S&P 500 closed at more than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks

US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

The U.S.

AI stock slump raises the question if investors are just taking profits or getting very nervous

Tech companies are spending big on AI, but investors might be getting nervous

Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors

The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers

Evacuation plan through Hormuz for stranded ships in Gulf underway, UN agency says

An evacuation plan to enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through the Strait of Hormuz is underway after Iran

Family says downed tree narrowly missed 18-month-old’s window in overnight storm

Family says downed tree narrowly missed 18-month-old’s window in overnight storm

Sargassum seaweed is trapping endangered green sea turtles along the Texas coast this summer

Sargassum seaweed is trapping endangered green sea turtles along the Texas coast this summer

Supreme Court rejects a push to require higher prices on tax foreclosure sales

The Supreme Court has rejected an effort to reshape tax foreclosure sales to allow the original owners to keep more money when homes are sold to recoup unpaid taxes

Rubio arrives in UAE with aim to head off Gulf Arab unease over tentative Iran deal

U.S. Secretary of State Marco Rubio is in the United Arab Emirates on the first leg of a three-nation tour of Gulf countries aimed at easing their concerns about the result of an agreement intended to end the war with Iran

Barclays, Stifel lift S&P 500 target to 7,800 on strong earnings outlook

Barclays and Stifel raised their year-end targets for the S&P 500 index to 7,800 on Tuesday, citing strength in corporate earnings.

Russia eyes diesel export ban, fuel imports amid Ukrainian strikes; Crimea restricts public life

Russia is considering a diesel export ban, Deputy Prime Minister Alexander Novak said on Tuesday, while a newspaper reported on possible fuel imports to tackle shortages,

Oil shock nicked US GDP but resilience was the message, Dallas Fed research finds

Oil surging to more than $120 a barrel last spring cut about three-tenths of a percentage point from U.S. economic output, but the blow was a small

Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports

Blackstone is planning to invest $30 billion in Japan's AI data centers over the next three to five years, its president and chief operating officer Jonathan Gray told Nikkei in a

Climate-vulnerable countries push for global funding framework

The world’s most climate-vulnerable nations and a set of major development banks launched a new initiative on Tuesday aimed at unlocking cheaper and more

Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks

Oil prices settled 1% lower on Tuesday as investors kept a close watch on crude flows through the Strait of Hormuz following signs of progress in U.S.

US Supreme Court boosts Exxon's bid to get compensation from Cuba

The U.S.

Chip stocks plunge, but bargain-hunters limit scale of tech rout

U.S. chip stocks fell from record highs on Tuesday in a reversal for buyers of shares linked to the AI infrastructure buildout that has powered the market over

Can Pakistan's peacekeeping role in Iran war give it an economic dividend?

Pakistan's role in

Mark Zuckerberg directed Meta to create a prediction markets app, NYT reports

Meta CEO Mark Zuckerberg recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, the New York Times reported on Tuesday, citing

Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-old

The top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside

Judge rules government can't stop SNAP dollars from buying candy and sugary drinks

A judge has ruled that the U.S. government cannot stop people enrolled in the biggest food aid program from using benefits to buy candy and soda

Ukraine says it hit a railway bridge to Crimea, seeking to isolate the Russian-held peninsula

Ukraine says its forces struck a railway bridge, a power plant and other key infrastructure targets in Crimea as Kyiv’s military authorities seek to isolate the vital Russian-held peninsula in the latest stage of the 4-year-old war

Trump administration can expand fast-track deportation process, US appeals court rules

A federal appeals court cleared the way on Tuesday for the Trump administration to expand a fast-track deportation process that would allow for the expedited

Woman forced to pay nearly $900 in utility bills owed by home's previous owners

Woman forced to pay nearly $900 in utility bills owed by home's previous owners

Global imbalances could fuel financial stability risks, says BoC Governor Macklem

The Bank of Canada Governor Tiff Macklem said on Tuesday that global imbalances of financial flows, led

Carnival forecasts current-quarter profit below estimates on higher fuel costs

Carnival Corp on Tuesday forecast third-quarter profit below estimates, as elevated fuel costs and geopolitical tensions continued to squeeze margins, sending its shares down about

DHL Group appoints Joe Joseph as new CFO

German logistics giant DHL appointed Joe Joseph as its new chief financial officer, starting from June 1, 2027, the company said on Tuesday.

BoE's Taylor backs extended hold for interest rates

Bank of England policymaker Alan Taylor said on Tuesday that an "extended hold" for interest rates was the right response to the increase in price pressures spurred by

Macklem says latest inflation data looks very concentrated in oil prices

Bank of Canada Governor Tiff Macklem said on Tuesday the latest inflation reading showed price increases were concentrated in energy, but admitted that food inflation was a

Bangladesh says $300 billion climate finance goal falls short, calls for more support

Bangladesh called on Tuesday for more funds and faster support for developing countries facing escalating threats from climate change, saying the global climate financing

Dollar climbs to 13-month high on Fed hike bets, safe-haven bid

The U.S. dollar ascended to its highest level in more than a year on Tuesday as markets adjusted expectations for a more hawkish stance from the

Italy cannot hold election next April, economy minister says

Italy cannot hold a national election in April because it would not give the government enough time to approve its plans to

Supreme Court OKs Exxon Mobil lawsuit over Cuban property seized by Fidel Castro's government

The Supreme Court has ruled that Exxon Mobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power

Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA report

Philanthropic donations in the U.S. rose to $617 billion in 2025, marking a 3% increase from the previous year

Exxon can sue Cuba over property confiscated in 1960, Supreme Court rules

Exxon can sue Cuba over property confiscated in 1960, Supreme Court rules

Priced out of World Cup games, Mexican fans take celebrations into their own hands

Mexicans are reclaiming the FIFA World Cup with street celebrations as high ticket prices keep many out of stadiums

UK tribunal gives go ahead for $4 billion lawsuit against Apple over iCloud services

Britain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which?

Oman and Iran to pursue talks on managing navigation in Strait of Hormuz

Oman and Iran agreed on Tuesday to press on with discussions about the future administration of navigation in the Strait of Hormuz, including maritime services in the

Trump insists Iran has agreed to nuclear inspections

U.S.

Mexican economy posts sharpest increase in five years in April

Mexico's economy posted its largest monthly expansion in more than five years in April, ahead of expectations, according to official data published on Tuesday.

Brazil's Flavio Bolsonaro plans to testify against proposed US tariffs

(Refiles to clarify in paragraph 1 that the hearing is before the U.S.

US states sue California over landmark plastics packaging law

California has been sued by 17 U.S. states, which are seeking to undo a new state law designed to limit the use of single-use plastic and promote recycling.

China's foreign minister calls on BRICS to strengthen strategic minerals cooperation

China's Foreign Minister Wang Yi called on BRICS countries on Tuesday to jointly respond to global challenges from Ebola to AI, and to strengthen cooperation on strategic

Wall St falls at open on tech selloff as concerns about hawkish Fed, AI spending mount

Wall Street's main indexes opened lower on Tuesday, following sharp losses in megacap and semiconductor stocks as investors braced for a more hawkish Federal Reserve and

Wendy's names industry veteran Steve Cirulis as new CFO

Wendy's on Tuesday named industry veteran Steve Cirulis chief financial officer, to succeed Ken Cook, effective immediately as the restaurant chain struggles with weak demand and

Porsche's promised comeback does little to calm investors over China

Porsche's new CEO appealed to shareholders for patience on Tuesday, promising detailed turnaround measures later this year as investors press the sports car

Constellation Energy to supply nuclear power to Walmart facility under 15-year deal

Retail bellwether Walmart has signed a long-term nuclear power purchase agreement with Constellation Energy, the companies said on Tuesday.

Ukraine's Zelenskiy to skip reconstruction forum in Poland amid row

Ukraine has downgraded its representation at a key recovery forum in Poland by sending Prime Minister Yulia Svyrydenko instead of President Volodymyr Zelenskiy, in an effort

US manufacturing rises on front-loading of orders, but factory employment tumbles to six-year low

U.S. manufacturing activity rose again in June as companies preemptively placed new orders in anticipation of shortages and higher prices, but factory

Brazil central bank signals mixing pauses with cuts to steer inflation to target

Brazil's central bank on Tuesday signaled a preference for combining periods of pause and renewed easing to bring inflation back to its 3% target by the

US consumers favor homebuying over renting for first time since 2023, BofA study shows

A majority of U.S. consumers now say they would prefer to buy a home rather than rent or move in with family, the first time since 2023 that

AI stocks are getting trampled. South Korean market plunges 10%

AI stocks are getting trampled. South Korean market plunges 10%

US giving grew 3% in 2025, crossing the $600B mark for the first time

Giving that’s associated with the wealthiest Americans – from bequests and foundations to universities and donor-advised funds – fared better than usual.

How Brexit broke British politics

Brexit fractured the European Union, and it broke British politics

Everyone experiences loss and grief – but that doesn’t make it any easier to talk with kids about it

Parents and educators sometimes avoid having conversations about grief with children because they don’t know what to say. Here are some tips for how to approach it.

Andy Burnham prepares for a UK Labour leadership contest that may be a coronation

Andy Burnham is preparing for a Labour Party leadership contest that could make him Britain's prime minister within weeks

How everyone pays the cost for patents on seeds, and private companies get rich from keeping them secret

When huge companies assert their patents, smaller businesses and public plant breeders are dissuaded from conducting research that might not be illegal at all.

Scars mark Britain's economy 10 years after Brexit vote

Britain's vote to leave the European Union in 2016 has acted as a persistent drag on its economy,

Firings now underway at Office of Director of National Intelligence, source says

Firings now underway at Office of Director of National Intelligence, source says

UK manufacturing orders shrink at fastest rate since 2020, CBI says

British manufacturing orders deteriorated this month at the fastest rate since September 2020 during the COVID-19 pandemic, according to a survey on Tuesday that showed little

Britons paid £59 billion too little tax last year, government says

Britons paid £59.2 billion ($78 billion) less tax than they should have in the 2024/25 financial year, equivalent to 6.4% of the total, with most of the shortfall coming

Vedanta's CopperTech Metals targets $3.6 billion valuation in US IPO

CopperTech Metals is targeting a valuation of up to $3.57 billion in its U.S. initial public offering, joining a wave of companies tapping the busy summer IPO market.

SoFi deepens AI-powered trading ambitions with Composer deal

Financial services firm SoFi said on Tuesday it has bought Composer, an AI startup that helps retail investors build and execute sophisticated trading strategies

Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver

A temporary U.S. sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners,

More vessels transit Hormuz, Qatar-linked LNG tankers return, data show

Three stranded supertankers passed through the Strait of Hormuz on Tuesday, while seven empty Qatar-linked

Only Iran will control its unfrozen assets, Iranian envoy says

Iran alone will decide how to use assets that are unfrozen under a deal with the United States, an Iranian envoy said on Tuesday, denying Washington

German pension commission proposes shift to Swedish-style fund

A commission appointed by German Chancellor Friedrich Merz has proposed a Swedish-style pension fund and a gradual increase in the retirement age to help

SpaceXhaust

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Big Tech started the week in reverse, with megacaps Alphabet and

Russia, Iran lead surge in gas flaring, dimming global hopes to end the practice

Global gas flaring rose to a six-year high in 2025, driven by increases in Russia and Iran, according to World Bank data, hindering efforts to end by the

Euro zone inflation could stay high even with peace deal, ECB's Lane says

Euro zone inflation could stay above the European Central Bank's 2% target for some time, even if peace in the Middle East holds, but this shock still only requires a

UK services sector contracts at fastest pace since January 2023

Britain's services sector, the engine of the economy, contracted this month at the fastest rate in nearly three-and-a-half years, according to a survey on Tuesday

Europe's STOXX 600 ends lower as tech selloff, rising Fed hike bets weigh

Europe's benchmark STOXX 600 closed lower on Tuesday, as expectations for imminent interest rate hikes by the Federal Reserve

U.S. focused on fair trade deal with India that benefits both countries, U.S. embassy says

The United States is focused on securing a fair, reciprocal trade deal with India that opens markets for American exporters and delivers benefits to both countries, the

Heineken names outsider Rafael Oliveira as CEO tasked with boosting sales

Heineken appointed Rafael Oliveira as its new chair and CEO on Tuesday, the first time the Dutch brewer has appointed an outsider to the top job, as alcohol makers

ECB's Kazimir: next steps will depend on data but direction is clear

Damage from the conflict in the Middle East cannot be removed overnight and the European Central Bank still has work to do, ECB policymaker Peter Kazimir said on Tuesday.

Euro zone private sector contraction eases in June but services stay weak, PMI shows

Euro zone private sector activity shrank for a third straight month in June, though at a slower pace, as a modest recovery in tourism and leisure demand

French private sector downturn eases in June, PMI shows

France's private sector contraction eased in June as declines in manufacturing and services output both slowed, a business survey showed on Tuesday.

Russian building downturn leaves Moscow apartment buyers in limbo

Plastic sheets flap in empty windows and balconies hang askew at part of outer Moscow's unfinished Ostafyevo housing complex, where disgruntled homebuyers

UK grocery inflation slows, easing fears of Iran war hit, says Worldpanel

British grocery inflation slowed to 3.0% in the four weeks to June 14, researcher Worldpanel by Numerator said on Tuesday, easing concerns about the impact

German business activity hits 18-month low in June, PMI shows

Germany's private sector activity contracted at its fastest pace in 18 months in June as the services downturn deepened, a survey showed on Tuesday.

Nissan shelves development of electric Qashqai in cost-cutting drive

Nissan has stopped work on an electric version of its top-selling model in Europe, six sources with knowledge of the matter said, as the

Former Oklahoma death row inmate has a new trial set for a 1997 killing of motel owner

A new murder trial is scheduled for September for a former Oklahoma death row inmate who was released from nearly three decades of incarceration last year after being on the brink of execution three times over a 1997 killing

Undoing the 'tangled nest' of Iran sanctions won't be easy or quick

Tehran stands to gain billions of dollars from a 60-day reprieve from U.S. sanctions announced on Monday, but unwinding more than

India's June private sector growth slips to three-month low as demand, confidence cool, PMI shows

India's private sector expanded at its slowest pace in three months in June as weaker demand growth weighed on both factory and services activity, while business

Firefly Aerospace expected to secure $110 million US EXIM loan, document shows

Rocket and spacecraft maker Firefly Aerospace is expected to secure a $110 million U.S.

KPMG Australia's chairman and two partners resign as audit scandal widens

KPMG Australia said on Tuesday its chairman and two senior partners will leave the firm as it moves to contain a growing scandal over whistleblower

‘Pure’ New Zealand chases gold as record prices burnish allure

New Zealand is fast-tracking gold projects and courting mining investors as soaring bullion prices revive a sector long in decline,

AI startup Baseten hits $13 billion valuation as Australia's Blackbird makes record bet

Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company

Australia's tax overhaul chills nation's long love affair with property

Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home

US judge blocks Trump administration SNAP restrictions on soda, candy​

A federal judge in Washington, D.C., on Monday blocked the Trump administration from preventing food stamp recipients in five states from using their

Japan's factory activity expands at faster pace in June as new orders surge

Japan's manufacturing sector sustained robust growth in June, with new orders surging to their fastest pace in more than four years, though cost pressures continued to

In South Korea, a job or partner at Samsung, SK Hynix is the new 'A+' catch

The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings.

