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Business

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U.S. stocks restricted by tensions in Middle East
U.S. stocks close mixed Friday amid Mideast uncertainty

NEW YORK, New YorK - U.S. stocks closed mixed on Friday, with gains and losses modest, as investors and traders weighed up the escalation...

US consumers cut back after early surge ahead of Trump tariffs
US retail sales drop in May amid post-tariff spending slowdown

WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...

Mitsubishi joins automakers raising prices after import tariffs
Mitsubishi to hike U.S. car prices 2.1% amid Trump tariffs

WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...

Lilly makes $1.3 billion move to expand into gene-edited heart drugs
Lilly to buy Verve for $1.3 billion in heart gene therapy expansion

INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...

New Zealand PM seeks stronger ties with China amid security talks
New Zealand PM Luxon in China to boost trade and tourism

BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...

U.S. on edge as Israel-Iran conflict escalates
Dow Jones drops 44 points as Wall Street takes a breather

NEW YORK, New York - U.S. stocks made only minor moves in both directions,Thursday, as investors fretted about the Israel-Iran conflict...

International

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Drug shortages and layoffs spark health crisis in Argentina
Milei's austerity cuts cripple Argentina's public health system

BUENOS AIRES, Argentina: Since taking office in December 2023, Argentine President Javier Milei has implemented sweeping austerity...

Volcanic ash grounds flights to Indonesia, disrupts travel to Bali
Indonesia's Mount Lewotobi erupts, forcing village evacuations

LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....

REE misjudgment caused April blackout, says Spain's energy chief
Spain blames blackout on miscalculation by power grid operator

MADRID, Spain: A routine oversight by Spain's power grid operator, REE, has been identified as the trigger behind the large-scale blackout...

Trump gives himself a fortnight to decide on joining Netanyahu's war
Trump delays decision to go to war against Iran for two weeks

WASHINGTON, DC - In a bid to defuse speculation, U.S. President Donald Trump says he will make his decision on whether to have the...

U.S. abandons inter-agency effort to pressure Moscow on Ukraine
Trump admin quietly shutters Russia pressure group, sources say

WASHINGTON, D.C.: A quiet shift inside the Trump administration has stalled a key diplomatic initiative aimed at pushing Russia toward...

Investigators examining Black Boxes recovered from Air India Boeing
India probes Dreamliner crash with recovered black box data

NEW DELHI, India: Indian investigators are examining the black boxes from a Boeing 787 Dreamliner to determine the cause of a catastrophic...

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