Amazon Prime Day 2026 Expected to Test U.S. Consumer Spending Trends
Amazon’s four-day Prime Day sale, running from June 23 to 26, is expected to serve as a key indicator of U.S. consumer spending habits amid persistent inflation and rising fuel costs. Moved earlier than...
Spain Ex-Transport Minister Sentenced to 24 Years in Major Corruption Case
Spain’s Supreme Court on Monday sentenced former Transport Minister Jose Luis Abalos to 24 years in prison after finding him guilty of multiple corruption offences, including criminal organisation, bribery, embezzlement and influence peddling. The...
U.S.-Iran Talks Make Encouraging Progress Toward Peace Deal
The United States and Iran have made what mediators described as “encouraging progress” during the first round of peace talks held at the Swiss resort of Buergenstock. Facilitated by Pakistan and Qatar, the discussions...
Cuba Approves Historic Economic Reforms, Opening Door to Private Enterprise
Cuba’s National Assembly has unanimously approved a sweeping package of more than 175 economic reforms that could mark the country’s biggest shift toward a market economy since the 1959 revolution. Backed by the Communist...
MDA Space to Acquire Blue Canyon Technologies for $620 Million
Canadian space technology company MDA Space has announced an agreement to acquire U.S.-based Blue Canyon Technologies from RTX Corporation’s Raytheon business for $620 million in cash. The acquisition is aimed at strengthening MDA Space’s...
Ohio Law Requiring Parental Consent for Social Media Use by Minors Upheld
A U.S. appeals court has ruled that Ohio can enforce a law requiring social media companies to obtain parental consent before allowing children under the age of 16 to use their platforms. The decision,...
Brazil May End Fuel Subsidies as Oil Prices Ease
Brazil could phase out its emergency fuel subsidies if global crude oil prices stabilize around $80 per barrel, according to Finance Ministry Executive Secretary Rogerio Ceron. Speaking to Reuters, Ceron said recent progress toward...
FDA Panel to Review Moderna’s Flu Vaccine for Older Adults
The U.S. Food and Drug Administration’s (FDA) independent vaccine advisory panel is set to review and vote on whether the benefits of Moderna’s influenza vaccine, mFlusiva, outweigh its potential risks in older adults. Moderna...
U.S. Banks Seek Further Easing of Federal Reserve Capital Rules
Major U.S. banks are making a final push for changes to the Federal Reserve’s proposed capital rule overhaul, arguing that some requirements remain overly restrictive despite significant revisions by regulators. The banking industry is...
UK Wage Growth Remains Strong as Unemployment Falls Ahead of Bank of England Rate Decision
Britain’s labour market showed unexpected resilience in the three months to April, with wage growth remaining stronger than forecast and unemployment edging lower, according to data released by the Office for National Statistics (ONS)....