Alan Greenspan dies at 100

Economist and former Federal Reserve Chairman Alan Greenspan has died at 100-years-old, according to his wife, Andrea Mitchell.

US gasoline prices tumble for sixth straight week

Diplomacy between the U.S. and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth

Senate passes housing bill in bid to ease supply crunch, high costs

The U.S.

Japan's Katayama held talks with US Treasury's Bessent on financial markets

Japan's finance minister Satsuki Katayama said on Tuesday she held an online meeting with U.S.

Meta to pause internal mouse-tracking tech while examining data security issues

Meta said on Monday it will pause an internal program that tracks

Solar manufacturing group seeks US trade probe of cell imports from South Korea

Three solar panel makers urged U.S. officials to investigate cell imports from South Korea, saying firms including Hanwha's Qcells were using them to evade tariffs on Chinese

Senate passes a bipartisan housing bill aimed at increasing supply and lowering prices

The Senate has passed a bipartisan housing bill that aims to bring down home prices and increase supply

Trump signs orders calling for powerful quantum computer, targeting 2028

U.S.

Trading Day: Mixed signals, Wall Street wobbles

Global stocks were mixed on Monday — optimism over Middle East peace talks lifted Asia and Europe, while tech and interest-rate jitters weighed

Soccer-Local World Cup fans wave many flags in multicultural Houston

World Cup fever has a distinctly international flavour for residents in Houston, where an estimated third of the population was born outside the United

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of

UNAIDS chief urges US to reconsider South Africa funding cut

The head of UNAIDS said on Monday she was saddened by U.S. plans to withdraw HIV/AIDS funding for South Africa and urged Washington to reconsider, warning the

Fed Chair Warsh to testify before lawmakers on July 14

Federal Reserve Chairman Kevin Warsh will deliver his first testimony on monetary policy before Congress on July 14, at 10 a.m.

IBM partners with OpenAI on enterprise security AI

IBM on Monday said it has partnered with OpenAI to integrate frontier AI capabilities into enterprise security workflows, aiming to counter rapidly evolving cyber threats.

Oracle workforce shrinks by about 21,000 employees amid AI adoption

Oracle's total workforce declined 13%, or about 21,000 employees, in fiscal 2026, as the cloud computing giant continued restructuring its business, partly driven by the adoption

Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports

Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people

Fed's Goolsbee says labor market stable, inflation going the wrong way

Chicago Federal Reserve President Austan Goolsbee said on Monday that with the labor market stable, he is focused on figuring out whether too-high inflation will stay

Domino's Pizza names insider Joe Jordan CEO

Domino's Pizza on Monday named Chief Operating Officer Joe Jordan as CEO, counting on his extensive experience with the company to lead it through an uncertain economic environment

Best Buy finance chief Matt Bilunas to step down

Electronics retailer Best Buy said on Monday its chief financial officer Matt Bilunas will step down from the post, effective July 31.

Trump: 'I will do what I have to do' if Iran does not stick to deal

U.S. President Donald Trump said on Monday "I will do what I have to do" if Iran does not stick to its agreement with Washington.

US FAA taps ASI for software overhaul to improve flight schedules, cut delays

The Federal Aviation Administration said on Monday that it has awarded an $875 million, 12-year contract to Air Space Intelligence to overhaul U.S.

Trump CDC nominee Schwartz to resign posts, sell holdings if confirmed

Erica Schwartz, President Donald Trump's nominee to lead the U.S.

AI startup Reflection signs computing power deal with SpaceX

Reflection AI said on Monday it has signed a deal with SpaceX that will grant the startup access to additional computing capacity at the Elon Musk-led company's Colossus 2 data

Stocks flat, oil falls as rate worries offset Iran talks optimism

Global stocks were mostly flat on Monday while oil prices fell, as optimism over progress in U.S.-Iran talks was offset by expectations of higher

S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran

The S&P 500 and the Nasdaq closed down on Monday, dragged by declines in the megacap technology stocks including Alphabet,

New York governor announces completion of Smart Path Connect grid project

New York Governor Kathy Hochul announced on Monday the completion of the 100-mile Smart Path Connect transmission project, a major grid upgrade expected to deliver over $438

US stocks drift after oil prices ease and Big Tech stocks fall

U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big Tech stocks weighed on Wall Street

Dispatcher shortage leads to forced overtime and calls for higher pay

Dispatcher shortage leads to forced overtime and calls for higher pay

Can anyone fix Britain? Regular change of PM a symptom of UK's malaise

On Monday morning, Keir Starmer emerged into the sunshine in Downing Street flanked by his staff and wife, his voice thick with emotion

ECB's Lagarde urges talks on yuan undervaluation

European Central Bank President Christine Lagarde on Monday urged global leaders to discuss undervaluation of the Chinese currency as a facet of the imbalances

Canada's Unifor union begins Detroit Three negotiations with Ford

Canadian auto union Unifor began negotiations with Ford Motor on Monday, commencing talks on new contracts with the so-called Detroit Three of Ford, General

Vimeo owner Bending Spoons seeks $1.62 billion US IPO, sources say

Bending Spoons, an Italian technology company that acquires and revamps software businesses, is seeking to raise as much as $1.62 billion in a U.S. initial

Micron, Anthropic sign AI infrastructure supply agreement

Micron Technology said on Monday it has signed an agreement with Anthropic that includes supply of memory and storage products, and a strategic investment in the IPO-bound AI

EasyJet holds out for higher Castlelake bid after rejecting offer, FT reports

EasyJet and its investors are holding out for at least £600 million ($794.46 million) more from U.S. suitor Castlelake, the Financial Times reported on Monday, citing leading

US waives Iran sanctions after talks; Lebanon fighting abates

The United States waived sanctions on Iran for 60 days from Monday after the first talks under a

US proposes to slash costs for energy drillers on federal lands

The Trump administration on Monday proposed looser rules for oil and gas drilling operations on federal lands, including a dramatic cut to clean-up costs for abandoned wells.

Greenspan playbook to get a replay under Warsh

Some of the late former U.S.

Oil settles down more 3% after US-Iran talks signal easing supply risks

Oil prices settled more than 3% lower on Monday, as supply concerns eased after U.S.

ICE looking to sell warehouse designated for detention center, report says

ICE looking to sell warehouse designated for detention center, report says

Mexico's president seeks to restart oil shipments to Cuba as island's crises deepen

Mexican President Claudia Sheinbaum says her country seeks to restart oil shipments to Cuba soon, a move that could provide much needed relief as the island’s crises deepen given a lack of petroleum

Rubio heads to UAE, Kuwait, Bahrain to discuss Iran deal with Gulf allies

U.S.

Dollar climbs after US-Iran talks, pound choppy following Starmer exit

The dollar climbed on Monday as the initial round of U.S.-Iran talks buoyed optimism for a peace deal while the pound was higher in choppy trading

California sues US EPA over sending emissions rules to Congress for potential reversal

The state of California sued the U.S.

SpaceX turns to bond market to raise capital, reports $100.8 billion cash

Elon Musk's SpaceX turned to the bond market for the first time, capitalizing on a post-IPO momentum that has vaulted its cash reserves past $100 billion

Uber board sued over alleged 'serial' compliance failures, sexual abuse lawsuits

Uber Technologies' board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance,

U.S. tech megacaps slide as SpaceX extends slump, AI expense concerns grow

Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in

Porsche CEO sticks to targets as he navigates road to recovery

Porsche faces fundamental challenges in crucial markets and a long road back to recovery, but the German sports car maker is sticking by this year's

Former Federal Reserve Chairman Alan Greenspan dies at 100

Former U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100

Pope Leo XIV warns wars are 'fed' faster than people as aid money dries up

Pope Leo XIV says wars are being sustained more easily than people are fed

Community puts on wedding for couple rebuilding after homelessness

Community puts on wedding for couple rebuilding after homelessness

Starmer says he'll resign as UK prime minister, roiling British politics yet again

British Prime Minister Keir Starmer has announced his resignation, forced out by his party after losing voter support

Argentina authorizes up to $5 billion debt from international institutions

Argentina's government authorized up to $5 billion financing from international entities backed by multilateral credit organizations, according to an official gazette

Euro zone consumer confidence rises to -17.7 in June

Euro zone consumer confidence rose by 1.3 points in June from the May number, figures released on Monday showed.

India says ties with China normalising as top officials meet in Delhi

Indian National Security Adviser Ajit Doval spoke with Chinese Foreign Minister Wang Yi on Monday on the sidelines of a BRICS National Security Advisers' meeting in New

Tanker traffic through Hormuz picks up after slower flows due to crossing concerns

Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up

Deed fraud can cause vulnerable Detroiters to lose their homes – here’s why it’s hard to catch the thieves

Deed fraud is a persistent problem in the Detroit area. Only a fraction of victims get justice.

Wine brands chase Gen Z with playful tie-ins to Shark Week, NASCAR and more

Wine marketers are shaking things up to attract younger drinkers

Milan designers go lighter in silhouette, if not materials, for next summer

Milan Fashion Week has embraced simplicity amid economic uncertainty and geopolitical tensions

From sidelines to centre stage, Andy Burnham on course to be UK's next prime minister

Four years ago Andy Burnham complained he was repeatedly denied a main-stage speaking slot at the Labour Party conference under

BofA, Deutsche Bank expect Fed to raise rates in September

BofA Global Research and Deutsche Bank expect the U.S.

PM Magyar moves to oust Hungary's president, launch anti-graft office

Hungarian Prime Minister Peter Magyar said on Monday that his government would initiate the president's removal from office with a constitutional amendment, and also

UK's Starmer resigns, paving way for orderly transfer of power

Prime Minister Keir Starmer said on Monday he was quitting, paving the way for what is expected to be an orderly

Major deals involving US drugmakers and biotechs over the past decade

Germany's Merck has agreed to acquire Bio-Techne Corp for about $11.3 billion, bolstering its life sciences business by adding the U.S. biotech firm's research and bioprocessing

Canada's annual inflation rate surges to a 29-month high of 3.2% in May

Canada's annual inflation rate in May accelerated more than expected to 3.2%, a 29-month high, data showed on Monday, as the impact of higher crude oil

CRH in $8.5 billion Arcosa deal to ride North America infrastructure boom

Ireland's CRH said on Monday it would acquire U.S.-based Arcosa in an all-cash deal valued at about $8.5 billion, bolstering its North American business and

De La Espriella's win in Colombia cements Latin America's rightward shift

Colombia has swung to the right, electing nationalist lawyer and political newcomer Abelardo De La Espriella as president, accelerating a rightward

No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas

Many homeowners hit by devastating Michigan floods had no insurance and no idea they were at risk — underscoring vulnerabilities throughout rural America as climate change causes more extreme weather

US FDA reverses course on Regenxbio's rare-disease gene therapy, backs accelerated approval bid

Regenxbio said on Monday the U.S.

Amazon Prime Day to gauge US consumer strain as focus shifts to basics

Amazon Prime Day starting on Tuesday will be a litmus test of U.S. shoppers' spending power, with the earlier-than-usual sales event

Crimea suspends children's summer camps as Ukraine strikes squeeze fuel supplies

Russian-held Crimea, a popular destination for Russians, has suspended tourist activities and children's summer camps until September, its governor said on Monday, owing to

Chevron signs power supply deal with Microsoft for Texas data center

Chevron said on Monday it has signed an agreement with Microsoft to develop a co-located facility that would provide natural-gas fired power to the technology giant's data center

AbbVie sharpens immunology focus with $10.9 billion Apogee deal

AbbVie said on Monday it would buy Apogee Therapeutics for $10.9 billion, the company's largest buyout in more than five years, as it seeks to bolster its

Goldman Sachs says EV surge may cut oil demand by late 2027

Goldman Sachs said accelerating electric vehicle adoption following a Hormuz-related oil supply shock could trim global oil demand by up to 0.32 million barrels per day by late

Alan Greenspan, former head of Federal Reserve, dies at 100

Alan Greenspan, former head of Federal Reserve, dies at 100

EV maker Lucid to cut about 18% of US workforce, COO Winterhoff exits

EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking its second major executive change

ECB chief Lagarde plays down second-round inflation worries

The inflation shock facing the euro zone is too large to ignore but not yet large enough to push up longer-term price bets or generate dangerous second-round price

Wall St subdued at open as investors weigh US-Iran negotiations

Wall Street's major indexes were muted at open on Monday, with investors taking a breather after returning from Friday's public holiday while awaiting further developments in U.S.-

US authorizes Iranian oil sales amid talks on final peace deal

The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return

Upscale AI valued at $2 billion after funding extension

AI networking infrastructure firm Upscale AI said on Monday it had raised a $190 million extension to its early-stage funding round, bringing its valuation to $2 billion.

Qatar says gas export terminal blast killed 13 as workers tried to resume operations

Qatar’s energy minister says an explosion killed at least 13 people and injured 66 at a key gas export terminal

In deep-red Idaho, even Republicans break with Trump on farm labor

A statewide survey finds majorities in farm country at odds with the deportation push reshaping their workforce.

Britain's economic woes fuel discontent with Brexit a decade after historic vote to leave EU

Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far away as Ghana and Barbados

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.

What happens if North Carolina does not pass a new budget by the June 30 deadline?

What happens if North Carolina does not pass a new budget by the June 30 deadline?

Elected on a promise of better times, Keir Starmer failed to deliver the change Britain wants

Elected on a promise of better times, Keir Starmer failed to deliver the change Britain wants

EU courts Brazil as strategic partner in global race for critical minerals

The European Union is turning to Brazil as a strategic partner in its push to diversify its critical mineral supplies, offering a deal that it

A decade of chaos: Britain prepares for seventh prime minister

British Prime Minister Keir Starmer said he would quit on Monday, paving the way for the country to have its seventh leader in 10 years. 

Pope Leo decries leaders who 'feed' wars while millions go hungry

World leaders are "feeding" wars instead of the hungry, Pope Leo said on Monday, telling the U.N. food aid agency that global priorities were badly skewed.

Three ways Trump could get a stake in AI firms for the US 

U.S.

EU reassesses whether to hold July UK summit after Starmer resignation announcement

The European Union is reassessing whether to hold a summit with Britain as planned on July 22 after British Prime Minister Keith Starmer said he would resign, a European

German industry association BDI cuts 2026 growth forecast, urges reforms

Germany's industry association BDI sharply lowered its growth outlook for 2026 on Monday and warned that the country's industrial base remains under

Seventh in a decade

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Hopes for a gentle off-ramp to the U.S.-Iran war were always a bit

Romania's nominated PM fails confidence vote in parliament, political crisis deepens

Romania's Prime Minister-designate Adrian Vestea failed to win parliament's vote of confidence late on Monday after the far-right  opposition refused to

Uber-backed Lime seeks up to $1.66 billion valuation in US IPO

Uber-backed Lime is seeking a valuation of up to $1.66 billion in its U.S.

