Economy

Audi half-year deliveries fall on China competition, US tariffs

Audi, German carmaker Volkswagen's premium brand, reported on Friday a 7% year-on-year fall in global deliveries during the first half of the year, as competition in China and U.S.

Meme ETF rally leaves many underwater

Investors chasing market themes are learning a familiar lesson: a hot investment doesn't necessarily make for a profitable one.

Chips, banks and volatility

The results season is kicking off with the world's largest chipmaker and key U.S. banks reporting, while data out of the U.S. and China will give a fresh perspective on the state

SK Hynix's US listing sparks rush of single-stock ETF filings

At least 10 fund managers, including major issuers Direxion and ProShares, have filed registrations to list single-stock exchange-traded funds

Japan's GPIF holds about $931 billion in foreign assets

Japan is steering its Government Pension Investment Fund, the world's biggest pension fund, to boost investment in domestic assets, Finance

A decade after historic ruling, Philippine fishermen say driven away from disputed shoal by China

The Philippines may have won a landmark victory against China's claims in the South China Sea 10 years ago, but today local

French tycoon Niel becomes Vodafone's top shareholder in $6 billion deal

PARIS/DUBAI - French billionaire Xavier Niel is set to become Vodafone Group's largest shareholder, after UAE telecoms group e&

Sri Lanka moves to address prison overcrowding after riot kills 28

Sri Lanka's efforts to reduce prison overcrowding by reopening a colonial jail and recruiting more staff after a deadly riot left 28 people dead need 

BMW deliveries slide in Q2, as sales in China drop nearly a third

BMW reported a 4.9% decline in global vehicle deliveries in the second quarter on Friday, hit by a sharp drop in sales in China.

The US and Mexico are out of the World Cup. Ticket prices are plunging

The US and Mexico are out of the World Cup. Ticket prices are plunging

EU regulators hit US wall in quest for private credit data

European financial supervisors seeking a clearer picture of banks' exposure to private credit markets are running into resistance from the U.S.

ECB is back to square one as US-Iran war resumes

The European Central Bank is back to square one in its fight against high inflation in the euro zone after new hostilities between the U.S. and Iran caused energy prices to rise

French inflation rises 2.0% in June

Consumer prices in France rose 2.0% year-on-year in June on an EU-harmonised basis, statistics office INSEE said on Friday, confirming a preliminary reading published earlier this

UNESCO urges wider use of debt-for-education swaps

UNESCO has urged governments and international lenders to expand debt-for-education swaps to help tackle a worsening education financing crisis, warning that

European shares muted on AI valuation concerns; Middle East tensions linger

European shares were muted on Friday as broader gains were largely offset by declines in technology stocks while investors assessed renewed Middle East tensions that put the

SK Hynix advisors win big fee windfall after modest SpaceX payday

Global investment banks and brokerages leading SK Hynix's mega share sale earned nearly $260 million in fees, a boost for the industry which took in a relatively

Anti-migrant protests risk economic blowback for South Africa

Frustrations over unemployment, crime and years of weak growth are driving South Africa's anti-migrant protests.

Japan signals massive pension shift to domestic assets, sparking rally in yen, bonds

Japan's finance minister said on Friday the government aims to steer the country's vast state pension funds to "substantially" increase

A once-obscure chip maker has landed the largest US listing by a foreign company

A once-obscure chip maker has landed the largest US listing by a foreign company

Japan calling capital home

A look at the day ahead in European and global markets from Ankur Banerjee Japanese markets got a shot in the arm after the government indicated it wants the country's state pension funds to increase

Japan's wholesale inflation spikes as fuel costs, weak yen bite

Japan's wholesale inflation accelerated in June at the fastest pace in more than three years and the government brushed aside market concern over political

Japan encourages GPIF to boost domestic investment

Japan is seeking to encourage its Government Pension Investment Fund, the world's biggest pension fund, to boost investment in domestic assets, Finance Minister Satsuki Katayama

Africa secures $900 million in new clean cooking commitments

African countries have secured $900 million in new financial commitments to expand access to clean cooking

Fast Retailing shares slide in Tokyo after Uniqlo operator's results, yen warning

Shares in the Japanese owner of clothing brand Uniqlo slid sharply on Friday after the company raised its profit forecast but warned about

Iran’s supreme leader missed his father’s momentous funeral – now what?

Iran’s supreme leader missed his father’s momentous funeral – now what?

USDA lowers beef export sales by 90% amid growing doubts over data

The U.S.

Brazil police target executive linked to Banco Master's communication efforts

Brazil's Federal Police launched an operation targeting executive Thiago Miranda, who had been hired by banker Daniel Vorcaro to run a communications campaign in defense

Global EV demand rises again as Europe offsets China, U.S. weakness

Global demand for electric vehicles rose for a fourth straight month in June, driven by strong growth in Europe as sales weakened in China and North America,

SK Hynix raises $26.5 billion in US offering after pricing ADRs at $149

South Korea's SK Hynix priced its American Depositary Receipts at $149 on Thursday raising about $26.5 billion, a U.S. regulatory

Seat the rich! World Cup ticket inflation reflects widening gap between haves and have-nots

The wild swings of dynamic pricing, ongoing accusations of FIFA corruption and questions of host-nation probity have created a huge backlash.

Geopolitical shifts drive sovereign funds towards national priorities, study finds

Shifting geopolitical alliances are pushing sovereign wealth funds to place greater emphasis on strategic national priorities — from resilient

Electric companies don’t need to black out customers to prevent wildfires – here are 3 relatively fast, affordable solutions

Utilities face a dilemma: How to deliver power through dry, windy regions without accidentally starting a catastrophic fire.

Slain Iranian leader buried as successor remains out of sight

Iran's slain Supreme Leader Ayatollah Ali Khamenei was buried in the country's holiest shrine, state media said early on Friday, after

Mexican man fatally shot by ICE was not the target of Houston immigration operation, source says

Mexican man fatally shot by ICE was not the target of Houston immigration operation, source says

The Latest: Trump spoke with Netanyahu about US ‘moves’ in the Persian Gulf

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have spoken about Turkey as well as U.S. moves in the Persian Gulf

US ends probe into imported airplanes, parts without seeking new tariffs

The U.S.

Coinbase's top attorney who has led crypto's Washington fight to step down

Coinbase's chief legal officer, Paul Grewal, is stepping down after six years at the U.S. cryptocurrency exchange where he fought off a major lawsuit

Chronic illness and diarrhea surge in quake-hit Venezuelan communities as humanitarian crisis builds

Victims of last month's powerful earthquakes in Venezuela are flooding relief services

Republican Sen. Grassley probing FBI Director Patel’s travel and spending

Republican Sen. Grassley probing FBI Director Patel’s travel and spending

Volkswagen to cut capacity, model lineup as it tries to tackle a historic crisis

Volkswagen plans to drastically cut its model lineup and further pare back capacity, as Europe's largest automaker considers a

Vinci Airports expects slow traffic growth through year-end, remains bullish on Mexico

Vinci Airports, a subsidiary of France's VINCI Group, expects air traffic growth to slow through the end of the year as higher jet fuel prices and

Meta to put AI chip into production in September as it looks to double computing capacity, memo shows

(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.) By Katie Paul, Max A.

Nasdaq ends sharply higher; chip surge offsets Iran worries

The Nasdaq ended sharply higher on Thursday, as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and Iranian

Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide

Stocks rose, and oil prices eased as financial markets calmed a day after President Donald Trump raised doubts about the temporary truce in the war with Iran

Andreessen, Chetty among leaders of Fed's new task forces evaluating operations

Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations

Fed Chairman Warsh names members of monetary policy task forces

Fed Chairman Warsh names members of monetary policy task forces

Fed's Perli reiterates flexible path of reserve management buying

By Michael S.

French central bank revises growth forecast higher despite heatwave disruption

French economic growth strengthened in the second quarter as activity increased in June across industry and rebounded in services and construction, the Bank of France said on

Stocks climb, oil slides as tech hopes outlast Middle East worries

Wall Street surged on Thursday while oil prices retreated, as investors rekindled their enthusiasm for technology shares, shaking off worries about

US EPA proposes easing Biden heavy-truck emissions rules

The U.S.

War-driven inflation fears fail to shake U.S. Treasury yield outlook: Reuters poll

Renewed hostilities in the U.S.-Israeli war with Iran and revived inflation risks have done little to sway most bond strategists surveyed by Reuters

Fed's Warsh taps broad group of Fed outsiders to oversee review

Federal Reserve Chairman Kevin Warsh tapped a broad and intellectually diverse group of economists and former central bankers to

UN agency says Russian strikes killed at least 265 civilians in Ukraine in June

Russian strikes killed at least 265 civilians in Ukraine and injured 1,816 in June, the highest combined casualty count since the first months after Moscow's full-scale

Iran says it hits U.S. military targets in Gulf, buries slain leader Khamenei

Iranian armed forces launched attacks on U.S. military infrastructure in Gulf states on Thursday following U.S. strikes on

Man United reveals latest plans for new stadium to replace Old Trafford

Manchester United has revealed latest details about its proposed new stadium, including the precise location of the 100,000-seat arena

Trump promotes ‘Freedom Fuel’ stations that sell cheap gas. How they’re able to do so is unclear

Trump promotes ‘Freedom Fuel’ stations that sell cheap gas. How they’re able to do so is unclear

EQT, Advent, KKR explore takeover of diagnostics firm Qiagen, Bloomberg News reports

Diagnostics company Qiagen is drawing early takeover interest from buyout firms, including EQT AB, Advent and KKR, with potential offers from some suitors reaching at least $50 per

US direct-lending activity falls even as private credit firms raise more cash

Direct lending by U.S. private credit firms fell sharply in the second quarter even as fund-raising by such firms rebounded, underscoring the deviation between capital raised for

IMF's Georgieva, Venezuelan acting president discuss use of SDRs for earthquake needs

The International Monetary Fund said on Thursday that Managing Director Kristalina Georgieva spoke to Venezuela's Acting President Delcy Rodriguez about

Oil prices settle 2% lower as economic worries outweigh supply risks

Oil prices slid about 2% on Thursday on worries that rising inflation and other economic concerns could weigh on global oil demand despite continuing supply

Former Fed chair Ben Bernanke joins Anthropic's AI oversight trust

Anthropic said on Thursday it has appointed former U.S.

Global M&A activity on track to eclipse 2021 deal boom, Morgan Stanley says

Morgan Stanley expects global mergers and acquisitions activity to hit a record $6.4 trillion in 2026, overshadowing the levels seen in 2021 as buoyant equity markets

South African protesters go door-to-door forcing immigrants from their homes

Groups of anti-immigration South Africans seized foreigners from their homes in Johannesburg on Thursday and handed them to police in a hardening of protests that have

US existing home sales fall as house prices hit record high

U.S. existing home sales unexpectedly fell in June as tight inventory boosted house prices to a record high and the Middle East conflict kept mortgage

Airbus workers in Spain strike over working conditions

Employees of aircraft maker Airbus have gone on strike across most of Spain until the end of July over what unions describe as

Fed's Logan says Fed open market operations would benefit from voluntary central clearing

By Michael S.

News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fight

The New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a legal fight over artificial intelligence and copyright that could shape the future of a struggling news industry

Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs

The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers

Trump Accounts are now live. Here’s what you need to know

Trump Accounts are now live. Here’s what you need to know

George E. Johnson Sr., founder of a pioneering Black hair care business, dies at 99

George E

Mortgage rates are stuck near 6.5%. A new housing law may make buying easier – eventually

Mortgage rates are stuck near 6.5%. A new housing law may make buying easier – eventually

Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truce

Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to data and sources, as shipping risks escalated after the

S&P 500, Nasdaq open higher as chip stocks gain; US-Iran tensions in focus

The S&P 500 and the Nasdaq edged higher at the open on Thursday, as gains in chip stocks helped offset renewed geopolitical jitters after fresh exchange of attacks threatened to

IMF looks forward to engaging with Fed on its review of communications, forward guidance

The International Monetary Fund on Thursday said it looks forward to engaging with the U.S.

Fed's Williams expects energy prices to abate even as Iran war flares

By Michael S.

New York Times-led group asks court to sanction OpenAI in US copyright dispute

A group of newspapers including the New York Times and New York Daily News asked a federal court in Manhattan on Thursday to sanction OpenAI in their high-stakes

US markets brace for renewed funding pressure as leverage rises

U.S. equity funding markets remain stretched in the wake of last month's spike in short-term borrowing costs, as near-record stock prices and a

Dollar slips as labor market remains stable, US-Iran tensions flare

The dollar dipped for a second straight session on Thursday as the U.S. and Iran carried out renewed attacks, while a stable reading on the labor

Spain says Trump softened rhetoric after learning of Madrid's contributions to NATO

Madrid said on Thursday U.S.

Suspected Ebola patient placed in Equatorial Guinea hotel with deportees from the US, lawyers say

Migrants deported from the U.S. and detained in a hotel in Equatorial Guinea say authorities have used the facility to quarantine a suspected Ebola patient

Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze

Ukrainian drones hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems

Aspen Acres Fire evacuees lose home, face uncertain future as thousands of Coloradans remain displaced

Aspen Acres Fire evacuees lose home, face uncertain future as thousands of Coloradans remain displaced

Hugo Boss urges shareholders to reject Frasers' 'inadequate' bid

German fashion brand Hugo Boss on Thursday urged shareholders not to accept a €2 billion ($2.3 billion) takeover offer from Britain's Frasers Group, saying it was "

EV maker Polestar's quarterly sales volumes slide amid looming US market exit

Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after a ban that effectively pushes the EV maker out of the U.S. market

Kenya economy to grow 4.3% in 2026, 4.4% in 2027 - World Bank

Kenya's economy is expected to expand 4.3% this year and 4.4% in 2027, the World Bank said on Thursday, with this year's forecast being 0.6 percentage

Coinbase restores prediction markets trading after technical issue

Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.

Micron boosts U.S. investment plan again, commits $250 billion through 2035

Micron Technology said on Thursday it plans to invest more than $250 billion in the U.S. through 2035, driven by surging demand for memory chips in the AI era and President Donald

US home prices hit an all-time high as sales slow and mortgage rates rise

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges

PepsiCo warns of higher commodity costs amid faltering North American food sales

PepsiCo on Thursday warned of higher commodity costs in the second half of the year, at a time when the snack and beverage giant is

AI selloff drives quant funds' worst performance since August

Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades

US existing home sales unexpectedly fall in June

U.S. existing home sales unexpectedly fell in June as house prices hit a record high and mortgage rates remained elevated, pushing potential buyers to the sidelines.

Japan to add BOJ independence reference to economic blueprint, source says

Japan's government plans to add an explicit reference to Bank of Japan independence in its economic blueprint after concerns over

Burnham on course to become UK prime minister as nominations open for Labour leadership

Nominations have opened in a Labour Party election to replace Keir Starmer as Britain's prime minister

Trump surprises Zelensky with public promise on Patriots – but the missiles may not come soon enough

Trump surprises Zelensky with public promise on Patriots – but the missiles may not come soon enough

Russia bans diesel exports after Ukrainian attacks, straining tense global market

Russia bans diesel exports after Ukrainian attacks, straining tense global market

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low

French competition authority's Nvidia probe nearing end

The French competition authority said on Thursday its probe into chipmaker Nvidia Corp is coming to an end.

Honeywell Aero to develop more defense products for Europe outside US export controls

U.S. supplier Honeywell Aerospace is looking to add more products designed without restricted U.S. technologies as mounting European defense spending drives

ASEAN foreign ministers to hold meeting with Myanmar counterpart at weekend

Foreign Ministers of the Southeast Asian bloc ASEAN will hold an informal meeting with their Myanmar counterpart in Bangkok on July 12, Thailand and Vietnam said on Thursday.

US relies more on foreign stock than debt flows, a dollar risk, Deutsche Bank warns

The United States is relying more than ever on international flows into its companies' shares than investments in its debt to fund itself, a shift that

Citigroup expands cross-border instant payments to partner banks

Citigroup said it completed its first instant international payment in dollars with a partner bank, Thailand's Siam Commercial Bank. 

Markets remain long TACO

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters

Australia, India strike deal on uranium exports during Modi visit

Australia and India reached a deal on Thursday to export Australian uranium to India for use in the nuclear energy

Mexico's annual inflation hits lowest level in over five years

Mexico's annual inflation rate fell in June for the third consecutive month, to its lowest level since December 2020,

Palantir says UK police contract wrongly blocked over perceived 'values'

U.S. tech firm Palantir is challenging a decision to block a contract with London police, arguing on Thursday that London mayor Sadiq Khan's office wrongly took into account

ECB saw inflation rising despite nearly three expected hikes, accounts show

European Central Bank policymakers gathering last month were presented with projections showing inflation staying above target into next year despite nearly three ECB

PepsiCo says economic concerns weighed on customers in North American during recent quarter

PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns

Trump cut to food security survey could make measuring US hunger harder

President Donald Trump's cancellation last year of a government food security survey could make it difficult to assess whether his cuts to the food stamp

Putin likely to escalate Ukraine war, despite Trump peace push, sources say

President Vladimir Putin is rejecting calls to negotiate peace with Kyiv, three sources close to the Kremlin told Reuters, with Ukraine's recent drone strikes on Russia's oil

Zambia election will put Hichilema's economic record to the test

Zambia is gearing up for an August election in which President Hakainde Hichilema is favoured to win a second term but may face a strong challenge from

Higher bar for corporate profit growth poses challenge for US stock market rally

Rising optimism over corporate earnings has driven the U.S. stock market to new heights in 2026.

