Oil tanker arrives in South Korea after passing through the Strait of Hormuz in April
Oil tanker arrives in South Korea after passing through the Strait of Hormuz in April A South Korean refinery says a tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast after passing through the Strait of Hormuz in mid-April ByAHN YOUNG-JOON Associated Press May 8, 2026, 12:54 AM 1:39 A […]
Japan’s Sony reports declining profit but expects a record for this year
Japan’s Sony reports declining profit but expects a record for this year Japanese electronics and entertainment giant Sony has reported a 3.4% drop in its annual profit but projects a comeback to record profits for the current fiscal year ByYURI KAGEYAMA AP business writer May 8, 2026, 1:27 AM 1:39 FILE – A logo of […]
Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs
Trump says EU has until July 4 to approve last year’s trade deal or it will face higher tariffs President Donald Trump says goods from the European Union will face higher tariff rates if the 27-member bloc fails to approve last year’s trade framework by July 4 ByJOSH BOAK Associated Press May 7, 2026, 3:19 […]
Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court
Federal court rules against new global tariffs Trump imposed after loss at the Supreme Court A federal court has ruled against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court ByThe Associated Press May 7, 2026, 5:42 PM 1:39 President Donald Trump adjusts his microphone while speaking […]
Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war
Alarmed ASEAN leaders adopt crisis plan to mitigate backlash from Middle East war Southeast Asian leaders have adopted in an annual summit a contingency plan to mitigate the impact of the Iran war on their people and economies but acknowledged it will be difficult to enforce complex steps like establishing a regional fuel reserve to… […]
US long-term mortgage rate bounce back to levels seen 4 weeks ago
US long-term mortgage rate bounce back to levels seen 4 weeks ago The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries ByALEX VEIGA AP business writer May 7, 2026, 12:02 PM 2:27 FILE – A for […]
Whirlpool has been rattled by rising costs and that now means higher prices for customers
Whirlpool has been rattled by rising costs and that now means higher prices for customers With the war in Iran and economic concerns putting pressure on consumers and how they spend their money, Whirlpool is having to adjust to Americans delaying big-ticket purchases while also raising prices to help stabilize its North American business ByMICHELLE […]
Cofounder of British fashion brand Superdry sentenced to 8 years in prison for rape
Cofounder of British fashion brand Superdry sentenced to 8 years in prison for rape The cofounder of the British fashion brand Superdry has been sentenced to eight years in prison for raping a woman following a night of drinking ByThe Associated Press May 7, 2026, 10:36 AM 2:27 Co-founder of clothing firm Superdry James Holder, […]
US jobless claim applications rise to 200K but remain historically low
US jobless claim applications rise to 200K but remain historically low U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds ByMATT OTT AP business writer May 7, 2026, 8:42 AM 2:27 A hiring sign is displayed at a restaurant, in Niles, Ill., Tuesday, April […]
Emirates CEO says jet fuel costs ‘well hedged’ through 2029
Emirates CEO says jet fuel costs ‘well hedged’ through 2029 Emirates has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs ByThe Associated Press May 7, 2026, 8:15 AM 2:27 FILE — In this March 22, 2017 file photo, an […]
