By Ahmad Ghaddar, Enes Tunagur and Robert Harvey LONDON, Sept 1 (Reuters) – For the first time on record, Iran has gone about seven weeks without shipping meaningful crude exports through the Strait of Hormuz, as a U.S. naval blockade succeeds where years of sanctions failed by cutting off one of Te
Apple’s new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook’s 15-year tenure during which the company’s value skyrocket to $4.6 trillion thanks to the iPhone’s enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intellige
If you have a fixed sum of money to invest every month or every year, which investment account type gives you the biggest bang for your buck? There are no one-size-fits-all answers, but this framework for retirement savings is a good starting point. 1. Why: To take advantage of free money. 2. Deprio
By Mike Dolan Sept 1 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets World markets enter September with another government bond storm brewing. After Federal Reserve chief Kevin Warsh’s distinctly hawkish Jackson Hole speech on Friday, U.S
Sept 1 (Reuters) – Data centers have requested roughly as much electricity across the middle swath of the United States as it takes to power every home in the country, but much of that demand may be an illusion. In an attempt to find out what is real, Texas recently became the first major data cente
By Niket Nishant and Utkarsh Hathi Sept 1 (Reuters) – U.S. stock index futures slipped on Tuesday, extending a weak run as elevated bond yields and higher oil prices kept investors at bay at the start of a historically weak month for equities. A sharp increase in rate-hike bets has soured sentiment
BEIJING, Sept 1 (Reuters) – Chinese electric vehicle maker BYD reported rising global sales for the fourth straight month, as robust exports continued to cushion the impact of sluggish domestic demand. Total sales climbed 17.8% from a year earlier to 440,293 vehicles in August, while overseas shipme
KYIV, Ukraine (AP) — Russia launched a large aerial assault in and around Ukraine’s capital overnight into Tuesday morning, killing at least 12 people and wounding more than a dozen others, including three children, local authorities said. The strikes marked the sixth straight day of heavy Russian a
BANGKOK (AP) — Resource-rich Indonesia is expanding its production of aluminum as the Iran war disrupts supplies, relying on its abundant coal reserves to power new smelters that run contrary to efforts to curb carbon emissions that cause climate change. Prices have risen due to fuel shortfalls and
BANGKOK (AP) — Oil prices climbed further and Asian shares were mixed Tuesday as recurring violence in the Iran war after more than a month with no significant fighting heightened uncertainty over the future of the conflict. Shares in online fast-fashion retailer Shein fell as much as 10% after they
Sept 1 (Reuters) – Ford Motor is recalling 148,663 vehicles in the U.S. due to a loss of driver power and loss of headlight function or windshield washing system function, which can reduce visibility, the U.S. National Highway Traffic Safety Administration said on Tuesday. Here are some details: • T
Sept 1 (Reuters) – Tesla’s registrations across several European markets in August painted a mixed picture on Tuesday, with strong gains in France and Denmark contrasted by declines in Norway and Sweden. Registrations of new Tesla vehicles, a proxy for sales, soared 279% in France and 104% in Denmar
By Kevin Buckland TOKYO, Sept 1 (Reuters) – Japan’s benchmark 10-year bond yield struck the key 3% barrier for the first time since 1996 on Tuesday, amid a deepening global debt selloff as traders fret about oil-driven inflation, monetary tightening and worsening fiscal conditions. With the Middle E
SINGAPORE, Sept 1 (Reuters) – Japan’s benchmark bond yield hit the 3% level for the first time since 1996 on Tuesday amid a broad-based global bond selloff, underscoring how inflation, fiscal concerns and rate hikes are reshaping markets that once anchored global borrowing costs. The latest sharp se
By Dominique Patton PARIS, Sept 1 (Reuters) – France started imposing penalties on the extreme end of fast fashion on Tuesday to try to curb a surge in sales of cheap clothing sold by e-commerce sites including Shein and Temu. The penalties – part of a fast-fashion law passed in June that aims to ad