Ukraine says it hits more Russian fuel tankers as Crimea campaign intensifies

Ukrainian drones hit a dozen more Russian tankers in the Sea of Azov overnight, Ukraine's military said on Thursday, the latest in a campaign aimed at disrupting fuel supplies to

US power companies scramble to secure equipment as surging data center demand strains supplies

Skyrocketing demand from artificial intelligence data centers is exacerbating shortages of critical grid equipment like transformers across the U.S., driving up

SpaceX and AI startup wealth fuels demand for private jets

Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX

New attacks raise questions about what comes next in the Iran war

President Donald Trump says he believes the ceasefire with Iran is over

A democratic socialist in Wisconsin tests how far left voters want to go in a battleground state

Democratic socialists have recently won elections in New York City, Washington, D.C., and Denver

China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home

China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group

The year’s hottest rally is losing steam. Investors are asking what comes next

The year’s hottest rally is losing steam. Investors are asking what comes next

Uniqlo operator Fast Retailing cautions on yen and heatwaves, but raises profit forecast

The Japanese owner of clothing brand Uniqlo raised its annual profit forecast on Thursday on strong global sales but warned about the impact of the weak yen at

Europe's financial stability watchdog examining private credit risks, adviser says

(Refiles to remove extraneous words in headline. No changes to story.)

German exports rise unexpectedly in May on surge in US demand

German exports rose unexpectedly in May, driven by a sharp increase in exports to the United States, data showed on Thursday.

Tech rebound lifts European shares after three-day slide

European shares gained for the first time this week on Thursday, as a rebound in technology stocks tempered lingering

Asia seeks strategic flexibility amid US-China rivalry

Asian policymakers, investors and business leaders are increasingly portraying themselves as active participants in navigating a more fragmented global

Asian investors eye firms benefiting from but resilient to AI

Asian investors struck a cautious tone on artificial intelligence as they increasingly wager on businesses that can withstand the AI-led disruption and look for firms

HSBC lowers 2026-27 gold price forecasts on hawkish Fed tilt

HSBC cut its average gold price forecasts for 2026 and 2027 on Thursday, citing a hawkish shift in U.S. monetary policy expectations and a stronger dollar.

Quake-hit Venezuela's push for a swift debt deal raises fears of future crisis

Venezuela is seeking to push through in record time one of the most complex debt restructurings ever attempted, with claims approaching

Kalshi in talks with regulators to expand never-expiring derivatives to new areas

Kalshi, a prediction markets platform that allows people to bet on events such as sports, election outcomes and weather, aims to expand into never-expiring

China, Taiwan brace for Typhoon Bavi, possibly the most powerful storm in years

Fishermen sheltered in harbours, residents queued for sandbags and farmers raced to bring in crops on

Bank of Japan sees growing inflation pressures from Iran war

The Bank of Japan said on Thursday the U.S.-Israeli war on Iran is likely to prod more firms to raise prices later this year, signalling caution over mounting

The US is striking Iran again. Can it ever deliver a knockout blow?

The US is striking Iran again. Can it ever deliver a knockout blow?

Australia agrees to sell uranium to India, ending a long stalemate

Australia has agreed to sell uranium to India for peaceful purposes

Japan in 'early innings' of more corporate buyout activity, Goldman Sachs says

Corporate buyout and private equity activity in Japan is in the "early innings" and the country's stock market is well placed for

India consumer inflation likely topped RBI's 4% target in June: Reuters poll

India's consumer inflation likely breached the central bank's medium-term target of 4% in June for the first time in 16 months, according to a Reuters

New Zealand to consider joining Australia and Fiji in defence alliance, PM says

New Zealand will consider joining a defence alliance between Australia and Fiji that both countries entered earlier this week, Prime Minister Christopher Luxon said on

Gulf companies are set to reveal the unequal toll of Iran war

By Hadeel Al Sayegh and Federico Maccioni DUBAI, July 9 - Companies in the Gulf, some of the most directly affected by the Iran war, will provide one of the clearest insights so far of its regional

China's producer inflation jumps to 4-year high, squeezing manufacturers

China's producer price inflation surged to its highest level in four years in June, piling pressure on manufacturers' profit margins as weak domestic demand limits their

Back-to-School spending to dip 6% amid economic worries, Deloitte forecasts

Back-to-school spending among U.S. households with school-age children is expected to decline about 6% this year on an inflation-adjusted basis, as consumer sentiment weakens amid

Japan benchmark bond yield extends rise after hitting 30-year high

The benchmark 10-year Japanese government bond yield hit a 30-year high on Thursday, driven by concerns over inflation from renewed tensions in the Middle

US military carries out fresh strikes on Iran, prompting Iran attacks on Kuwait and Bahrain

The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping,

Australia's Steadfast exclusivity period extended as US consortium reaffirms $5.3 billion bid

Australia's Steadfast said on Thursday that Amwins Group and Dragoneer Investment had reaffirmed their takeover proposal valuing the insurance broker at A$7.7 billion ($5.34 billion

Death toll from Venezuela quakes rises to 3,811 as government seeks frozen funds

The death toll from Venezuela's twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday.

Indonesia's Pertamina, Boeing sign MoU on sustainable aviation fuel development

Indonesian state energy firm Pertamina said it has signed a memorandum of understanding (MoU) with U.S. planemaker Boeing to explore opportunities in developing a

"Like a war scene:" Dozens injured in multi-vehicle crash involving MTA bus in Baltimore

"Like a war scene:" Dozens injured in multi-vehicle crash involving MTA bus in Baltimore

Trump wants to leave the Iran war behind. That won't happen soon

U.S.

Russia denounces NATO summit decisions on aid for Ukraine, defence

Russia denounced NATO's decisions at a summit in Turkey on Wednesday, saying they could have catastrophic consequences, after the alliance announced military aid to Ukraine and

US states could sue next week to block Paramount-Warner Bros deal, sources say

U.S. states concerned that Paramount's $110 billion acquisition of Warner Bros.

Oil rises more than a dollar per barrel as US launches fresh strikes against Iran

Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military began launching fresh strikes on Iran.

UK housing market downturn eased a little in June, RICS reports

The downturn in Britain's housing market abated slightly last month, although sentiment remains fragile and prone to uncertainty, a survey from the Royal Institution of Chartered

New Zealand's manufacturing index hits five-year high in June on renewed confidence

New Zealand's manufacturing activity rose sharply in June as businesses reported a renewed sense of confidence amid stronger sales and fuller order books despite the

Mitch McConnell has been hospitalized for a month and his team won’t say why. Here’s what we know

Mitch McConnell has been hospitalized for a month and his team won’t say why. Here’s what we know

John Deere owners will get the right to repair their own equipment under a new FTC settlement

John Deere owners should soon feel free to fix their own machines

Senate committee to vote on bill to tighten US ban on Chinese vehicles

The U.S.

US military is conducting fresh strikes on Iran

The U.S. military is conducting fresh strikes on Iran, the U.S.

Honeywell Technologies raises profit guidance after one-for-two reverse stock split

Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.

Trading Day: War on, risk-off: Stocks drop, crude jumps as Trump calls Iran peace deal 'over'

The S&P 500 and the Dow followed their global counterparts lower on Wednesday, and crude prices surged as U.S.

Levi Strauss raises forecast as premium denim gains traction, but shares fall

Levi Strauss on Wednesday raised its annual net sales forecast, betting that its premium denim products would appeal to higher-income shoppers

Big Tech joins Calgary Stampede oil bash, as Canada courts data centers

Big Tech has joined the party at the Calgary Stampede, a sign of growing interest in Canada from U.S.-based hyperscalers as the province of Alberta

US coffee industry asks Trump to keep tariff exemption on Brazil beans

The U.S. coffee industry asked the Trump administration on Wednesday to keep Brazilian green coffee exempt from tariffs, during a session of public

Meta to build C$13 billion Alberta data center, its first in Canada

Tech giant Meta announced Wednesday it will build a massive data center in central Alberta, the company's first in Canada, as it rapidly builds out

Paramount will not close Warner Bros deal before July 22 amid Oregon probe

Paramount has said it will not close its $110 billion acquisition of Warner Bros before July 22, the Oregon attorney general's office said, pushing out the timeline

Michael Burry buys Flutter, DraftKings shares betting prediction-market threat will fade

Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has bought shares of sports-betting platforms Flutter Entertainment and

Meta plans billions for first AI data center in Canada, largest outside the US

Facebook and Instagram parent Meta said Wednesday it will invest more than 13 billion Canadian dollars ($9.1 billion) to build its first artificial intelligence data center in Canada and its largest outside the United States

Visualizing the buckling at an NYC high-rise and how teams are working to stabilize

Visualizing the buckling at an NYC high-rise and how teams are working to stabilize

What to know about protecting pets from the New World screwworm fly

New World screwworm cases in dogs in Texas and New Mexico are prompting warnings from veterinarians and humane societies that pet owners need to remain vigilant to protect their animals

Ireland's Manna begins push into U.S. drone delivery 'battleground'

Ninety

IMF's Georgieva to visit Argentina in late July

International Monetary Fund Managing Director Kristalina Georgieva will visit Argentina at the end of July, IMF spokesman Pierre Mejlak said on Wednesday.

US SEC removes legal obstacle to UBS' crisis-resolution plan

The U.S.

Venture Global's second-quarter liquefaction fee jumps 69% as Iran war lifts LNG prices

U.S.-based LNG producer Venture Global said on Wednesday average liquefaction fees jumped 69% in the second quarter from the previous three months, benefiting from higher global LNG

How can Trump 'cut off all trade' with Spain?

U.S.

Global economy resilient to Middle East war shock, agencies say

The global economy has been broadly resilient to the shock from the war in the Middle East, the heads of the International Energy Agency, International Monetary Fund,

US diesel futures post biggest daily gains in four years after Russia bans exports

U.S. diesel futures were set for their biggest daily gains in four years on Wednesday after Russia announced a ban on exports of the industrial fuel,

US judge approves Elon Musk settlement with SEC despite misgivings, 'red flags'

A federal judge on Wednesday approved the U.S.

Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'

Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran

Fact check: Trump’s false claims at his NATO press conference

Fact check: Trump’s false claims at his NATO press conference

Officials ‘confident’ temporary shoring has stabilized NYC high-rise

New York officials said they are “confident” that installation of temporary shoring on a high-rise in Midtown Manhattan has stabilized the building after officials warned of a partial collapse Tuesday when structural columns buckled.

Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes

Russia introduced a ban on diesel exports on Wednesday as part of a raft of measures to support the domestic fuel market after systematic Ukrainian drone attacks on oil

UniCredit closes in on Commerzbank as battle enters endgame

One of Europe's most cantankerous banking battles in decades is becoming more a question of how and when, not if, UniCredit secures its

Venezuelan fashion workshop swaps gowns for body bags after deadly earthquakes

Seated in his office alongside sketches of elegant dresses, fashion designer Efrain Mogollon starts the workday in Venezuela like any

Investors get inflation 'wake-up call' as Trump fires up oil prices

Global investors have had a stark reminder of how quickly the oil market can reignite concern about inflation and volatility, after U.S.

Swiss official sees good chance 15% US tariff rate maintained

A senior Swiss trade official said on Wednesday she saw a good chance that Switzerland could maintain a U.S. tariff rate set by an initial deal with Washington in November.

OpenAI launches GPT-Live voice models that listen and speak simultaneously

OpenAI on Wednesday launched GPT-Live, a new family of voice models capable of listening and speaking simultaneously in real time.

Fed policymakers' inflation concerns grew at June meeting, minutes show

Concern about high inflation mounted at the U.S. central bank's meeting last month, as officials followed Federal Reserve Chairman Kevin Warsh's lead

Pentagon seeks to rally Latin America behind new Monroe Doctrine

President Donald Trump's administration sought on Wednesday to rally Latin American nations behind a revamped Monroe Doctrine, the 19th-century policy asserting U.S.

Etihad nearing deal to order 10 Boeing 787 jets, sources say

Abu Dhabi's Etihad Airways is nearing a deal to order 10 Boeing 787 wide-body jets, with an announcement expected as early as this

S&P 500 ends down after Trump says Iran deal is 'over'

The S&P 500 ended lower on Wednesday after U.S.

Trump to remove Syria from US terrorism sponsor list

President Donald Trump on Wednesday informed his Syrian counterpart Ahmed al-Sharaa that he had decided to remove

Deere settles lawsuit by US FTC, states over equipment repair restrictions

 Deere agreed on Wednesday to settle a lawsuit by the Federal Trade Commission and five U.S. states accusing the farm equipment maker of illegally requiring

Fed minutes: Officials deeply divided over future path of US inflation

The Federal Reserve's rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday

The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices

The potential unraveling of a fragile truce between Iran and the United States has renewed anxiety over fuel prices

Another ‘Super El Niño’ is brewing. Scientists are looking at a controversial solution to squash them

Another ‘Super El Niño’ is brewing. Scientists are looking at a controversial solution to squash them

Takeaways: Trump leaves NATO summit declaring 'a lot of love' with allies after a rocky start

NATO Secretary-General Mark Rutte says the message from a summit in Ankara, Turkey, is that “NATO delivers.”

Monterey County farmers battle pests, rising costs and changing wine demand in crop report

Monterey County farmers battle pests, rising costs and changing wine demand in crop report

'My son's more than a data point': Concerns over state assessment tool deciding vulnerable Nebraskans funding for care

'My son's more than a data point': Concerns over state assessment tool deciding vulnerable Nebraskans funding for care

Trump's Board of Peace planning pilot humanitarian zone in Gaza, official says

Donald Trump’s Board of Peace is planning a pilot humanitarian zone for Gazans as a way to kickstart the U.S. president's stalled peace plan, regardless of whether a deal is reached

Trump orders halt to US trade with Spain over NATO spending, Iran

U.S.

Airbus deliveries rise 15% to 351 in first half

Airbus delivered 351 airplanes in the first half of the year, up around 15% from 306 in the same period of 2025, after handing over 89 jets in June, the European planemaker said on

ADB raises developing Asia 2026 growth forecast to 4.9%

The Asian Development Bank sees a slight improvement in the growth outlook for developing Asia and the Pacific this year, though still below earlier projections due to the

How Iran's 'golden weapon' of Hormuz became a bigger priority than its long-disputed nuclear programme

By Parisa Hafezi and Angus McDowall DUBAI, July 8 - Control over the Strait of Hormuz has become a "golden weapon" to Iran, for which it is willing to risk new escalations with the United States, and

Trump cites 'tremendous unity' at NATO summit, progress on defense spending

U.S.

Trump says he doesn't think Iran conflict will start again

U.S. President Donald Trump on Wednesday said he did not think a full-fledged conflict with Iran would erupt in the wake of military strikes from both sides.

Democrat Rahm Emanuel tells Israel to change course or risk US alliance

Rahm Emanuel, a Democrat weighing a 2028 U.S. presidential run, said on Wednesday that Israel risks jeopardizing its alliance with Washington unless it

BofA extends first $520 million loan to OpenAI ahead of IPO, source says

Bank of America has extended a $520 million credit line to OpenAI, its first loan to the AI company that is preparing for an initial public offering, a person familiar with the

After devastating diagnosis, insurance company wouldn’t cover New Hampshire child’s wheelchair

After devastating diagnosis, insurance company wouldn’t cover New Hampshire child’s wheelchair

IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war

Why rural healthcare fund’s $50B focus on tech upgrades may not help vulnerable hospitals and providers

An influx of cash would help stabilize rural health systems, but the program’s focus on technology may leave other major issues unaddressed.

Major AI offerings at a glance

OpenAI will launch GPT-5.6, its most advanced AI model, on Thursday after a delay prompted by U.S. government concerns over the potential national security risks posed by

JPMorgan hires veteran banker Michael Flynn to lead small-cap banking business

JPMorgan Chase has hired veteran banker Michael Flynn to lead a newly created banking business, according to a memo seen by Reuters on Wednesday.

Stocks, bonds retreat after Trump says Iran MOU 'is over'

Oil surged and stocks and bonds dropped on Wednesday, after U.S.

Oil hits multi-week high, Wall Street slips as Iran tensions reignite

Stocks were mostly lower and oil prices rose on Wednesday after U.S.

Dollar fades after touching one-week high as Iran deal in doubt

The U.S. dollar dipped after reaching its highest level in about a week on Wednesday after U.S.

IMF says hopes to engage on central banks' changes to forward guidance

The International Monetary Fund hopes to engage with central banks in coming months on changes in their use of forward guidance on monetary policy, a

US traffic deaths fell sharply in early 2026

U.S. traffic deaths fell to the lowest rate since 2014 in the first three months of the year after a ​sharp rise in road fatalities during the COVID

NY Fed says firms in its district aren't done passing on tariff costs 

By Michael S.

