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Kering shares jumped 10.8% in early Thursday trading after Italian newspaper Corriere della Sera reported that the luxury group was in talks to sell a building in Milan to a Qatari fund for more than 1.3 billion euros ($1.43 billion)….
CAIRO/GAZA – Farah Abu Qainas hoped to become a teacher but an Israeli air strike last year injured her so badly she lost her left leg, throwing all her future plans into doubt and adding the 21-year-old to a list…
Swiss drugmaker Novartis said on Thursday it plans to spend $23 billion to build and expand 10 facilities in the U.S., as it grapples with renewed threats of drug import duties from the Trump administration. Novartis said it plans to…
ABIDJAN – Ivory Coast, the world’s biggest cocoa producer, could take measures to make the product more expensive if tariffs proposed by U.S. President Donald Trump go into effect, the West African country’s agriculture minister said on Thursday. The Trump…
NEW YORK/LONDON/PARIS – Investors are preparing to step up sales of their private credit holdings, as heightened market volatility unleashed by U.S. President Donald Trump’s trade wars forces them to find new ways to raise cash, fund managers and executives…
LONDON – U.S. President Donald Trump’s decision to pause the hefty duties he had said he would impose on dozens of countries one week ago followed turmoil in financial markets that included an acute selloff in the $29 trillion Treasury…
NEW YORK -Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of U.S. President Donald Trump’s multi-front tariff war. All three major U.S. stock indexes fell sharply, forfeiting much of the previous session’s gains as growing…
LONDON – As the dust settles after a bruising week eased by U.S. President Donald Trump’s tariff pause, the takeaway from global investors is loud and clear: market turbulence is here to stay. In a stunning reversal on Wednesday, Trump…
The EU is prepared to deploy its most powerful trade measures and may impose levies on U.S. digital companies if negotiations with U.S. President Donald Trump fail to end his tariff war against Europe, EU President Ursula von der Leyen…
WASHINGTON – Imposing tariffs on U.S. imports from the Philippines could affect the U.S. ally’s ability to afford U.S. weapons systems and a long-discussed $5.58 billion plan to acquire F-16 fighter jets, Manila’s ambassador to Washington told Reuters. The Philippines…
BOSTON – A federal judge blocked President Donald Trump’s administration on Thursday from revoking the temporary legal status of hundreds of thousands of Cubans, Haitians, Nicaraguans and Venezuelans in the United States. U.S. District Judge Indira Talwani in Boston issued…
A helicopter crashed in the Hudson River near lower Manhattan on Thursday afternoon, the New York City Police Department said. ABC News said fatalities had been reported, citing law enforcement sources. A New York City Police spokesman said that police…
Elon Musk’s government cost-cutting campaign at the U.S. Federal Trade Commission raises concern about exposure of confidential corporate data, say two Democratic commissioners at the agency who were fired last month by President Donald Trump. Rebecca Slaughter and Alvaro Bedoya…
WASHINGTON – The deputy director of the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives has resigned after being given the option to leave or be removed from his post, two sources familiar with the matter told Reuters on Thursday….
QAMISHLI, Syria – Syrian Kurds are set to demand a federal system in post-Assad Syria that would allow regional autonomy and security forces, a senior Kurdish official told Reuters, doubling down on a decentralised vision opposed by the interim president….
BERLIN -BMW is considering adding shifts to its Spartanburg plant in South Carolina to boost output by up to 80,000 units, executives said on an analyst call on Thursday, as carmakers brainstorm ways to appease the Trump administration and ward…
Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump’s tariffs make it more expensive to buy a vehicle. While Trump on Wednesday halted reciprocal…
SANTOS – Brazil’s Santos Port Authority, which administers the largest port in the Southern Hemisphere, said the draft of the port will be deepened to attract larger vessels in coming years. Speaking at the headquarters of the Santos Trade Association,…
Iran and Armenia were set to conclude two days of joint military exercises along their shared border on Thursday, amid tensions over Iran’s nuclear program and between longtime rivals Armenia and Azerbaijan. Armenia’s defence ministry said in a statement on…
NEW DELHI – A Pakistani-born Canadian businessman accused of helping to orchestrate the 2008 attacks in Mumbai, one of India’s deadliest, arrived in New Delhi on Thursday after the U.S. extradited him in the first such transfer in a terrorism…
El Nino-Southern Oscillation, or ENSO, neutral conditions are expected to develop and persist through the Northern Hemisphere summer, with a greater than 50% chance through August-October, the United States’ Climate Prediction Center said on Thursday. WHY IT’S IMPORTANT La Nina…
U.S. President Donald Trump has failed to persuade a federal judge to dismiss a lawsuit accusing him of making defamatory statements about five Black and Hispanic men who were wrongly convicted and imprisoned for the 1989 rape of a white…
WASHINGTON -The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward lifting green hurdles to drilling that environmental groups will likely challenge…
OTTAWA – Canadian Prime Minister Mark Carney on Thursday said he would convene a meeting of top cabinet colleagues on Friday to discuss the threat posed to the economy by U.S. tariffs. Carney, speaking to a televised press conference in…
CAIRO/GENEVA/GAZA – The bombs still haven’t killed Rehab Akhras and her family. But if the checkpoints that Israel has sealed off since the start of March are not opened soon, she says hunger surely will. Six weeks since Israel completely…
Wall Street’s main indexes fell hard again on Thursday on concerns over the impact of high tariffs on the global economy, marking a U-turn from the previous session’s historic share gains when U.S. President Donald Trump moved to temporarily lower…
MEXICO CITY -Most of the Bank of Mexico’s five governing board members agreed that the risks associated with U.S. President Donald Trump’s tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision…
The Trump administration is calling on states to request waivers that would bar food stamp recipients from buying soda and other processed foods with their benefits, according to a Thursday op-ed by U.S. health and agriculture secretaries, Robert F. Kennedy…
BOSTON -When Zaya Perysian received her new passport in the mail in late January, she knew exactly who to blame for why it listed her, a transgender woman, as male: U.S. President Donald Trump. First the California social media influencer…
BERLIN – The European Union and China have begun negotiations on the abolition of EU tariffs on imports of Chinese electric cars, German newspaper Handelsblatt reported on Thursday. EU trade commissioner Maros Sefcovic met China commerce minister Wang Wentao during…