Elon Musk-led SpaceX's first week as a public company sparks market mania

SpaceX's record-breaking IPO fueled a trading frenzy in its first week as a public company, with its shares surging as retail investors and options traders rushed to bet on the

Miner Sinda kicks off US IPO roadshow with $1.97 billion valuation target

Silver miner Sinda on Monday launched its U.S. initial public offering roadshow, targeting a valuation of up to $1.97 billion and contributing to what is shaping up to be a busy

Andy Burnham: The charismatic mayor who’s likely to be Britain’s next prime minister

Andy Burnham: The charismatic mayor who’s likely to be Britain’s next prime minister

German state election draws Bauhaus into AfD culture war

A century after its birth as a

Oaktree-backed ITG targets $2.7 billion valuation in US IPO

Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining a string of issuers rushing to capitalize on AI-driven demand

US curbs on AI spur European firms to spread the risk

Limits on access to some U.S. artificial intelligence services are pushing major European companies

Nonprofit takes aim at Colorado's growing mountain pine beetle problem one tree at a time

Nonprofit takes aim at Colorado's growing mountain pine beetle problem one tree at a time

Trump’s Iran agreement embraces sanctions relief, a policy he and his team once denounced

Trump’s Iran agreement embraces sanctions relief, a policy he and his team once denounced

Talks between Iran and US concluded successfully, Pakistan PM says

Talks between Iran and the U.S. have concluded successfully in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on Monday.

India in talks to sell supersonic BrahMos missile to UAE, sources say

The Indian government is in talks with the UAE to sell some of its flagship defence systems, including the supersonic cruise missile

Unloved Starmer quits as UK PM after just two years

Keir Starmer was once hailed as the leader who would bring pragmatism and stability to Britain after years of political chaos.

Japan's FX messaging keeps markets on edge over yen intervention risk

Japanese financial authorities kept markets guessing about possible currency intervention on Monday, with the lack of clear signals suggesting a potential

Standard Chartered 'overweights' Asia ex-Japan; favours Taiwan, China on AI, earnings

Standard Chartered said on Monday it favours Asia ex-Japan equities, particularly Taiwan and China, as strong earnings prospects, AI-driven investment

Canadian lender TD tells some employees it will use software to monitor their work

Toronto-Dominion Bank told some employees working in its financial crimes and risk management team that it would run software to track their work,

This upstart launched 35 ETFs in a day - and doesn't plan to slow down

It took more than a decade for BlackRock, the world's largest issuer of exchange-traded funds, to launch its first 300 products.

India seeks tariff advantage over peers in push to finalise US trade deal

The top U.S. trade diplomat will visit India on Tuesday for two-day talks, with New Delhi pushing for a trade pact on terms

EasyJet rejects $6.3 billion bid as Castlelake makes takeover proposal public

Castlelake made public its £4.74 billion ($6.26 billion) takeover plan for easyJet on Monday, ramping up pressure on the board of the budget airline, which promptly

Climate fight will not stall because certain countries drop out, China says

Global cooperation to tackle climate change will not stall because of the absence of certain countries, China's environment minister told a meeting of

Ten years on, Britain counts the cost of Brexit

Ten years on, Britain counts the cost of Brexit

Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder

The German government says it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European production along with NATO ally France

AI boom's US employment, wage impact muted so far, ECB study finds

A boom in the use of artificial intelligence may displace some workers, but the overall effect on aggregate employment or wages in the U.S. has been muted so far,

European shares close higher on US-Iran talks; UK's Starmer resigns

European shares edged higher on Monday as investors assessed the latest round of U.S.-Iran negotiations for signs of progress

Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Airlines stand to save billions of dollars on jet fuel after an interim U.S.-Iran peace deal sent oil

Ukraine to decide who represents Europe in Russia talks, Zelenskiy says

Ukraine will decide who represents Europe in any negotiations with Russia, President Volodymyr Zelenskiy said in an interview with Ukrainian media published late on Sunday.

SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix on Monday overtook Samsung Electronics to become South Korea's most valuable listed company, marking a dramatic reversal of fortunes for a

Australia and Canada sign a $1.75B deal to build long-range radar in Canada

Australia and Canada have signed a $1.75 billion export agreement to build an Australian-designed long-range radar system in Canada

WiseTech shares tumble on news reports police are investigating founder White

Shares of WiseTech

Any progress is good with Hormuz at stake

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

Global business leaders back faster electrification shift

MORE THAN 100 COMPANIES INCLUDING NESTLE, UBER URGE GOVERNMENTS TO MAKE ELECTRIFICATION CENTRAL TO ECONOMIC STRATEGY Companies including Nestle and Ikea on

SK Hynix dethrones Samsung Electronics as South Korea's most valuable company

The market value of South Korean chipmaker SK Hynix briefly topped that of peer Samsung Electronics on Monday to make it the country's most valuable firm.

Australia sells advanced radar technology to Canada in record $1.7 billion deal

Australia said on Monday it will sell advanced radar technology capable of detecting long-range missiles to Canada under a A$2.5 billion ($1.75 billion) agreement, the

Bolivia crisis begins easing, air force jet on assistance flight crashes

A day of fragile gains in Bolivia saw major protest roadblocks cleared for the first time in weeks on Sunday, but progress was overshadowed by the crash of a military

Who is Abelardo De La Espriella, Colombia's new right-wing president?

Colombia elected nationalist lawyer Abelardo De La Espriella as its new president on Sunday,

The Latest: Iran says 'major progress' to end Lebanon war during talks

High-level negotiations in Switzerland seeking a permanent end to the Iran war ended with lower-level talks planned for the rest of the week

US-Iran negotiations end, technical talks will continue after Trump shakes talks with threats

High-level negotiations in Switzerland seeking a permanent end to the Iran war have ended

Lime plans to name Uber as anchor investor in IPO, The Information reports

Lime, which operates an electric bike and scooter network, plans to name ride-hailing firm Uber as an anchor investor in its U.S. initial public offering, The Information reported

USDA reports three new cases of screwworm, bringing total to 15

The number of U.S. cases of New World screwworm has risen to 15 after three more animals tested positive in Texas, the Department of Agriculture said in a post on social media on

Two South Korean-operated vessels passed through Strait of Hormuz after MOU signed

Two vessels operated by South Korea passed through the Strait of Hormuz after the U.S. and Iran signed a memorandum of understanding on a ceasefire agreement last week,

Colombian right-wing candidate De La Espriella wins tight presidential race

Colombian right-wing candidate Abelardo De La Espriella has clinched a narrow victory in Sunday's presidential

Stocks slip in Asia, oil up on peace doubts

Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to

China keeps lending benchmark LPRs unchanged for 13th month in June

China left benchmark lending rates unchanged for the 13th consecutive month in June on Monday, in line with market expectations.

Trump says Starmer ‘will resign’ amid speculation UK PM could quit as soon as Monday

Trump says Starmer ‘will resign’ amid speculation UK PM could quit as soon as Monday

AI regulation is a mess, and Anthropic is caught in the crosshairs

AI regulation is a mess, and Anthropic is caught in the crosshairs

Economists have long pushed for prediction markets. The reality is not what they’d hoped for

Economists have long pushed for prediction markets. The reality is not what they’d hoped for

Iran's Tasnim news agency says Hormuz will not reopen until Lebanon ceasefire holds, oil waivers issued

Iran's Tasnim news agency, citing a source close to the negotiating team, reported on Sunday that the Strait of Hormuz would not be reopened as long as a ceasefire in Lebanon was

After the fracture: how Britain's financial industry recovered from Brexit

In the buildup to 2016's Brexit referendum, JPMorgan CEO Jamie Dimon said the U.S. bank could shift 4,000 jobs from

What the Iran war cost the Pentagon, the economy — and Trump

What the Iran war cost the Pentagon, the economy — and Trump

Ukrainian attacks prompt Russian-held Crimea to halt civilian gasoline sales

Officials in Russia-occupied Crimea have suspended civilian gasoline sales as Ukraine increases attacks on fuel supplies

Yoghurt wars: Danone-Chobani clash underscores wider protein battle

Danone's lawsuit against Chobani over protein claims makes it clear the French dairy company sees its U.S. rival as a threat in one of the few food

Trump says no toll on Strait of Hormuz unless US imposes one

U.S.

Iran claims the Strait of Hormuz is closed again. Few ships were leaving in the first place

Iran claims the Strait of Hormuz is closed again. Few ships were leaving in the first place

Bolivia’s president declares a state of emergency as road blockades choke supplies

Bolivian President Rodrigo Paz has declared a state of emergency to empower the military to remove road blockades

Obama Presidential Center's Black-owned construction companies hope for lasting legacy

Obama Presidential Center's Black-owned construction companies hope for lasting legacy

Bolivia on edge after Paz declares emergency to clear protest gridlock

Tensions soared in Bolivia on Saturday after President Rodrigo Paz declared a state of emergency, allowing security forces to begin clearing

Europe swelters under heatwave, France restricts alcohol consumption

A punishing heatwave sweeping across much of Europe prompted a partial alcohol ban in France, nationwide warnings in Germany and the closure

Trump doubles down on feud with Italian Prime Minister Meloni, insisting she asked for G7 photo

Trump doubles down on feud with Italian Prime Minister Meloni, insisting she asked for G7 photo

From New York to Seattle to DC, more cities are picking democratic socialist leaders

From New York to Seattle to DC, more cities are picking democratic socialist leaders

Bolivia’s president declares state of emergency over blockade crisis

Bolivia’s president declares state of emergency over blockade crisis

DHS scraps plans to turn Georgia warehouse into detention mega center, city says

DHS scraps plans to turn Georgia warehouse into detention mega center, city says

Bangladesh's premier looks to China, Malaysia for investment, jobs in first trip

Bangladesh’s Prime Minister Tarique Rahman will embark on his first overseas trip since taking office on Sunday, visiting Malaysia and China in a mission aimed

Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

Congress wonders as the Iran war draws to a close: Was it worth it?

The question hangs in the halls at the Capitol: Was the war with Iran worth it

Inside Trump’s mad dash to sign an agreement with Iran

Inside Trump’s mad dash to sign an agreement with Iran

A top banker tried to sway Pope Leo XIV on rare earth mining

The head of Latin America’s top development bank has made a case to Pope Leo XIV about the potential of rare earth mining

Porsche CEO aims to finalise new cost-cutting package by July, FAS reports

Porsche CEO Michael Leiters expects a swift conclusion to negotiations on a second cost-cutting package at the German sports car maker, according to an interview with Frankfurter

Iranian Guards' business empire to win big if U.S. sanctions lifted

Emerging outlines of a deal between Washington and Tehran to end their war contain a stinging paradox: sweeteners to coax Iran into

Japan to target $2.3 trillion public-private investment by 2040, Nikkei reports

Japan plans to set a target of about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors as part of Prime Minister Sanae Takaichi's

Bolivia signs deal with labor union after 50 days of anti-government protests

Bolivian President Rodrigo Paz on Friday reached a deal with the Bolivian Workers' Confederation (COB), a step toward resolving a

US appeals court blocks Trump admin from enacting new plans to slash consumer watchdog staff

A federal appeals court on Friday blocked the Trump administration's plans to immediately slash the workforce at the U.S.

Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

Observers are calling Cuba’s new free-market reforms the most sweeping economic overhaul on the island’s communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its economy forward

Canadian billionaire Frank Stronach found guilty of sexual assault, indecent assault

Canadian billionaire businessman Frank Stronach was found guilty on Friday of one count of sexual assault and one count of indecent assault, in a

Qantas' highly anticipated "Project Sunrise" nears conclusion

Australia's national carrier will soon fly from Sydney to London and Sydney to New York. Richard Quest explains why that's so significant.

DOJ rebuffs judge’s request for Blanche to declare in court that anti-weaponization fund is dead

DOJ rebuffs judge’s request for Blanche to declare in court that anti-weaponization fund is dead

African, Caribbean states back slavery reparations plan at Ghana meeting

African and Caribbean nations on Friday demanded formal apologies from countries that benefited from transatlantic slavery, as well as debt relief and

Cubans greet sweeping market reforms with hope, doubt and fatigue

Cubans in Havana reacted with a mix of hope, skepticism and exhaustion on Friday after the government approved its biggest market-oriented reforms in

With Lebanon ceasefire set, Trump envoy heads to Switzerland for U.S.-Iran talks

Israel and Hezbollah agreed to a ceasefire in Lebanon on Friday after an escalation in fighting there jeopardised the chances

Scotland fans have descended on Boston for the World Cup, and bars are struggling to keep up

Scotland fans have brought a festive atmosphere to Boston during the World Cup

City warns drivers about fake vehicle boot scam using real parking notices

City warns drivers about fake vehicle boot scam using real parking notices

Police arrest suspected 'bank jugger' accused of targeting victims leaving banks

Police arrest suspected 'bank jugger' accused of targeting victims leaving banks

Morales waits in wings as Bolivia crisis tests Trump-backed government

By Cassandra Garrison LA PAZ, June 19 - In the forests of Bolivia’s Chapare region, Evo Morales is watching — and waiting.

City delays tourism funding as residents voice concerns about overcrowding

City delays tourism funding as residents voice concerns about overcrowding

Brent set for 8% weekly fall as Israel, Hezbollah agree ceasefire

Brent crude ticked higher on Friday, but stayed set for a weekly fall of around 8%, after Israel and Hezbollah agreed on a ceasefire in

Cargo ship's chief engineer charged in 2024 Francis Scott Key bridge collapse in Baltimore

Prosecutors have charged the chief engineer of the cargo ship Dali in connection with the 2024 collapse of Baltimore’s Francis Scott Key Bridge

US push to get Iran talks started hits an early bump. Vance stays at home, for now

The American push for high-stakes talks with Iran has hit a snag

California pastor helped launch safe parking sites at churches for homeless residents

California pastor helped launch safe parking sites at churches for homeless residents

As grocery stores disappear across Milwaukee, residents face longer trips for fresh food

As grocery stores disappear across Milwaukee, residents face longer trips for fresh food

Stellantis holds 9.5% stake in solid state battery startup Factorial, filing shows

Automaker Stellantis holds a 9.5% stake in U.S. solid-state battery startup Factorial Energy and might buy further shares in the future, a SEC filing showed.

Iran’s hardliners threaten to spoil the regime’s victory lap

Iran’s hardliners threaten to spoil the regime’s victory lap

Toy Story 5’s ‘Lilypad’ is an indictment of the world that birthed the ‘iPad Kid’

The film zeros in on the generation of children whose formative years are unfolding in front of screens.

