UK inflation exceeds expectations in May, piling pressure on the government and Bank of England
U.K. inflation came in hotter than expected in May as consumer prices rose by an annual 8.7%, unchanged from the previous month.
‘Things will just have to be accepted as tense’: Saudi-Iran relations have a long way to go despite rapprochement efforts
The two regional powers continue to have dramatically divergent geopolitical and religious goals.
German energy prices are so high they’re driving companies to relocate, industry body says
Business conditions in Germany have created a “cocktail” of obstacles for companies, according to Siegfried Russwurm from the German Industry Federation.
Poland wants to boost its minimum wage by 20% — and it’s got economists worried
Poland’s government has proposed a record rise in the national minimum wage. Economists are worried it could exacerbate double-digit inflation.
U.S. Coast Guard to bring more ships, vessels to search for lost Titanic tourist submersible
Rescuers have been racing against the clock because even under the best of circumstances the vessel could run out of oxygen by Thursday morning.
Biden labels Chinese President Xi a dictator
Biden was speaking at a fundraiser for his reelection campaign, a day after Secretary of State Antony Blinken wrapped up his first Beijing visit.
Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
CEO Anthony Tan said the job cuts are not a “shortcut to profitability” but will enable Grab to adapt to the competitive business environment.
SoftBank to shift from ‘defense mode’ to ‘offense mode,’ says CEO Masayoshi Son
“What I am interested in most, what I am working on most, is the AI revolution. I believe that mankind is going to be exceeded by computer or AI,” said CEO Masayoshi Son.
Chinese EV maker Nio raises more than $700 million in capital injection from Abu Dhabi
Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.
From ice cream to cattle feed: Here are the winners and losers as the summer heat bears down
With temperatures hitting all-time highs, consumers are turning to ice cream and chilled drinks to beat the heat — and analysts say some sectors could benefit.
