U.S. World Business Lifestyle
Today: May 25, 2026
Today: May 25, 2026

Economy

Business|Economy|Entertainment|Environment|Fashion and Beauty|Technology

Shein to buy apparel retailer Everlane

U.S. apparel brand Everlane said on Friday it had reached an agreement to be acquired by online retailer Shein, giving the fast-fashion company ownership of a brand known for

Shein to buy apparel retailer Everlane
Business|Economy|World

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices climbed on Friday, as investors worried that the U.S. and Iran would be unable to reach a peace agreement that would allow shipping traffic to

Oil prices settle higher on slow progress in US-Iran peace talks
Business|Economy|Political|World

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank
Business|Economy|Environment|Fashion and Beauty|Lifestyle

Everlane shoppers come unraveled over sale to Shein

Everlane shoppers come unraveled over sale to Shein

Everlane shoppers come unraveled over sale to Shein
Economy|World

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy

Kevin Warsh sworn in as Fed chair at pivotal moment for US economy
Business|Economy|Technology|World

US appeals court revives $82 million of verdict against Ford in trade secrets case

A U.S. appeals court on Friday revived $82.2 million of a $104.6 million verdict that Versata Software won against Ford for breaching a licensing

US appeals court revives $82 million of verdict against Ford in trade secrets case
Business|Economy|Finance|Stock Markets|World

Dollar near six-week high amid Iran war jitters

The dollar held near six-week highs on Friday as traders weighed the prospects of a near-term deal to end the Middle East war

Dollar near six-week high amid Iran war jitters
Business|Economy|World

Angst over rising cost of living pushes US consumer sentiment to record low

U.S. consumer sentiment fell to a record low in May as surging gasoline prices linked to the Iran war intensified affordability concerns, highlighting

Angst over rising cost of living pushes US consumer sentiment to record low
Economy|Political|World

Western powers press Israel to rein in settlers, halt expansion

Israel must halt the expansion of settlements in the West Bank and curb growing settler violence, seven major Western nations said on Friday, accusing the Israeli government

Western powers press Israel to rein in settlers, halt expansion
Business|Crime|Economy|Europe|World

Turkey court ruling adds to crackdown on main opposition CHP

A Turkish court annulled the main opposition party's 2023 congress, effectively ousting its leader Ozgur Ozel, in a ruling that has inflamed a

Turkey court ruling adds to crackdown on main opposition CHP
Business|Economy|Finance|Stock Markets|World

European shares end at more than one-month high on tech boost

European shares finished at their highest in over a month on Friday, led by technology stocks as risk sentiment got a lift on expectations

European shares end at more than one-month high on tech boost
Economy|Health|Science|World

Congo province bans funeral wakes to contain Ebola's spread

The eastern Democratic Republic of Congo province most affected by the country's Ebola outbreak banned funeral

Congo province bans funeral wakes to contain Ebola's spread
Business|Economy|Europe|Political|World

Swiss widen sanctions against Russia, Belarus in line with EU measures

Switzerland expanded its sanctions lists against Russia and Belarus on Friday, adopting parts of the European Union's latest package of measures over Moscow's war in Ukraine

Swiss widen sanctions against Russia, Belarus in line with EU measures
Economy|Europe|MidEast|Political|World

France readies UN resolution on Hormuz as vote on US text stalls

France has drafted a U.N.

France readies UN resolution on Hormuz as vote on US text stalls
Economy|Health|Political|Science|Technology

FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market

The Associated Press has learned that officials at the Food and Drug Administration were blindsided by a recent policy change allowing more electronic cigarettes and nicotine pouches to hit the U.S. market

FDA staff blindsided by move allowing more e-cigarettes and nicotine pouches onto US market
Business|Economy|Finance|Stock Markets|Technology|US

SpaceX to allow early share resale before usual six‑month lock-up

SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six‑month restriction period post-IPO, under a

SpaceX to allow early share resale before usual six‑month lock-up
Business|Economy|Environment|Fashion and Beauty|Finance|Stock Markets|US

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

Everlane, which bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion Shein, founded in China

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit
Business|Economy|US|World

High gas prices, cost of living send US consumer sentiment to all-time low

High gas prices, cost of living send US consumer sentiment to all-time low

High gas prices, cost of living send US consumer sentiment to all-time low
Business|Economy|Environment|Finance|Travel

New York LaGuardia runway reopens after repairs

New York's LaGuardia airport has reopened a runway that had been closed because of a sinkhole on Wednesday, snarling flights for the busy Memorial Day travel

New York LaGuardia runway reopens after repairs
Asia|Business|Economy|Political|World

Taiwan says it has not been told by US of arms sales delays

Taiwan's government said on Friday it had not received any information about U.S. arms sales delays, after a senior U.S. official suggested there was a pause due to the need

Taiwan says it has not been told by US of arms sales delays
Business|Economy|Finance|Stock Markets|World

Wall St rises at open, Dow hits record high

Wall Street's main indexes opened higher on Friday with the Dow hitting an intraday record high as investors watched for progress in talks to end the nearly three-month Middle East

