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UBS: Over 379,000 Americans became millionaires last year
US gained 1,000 new millionaires a day in 2024, says UBS

ZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire...

US consumers cut back after early surge ahead of Trump tariffs
US retail sales drop in May amid post-tariff spending slowdown

WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...

Volcanic ash grounds flights to Indonesia, disrupts travel to Bali
Indonesia's Mount Lewotobi erupts, forcing village evacuations

LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....

New Zealand PM seeks stronger ties with China amid security talks
New Zealand PM Luxon in China to boost trade and tourism

BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...

New banquet rules in China after deaths, part of Xi’s crackdown
China limits civil servant dining groups to curb alcohol abuse

BEIJING, China: Chinese civil servants are now facing stricter rules on dining together, with some local authorities limiting group...

Severe storm strikes Dongfang in Southern China
Typhoon Wutip hits Hainan in China after suddenly changing course

BEIJING, China: A typhoon altered its course and struck Hainan Island, southern China, late on the night of June 13. Typhoon Wutip...

Business

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Amazon’s Zoox unveils plan to build 10,000 robotaxis a year
Zoox opens robotaxi factory, joins race with Tesla and Waymo

HAYWARD, California: In a significant step toward its commercial debut, Amazon-owned Zoox has unveiled its first factory dedicated...

Brazil aims to restart poultry trade after bird flu clearance
Brazil declares bird flu-free status, seeks to resume exports

SAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...

U.S. stocks restricted by tensions in Middle East
U.S. stocks close mixed Friday amid Mideast uncertainty

NEW YORK, New YorK - U.S. stocks closed mixed on Friday, with gains and losses modest, as investors and traders weighed up the escalation...

US consumers cut back after early surge ahead of Trump tariffs
US retail sales drop in May amid post-tariff spending slowdown

WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...

Mitsubishi joins automakers raising prices after import tariffs
Mitsubishi to hike U.S. car prices 2.1% amid Trump tariffs

WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...

Lilly makes $1.3 billion move to expand into gene-edited heart drugs
Lilly to buy Verve for $1.3 billion in heart gene therapy expansion

INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...

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