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Tue, May 19, 2026 02:26 AM All times are UTC

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Luxury Car Sales in the Middle East Take a Hit Amid Iran War

Mar 30, 2026 06:56 am UTC| Business

The Middle East has long been one of the most lucrative markets for luxury automakers. Although it represents less than 10% of total sales volume for most high-end brands, the region delivers outsized profits largely due...

Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment

Mar 30, 2026 06:07 am UTC| Business

Jefferies has upgraded Sodexo SA (EPA: EXHO) from hold to buy, lifting its price target from 41 to 55, citing renewed optimism following the French food services giants appointment of its first external chief executive in...

Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal

Mar 30, 2026 05:55 am UTC| Business Health

Eli Lilly has entered a landmark drug discovery partnership with Insilico Medicine, a Hong Kong-listed biotechnology company, in an agreement that could be worth up to $2.75 billion. The deal signals a major step forward...

Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate

Mar 30, 2026 05:51 am UTC| Business Governance

Europes aviation industry has reached a major environmental milestone, meeting and potentially exceeding its 2% sustainable aviation fuel (SAF) requirement for 2025. According to a regulatory official and a senior EU...

Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations

Mar 30, 2026 01:39 am UTC| Business

Australias troubled casino operator Star Entertainment Group has locked in a binding $390 million refinancing commitment from funds linked to U.S.-based private credit firm WhiteHawk Capital Partners, offering the company...

McDonald's and Restaurant Brands International Face Headwinds Amid Iran Conflict and Rising Costs

Mar 29, 2026 08:44 am UTC| Business

Global fast-food leaders McDonalds Corporation (NYSE: MCD) and Restaurant Brands International (NYSE: QSR) are confronting a challenging business landscape as the ongoing Iran war disrupts supply chains and dampens...

Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth

Mar 29, 2026 00:49 am UTC| Business Economy

Large-cap U.S. corporations are sitting on record cash reserves while simultaneously pouring money back into their businesses at an unprecedented pace. According to Morgan Stanleys latest benchmark report on Q4 2025 data,...

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Economy

Australian Consumer Sentiment Improves Slightly as Fuel Prices Ease

Australias consumer sentiment showed a modest recovery in May as lower fuel prices offered temporary relief to households facing ongoing financial pressure. The Westpac-Melbourne Institute Consumer Sentiment Index...

Dollar Slips as Bond Market Stabilizes Amid Iran Tensions and Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as the global bond market sell-off showed signs of slowing, while investors remained cautious over ongoing geopolitical tensions between the United States and Iran. The U.S. Dollar Index,...

New Zealand Budget 2026: Government Plans Major Public Service Job Cuts Ahead of Election

New Zealands government is preparing deep public sector spending cuts as it aims to strengthen its economic reputation before the countrys closely contested November 2026 election. Finance Minister Nicola Willis announced...

Asian Markets Waver as Trump Delays Iran Strike, Oil Prices Retreat

Asian stock markets traded cautiously on Tuesday as investors reacted to U.S. President Donald Trumps decision to postpone a planned military strike on Iran, easing fears of an immediate escalation in the Middle East...

Japan Economy Beats Q1 Forecasts Despite Iran War Energy Shock

Japans economy expanded faster than expected in the first quarter of 2026, driven by resilient exports and steady consumer spending, even as rising oil prices and the escalating Middle East crisis threaten future growth....

Politics

Bessent Urges G7 to Strengthen Iran Sanctions Amid U.S.-China Talks

U.S. Treasury Secretary Scott Bessent announced on Monday that he plans to encourage G7 finance ministers to strengthen and maintain a coordinated sanctions regime aimed at cutting off funding tied to Irans military...

Rick Fox Appointed to Bahamian Senate After Election Loss

Former NBA champion Rick Fox has officially joined the Bahamian Senate after being appointed by the opposition Free National Movement (FNM). The announcement came shortly after Fox failed in his campaign to secure a seat...

Trump-Backed “Rededicate 250” Event Sparks Debate Over Religion and Politics in America

A major faith-based event supported by the Trump administration drew thousands of attendees on Sunday, celebrating Americas religious heritage while also triggering criticism over church-state separation and lack of...

Samsung Faces Major Strike Threat as Union Restarts Pay Talks

Samsung Electronics and its South Korean labor union resumed government-mediated wage negotiations on Monday in an effort to prevent a large-scale strike that could disrupt the global semiconductor supply chain. The...

G7 Finance Ministers Meet in Paris Amid Global Trade and Economic Tensions

Finance ministers from the G7 nations gathered in Paris on Monday to address rising global economic tensions, supply chain risks, and critical mineral dependence as geopolitical divisions continue to challenge the groups...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission

A U.S. jury has ruled that OpenAI is not liable in a lawsuit brought by Elon Musk, marking a major legal victory for the artificial intelligence company. The verdict was delivered Monday in a federal court in Oakland,...

Samsung, Union Edge Closer to Deal as Strike Threat Looms

Samsung Electronics and its South Korean labor union are reportedly making progress in negotiations aimed at preventing what could become the largest strike in the companys history. According to a report from Yonhap...

Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest AI model, Mythos, with members of the Financial Stability Board (FSB),...

TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower

Shares of Vanguard International Semiconductor (TWO:5347) dropped sharply on Monday after Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to reduce its ownership stake in the chipmaker. Vanguard shares...

CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge

Changxin Memory Technologies (CXMT), Chinas leading memory chip manufacturer, expects first-half revenue to climb between 110 billion yuan and 120 billion yuan ($17.62 billion), according to its updated IPO prospectus. The...