Mexico expects economy to outperform IMF projections

Mexico Finance Minister Edgar Amador said on Wednesday that he expects the economy to perform better than the latest projections by the International Monetary Fund.

US wholesale inventories in May revised lower

U.S. wholesale inventories rose far less than initially thought in May, which could temper expectations that restocking would provide a significant lift to economic

Rahm Emanuel warns that Israel has become a 'territorial pariah' in a blistering speech

Rahm Emanuel, a potential Democratic presidential candidate, warns that Israel is becoming isolated due to its leadership

Farage and Le Pen make the same defiant pitch: Only the people can judge us

Farage and Le Pen make the same defiant pitch: Only the people can judge us

Weekend storms impact commuters at Cromwell Light Rail station amid continued power outages

Weekend storms impact commuters at Cromwell Light Rail station amid continued power outages

IMF edges 2026 global growth forecast lower to 3%, sees rebound in 2027

The International Monetary Fund on Wednesday inched its 2026 global growth forecast lower again to 3.0%, warning of ongoing risks posed by the war in

Wall St opens lower as Trump says Iran deal is 'over'

Wall Street's main indexes opened lower on Wednesday after President Donald Trump said an interim deal aimed at ending the war with Iran was "over," sending oil prices higher and

Fed minutes due as analysts debate whether Warsh will curtail them

A critical readout on Wednesday of the first Federal Reserve policy meeting overseen by Chairman Kevin Warsh may offer greater insight into the "family fight" the new central bank

Venezuela’s acting president is facing her worst crisis yet. Could it help her stay in power?

Venezuela’s acting president is facing her worst crisis yet. Could it help her stay in power?

Florida’s proposed property tax cuts rely on a population boom that has slowed dramatically

Florida’s population boom has fizzled to just 0.9% growth as domestic migration slows to a trickle.

Surge pricing is broken – but there’s a smarter way to match gig workers with consumers

Rather than chasing dollars, gig workers are micro-entrepreneurs who perform a strict ‘mental audit’ of every single task to see if it’s worth their time.

European shares post worst day since March; Trump threat rattles Spanish stocks

European shares posted their steepest one-day drop since mid-March on Wednesday after U.S.

Catastrophic storms to test China's resilience in 2026, scientists warn

The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of

Apple to spend $30 billion on Broadcom chips as it boosts US sourcing

Apple plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom, bolstering its U.S. sourcing as President Donald

Trump invokes communism 81 times in two weeks as aides test midterms message

U.S.

Bezos' Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports

Jeff Bezos' Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion

Airbus trims jet industry demand forecast after Iran war, tariffs

Airbus on Wednesday revised down its 20-year industry-wide forecast for passenger aircraft demand by 1% after the Iran war and trade

Climate change threatens to dent Italy's long-term economic growth and  worsen debt risks, study says

Climate change could significantly weaken Italy's long-term economic growth and make its already heavy public debt burden harder to sustain, with output

Le Pen can run, but can’t hide her policy flaws

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.)

China's central bank pledges to maintain accommodative policy amid weak demand, external shocks

China's central bank said on Wednesday it would maintain an appropriately loose monetary policy and ramp up financial support to revive domestic consumption, adding that

HSBC drops 'overweight' call on EM equities on AI spending fears

HSBC closed its "overweight" stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that renewed concerns over weaker AI spending could

Fertilizers carry a hidden cost for soil’s crucial microbes – using less as prices rise might pay off for farms in unexpected ways

Too much fertilizer disrupts the hidden world of soil-dwelling microbes that were sustaining healthy crops long before synthetic fertilizer was invented.

Brazil's Natura sees second-quarter revenue down 9% to 10% year-on-year

Brazilian cosmetics maker Natura on Wednesday reported preliminary second-quarter consolidated net revenue between 5.1 billion reais and 5.2 billion reais ($1.01 billion)

Chevron offers rival drillers its chemical technology to boost shale oil output

Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part

Apple says it will spend $30 billion to design US-made Broadcom chips

Apple says it will spend $30 billion to design US-made Broadcom chips

Polymarket is in a high-stakes race to win back trust as it recommits to the US market

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public

US container imports jumped 8% in June ahead of higher fuel costs and tariff increases

U.S. container imports surged 8.2% in June from the year earlier, supply chain technology provider Descartes Systems Group said on Wednesday, after

From space rocks to smartwatches, AI millionaires rewrite the luxury playbook

Sitting on roughly $3.5 million in SpaceX shares, Chip, a former data scientist at Elon Musk's aerospace behemoth, has recently

Crypto firms prepare defenses as quantum threat to encryption draws nearer

The cryptocurrency industry is starting to prepare for the threat of quantum computing as recent advances fuel concerns that the technology could soon be

AI chip startup SambaNova valued at $11 billion in $1 billion funding round

AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.

Foreign investors pare India rate-hike bets, fuel record 5-year swaps trading

A rush by foreign investors to unwind bets on interest rate hikes in India has pushed turnover in the country's five-year overnight index

Obamacare insurers ask for second-highest premiums increase in nearly a decade

Companies offering Obamacare health insurance plans next year are requesting payment rates representing a 14% median increase to premiums over 2026 rates,

Is it 'over'?

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Oil prices jumped on Wednesday after the U.S. and Iran

The best used sedans for under $15,000, according to Edmunds

While prices remain higher than they were a few years ago, used-car shoppers with a budget of $15,000 can still find sedans that offer a compelling combination of comfort, efficiency, and modern technology

Walmart is hosting VIP tours for World Cup visitors

Walmart is hosting VIP tours for World Cup visitors

Why does Trump keep talking about ‘communism’?

Why does Trump keep talking about ‘communism’?

New York hopes converted offices can ease a housing crisis. A structural emergency at a high-rise tower shows the challenges

New York hopes converted offices can ease a housing crisis. A structural emergency at a high-rise tower shows the challenges

Data center fights pit social values, democracy and capitalism against each other

Data center proposals are often local controversies with significant underlying principles at stake.

OpenAI set to launch most capable GPT model after delayed rollout

OpenAI will publicly launch GPT-5.6, its most advanced AI model, on Thursday following a delay last month prompted by U.S. government

New US attacks on Iran were absolutely necessary, NATO chief says

The new attacks by the U.S. on Iran were "absolutely necessary," NATO Secretary General Mark Rutte said on Wednesday.

Daimler Truck Q2 vehicle sales rise 8% as North America demand recovers

Daimler Truck, one of the world's biggest truckmakers, on Wednesday reported an 8% increase in second-quarter group vehicle sales, driven by demand recovery in its North American

Mercedes-Benz Q2 sales fall, China competition intensifies

German carmaker Mercedes-Benz said on Wednesday sales in its core car business continued to fall in the second quarter, declining 8% year-on-year due to intense competition in China

Japan's ruling party plans tighter oversight of disclosures by activist investors

Japan's ruling party plans to propose stronger enforcement against suspected violations of shareholder disclosure rules by activist

Four oil and gas tankers turn back from Hormuz strait after vessel attacks

At least four oil and gas tankers have turned back from attempting to transit the Strait of Hormuz, ship-tracking data showed, as renewed

China's actions risk creation of new status quo, Taiwan official says

China's gradually increasing pressure tactics risk creating an entirely new status quo in the Taiwan Strait, which the international community may not realise until it is

BHP iron ore workers threaten first strike in decades at Port Hedland

Hundreds of workers at BHP's Port Hedland iron ore operations in Western Australia could walk off the job next week, in what would mark the biggest

Japan considers policy wording change as BOJ independence fears roil bonds

Japan's government is considering revising language on monetary policy in its economic blueprint, a draft obtained by Reuters showed, as

Ceasefire? What ceasefire?

A look at the day ahead in European and global markets from Ankur Banerjee And just like that, we're back to staring at shipping routes across the Strait of Hormuz after a fresh bout of tit-for-tat

Germany could gain from planned U.S. port fees on China-built ships, DIW says

Germany could benefit from planned U.S. port fees on merchant ships built in China, with its exports to the United States potentially

UN officials urge Western nations to engage with Afghanistan to prevent it sliding into instability

Two top United Nations officials are urging Western nations to engage with Afghanistan to prevent the country from sliding back into instability

US says it has completed a new round of strikes on Iran

The U.S. Central Command said on Tuesday it completed a new round of strikes on Iran and that it had struck over 80 targets during its latest attacks.

Federal immigration agent fatally shoots man in Houston during an enforcement operation

Authorities say a U.S. Immigration and Customs Enforcement officer shot and killed a man in Houston during an operation after he attempted to evade arrest in his vehicle

Healthcare gives Democrats a potent midterms attack line in Iowa and beyond

Shannon Gooden has voted Republican her entire life, including for Donald Trump three times.

Brazil's Senator Bolsonaro argues against 25% US tariff on its exports

Brazilian Senator and presidential hopeful Flavio Bolsonaro on Tuesday argued to the U.S.

Perplexity says it plans to use Nvidia's new CPU 

AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new central processing units, as the chip giant works to broaden its market and

Nine countries commit to global defence bank, Canada says

Nine countries have committed to a new global defence bank, Canadian Prime Minister Mark Carney said on Tuesday, in a

Financial institutions' health is key factor in bank runs, New York Fed research shows

Bank runs turn into bigger problems when financial institutions' broader underlying health is under challenge, new research from the New York Federal Reserve showed on

Brokerages line up bullish calls as SpaceX enters Nasdaq-100

SpaceX's swift addition to the Nasdaq-100 index on Tuesday is expected to unleash billions in passive buying, as brokerages kicked off

Norfolk Southern, Union Pacific defend proposed $85 billion merger

Union Pacific and Norfolk Southern told a U.S. government agency Tuesday they are willing to divest ownership stakes in some smaller railroads as

US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks

The United States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the

Who are the Democratic Socialists of America?

The Democratic Socialists of America, a left-wing political group, is now playing an influential role in the U.S. Democratic Party. 

Korean chip stocks flip to losses on lingering AI, memory pricing concerns

Shares of South Korean chipmakers Samsung Electronics and SK Hynix reversed early gains to fall sharply on Wednesday, amid lingering concerns over slowing

Oklahoma sues Allstate, says insurer underpays damages claims

Allstate was sued on Tuesday by Oklahoma, which accused the insurer of underpaying or denying claims for damage from wind and hailstorms over several years.

Hormuz shipping risk raised to severe after tankers hit, reviving U.S.-Iran tensions

A Qatari LNG tanker was at risk of exploding and a Saudi crude tanker was damaged near the Strait of Hormuz on

Trump administration puts plan for Harriet Tubman $20 bill on ice

The U.S.

Trading Day: A chip on our shoulder: Volatile semis drag U.S. stocks lower, crude jumps

Wall Street stocks followed their European counterparts lower amid a chip-driven tech selloff on Tuesday as a flare-up of Middle East tensions sent crude

Oil jumps after settlement as US revokes general license for Iran oil sales

Oil prices settled 3% higher on Tuesday and then extended gains post-settlement, after Iran attacked three commercial vessels in the Strait of Hormuz and the

Exxon signals Q2 profit windfall as higher oil prices boost bottom line

U.S. oil and gas major Exxon Mobil signaled on Tuesday that its second-quarter earnings could see a boost of about $5 billion compared to

Venezuelan volunteers dig graves for quake victims as US defends government relief effort

At the La Esperanza cemetery in western Venezuela, local volunteers have been digging graves for victims

FCC denies US firm with Chinese links approval to provide telecom services

The Federal Communications Commission said on Tuesday it is adding California-based Digitalsystem Technology to a list of companies posing risks to

UK jobs market downturn eases as pay pressure pick up, survey shows

Britain's jobs market downturn eased slightly last month, according to a survey of recruitment companies on Wednesday that showed an upturn in temporary hiring and starting salaries

Coty exits Gucci license early to raise cash for turnaround

Coty said on Tuesday it had agreed to return the Gucci Beauty license to Kering for about $400 million, ending the agreement about a year early as the U.S. cosmetics group raises

MasTec to buy Superior Group in $1.65 billion deal to expand data center business

Infrastructure engineering and construction firm MasTec said on Tuesday it would acquire electrical contractor Superior Group in a $1.65 billion cash-and-stock deal, expanding its

Forget logos, young people in China want ‘spiritual’ luxury

Forget logos, young people in China want ‘spiritual’ luxury

Protests break out in Havana as Cuba struggles to restore electricity

Scattered protests broke out across Havana on Tuesday evening, with residents banging pots, honking horns and shouting "turn on the lights

Japan asset managers pursue global investor mandates as yen bond demand grows

Japanese asset managers, including the units of Mizuho and Nomura, are rushing to launch bond funds to meet soaring interest in Japanese debt

South Korea to closely watch risks around stock market volatility

South Korea's finance minister agreed on Wednesday with other economic policymakers to closely monitor risk factors that could heighten stock market volatility, the ministry

IMF appoints Silvana Tenreyro as chief economist, head of research

The International Monetary Fund on Tuesday named Silvana Tenreyro as its next chief economist, replacing Pierre-Olivier Gourinchas, who has returned to academia,

Amazon aims to raise $25 billion from bond sale

Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company's latest push to fund its hefty

Oregon to ask court to delay Paramount deal for 60 days while it reviews records

The Oregon attorney general will ask a court to pause Paramount's $110 billion bid to acquire Warner Bros for 60 days, saying on Tuesday the company withheld records

From factory to tech frontier: China becomes legacy automakers' innovation engine

In May, General Motors marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month.

Australia central banker says oil shock yet to slow economy

The recent oil shock has led to falls in Australia's consumer and business confidence but so far there are few signs of a marked slowdown in activity, a senior central

Latin American countries, some steelmakers argue for US tariff exemptions

Several Latin American countries said on Tuesday they are working to prevent the import of goods produced with forced labor, urging the Trump

Synopsys to cut chip fab manufacturing control software in shift to AI design, sources say

U.S. chip design giant Synopsys plans to stop offering a suite of manufacturing process control software used by global semiconductor makers,

US airlines’ monthly fuel spending topped $6 billion again in May, up 84% from year ago

Government data released Tuesday shows that U.S. airlines spent $6.66 billion on jet fuel in May

Venezuelan cemetery expands burials for earthquake victims, many of whom remain unidentified

Venezuelan cemetery expands burials for earthquake victims, many of whom remain unidentified

Fact check: Five false claims Trump made in one meeting with Erdogan

Fact check: Five false claims Trump made in one meeting with Erdogan

US strikes Iran and reimposes oil sanctions as ceasefire faces one of its most significant tests

US strikes Iran and reimposes oil sanctions as ceasefire faces one of its most significant tests

Chip dip

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest U.S. chip stocks staged a comeback on Monday, but that

Trading surge, helped by SpaceX IPO, seen lifting Wall St banks' second-quarter earnings

Driven in part by the blockbuster SpaceX mega IPO, a surge in sales and trading will power U.S.

Justice Department reaches another settlement with Trump adviser Michael Flynn

Justice Department reaches another settlement with Trump adviser Michael Flynn

ECB's Panetta says economic outlook remains fragile

The outlook for the euro zone economy remains fragile, a senior European Central Bank policymaker said on Tuesday, calling for monetary policy decisions to be

China, Japan trade conflicting accounts of confrontation around Senkaku islands

China and Japan reported conflicting accounts on Tuesday of a confrontation near the disputed Senkaku Islands involving their coast guards and a Japanese fishing

Canada wants more backers for global defence bank, foreign minister says

Canada wants more countries to back its global defence bank initiative before it announces a roster of founding nations, foreign minister Anita Anand said

France's 2026 deficit target at risk as growth outlook cut, minister says

France is at risk of missing its deficit-reduction target this year as the growth outlook deteriorates and may need to take additional savings measures, Finance Minister

Fresh foods boost Amazon Now demand in Brazil, executive says

Fresh food offerings have helped boost demand for Amazon's new 15-minute quick-delivery service in Brazil, prompting the company to increase its range of

AI stocks sink and drag markets lower worldwide

The roller-coaster ride for AI stocks snapped back down and dragged Wall Street lower

UK will need vast fiscal tightening to avert debt spiral, OBR predicts

Britain will need extra tax rises or spending cuts equivalent to the entire education budget early next decade to prevent government debt

France's debt burden at risk of snowballing ahead of 2027 election

France's rising borrowing costs are fuelling concern among investors and economists that its €3.5 trillion public debt could spiral higher just as political

Moldova's Sandu names Osmochescu acting prime minister

President Maia Sandu on Tuesday named Deputy Prime Minister Eugeniu Osmochescu, a

Ex-NATO chief says UK may get 'frosty' Ankara welcome in absence of 3.5% plan

Former NATO chief and co-author of Britain's defence plan, George Robertson, criticised the government on Tuesday for not plotting a route to spending 3.5% on core defence

Kazakhstan's top court says president can seek another term

Kazakhstan's constitutional court said on Tuesday that President Kassym-Jomart Tokayev is eligible to seek a new term at the helm of the

NATO allies to discuss Hormuz tensions, mission with Gulf Arabs

France and Britain will outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO and Gulf Arab foreign

Canada's trade surplus in May jumps to a four-year high as US exports surge

Canada's trade surplus widened to a four-year high in May, with exports rising for the fourth consecutive month, as goods shipped to the United States

Canada's Ivey PMI falls to three-month low in June

Canadian economic activity expanded at a slower pace in June as measures of employment and prices fell, Ivey Purchasing Managers Index (PMI) data showed on

Nasdaq falls at open as DeepSeek's AI chip push rattles markets

The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung's strong earnings, while a report on

Trump says he will lift Turkey sanctions, decide on selling F-35s

U.S.