BOBO-DIOULASSO, Burkina Faso (AP) — The soil beneath Oumarou Compaoré’s boots is sandy and stony. It’s hardly the lush setting usually needed to support growing pineapples. But this farm in landlocked Burkina Faso is part of national efforts to reduce overall reliance on imports and adapt to an ever
HONG KONG (AP) — Shares in fast-fashion online retail giant Shein fell after they began trading on Hong Kong’s stock market Tuesday, after a long delay in the company’s plans to list its shares publicly. Shein raised about $1.7 billion, priced at HK$48.56 ($6.19) a share, in its initial public offer
‘Of the child safety measures agreed to in Meta’s landmark legal settlement, no category contains more detailed requirements than its commitments on age assurance — and for good reason. No matter how well the protections work, they are of little use if Meta can’t tell which users are kids. Determini
A look at the day ahead in European and global markets from Tom Westbrook Europe enters autumn with benchmark gas prices at 3-1/2-year highs and stocks at their lowest ever for the time of year on records stretching back to 2011. Winter will be a gamble because a scramble for gas, with Qatar’s suppl
Sept 1 (Reuters) – WPP is cutting up to 1,000 more jobs by year-end as Britain’s biggest advertising group accelerates a restructuring programme under new chief Cindy Rose, the Financial Times reported on Tuesday, citing people familiar with the matter. Rose in February set out her plan to return t
By Leika Kihara ASHEVILLE, North Carolina, Aug 31 (Reuters) – When the U.S. joined Japan’s efforts to shore up the yen, it wasn’t for nothing. This week, U.S. Treasury Secretary Scott Bessent spelt out the terms: get busy on interest rate hikes and end outdated ideas about big economic stimulus. A m
By Sheila Dang and Marianna Parraga HOUSTON, Aug 31 (Reuters) – An unprecedented deal for the U.S. to gain access to a fifth of Venezuela’s oil reserves – and the central role a Venezuelan businessman will play – is prompting questions and hesitation from some oil companies evaluating potential inve
By Leika Kihara Sept 1 (Reuters) – Surging global demand for AI hardware kept Asia’s factories humming in August, private surveys showed on Tuesday, brightening prospects for the export-reliant region even as the prolonged Middle East war fuels uncertainty and rising costs. China, Japan and South Ko
WASHINGTON (AP) — The White House on Monday said it’s partnering with North American Blue Energy Partners as part of President Donald Trump ’s push to tap into Venezuela’s oil industry, setting up a deal that will give the Pentagon a stake over roughly a fifth of the country’s vast oil reserves. The
HONG KONG, Sept 1 (Reuters) – Shares in fast fashion giant Shein were set open flat in their Hong Kong market debut on Tuesday, hurt by numerous setbacks that have long delayed its listing and undermined the foundations of its business. Known globally for selling $5 tops and $10 dresses, Shein has b
Iran Targets UAE, Jordan Bases After US Larak Island Strike By The Media Line Staff Iran launched attacks on US and allied military targets in the region in response to American strikes on Larak Island in the Strait of Hormuz on Sunday night, as fighting between the two countries resumed for the fir
SINGAPORE, Sept 1 (Reuters) – Selling drove global bond yields to major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices above $90 a barrel and put pressure on stock markets around the world. The 10-year U.S. Treasury yield, a benchmark for prices across asset classes, r
(AP) ASHEVILLE, North Carolina — Treasury Secretary Scott Bessent is meeting with finance ministers from the world’s largest economies this week, pressing an agenda centered on economic growth, energy security and stronger financial pressure on Iran. The Group of 20 meetings come as the Trump admini
By Ankur Banerjee SINGAPORE, Sept 1 (Reuters) – The yen steadied near the 160-per-dollar level on Tuesday after U.S. Treasury Secretary Scott Bessent ramped up pressure on the Bank of Japan to hike rates later this month, while currency markets kept a wary watch on renewed attacks in the Middle East
An Oklahoma man has been charged with murder following a large explosion at a marijuana extraction facility that killed two of his employees and damaged surrounding businesses, prosecutors said Monday. Ryan Bassham, 35, turned himself in this weekend after being charged with two counts of first-degr