Black bank card program to steer cash payments to single mothers in government housing

One of the few Black-owned banks in the U.S. is introducing a debit card aimed at helping single mothers who live in government subsidized housing escape poverty

Trump’s new acting intel chief Bill Pulte arrives early, eyes firing hundreds

Trump’s new acting intel chief Bill Pulte arrives early, eyes firing hundreds

Qantas locks in launch date for Sydney-London nonstop flights as it debuts the custom jet designed for the trip

Qantas locks in launch date for Sydney-London nonstop flights as it debuts the custom jet designed for the trip

In Colombia's Caribbean, neighboring towns back opposing presidential candidates

At first glance, these neighboring municipalities set along Colombia's sweltering Caribbean coast have much in common.

Russian central bank trims rate by 25 bps to 14.25% amid fuel supply, budget risks

The Russian central bank cut its benchmark interest rate by 25 basis points to 14.25% on Friday, a smaller move than the 50 bps that

Yen teeters on cusp of 40-year low, pound firms

The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning

India rate panel downplays case for pre‑emptive rate move in meeting minutes

India's rate panel chose to adopt a wait and watch approach inkeeping interest rates on hold earlier this month, to see if higher oil and food prices are

US equity fund inflows surge on Iran deal, tech draws record weekly investments

U.S. equity funds attracted a massive influx of capital in the week through June 17, as optimism over an interim U.S.-Iran deal to end the war and reopen the Strait of Hormuz eased

Peace now or maybe later?

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! 

UK PM Starmer vows to fight any challenge after leading rival Burnham wins big

British Prime Minister Keir Starmer said on Friday he would not walk away, vowing to fight any challenge from

Canada's MDA Space to buy Blue Canyon in $620 million deal

Canadian space technology firm MDA Space said on Friday it would buy U.S.-based Blue Canyon Technologies from RTX's Raytheon business for $620 million in cash, expanding its

Shares ease as investors ponder US-Iran peace talks; yen nears 40-year lows

Global shares dipped on Friday after U.S. and Iranian negotiators called off peace talks, while the risk of official Japanese intervention simmered as the

BMW prepares for talks with staff in wake of profit warning

BMW and staff representatives are preparing for talks after the German premium carmaker issued a profit warning this week and said it would accelerate

US-Iran peace talks in Switzerland called off, clouding prospects for lasting truce

Switzerland said U.S. talks with

Simplifying Europe's bank rules could unlock €2 trillion in lending, industry says

Europe's banking sector could boost lending by more than €2 trillion ($2.2 trillion) if regulators were to simplify rules while maintaining financial

European stocks tick lower as mining losses weigh

European shares inched lower on Friday as mining stocks tracked a fall in metals prices and investors remained cautious after U.S.-Iran negotiations to end the Middle East conflict

EU leaders to discuss new sources of financing for EU budget in Oct

European Union leaders on Friday asked Ireland, which takes over the rotating EU presidency in July, to propose by October new sources of money for

Europe's mid-sized inflation shock requires measured response, ECB's Lane says

The euro zone economy is in the midst of a mid-sized inflation shock, with inflation holding above 3% for the rest of the year, a situation that requires a "measured" policy

Weekly inflows into global equity funds hit 19-month highs on Iran deal optimism

Investors poured the most capital in roughly 19 months into global equity funds in the week to June 17, buoyed by optimism over an interim deal to end the U.S.-Iran war and

Warsh brings a skinny Fed approach to a complex, information-hungry world

U.S.

Investors see Micron earnings as pulse check of AI rally momentum

Investors are seeking signs that the U.S. stock market rally fueled by artificial intelligence has more life left in it, and the upcoming Micron

How Trump's deal with Iran compares to Obama's

President Donald Trump has insisted that the deal he has reached with Iran is superior to the one that President Barack Obama

Oil prices are falling and stocks are up. Traders worry they’ve gone too far

Oil prices are falling and stocks are up. Traders worry they’ve gone too far

World shares are mixed and US futures fall after a tech-led rally on Wall St

World shares are mixed, with markets in Greater China closed for holidays

What Americans think about Trump's handling of Iran, according to a new AP-NORC poll

A new AP-NORC poll finds that Trump’s approval on Iran remained low, at 34%, even as a deal to reopen the Strait of Hormuz and restart negotiations materialized

China tightens indium export checks as AI demand increases

China is stepping up scrutiny over exports of indium, leading some buyers to fear the niche metal, sought after for next-generation data centers, may be

Czech Republic will miss NATO defence spending target again this year, PM Babis says

The Czech Republic will not meet NATO's minimum defence spending target again this year, but will aim to meet it from 2027, Prime Minister Andrej Babis said on Friday.

BOJ may raise interest rates twice by March, says ex-BOJ policymaker

The Bank of Japan may raise interest rates twice by the end of the current fiscal year, after making a landmark shift in its policy focus

No UN sanctions lifting on Iran without France's approval, foreign minister says

France wants to play a role in talks dealing with Iran's nuclear programme and will not approve the lifting of UN sanctions unless it is satisfied by the terms of a final

The economic consequences of the peace

A U.S. Iran deal is in place for now but the next few weeks will test whether a more permanent agreement can be reached.

Bank of England tests resilience of private markets to severe global shock

The Bank of England on Friday set out the scenario for this year’s stress test of private markets, modelling a severe global shock that sends equity markets down 35% and

Ladbrokes-owner Entain explores options for CEE unit, sources say

Ladbrokes-owner Entain has begun exploring options for its joint venture in Central and Eastern Europe, including a possible sale, three

Bank of Japan Governor Ueda discharged from hospital

Bank of Japan Governor Kazuo Ueda was discharged from hospital on Friday, the central bank said.

Higher inflation drives jump in UK budget deficit in May

British government borrowing jumped much more sharply than expected in May as higher inflation pushed up the cost of servicing index-linked debt, in

Exclusive: Ex-Trump official: US-Iran framework is ‘enormously helpful’ to Iran

Exclusive: Ex-Trump official: US-Iran framework is ‘enormously helpful’ to Iran

More than 1 billion barrels of oil have gone missing

More than 1 billion barrels of oil have gone missing

ECB’s Wunsch keeps July hike in play even as Iran deal eases energy prices

The European Central Bank may raise interest rates one more time as soon as next month if it sees more evidence of euro zone inflation spreading

Weather warms up UK retail sales in May in boost for economy

British consumers did more shopping in May and April's sharp drop was revised up as hot weather boosted sales of summer items like fans and paddling pools,

ASML denies selling EUV chipmaking tool to China after report of US concern 

Chip-equipment maker ASML said on Friday it had never shipped an extreme ultraviolet (EUV) lithography machine to China, after a

Pentagon tells US lawmakers it needs $80 billion for Iran war and other bills, WSJ reports

The U.S.

Ample world inventories may soften El Nino food supply shock

A super El Nino is likely to unsettle global weather and threaten food output in the coming months, but near record world inventories, expectations of

KPMG Australia scandal widens after it confirms Optus data was also misused

KPMG Australia staff shared sensitive information about telecom firm Optus with another internal team bidding for an audit contract for its

What a great week for peace

(Corrects graphic link) A look at the day ahead in European and global markets from Stella Qiu President Donald Trump's greatest TACO of all time, peace with Iran, has stock markets once again hitting

BHP shares slide most in over a year on $2.3 billion charge at Canada project

Shares of BHP Group slipped the most in more than a year on Friday, after the miner flagged cost overruns and a $2.3 billion charge linked to

Gulf airlines get back to business as flights near pre-war levels

Say it quietly, but Gulf airlines are back in business.

‘If it doesn’t work out, I’m blaming JD’: Vance’s risky gambit on Iran peace efforts

‘If it doesn’t work out, I’m blaming JD’: Vance’s risky gambit on Iran peace efforts

The Minions and their 'big boss' Chris Meledandri keep a blockbuster machine humming

At a time of perpetual upheaval in Hollywood, the Paris-based animation studio Illumination has become one of Hollywood’s most consistent blockbuster-making operations

Indonesia's Prabowo taps Danantara to drive agenda, testing fund's capacity

A rapid expansion of Indonesia's sovereign wealth fund Danantara's mandate is entrenching its role as a key vehicle for President

Indonesia to halt free meals during school break, scale back programme scope

Indonesia will halt the government's flagship free meals programme for children during school holidays and will also scale back the reach of the scheme, an official said

BOJ flags risk of inflation overshoot, signals rate-hike intent

Bank of Japan Deputy Governor Ryozo Himino on Friday said inflation could overshoot the bank's 2% target and flagged the cost of being too late in raising

US vice president cancels trip for peace talks with Iran

U.S.

Hyundai to buy SoftBank's remaining stake in Boston Dynamics for $325 million, newspaper says

Hyundai Motor Group plans to buy SoftBank Group's remaining 9.65% stake in Boston Dynamics for $325 million to make the U.S. robotics firm a wholly owned subsidiary, South

High-wire diplomacy delivered US-Iran deal but hardest stage lies ahead, sources say

Pakistani mediators spent weeks juggling late-night calls and competing drafts before a Qatari push

California labor union offers to scale back billionaire tax proposal after pushback

A California labor union has offered to scale back a proposal to temporarily increase taxes on billionaires, but it wasn’t enough to get the governor on board

Some in BOJ called for faster rate hikes, April minutes show

Some Bank of Japan board members called for raising interest rates more swiftly if the Middle East conflict is prolonged, to avoid underlying inflation from overshooting,

US launches trade investigation into Germany over drug pricing

The U.S. has launched a trade investigation into a German plan to lower its spending on pharmaceutical products, to see whether it is unreasonable or

Sports cannot become a luxury, says Mamdani, outlining plans to air World Cup throughout New York

New York City Mayor Zohran Mamdani plans to put World Cup matches on hundreds of kiosks across the five boroughs, as the city's leader who ran on a

US hails initial meeting between Venezuelan government, opposition

The United States said on Thursday it welcomed a meeting between Jorge Rodriguez, the head of Venezuela's National Assembly legislature, and Dinorah Figuera, a former opposition

UK consumers remain subdued as they brace for tougher times, GfK survey shows

British consumer confidence held steady in June but younger people turned more pessimistic about the economy and their personal financial situation against a backdrop of

Japan's May core inflation stays below BOJ target, fuel-induced rise eyed

Japan's annual core inflation stayed below the central bank's 2% target for a fourth straight month in May, data showed on Friday, as fuel subsidies offset

Cuban lawmakers approve sweeping reforms to socialist model amid US pressure

Cuban lawmakers unanimously approved sweeping reforms backed by the Communist Party and former leader Raul Castro that would privatize a

Japan May core CPI rises 1.4% yr/yr

Japan's core consumer prices rose 1.4% in May from a year earlier, government data showed on Friday.

Dali chief engineer reaches deferred prosecution deal over 2024 Key bridge collapse

The chief engineer of the cargo ship Dali that destroyed Baltimore’s Francis Scott Key Bridge in a March 2024 collision that killed six construction

South Dakota man whose life sentence was commuted by Noem now implicated in his niece's death

A South Dakota man whose sentence of life in prison was commuted by former Gov. Kristi Noem is now implicated in the death of his 14-year-old niece

Trading Day: Stocks rally, oil hits pre-Iran-war lows as Strait of Hormuz reopens for business

A tech-powered rally boosted U.S. stocks on Thursday, while crude prices dropped as supertankers sailed through the reopened Strait of Hormuz hours after

US ICE says detainees at 'Alligator Alcatraz' detention center are relocated

Detainees at Florida's "Alligator Alcatraz" migrant detention center have been relocated to other facilities, the U.S.

Biggest ever US clean energy project is complete after nearly two decades

The biggest ever U.S. clean energy infrastructure project, an $11 billion wind farm and transmission line in New Mexico, is fully operational after nearly two decades of permitting

EU leaders agree to renew Russia sanctions for 12 months

European Union leaders agreed on Thursday to renew sanctions against Russia over its war against Ukraine for another 12 months, a spokesperson for the chair of the

SpaceX gets investment-grade ratings with stable outlook from top agencies

SpaceX on Thursday landed investment-grade credit ratings from Moody's, Fitch and S&P Global Ratings, each assigning a "stable" outlook after the Elon Musk-led company's high-

Meta signs new AI computing deals with data center firm Crusoe, Bloomberg News reports

Meta Platforms has secured new agreements to get AI computing power from data center developer Crusoe, Bloomberg News reported on Thursday, as it strengthens infrastructure

Republicans blast Trump's Iran agreement as details emerge

U.S.

Residents return to war-ravaged southern Lebanon with hope and sorrow after the US-Iran deal

Many Lebanese from the country's south hope the U.S.-Iran deal marks the start of better times

US gas prices dip below $4 for 1st time since March but remain 25% higher than last year

U.S. gas prices have fallen to just below $4 a gallon on average, bringing some relief to drivers who have seen soaring costs amid Washington’s war with Iran

Maryland exercises its right to match an $85 million offer to keep Preakness branding rights

Maryland Gov. Wes Moore said the state will exercise its right of first refusal to match Churchill Downs Incorporated's $85 million offer for intellectual property of the Preakness Stakes and Black-Eyed Susan Stakes

US extends flight limits at New York area airports

The Federal Aviation Administration on Thursday said it was extending flight limits at the three major New York City area airports, citing air

Carney says Canada, US held detailed, technical trade talks at G7

Canadian Prime Minister Mark Carney said on Thursday he and his team had a series of discussions on trade issues with U.S. officials at the G7 summit in France this week, including

Foreign holdings of US Treasuries rise in April, led by Japan, UK, data shows

Foreign holdings of U.S.

Dollar hits one-year high on Fed hike bets; Japan warns on yen

The U.S. dollar index hit a one-year

Lastest Fed financial disclosures an exercise in contrasts

The latest round of Federal Reserve financial disclosures is coming with an unusually wide range of granularity.

Cuba proposes sweeping reforms to socialist model amid US pressure

Cuba`s prime minister on Thursday presented lawmakers with sweeping measures backed by the Communist Party and former leader Raul Castro that would privatize a vast swath

Brent rises after Vance warns Israel against breaking ceasefire

Brent crude oil prices rose on Thursday after U.S.

Foreigners bought $103 billion of US securities in April, Treasury holdings rise

Foreigners bought an estimated $103 billion of U.S. long-term securities in April while boosting their holdings of Treasury securities by $4 billion, the

MLB owners propose banning high school signings, adding an international draft

Baseball owners proposed banning high school players from signing with major league teams, raising the age for international amateurs and slashing the money spent on signing bonuses in negotiations for a new collective bargaining agreement Thursday

The Trump administration says it is cutting student loan interest. Here are some facts and context

The Department of Education has announced a reduction in interest rates for federal student loans, describing it as part of a plan to make higher education more affordable

Trump’s Iran agreement draws rare reproach from powerful Republicans

Trump’s Iran agreement draws rare reproach from powerful Republicans

Stocks rise on Wall Street, erasing much of their loss from a day earlier

Stocks closed higher on Wall Street, taking back most of their losses from a day earlier that were driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation

Some GOP senators and Trump allies have harsh reviews of his agreement to end Iran war

Republican leaders on Capitol Hill are voicing strong reservations —- and some outright condemnation — of the Trump administration’s agreement to end the fighting in Iran

Democrats say money from Trump's tax cuts bill is paying for White House ballroom project

More than $350 million from President Donald Trump’s “big, beautiful bill” has been quietly directed to White House security

Federal regulators order grid operators to speed power to energy-hungry AI data centers

Federal regulators have ordered regional grid operators to help large energy users connect more quickly to the nation’s inefficient and aging electric transmission system

Will US and international sanctions on Iran be lifted?