Fed's Williams tells Fox Business he's more sanguine on inflation due to energy price retreat

By Michael S.

Norway wealth fund enters strategic partnership with Asana Partners in the US

Norway's sovereign wealth fund, the world's largest, said on Tuesday it signed a deal with retail real estate investment firm Asana Partners for a strategic partnership

Beijing is looking at curbing overseas access to China's top AI models, sources say

Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI

BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand

BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it seeks to tap surging investor demand for exposure to the AI-

Nigeria to investigate tech firms over news content use

Nigerian President Bola Tinubu has directed the country’s competition regulator to investigate major technology companies over alleged anti-competitive

BOJ dissenter Asada needs demand-driven inflation before backing rate hike

Bank of Japan board member Toichiro Asada said he must see signs of demand-driven inflation before supporting interest rate rises, but

Russia's largest oil refinery halts processing after drone attack, sources say

Omsk oil refinery, Russia's largest, has halted operations following a Ukrainian drone attack, two industry sources said on Tuesday.

Burnham ally O'Neill says UK's next leader to be "bolder" on investment borrowing

Economist Jim O'Neill urged Britain's next leader to be bolder on investment borrowing, saying fiscal credibility cannot be judged by a single rulebook.

US consumers' near-term inflation expectations rise in June, New York Fed says

By Michael S.

Five NATO members seen to spend over 3.5% of GDP on core defence this year, alliance estimates show

Five NATO members are projected to meet the alliance's goal of spending 3.5% of gross domestic product on core defence already in 2026, according to updated NATO data

Hedge funds record best first-half performance in 13 years, sources say

Global hedge funds delivered their strongest first-half performance since 2013, data from hedge fund data firm PivotalPath showed, as healthcare, tech and

Weight-loss drug developers line up to tap lucrative market as competition heats up

The weight-loss drug market is booming, with biotech firms racing to capture a slice of a fast-growing sector dominated by Novo Nordisk and Eli Lilly.

Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

Meta Platforms said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook and

Tech companies tap debt, equity to fund AI and cloud expansion

The world's largest technology companies are tapping debt markets and raising equity to bolster AI infrastructure, marking a shift for Silicon Valley firms that typically relied on

Nuclear fuel firm Standard Nuclear eyes up to $3.55 billion valuation in US IPO

Standard Nuclear is targeting a valuation of up to $3.55 billion in its U.S. initial public offering, as investors increasingly favor energy companies on expectations of rising

World must close $4 trillion annual funding gap to reach development goals, UN says

Countries around the world must take decisive action to close a $4 trillion annual financing gap to ensure that sustainable development targets set just

Pay gap between top and lowest Swiss earners has grown, study finds

The gap between high earners and low-paid workers in Switzerland has increased over the last decade, a trade union study published on Tuesday found.

Brazil's 2026 auto sales seen at highest since 2014, auto association says

Brazilian auto sales this year are expected to reach the highest level since 2014, automakers association Anfavea said on Tuesday, while also increasing production

NATO showcases big arms deals as Trump feels let down

NATO leaders unveiled arms deals worth tens of billions of dollars in Turkey on Tuesday, driving home the message that

Fiat launches Topolino mini EV in U.S. with $13,995 price tag

Fiat launched sales in the United States of Topolino, its two-seat, fully electric compact car, with a price starting from $13,995 and a range of up to 46 miles (74 km), the

Armenian opposition leader charged with fraud to be held for two months

The leader of a pro-Russian Armenian opposition party was placed in pre-trial detention for two months on Tuesday after being detained on suspicion of large-scale fraud and money

US airlines fuel bills rose by $3 billion in May

Fuel costs for U.S. airlines jumped 85% in May to nearly $6.7 billion as the Middle East conflict drove ‌up prices, the U.S.

US May trade deficit widens as capital goods imports hit record high

The U.S. trade deficit widened sharply in May as imports of capital goods surged to a record high, suggesting that trade remained a drag on gross

Oil spikes, Wall Street drops as US-Iran tensions rebuild

Oil prices spiked late on Tuesday on renewed fears that a tenuous peace between the U.S. and Iran was faltering, while U.S. stocks fell, led by

AI startup CEO pleaded guilty in US to trading on insider tips from lawyers

The founder and chief executive of an AI startup secretly pleaded guilty last year to participating in a vast scheme in which attorneys at major law firms

Big Tech data centers are driving up power bills at America's Rust Belt factories

For years, electricity costs for the Belden Brick Company in Sugarcreek, Ohio, had been relatively stable.

Nasdaq sinks as AI worries hit chipmakers

The Nasdaq ended sharply lower on Tuesday, weighed down by losses in Micron Technology and other chipmakers due to mounting doubts about the

Same old story: US men's soccer team has been stagnant for quarter century

The U.S. men's national soccer team remains stagnant despite growth in American soccer

NATO unveils billions in arms deals to prove its firepower as Trump again demands Greenland

President Donald Trump insists the United States should control Greenland instead of Denmark, renewing tensions in Europe at a NATO summit

Wall Street banks are sky-high about SpaceX, but investors remain cautious

Wall Street banks have high hopes for SpaceX but at the moment shares of Elon Musk’s rocket market appear to be earthbound

US airlines are redesigning travel around their highest-paying passengers

America’s biggest airlines are expanding their premium cabins and adding more luxury perks to attract high-paying passengers

Former mayor of Mississippi's capital city pleads guilty in bribery scheme

The former mayor of Mississippi’s capital city and a former City Council president have pleaded guilty in a bribery scheme

Homeowner says 'up and up' insurance costs totaling $9K may force her to sell home

Homeowner says 'up and up' insurance costs totaling $9K may force her to sell home

Cuba hit with nationwide blackout as US pressure continues

Cuba hit with nationwide blackout as US pressure continues

AP-NORC poll: About 3 in 10 US adults believe Israel has committed genocide against Palestinians

A new AP-NORC poll reveals a dramatic erosion of support for Israel, after decades of bipartisan backing

Kazakhstan's top court rules that President Tokayev can seek another term

Kazakhstan’s top court has ruled that President Kassym-Jomart Tokayev can seek another seven years in office after a referendum on the constitution reset term limits for the office

Dramatic video shows roof collapse at BJ's Wholesale Club amid heavy rain

Dramatic video shows roof collapse at BJ's Wholesale Club amid heavy rain

Veteran-owned tree service helps neighbors clean up after severe storms

Veteran-owned tree service helps neighbors clean up after severe storms

Trump promised to cut electric bills in half. His energy policy is doing the opposite, new analysis finds

Trump promised to cut electric bills in half. His energy policy is doing the opposite, new analysis finds

Why the DOJ is investigating Philadelphia after police stripped gun permits from Black Panthers-inspired group

Philadelphia police revoked the carry licenses of five members of the Black Lion Party for International Solidarity, citing ‘good cause.’ Is that constitutional?

When managing your money, take a chatbot’s ‘confidence’ with a grain of salt

The higher the stakes and the more specific the questions, the more likely AI will stumble on personal finance advice.

SpaceX is joining the Nasdaq 100. Here’s what to know

SpaceX is joining the Nasdaq 100. Here’s what to know

AI is powering an economy in which many Americans are falling behind

AI is powering an economy in which many Americans are falling behind

Tornadoes wreak havoc across central China as Typhoon Bavi looms offshore

Two tornadoes wrought devastation in central China's Hubei province, killing at least 11 people, as winds of up to 149 kph (93 mph) overturned cars and ripped

European shares slip as global tech retreat weighs

European shares slipped on Tuesday, weighed down by a global selloff in tech stocks, while investors monitored the NATO

German industrial output rises more than expected in May

German industrial production rose more than expected in May, driven by a strong increase in automotive production.

Samsung boom, market gloom

A look at the day ahead in European and global markets from Satoshi Sugiyama.

Japan pushes back on views it is pressuring BOJ to keep rates low

Japan's government on Tuesday pushed back against market views it was watering down its commitment to fiscal reform and pressuring the

Samsung flags 19-fold jump in profit, but shares slump on jitters AI boom may stall

Samsung Electronics on Tuesday flagged a 19-fold jump in second-quarter operating profit, surpassing its combined earnings over

Dollar edges higher after data as yen holds near 40-year low

The dollar rose modestly on Tuesday following consecutive sessions of slight declines while the yen held near a four-decade low, as investors

The world’s most livable city for 2026 has been revealed

The world’s most livable city for 2026 has been revealed

Yacht owners and public housing residents once shared Venezuela's coast. Now they share its ruin

In Venezuela, a devastating earthquake on June 24 has left about 17,000 people homeless

China smartphone sales drop 13% during 618 festival as memory costs limit discounts

Smartphone sales in China fell 13% year-on-year during the month-long 618 shopping festival, as brands raised prices to offset higher memory

Oil gains after vessels attacked near Strait of Hormuz

Oil prices rose more than 2% on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the

Indonesia, India sign agriculture, critical minerals and missile deals

Indonesia and India on Tuesday signed a raft of deals on critical minerals, agriculture and defence, including for the BrahMos cruise

Australian shares little changed as gold miners, consumer stocks drag

Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software heavyweight WiseTech Global

Australia's WiseTech co-founder Richard White steps down as executive chair

Australia's WiseTech Global said on Tuesday that co-founder Richard White would step down as executive chair, effective immediately, while Raelene Murphy had been appointed

China breaks step with global markets, and investors buy in

Investor thinking on Chinese assets is changing, as steady returns through the turbulence of the Iran war and AI frenzy show

Alberta and Ontario propose a pipeline to carry western Canada's oil to the east

The premiers of Alberta and Ontario have proposed a pipeline to carry western Canadian oil to the country's east as Canada seeks new markets

Islandwide blackout hits Cuba as its fuel reserve dwindles and aging grid crumbles

An islandwide blackout has hit Cuba as fuel reserves dwindle and its electric grid continues to crumble

Corporate Japan's rare-earth warnings get louder as China keeps the spigot closed

A shortage of critical

Death toll from Venezuela quakes rises to 3,535 as thousands remain displaced

The death toll from Venezuela's twin earthquakes has risen to 3,535, authorities said on Monday, while nearly 18,000 people remain homeless more than a week after the

Japan real wages up for 5th month in May, slower due to inflation

Japan's real wages rose 1.4% in May from a year earlier to mark a fifth month of increases, although the growth rate slowed amid re-accelerating consumer inflation,

Fiserv exploring sale of debit card network to big US banks, source says

Payments firm Fiserv has held talks with U.S. banks including JPMorgan and Bank of America to sell its payments infrastructure business that handles debit card transactions, a

Walmart is lowering prices on summer BBQ items. Trump says it’s because of him

Walmart is lowering prices on summer BBQ items. Trump says it’s because of him

Trump rings opening bell to mark first day of trading for Trump Accounts

Trump rings opening bell to mark first day of trading for Trump Accounts

China's booming gig economy masks job market pain, strains welfare system

Bao Zhang began driving for a Chinese ride-hailing app this year after losing his job as a software tester and says the weak job market gives him little hope of returning

Walmart rolls back barbecue staple prices after Trump says retailer acted at his request

Walmart said on Monday it would cut prices on many summer barbecue favorites, including meat, chips, and soda, following a Truth Social post from President Donald

Democratic AGs oppose Trump plan to impose tariffs on forced labor concerns

A group of 22 Democratic state attorneys general on Monday opposed the Trump administration’s proposed tariffs of up to 12.5% on 59

Rivian's shares fall after public offering plan overshadows upbeat revenue forecast

Shares of Rivian slipped 9% in extended trading on Monday after the electric-vehicle maker launched an offer to sell 75 million shares, even as it

US makes available $281 million in grants for addiction and mental health programs

The U.S.

Wall Street regulator should stick to quarterly reports, investor groups say

The investment industry is urging Wall Street's top regulator to stick to its current practice of requiring quarterly reporting from publicly traded companies, according

Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling

A former Democratic commissioner of one of the country’s top civil rights agencies has dropped a lawsuit challenging her dismissal by President Donald Trump

Trump says Walmart cut prices at his request, but Walmart statement omits administration's role

President Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement

US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencing

U.S. prosecutors are setting the stage for seeking leniency at next week's sentencing for a Turkish-Iranian businessman who provided key testimony at a corruption trial nearly a decade ago related to sanctions against Iran

Obamacare rolls shrank dramatically in many states over the past year, new federal data shows

New federal data reveals the first 50-state look at a steep drop in Affordable Care Act enrollment after enhanced subsidies expired in January

Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico

Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from

BRICS alternatives to dollar no longer a 'fantasy,' economist O'Neill says

A quarter of a century since he spotted the growing clout of emerging-market countries, the economist who coined the BRIC acronym said those countries

Trading Day: Chips bounce back, oil eases

Wall Street advanced on Monday as a rebound in semiconductors put the Nasdaq on top.

Vertex to buy Crinetics for $10 billion in rare-diseases push

Vertex Pharmaceuticals will buy Crinetics Pharmaceuticals for a total equity value of about $10 billion, the companies said on Monday, adding treatments for rare

Cuba begins to restore power to Havana following nationwide blackout

Cuba began to slowly restore power on Monday after the country's national electric grid collapsed earlier in the day, the latest blow to

Rebounding AI stocks send the S&P 500 within 1% of its record

A rebound for AI stocks lifted the U.S. market

More than 373,000 US customers without power due to extreme weather

More than 373,000 homes and businesses were without power as of Monday due to extreme weather conditions across several areas of the United States, according to data from

Britain, Netherlands, Finland, Poland say they are making progress on defence plan

Britain, the Netherlands, Finland and Poland are making "significant progress" on the Multilateral Defence Mechanism planned by the four nations and aim to establish it by

Europe's central banks may come under political pressure, Panetta says

Central banks in Europe could come under growing pressure from governments facing rising demands for pension spending and industrial support, European Central Bank

ECB's Schnabel says Iran shock is not over

The euro zone's economy is not back to its state before the Iran war despite a drop in oil prices, as core inflation remains strong and price pressures continue, European

S&P 500, Nasdaq close sharply higher as Broadcom rallies

The S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies

Bank of Israel cuts rates, governor sees more easing as long as inflation behaves

The Bank of Israel cut short‑term interest rates for a second straight meeting on

WEF founder Schwab seeks return to forum through advisory role, WSJ reports

The World Economic Forum's founder, Klaus Schwab, has plotted a return to the organisation through an advisory role that would give him a say in appointing its future leadership,

Waukesha County residents now eligible for FEMA assistance following April storms, flooding

Waukesha County residents now eligible for FEMA assistance following April storms, flooding

MUFG CEO warns weak yen inflation may stifle demand, threaten growth

The CEO of Japan's largest banking group warned that sustained inflation driven by a depreciating yen could hit consumer sentiment and the

Fed's Waller: Forward guidance 'valuable,' though not at all moments

Forward guidance can be a "valuable tool" that speeds the impact of monetary policy under the right circumstances, though it can be a problem when used

As far right eyes Elysee, French centrists pledge growth-friendly budget restraint

Leading centrist presidential hopefuls are promising corporate France they can tame the public finances without

As Khamenei mourners fill Iran's streets, discontent still simmers

Iran's theocratic rulers are mobilising mass crowds of the revolutionary faithful on the streets of Tehran, but behind the display of

Oil prices settle at pre-Iran war levels as crude output grows

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target

Trump says there will either be a deal with Iran or US will 'finish the job'

President Donald Trump said on Monday the United States would either reach a deal with Iran or "finish the job,"

Senegal's Faye plans to form his own political party

Senegal's President Bassirou Diomaye Faye is planning to set up his own political party, a coalition supporting him said, the latest evidence of a durable split with his

Elon Musk's bid to set aside Twitter fraud verdict rejected by US judge

A federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive

Waller says risks in US tilted towards high inflation

U.S. Federal Reserve Governor Christopher Waller said on Monday that high inflation is the chief risk facing the Fed given a labor market that remains stable.

Stocks surge on chip news, oil holds at pre-war levels

Wall Street surged on Monday and oil prices settled around pre-Iran war levels, as investors eyed new developments in the AI and chipmaker sector ahead

Thousands still without power after damaging weekend storms hit Oklahoma

Thousands still without power after damaging weekend storms hit Oklahoma

Microsoft cuts 4,800 jobs, including many at Xbox in a 'reset' of its gaming division

Microsoft has announced it is cutting 4,800 jobs, including many in its Xbox division

Flood recovery efforts underway at Parkside East Apartments, almost 400 displaced

Flood recovery efforts underway at Parkside East Apartments, almost 400 displaced

Microsoft axes about 4,800 jobs, including major cuts to Xbox

Microsoft axes about 4,800 jobs, including major cuts to Xbox

US service sector growth dips in June; employment rebounds after months of contraction

U.S. services sector activity dipped in June as some of the boost from businesses rushing to place orders amid the Middle East war ebbed, but employment rebounded after

Argentina to tap multilateral loans, privatizations to meet debt payments

Argentine Economy Minister Luis Caputo said on Monday the government expects to meet debt payments through 2027 with multilateral loans, privatizations

Russian drivers' patience is tested as fuel shortages drag on ​

With a nearly empty tank, Daria's car kept stalling as it inched forward in a long line at a filling station in Russia's Leningrad region which surrounds St Petersburg.

