People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images The U.S. Federal Reserve at its May 7 meeting warned that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up —…
A photo showing the logo of Swiss pharmaceutical giant Roche in Basel. SEBASTIEN BOZON | AFP | Getty Images Swiss pharmaceutical giant Roche on Tuesday said that it would invest $50 billion in the U.S. over the next five years, amid concerns about the impact of possible new White House tariffs on pharma goods from…
Ukraine started today with, for once, the diplomatic wind in its sails. It had finally agreed a mineral deal “framework” with Washington. An agreement that would see the US invest in Ukraine’s recovery, in return for a share of the country’s future profits from its natural resources, energy infrastructure and its oil and gas. There…
US President Donald Trump inspects a Guard of Honour at Buckingham Palace on June 3, 2019 in London, England. Toby Melville | Getty Images U.K. Business Secretary Jonathan Reynolds said the country faces a “threat” to its open economy from any global fallout from Trump’s new tariffs regime, which included a baseline 10% “reciprocal” tariff…
“It is a place we can go to see not just fine art, but to present the complexities of life and allow us to be more reflective and to grow,” said Ruth Mayer, a Miami Beach resident, who came to the meeting with her Israeli-born husband, Akiva Gross. “It doesn’t mean you have to walk…
In an aerial view, a Volkswagen assembly plant is seen on April 19, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images News | Getty Images Porsche‘s CEO Oliver Blume on Wednesday said the company could lean into its partnership with Volkswagen — which has its own U.S. manufacturing base — as it braces for…
Getty Images Sweden’s security service said Russia’s activities were mainly aimed at undermining Nato cohesion Russia poses the greatest threat to Sweden due to its aggressive attitude towards the West, the Scandinavian nation’s security service Sapo has said. It wrote in its annual report that while Sweden joining the Nato military alliance had strengthened its…
John Sudworth Senior North America correspondent Watch: Trump has put unjustified tariffs on Canada, says Mark Carney Mark Carney’s thumping victory in the race to succeed Justin Trudeau makes him not only leader of the Liberal Party but, by default, the next Canadian prime minister. It’s an extraordinary result for a man with very little…
Hugh Bachega BBC Middle East correspondent•Beirut Getty Images In January, days after the first-month anniversary of the fall of the Assad regime in a lightning Islamist-led rebel offensive in Syria, a group of young men – some of them armed – were gathered, checking their phones in the nearly empty interior ministry headquarters in Damascus….
Soldiers escort a man who authorities identified as Omar Trevino Morales, alias “Z-42,” leader of the Zetas drug cartel, as he is moved from a military plane to a military vehicle at the Attorney General’s Office hangar in Mexico City, March 4, 2015. Eduardo Verdugo | AP Mexico extradited 29 drug cartel members to the…