Wall St rises at open, Dow hits record high
Business|Economy|Finance|World

Canada March retail sales grow 0.9%; seen up 0.6% in April

Canada's retail sales in March grew by 0.9%, beating expectations, to C$72.67 billion  ($52.64 billion) primarily led by sales at gasoline stations and fuel vendors, as

Canada March retail sales grow 0.9%; seen up 0.6% in April
Business|Economy|Europe|Political|World

Portugal says budget balance 'extremely difficult' after huge storm costs

Portugal will find it extremely difficult to achieve a balanced budget this year after storms in January and February cost the state €2 billion ($2.3 billion), or about 0.6%

Portugal says budget balance 'extremely difficult' after huge storm costs
Business|Economy|Finance|Stock Markets|World

Dow hits first intraday record high since February

The Dow Jones Industrial Average hit an intraday record high on Friday, its first since the U.S.-Iran war began, as AI-driven trade and market optimism over negotiations to end the

Dow hits first intraday record high since February
Business|Economy|Environment|Political|World

Carney stresses importance of Alberta after separation vote announcement

Prime Minister Mark Carney on Friday stressed Alberta's importance to Canada, a day after the oil-rich province announced a non-binding referendum on whether its residents

Carney stresses importance of Alberta after separation vote announcement
Business|Economy|Environment|World

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say

Commodity trader Trafigura plans to take large amounts of copper from London Metal Exchange warehouses in New Orleans, two industry

Trafigura plans to withdraw LME copper stocks ahead of US tariff ruling, sources say
Business|Economy|Finance|Stock Markets|US

First Carolina files for IPO as US bank listings heat up

First Carolina Financial Services filed for a U.S. initial public offering on Friday, disclosing a jump in first-quarter profit as a strong run of new listings by U.S. banks extends

First Carolina files for IPO as US bank listings heat up
Business|Economy|Finance|Stock Markets|World

Mexico economy shrinks in first quarter, but beats bleakest forecasts

Mexico's economy shrank 0.6% in the first quarter from the previous three-month period, data from the national statistics agency INEGI showed

Mexico economy shrinks in first quarter, but beats bleakest forecasts
Business|Economy|Europe|Finance|Stock Markets|US|World

Fed's Waller's ready to axe 'easing bias,' says rate-cut talk now is 'crazy'

Federal Reserve Governor Christopher Waller, an influential voice in policymaking who until recently had advocated for lower

Fed's Waller's ready to axe 'easing bias,' says rate-cut talk now is 'crazy'
Economy|MidEast|Political|World

Qatari negotiating team in Tehran to try to help secure US-Iran deal to end war, says source

A Qatari negotiating team arrived in Tehran on Friday in coordination with United States to try to help secure a deal to end the war with Iran and resolve outstanding issues, a

Qatari negotiating team in Tehran to try to help secure US-Iran deal to end war, says source
Asia|Business|Economy|Political|World

Taiwan's government says US hasn't notified it of any pause in a planned $14B arms sale

Taiwan's government says it hasn't been notified of any pause in a planned $14 billion U.S. arms sale to the self-governing island

Taiwan's government says US hasn't notified it of any pause in a planned $14B arms sale
Arts|Business|Economy|Entertainment|Travel|World

Abu Dhabi is ‘doubling down’ on tourism despite Iran war

Abu Dhabi is ‘doubling down’ on tourism despite Iran war

Abu Dhabi is ‘doubling down’ on tourism despite Iran war
Economy|Environment|Science|World

Cuba needs a long-term solution to its energy crisis

Short-term humanitarian aid won’t go far in alleviating Cuba’s long-term energy crisis.

Cuba needs a long-term solution to its energy crisis
Business|Economy|Education|Opinion

Detroit’s high property taxes are driving a housing affordability crisis – how can city leaders bring down costs?

Property tax reform in Detroit could boost homeownership and attract new residents and businesses.

Detroit’s high property taxes are driving a housing affordability crisis – how can city leaders bring down costs?
Economy|Health|Science

Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice

Changes in how healthcare is managed have had a meaningful effect on what contraceptive options are available to women.

Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
Arts|Economy|Opinion|World

America’s nonprofit sector is pushing back against an ‘authoritarian playbook’

The Trump administration has made many threats against nonprofits whose missions it disagrees with.

America’s nonprofit sector is pushing back against an ‘authoritarian playbook’
Arts|Business|Economy|Education|Entertainment|Environment|Technology

Today’s bans on DIY repairs of everything from cell phones to tractors grew out of Hollywood’s fear of videotaping

Efforts to use technology to police copyright evolved into companies using copyright law to lock people out of repairing their own devices.

Today’s bans on DIY repairs of everything from cell phones to tractors grew out of Hollywood’s fear of videotaping
Economy|Finance|Science|Stock Markets|Technology|World

Brittle bonds and AI boom face off

Everything the ROI team are reading, watching and listening to over the weekend. From Mike Dolan, Editor-at-Large, Markets & Finance Hello Morning Bid readers! 