Companies cutting jobs as investments shift toward AI

Microsoft said on Monday it is cutting about 2.1% of its workforce, or roughly 4,800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining

Trump says 500,000 children receive first $1,000 Trump account deposits

President Donald Trump said on Monday the government had deposited the first $1,000 into more than 500,000 "Trump Accounts," a program

Dollar steadies, keeps yen pinned near 40-year lows

The Japanese yen struggled near four-decade lows on Monday, raising the risk of official intervention, while the dollar steadied after last week's soft jobs

Ukrainian drones hit Russia's largest refinery, in one of deepest strikes yet

Ukrainian drones struck Russia's largest oil refinery in Omsk, deep in Siberia, on Monday in what would be one of Ukraine's longest-range attacks of the war, Kyiv's military said on

Tencent unit raises $1.5 billion from Kuaishou share sale, term sheet shows

Tencent Mobility, a unit of Tencent Holdings, has raised about $1.5 billion by selling shares in Chinese short-video company

Canadian firms' inflation outlook eased after Iran ceasefire, BoC survey finds

(Corrects paragraph 2 to show next rate decision is next week, not in three weeks; corrects paragraph 8 to show figure was higher, not lower) By Promit Mukherjee and David Ljunggren OTTAWA, July 6 (

NY Fed says supply chain pressures eased in June

Global supply chain pressures eased in June, the Federal Reserve Bank of New York said on Monday, as the impact of the Middle East war began to fade.

German cabinet approves 2027 draft budget, hikes defence, investment spending

Germany's cabinet approved the first draft of the 2027 budget on Monday, ramping up investment and defence spending to shield its sluggish economy from war

Broadcom secures role as key Apple supplier with chip deal through 2031

Broadcom said on Monday it will expand its partnership with Apple through 2031 to develop and supply custom chips, cementing the chipmaker's role

Trump rings Wall Street's opening bells as he ties his presidency to stock market gains

President Donald Trump has rung the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office

NATO chief demands allies present credible plans to reach defense spending targets

NATO Secretary-General Mark Rutte has demanded that member states present clear plans to meet defense spending targets at their annual summit

Goldman Sachs hires Google's Evan Kotsovinos as partner, division engineering head

Goldman Sachs said on Monday that Evan Kotsovinos has joined the banking giant from Google as a partner and head of asset and wealth management engineering.

War threatens Russian banking crisis, European intelligence report says

Russia risks an "explosive" banking crisis because lenders are shouldering much of the burden of the country's war economy, a European state intelligence report seen

Solstice buys Element Solutions in $14.5 billion deal, sharpens focus on AI market

Honeywell spinoff Solstice Advanced Materials said it will buy peer specialty chemical company Element Solutions in a $14.5 billion deal, as it seeks to capitalize on

Renault making higher profits on compact electric models than Megane, says CEO

Renault Group is achieving better margins on its compact electric R5 than larger models like the Megane or Scenic, CEO Francois Provost told French business daily Les Echos

Armenia hopes it can resolve 'problematic issues' with Russia, PM Pashinyan says

Armenian Prime Minister Nikol Pashinyan said on Monday that he hoped the South Caucasus country could mend its relationship with Russia and resolve certain "problematic

EasyJet shares reveal deal risk as $7.3 billion takeover advances

Shares in easyJet hit four-year highs on Monday after the British budget airline agreed in principle to a £5.5 billion

Lockheed Martin to buy Ultra Maritime for $3.45 billion

Lockheed Martin will buy naval defense company Ultra Maritime from private equity firm Advent for $3.45 billion, bolstering its portfolio as global demand for military technology

Wall St opens higher as chip shares recover

Wall Street's main indexes opened higher on Monday, extending last week's rally as chip stocks rebounded, while investors looked ahead to central bank minutes and the start of the

Micron, Ford sign semiconductor supply agreement for vehicles

Micron Technology and Ford Motor on Monday signed a ​long-term agreement to secure the supply for memory and storage ‌platforms used in the automaker's next-generation vehicle

Canada's services PMI hits four-month low on geopolitical uncertainty

Canada's services economy contracted in June as geopolitical uncertainty and elevated prices dampened demand, S&P Global's Canada services PMI data showed

Microsoft to cut 4,800 jobs, overhaul Xbox unit

Microsoft said on Monday it would cut 4,800 jobs, or about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting up to

AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says

Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI "hyperscalers" as well

ITV and Comcast's Sky reshape British TV landscape with $2.1 billion deal

Comcast's Sky has agreed to buy the broadcast channels and streaming service of Britain's ITV for £1.6 billion ($2.13 billion), creating a

Pakistan mediating Libya unity push as rival camps seek deal, Pakistani sources say

Pakistan has quietly begun mediating between Libya's rival eastern and western power centres, two Pakistani sources said, in a

Azerbaijan summons Russian envoy over attack on SOCAR fuel station in Ukraine

Azerbaijan's Foreign Ministry said on Monday it had summoned Russia's ambassador to protest against what it said was a Russian drone strike on a fuel station belonging to

TeraWulf jumps on $19 billion data center lease deal with Anthropic

TeraWulf said on Monday it signed a 20-year lease with Anthropic for data center infrastructure, a deal expected to generate about $19 billion in contracted revenue, sending the

Families rally to help seniors displaced by Darby House fire: 'We have to take care of them'

Families rally to help seniors displaced by Darby House fire: 'We have to take care of them'

‘Shooting ourselves in the foot’: Johnson’s growing crisis over his unruly majority

‘Shooting ourselves in the foot’: Johnson’s growing crisis over his unruly majority

US back-to-school bargain hunt starts early as higher bills pressure families (July 6)

(Corrects paragraph 6 to say 47% refers to the share of families expecting to spend more than last year, not the percentage increase in spending. Removes the incorrect reference in the first bullet.)

Hedge funds dumped chip stocks for a fourth week as AI shares sold off

U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a client note from Goldman Sachs on Friday, in line with a recent

Volkswagen CEO faces acid test from unions over swingeing job cut plans

Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German

Financial services AI dangers highlighted by regulator's review

Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing

UK's Burnham vows discipline on fiscal rules he may need to bend

Britain's prime minister-in-waiting, Andy Burnham, promises radical change while sticking to the country's fiscal rules, a strategy that needs

Shippers Maersk and Hapag-Lloyd begin return to Suez Canal trade route

Shipping groups Maersk and Hapag-Lloyd will resume some sailings through the Suez Canal under their Gemini joint network, Maersk said on Monday, hitting shares of both

Kremlin says Russia-China naval drills are not a threat to other nations

The Kremlin said that joint naval drills between Russia and China which kicked off on Monday in the waters and airspace off the Chinese city ​of Qingdao were not directed

South Korea's SK Hynix launches $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major

It may be almost impossible to make data centers pay their ‘fair share’ of electricity costs

Setting a price for power might seem straightforward, but in reality it’s extremely complicated – and residential customers have very little influence in the decision.

Why only 13% of surplus food gets donated by US supermarkets and other retailers to help hungry people – and how food pantries are trying to gather more

Picking up food more frequently from supermarkets doesn’t close the gap between what’s donated and could be donated, a supply chain scholar explains.

We knew this Super El Niño would be intense. But it could end up being even worse than anticipated

We knew this Super El Niño would be intense. But it could end up being even worse than anticipated

How Cracker Barrel saved itself

How Cracker Barrel saved itself

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began,

France softens stance on Turkey SAMP/T air defence sale, sources say

France is open to a possible sale of the Franco-Italian SAMP/T air-defence system to Turkey after years of

Growing number of Brazilian companies seek out-of-court debt fixes amid high rates

Markets were rattled earlier this year when sugar and ethanol company Raizen sought Brazil's largest-ever out-of-court debt

ESM sees euro zone recession if US sell-off, new Middle East war hit at once

A renewed Middle East conflict and a U.S. asset sell-off are the two biggest risks to the euro zone, which, if twinned, could tip

Euro zone investor morale improves significantly in July, Sentix survey shows

The Sentix index measuring investor morale in the euro zone currency area improved significantly more than expected in July, with its third increase in a row bolstered by

From payrolls to profits

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets began the week on a mixed note, with Asian shares

In race against Lula, Flavio Bolsonaro lobbies Washington to delay Brazil tariff

Brazilian Senator Flavio Bolsonaro plans to urge the Trump administration at a Washington hearing on Monday to delay a

NATO defence push already strains Europe's budgets

NATO Secretary General Mark Rutte will insist at this week's alliance summit that member states are keeping their promise to boost defence spending.

Cuba’s hotels sit empty as US pressure campaign drives tourists away

Cuba’s hotels sit empty as US pressure campaign drives tourists away

A visual guide to the Venezuela earthquakes

A visual guide to the Venezuela earthquakes

Almost every Russian region hit by fuel crisis, as Ukraine escalates drone attacks

Almost every Russian region hit by fuel crisis, as Ukraine escalates drone attacks

Airbus informally aims for 900 deliveries after strong June, sources say

Airbus has set an internal goal of exceeding 900 deliveries for the first time this year after handing over 89 jets in June, though it is keeping its official

Samsung appliance workers to stage a rally protesting chip workers' wage deal

Workers in Samsung Electronics' smartphone, television and home appliance division will stage a rally on July 16, their union said, to protest the big bonuses the company's

German commercial property financing sentiment plunges, survey shows

The mood among those financing commercial real estate in Germany plunged in the second quarter, a survey showed on Monday, after the war in Iran prompted a rise in

UK construction downturn eases slightly in June, PMI shows

Britain's construction sector contracted sharply again in June, though the downturn eased slightly from May's six-year low as commercial building weakened less, a business

European shares retreat after hitting record high; easyJet surges on takeover offer

Europe's benchmark STOXX 600 index pulled back after hitting a record high on Monday as investors cashed in on gains

Spain, Portugal step up scrutiny of soaring property markets

Spain and Portugal are stepping up scrutiny of their soaring property markets amid early signs of overheating, but supervisors are unlikely to intervene

Malaysian lawmakers to hold hearing on Lynas-U.S. rare earths deal

A Malaysian parliamentary committee will hold a hearing on July 16 to discuss a $96 million rare earths supply deal signed between Australia's Lynas Rare Earths and

German industrial orders rose more than expected in May

German industrial orders rose more than expected in May, posting a considerable increase even when large-scale orders of aircraft, ships, trains and

Boeing's new 737 assembly line starts moving in Everett

Boeing plans to begin operating a fourth 737 MAX assembly line on Monday at its Everett, Washington, factory. 

Australia and Fiji seal a new mutual defense pact in a push to counter China in the Pacific

Australia and Fiji have signed a new bilateral defense alliance in a second major diplomatic win within a year for Australian Prime Minister Anthony Albanese against Chinese influence in the South Pacific

Bank of England could boost bond demand with leverage rule tweak, banks say

The Bank of England could give Britain's government bond market a boost this week and lower public borrowing costs by more than £1 billion ($1.3 billion) a

Samsung to serve chip taster for earnings feast

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

South Korea's Lee urges speed in launching mega chip projects

South Korean President Lee Jae Myung on Monday ordered officials to move quickly to get to work on major chip and AI projects announced last week.

EasyJet's flight path from start-up to possible takeover battle

EasyJet's decision on Friday to back a £5.7 billion ($7.65 billion) proposal by U.S. investment firm Apollo Global against Castlelake's £5.5 billion bid has opened the doors for a

South Korea's SK Hynix launching $28 billion US listing to ride global AI wave

South Korean chipmaker SK Hynix will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, as it capitalises on the global artificial

Australia signs major defence alliance with Fiji, seeking to counter China

Australia and Fiji signed a major defence alliance on Monday, committing each country to come to the other's aid if either is attacked, as China seeks to

Australian job ads in June slip 0.2% m/m, ANZ-Indeed data shows

The number of Australian job advertisements dipped slightly in June, private-sector data showed on Monday, suggesting labour demand was only gradually easing amid higher

National Guard members on patrol in Memphis fatally shoot man during pursuit, police say

Tennessee National Guard members assigned by the Trump administration to a crime-fighting patrol in Memphis fatally shot a man who authorities say turned toward the soldiers with a gun during a downtown pursuit

South Korea starts 24-hour trading of dollar-won

South Korea launched its historic 24-hour onshore spot dollar-won trading system on Monday as part of efforts to broaden currency convertibility as it aims to win an upgrade

Record wave of IPO lock-up shares to hit Hong Kong market

Shares in some of Hong Kong's hottest new listings are set to hit the market this week in an unprecedented wave of lock-up expirations, which brokers say could create an

UK tightens rules on overseas political donations to stop 'dodgy funding'

Britain tightened its rules on overseas political donations on Monday, as part of efforts to stop foreign money influencing elections, and as concerns swirl around what

Samsung likely to post 18-fold jump in profit on surging AI demand for memory

Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as

Canada to announce submarine contract winner on Monday, Globe and Mail says

Canadian Prime Minister Mark Carney will announce on Monday the preferred bidder in a contract to build 12 submarines for Canada's navy, the Globe and Mail reported on

UK budget airline easyJet ready to accept $7.3 billion takeover bid from Castlelake

British budget airline easyJet has agreed in principle to a sweetened takeover bid from U.S. investment firm Castlelake that values the carrier at up to £5.5 billion ($7.34 billion)

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month

UK's Farage referred to standards watchdog after new report of undeclared benefits

The leader of Britain's anti-immigration Reform UK party Nigel Farage was referred to parliament's standards watchdog on Sunday after a report that he failed to declare some

1 killed in attack on Crimea as Putin and Zelenskyy hold separate Trump calls

A Ukrainian attack on Russian-occupied Crimea has killed one person, according to Moscow-installed officials

New World screwworm is disgusting. How could it not be a food safety issue?

New World screwworm is disgusting. How could it not be a food safety issue?

OPEC+ approves further oil output increase as Hormuz exports start to recover

OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to

Putin and Trump held ‘businesslike’ 90-minute July 4 call, Moscow says

Putin and Trump held ‘businesslike’ 90-minute July 4 call, Moscow says

Foxconn second-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat market forecasts on strong demand

Uber pauses Europe food delivery expansion as it pursues Delivery Hero deal, FT reports

Uber has paused the majority of its planned food delivery expansion in Europe just months after announcing the plans as the ride-sharing company continues to pursue a takeover of

Soccer-Mexicans balance World Cup joy with worries over domestic issues

Multiple big screens adorn Mexico City's Paseo de Reforma in preparation for Sunday's World Cup last-16

Justice Department says Adani case should end because of foreign jurisdiction, small chance of success 

The Justice Department said on Saturday it wants to drop charges against Indian billionaire Gautam Adani because the case is primarily foreign, hard to

Searing heat and storms mar holiday with 3 children dead in Wisconsin and utility outages widespread

Authorities say a weather-related tragedy in Geneva Lake, Wisconsin, left three children dead even though they were wearing life jackets

Small businesses say they're having a good summer as Americans travel closer to home

Small business owners in U.S. tourist destinations say they’re seeing more Americans sticking closer to home this summer

Jet fuel prices are dropping but airfares aren’t. Here are 10 reasons to stay home in the US

Jet fuel prices are dropping but airfares aren’t. Here are 10 reasons to stay home in the US

Trump posts new image of $100 bill with his signature

Trump posts new image of $100 bill with his signature

Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia

Ukrainian drones have struck an oil terminal in St. Petersburg as Kyiv ramps up bombardment of Russia’s oil infrastructure

Trump Accounts to debut as US kicks off 250th Independence Day celebrations

After months of fanfare, President Donald Trump's administration will launch its flagship cradle-to-adulthood investment program, Trump Accounts, on Saturday, as the

For one small business, AI was key to a quick start and expansion

Here Now Health isn't an AI-based company, but its quick path from an idea in founder Michelle Turner's mind to an operating mental health platform

UK's Next plans takeover bid for Harvey Nichols, Sky News reports

British clothing retailer Next is preparing to launch a takeover bid for luxury department store chain Harvey Nichols, Sky News reported on Saturday. 

