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Today: July 09, 2026
Today: July 09, 2026

Economy

Business|Economy|Education|Entertainment|Science|Technology

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

News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fight
Americas|Business|Crime|Economy|Environment|Europe|Finance|Political|Stock Markets|US|World

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

Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Business|Economy|Fashion and Beauty|World

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 "

Hugo Boss urges shareholders to reject Frasers' 'inadequate' bid
Business|Economy|Europe|Technology|World

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

EV maker Polestar's quarterly sales volumes slide amid looming US market exit
Business|Economy|Finance|Science|Technology

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

By Katie Paul, Max A.

Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
Africa|Business|Economy|World

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

Kenya economy to grow 4.3% in 2026, 4.4% in 2027 - World Bank
Business|Economy|Finance|Stock Markets|Technology

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.

Coinbase restores prediction markets trading after technical issue
Business|Economy|Environment|Political|World

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

Oil tanker traffic through Hormuz at near standstill as attacks strain Iran truce
Business|Economy|Finance|Science|Technology

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

Micron boosts U.S. investment plan again, commits $250 billion through 2035
Economy|Political|World

Body of slain Iranian Supreme Leader approaches Shi'ite shrine for burial

The funeral procession of Iran's slain Supreme Leader Ayatollah Ali Khamenei approached the country's holiest shrine for his burial on

Body of slain Iranian Supreme Leader approaches Shi'ite shrine for burial
Business|Economy|Finance|Stock Markets|US

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

US home prices hit an all-time high as sales slow and mortgage rates rise
Business|Economy|Finance|MidEast|Political|Stock Markets|US|World

Oil prices slide over 1% as US-Iran conflict clouds Hormuz reopening

Oil prices slid over 1% on Thursday as markets assessed the escalating conflict between the U.S. and Iran and its implications for efforts to end the war and fully

Oil prices slide over 1% as US-Iran conflict clouds Hormuz reopening
Business|Economy|Finance|Food|Stock Markets

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

PepsiCo warns of higher commodity costs amid faltering North American food sales
Business|Economy|Finance|Stock Markets|World

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

AI selloff drives quant funds' worst performance since August
Asia|Business|Economy|Finance|World

Wall Street ticks up as tech hopes offset Middle East worries

Global stocks edged higher while bond markets and currencies were largely steady on Thursday as investors balanced renewed tensions in the

Wall Street ticks up as tech hopes offset Middle East worries
Business|Economy|Finance|World

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.

US existing home sales unexpectedly fall in June
Economy|Political|World

Iran says it hits US military targets in Gulf, lays slain leader to rest

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

Iran says it hits US military targets in Gulf, lays slain leader to rest
Business|Economy|World

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

Japan to add BOJ independence reference to economic blueprint, source says
Economy|Science|Technology|World

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

Trump surprises Zelensky with public promise on Patriots – but the missiles may not come soon enough
Business|Economy|Environment|World

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

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

Russia bans diesel exports after Ukrainian attacks, straining tense global market
Business|Economy|Finance|Stock Markets|US

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

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
Business|Economy|Technology|World

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.

French competition authority's Nvidia probe nearing end
Business|Economy|Technology|World

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

Honeywell Aero to develop more defense products for Europe outside US export controls
Business|Economy|World

Russia eyes mid-July start for commercial logistics hub at Syrian port, officials say

Russia hopes by mid-July to have a commercial logistics hub up and running in one of two berths at the naval base it leases in the Syrian port of Tartous,

Russia eyes mid-July start for commercial logistics hub at Syrian port, officials say
Asia|Economy|Political|World

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.

ASEAN foreign ministers to hold meeting with Myanmar counterpart at weekend
Business|Economy|Finance|Stock Markets|World

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

US relies more on foreign stock than debt flows, a dollar risk, Deutsche Bank warns
Business|Economy|Finance|Technology|World

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. 

Citigroup expands cross-border instant payments to partner banks
Business|Economy|Finance|Political|Stock Markets|US|World

Markets remain long TACO

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

Markets remain long TACO
Asia|Business|Economy|World

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

Australia, India strike deal on uranium exports during Modi visit
Economy|World

Dollar dips as labor market remains stable, US-Iran tensions rise

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

Dollar dips as labor market remains stable, US-Iran tensions rise
Business|Economy|Europe|Finance|Technology|World

Volkswagen board faces crunch talks over plant closures and job cuts

Volkswagen's plan to cut up to 100,000 jobs and close four German factories faces a major test on Thursday as the groups that

Volkswagen board faces crunch talks over plant closures and job cuts
Business|Economy|World

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,

Mexico's annual inflation hits lowest level in over five years
Business|Crime|Economy|Europe|Political|Technology

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

Palantir says UK police contract wrongly blocked over perceived 'values'
Business|Economy|Europe|Finance|Stock Markets|World

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

ECB saw inflation rising despite nearly three expected hikes, accounts show
Business|Economy|Entertainment|Finance|Sports|Technology

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

PepsiCo says economic concerns weighed on customers in North American during recent quarter
Business|Economy|Education|Environment|Health

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

Trump cut to food security survey could make measuring US hunger harder
Business|Economy|Europe|Political|World

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

Putin likely to escalate Ukraine war, despite Trump peace push, sources say
Business|Economy|Finance|Stock Markets|World

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.

Higher bar for corporate profit growth poses challenge for US stock market rally
Crime|Economy|Europe|World

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

Ukraine says it hits more Russian fuel tankers as Crimea campaign intensifies
Business|Economy|Environment|Science|Technology

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

US power companies scramble to secure equipment as surging data center demand strains supplies
Business|Economy|Technology|Travel

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

SpaceX and AI startup wealth fuels demand for private jets
Economy|US|World

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

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

New attacks raise questions about what comes next in the Iran war
Business|Economy|Education|Election|Finance|Political

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

A democratic socialist in Wisconsin tests how far left voters want to go in a battleground state
Asia|Business|Economy|Technology|World

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

China’s passenger car exports are up 80% in June as EV demand grows, while sales drop at home
Business|Economy|Finance|Stock Markets|Technology

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

The year’s hottest rally is losing steam. Investors are asking what comes next
Asia|Business|Economy|Fashion and Beauty|World

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

Uniqlo operator Fast Retailing cautions on yen and heatwaves, but raises profit forecast
Africa|Economy|Political

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

Zambia election will put Hichilema's economic record to the test
Business|Economy|Finance|World

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

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Europe's financial stability watchdog examining private credit risks, adviser says
Business|Economy|Europe|World

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.

German exports rise unexpectedly in May on surge in US demand