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Business

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US to hike tariffs on EU cars and trucks to 25%, Trump says
US to hike tariffs on EU cars and trucks to 25%, Trump says

WASHINGTON, D.C.: U.S. President Donald Trump said on May 1 that he plans to raise tariffs on cars and trucks imported from the European...

Unilever plans small, frequent price hikes amid rising costs
Unilever plans small, frequent price hikes amid rising costs

LONDON, U.K.: Unilever is preparing to introduce gradual price increases across parts of its business as rising costs linked to the...

Buffett steps back as Greg Abel leads Berkshire meeting
Buffett steps back as Greg Abel leads Berkshire meeting

OMAHA, Nebraska: Berkshire Hathaway's annual shareholder gathering will look much the same this year, but for the first time in decades,...

Rising fuel costs push US inflation to three-year high
Rising fuel costs push US inflation to three-year high

WASHINGTON, D.C.: A sharp rise in fuel costs pushed a key U.S. inflation measure to its highest level in nearly three years in March,...

Wall Street steady near peak as oil prices surge, then retreat
Wall Street steady near peak as oil prices surge, then retreat

NEW YORK CITY, New York: U.S. stocks hit new record highs this week, even as oil markets saw sharp swings driven by ongoing tensions...

Wall Street divided Friday, but Nasdaq gains 222 points
Wall Street divided Friday, but Nasdaq gains 222 points

NEW YORK, New York - World stock markets closed with a split personality on Friday, as technology-heavy indexes posted solid gains...

Middle East

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Trump administration says Iran war ‘terminated’ before 60-day deadline
Trump administration says Iran war ‘terminated’ before 60-day deadline

WASHINGTON, D.C.: Pushing an interpretation that would allow the White House to avoid seeking congressional approval, the Trump administration...

Unilever plans small, frequent price hikes amid rising costs
Unilever plans small, frequent price hikes amid rising costs

LONDON, U.K.: Unilever is preparing to introduce gradual price increases across parts of its business as rising costs linked to the...

US wants international coalition to reopen Strait of Hormuz
US wants international coalition to reopen Strait of Hormuz

WASHINGTON, D.C./DUBAI/ISLAMABAD: With oil prices surging to their highest in more than four years, amid fears of longer-term disruptions...

UAE quits OPEC, raising questions over future oil price control
UAE quits OPEC, raising questions over future oil price control

FRANKFURT, Germany: The United Arab Emirates' decision to leave OPEC marks one of the most significant shifts in the global oil market...

Europe faces jet fuel squeeze as Middle East supplies halt
Europe faces jet fuel squeeze as Middle East supplies halt

LONDON, U.K.: Europe is facing growing concerns over jet fuel supply as shipments from the Middle East, its largest external source,...

Israel's president says he’s in no hurry to pardon Netanyahu
Israel's president says he’s in no hurry to pardon Netanyahu

JERUSALEM, Israel: Israel's president signaled that he was in no hurry to consider Prime Minister Benjamin Netanyahu's request for...