Brittle bonds and AI boom face off
Business|Economy|Finance|Stock Markets|World

U.S. equity funds record outflows on caution over higher yields

U.S. equity funds recorded a second weekly outflow in nine weeks in the week to May 20 as investors locked in profits from a recent rally on caution over rising inflation and a

U.S. equity funds record outflows on caution over higher yields
Business|Economy|Election|Finance|Political|Stock Markets|World

Ankara court rejects Turkish main opposition's appeal against ruling to oust leader, media says

An Ankara court on Friday rejected an appeal by Turkey's main opposition Republican People's Party (CHP) against a ruling to oust its leader, the Cumhuriyet daily and other

Ankara court rejects Turkish main opposition's appeal against ruling to oust leader, media says
Business|Economy|Europe|Political|World

Turkey opposition vows to resist court ruling as political crisis deepens

Turkey's opposition vowed on Friday to resist an unprecedented court ruling that ousted its leader, inflamed a political crisis and

Turkey opposition vows to resist court ruling as political crisis deepens
Economy|Education|Health|Political|World

China to expand public service access for migrant workers

China issued guidelines on Friday to expand coverage of basic public services to people who don't have household registration in the cities where they work, a move that

China to expand public service access for migrant workers
Business|Economy|Finance|Stock Markets|Technology|World

From Meta to SpaceX: how dual-class shares keep founders in control

The dual-class share structure outlined in SpaceX's IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street's oldest

From Meta to SpaceX: how dual-class shares keep founders in control
Business|Economy|Finance|Stock Markets|World

Global equity fund investors halt eight-week buying streak as bond yields rise

Global equity funds recorded the first weekly outflow in nine weeks in the week through May 20, as investors turned cautious over inflation and a rise in long-term borrowing costs

Global equity fund investors halt eight-week buying streak as bond yields rise
Business|Economy|Finance|World

Level-setting the Warsh Fed, in Warsh's own words

Kevin Warsh has been a sharp critic of the Federal Reserve for the last 15 years, ever since leaving his job there as a governor in 2011.

Level-setting the Warsh Fed, in Warsh's own words
Business|Crime|Economy|Finance|Political|Stock Markets|US|World

Republicans revolt over Trump’s $1.8 billion ‘anti-weaponization’ fund

Republicans revolt over Trump’s $1.8 billion ‘anti-weaponization’ fund

Republicans revolt over Trump’s $1.8 billion ‘anti-weaponization’ fund
Business|Economy|Education|Technology

How to AI-proof your job

How to AI-proof your job

How to AI-proof your job
Economy|Environment|Lifestyle|Science|Sports

Minnesota DNR proposes walleye bag limit change

Minnesota DNR proposes walleye bag limit change

Minnesota DNR proposes walleye bag limit change
Business|Economy|Health|Lifestyle

Florida residents facing mounting frustration over health insurance companies denying prescription coverage

Florida residents facing mounting frustration over health insurance companies denying prescription coverage

Florida residents facing mounting frustration over health insurance companies denying prescription coverage
Business|Economy|Lifestyle|US|World

Is it finally a buyer’s market? That depends where you look for a home

Is it finally a buyer’s market? That depends where you look for a home

Is it finally a buyer’s market? That depends where you look for a home
Business|Economy|Finance|Stock Markets|Technology

Workday shares jump as AI demand eases investor concerns

Workday shares jumped 8.5% on Friday after the enterprise software maker beat first-quarter revenue and profit estimates, easing concerns that AI rivals such as Anthropic could

Workday shares jump as AI demand eases investor concerns
Business|Economy|Europe|Finance|World

Spain to introduce job-matching plan for migrants granted legal status

Spain will introduce a plan to match migrants to jobs under a programme to grant legal status to around half a million undocumented workers to help drive

Spain to introduce job-matching plan for migrants granted legal status
Business|Economy|Europe|World

StanChart CEO apologises for 'upset caused' by AI comments

Standard Chartered CEO Bill Winters apologised for the upset caused to staff by his remarks about artificial intelligence replacing "lower value" human workers, but stopped

StanChart CEO apologises for 'upset caused' by AI comments
Asia|Business|Economy|Finance|World

Citi to boost Asia wealth business with 'significant' hires, global head says

Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private bank is growing faster and generating

Citi to boost Asia wealth business with 'significant' hires, global head says
Business|Economy|Europe|Finance|World

Germany's residential construction drops to 13-year low

Residential construction in Germany dropped to a 13-year low in 2025, hurt by higher building costs and interest rates, putting pressure on the government to step up

Germany's residential construction drops to 13-year low
Business|Economy|Finance|Political|World

UAE's Gargash sees '50-50' odds of US-Iran deal, warns against renewed fighting

There is a "50-50 chance" of a U.S.-Iran peace agreement, the United Arab Emirates' presidential advisor said on Friday, but stressed that

UAE's Gargash sees '50-50' odds of US-Iran deal, warns against renewed fighting
Business|Economy|Science|Technology

Space ETFs booming in anticipation of SpaceX IPO

Space-themed exchange-traded funds are blasting off, with asset managers rushing to issue new products ahead of the much-anticipated IPO

Space ETFs booming in anticipation of SpaceX IPO
Arts|Business|Economy|Entertainment|Fashion and Beauty|Finance

Estée Lauder soars, Puig dips after merger talks collapse

Estée Lauder's shares rose about 13% while Puig fell roughly 14% in early trading on Friday after the Spanish perfumer and the American