The U.S. has started waiving some sanctions on Iran under their interim deal to end the war, but fully unravelling a tangled web of restrictions on the country's activities

Top US energy regulator pushes grids to overhaul data center power rules

The top U.S. energy regulator ordered the country's electric grid operators on Thursday to consider new protocols to quickly connect very large energy

Slovak government wins confidence vote after debt breach

Slovakia's parliament backed the government on Thursday in a confidence vote triggered by a breach of the country's legal debt limits, but the move sharpened debate over fiscal

Wall St indexes advance with boost from chips, Iran optimism

U.S. stock indexes rallied on Thursday, with the Nasdaq's 1.9% advance boosted by gains in semiconductor shares, while inflation fears eased

CME sues US CFTC over letting Kalshi, Coinbase offer perpetual futures

The Chicago Mercantile Exchange sued the U.S.

SpaceX shares fall as post-IPO frenzy loses steam

Shares of SpaceX dropped more than 6% on Thursday, as the post-IPO frenzy that briefly placed Elon Musk's rockets-to-AI firm among the

There are many questions about the Iran deal. Here are (some) answers.

The agreement struck between the United States and Iran aims to end the war, reopen the Strait of Hormuz, ease sanctions on the Islamic Republic and relaunch nuclear talks with a 60-day deadline

Second Moscow refinery attack this week damages units, sparks fires, sources say

A second drone attack this week on Gazpromneft's Moscow refinery has damaged processing units and sparked multiple fires across the site, industry sources said.

Vance, skeptical of foreign wars, becomes the face of Trump's Iran war deal

Vice President JD Vance has embraced the role of being the chief defender of the agreement he and President Donald Trump signed with Iran over the weekend

Stocks climb on chips, Brent gains on Iran deal doubts

Major stock indexes climbed on Thursday as semiconductor shares jumped, while Brent oil touched its lowest level in weeks before finishing

White House sends text of interim US-Iran agreement to US Congress

The White House provided a copy of the interim U.S.-Iran agreement to the U.S.

Stranded ships have begun transiting the Strait of Hormuz, maritime data company says

Maritime data company Lloyd’s List Intelligence says major shipowners have begun moving vessels through the Strait of Hormuz

Allies announce $1 billion for Ukraine weapons package under PURL, Kyiv's defence minister says

Ukraine's allies have announced contributions to NATO's Prioritised Ukraine Requirements List programme for $1 billion at a meeting of the Ukraine

JPMorgan taps Walter to lead workplace solutions unit as La Padula heads to IRS

JPMorgan has tapped insider Ben Walter to oversee the bank's workplace solutions business, according to an internal memo seen by Reuters on Thursday.

US Treasury imposes sanctions on Lebanese officials, others for aiding Hezbollah

The U.S. government on Thursday announced sanctions against Lebanese officials it said were aligned with Hezbollah and members of the previously sanctioned Alaa Hassan

US-Iran deal redraws the Middle East: Iran gains, rivals alarmed

The U.S.-Iran agreement — the first signed by an American and an Iranian president since Iran's 1979 Islamic Revolution — is being hailed by its backers as

Kardigan surges in Nasdaq debut after upsized $400 million IPO

Kardigan's shares rose 31% above their initial public offering price on Thursday after the heart drug developer raised $400 million in an

EU leaders weigh tougher measures to combat China trade imbalance

European Union leaders debated on Thursday new and tougher measures that could be needed to curb the bloc's growing trade deficit with China and its

SpaceX bankers prepare for potential $20 billion bond offering, sources say

SpaceX's bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, two sources familiar with

Macron's diplomatic efforts bring Trump closer to European views

French President Emmanuel Macron's effort to court U.S. President Donald Trump culminated in a surprise moment at the Versailles Palace

Supreme Court sides with a Texas man who says it’s not a crime for marijuana users to have guns

The Supreme Court has ruled against a broad federal ban on gun ownership by marijuana users

RFK Jr. visits Michigan to announce $700M plan to fight drug addiction and homelessness

RFK Jr. visits Michigan to announce $700M plan to fight drug addiction and homelessness

Cuba’s Communist Party approves emergency economic plan opening to private enterprise

Cuba's Communist Party has approved an emergency economic package with unprecedented free-market measures

Easing tensions with Iran push mortgage rates lower — but a potential Fed rate hike clouds the outlook

Easing tensions with Iran push mortgage rates lower — but a potential Fed rate hike clouds the outlook

Pastor helped launch safe parking sites at churches for homeless residents

Pastor helped launch safe parking sites at churches for homeless residents

US weekly jobless claims stay elevated amid seasonal volatility, but labor market stable

The number of Americans filing claims for unemployment benefits fell last week, but remained at slightly higher levels, suggesting some moderation in

Oil flows through Hormuz will take time to recover, banks say

A recovery in oil flows through the Strait of Hormuz and oil production following the U.S.-Iran interim peace deal will take time, potentially several months, analysts at two banks

Zimbabwe's 'Crocodile' leader makes another move to consolidate power

Emmerson Mnangagwa's political skills may have earned him the nickname "The Crocodile", but it still took half a century of working under Robert Mugabe

Indian regulator proposes new risk curbs, wider funding option as margin trading surges

India's markets regulator on Thursday proposed new measures to better manage risks and broaden funding avenues, as margin trading facility (MTF) volumes show an increase.Here are

India-US trade deal had created uncertainty between two nations, India's foreign secretary says

The trade deal between the United States and India was a major subject of discussion between Prime Minister Narendra Modi and U.S.

Brazil yield curve steepens on policy decision seen as dovish

Brazil's debt yield curve reacted sharply on Thursday to a central bank decision considered dovish, as policymakers cut interest rates and left the door

Accenture forecast takes hit from Iran war, shares tumble over 17%

Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending

BMW 'on right track', chairman says, as profit warning hits shares

BMW is "on the right track" with its next-generation models, supervisory board Chairman Nicolas Peter said on Thursday, days after a shock profit warning

Apple allows alternative app stores, payments in Brazil after deal with regulator

Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an

Italy neutral on Monte Paschi, may sell its stake through share placement

The Italian government will take a neutral stance regarding merger and acquisition moves targeting bailed-out bank ​Monte dei Paschi di Siena (MPS), the

J.P. Morgan delays BoE rate hike forecast to November amid inflation risks

J.P.

Fed's Cook spent $1.2 million on legal services fighting firing by Trump

Federal Reserve Governor Lisa Cook, who is fighting an effort by U.S.

Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down

The average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced

Brazil police target top Lula ally in widening Banco Master lender probe

A snowballing graft scandal crept closer to Brazil's president on Thursday with a federal police raid targeting his top ally in Congress, adding to the

Ukraine launches largest attack on Moscow since start of full-scale war

Ukraine launches largest attack on Moscow since start of full-scale war

QUOTES-Bank of England policymakers set out views on rates outlook in minutes of June meeting

The Bank of England left interest rates on hold at 3.75% on Thursday after a split 7-2 vote by its Monetary Policy Committee.

London's FTSE 100 falls 1% as miners and tech weigh; BoE holds rates

Britain's FTSE 100 fell on Thursday, pressured by miner and technology shares, while the Bank of England left interest rates unchanged, as

UniCredit turned to CEO Orcel's brother to broker Russia sale

Riccardo Orcel, a former senior banker at Russian state-backed bank VTB Group and brother of UniCredit CEO

Brazil still has room for more interest rate cuts, says finance minister

Brazil's Finance Minister Dario Durigan said on Thursday that there was still room for further interest rate cuts in Brazil, but emphasized that it was the

Wall St opens higher as Iran deal optimism offsets hawkish Fed

Wall Street's major indexes advanced on Thursday with technology shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve

Colombia's De La Espriella seeks presidency with nationalist law-and-order campaign

Abelardo De La Espriella, a lawyer and businessman with no political experience, burst onto the political scene last year and is now favored to be

Manus original investors plan to buy back AI firm from Meta for $2 billion, The Information reports

The early Chinese backers of AI startup Manus are planning to buy the company back from Meta at the $2 billion price that the Facebook parent paid, The Information reported on

Ukraine brings the war to Moscow as huge blasts shake refinery

The blast was so powerful that the huge disc-shaped lid of an oil storage tank was launched into the sky over Moscow like a frisbee.

Democratic socialist Janeese Lewis George’s opponent concedes in DC mayoral race

Democratic socialist Janeese Lewis George’s opponent concedes in DC mayoral race

Sunken wreck of WWII ‘hell ship’ used to transport POWs discovered after more than 80 years

Sunken wreck of WWII ‘hell ship’ used to transport POWs discovered after more than 80 years

Quartz countertops are driving a public health crisis in the US – 2 occupational health experts explain the surge of lung transplants and lawsuits

Workers are facing a preventable and incurable lung disease from a material being used to renovate kitchens in millions of American homes.

Bank of Spain sees steady quarterly growth, keeps 2026 forecast

Spain's economy likely expanded by 0.5%-0.6% in the second quarter from the preceding three months, when it grew at a similar pace of 0.6% to outperform other large euro

U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low

The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years

US banks to make final push on capital rule changes as Fed wraps up consultation

Large U.S. banks on Thursday formally pitched the central bank on tweaks to a regulatory proposal aimed at reducing funds they must

Pfizer CFO Dave Denton to leave company in August

Pfizer said on Thursday that finance chief Dave Denton will leave on August 15 to return to the consumer goods industry, after helping the U.S. drugmaker

Bank of Spain sees few risks from red-hot housing market

Spain's housing market is expanding strongly, but without presenting the financial stability risks seen in past property booms, the Bank of Spain said in its 2025 annual

US signs $725 million loan pact with Energy Fuels to boost domestic rare earth production

The U.S. government signed a $725 million conditional loan commitment on Thursday with Energy Fuels to boost domestic processing of rare earth

Iran peace not stopping central banks from raising borrowing costs

The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of

Bank of England votes 7-2 to keep rates at 3.75%

The Bank of England kept interest rates on hold at 3.75% in June, as it has since the start of the U.S.-Iran war, judging it would be

Kroger flags rising inflation as consumers curb spending

U.S. supermarket-chain operator Kroger stuck to its annual forecasts on Thursday but warned of rising inflationary pressure in the back half of the year,

US announces targeted visa restrictions for some Ethiopians

The U.S.

Philosopher, senator, exile: social reformer Cepeda seeks Colombia's presidency

Leftist senator and activist Ivan Cepeda, whose youth was marked by exile and the political assassination of his father, is vying for Colombia's

Rate hikes are on for the G10 economies

The agreement between the United States and Iran to end their war, and the subsequent fall in oil prices, are good news for central bankers worried that high

Tim Cook says iPhone prices will rise. Trump says Apple will make US chips with Intel

Tim Cook says iPhone prices will rise. Trump says Apple will make US chips with Intel

A special election in the UK could hasten the rise of Andy Burnham and the end for Keir Starmer

Keir Starmer's future as Britain's prime minister is on the line in a special election in Makerfield in northwest England

Bank of England holds main interest rate at 3.75% as Iran war inflation pressures ease

The Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war

At Hong Kong auto show, China automakers target wealthy in right-hand-drive markets

Chinese automakers are speeding into right-hand-drive markets from Australia to

Three Saudi-flagged supertankers sail through Hormuz after Iran deal signed, data shows

Three Saudi-flagged supertankers with 6 million barrels of crude onboard and other ships sailed through the Strait of Hormuz hours

UN food agencies seek $202 million to shield 8.8 million people from El Niño

The United Nations' Food and Agriculture Organization and World Food Programme on Thursday appealed for $202 million to help protect 8.8 million people across 22 high-risk

Taiwan central bank raises growth outlook, flags inflation concerns

Taiwan's central bank on Thursday raised its growth outlook for the year thanks to the AI boom, while keeping its policy interest rate steady

Kremlin says Europeans probably 'pumped' Trump with harmful ideas during G7 summit

A top Kremlin aide said on Thursday that European leaders had probably pumped Donald Trump with harmful ideas at this week's G7 summit, but that the U.S. president was a

Russian attacks could cut Ukraine grain exports by a third

A rise in Russian attacks on Ukrainian seaports and vessels could cut monthly grain shipments by as much as a third and have left terminal operators facing

Kevin who? MoU trumps Fed

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets bristled at the Federal Reserve’s hawkish tilt -

Russian regulator demands explanation after one Moscow petrol retailer hikes prices by 19%

Russia's anti-monopoly watchdog on Thursday asked a major petrol retailer in Moscow for an explanation after it hiked prices for 95-octane petrol by 19% in the last week.

Lithuania's new coalition seeks long-term US military presence

Lithuania's reshuffled government will aim to secure a long-term presence of U.S. military units in the NATO country, which borders both Russia and Belarus, a coalition

Hungary urges EU parliament to drop lawsuit over funds release

Hungarian Prime Minister Peter Magyar said on Thursday he would ask the European Parliament (EP) to withdraw its 2024 lawsuit against the European Commission over the

Zelenskiy says 'Moscow will burn' if Russian strikes continue

Ukrainian President Volodymyr Zelenskiy said on Thursday heavy drone attacks on Russia were retaliation for a strike that damaged a historic monastery in Kyiv this week, and

The 14-point US-Iran pact White House sent to Congress

The White House on Thursday sent Congress the text of an interim U.S.-Iran agreement to halt the war and open the Strait of Hormuz. 

US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue

An initial agreement to end the war between the United States and Iran calls for Tehran to dilute its stockpile of highly enriched uranium and would waive sanctions on the country, immediately allowing Iran to sell its oil freely

This city had a flooding problem. So it turned to an animal that had been extinct there for 400 years

This city had a flooding problem. So it turned to an animal that had been extinct there for 400 years

Trump says Apple to partner with Intel on US chip design, production

U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States.

Hormuz reopening to release wave of oil supply, depress prices

Middle Eastern crude oil prices are likely to fall if the Strait of Hormuz reopens on Friday following the U.S.-Iran

Taiwan needs US weapons for self-defense as threat from China grows, diplomat tells AP

Taiwan's top diplomat in the U.S. says the island needs American weapons to bolster its self-defense against the growing threat from China

Satellite observations detect 'urban pulse' of six global cities

While a city is not a living organism, it behaves very much like one.

European shares retreat as markets mull hawkish US Federal Reserve

European shares slipped on Thursday as investors increased bets on a U.S.

