HONG KONG (AP) — Asian shares were mostly lower on Monday and South Korea’s Kospi fell 4.5% as investors unloaded more stocks linked to artificial intelligence. Japan’s markets were closed Monday for a holiday. U.S. futures edged lower. Oil prices jumped as the U.S. and Iran moved closer to resuming
By Joe Brock FARNBOROUGH, England, July 20 (Reuters) – Lockheed Martin announced a lower-cost Patriot interceptor on Monday as militaries seek cheaper ways to counter drones and missiles, while defense contractors face competition from startups making low-cost weapons that can be produced at scale.
RAMALLAH, West Bank (AP) — Picture this: A gas station customer pulls out a wad of bills to pay for a fill-up. The cashier refuses the money, explaining that the station’s bank has stopped accepting notes and coins as deposits because it already is drowning in cash. In most places, cash is king. But
LONDON (AP) — The moment for Andy Burnham has finally come. After weeks as U.K. prime minister-in-waiting, Burnham will take office on Monday, succeeding the departing Keir Starmer, and Britain’s political turbulence will give way, at least temporarily, to smooth choreography. Burnham will become th
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments. The numbers have spiked since payments came due again following a lengthy pause intended to provide relief during the COVID-19 pandemic. Today, around 9.5 million pe
Life after college did not go as Ashley Dreahn planned. After starting out as a teacher, she went back to school — and took out more loans — in hopes of landing a higher-paying job in the chemical processing industry. It never materialized, and then came Hurricane Harvey, a job loss and a car breakd
DUBAI, United Arab Emirates (AP) — The United States conducted a new round of airstrikes early Monday targeting Iran after announcing the death of another American service member, hitting around a northwestern city believed to be home to underground missile bases. Iran responded by launching an atta
By Conor Humphries DUBLIN, July 20 (Reuters) – Ryanair’s profit slumped by a third on higher fuel costs and weaker fares in the three months to the end of June, the airline said on Monday, while summer fares looked set to fall amid consumer nervousness around the Iran war and broader economy. The we
By Aditi Shah NEW DELHI, July 20 (Reuters) – For some 40 years, Suzuki cars dominated India’s roads. The Japanese company’s relentless focus on keeping prices and running costs low put millions of people behind the wheel. Hatchbacks made by its Indian arm Maruti Suzuki commanded between half and fou
A look at the day ahead in European and global markets from Wayne Cole. As Spain was hoisting the World Cup, the U.S. military was starting its ninth straight day of attacks on Iran, which in turn was striking targets across the region. Just a handful of ships transited the Strait of Hormuz on Sunda
By Ozan Ergenay and Bartosz Dabrowski July 20 (Reuters) – European chemical companies are expected to report second-quarter results reflecting temporary support from Middle East conflict-related supply disruptions, though investors are increasingly focused on whether the uplift can counter weak dema
By Joanna Plucinska and Dan Catchpole FARNBOROUGH, England, July 20 (Reuters) – Farnborough Airshow opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East. Planemakers are expected
July 20 (Reuters) – Models of battery electric vehicles (BEVs) became more affordable in Germany between 2020 and 2025, data from research organizations the International Council on Clean Transportation and Fraunhofer ISI showed. The average BEV price, however, rose during the same period, reflectin
New Pipelines Could Turn Iraq Into a Gulf-to-Mediterranean Bridge Proposed routes through Syria and Turkey could diversify Iraqi oil exports but would require security, investment and political cooperation By Giorgia Valente / The Media Line The meeting between US President Donald Trump and Iraq’s n
By Wayne Cole SYDNEY, July 20 (Reuters) – Asian share markets slipped on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade. Brent crude climbed above $90 a barrel
By Florence Tan and Siyi Liu SINGAPORE, July 20 (Reuters) – Brent oil prices rose 2% to more than $90 per barrel on Monday, as escalating U.S.-Iran hostilities in the Middle East restricted oil shipments through the Strait of Hormuz. Brent crude futures climbed $2.09, or 2.37%, to $90.19 by 0241 GMT
By Gregor Stuart Hunter SINGAPORE, July 20 (Reuters) – The dollar made a modest advance against most of its global peers at the start of Asian trading on Monday as the conflict in the Middle East escalated, with oil prices rising and investor confidence remaining fragile after turbulence last week.
NEW YORK (AP) — Christopher Nolan’s “The Odyssey” launched with an estimated $124.5 million in domestic ticket sales and another $139.6 million from overseas, notching an even better debut than “Oppenheimer” and marking the filmmaker’s best opening since 2012’s “The Dark Knight Rises.” Nolan flexed
By Joe Brock LONDON, July 19 (Reuters) – Boeing said on Sunday it remains on track to deliver two new Air Force One jets in 2028, but meeting that target will require additional spending on a program already years behind schedule and billions of dollars over budget. Boeing was awarded a $3.9 billion
By Dan Catchpole and David Shepardson LONDON, July 19 (Reuters) – The head of Boeing’s commercial airplane unit said on Sunday that the company is focused on increasing and improving aircraft production, “not order announcement.” “Backlog is incredibly strong. Demand is not our issue. If we announce
BEIJING (AP) — A former president of the China Development Bank was put under investigation on suspicion of serious violations of party discipline and the law, the country’s top anti-graft watchdog announced on Sunday. The Central Commission for Discipline Inspection said in a one-line statement tha
SHANGHAI/BEIJING, July 19 (Reuters) – Chinese chipmaker CXMT Corp’s $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the demand was less feverish than in recent Chinese tech IPOs, reflecting caution amid a gl
SINGAPORE, July 19 (Reuters) – Meta’s Instagram and Facebook social networks appeared to suffer some outages on Sunday, with users reporting issues with the app and website. Here are the details: • According to Downdetector, there were 4,808 reports filed by Facebook users in the United States as of
DUBAI, United Arab Emirates (AP) — The United States announced another death of a service member as it launched more airstrikes at Iran on Sunday in response to the killing of U.S. troops, and Iran fired missiles toward Jordan that risked widening the conflict into neighboring Israel. Step by step,
By Tim Hepher FARNBOROUGH, England, July 18 (Reuters) – Jet engine maker CFM said on Saturday it was investing $2 billion over five years to help meet targets of faster maintenance times, part of efforts to ease engine-industry bottlenecks that have drawn fire from airlines. The world’s largest engi
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
By Valerie Volcovici and Lisa Baertlein July 18 (Reuters) – Opponents of the rapid buildout of data centers plan to hold protests on Saturday in at least 125 locations across the United States, the first coordinated national effort to channel anger at the AI infrastructure expansion that has ramped
NEW YORK (AP) — America’s first billionaire president may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain posts on his Truth Social platform. Donald Trump’s struggling media company plans to sell Wall Street traders the chance to see post
By Dan Catchpole FARNBOROUGH, England, July 18 (Reuters) – Boeing maintained its forecast for strong global demand for new commercial aircraft over the next 20 years, according to the U.S. planemaker’s market projection released in England on Saturday, ahead of the Farnborough Airshow. The U.S. plan
By Padmanabhan Ananthan July 17 (Reuters) – Abbott Laboratories is investigating two cyber incidents involving unauthorized access to some internal systems at its cancer diagnostics business and its LabCentral portal, the company said on Friday, adding that its operations were not affected. No other