Estée Lauder soars, Puig dips after merger talks collapse
Business|Economy|Environment|Europe|World

Explosion at MOL's Tiszaujvaros petrochemical plant in Hungary kills one

A pipeline explosion at Hungarian oil and gas group MOL's petrochemical plant in Tiszaujvaros that killed one person and

Explosion at MOL's Tiszaujvaros petrochemical plant in Hungary kills one
Economy|Europe|Political|World

EU in stagflationary trend, must not risk fiscal crisis, ministers say

Europe's economy is in a stagflationary trend due to the surge in energy prices caused by the Iran war, but governments must be

EU in stagflationary trend, must not risk fiscal crisis, ministers say
Arts|Asia|Business|Economy|Education|Entertainment|Lifestyle|Political|World

India’s Gen Z have flipped the lowly cockroach into a symbol of defiance

India’s Gen Z have flipped the lowly cockroach into a symbol of defiance

India’s Gen Z have flipped the lowly cockroach into a symbol of defiance
Business|Economy|Environment|Food|Health|Science

A proposed additive ban could change New York’s pizza and bagels, some say for the better

New York City's iconic pizzerias and bagel shops may soon be forced to update their long-standing baking practices after state lawmakers moved to ban a common additive

A proposed additive ban could change New York’s pizza and bagels, some say for the better
Arts|Business|Economy|Entertainment

Paul McCartney helps Stephen Colbert say goodbye to 'The Late Show' in ambitious final show

Stephen Colbert has wrapped up his final broadcast of CBS' “The Late Show” with a memorable night

Paul McCartney helps Stephen Colbert say goodbye to 'The Late Show' in ambitious final show
Business|Economy|Finance

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump has a reputation for slashing his taxes using techniques that some experts find aggressive

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system
Business|Economy|Finance|Stock Markets|World

UBS lifts S&P 500 annual forecast on robust consumer spending, AI demand

UBS Global Wealth Management has raised its 2026 year-end forecast for the S&P 500 to 7,900 from 7,500, citing resilient consumer spending and strong demand for data center

UBS lifts S&P 500 annual forecast on robust consumer spending, AI demand
Business|Economy|Europe|Finance|Stock Markets|World

German Ifo business sentiment unexpectedly rises but outlook stays weak

German business morale unexpectedly improved in May, a survey showed on Friday, but economists warn that the outlook for Europe's biggest economy remains

German Ifo business sentiment unexpectedly rises but outlook stays weak
Business|Economy|Finance|Political|World

ECB will have to respond to inflation increase, EU's Dombrovskis says

European Economy Commissioner Valdis Dombrovskis said on Friday that it is clear the European Central Bank will need to react to rising inflation.

ECB will have to respond to inflation increase, EU's Dombrovskis says
Business|Economy|Environment|Technology

Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label

Tesla is recalling 14,575 Model Y SUVs in the U.S., over a missing certification label with weight specifications, the U.S.

Tesla to recall over 14,500 Model Y SUVs in US over missing weight certification label
Economy|Education|Election|Environment|Political

Trump won over more Latino voters in 2024. Can he keep them?

President Donald Trump made inroads with Latino voters in 2024, earning support that helped propel him to a second term in the White House

Trump won over more Latino voters in 2024. Can he keep them?
Business|Economy|Europe|Finance|Stock Markets|World

JPMorgan sees Turkey central bank lift interest rates to 40% imminently

Investment bank JPMorgan said on Friday that Turkey's central bank was likely to hike its key interest rate to 40% and could even do so before its next planned meeting in

JPMorgan sees Turkey central bank lift interest rates to 40% imminently
Economy|Europe|Finance|World

Pound softens as UK consumers cut spending, public finances worsen

The pound edged lower on Friday as uncertainty over the status of peace talks between the U.S. and Iran prompted investors to buy the dollar and after UK

Pound softens as UK consumers cut spending, public finances worsen
Business|Economy|Technology|World

Samsung workers begin voting on pay deal, some non-chip employees to oppose it

Samsung Electronics' workers in South Korea on Friday began voting on a pay deal that ensures huge bonuses for its memory chip workers, but other employees

Samsung workers begin voting on pay deal, some non-chip employees to oppose it
Business|Economy|Finance|World

When does this end?

World markets remain at the mercy of diplomacy as the Iran war approaches the end of its third month with no clear resolution in sight.

When does this end?
Asia|Business|Economy|Travel|World

China foreign minister to chair UN Security Council meeting in US, visit Canada

China's Foreign Minister Wang Yi will travel to New York and chair a high-level meeting of the UN Security Council on May 26, the Chinese foreign ministry said on Friday.

China foreign minister to chair UN Security Council meeting in US, visit Canada
Business|Economy|Europe|Finance|World

German consumer sentiment recovers heading into June, survey finds

German consumer sentiment recovered heading into June, as households' income expectations improved, a survey found on Friday.