Continental to sell ContiTech unit to Lone Star Funds for $4.6 billion

Continental said on Saturday it had signed an agreement to sell its ContiTech plastics and rubber business to private equity firm Lone Star Funds for €4 billion ($4.57 billion),

Outgoing UK PM Starmer says successor cannot spend less time on foreign affairs

Outgoing Prime Minister Keir Starmer said whoever succeeds him would have to devote as much time to international crises and diplomacy as he did, rejecting suggestions

SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports

SK Hynix is considering paying about 0.5% of the proceeds from its U.S. listing  to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the

Khamenei lies in state in Tehran as Iran begins week of funeral ceremonies

The body of Ayatollah Ali Khamenei lay in state in a vast hall in Tehran on Friday as clerics, officials, foreign dignitaries and other

Eastern US power grid operator orders emergency curbs as electricity use nears record

U.S. power grid operator PJM, the nation's largest covering much of the East Coast and Midwest, on Friday ordered customers in emergency electricity-reduction

Fallout from Venezuela's earthquakes turns political as opposition leader Machado seeks return

The fallout from Venezuela’s powerful twin quakes has evolved into a major test for acting President Delcy Rodríguez, sending her scrambling to prevent the humanitarian disaster from becoming a political one in the face of fierce public criticism and efforts by the Venezuelan opposition leader to return from exile

Conservative candidate Keiko Fujimori wins Peru’s presidential election in a runoff

Conservative politician Keiko Fujimori has been declared the winner of Peru's presidential runoff election

Keiko Fujimori declared winner of Peru presidential race

After weeks of protests, fraud accusations and review of contested ballots in a razor-thin race, conservative Keiko Fujimori was

Putin shrugs off fuel shortages in Russia as he ramps up attacks on Ukraine

President Vladimir Putin remains unfazed by Ukraine's attacks on Russian oil refineries, despite severe fuel shortages

Oil prices little changed as US-Iran peace efforts hold

Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace

Oil prices little changed as US-Iran peace efforts hold

Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure peace

JPMorgan says weaker demand may cap gold gains near-term, sees rebound in late 2026 and 2027

JPMorgan said on Thursday that softer buying from key demand sectors and gold's renewed sensitivity to real yields

China's Chery takes over former Nissan car factory in South Africa

China's Chery formally took over Nissan's car manufacturing plant in Rosslyn on Friday under a deal that was announced in January, and executives

Mamdani marks July 4 with a pro-immigration speech, ripping Trump’s policies without using his name

Mamdani marks July 4 with a pro-immigration speech, ripping Trump’s policies without using his name

Fiserv, service station operators including BP warn US stores on illegal vapes 

Payments platform Fiserv and service station operators including BP have warned their U.S. partners and store owners not to deal in illegal vapes or risk

Colombia's Petro discusses anti-drug efforts, sanctions list with Trump

Outgoing Colombian President Gustavo Petro and U.S.

Pope Leo praises US history of welcoming immigrants at 250th anniversary

Pope Leo praised the United States' history of welcoming immigrants in his first major address to his home country on Friday, urging in a video

A California farmer is giving away tons of nectarines that he's not allowed to sell

A California farmer has been giving away free nectarines this week amid a legal dispute with a food market and distributing company claiming exclusive rights over the variety of white nectarine he grows

Tesla rolls out robotaxi service in Miami

Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.

Americans hit the roads for July 4 despite high gasoline prices

Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels.

Better growth won't help European stocks, BofA says

(Adds new blog post) Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.

US equity funds draw inflows as tech buying resumes

U.S. equity funds saw renewed inflows in the week to July 1 as easing U.S.-Iran tensions and renewed demand for technology stocks lifted sentiment, though caution ahead of a closely

In riposte to Trump, Merz says Germany can defend its military spending push

Germany does not have to shy away from talking up its record on defence spending, Chancellor Friedrich Merz said on Friday, when

Global stocks head for best week since May; US jobs data shifts rate outlook

Global stocks headed towards their best weekly performance in two months on Friday after a lukewarm U.S. jobs report dampened

EU Commission proposes five major cross-border defence projects

The European Commission on Friday proposed five large-scale cross-border defence projects, opening the way for them to access EU funds.

Armenia passes law restricting voting rights for citizens living abroad

Armenia's parliament passed a law on Friday that raises the bar for citizens based abroad to be able to come home and vote, following reported efforts by Moscow

Gulf oil exports jump in June on record UAE flows

Gulf oil exports in June jumped more than 3 million barrels from May to exceed 10 million barrels per day as the U.S.

Why is premium gas so expensive? More Americans are filling their cars with it

Why is premium gas so expensive? More Americans are filling their cars with it

'That's always a concern': Sheriff comments on eastern NC jail takeover

'That's always a concern': Sheriff comments on eastern NC jail takeover

Tribes hope Farm Bill can feed more people and preserve Indigenous culture

Dawn and Cassius Spears would like to expand their farm’s reach beyond their farm stand, but it’s challenging

Iran prepares for dayslong funeral for late Supreme Leader Ayatollah Ali Khamenei, killed in war

Iran is preparing for the dayslong funeral of the late Supreme Leader Ayatollah Ali Khamenei

Argentina's plan for AI-run companies can't avoid humans

Argentine President Javier Milei generated both excitement and fear last month when he announced a congressional bill to create “non-

As America turns 250, museums and parks fight to preserve the country’s troubled history 

A few minutes' walk from Philadelphia's Independence Hall, where the nation's founding ideals were debated and declared, another part of the

Analysts cut Canadian dollar forecasts as USMCA uncertainty clips rate hike chances: Reuters poll

Canada's dollar will strengthen less than previously expected over the coming year as uncertain negotiations to revise the U.S.-Mexico-Canada Agreement (

US oil companies see big profit jump, gird for clash over pump prices with Trump

U.S. oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has

Investors look for Fed clues, earnings signs as tech wobbles 

Investors in the coming week will seek clues about the likelihood of impending interest-rate hikes and early signs of a pivotal earnings season as they

Blackstone, CVC and MUFG among bidders for stake in Vietnam's MoMo, sources say

Blackstone, CVC Capital Partners and Japan's MUFG are among bidders for a stake in Vietnamese fintech firm MoMo as it presses

Dollar set for biggest weekly drop since April after jobs data lowers Fed hike bets

The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after Thursday's tepid U.S. jobs report cooled market

Cossacks guard petrol stations in Russian resort as anger grows over fuel shortages

Cossacks have been called in to keep order at petrol stations in a Russian holiday resort as authorities face growing anger over nationwide fuel shortages

Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say

Iran has begun talks with Japanese companies under a U.S. sanctions waiver allowing it to resume oil sales, though prospective

Chinese regulator proposes changes to refinancing rules for listed companies

The China Securities Regulatory Commission (CSRC) on Friday proposed changes to rules for refinancing by listed companies, releasing draft revisions it said would help

Tesla sales soar 25% in sign its troubles may be easing

Tesla sales soar 25% in sign its troubles may be easing

Toronto home sales rise in June for fourth straight month

Greater Toronto Area home sales rose in June for a fourth straight month and prices increased, continuing the market's recovery following a slow start to

Warsh and peace

The data releases are thinning out, earnings season hasn't kicked off yet and there are no big rate decisions looming, but a high-stakes NATO meeting, a glimpse into Kevin Warsh's

Trump to visit Mount Rushmore to mark U.S. 250th celebrations

President Donald Trump on Friday travels to Mount Rushmore, the granite mountain in South Dakota where the heads of four American presidents are carved,

Global equity fund inflows rise as investors add tech stocks after market dip 

Inflows into global equity funds rose in the week to July 1, as investors took advantage of a pullback in major markets to add technology stocks, betting that the sector’s earnings

Goldman dominates first-half M&A as dealmaking surges in EMEA

Goldman Sachs increased its share of mergers and acquisitions advisory work involving Europe, the Middle East and Africa in the first half of 2026,

Some federal employees bristle at America’s 250th birthday festivities after year of agonizing government overhaul

Some federal employees bristle at America’s 250th birthday festivities after year of agonizing government overhaul

Kenya private sector activity picks up in June, PMI shows

Kenya's private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.

French services sector contracted in June by more than forecast, PMI shows

France's services sector contracted in June by more than initially forecast, as sluggish demand and inflationary pressures weighed on businesses, said a survey by S&P Global.

Italy service sector returns to growth as cost pressures ease, PMI shows

Business in Italy's service sector grew marginally in June after three months of contraction, a survey showed on Friday, as cost pressures eased amid signs of de-escalation in

Europe's STOXX 600 clocks best week in over a month as rally broadens

Europe's benchmark STOXX 600 hit an intraday record high on Friday and logged its biggest weekly jump in over a month, underpinned by gains in

Euro zone services sector contraction eased in June as inflation cooled sharply, PMI shows

The euro zone services industry contracted at a slower pace in June as cost pressures fell at the sharpest rate on record outside of pandemic-era lockdowns, helping to

Japan keeps yen intervention threat alive, says in close touch with US

Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama said Tokyo was in regular contact with

Germany services contraction eases in June as cost pressures cool, PMI shows

Germany's services sector contracted for a third straight month in June as weaker demand, dragged down by higher prices and lower market confidence,

Britain's services sector contracts sharply under strain of Iran war, PMI shows

Activity in Britain's dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran war continued to

Japan wage hikes top 5% for third year, backing BOJ rate-hike path

Japanese companies agreed to wage hikes of more than 5% for a third year, the nation's largest labour union group said on Friday,

World shares are mixed after Dow hits a new record, as some AI shares bounce back

Shares are mixed in Europe after a rally in Asia following the Dow Jones Industrial Average's latest record

EU trade with US hits record high despite tariff tensions, study shows

Trade in goods between the European Union and the U.S. reached a record €875 billion ($1.00 trillion) last year despite tariffs, but the

Russia's services downturn deepens as new business falls at fastest pace since December 2022, PMI shows

Russia's services sector contracted further in June as weaker client demand drove steeper falls in output and new orders, a business survey showed on Friday.

ECB's Lagarde won't rule out early departure

European Central Bank President Christine Lagarde said it was still possible she could leave before her term ends in late 2027 to weigh in on French politics, but running

What are the key challenges facing NATO?

NATO leaders gathering for a summit in Ankara on July 7-8 will discuss a host of challenges facing the alliance, from Europe taking on more responsibility

South Africa private sector returns to growth as inflation eases, PMI shows

South Africa's private sector returned to marginal growth in June as easing price pressures helped offset a second straight monthly decline in output and new orders, a

Spain services growth hits 2026 high in June, PMI shows

Spain's services sector expanded at its strongest pace this year in June as activity and new business rebounded on stronger domestic demand, a business survey showed on

India's June services growth slips to 17-month low as demand, hiring cool, PMI shows

India's dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply and overall new business grew at its slowest rate

Australia clears Sportsbet after anti-money laundering remediation

Australia's financial crime watchdog said on Friday that online betting firm Sportsbet had completed required improvements to its anti-money laundering controls after it admitted

The far-right Alternative for Germany is buoyant as it eyes a slice of power in regional elections

The far-right Alternative for Germany is in a buoyant mood as it holds a convention this weekend

US envoy says Cook Islands minerals are a top priority

The new U.S. ambassador to New Zealand and several Pacific island nations said on Friday that securing Cook Islands seabed minerals was a top priority,

BHP workers approve Pilbara labour deal, unions cite lingering concerns

Workers at BHP's South Flank and Mining Area C iron ore operations in Western Australia have voted to approve a new labour agreement, unions said on Friday, while noting that many

Stocks shake it off

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global equities are heading for their best week since early May as renewed signs of expansion in Asian activity gauges

Venezuela's interim leader angrily defends earthquake response

Venezuela's acting President Delcy Rodríguez has defended her government's response to last week's devastating earthquakes

Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims

The U.S. Justice Department and 17 states have reached settlement agreements with three major egg producers over allegations of that the companies illegally colluded in a multiyear scheme to raises prices

Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'

Iran’s joint military command has warned that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a “forceful response.”

India's Modi to visit Indonesia, Australia and New Zealand next week

Indian Prime Minister Narendra Modi will visit Indonesia, Australia and New Zealand next week, the Indian Foreign Ministry said on Friday, as New Delhi seeks to

China's June services activity slows slightly, private PMI shows

China's services activity expanded at a slightly slower pace in June as growth in new business eased, though overseas demand rose at the fastest rate in 20 months, a

Canada advances Alberta pipeline to Pacific Coast to expand oil exports beyond the US

Canada moved to advance a Pacific Coast pipeline from Alberta as Prime Minister Mark Carney seeks to diversify oil exports beyond the United States while easing separatist tensions and preserving environmental protections on British Columbia’s northern coast

Carney and Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade

Canadian Prime Minister Mark Carney welcomed Philippine President Ferdinand Marcos Jr. to Canada for the first visit by a Philippine leader in more than a decade as the two countries deepen economic and security ties

Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback

Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins

Brazil implements new regulations for meat exports to EU, Globo Rural reports

Brazil's Agriculture Ministry has started to implement new inspection procedures on the production of meat and meat derivatives to address trade requirements from the

Japan's services activity returns to growth in June, PMI shows

Japan's services sector returned to expansion in June after stalling the previous month, though business confidence remained subdued amid concerns over Middle East tensions

Flavio Bolsonaro proposes keeping Brazil's Pix away from non-Western payment networks

Senator Flavio Bolsonaro, President Luiz Inacio Lula da Silva's main rival ahead of Brazil's October presidential election, has proposed barring the

Consumer confidence in New Zealand rebounds as inflation outlook softens

Consumer confidence in New Zealand rose in June as two-year inflation expectations eased, returning nearer to January levels before the oil price spike, ANZ-Roy Morgan data

Blackstone's QTS terminates Digital Gateway data center project in Virginia

Blackstone's QTS said on Thursday it had terminated its planned Digital Gateway data center project in Virginia and withdrawn the associated filings after years of planning and

Chinese copper foil maker Londian Wason New Energy Tech files for US IPO

Chinese copper foil maker Londian Wason New Energy Tech filed for an initial public offering in the United States on Thursday, seeking to capitalize on growing

Moody's expects Fujimori's government in Peru to boost investor confidence

Ratings agency Moody's expects Peru's President-elect Keiko Fujimori to bolster investor confidence and preserve policy continuity, helping the Andean nation sustain growth

How Trump made more than $1 billion on crypto when most of his coin’s investors lost money

How Trump made more than $1 billion on crypto when most of his coin’s investors lost money

Energy Dept. directs data centers to use backup generators during heat wave, freeing up power for AC

Energy Dept. directs data centers to use backup generators during heat wave, freeing up power for AC

The Latest: Trump plans new rule that he says could save Medicare patients $1.1 billion

The Trump administration is proposing a new rule to keep hospitals from charging markups on discounted drugs for Medicare patients and says that could save consumers $1.1 billion next year, according to estimates obtained by the AP

JPMorgan cannot stop paying Charlie Javice's legal bills, Delaware judge rules

A Delaware judge on Thursday said JPMorgan Chase must continue paying the legal bills of Charlie Javice, the former finance executive convicted of defrauding the

Trump Jr.'s 'Amazon of guns' could make millions under new proposed firearm rule

Donald Trump Jr. helped take an online retailer known as the “Amazon of guns” public last year.

Cooling US jobs data buys the Fed and stock market more time

A tepid June jobs report offers relief for U.S. equities just as investors had begun to worry that excessive labor market strength

Google disrupts NetNut proxy network used in malware operations

Alphabet's Google said on Thursday it weakened a network of internet-connected devices being used to conceal and route malicious online traffic, acting against the NetNut

Lockheed Martin leads race for Advent's Ultra Maritime in $3.5 billion deal, FT reports

Lockheed Martin is leading the race to acquire Ultra Maritime, owned by private-equity firm Advent International, in a deal that could value the naval defence business at about $3.5

Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares

The Dow rose more than 1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. jobs

Trading Day: Chips are down, and so are payrolls

Wall Street was mixed on Thursday as weakness in semiconductors weighed on the Nasdaq, while the dollar dropped after a soft employment report eased rate-

Peter Thiel in Aspen: The pope is ‘working for the Chinese Communists’

Peter Thiel in Aspen: The pope is ‘working for the Chinese Communists’

Exclusive: Trump administration plans to boost worksite immigration enforcement after increase in criminal probes

Exclusive: Trump administration plans to boost worksite immigration enforcement after increase in criminal probes

The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed

Most U.S. stocks rose, and the Dow Jones Industrial Average set another record, but more drops for chip stocks and other AI winners kept indexes mixed

Morgan Stanley, Goldman Sachs to match $1,000 contributions to Trump accounts opened for employees' children

Morgan Stanley and Goldman Sachs announced on Thursday they are matching $1,000 contributions to Trump accounts opened for their eligible employees' children.

Dollar slides after jobs data, chipmakers weigh on stocks

A gauge of stocks across the world ended little changed on Thursday as declining semiconductor shares were offset by optimism over the future path of

Tesla launches six-seater Model Y L in US to boost sales

Tesla on Thursday launched a six-seater long wheelbase version of its best-selling Model Y SUV in the U.S., aiming to boost sales of its electric vehicles after the removal of a key

'Trump accounts' for youth will accept stock donations, US officials say

Individuals and corporations will be able to donate shares of stock to “Trump accounts,” the government-backed newborn investment accounts created as

'They left me no other option': Reedley farmer gives 125,000+ pounds of nectarines away amid lawsuit

'They left me no other option': Reedley farmer gives 125,000+ pounds of nectarines away amid lawsuit

Pokémon cards worth $25,000 stolen from arcade part of growing trend

Pokémon cards worth $25,000 stolen from arcade part of growing trend

Democrats accuse Trump-linked fundraisers of fraud over diverted donations for America's anniversary

House Democrats allege consultants tied to President Donald Trump may have engaged in financial fraud related to the nation's 250th anniversary celebrations

Man pulled from rubble in ‘miraculous’ rescue 8 days after devastating Venezuela earthquakes

Man pulled from rubble in ‘miraculous’ rescue 8 days after devastating Venezuela earthquakes

Trump administration aims to cut regulations on US commercial fishing

The Trump administration moved to slash commercial fishing regulations from coast to coast on Thursday, including reopening New England waters to scallop

Oil gains on short-covering buys ahead of US holiday

Oil prices made small gains on Thursday as buyers sought to assure supply over the long U.S. Independence Day weekend.

