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UK supermarket Tesco lifts profit outlook on competitive prices
Britain's largest retailer Tesco on Thursday raised its 2025/2026 profit guidance as the supermarket chain won customers with competitive prices. Increased competition in the UK market had led Tesco in April to lower its profit guidance.
Elon Musk halfway to becoming world's first trillionaire: report
Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday. The 54-year-old's net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication's "Real-Time Billionaires" tracker reported.
Asian markets surge on US rate hopes, tech fired by chip deal
Asian equities jumped Thursday after data showing job losses in the US private sector fanned optimism for more interest rate cuts and overshadowed a partial shutdown of the country's government.
Rising wildfires spur comeback for Canadian water bomber
The Canadair water bomber revolutionized the fight against wildfires after it debuted in the skies decades ago. - 'Tractor of the sky' - Pierre Boulanger, a Canadair pilot from Quebec who travels to California to fight wildfires every summer, celebrated the resumption of production, calling the model the most "efficient" tanker aircraft on the market.
G7 ministers to target those increasing Russia oil purchases
G7 finance ministers pledged Wednesday to take aim at those who are continuing to step up purchases of Russian oil, since Moscow's invasion of Ukraine more than three years ago. "We will target those who are continuing to increase their purchase of Russian oil since the invasion of Ukraine and those that are facilitating circumvention," the ministers said in a joint statement.
Air traffic controllers warn of US shutdown strain
Aviation groups urged US political leaders to quickly resolve a budget impasse Wednesday, warning that the government shutdown strains air travel and delays key upgrades. Airlines for America, which represents leading US carriers, urged congressional leaders to quickly remedy the situation.
Trump says to push China's Xi on soybeans as US farmers struggle
President Donald Trump signaled Wednesday that he plans to push Chinese leader Xi Jinping on US soybean purchases when they meet, as American farmers grapple with fallout from his trade wars.
Supreme Court blocks Trump from immediately firing Fed governor
The US Supreme Court on Wednesday barred Donald Trump from immediately firing Federal Reserve Governor Lisa Cook, as the president mounts multiple challenges that have tested the independence of the central bank.
Supreme Court blocks Trump from immediately firing Fed Gov. Cook
The US Supreme Court on Wednesday barred Donald Trump from immediately firing Federal Reserve Governor Lisa Cook, as the president mounts multiple challenges that have tested the independence of the central bank.
AFP
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