German consumer sentiment recovers heading into June, survey finds
Business|Economy|Finance|World

UK retail sales drop by most in nearly a year as drivers buy less fuel

British retail sales fell by the most in nearly a year in April as fuel sales plummeted, according to official figures published on Friday that added to

UK retail sales drop by most in nearly a year as drivers buy less fuel
Business|Economy|Environment|Finance|Stock Markets|World

Barclays keeps $100 Brent oil forecast for 2026 but risks skew higher

Barclays is maintaining its 2026 average Brent crude oil price forecast at $100 a barrel though risks are skewing higher, the bank said in a note on Friday.

Barclays keeps $100 Brent oil forecast for 2026 but risks skew higher
Business|Economy|Europe|Finance|World

German economy grows by 0.3% in Q1, driven by exports

The German economy grew by 0.3% in the first quarter of 2026 compared with the previous quarter, the statistics office said on Friday, confirming its

German economy grows by 0.3% in Q1, driven by exports
Business|Economy|Finance|Political|World

UK borrowing jumps as Reeves faces up to Iran war challenge

Britain's public finances showed the biggest shortfall since the COVID-19 pandemic in April in what could be an early taste of the budget hit facing

UK borrowing jumps as Reeves faces up to Iran war challenge
Africa|Economy|Europe|Political|World

In Spain's greenhouses, migrant amnesty brings hope of better conditions

After seven years living as an undocumented migrant in Spain, doing day jobs and staying in shanty towns, Moroccan Abdelmoujoud Erra

In Spain's greenhouses, migrant amnesty brings hope of better conditions
Business|Economy|World

High hopes dashed: UK cost-of-living woes snare Starmer

Prime Minister Keir Starmer's failure to allay concerns about the cost of living is driving dissatisfaction with his government among Britons, adding to

High hopes dashed: UK cost-of-living woes snare Starmer
Business|Economy|Finance|Stock Markets|US

Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger

Nomura has joined a growing chorus of brokerages expecting the U.S.

Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger
Asia|Business|Economy|Finance|Science|Technology|World

AMD ramping up Taiwan capacity as global CPU market tightens

Advanced Micro Devices is working with Taiwan partners to ramp up production capacity as stronger-than-expected demand squeezes the global

AMD ramping up Taiwan capacity as global CPU market tightens
Business|Economy|Europe|Technology|World

ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants

Europe's push to curb its dependence on U.S. payments giants Visa and Mastercard has driven a wedge between the European Central Bank

ECB, banks rift hampers Europe's efforts to loosen reliance on US payments giants
Business|Economy|Environment|Political|World

Housing squeeze in Swiss boom region fuels support for population cap

Since 1990, the population in the Swiss village of Knonau has more than doubled, driven by an economic boom in one of the country's most business

Housing squeeze in Swiss boom region fuels support for population cap
Asia|Business|Economy|Technology|World

Lenovo Q4 revenue tops estimates on strong PC sales; shares jump 15%

Lenovo Group reported a better-than-expected 27% jump in quarterly revenue on Friday, as strong consumer demand for PCs ahead of potential

Lenovo Q4 revenue tops estimates on strong PC sales; shares jump 15%
Business|Economy|Finance|Stock Markets|World

JPMorgan looks to offload exposure to $4 billion in private equity-linked loans, FT reports

JPMorgan is seeking to offload risk tied to more than $4 billion in loans to private equity funds, Financial Times reported on Friday, citing people familiar with matter.

JPMorgan looks to offload exposure to $4 billion in private equity-linked loans, FT reports
Business|Economy|Finance|World

India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say

India's central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds

India central bank not in favour of rate hikes to defend rupee, prioritises inflation, sources say
Business|Economy|Europe|World

InPost says FedEx-led $9 billion buyout offer to run from May 26 to July 27

Polish parcel locker company Inpost said on Friday that the €7.8 billion ($9 billion) buyout offer from a consortium made up of FedEx, Advent International and other InPost

InPost says FedEx-led $9 billion buyout offer to run from May 26 to July 27
Asia|Business|Economy|World

APEC trade envoys gather in China to discuss trade imbalances, supply chain resilience

Asia-Pacific trade envoys gathered in China are expected to discuss multilateral cooperation, trade imbalances and supply chain

APEC trade envoys gather in China to discuss trade imbalances, supply chain resilience
Business|Economy|Europe|Technology|World

Europe's AI stocks shine through gloom of Iran war

A strong rally in tech stocks has largely gone under the radar against a darkening backdrop for European equity markets as the energy shock triggered by

Europe's AI stocks shine through gloom of Iran war
Australia|Business|Economy

Australia fines Coles over milk supply deals; flags Brownes' pricing practices

Australia’s competition watchdog said on Friday that Coles and dairy firm Brownes Foods Operations each paid A$39,600 ($28,270.44) after receiving infringement notices for

Australia fines Coles over milk supply deals; flags Brownes' pricing practices
Asia|Business|Economy|Finance|World

New Zealand central bank to hold rates at 2.25% on May 27; slim majority expect Q3 hike: Reuters poll

The Reserve Bank of New Zealand is expected to keep its key policy rate unchanged on Wednesday but a slim majority of economists in a Reuters poll now

New Zealand central bank to hold rates at 2.25% on May 27; slim majority expect Q3 hike: Reuters poll
Business|Economy|Environment|Finance|World