From train tracks to highways, how Indiana became the "Crossroads of America"

From train tracks to highways, how Indiana became the "Crossroads of America"

Europe targets shadow fleet tankers falsely using Cameroon flag, sources say

Europe is taking tougher action against tankers falsely using Cameroon's flag registry to transport Russian oil, including boarding

Weak jobs, declining labor force, could renew Fed debate over state of labor market

A weaker-than-expected jobs report could renew debate at the U.S.

Tesla quarterly deliveries set record; European recovery raises hopes of annual growth

Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding

Iran prepares to bury slain supreme leader with week of mass mourning

Iran's ruling clerics are preparing days of mass funeral rites for Ayatollah Ali Khamenei

Sandwich chain Jersey Mike's looks to public markets with US IPO filing

Sandwich chain Jersey Mike's has filed for a U.S. initial public offering, pushing ahead with its plans to go public amid renewed enthusiasm for new listings.

NHL free agency spills into Day 2 with Patrick Kane still available; Ovechkin returns to Capitals

NHL free agency has some big names still available, including Patrick Kane and Vladimir Tarasenko

Families of 7 killed in Esparto fireworks explosion hold vigil one year later, continue push for justice

Families of 7 killed in Esparto fireworks explosion hold vigil one year later, continue push for justice

Canada aims to announce 10 countries backing global defence bank at NATO summit

Canada is aiming to announce around 10 founding nations for a global defence bank at next week's NATO summit in Turkey

Trump administration and Anthropic have not discussed the government taking a stake in it, source says

The Trump administration and AI giant Anthropic have not discussed the government taking stakes in the firm, a source familiar with

USDA reports unusually large US beef export sales, raising doubts over data

With U.S. beef prices soaring and supplies tight, the U.S.

A waterless AI data center? A big experiment is under way in rural Utah

A waterless AI data center? A big experiment is under way in rural Utah

A grim job outlook meets a scrappy workforce as administrative assistants harness AI

Employment data offers a grim outlook for secretaries and administrative assistants in the age of artificial intelligence, but workers in the women-dominated occupation say the numbers don’t tell the whole story

Why New Jersey’s balcony solar bill is a huge deal for renters

Why New Jersey’s balcony solar bill is a huge deal for renters

Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks

The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers

Man's $10,000 Social Security debt from 30 years ago, when his dad died, is waived on Father's Day

Man's $10,000 Social Security debt from 30 years ago, when his dad died, is waived on Father's Day

US employers still reluctant to add many jobs as hiring slows in June

U.S. employers pulled back on hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook

Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind it

Tesla car sales jumped over the past three months in a possible sign the worst of the boycotts against the automaker and lost market share to rivals are behind it

Russian fuel crisis prompts rush for Chinese electric cars

A Moscow car dealership is struggling to keep up with demand for new electric vehicles from China as drivers look to sidestep a

Once a source of national pride, Cuba's healthcare system declines as energy shortages deepen crisis

Irisleydis Tristá, a cancer patient in Cuba, has been unable to get a crucial CT scan for seven months because the machine at Havana’s leading hospital is broken

Heat adds to strains on areas with data centers, raising the temperature on AI debates

Extreme heat like the weather sweeping the eastern U.S. drives up energy demands for data centers, adding to their strain on power grids and worsening air quality for surrounding areas

Colombia president-elect seeks public debt refinancing

Colombia's President-elect Abelardo De La Espriella said on Thursday he has instructed incoming Finance Minister Miguel Gomez to travel to Washington to meet international

Bank of England's Mann suggests reduced rate hike bets boost case for action

Bank of England policymaker Catherine Mann said on Thursday that a reduction in markets' expectations for BoE rate increases since June's Monetary Policy

Canadian factory PMI edges higher despite war-linked supply disruptions

Canada's manufacturing sector expanded further in June as production and employment rose, but not all was positive for the sector as intensifying supply

Instant View: Job growth falls short of expectations in June

U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to continued labor

EU determined to resolve standoff over Bosnia envoy, Kallas says

The EU is determined to find a strong candidate for the post of international peace envoy for Bosnia and Herzegovina, EU foreign chief Kaja Kallas said on Thursday, to

Fed seen less likely to raise rates as job growth slows

Federal Reserve policymakers have less reason to deliver an interest-rate hike later this month, traders bet on Thursday, after a government report showed the U.S. economy added far

Trump-backed organizer of America’s 250th birthday events may have duped donors, report from House Democrats alleges

Trump-backed organizer of America’s 250th birthday events may have duped donors, report from House Democrats alleges

Microsoft launches firm to help companies adopt AI with $2.5 billion

Microsoft said on Thursday it is creating a new company that will help customers select AI technologies that work for their businesses and generate

Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates

Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance chief, the latest leadership change at the struggling electric-

Northern Nigeria hunger reaches worst levels in nearly a decade, WFP says

More than 17 million people across nine conflict-hit states in northern Nigeria face severe hunger, the U.N. food agency said on Thursday, warning that violence and funding

Merz's reforms have potential - eventually - to boost German growth

A late-night deal agreed by Chancellor Friedrich Merz's ruling coalition on a long-awaited package of reforms has the potential to give Germany's anaemic

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar 

Rivian Automotive raised its annual delivery forecast on Thursday, betting on strong demand for its R1 models and electric delivery vans as well as its cheaper new R2 SUVs, sending

Fed's Daly says US policy 'slightly restrictive,' next step uncertain

San Francisco Federal Reserve President Mary Daly said on Thursday that U.S. monetary policy is "slightly restrictive" but that with "exceedingly strong" investment

Wall St opens higher after June jobs report eases rate-hike bets

Wall Street's main indexes opened higher on Thursday after a softer-than-expected employment report for June tempered expectations for interest-rate hikes by the Federal Reserve.

Blue Owl keeps withdrawal cap as redemption requests remain elevated

Blue Owl Capital maintained a 5% quarterly withdrawal limit for two of its private credit funds as redemption requests remained substantially

Dollar slides after soft jobs report, yen surges

The dollar fell sharply on Thursday after the closely watched June employment report showed U.S. employers added far fewer

US factory orders fall in May, weighed down by weak demand for commercial aircraft

New orders for U.S. factory goods fell in May amid a decline in bookings for commercial aircraft, but demand elsewhere remained strong, partly driven by investment in

Albanian police use tear gas and pepper spray as Tirana protest turns violent

Albanian police clashed with protesters in Tirana during a demonstration against government corruption and a luxury development linked to Jared Kushner, son-in-law of U.S. President Donald Trump

OpenAI in talks to give Trump administration a 5% stake in the company, FT reports

OpenAI in talks to give Trump administration a 5% stake in the company, FT reports

Goal of higher voter turnout remains elusive in California as changes have extended ballot counting

California has enacted many changes over the years that were intended to boost voter turnout

Spain's amnesty drive brings 600,000 migrants into formal economy during application review

Some 609,737 of the 1.17 million migrants in Spain who applied for legal status in its recent amnesty drive have obtained temporary work permits, government officials said

Tesla's China-made EV sales rise 24.4% year on year in June

Tesla's China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.

OpenAI proposes handing Trump administration a 5% stake, FT reports

OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times reported on Thursday, as AI firms face scrutiny in Washington over the likely misuse of advanced

World Cup, 250th anniversary to help drive up July 4 travel even as high fuel prices bite

The number of Americans expected to travel into the weekend as the U.S. marks its 250th anniversary is expected to rise modestly this year,

US stock futures extend gains after June non-farm payrolls data

U.S. stock index futures extended gains on Thursday after a weaker-than-expected jobs report tempered expectations for interest rate hikes by the Federal Reserve this year.

US job growth misses expectations in June; unemployment rate falls to 4.2%

U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to

European regulators step up scrutiny of Big Tech

European regulators have launched a series of antitrust, privacy and online safety investigations into major technology companies in recent years.

Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugs

The Trump administration is proposing a new rule to keep hospitals from marking up discounted drugs for Medicare patients

U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels

U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels

Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court have dismissed Google's appeal against a 4.1 billion euro antitrust fine

Trump administration’s $46 billion 'smart wall' races ahead on the US-Mexico border

The United States is rapidly building what it calls a “smart wall” on the Mexico border, combining tall steel fencing with advanced technology like sensors and cameras

Verisk estimates over $10 billion in economic losses from Venezuela earthquake

Catastrophe and risk modeling firm Verisk said on Thursday it expects economic losses from the Venezuelan earthquake to exceed $10 billion.

Europe growth hit more by China exports than bigger trade gap, Goldman says

The bigger drag on European Union growth is losing market share to China rather than a widening trade deficit with the Asian country, Goldman Sachs

In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing

Inside a cavernous aircraft hangar in the Mojave Desert, JetZero is building a full-size demonstrator of what could be a 200-plus-seat jet, a

EU tells Armenia 'you can count on us' as Russia keeps up economic pressure

The European Union pledged an additional €18 million in economic support for Armenia on Thursday and liberalised some export rules for its goods as Brussels seeks to shore up

Britain's Paramount-Warner review may be aimed at commitments, not a veto

Britain's threat to intervene in the $110 billion Paramount-Warner deal could be less about blocking the transaction than extracting commitments on UK news,

Churning chips

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The U.S. jobs report will clearly dominate the day ahead for markets,

Bayer fuels break-up talk as Roundup placed in separate business

Bayer said on Thursday it was consolidating its U.S.

Hungary to launch $128 million school-start benefit scheme

Hungary will launch a means-tested school-start benefit program at a cost of 40 billion forints ($128.41 million) per year, Prime Minister Peter Magyar said on Thursday,

US Supreme Court supercharges its 'shadow docket,' dividing the justices

When the U.S.

Progressive surge complicates Democrats’ midterms focus on prices

Democrats head into November’s midterm elections with potential advantages, including the

Trump biofuel goals hit reality as US plants lag

President Donald Trump's effort to boost production of bio-based diesel and deliver on promises to farmers and rural communities is

US beef prices stay red-hot for summer cookouts

U.S. grill masters and home chefs face sizzling beef prices for summer cookouts as drought and wildfires have discouraged ranchers from expanding cattle

Amazon vows action against India delivery partner after fire probe concludes

Amazon said on Thursday it will take "appropriate action" against a third-party delivery partner in India once a police investigation into a fire that

UK-US pharma deal could lead to nearly 230,000 unnecessary deaths in England, analysis says

UK-US pharma deal could lead to nearly 230,000 unnecessary deaths in England, analysis says

With 556 police officers patrolling a country half the size of Central Park, everyone thought Monaco was safe

With 556 police officers patrolling a country half the size of Central Park, everyone thought Monaco was safe

FACT FOCUS: Iran claims a foreign ship got stuck in Strait of Hormuz. But it is tied to Tehran

Iranian state television claimed this week that a foreign ship got stuck in the Strait of Hormuz after ignoring instructions to use a route laid out by the Islamic Republic’s paramilitary Revolutionary Guard

Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules

German Chancellor Friedrich Merz and his coalition partners have introduced a reform package to revive Germany’s sluggish economy

Trump’s ‘big beautiful bill’ is driving aspiring doctors to reconsider their careers

Trump’s ‘big beautiful bill’ is driving aspiring doctors to reconsider their careers

Argentina seen managing 2027 debt wall but political risk is key

Argentina faces a foreign-currency debt test in 2027, the year President Javier Milei is expected to seek re-election, but investors are increasingly

UK business morale slumps as Iran war pushes up costs, survey shows

British business confidence fell to its lowest since 2022 as the Iran war, which pushed up costs, saps expectations for future sales, a survey of accountants showed on

Europeans fill most gaps left by US in NATO defence plans, top commander says

European NATO allies have largely filled the gaps left by the United States in the alliance's defence plans, NATO's top commander said on Thursday, adding

Under-fire German ruling coalition unveils reform package to boost economy

German Chancellor Friedrich Merz's coalition unveiled a package of reforms on Thursday, including tax relief for lower-income families

European shares close at record high after softer US jobs data calms rate hike fears

European shares edged higher on Thursday as gains across sectors countered a slide in AI-related stocks, while investors

India, Japan sign pacts on AI, metals and energy after Modi-Takaichi talks

India and Japan agreed on Thursday to boost cooperation in artificial intelligence, metals, energy and defence as well as prepare a joint roadmap for economic security,

Ukraine withholding promised drone technology as historical tensions rise, Polish minister says

Ukraine has failed to deliver promised drone technology despite Poland's military support and willingness to transfer MiG-29 fighter jets, Polish Defence Minister Wladyslaw

Kyrgyzstan asks neighbours for help with fuel supplies as Russian shortages bite

Kyrgyzstan asked Kazakhstan, Belarus, Azerbaijan, Uzbekistan and Turkmenistan to help ensure stable fuel supplies late on Wednesday, amid concerns

Italy jobless rate at record low of 5% in May, but 22,000 jobs lost

Italy's unemployment rate fell slightly to 5.0% in May but a net 22,000 jobs were lost during the month, with the fall in the jobless rate due to people no longer looking for

EU to provide 200 million euros to boost South Caucasus connectivity, von der Leyen says

The European Union will provide up to €200 million ($228 million) in grant funding to boost transport, energy and digital links across the South

Japan's yen jumps, with traders twitchy about intervention risk

The yen jumped suddenly against the dollar on Thursday, with traders alert to the prospect of intervention from Japan to prop up its

In Sintra, world's central bankers find ally in new Fed chief

Central bank officials from around the world believe they may have found a new ally in Federal Reserve Chair Kevin Warsh,

Chinese and US risks mean EU chip sector faces a 'bleak future,' report says

Chinese export controls, technological dependence on the U.S. and the structural weakness of Europe's chip industry mean it faces a "bleak future" unless

US resumes dollar transfers to Iraq, NYT reports

The United States has resumed some air shipments of U.S. dollars to Iraq, several months after suspending them, the New York Times reported on Thursday, citing two aides to Iraq's

Samsung Group details plans to invest $90 billion in South Korea's central region

Samsung Group detailed plans on Thursday to invest 140 trillion won ($90 billion) for production of display panels, batteries, chips and chip materials in the central

Russian fuel frustration rises as crisis bites

In Russia's grain belt, farmers fret they will be unable to harvest their crops as a fuel crisis sparked by Ukraine's drone attacks on oil refineries and

Japan government panel member calls for moderate BOJ rate hikes

The Bank of Japan should continue to raise interest rates at a moderate pace to rectify excessive yen declines, Toshihiro Nagahama, a government panel member

US House committee says South Korea discriminated against Coupang

South Korean authorities have consistently discriminated against U.S.-based Coupang, a campaign that escalated with numerous investigations

South Korea's currency chief says in talks with Japan, allies

South Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and

New Jersey is set to charge companies with workers on Medicaid. Other states may follow

New Jersey is set to charge companies whose workers have Medicaid health coverage

Shares pull back as markets await likely payrolls beat

A look at the day ahead in European and global markets from Stella Qiu Global shares are pulling back after a bumper quarter.

Australia seeks to rein in defence spending blowouts, delays

Australia announced changes on Thursday to the way it manages the delivery of defence projects, aiming to curb billions of dollars in cost overruns and lengthy delays.

US job growth likely cooled in June after recent string of big gains

U.S. job growth likely slowed to a still-solid clip in June, with the unemployment rate expected to hold steady at 4.3% for a fourth straight month,

French far right ponders life beyond Le Pen as appeal ruling looms

French far-right leader Marine Le Pen faces a make-or-break court ruling on July 7 on her bid to overturn an election ban, a verdict that

SoftBank's LY, Bain raise Kakaku bid again with $4.1 billion valuation

SoftBank's LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and

Net-zero champion Europe snared by climate change on its doorstep

The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global

US life expectancy on track to reach record high as death rate falls to record low in 2025

US life expectancy on track to reach record high as death rate falls to record low in 2025

Japan shifts to ambush intervention tactics against yen short sellers, sources say

Japanese officials are abandoning their habit of telegraphing intervention risks, instead signalling a more targeted

Toronto Maple Leafs land prized free agent, signing goalie Sergei Bobrovsky to 3-year, $21M deal

Two-time Stanley Cup-winning goalie Sergei Bobrovsky signed a three-year, $21 million contract with the Maple Leafs

US in talks with AI companies for voluntary model standards, FT reports

The U.S. government is in advanced talks with AI companies to create voluntary standards for the release of new models, with an announcement possible as soon as next week, the

Australia trade swings to $2.1 billion deficit in May, largest since 2015

Australia's balance on goods trade in May unexpectedly swung to the largest deficit in over a decade, data showed on Thursday, as exports of gold and iron ore fell sharply.