Investors brace for less predictable Fed as Warsh rewrites playbook 

The Kevin Warsh era at the Federal Reserve began with a jolt on Wall Street, with investors bracing for sharp moves as the central

Average US gas price drops below $4 - barely

Average US gas price drops below $4 - barely

Citi delays outlook for Fed-cut timeline; data, speeches in focus after Warsh policy reform

Citigroup has pushed back its expectation for the U.S.

China's African tariff removals, trade surge spur yuan adoption

Surging Chinese trade with Africa and lifting of tariffs for most countries on the continent look set to boost yuan use, aiding Beijing's bid to build

China seen holding rates unchanged as uneven economic recovery persists

China is expected to keep benchmark lending rates unchanged for a 13th consecutive month in June, a Reuters survey showed, as a K-shaped divergence in the broad economy

Switzerland loses top spot in competitiveness ranking to Singapore

Switzerland has lost its top spot to Singapore in a world ranking of economic competitiveness published on Thursday, as rising global volatility hurt its

China's mid-year shopping festival highlights weak demand, rising role of AI

China's second-biggest shopping festival is drawing to a subdued close, underscoring weak consumer confidence and government pressure on e-

Sweden, Norway and Canada to announce defence package for Ukraine, Sweden says

Sweden, Norway and Canada will announce a new Prioritised Ukraine Requirements List (PURL) package to supply Ukraine with U.S. weapons, Sweden's Defence Minister Pal

UK pay growth beats expectations before BoE decision

British wages grew faster than expected in the three months to April and unemployment fell, according to official data that painted a

German growth hit by Iran war energy shock, IMK says

Germany's economy will grow less than previously expected this year and next as the Iran war and a resulting energy price shock weigh on consumption and

Swiss lower house of parliament rejects Mercosur trade deal

Switzerland's lower house of parliament has rejected an agreement with the South American trade bloc Mercosur amid opposition from both the right and left of the political

Drone strikes beyond the battlefield pump up market for technology to repel them

Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for

A jailed billionaire’s Birkin bags are going on sale. It won’t be enough to repay her victims

A jailed billionaire’s Birkin bags are going on sale. It won’t be enough to repay her victims

Motor racing-F1 sponsorship could give BYD lower-risk route to global recognition

Electric vehicle giant BYD is interested in getting involved with the Formula One motor racing circuit as it aims to boost its brand outside its home

HSBC's Australia unit to pay $24.6 million fine over scam protection failures, court rules

An Australian court has ordered HSBC's local unit to pay A$35 million ($24.61 million) after the bank admitted to failures in protecting customers from scams, the country's

Wall street urges US regulators to further ease Basel capital rules, FT reports

Wall Street groups are warning US regulators that their plans to implement "Basel Endgame" global bank capital requirements will affect liquidity in Treasury markets, urging them

Japan vows to act 'any time' on yen as markets brace for intervention

Japan is ready to respond appropriately to exchange-rate moves at any time, the government's top spokesperson said on Thursday as the yen's

German industry employment falls to ten-year low, study shows

The number of people employed in German industry in 2025 fell to a 10-year low of just 6.6 million workers, a study by the German Economic Institute (IW)

Thailand revives $30 billion coast-to-coast corridor to rival Malacca Strait

Chaiyaporn Arunrasamee hunched over his fishing nets, overlooking the waters of the Andaman Sea, where Thailand's government is proposing an

JPMorgan blocks Anthropic AI access for Hong Kong staff, FT reports

JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic's AI models, in a sign of intense scrutiny on the technology's use outside the U.S., the Financial Times

Iran war fuel spikes lift Europe's EV sales again, but growth may not last

Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across

Warsh debut raises rate-hike stakes

(Corrects to delete extraneous words from paragraph 2) A look at the day ahead in European and global markets from Ankur Banerjee Federal Reserve Chairman Kevin Warsh seized the stage in his debut

A city's push for facial recognition on public buses ignites debate over security and privacy

Kansas City, Missouri, plans to boost security by installing facial recognition cameras on buses

Aramco, seeking tens of billions of dollars, lines up more asset sales, sources say

By Hadeel Al Sayegh, Federico Maccioni and Yousef Saba DUBAI, June 17 - Saudi Aramco is considering the sale of a stake in its sulphur business, three sources with knowledge of the matter told Reuters

Australia softens impact of capital gains tax reform on small businesses after backlash

The Australian government, in a major turnaround, announced on Thursday changes to its capital gains tax overhaul after critics warned the planned reforms would stifle

Apple to raise prices due to memory chip shortage, CEO tells WSJ

Apple plans to raise prices on its products to offset increasing memory and storage chip costs, CEO Tim Cook told the Wall Street Journal in an interview.

Putin hosts leaders of Southeast Asian nations, seeking to boost their business ties

Russians President Vladimir Putin hosted leaders of the Association of Southeast Asian Nations, seeking to bolster business and other ties with members of the regional bloc

New York LaGuardia airport reopens runway after addressing pavement issue

New York's LaGuardia airport said on Thursday it had reopened a runway that was closed the previous evening to address a pavement issue, the second time in less than a month it has

Congress to hold hearing on US airline competition, regulation

A House of Representatives panel will hold a June 24 hearing on the state of U.S. airline competition and regulation after the collapse of low-cost

Ukraine's Zelenskiy says he spoke to Trump, Macron after G7 summit

Ukrainian President Volodymyr Zelenskiy said late on Wednesday he had spoken to U.S.

KKR bets $1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus

Private equity firm KKR on Wednesday disclosed a $1.4 billion fresh bet on aircraft leasing with partner Altavair, as persistent supply shortfalls at

Nippon Steel 'not yet satisfied' with US Steel reforms, Nikkei reports

Nippon Steel has seen positive results from efforts to improve operations at U.S.

Bank of England on track to hold rates as Iran response eyed

The Bank of England looks on course to keep interest rates unchanged at 3.75% later on Thursday as it assesses what a tentative truce in the Iran war

Brazil cuts interest rates again, leaves door open for more

Brazil's central bank cut rates at a third straight meeting on Wednesday and left its next steps open, acknowledging a tougher inflation outlook and

US and Iran presidents sign ceasefire agreement, but Trump says he could still resume attacks

The U.S. and Iran released the text of an interim agreement their presidents have signed to end their

UN food agencies warn acute hunger will worsen in 13 hot spots as famine risks rise

The United Nations’ food agencies warn that acute hunger is set to worsen across 13 global hot spots in the coming months, calling for urgent action

Man who died in Texas plane crash was a key figure in seeding Austin's technology boom

The man who died in this week's crash of a small jet in Texas was a well-known entrepreneur named Joshua Baer who was a successful investor in technology startup companies

What challenges could stand in the way of a final US-Iran deal?

When U.S. and Iranian negotiators sit down in Switzerland on Friday after nearly four months of war, the stakes couldn’t be higher as they face an

Trading Day: US stocks end lower, dollar jumps as Federal Reserve kicks off Warsh era

Wall Street stocks turned sharply lower on Thursday, the dollar extended its gains and Treasury yields crept higher after the U.S.

Trump says US would do better without USMCA trade agreement

U.S.

Ant Group-backed DSC targets $901 million valuation in US IPO

China's DSC Holdings, which provides operating systems for used car dealers in China, is targeting a valuation of up to $901 million in its U.S. initial public offering, the auto

Warsh kicks off Fed chief era with sweeping review as rates remain unchanged

By Howard Schneider, Ann Saphir and Michael S.

Warsh Fed holds rates steady. Trump says 'It's all right. Whatever.'

President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with a

Trump ties Iran deal to market swings, warns war risked 'catastrophe'

U.S.

US in talks with Jamaica to send third-country migrants as rift widens in Caribbean

Jamaica is discussing with the United States the acceptance of third-country deportees

US Open braces for a tough and windy Shinnecock Hills

The U.S. Open is bracing for a tough and windy Shinnecock Hills

Trump administration to buy back another energy company's offshore wind leases for 4 more projects

The Trump administration says it’s buying back another energy company’s U.S. offshore wind leases for four more wind projects, as it seeks to discourage the expansion of wind energy in favor of fossil fuels

Fed chief Warsh skips rate-path 'dot,' launches communications review

Federal Reserve Chairman Kevin Warsh did not submit an interest-rate path projection as part of the central bank’s quarterly publication of economic projections on

Nigeria's ex-oil minister Alison-Madueke cleared of all charges in UK corruption trial

Former Nigerian oil minister Diezani Alison-Madueke was found not guilty of six bribery charges by a London jury on Wednesday, after a rare corruption trial of

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation

Fed's Warsh flags new tasks forces to study Fed operations

By Michael S.

Iran and US to end fighting and maritime blockades in the Gulf area per MoU, Iran's official news agency says

Iran and the United States will end fighting on all fronts, per MoU details published by Iran's official IRNA news agency on Wednesday, adding both countries to end naval

Activist TOMS Capital pushes US shale producer Devon to quicken asset sales or sell itself, sources say

Activist investor TOMS Capital Investment Management has acquired a sizable stake in Devon Energy and is pressing the U.S. shale

Stocks drop, bond yields rise; Fed keeps rates steady but projects hike for later this year

Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest

Wall Street sinks on bets Fed will hike rates this year

The S&P 500 and Nasdaq closed down by more than 1% on Wednesday, as traders bet that the Federal Reserve's next move would be a rate hike after

Germany's Bosch to pay U.S. $36 million for shipments to China's Huawei

German technology company Robert Bosch agreed to pay $36 million to U.S. authorities for shipping over $70 million worth of sensor products and software for cell

US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve

U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation

Luigi Mangione will assert psychiatric defense in murder case in UnitedHealthcare CEO's killing

Luigi Mangione plans to assert a psychiatric defense at his state murder trial in the killing of UnitedHealthcare CEO Brian Thompson

Bernie Sanders unveils plan to give the public direct ownership of AI companies

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country’s largest artificial intelligence companies

Trump has nothing but praise for Modi at G7 after tensions over US military strike, trade

U.S. President Donald Trump described Indian Prime Minister Narendra Modi as his loyal friend, despite tensions over trade and oil sanctions

French president urges US to share cutting-edge AI and democracies to cooperate on regulation

French President Emmanuel Macron is urging the U.S. not to keep cutting-edge AI to itself, calling for global cooperation on AI regulation

The Fed’s new era begins. Here’s what it means for your money

The Fed’s new era begins. Here’s what it means for your money

The interim US-Iran deal leaves the fate of Tehran's nuclear program still to be negotiated

The interim deal between the U.S. and Iran is supposed to usher in a two-month period that would address Tehran’s nuclear program

Trump administration to pay $765 million to scrap four more offshore wind leases

The Trump administration on Wednesday said it would pay $765 million to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and

JetBlue to scale back Newark, LaGuardia operations, CNBC reports

JetBlue Airways plans to close its flight attendant base at New Jersey's Newark Liberty International Airport and tech operations bases there and at New York's LaGuardia this fall,

Diageo new CEO tells executives to cut jobs and costs, FT reports

Johnnie Walker maker Diageo's new boss, Dave Lewis, has asked executives to cut headcount and other costs as he begins restructuring the struggling spirits group, the Financial

CME veteran chief Duffy steps down; Fitzpatrick named first woman CEO

Terry Duffy, the longtime leader of CME Group who reshaped the derivatives exchange through two big mergers, plans to

Dollar extends gains after Fed holds rates but projects hike later this year

The U.S. dollar extended gains against the euro on Wednesday, after the Federal Reserve held the benchmark interest rate steady and the Fed's statement showed

Nearly half of Fed policymakers see a 2026 rate hike in the cards

Nearly half of Federal Reserve policymakers have lost faith that merely holding borrowing costs steady will be enough to bring inflation back down to their 2% target

Trump suggests sanctions on Iran could be removed once 'they behave'

U.S. President Donald Trump on Wednesday suggested that sanctions on Iran would be removed once "they behave."

Traders now see Fed raising rates by September

Short-term U.S. interest-rate futures are now pricing in a bigger chance that the Federal Reserve will deliver a rate hike by September than opt to keep rates where they are. 

Fed holds steady in Warsh's debut, but hawkish shift fuels bond-market rout

The Federal Reserve held the benchmark interest rate steady on Wednesday and policymakers expect rising  borrowing costs later this year, reflecting growing concerns

Trump delays spy nominee Clayton's confirmation, wants voter ID law

U.S.

Federal lawsuit filed against New Mexico over military spouse law license transfers

Federal lawsuit filed against New Mexico over military spouse law license transfers

Warsh promises a new vision for the Fed, as his colleagues eye a rate hike instead of a cut

Warsh promises a new vision for the Fed, as his colleagues eye a rate hike instead of a cut

US tells states to deal with unemployment fraud or face penalties

The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs

US releases official agreement with Iran. Read the 14-point text

US releases official agreement with Iran. Read the 14-point text

SPACs are back, thanks to Wall Street's mega-IPO frenzy

SPACs are making a comeback.

Qantas picks London for first record-breaking non-stop flights

Qantas Airways on Wednesday announced London as the first destination for the world's longest non-stop commercial flight, a roughly 20-hour trip

15 countries in Kenya adopt the Mombasa Declaration to fight illegal fishing

Fifteen countries have adopted the Mombasa Declaration to combat illegal fishing, which experts say costs the global economy up to $50 billion annually

Senate committee sets vote on Trump's BLS chief nominee

A U.S. Senate committee will vote next week on whether to advance the nomination of Brett Matsumoto, President Donald Trump's pick to head the U.S.

EU Council opening communication channels with Kremlin, official says

The office of European Council President Antonio Costa has made "brief contacts at diplomatic level" with the Kremlin in recent weeks "to open

Ukraine working on additional $20 billion military aid from allies, defence minister says

Ukraine is seeking an additional $20 billion in military funding from its allies, Defence Minister Mykhailo Fedorov said on Wednesday at a joint press conference with his Dutch

US quietly allows waiver on Russian oil to expire

The U.S.

AI lab Odyssey valued at $1.45 billion in latest funding round

 AI lab Odyssey said on Wednesday it has raised $310 million in a funding round that valued it at $1.45 billion.

'I'm the boss', Trump says at G7, as he warms to Ukraine's war aims

U.S.

Treasury yields rise after Warsh's debut meeting brings hawkish shift

Short-term Treasury yields rose to the highest in 16 months on Wednesday after investors took a string of strong economic data, a U.S.

Strong US retail sales showcase economy's resilience despite Iran war

U.S. retail sales increased more than expected in May, with households boosting purchases of motor vehicles even as they paid more for gasoline, but a

Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trial 

Luigi Mangione, the man accused of gunning down a health insurance executive in Manhattan, plans to argue at his murder trial that he was undergoing an

Brazil pushes for focused rural debt relief as Senate passes broad bill

Brazil's government backs a rural debt renegotiation program but wants it more targeted, the Finance Ministry said on Wednesday.