India's job engine strains as Iran war hits remittances and trade

The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country's

India's job engine strains as Iran war hits remittances and trade
Asia|Business|Economy|World

Hengli, China's silk-to-petrochemicals empire, faces the chill of US sanctions

The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant

Hengli, China's silk-to-petrochemicals empire, faces the chill of US sanctions
Asia|Economy|Political|World

The differences — and similarities — in the Trump and Putin visits to China

Chinese leader Xi Jinping's recent summits with U.S. President Donald Trump and Russia's Vladimir Putin highlighted different dynamics with each country

The differences — and similarities — in the Trump and Putin visits to China
Business|Economy|Environment

Puerto Rico governor promises to alleviate power and water shortages

Puerto Rico Gov. Jenniffer González is pledging to boost the amount of electric energy available to power the U.S. territory as chronic outages persist

Puerto Rico governor promises to alleviate power and water shortages
Business|Economy|Finance|World

Japan will avoid over-reliance on debt for extra budget, finance minister says

Japanese Finance Minister Satsuki Katayama said on Friday the government will seek to avoid overly relying on new debt issuance if it were to compile an extra

Japan will avoid over-reliance on debt for extra budget, finance minister says
Economy|Political|US|World

US hits nine Hezbollah-aligned individuals in Lebanon with sanctions

The United States on Thursday announced sanctions against nine individuals, including Iran's designated ambassador to Lebanon, for obstructing the peace

US hits nine Hezbollah-aligned individuals in Lebanon with sanctions
Business|Economy|Science|Technology|World

Arafura Rare Earths plans $250 million share sale backed by Australia's richest person

Australia's Arafura Rare Earths said on Friday it plans to raise about A$350 million ($249.83 million) in a share

Arafura Rare Earths plans $250 million share sale backed by Australia's richest person
Crime|Economy|Political|US|World

Republican revolt over Trump 'anti-weaponization' fund stalls ICE funding vote

U.S.

Republican revolt over Trump 'anti-weaponization' fund stalls ICE funding vote
Business|Economy|Environment|Health|Lifestyle|Political|Science|Technology|US

US lawmakers propose making daylight saving time permanent, again

Daylight saving time would stay in effect year-round under a U.S.

US lawmakers propose making daylight saving time permanent, again
Asia|Business|Economy|Technology|World

North Carolina sues Vietnam's VinFast over delayed EV project

The State of North Carolina has sued Vietnamese EV maker VinFast for its alleged failure to meet its commitments to build an electric vehicle and battery factory in the state

North Carolina sues Vietnam's VinFast over delayed EV project
Business|Economy|Finance|World

Philippine central bank governor says it is considering off-cycle rate hike

The Philippine central bank could hike interest rates ahead of its scheduled policy meeting on June 18, its governor said on Friday.

Philippine central bank governor says it is considering off-cycle rate hike
Economy|Election|Political|World

Alberta province plans a public vote on whether to hold a binding referendum on leaving Canada

The government in the oil-rich province of Alberta plans a referendum on leaving Canada but says it won't actually be a vote on whether to separate

Alberta province plans a public vote on whether to hold a binding referendum on leaving Canada
Australia|Business|Economy|Finance|Stock Markets

Australia's Guzman y Gomez to exit US in retreat from key growth bet

Australia's Guzman y Gomez , the Mexican-themed restaurant chain whose global growth plans powered a blockbuster sharemarket listing, said it was

Australia's Guzman y Gomez to exit US in retreat from key growth bet
Business|Economy|Environment|Science|Technology

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes

Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United States and paused its operations in Atlanta, Georgia as it updates software to

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
Economy|Election|Finance|Political|US

Takeaways from the Democratic National Committee's long-awaited autopsy report on 2024 election

The Democratic National Committee has released a controversial autopsy report on the 2024 election

Takeaways from the Democratic National Committee's long-awaited autopsy report on 2024 election
Business|Economy|Travel|World

Official warns US could halt immigration, customs processing at 'sanctuary city' airports, sources say

Homeland Security Secretary Markwayne Mullin privately warned that authorities could stop processing international travelers and cargo at major U.S.

Official warns US could halt immigration, customs processing at 'sanctuary city' airports, sources say
Business|Economy|Science|Technology

Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

Lam Research is focused on adding sensing and AI capabilities to its semiconductor manufacturing tools to make them more productive as it

Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says
Business|Economy|Finance|Political|World

Brazil's government expected to expand spending block on ministries, says finance minister

Brazil's government is expected to announce on Friday an increase of spending blocks across ministries to stay within this year's spending cap, Finance Minister Dario

Brazil's government expected to expand spending block on ministries, says finance minister
Business|Economy|Finance|Political|Stock Markets|US|World

Trump will swear in Warsh on Friday to lead US Federal Reserve

U.S.

