SANTIAGO, Chile (AP) — Chile’s Congress on Tuesday approved nearly all of the remaining changes to a sweeping tax and economic overhaul package promoted by President José Antonio Kast, delivering a legislative victory to the conservative leader and his efforts to stimulate growth in one of Latin Ame
WASHINGTON (AP) — A planned joint U.S.-Canada ceremony Friday celebrating the opening of the Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, is no longer expected to take place after President Donald Trump announced a 50% tariff on most Canadian goods. In announcing the tar
By Scott Murdoch SYDNEY, July 22 (Reuters) – Australia’s corporate regulator said on Wednesday it would increase its regulatory oversight of auditors following the KPMG leak scandal. The Australian Securities and Investments Commission (ASIC) said in a letter sent to about 2,900 auditors it would es
SINGAPORE, July 22 (Reuters) – The yen was pinned near an almost four-decade low on Wednesday as rising oil prices and U.S. Treasury yields hoisted the dollar and left traders on edge about possible Japanese intervention. On Tuesday in New York trade, the yen hit 163.24 per dollar, its weakest point
July 22 (Reuters) – Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55%, o
By Makiko Yamazaki TOKYO, July 22 (Reuters) – Japan’s imports jumped to a record high in June, government data showed on Wednesday, as a weak yen and soaring oil prices drove up import costs and inflation, leaving the central bank in a policy bind. The swelling import bill has become a growing conce
NASTEX 2026 Opens in Damascus as Syria Seeks To Revive Textile Industry By Rizik Alabi / The Media Line [DAMASCUS] The NASTEX 2026 international textile exhibition opened in Damascus on Saturday, bringing together more than 300 companies from over 20 countries as Syria looks to revive its textile in
By Jamie McGeever ORLANDO, Florida, July 21 (Reuters) – World stocks rallied sharply on Tuesday, with strong gains in semiconductor shares more than offsetting any angst about the U.S.-Iran war and rising oil prices, while the Japanese yen slumped to its lowest level against the dollar in 40 years.
By Danielle Kaye NEW YORK, July 21 (Reuters) – Nike is trying to lure back shoppers in China by controlling how its products are sold online, directing consumers to official Nike channels as the American sportswear giant continues to lose ground to domestic rivals. By restricting wholesale distribut
The wreckage from a Pan Am plane crash in the ocean 74 years ago that helped lead to requirements for the passenger safety briefings on every flight today has been found off the coast of Puerto Rico. The talks flight attendants deliver about how to inflate a life vest or find the exits on a plane th
CAPE CANAVERAL, Fla. (AP) — A two-armed space robot blasted off on a private salvage operation Tuesday to slap life-extending jetpacks on old satellites running low on fuel thousands of miles up. It’s the second satellite-saving mission to launch this month, all part of a growing, money-saving effor
July 21 (Reuters) – The U.S. Treasury Department has raised concerns about several Wall Street tax strategies, saying it may be “too good to be true”, Bloomberg News reported on Tuesday. Treasury officials told an industry gathering in New York that some of these products may be abusive and said it
July 21 (Reuters) – Trading platform Interactive Brokers reported a 35% rise in second-quarter profit on Tuesday, bolstered by elevated trading activity due to a sharp rally in U.S. equity markets during the period. The S&P 500 and Nasdaq posted strong gains during the April-to-June quarter as inves
By Raphael Satter WASHINGTON, July 21 (Reuters) – Hacking gang Anubis claimed credit on Tuesday for an attack on Coca-Cola-owned dairy company fairlife, threatening to publish stolen data unless it received an unspecified ransom. The group made the claim on its dark web site, saying it had stolen 1
July 21 (Reuters) – Alaska Air on Tuesday forecast third-quarter profit below Wall Street estimates as renewed U.S.-Iran fighting drove fuel prices higher, sending the carrier’s shares down about 2% in extended trading. The Seattle-based airline expects to break even or post adjusted profit of up to
July 21 (Reuters) – Property and casualty insurer Chubb reported a rise in second-quarter profit on Tuesday, helped by strong underwriting performance and investment returns. Demand for insurance remained firm in the quarter ended June 30, as households and businesses sought protection from large un
By Dan Catchpole FARNBOROUGH, England, July 21 (Reuters) – Hawaiian Airlines announced Tuesday that it is retiring its 19 Boeing 717s, which are all more than 20 years old, and replacing them with larger 737 Next Generation (NG) jets to keep up with growing demand for short inter-island flights begi
July 21 (Reuters) – Goldman Sachs has created a new platform as it looks to expand its private market offerings for wealthy clients, according to an internal memo seen by Reuters on Tuesday. The alternative investment platform will be led by Matt Doherty, who will continue to oversee the Wall Street
NEW YORK (AP) — Bill Gates and the staff of his charitable foundation met with convicted sex offender Jeffrey Epstein more than two dozen times even as employees expressed concerns about the reputational risk of working with him, an external review commissioned by the Gates Foundation found. The con
SANTIAGO, Chile (AP) — Weeklong rainstorms blamed on El Nino that have battered Chile have killed at least 10 people as authorities raced on Tuesday to reach more than 100,000 cut off by flash floods in what has been one of the country’s worst weather disasters in decades. Torrential rains and stron
July 21 (Reuters) – U.S. President Donald Trump’s latest slap shot aimed at Canada has sailed wide, with a 50% tariff on Canadian ice hockey sticks set to have little overall impact on the hockey-mad country. On Monday, Trump unveiled 50% tariffs on a wide range of imports from Canada, including ice
By Timothy Gardner WASHINGTON, July 21 (Reuters) – A coal council that advises the Trump administration on Tuesday urged the U.S. Department of Energy to provide financial support including loan guarantees and grants to help existing coal plants and get new ones built. President Donald Trump, who wa
By Arathy Somasekhar HOUSTON, July 21 (Reuters) – Asian refiners are seeking to ship crude oil from Saudi Arabia’s Red Sea port through the Suez Canal and around Africa after Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia. The move marks the latest redirection o
July 21 (Reuters) – Rio Tinto has agreed to transfer customers from its aluminium metal matrix composites (MMC) business to Canada’s Cymat Technologies, as the world’s largest iron ore producer exits the business, Cymat said on Tuesday. • Cymat and Rio Tinto Alcan, the miner’s aluminium division, si
By Jonathan Stempel NEW YORK, July 21 (Reuters) – Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the
FARNBOROUGH, England, July 21 (Reuters) – Planemakers and airlines have unveiled nearly 300 aircraft orders so far at Britain’s Farnborough Airshow, with Boeing edging past European rival Airbus in the race to seal deals. Industry sources, however, said that they expect dealmaking to fall short of s
By Marc Jones LONDON, July 21 (Reuters) – Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said on Tuesday. The ratings agen
CLEVELAND (AP) — Cleveland’s WNBA team doesn’t play its first game until May 2028. However, the framework is steadily being put in place. The franchise announced on Tuesday that Progressive Insurance will be the jersey patch sponsor. It will also be the first time in the WNBA that a sponsor has boug
SAN FRANCISCO (AP) — A federal judge has approved a $1.5 billion copyright settlement in which artificial intelligence company Anthropic will pay thousands of authors about $3,000 per book after using pirated copies of their works to train its Claude chatbot. District Judge Araceli Martínez-Olguín s
July 21 (Reuters) – Airbus said on Tuesday it set a 2029 adjusted operating profit target of €12 billion to €13 billion ($13.69 billion-$14.83 billion) and announced a €5 billion share buyback programme over three years. The targets would represent a near doubling of earnings from 2025 levels, as th
