Economy

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

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

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

Florida’s school choice program offers universal vouchers but cannot show systemwide academic improvement

What has the Sunshine State learned from 27 years of school choice?

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.

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

EasyJet's flight path from start-up to takeover deal

A £5.50 billion ($7.34 billion) deal for U.S. investment firm Castlelake to acquire British budget airline easyJet, announced on Sunday, would mark a new chapter in the carrier's 31

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

Tracking oil prices and US gas prices amid Iran conflict

Tracking oil prices and US gas prices amid Iran conflict

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.

Tracking traffic in the Strait of Hormuz, in maps and charts

Tracking traffic in the Strait of Hormuz, in maps and charts

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

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

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

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