Trump will swear in Warsh on Friday to lead US Federal Reserve
Asia|Business|Economy|Finance|Stock Markets|World

Japan's core inflation hits 4-year low, rebound eyed on energy shock

Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts

Japan's core inflation hits 4-year low, rebound eyed on energy shock
Economy|MidEast|Political|US|World

Republicans call off vote on Iran war resolution that was on the verge of passing

Republicans are struggling to find the votes to dismiss legislation that would compel President Donald Trump to withdraw from the war with Iran

Republicans call off vote on Iran war resolution that was on the verge of passing
Business|Economy|Science|Technology

Starship test flights, from explosions to mock satellite deployments

SpaceX is set to launch the 12th uncrewed test flight of its Starship rocket on Thursday, the debut of a redesigned vehicle central to Elon Musk's plans for the moon, Mars and the

Starship test flights, from explosions to mock satellite deployments
Business|Crime|Economy|Finance|World

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal
Business|Economy|Fashion and Beauty|Finance|Stock Markets

Hoka-owner Deckers provides upbeat annual outlook on resilient demand

Deckers Outdoor forecast annual sales and profit above Wall Street estimates on Thursday, banking on resilient demand for its UGG boots and Hoka running shoes.

Hoka-owner Deckers provides upbeat annual outlook on resilient demand
Arts|Business|Economy|Entertainment

IMAX is exploring sale, WSJ reports

Cinema operator IMAX is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Thursday, citing people familiar with

IMAX is exploring sale, WSJ reports
Americas|Business|Economy|Finance|Stock Markets|World

Argentina secures $1 billion in IMF disbursement

The International Monetary Fund on Thursday approved a $1 billion disbursement to Argentina after completing a second review of its $20 billion programme,

Argentina secures $1 billion in IMF disbursement
Economy|Environment|Political|World

Canada falling short on defense spending, F-35 review, Pentagon official says

The U.S. decision to suspend planned biannual defense talks with Canada follows deepening concern that Ottawa is failing to take steps to become a "

Canada falling short on defense spending, F-35 review, Pentagon official says
Business|Economy|Political|World

UAW urges tougher labor rules in US-Canada-Mexico trade talks

United Auto Workers leaders called for stronger pay standards and mandates that carmakers build where they sell, ahead of Washington's upcoming talks on a new

UAW urges tougher labor rules in US-Canada-Mexico trade talks
Business|Economy|Finance|World

Britons hold their nerve but turn warier about big spending plans, GfK says

British consumers have turned a little less downbeat this month but are the least willing to make big purchases in almost a year and a half, underscoring the fragile mood

Britons hold their nerve but turn warier about big spending plans, GfK says
Business|Economy|Education|Environment|Science|Technology|US|World

The most powerful rocket ever built is now even bigger and more powerful. But will it work?

The most powerful rocket ever built is now even bigger and more powerful. But will it work?

The most powerful rocket ever built is now even bigger and more powerful. But will it work?
Economy|US|World

GOP leaders abruptly cancel House vote on Iran war powers, shielding Trump from rebuke

GOP leaders abruptly cancel House vote on Iran war powers, shielding Trump from rebuke

GOP leaders abruptly cancel House vote on Iran war powers, shielding Trump from rebuke
Business|Economy|Political|US|World

Backlash to Trump's $1.8B settlement fund delays GOP immigration bill

Senate Republicans have departed Washington for the Memorial Day recess without voting on a roughly $70 billion bill to fund immigration enforcement agencies

Backlash to Trump's $1.8B settlement fund delays GOP immigration bill
Business|Crime|Economy|Health|Political

‘Mastermind’ of $250M Minnesota theft scheme gets 500-month prison sentence as feds charge more people with fraud

‘Mastermind’ of $250M Minnesota theft scheme gets 500-month prison sentence as feds charge more people with fraud

‘Mastermind’ of $250M Minnesota theft scheme gets 500-month prison sentence as feds charge more people with fraud
Business|Economy|Environment

Newsom's office warns Californians to avoid Chevron this holiday weekend, citing high gas prices

California Gov. Gavin Newsom’s office is warning people to avoid buying gas from Chevron stations over Memorial Day weekend because of the high price at the pump

Newsom's office warns Californians to avoid Chevron this holiday weekend, citing high gas prices
Arts|Business|Economy|Entertainment|Finance|World

Canadian regulator triples US streamers' financial contributions to Canadian content

Canada's federal broadcast regulator is requiring large online streaming services to contribute 15% of their Canadian revenues to Canadian content

Canadian regulator triples US streamers' financial contributions to Canadian content
Business|Economy|Environment|Science|World

China oil import cut, higher US exports wrongfoot market bulls

As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed

China oil import cut, higher US exports wrongfoot market bulls
Business|Economy|Entertainment|Finance|Lifestyle|Sports|World

Soccer-New York City offering $50 World Cup tickets for residents

New York City will offer its residents a chance to snag $50 tickets to World Cup games in New Jersey this summer, Mayor Zohran Mamdani said on Thursday, with 1,000

Soccer-New York City offering $50 World Cup tickets for residents
Business|Economy|Technology|US|World

Lockheed Martin breaks ground on Alabama missile plant

Lockheed Martin broke ground on Thursday on an 87,000-square-foot Munitions Production Center at its Troy, Alabama campus, as part of a U.S. push to expand

Lockheed Martin breaks ground on Alabama missile plant
Business|Economy|Entertainment|Europe|Fashion and Beauty