Young survivors of Venezuela quakes run shelters as search drags on

The command center hums with activity as radios crackle to life, medical staff stop in to say hello and supplies are

China restricts some Fortescue iron ore cargoes as talks drag, sources say

China's state iron ore buyer has asked some domestic steel mills not to take delivery of certain portside iron ore products from Fortescue, industry sources said, the latest

China's Inner Mongolia bets on solar and wind but coal stays close

China's Inner Mongolia is expanding both renewable energy and coal use

Soaring revenue at Mar-a-Lago shows how Trump’s business interests and politics intersect

Soaring revenue at Mar-a-Lago shows how Trump’s business interests and politics intersect

Federal audit finds Puerto Rico awaiting billions of dollars nearly a decade after deadly hurricane

Lawmakers have released a federal audit that found that only 25% of some $14 billion in federal funds obligated for Puerto Rico’s power grid after Hurricane Maria razed it almost a decade ago has reached the U.S. territory

The Japanese yen is at a 40-year low. Here’s why that matters

The Japanese yen is at a 40-year low. Here’s why that matters

US Treasury picks State Street, BlackRock and Vanguard ETFs for Trump Accounts

The U.S.

South Korea's inflation rate quickens to 2-1/2-year high

South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its

Facing drama and politics, Essence Fest looks to make a comeback

Facing drama and politics, Essence Fest looks to make a comeback

Trading Day: Stocks dip as sluggish July shuffles in

U.S. and world stocks embarked on a new month and quarter with little conviction, as tech shares in general and chip stocks in particular weighed on Wall

Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel

A federal judge on Wednesday blocked Colorado from capping the price of Amgen's blockbuster arthritis drug Enbrel, a first-of-its-kind move by a U.S. state.

Bridgewater's flagship macro fund gains 8.1% in first half amid market volatility, sources say

Bridgewater Associates' flagship Pure Alpha macro fund posted a gain of 8.1% after braving a volatile market backdrop during the first half of the year,

Trump visits newly built Theodore Roosevelt Presidential Library in North Dakota's Badlands

President Donald Trump visited the Theodore Roosevelt Presidential Library in North Dakota on Wednesday

US and Iran hold separate meetings in Qatar and agree to continue discussions

U.S. and Iranian negotiators have met separately with Qatari and Pakistani mediators and host Qatar is reporting positive progress in talks

Challengers score victories in lawsuit against Arkansas' restrictions on citizen ballot initiatives

A federal judge in Arkansas is throwing out some state laws that put extra restrictions on efforts to gather signatures for ballot initiatives

The Latest: Federal filing shows Trump took in about $1.2 billion from crypto businesses last year

A federal filing shows President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, locking in profits while his investors were socked with losses

Venezuelan medics fear earthquake aftermath will trigger widening medical crisis

With far more dead than living people taken from the rubble a week after Venezuela’s devastating twin earthquakes, doctors say the biggest dangers now facing survivors were untreated wounds and infectious diseases

US declines to extend North American trade deal, starting clock to end it while seeking changes

The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it

Soccer-Inglewood, once known for danger, uses World Cup to rebrand as a fun place

Sandra Lith came to the front of Ms.

Stocks flat as traders digest Fed comments, oil falls

A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said

Robinhood expands perpetual futures offering in Europe, plans crypto launch in UK

Robinhood said on Wednesday it plans to launch crypto trading in the UK and broadened its perpetual futures offering in Europe beyond cryptocurrencies.

Wall Street ends choppy session lower as tech shares drop

U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500

US, Iran talks conclude in Doha, focused on Strait of Hormuz

Iran and the United States concluded a round of indirect talks on Wednesday with no sign they

Nissan CEO’s US mission: shed rental-car image

Nissan CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle sales ticked higher.

Alibaba to pay $600 million to resolve US drug sales probe

Chinese ‌technology and e-commerce giant Alibaba and its U.S.-based payment processor have agreed to pay $600 million to resolve

SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say

By Echo Wang July 1 - SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI, after earlier attempts to secure a loan stalled over concerns

American Eagle names Papa John's executive Ravi Thanawala as CFO

Denim retailer American Eagle Outfitters on Wednesday named Ravi Thanawala its chief financial officer, replacing company veteran Mike Mathias, effective August 3.

Venezuelans scour collapsed buildings by hand while government machinery stands unused

Venezuelans scour collapsed buildings by hand while government machinery stands unused

Alibaba to pay $600M to settle allegations it allowed illegal drug and equipment sales

Alibaba has agreed to pay $600 million to settle a dispute with the U.S. government

Man accuses police of losing his car after an accident. It's still missing nearly a year later.

Man accuses police of losing his car after an accident. It's still missing nearly a year later.

Most US stocks rise, but drops for tech pull Wall Street lower

Most U.S. stocks rose, but drops for some influential technology companies pulled the market lower

Crypto, real estate, watches: How Trump made over $1 billion last year

The latest disclosure report listing President Donald Trump's financial holdings shows he took in about $1.2 billion last year from crypto holdings, overshadowing a real estate business that first brought him fame

Trump wants to ditch his signature trade deal. It’s not that easy

Trump wants to ditch his signature trade deal. It’s not that easy

Is the labor market turning a corner? Thursday’s jobs report will offer some key clues

Is the labor market turning a corner? Thursday’s jobs report will offer some key clues

Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut

Uber-backed Lime's shares rose 4% in its Nasdaq debut on Wednesday, signaling robust investor confidence in the e-scooter and bike

AI hopes and fears dominate global central bank meet

Seeping into just about every conversation at this week's meeting of the world's top central bankers was one big unknown:

US car sales on cruise control despite pressures

Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak backdrop for the car

Fed's Warsh says any balance sheet policy change won't be a surprise

Federal Reserve Chairman Kevin Warsh said on Wednesday that while he has not changed his mind that a large central bank balance sheet should be shrunk, any notable change in policy

Oil prices fall 1% to 4-month lows as progress in US-Iran talks cools supply concerns

Oil prices fell more than 1% on Wednesday to their lowest levels since March as optimism over U.S.-Iran talks allayed supply concerns after U.S.

US, Canada and Mexico begin bumpy negotiations to renew North American trade pact

The North American trade pact that President Donald Trump negotiated and boasted about in his first term is up for renewal

AOL, Vimeo owner Bending Spoons surges nearly 40% in US market debut

Bending Spoons shares closed nearly 40% higher in their U.S. market debut on Wednesday, as investors bought into the Italian

US Senator Warren calls for Fed watchdog review of Bowman's BofA dinner, WSJ reports

A group of Senate Democrats requested on Wednesday that the Federal Reserve’s in-house watchdog investigate a meeting by the central bank’s top bank regulator and financial market

Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%

Germany's top diplomat says EU-Mercosur deal still has issues to resolve

Germany's foreign minister, Johann Wadephul, said on Wednesday there were still "issues" to resolve before the European Union's trade agreement with

The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact

The North American trade pact that President Donald Trump negotiated and boasted about in his first term is up for renewal

Jason Miller set to join White House again — with a messaging mission

Jason Miller set to join White House again — with a messaging mission

Punishing heat wave hits eastern US, with a preview of what’s to come

Punishing heat wave hits eastern US, with a preview of what’s to come

Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Trump has sought

AOL's owner, Bending Spoons, hits Wall Street with $1.7 billion IPO

The owner of AOL and other tech businesses hit Wall Street with a $1.7 billion initial public offering Wednesday

Largest US power grid details price spikes, warns on record demand

PJM, the largest U.S. electric grid operator, on Wednesday detailed price spikes and warnings of massive transmission line congestion as it braced for

Together AI raises $800 million at $8.3 billion valuation

Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures, more than doubling the artificial intelligence startup's valuation to $8.3

Corona maker Constellation sees World Cup-fueled gatherings driving US beer demand

Constellation Brands is seeing a rebound in U.S. beer sales after a sluggish start to 2026, as a flurry of major sporting events such as the NBA Finals and

Meta names Alex Schultz first chief data officer

Meta said on Wednesday its chief marketing officer Alex Schultz will become the company's first chief data officer, to better manage AI analytics globally.

Fed's Warsh says some task force staffing to be revealed next week

By Michael S.

USDA announces $500 million in funding to expand US domestic fertilizer production

U.S. Agriculture Secretary Brooke Rollins announced $500 million in new funding on Wednesday to expand domestic fertilizer production after the Iran war drove up prices.

Fed's Warsh plans to harness better economic data within a year

Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the U.S. central bank to "

Oaktree-backed ITG jumps in Nasdaq debut, signaling strong AI infrastructure demand

ITG's shares rose 12.5% in their Nasdaq debut on Wednesday, giving the Oaktree-backed digital infrastructure company a market value of $2.18 billion, as investors

Democratic congressman asks the CFPB to investigate 'rent now, pay later' companies

A Democratic member of Congress is calling for a federal investigation into the "rent now, pay later" industry

AP's long-time Supreme Court reporter Mark Sherman reflects on front row seat to legal history

Mark Sherman has covered the Supreme Court for The Associated Press for 20 years during some of the most momentous decisions in history

Teen homicides spark community action at apartment complex; landlord says security changes on the way

Teen homicides spark community action at apartment complex; landlord says security changes on the way

Families plead for information on deported Venezuelans in hotel collapse

Relatives of Venezuelans deported from the United States say their loved ones were taken to a hotel that later collapsed during the devastating earthquakes in Venezuela. As rescue efforts continue, families say they are desperate for answers.

In Mideast and around the world, everyone's talking 'ceasefire.' But what does it really mean?

Ceasefires in the Middle East are not bringing the peace many people expect

India central bank chief sees case for lower inflation target in long run

India is unlikely to raise its official inflation target and there may be a case for lowering it over the long term, Reserve Bank of India Governor Sanjay Malhotra said at

Tesla European registrations climb in June

Tesla registrations rose across several European markets in June, data showed on Wednesday, extending a recovery in the U.S. electric vehicle

Racism and intolerance have worsened in Britain, Starmer says

Prime Minister Keir Starmer said on Wednesday that racism and intolerance had worsened in Britain over the past decade, warning it was damaging social cohesion and deterring

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise value of $1.4 billion as the French shipping group seeks to expand its presence in the

US construction spending inches up in May, but homebuilding weak

U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.

Nike gains despite China slump as investors eye turnaround progress

Shares of Nike rose on Wednesday as investors assessed CEO Elliott Hill's efforts to revive growth, though the sportswear giant's persistent sales

Activist investors make bigger push for campaigns in H1, seek more M&A

Activist investors pushed global companies more aggressively in the second quarter to make changes and lifted the overall pace of campaigns in the

US manufacturing activity eases in June; prices paid by factories remain elevated

U.S. manufacturing activity slowed in June after surging in the prior month, likely as some of the lift from businesses front-loading orders to avoid shortages and

Dollar gains before US jobs report, Fed's Warsh sees improving inflation

The dollar gained ahead of a closely watched U.S. jobs report due on Thursday, but pared its earlier increase after Federal Reserve Chair Kevin Warsh

US factory activity eases off four-year high; input prices remain elevated

U.S. manufacturing activity slowed in June after scaling a 4-year high in the prior month, likely as some of the lift from businesses front-loading

Rate cuts are not back on the table for Britain, Bank of England's Bailey says

The Bank of England is not in a position to consider cutting interest rates, Governor Andrew Bailey said on Wednesday, despite oil prices falling back near pre‑

House Republican leaders urge Trump to let Jones Act waivers expire as scheduled in August

House Speaker Mike Johnson and several Republican leaders are asking President Donald Trump to allow waivers to a law on shipping between domestic ports to expire

Meta building cloud business to sell excess AI capacity, Bloomberg News reports

Meta Platforms is building a cloud business to sell excess artificial intelligence computing capacity, Bloomberg News reported on Wednesday, as tech giants seek returns on costly AI

Kroger announces agreement to acquire Giant Eagle

Kroger announces agreement to acquire Giant Eagle

Extreme heat tests cattle, but preparation helps producers stay ahead

Extreme heat tests cattle, but preparation helps producers stay ahead

Short sellers boost bets against SpaceX and it's already costing them

Short sellers are betting SpaceX's will resume its post-debut decline with nearly a third of its tradable shares now sold short — even as those wagers

Goldman names acting general counsel, replacing Epstein-linked Ruemmler who stays as adviser

Goldman Sachs on Wednesday named Michael Bosworth as acting general counsel and a member of its core executive leadership team, while Kathryn Ruemmler, who

French shipping company CMA CGM Group to buy FedEx' logistics arm for $1.4B

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America

Trump administration lifts restrictions on Anthropic's Claude models after cybersecurity alarm

The Trump administration has lifted restrictions on artificial intelligence company Anthropic’s latest versions of its Claude chatbot, ending a weekslong ban tied to cybersecurity concerns

Despite some big losses, Supreme Court rewards Trump's assertion of power

On Tuesday, the U.S.

Trump secured over $50 million in loan from Charles Schwab in 2025, ethics filing shows

U.S. President Donald Trump secured a more than $50 million loan last year from Charles Schwab Bank, according to his annual disclosure for 2025 with the U.S.

Trump on financial disclosures: Everyone's profiting because stock market is up

President Donald Trump said on Wednesday he had nothing to do with his personal finances, a day after he reported more than $1.4 billion in income from his family's

Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages

A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in damages to PriceRunner, the price comparison business owned by

Goldman's private credit fund bucks elevated redemption trend again

Goldman Sachs' private credit fund said on Wednesday that investors sought to repurchase roughly 3.24% of its total shares in the second quarter, extending its streak

Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, it said on Wednesday, strengthening its

General Mills beats quarterly estimates on steady staples demand, higher prices

General Mills posted better-than-expected fourth-quarter results on Wednesday, helped by higher prices and resilient demand for pantry staples, sending its shares up 9%.

AB Foods says US cooking oil sales hit by ICE pressure on Hispanic customers

Associated British Foods said the U.S. cooking oils market has declined and trading conditions are unlikely to improve going into its next financial year,

Trump says the U.S. and Iran getting along very well

President Donald Trump said on Wednesday the United States was getting along very well with Iran and that recent meetings in Qatar went well.

Micron, GM sign semiconductor supply agreement for vehicles

Micron Technology and General Motors have signed a long-term supply agreement for memory and storage platforms used in vehicle production, the companies said on Wednesday.

Brazil's bad loans on non-earmarked credit at record high, despite debt relief drive

Delinquency rates on Brazilian loans not tied to a specific purpose rose to 6.2% in May from 6.1% in April, reaching the highest level since the central

Wall St slips at open as US-Iran tensions cloud start to second half

Wall Street's main indexes opened lower on Wednesday as fresh U.S.-Iran tensions cast doubt over peace in the Middle East, marking a cautious start to the second half of 2026.

As deportation protections end, Haitians confront fear and uncertainty

Uthy spent seven years in medical school training to become a doctor

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Kroger buying regional grocer Giant Eagle in a deal valued at $1.65 billion

Kroger is buying regional grocer Giant Eagle in a deal valued at $1.65 billion

Unchecked AI progress may pose catastrophic risks, UN panel warns

Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology

Factory activity was strong in June despite war-driven cost pressures, PMIs show

Euro zone manufacturing output closed out its best quarter since early 2022 last month as U.S. factory

Older Americans left out of costly GLP-1 craze expected to flock to new program

Millions more Americans will qualify for obesity medications at just $50 a month under a new Medicare program starting on Wednesday,

Lula leads Senator Bolsonaro in Brazil presidential run-off, poll shows

Brazilian President Luiz Inacio Lula da Silva would win a potential second-round run-off vote in the October presidential elections against opposition Senator Flavio

World Bank to phase out China lending by 2031, source says

The World Bank will phase out its lending to China by 2031 after years of declining loans, reflecting the country's rise to become the world's second-

Kicking off H2

What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The new month, quarter and second half kicked off in a cautious mood,

Who qualifies for Medicare's new $50 weight-loss drug program and what are the concerns?

Millions of Americans are expected to gain coverage for GLP-1 drugs for weight loss under a new U.S. pilot launching on Wednesday in its Medicare

Nigeria's unreported spending equals 2% of GDP, IMF official says

Nigeria had about 2% of GDP worth of public spending not recorded in recent official budgets, creating a gap between its reported deficit and actual financing needs, IMF

BYD's sales rise for second month, buoyed by exports

Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.

“We’re not prepared”: As Venezuela shakes, years of mismanagement come into focus

As families wait in agony for news of loved ones trapped beneath the rubble, Venezuela’s devastating earthquake is exposing the human cost of a country unprepared for disaster. CNN's Isa Soares reports from Caracas.

Mexico's peso to trade in range on economic recovery hopes: Reuters poll

Mexico's peso will likely hold steady near the middle of its well-established trading range at least into the first half of 2027, a Reuters poll found

EU issues new steel and e-commerce regulations to reduce trade imbalance with China

The European Union has introduced two measures to protect its steel industry and limit small e-commerce parcels

Dollar bulls gain ground even as most FX strategists still expect weakness: Reuters poll

The U.S. dollar’s recent rebound will fade in coming months as cooling oil prices temper inflation fears and Federal Reserve rate hike bets, a majority

How the Supreme Court became a pivotal force in Trump's immigration agenda

The Supreme Court has tackled several key immigration issues this term, supporting President Donald Trump's administration in three cases

Medicare is now covering some GLP-1 weight loss drugs for $50. Here’s what to know

The federal government has launched a new program to make GLP-1 weight loss drugs more affordable for older Americans

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis