Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar. Imaginima | E+ | Getty Images A protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash…
Apple CEO Tim Cook, left center, escorts President Donald Trump as he tours Apple’s Mac Pro manufacturing plant in Austin, Texas, Nov. 20, 2019. Tom Brenner | Reuters The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone. Last week, Trump said he…
Mark Poynting and Esme Stallard BBC Climate & Science Getty Images The world’s tropical forests, which provide a crucial buffer against climate change, disappeared faster than ever recorded last year, new satellite analysis suggests. Researchers estimate that 67,000 sq km (26,000 sq mi) of these pristine, old-growth forests were lost in 2024 – an area…
Former FBI director James Comey is being investigated by the Secret Service after he shared then deleted a social media post, which Republicans alleged was an incitement to violence against President Donald Trump. Comey posted on Instagram a photo of seashells that spelled the numbers “8647”, which he captioned: “Cool shell formation on my beach…
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…