Estée Lauder ditches Puig deal, lifting shares as turnaround takes priority

U.S. cosmetics maker Estée Lauder and Spanish perfumery Puig ended merger talks that would have created a premium beauty

Estée Lauder ditches Puig deal, lifting shares as turnaround takes priority
Business|Crime|Economy|Political|US|World

Minnesota hunger non-profit leader gets 41 years in prison for $250 million fraud scheme

The leader of a Minnesota non-profit group was sentenced to 41 years in prison on Thursday after she was convicted last year of being the ringleader of a $250 million scheme to

Minnesota hunger non-profit leader gets 41 years in prison for $250 million fraud scheme
Business|Economy|Finance|Political|Stock Markets|US|World

US and Iran still at odds on key issues, but both sides report signs of progress

The U.S. and Iran stuck to opposing stances on Thursday over Tehran's uranium stockpile and controls on the Strait of Hormuz,

US and Iran still at odds on key issues, but both sides report signs of progress
Business|Economy|Finance|Stock Markets|Technology|World

Trading Day: IPO, IPO, it's off to work we go

U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors

Trading Day: IPO, IPO, it's off to work we go
Business|Economy|Finance|Stock Markets|US|World

Ross raises annual outlook as shoppers remain focused on value

Value retailer Ross Stores raised its annual comparable sales and profit forecast on Thursday, betting on resilient demand for its discounted apparel and accessories despite looming

Ross raises annual outlook as shoppers remain focused on value
Business|Economy|Technology

Zoom raises annual forecasts, banks on AI features to drive demand

Zoom Communications raised its annual revenue and profit forecasts on Thursday, betting on strong demand for its AI features as the video conferencing platform looks to shore up

Zoom raises annual forecasts, banks on AI features to drive demand
Arts|Business|Economy|Entertainment|Finance|Stock Markets

Wall Street banks boost Warner Bros loan to over $10 billion ahead of Paramount merger

Wall Street banks led by JPMorgan have increased the size of a loan package for Warner Bros Discovery to over $10 billion as the media company seeks to refinance debt ahead of its

Wall Street banks boost Warner Bros loan to over $10 billion ahead of Paramount merger
Arts|Economy|Environment

Trump ups Reflecting Pool renovation projections to ‘less than $20 million’ amid court fight

Trump ups Reflecting Pool renovation projections to ‘less than $20 million’ amid court fight

Trump ups Reflecting Pool renovation projections to ‘less than $20 million’ amid court fight
Business|Economy|Technology|World

US stocks edge higher following the latest U-turn for oil prices

U.S. stocks ticked higher following the latest reversal for oil prices

US stocks edge higher following the latest U-turn for oil prices
Business|Crime|Economy|US|World

Woman at center of sprawling Minnesota fraud gets nearly 42-year prison sentence

The former leader of a Minnesota nonprofit has been sentenced to nearly 42 years in prison for her role in a staggering $250 million fraud case

Woman at center of sprawling Minnesota fraud gets nearly 42-year prison sentence
Business|Economy|Finance|Technology|World

JPMorgan rolls out AI tools in investment banking globally, senior banker says

JPMorgan is implementing AI tools across its

JPMorgan rolls out AI tools in investment banking globally, senior banker says
Business|Economy|Environment|Science|Technology

Devon snaps up prime Delaware Basin acreage for $2.6 billion after Coterra merger

Shale producer Devon Energy on Thursday said it has acquired 16,300 net undeveloped acres in the core of the Delaware Basin in New Mexico for about

Devon snaps up prime Delaware Basin acreage for $2.6 billion after Coterra merger
Economy|Finance|Political|US|World

Democrats release ‘autopsy’ on 2024 US election loss but reject findings

Bowing to pressure from within its ranks, the Democratic National Committee released on Thursday its long‑withheld “autopsy” of Kamala Harris’ loss to Donald Trump in

Democrats release ‘autopsy’ on 2024 US election loss but reject findings
Business|Economy|Finance|Stock Markets|US

Brunt Workwear explores full sale or stake sale at over $1 billion, sources say

Brunt Workwear, a work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the private

Brunt Workwear explores full sale or stake sale at over $1 billion, sources say
Economy|US|World

What is GAESA, which has taken center stage in US-Cuba tensions?

U.S. Secretary of State Marco Rubio has made no bones about who he blames for Cuba's economic woes.

What is GAESA, which has taken center stage in US-Cuba tensions?
Economy|Health|Science|World

Acting head of US NIH infectious disease institute has left, senators say

The acting director of the U.S.

Acting head of US NIH infectious disease institute has left, senators say
Business|Economy|Finance|Stock Markets|Technology|World

Wall St indexes end slightly higher as investors focus on Mideast peace hopes 

Wall Street's three main indexes closed slightly higher after Thursday's choppy session as oil prices lost ground, with some officials citing

Wall St indexes end slightly higher as investors focus on Mideast peace hopes 
Business|Economy|Europe|Technology

Stellantis unveils $70 billion strategy pivot under Filosa, with blitz of 60 new products

Stellantis on Thursday laid out a 60 billion euro ($70 billion) strategy that marks a shift under new

Stellantis unveils $70 billion strategy pivot under Filosa, with blitz of 60 new products