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)....
$300 Billion Private Fund Proposed to Drive Iran Reconstruction and Investment
A proposed $300 billion private-sector investment fund aimed at accelerating reconstruction and economic development in Iran has emerged as a key component of the recently agreed U.S.-Iran framework deal. According to sources familiar with...
Formula One Cuts Carbon Footprint by 35%, Stays on Track for Net-Zero Goal
Formula One has reduced its carbon footprint by 35% compared to its 2018 baseline, remaining on course to achieve its target of becoming a net-zero carbon sport by 2030. According to the organisation’s 2025...
Trump Administration Sues New York Officials Over Medicaid Homecare Contract
The Trump administration has filed a lawsuit against senior New York health officials and Public Partnerships LLC (PPL), alleging that the bidding process for managing the state’s Consumer Directed Personal Assistance Program (CDPAP) was...