VW investor Qatar complicates plant deal talks with Israeli arms maker, sources say

Volkswagen's plans for a deal with Israeli arms maker Rafael to use its struggling Osnabrueck plant are being complicated by Qatar's

Nippon Steel sees strong American market lifting US Steel earnings

Nippon Steel, the world's No. 3 steelmaker, expects the American market to remain buoyant, supported by import tariffs and resilient

Trump invokes law to increase weapons production after Iran war depleted US stocks

Trump invokes law to increase weapons production after Iran war depleted US stocks

Jeweler prevents $47,000 scam targeting elderly woman

Jeweler prevents $47,000 scam targeting elderly woman

China, Myanmar pledge mutual support in joint statement

China on Wednesday issued a joint statement with Myanmar following meetings between their leaders earlier this week in Beijing, saying the two nations will continue to

At G7, Macron says he expects progress on broadening access to Anthropic's Mythos

French President Emmanuel Macron said on Wednesday he believed progress would be made in coming weeks on broadening access to

French economic growth seen at 0.7% in 2026 as oil shock hits consumers, says INSEE

France's economy is set for modest growth in 2026 as an oil price spike squeezes consumers, only partially offset by a rebound in industrial output, the national statistics

Brazil to scrap fuel subsidies if oil stabilizes near $80, official says

Brazil will end subsidies for diesel and gasoline if the price of crude oil stabilizes around $80 per barrel due to progress toward a

Dollar jumps as Fed holds rates but projects one hike later this year

The dollar strengthened across the board on Wednesday after the Federal Reserve held the benchmark interest rate steady and the Fed's statement

China's industry ministry urges officials to look beyond numbers in economic assessment

China's industry ministry called for "looking beyond the surface of data" in analysing economic operations in a meeting with local industry officials on Wednesday, an

G7 sets up critical minerals alliance, platform to cut reliance on China

Group of Seven leaders agreed on Wednesday to step up coordination to cut their countries' reliance on China for critical minerals,

Quantum tech firm EigenQ to go public in $3 billion SPAC deal

EigenQ will go public through a merger with blank-check company Silicon Valley Acquisition in a deal valuing the quantum tech firm at about $3 billion, they said on Wednesday.

Federal judge sends Bayer's $7.25 billion Roundup settlement back to Missouri state court

A federal judge sent Bayer's proposed $7.25 billion Roundup settlement back to state court on Wednesday, overruling objections from plaintiffs who had

Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar

Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten as CEO, cementing the former footwear maker's pivot to an AI infrastructure

Iranians see little chance of life improving as interim deal halts war with US

When Iranian Foreign Minister Abbas Araqchi announced the interim deal this week to end the war with the United States, he declared his country the victor.

Morningstar teams up with Wall Street firms to open private markets to retail investors

The wealth division of Morningstar has teamed up with Apollo Global Management, Franklin Templeton and J.P.

Ray-Ban heir Leonardo Maria Del Vecchio steps into the spotlight

Leonardo Maria Del Vecchio, a son of the late founder of EssilorLuxottica, is seeking the financing for a deal to make him the largest shareholder in family

Trump says he had good talks with Putin and Zelenskiy

President Donald Trump on Wednesday said he has had good talks with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy on the sidelines of

EU and India will formally sign free trade deal by end-2026, says EU chief

The European Union will formally sign its a landmark trade deal with India by the end of this year, European Commission President Ursula von der Leyen said on Wednesday.

Repeat of 2022 inflation woes less likely but not excluded, ECB's Sleijpen says

A repeat of the 2022 inflation shock that sent interest rates to their highest level in decades looks less likely at the current juncture but can't be

Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer

Shoppers stepped up their spending in May, surpassing economists’ expectations, as temperatures warmed and gasoline prices leveled off

Famine risk rises in 'hunger hotspots', UN warns

Extreme hunger has intensified in 13 "hunger hotspots," and of these Sudan, South Sudan, Yemen, Somalia, Northeast Nigeria and Gaza are at immediate risk of famine without

Australian regulator tells private credit sector it must refresh asset valuations

Australia's corporate regulator said the country's A$200 billion ($141.14 billion) private credit market must ensure asset valuations accurately reflect

US pending home sales increase to a six-month high in May

Contracts to purchase previously owned U.S. homes increased more than expected in May, though higher mortgage rates and tight supply remained constraints for the

BBC to cut 550 jobs in cost-saving drive, including news division layoffs

Britain's BBC public service broadcaster will cut 550 jobs, including in its news and content divisions, it said on Wednesday, as part of plans under new director-general

Zelenskyy says G7 leaders pledge more vital help for Ukraine against Russia

Ukrainian President Volodymyr Zelenskyy says Ukraine has secured key support from world leaders at the Group of Seven summit in France

Chile central bank cuts 2026 GDP forecast, slightly raises inflation view

Chile's central bank on Wednesday lowered its 2026 economic growth forecast to between 1.0% and 1.75%, from the 1.5%-2.5% range projected in March, citing weaker-than-

US stocks open higher, spotlight on Fed

The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.

UK-India trade deal worth over $6 billion to start July 15

Britain's free trade agreement with India will come into force on July 15, the British government said on Wednesday, reaching agreement to implement the deal despite a

US business inventories increase as expected in April

U.S. business inventories increased strongly in April, suggesting that inventory investment could contribute to economic growth in the second quarter.

FACT FOCUS: Trump says illegal immigration increased car insurance premiums. Experts say otherwise

President Donald Trump is crediting his tough immigration policies for a drop in car insurance premiums

Why states are walking back their own climate and energy laws, and what they might do instead

Many steps that are good for clean energy also dovetail with federal priorities, from affordable housing to data centers and rural development.

Russian businessman Ilya Traber detained in contract killing probe, media report

Prominent Russian businessman Ilya Traber has been detained in connection with an investigation into a suspected contract killing, Russian media reported on Wednesday.

Big Tech-backed coalition for carbon removal increases funding by $915 million, adds Anthropic

A coalition backed by Big Tech companies

The World Cup returned to Mexico after 40 years. Many locals feel left out

Born in 1986, the last time Mexico hosted a World Cup, Eduardo Marin likes to joke that he’s measured his life not in years,

After war losses, Hezbollah seen gaining from Iran-US deal

Iran's interim deal with the U.S. looks set to bolster Hezbollah's political and financial hand in Lebanon,

South African labour unions urge workers to shun anti-migrant protests

South Africa's biggest labour unions on Wednesday urged workers not to participate in anti-immigrant protests that have seized the country, and said they could face

Warsh-led Fed expected to leave interest rates unchanged

The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy

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.

Most American workers are checked out, and like ‘The Office,’ their bosses are the last to know

Less than half of American workers feel that they clearly know what their employers expect from them. And many employees are too discouraged to do their best.

Buncombe County rises to 5th in NC for fentanyl death rate, data shows

Buncombe County rises to 5th in NC for fentanyl death rate, data shows

South Florida shark diving operators push back against Florida Safe Seas Act: "There's a huge double standard here"

South Florida shark diving operators push back against Florida Safe Seas Act: "There's a huge double standard here"

Rural areas lag behind in cancer treatment and prevention – even as rich, urban areas increasingly leave dying from cancer in the rearview

Cancer deaths in the US have dropped steeply since 1991. But the medical and public health advances leading to these declines have been concentrated among high-income areas.

CarMax shares fall after CEO flags high costs, operational shortcomings

CarMax shares fell more than 7.5% on Wednesday as CEO Keith Barr flagged elevated costs and operational shortcomings, after the used-car retailer posted a dip in

Trump threatens to resume bombing campaign if Iran does not "behave"

U.S President Donald Trump said on Wednesday that an interim accord with Iran was not final, and that he could resume a bombing campaign if he did not like

Brexit 10 years on: UK exporters still adjusting to life outside the EU

When Brexit abruptly ended British cheesemaker Michael Harte’s ambitious European export plans, four years passed

South Korea's Lee asks Trump to lead peaceful diplomacy with North Korea

South Korean President Lee Jae Myung asked U.S.

BOJ deputy's brief moment at the helm reveals deeper inflation anxiety

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European shares end higher as markets await Iran deal details, Fed policy; BMW slides

European shares inched higher on Wednesday as investors awaited details of the U.S.-Iran peace agreement and the Federal

JLR's profit recovery plan disappoints investors despite US growth push

Jaguar Land Rover will prioritise growth in the U.S. as it seeks to counter weakness in its traditional stronghold of China, but will deliver only a 4%

Italy's Del Vecchio eyes private debt route as BNP cools on buyout financing, source says

Leonardo Maria Del Vecchio is exploring private debt options to help finance a €10 billion ($11.6 billion) deal to increase his stake in family holding company Delfin, the

Judge formally ends US prosecution of Turkey's Halkbank after Trump deal

A federal judge dismissed on Wednesday the U.S.

AI will lead to labour shortages, Bezos says in optimistic talk

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UK orders Google to improve search transparency to boost competition

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US awards $500 million to Nvidia-backed SandboxAQ for finding new chipmaking materials

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DC voters face a new political era without Eleanor Holmes Norton, after her 18 terms in Congress

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China's BYD ramps up battery production in Brazil

Chinese electric carmaker BYD is scaling up battery production in Brazil, a senior executive told Reuters, as it pushes deeper into local

Amazon may face penalties from potential FTC ad suit, Bloomberg News reports

Amazon.com may face a U.S.

Intel's new manufacturing tech enters initial production

Intel on Tuesday said the new generation of its 18A manufacturing process has entered risk production, as the chipmaker sees strong demand for its central processors.

Container imports soar at busiest US port in May as buyers try to outrun rising fuel costs

Imports to the busiest U.S. container port in Los Angeles hit the second-highest level in history during May, as retailers rushed in products like

World Bank approves guarantee-backed financing package for Argentina

The World Bank Group on Tuesday approved a guarantee-backed financing

Japan manufacturers' sentiment rises for second month on chip-driven demand: Reuters Poll

Japanese manufacturers' sentiment improved for the second consecutive month in June, as persistent semiconductor demand supported chemicals and machinery

HSBC partners with Google Cloud to expand AI usage

HSBC on Wednesday announced a multi-year partnership with Alphabet Inc-owned Google Cloud focused on building the British bank's artificial intelligence capabilities.

US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'

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Japan's exports rise on weak yen, AI boom, but price-led gains mask weak volumes

Japan's exports grew for a ninth straight month in May, data showed on Wednesday, as a weaker yen, higher commodity prices and solid semiconductor demand

US sues New York health officials over alleged fraud in Medicaid homecare program

The Trump administration sued top New York health officials on Tuesday over an alleged scheme to rig the bidding process for managing the state's

OpenAI burned $3.7 billion in first quarter of 2026, The Information reports

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G7 leaders pledge to enhance efforts to address global debt vulnerabilities

G7 leaders on Tuesday pledged to step up efforts to address high debt burdens among developing countries,

Australia court bans ex-Star CEO for six years over money laundering failures

An Australian court on Wednesday banned former Star Entertainment CEO Matthias Bekier from managing companies for six years and fined him A$700,000 ($494,620) over failure to

China calls for more Global South voices to be heard at United Nations

Emerging markets suffer from inadequate representation at the United Nations, its authority increasingly challenged by escalating political and economic disputes worldwide

All eyes on how Warsh walks the line

A look at the day ahead in European and global markets from Tom Westbrook Kevin Warsh wraps up his first Federal Open Market Committee meeting with tumbling oil prices and a tentative peace offering a

Mood darkens among German auto suppliers as investment, hiring fall, survey shows

German automotive suppliers expecting business conditions to worsen over the next year now outnumber the industry's optimists, a survey showed on Wednesday,

G7 leaders unite in support to Ukraine, agree to add pressure on Russia

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Iran deal includes $300 billion fund, more than half of which already committed, source says

A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and

Trump's Iran war weighs on G7 economies, but don't expect hard talk in France

Rising inflation and a 30% jump in oil prices are dampening global growth, but leaders of the world's top economies are unlikely to blame U.S.

Bank of Korea vows to respond until inflation eases towards target

The governor of the Bank of Korea on Wednesday vowed to adjust policy to curb inflation, as the central bank said price pressures were expected to keep inflation above its

Toyota shareholders back Toyoda as chairman and new CEO Kon at annual meeting

Toyota Motor shareholders re-elected Akio Toyoda as chairman and backed new CEO Kenta Kon as a board member on Tuesday, endorsing the

Europe frets about U.S. AI as tech world flocks to France for G7, VivaTech

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As chair, Warsh finally has a chance to put stamp on Fed balance sheet

By Michael S.

US, Trump have changed to more realistic view of war in Ukraine, Canada's Carney says

The United States and U.S.

Uzbek president pledges continued reforms, tax-free zone at Tashkent forum

Uzbekistan's President Shavkat Mirziyoyev promised on Wednesday to continue economic reforms in the fast-growing Central

How Brexit is estimated to have hit the UK economy

Britain's economy has seen weak growth overall since it left the European Union at the start of 2020, though disentangling the effects of Brexit from the

Northern Ireland tops UK's economic growth charts since Brexit vote

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Brembo, Ningbo SAFE form India ABS joint venture

Italian brake maker Brembo and Ningbo SAFE Brakes Systems have agreed to form a joint venture in India to make motorcycle anti-lock braking systems, expanding into a market set for

Australia's ASX proposes 25% cap on share issuance in M&A without shareholder vote

The Australian Securities Exchange plans to limit companies to issuing no more than 25% of their share capital to fund takeovers without a shareholder vote

Save on gas with these five Edmunds-recommended used plug-in hybrid vehicles

Plug-in hybrids may come in all shapes and sizes, but they all have one thing in common: They’re a great way to dip your toes into the electric vehicle pool without completely giving up the convenience of gasoline

China central bank's deepening control on short-term rates sparks debate over policy focus

China's central bank announced on Wednesday it was deepening control over short-term money markets and tying overnight money borrowing costs more closely to its benchmark

UK house prices rose by 3.8% in year to April, ONS says

British house prices rose by 3.8% in the year to April, after showing no growth in the year to March, the Office for National Statistics said on Wednesday.

