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War worsens Lebanon's economic crisis with job losses, price gouging16:36 The latest war between Israel and Hamas, and the closure of the Strait of Hormuz, have sent economic shock waves across the Mideast Starbucks to lay off 300 US corporate workers and close regional offices16:04 Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround Winner pays $9M in charity auction for lunch with Warren Buffett, Stephen Curry14:28 Someone paid more than $9 million to have lunch with basketball player Stephen Curry and Warren Buffett, and the legendary investor also promised to match the winning bid so both their favorite charities will benefit Trump says he hasn't determined whether to move forward on major arms package for Taiwan after summit with China's Xi14:28 Trump says he hasn't determined whether to move forward on major arms package for Taiwan after summit with China's Xi Takeaways from Fed chair Jerome Powell's legacy14:27 When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs Norway defends its decision to cancel missile system sale to Malaysia13:55 Norway's foreign ministry confirms it has revoked export licenses for a naval missile system to Malaysia, restricting sales of sensitive defense technologies to allies and close partners BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East13:55 A two-day meeting of BRICS foreign ministers in New Delhi has ended without a joint statement due to differing views on the Middle East Powell's legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump13:55 When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs Asian stocks are lower after South Korea's Kospi hits records, as Trump wraps up Beijing trip8:32 Asian stocks are mostly lower and South Korea's Kospi has given up gains after reaching an all-time high and crossing the 8,000 mark for the first time Iran war energy shock drives interest in ethanol and other biofuels across hard-hit Asia8:32 Nations across Asia are pushing for the use of more biofuels in transportation in order to slash dependence on imported fossil fuels, which have been disrupted by the Iran war Canada aims to double electric grid by 2050 with clean energy, lower costs for users6:56 Canadian Prime Minister Mark Carney unveils a clean electricity strategy aimed at doubling Canada’s electricity grid by 2050 |
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