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How Keir Starmer could be replaced as UK prime minister after Labour suffers local election drubbing23:13 U.K. Prime Minister Keir Starmer is facing a potential battle to remain in office after his Labour Party suffered a calamitous set of election results last week Kuwait accuses Iran of sending Revolutionary Guard team to attack an island in nation23:13 Kuwait has accused Iran of sending an armed Revolutionary Guard team to launch a failed attack on an island in the Middle East nation Global shares mostly drop amid Iran war worries and surging oil prices23:13 Global shares are trading mostly lower as optimism encouraged by a record rally on Wall Street clashed with pessimism over oil prices and a potential AI bubble Shipping industry fears fuel shortages as Iran war squeezes bunker fuel supply23:13 The global maritime industry is facing a looming shortage of the fuel that powers ships as the Iran war chokes off a key shipping lane in the Strait of Hormuz In a trial pitting him against Elon Musk, nobody has more to lose than OpenAI CEO Sam Altman23:13 In a trial featuring a clash between Elon Musk and OpenAI CEO Sam Altman, neither of the tech titans has emerged as an overly sympathetic character How major US stock indexes fared Wednesday 5/13/202622:42 A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation United flight attendants ratify 5-year contract with 31% pay hike and boarding pay19:29 United Airlines flight attendants have approved a new labor contract, marking their first pay increases in six years China's Alibaba reports 38% jump in AI and cloud revenue as it races to grow17:20 China's Alibaba has reported accelerating AI and cloud revenue growth driven by the AI boom, which has jumped 38% in the January-March quarter compared to the year before Malaysia says it can do little to stop Iranian-linked oil transfers near its water15:43 Malaysia’s maritime agency says it has limited ability to stop Iranian-linked tankers from transferring oil to other ships off its coast A timeline of the Baltimore bridge collapse that killed 6 people15:11 The operator of the cargo ship that hit Baltimore’s Francis Scott Key Bridge faces criminal charges for actions before and after the crash that killed six people over two years ago Wholesale prices jump 6% as energy prices soar, raising pressure on US companies to pass along costs to consumers15:11 Wholesale prices jump 6% as energy prices soar, raising pressure on US companies to pass along costs to consumers Tax cuts collide with inflation as voters weigh Trump's economy in the midterms12:29 Republicans want voters to think of working-class tax cuts when they weigh the economy and the 2025 law that President Donald Trump calls his “big beautiful bill.” Asian shares trade mixed as AI excitement fades and war worries continue10:52 Asian shares are trading mixed, as the enthusiasm over AI and other technology stocks gradually faded, braking Wall Street’s record-setting run Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency10:19 President Donald Trump is set to land in Beijing on Wednesday for a highly-anticipated summit with Chinese leader Xi Jinping |
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