Australia relaxes Gulf travel advice in boost for Middle Eastern airlines

Australia on Wednesday relaxed its travel advice for several Middle Eastern countries, allowing Australians to transit through and

South Africa's DA leader seeks to demote agriculture minister

The leader of South Africa's Democratic Alliance has asked President Cyril Ramaphosa for changes to his party's representatives in the cabinet, including the demotion

Japan moves toward first-ever consumption tax cut, adds to fiscal strain

Japan is moving toward temporarily cutting its consumption tax on food to 1% in what would be the first effective reduction of its kind, further straining

UN food aid agency gets $800 million grant from US after funding cuts

The United Nations World Food Programme said on Wednesday it welcomed an $800 million contribution from the United States, following previous funding cuts from President

ECB wage tracker shows muted pay pressure despite war inflation

Euro zone negotiated wage growth appears to be slowing as predicted, European Central Bank data showed on Wednesday, offering policymakers relief that the Iran-war-

US holds off blacklisting China's DeepSeek, more than 100 firms deemed security risks, sources say

The U.S. has held off adding China’s AI startup DeepSeek, memory chipmaker CXMT and more than 100 other companies flagged as national security risks to a trade

UK inflation unexpectedly sticks at 13-month low before BoE rate decision

British inflation held at 2.8% in May, unchanged from April's 13-month low and below forecasts from both economists and the Bank of

China issues five-year employment plan, vows to keep job market stable

China's State Council, the cabinet, issued the country's next five-year plan for implementing the "employment-first strategy" on Wednesday, pledging to keep the job market

As oil roundtrips, AI booms, and US consumers spend, economists' Fed outlooks hit the extremes

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Americans are divided on ‘culture war’ issues, a new CNN poll finds. Republicans are trying to leverage that in the midterms

Americans are divided on ‘culture war’ issues, a new CNN poll finds. Republicans are trying to leverage that in the midterms

US progesterone supplies tighten as menopause treatment demand grows

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Welcome to the Warsh era

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Global stocks were steady on Wednesday as markets awaited

Ex-Citi director’s lawsuit over firing involves questions over potential Trump-linked account, source says

A former Citigroup executive alleged in a lawsuit that she was fired in retaliation for raising regulatory and compliance questions, according to

Trump: Clayton DNI confirmation won't go forward until McDonald is confirmed as US Attorney

President Donald Trump said Wednesday's Senate hearing on Jay Clayton's nomination to become the next U.S. spy chief was canceled and would not go forward until James McDonald is

BMW shares sink after profit warning highlights China and Iran risk

Shares in German premium carmaker BMW fell around 7% on Wednesday to their lowest since late 2020 after it issued a profit warning that surprised some

US SEC poised to allow stock token trading in potential market shakeup

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China to support IPOs by 'future industry' startups, large model companies

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Canada's Carney isn't having a bilateral meeting with Trump at G7 but says it's not a snub

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What to know about opposition in Albania to a Trump family-linked resort project

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Exclusive: West Coast emergency oil reserve sparks pushback from Senate Democrats

Exclusive: West Coast emergency oil reserve sparks pushback from Senate Democrats

Why 0.1% of Britons could determine the prime minister’s fate

Why 0.1% of Britons could determine the prime minister’s fate

Lawmakers in the dark on Iran deal as Trump says he will send it to Congress

President Donald Trump said on Tuesday he was willing to send his interim deal to end the war with Iran for review by the U.S.

Trading Day: US stocks mixed, oil slides, SpaceX continues its ascent

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AT&T names Jennifer Biry as CFO from 2027, Desroches to retire

Telecom provider AT&T said on Tuesday Pascal Desroches will retire as CFO at the end of 2026 and that Jennifer Biry would succeed him.

Cargill studies beef tallow for Brazil biodiesel as US tariffs bite

Cargill is studying the feasibility of using beef tallow to produce biodiesel in Brazil, a trader for the firm said on Tuesday, as U.S. tariffs have made exports of the

Most Americans see freedoms under threat but core to nation's identity, AP-NORC poll finds

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Georgia Republicans choose Collins for Senate and Jackson for governor, a mixed result for Trump

Georgia Republicans delivered a split decision for Donald Trump in Tuesday runoffs

Nvidia's Jensen Huang says society needs 'new social norms' in the age of AI

Nvidia CEO Jensen Huang — whose work helped propel artificial intelligence — is stressing in an Associated Press interview that society has no choice but to change in the advent of AI

Federal government seeks to halt the first U.S. reparations program for Black people

The federal government has asked a judge to halt the United States' first reparations program in Evanston, Illinois

US officials downplay text of the Iran agreement, saying it doesn’t account for back-channel commitments

US officials downplay text of the Iran agreement, saying it doesn’t account for back-channel commitments

First express toll lanes in Kansas see rising but limited use

First express toll lanes in Kansas see rising but limited use

Senate fails to advance war powers resolution to halt US action against Iran

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JD Vance went on television to plug a faith memoir. 'The View' had other plans

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GM, Lockheed to collaborate on defense projects

General Motors and defense company Lockheed Martin are collaborating on projects to strengthen the U.S. manufacturing and defense industrial base, the

US-Iran ceasefire agreement to be public soon, permanent truce still awaits negotiation

Details began to emerge on Tuesday of the U.S. and Iran's interim agreement to end the war in the Middle East,

EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

EssilorLuxottica, the world's largest eyewear maker, has signed a long-term deal with chipmaking equipment company Applied Materials to develop augmented reality display technology

Rivian trims workforce by about 2% amid profitability push

Electric-vehicle maker Rivian said on Tuesday it is laying off less than 2% of its workforce as part of ongoing efforts to scale its operations profitably.

French central bank cuts economic growth outlook as energy prices bite

France's economy is growing more slowly than expected after a sluggish start to the year with the Middle East conflict weighing on activity, the central bank said on Tuesday

Oil prices tumble again on US-Iran deal; S&P 500 falls

Oil prices fell more than 5% on Tuesday, extending this week's losses on hopes a U.S.-Iran deal to end the Middle East

Tehran can immediately sell oil upon signing US-Iran deal, US official says

The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a

Apollo's sale of the largest US private golf-club operator shows upswing in M&A for luxury clubs

A post-COVID surge in U.S. golf-club memberships is leading to big deals for private-club operators that cater to the affluent, evidenced in Apollo

SpaceX vaults past Amazon's market value as options listing fuels surge

SpaceX roared past Amazon's market valuation on Tuesday and briefly topped that of Microsoft, rapidly scaling the list of the

Argentina's May trade surplus expected at $2 billion, helped by oil and farm exports - Reuters poll

Argentina likely posted a trade surplus of $2 billion in May, a Reuters poll showed, as crude shipments were buoyed by high global oil prices and weak

Volkswagen reduces production at German plant amid uncertain future for site

Volkswagen will pare back production of the open-top T-roc Cabrio SUV at its plant in Osnabrueck, Germany, a company spokesperson said on Tuesday, alarming employee

Fed's watchdog warns of central bank foreign travel risks, calls for reforms

By Michael S.

Goldman Sachs shatters dealmaking records with $1 trillion in first-half M&A volume

Goldman Sachs has managed more than $1 trillion worth of announced mergers and acquisitions so far in 2026, marking a record pace for any

Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open

Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in the Middle

World Bank approves guarantee-backed financing package for Argentina

The World Bank Group on Tuesday approved a guarantee-backed financing package to help mobilize up to $2 billion in commercial loans for Argentina, which will help the

Eyeing control of Brazil's Raizen, IG4 approaches Moelis and Journey

Independent investment bank Moelis & Company and financial consultancy firm Journey Capital, advisers to creditors of sugar and ethanol producer

Potential Tropical Cyclone One forms off Texas coast, threatening dangerous flash flooding

A tropical storm was expected to form off the Texas coast by Wednesday morning from a system labeled Potential Tropical Cyclone One,

Oracle says details in report of failed Microsoft cloud deal talks 'inaccurate'

Oracle said on Tuesday that details in a Business Insider report on the collapse of its discussions with Microsoft over a potential leasing deal were inaccurate.

Nasdaq and S&P 500 slip while Dow hits record close

The Nasdaq Composite and the S&P 500 finished lower on Tuesday under pressure from technology stocks, while the Dow Jones Industrial Average

White House talking points claim victories in initial Iran deal but often don't meet reality

The White House has informed supporters that President Donald Trump has accomplished his goals in the war with Iran despite the details of an initial agreement remaining unclear

‘We want to get this thing over with’: How Trump officials overcame skepticism of Iran to reach an agreement

‘We want to get this thing over with’: How Trump officials overcame skepticism of Iran to reach an agreement

Oil drops below $80 per barrel, while tech stocks weigh on a mixed Wall Street

Oil prices sank again, while U.S. stocks drifted to a mixed finish near their all-time highs

CNA's 30+ years of care inspires amid nursing shortage

CNA's 30+ years of care inspires amid nursing shortage

Luigi Mangione due in court on Wednesday in CEO murder case 

Luigi Mangione, the man accused of gunning down a health insurance executive on a Manhattan sidewalk, is due for a hearing in state court on Wednesday ahead

Soaring US beef prices likely to rise further thanks to trade tensions and disease outbreaks

The tightly integrated North American beef market, under pressure from drought and the spread of the screwworm, could get further roiled by trade uncertainty.

African and Commonwealth nations in Kenya urge quick execution of a key treaty protecting oceans

African and Commonwealth nations have called for a swift implementation of a landmark treaty protecting the high seas

Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion

Pizza Hut's parent company is selling the 68-year-old chain for $2.7 billion

$80 to $878: Residents question spiking water bills

$80 to $878: Residents question spiking water bills

China complains UK sanctions on Chinese entities over Russia

The Chinese embassy in Britain said on Tuesday it had lodged "serious

Pentagon commits $500 million loan to Phoenix Tailings for rare earth plant

Phoenix Tailings said on Tuesday the Pentagon's Office of Strategic Capital has conditionally committed $500 million in long-term debt financing to the company to construct a rare

Shein and Paris department store end controversial partnership

French department store BHV and online fast-fashion retailer Shein have ended their partnership, just seven months after the opening of a permanent Shein shop in the Paris

Saudi-backed Riyadh Air wins approval to operate US flights

Saudi Arabia's new airline Riyadh Air won the right to operate flights to and from the United States, the U.S.

BMW lowers profit outlook due to China downturn, Iran war double whammy

BMW slashed its outlook for 2026 on Tuesday, blaming an accelerated downturn in the key Chinese market as well as the impact of the Iran war, which the

Nasdaq and S&P 500 slip while Dow hits record high

The Nasdaq Composite and the S&P 500 finished lower on Tuesday under pressure from technology stocks, while the Dow Jones Industrial Average

Snap CEO Spiegel defends Specs as long-term bet, pushes back against activist pressure

Snap CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are part of its long-term strategy, pushing back on activist

EU must tap trillions of euros in private savings to keep up with US and China, investors say

Europe must tap into trillions of euros of private savings to fund the economic transformation it needs to

Trump invokes Defense Production Act for munitions, supply chains

U.S.

Costs to Lebanon of latest Israel-Hezbollah war

Lebanon has suffered the deadliest spillover of the regional war triggered by the U.S.-Israeli strikes on Iran more than three months ago, which is set to end with a deal

SpaceX options debut pulls record demand as investors chase rocket stock

Trading in SpaceX options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor

MoDOT spent $2.6 million on invasive tree removal in preparation for World Cup

MoDOT spent $2.6 million on invasive tree removal in preparation for World Cup

The Latest: Trump at G7 summit for talks with world leaders on Iran and Ukraine

Group of Seven leaders are meeting for talks on Russia’s war in Ukraine and U.S. President Donald Trump's tentative deal with Iran

Higher prices for gas, groceries and flights will likely outlast the Iran war

Economists and industry analysts say that even after oil starts flowing again from the Middle East, it could take awhile for the Iran war's effects on consumer prices to recede

Yum strikes two deals to sell Pizza Hut for $2.7 billion in tale of diverging fortunes

Yum Brands said on Tuesday it would sell its Pizza Hut chain for a combined $2.7 billion in two deals that highlight separate trajectories for

Thyssenkrupp to spin off materials trading division, its biggest by sales

Thyssenkrupp plans to spin off its materials trading division, whose sales account for nearly a third of the group's

Nearly half of investors plan to boost EM private credit - Gemcorp survey

Some 42% of institutional investors plan to increase their private credit allocations to emerging markets over the next two years, according to a survey by

US senators ask for review of Tesla's 'Full Self-Driving' safety data, citing Reuters report

Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla's self-published crash statistics for its “Full Self-Driving” (FSD

Nvidia's Huang pledges AI will boost manufacturing jobs. A test will come in Texas

Nvidia is betting on artificial intelligence to revive U.S. manufacturing

Luke's 'Empire' lightsaber, 'Wizard of Oz' witch hat and Lebowski rugs going up for auction

A Luke Skywalker lightsaber from “The Empire Strikes Back” is expected to fetch at least $1 million at an upcoming auction

US import prices increase more than expected in May

U.S. import prices rose more than expected in May amid strong gains in the prices of fuels and capital goods, leading to the largest annual increase in nearly four

Court clears all defendants in first verdict in Milan urban planning investigation

A Milan court on Tuesday acquitted all eight defendants in the first verdict among a dozen criminal cases into urban planning that

Verizon targets wireless customers with new simpler plans, drops some fees

Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a new loyalty program offering

US single-family housing starts slide to eight-month low; imported inflation increases sharply

U.S. single-family homebuilding fell to an eight-month low in May, pressured by higher mortgage rates and building material prices, suggesting the

Brazil central bank to cut interest rates by another 25 basis points on June 17

Brazil's central bank is set to deliver a third consecutive 25-basis-point interest rate cut on Wednesday, a Reuters poll

SpaceX locks in $60 billion Cursor deal to close gap with rivals in AI coding race

Elon Musk's SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost

Oil prices fall 4% to three-month low on hopes interim US-Iran deal will reopen Hormuz

Oil prices fell about 4% to a fresh three-month low on Tuesday on hopes the U.S. and Iran will agree to end the war and allow oil to flow through the

Dow touches record high as oil slides further

The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon's market value to

ECB will be proactive against high inflation even after Iran deal, Lane says

The European Central Bank will continue to be "proactive" in its fight against high inflation even after a deal between the United States

Self-driving tech supplier Mobileye plans US robotaxi service next year

Mobileye Global said on Tuesday it would launch its own robotaxi service in the United States next year, putting the self-driving technology supplier in direct

What happens after UniCredit's takeover offer for Commerzbank ends on Tuesday

UniCredit's €40 billion buyout offer for Commerzbank concludes on Tuesday.  Here are key takeaways from the process: WHAT NEXT? 

Zelenskiy says G7 agreed Russia is not winning war, discussed more sanctions

Ukrainian President Volodymyr Zelenskiy said on Tuesday the Group of Seven leaders agreed at a summit in France that Russia was not winning its war in Ukraine, and they

Swiss back new EU agreement by two-to-one margin, poll says

Swiss voters support a new agreement to deepen economic ties with the European Union by a two-to-one margin, an opinion poll showed on Tuesday,

Latin America's trade with China surges but US dominance holds, IDB finds

China was the fastest-growing buyer of Latin American and Caribbean goods in the first three months of 2026, a report by the Inter-American

Olin to buy Huntsman in a $2.43 billion deal amid challenging chemicals market

Olin said on Tuesday it will acquire Huntsman in an all-stock deal valued at about $2.43 billion, combining two U.S. chemical producers as the industry seeks scale

UK and EU to hold summit on July 22, PM Starmer says

Britain and the European Union will hold their second summit on July 22, Prime Minister Keir Starmer said on Tuesday, as his government seeks to reset ties with the bloc

Dollar slips as markets wait on Warsh's Fed debut

The dollar dropped on Tuesday on continuing optimism over a peace deal with Iran while investors awaited the conclusion of the Federal Reserve's policy

Binance set to lose permission to operate in EU, sources say