Sat, 17 May 2025

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International

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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...

1 dead, 32 injured in tour bus crash on Los Angeles freeway
1 killed, 32 injured in bus-SUV collision on Los Angeles area freeway

LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over...

21 killed, 35 injured as bus plunges off cliff in Sri Lanka
Passenger bus skids off a cliff in Sri Lanka, killing 21, injuring 35

COLOMBO, Sri Lanka: A passenger bus carrying nearly 50 people skidded off a cliff in Sri Lanka's central highlands, killing 21 and...

Trump signs order to cut US drug prices to global levels
Trump executive order demands pharmaceutical industry price cuts

WASHINGTON, D.C.: U.S. President Donald Trump signed an executive order this week to lower the cost of prescription drugs in the United...

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...

Business

Section
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...

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