Sat, 17 May 2025

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Business

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Sweden backs EU entry into Pacific trade bloc
Sweden to propose EU membership of Pacific rim free trade group CPTPP

STOCKHOLM, Sweden: Sweden plans to propose that the European Union join the Pacific Rim trading bloc, the CPTPP, aiming to create the...

Wall Street surges with major indices making weekly gains
Dow Jones closes 332 points higher Friday amid weekly gains

NEW YORK, New York - U.S. stocks closed higher Friday with all the major indices capping weekly gains in the process. Markets are...

US Energy Department plans major regulatory rollback
Trump's Energy Department unveils broad rule changes to cut red tape

WASHINGTON, D.C.: The U.S. Department of Energy has announced plans to eliminate or amend more than 40 regulations as part of President...

US inflation slows to 4-year low as food prices fall, rents rise
Lower food prices tame US consumer inflation in April

WASHINGTON, D.C.: In April, U.S. consumer prices went up slightly. Rent costs increased, but food prices went down, which helped keep...

US sees absolute decline in international visitor spending
Foreign travel spending in US to decline 7% in 2025, report says

NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...

Mixed close for U.S. stocks Thursday, dollar mostly lower
Dow Jones jumps 272 points as Nasdaq Composite dips 34 points

NEW YORK, New York - U.S. stocks were mostly higher Thursday, although the Nasdaq Composite finished modestly behind. This is a market...

New York

Section
Goldman Sachs fined $1.45 million for trade reporting failures
Goldman Sachs fined for failing to properly report billions of trades

NEW YORK CITY, New York: Goldman Sachs has agreed to pay a US$1.45 million civil penalty to resolve allegations from the Financial...

Firefighters’ union demands probe into soaring fire truck costs
As fire truck prices hit $2 million, US firefighters demand probe

WASHINGTON, D.C.: The largest firefighters' union in the United States is calling for federal antitrust authorities to investigate...

US sees absolute decline in international visitor spending
Foreign travel spending in US to decline 7% in 2025, report says

NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...

Citing history, US appeals court upholds ban on gun for felons
US appeals court upholds federal ban on felons owning guns

PASADENA, California: A U.S. appeals court late last week upheld a federal law that stops felons from owning guns. The court rejected...

Eli Lilly’s Zepbound outperforms Wegovy in obesity drug study
Zepbound beats Wegovy for weight loss in trial of blockbuster drugs

INDIANAPOLIS, Indiana: Eli Lilly's obesity drug Zepbound led to nearly 50 percent more weight loss than Novo Nordisk's Wegovy in the...

Equinor may scrap $2.5 billion Empire Wind project over US delays
Offshore wind project for New York may be abandoned

NEW YORK CITY, New York: Norwegian energy company Equinor is on the brink of terminating its US$2.5 billion Empire Wind project in...

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