US Retail Sales Slip More Than Expected After Rush To Beat Tariffs

US Retail Sales Slip More Than Expected After Rush To Beat Tariffs

US retail sales declined more than expected in May, government data showed Tuesday, dragged by a slowdown in auto sales as consumers pulled back after hurrying to get ahead of President Donald Trump’s sweeping tariffs. As Trump’s levies flow through the country, analysts are keeping a close watch on how consumers — a critical driver…

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Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. In an annual outlook for the oil market, the Paris-based agency cited sluggish economic growth, global trade tensions, the rise of electric cars and the shift away from crude to produce power. Annual…

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Poll Finds Public Turning To AI Bots For News Updates

Poll Finds Public Turning To AI Bots For News Updates

People are increasingly turning to generative artificial intelligence chatbots like ChatGPT to follow day-to-day news, a respected media report published Tuesday found. The yearly survey from the Reuters Institute for the Study of Journalism found “for the first time” that significant numbers of people were using chatbots to get headlines and updates, director Mitali Mukherjee…

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Russian Strikes Kill 14 In ‘Horrific’ Attack On Kyiv

Russian Strikes Kill 14 In ‘Horrific’ Attack On Kyiv

Russian strikes killed at least 14 people and wounded dozens in Kyiv in what Ukrainian President Volodymyr Zelensky on Tuesday called “one of the most horrific attacks” on the capital. Zelensky said “an entire section of an apartment block” was destroyed and rescuers were searching under the rubble for possible survivors. AFP journalists heard drones…

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Bahaa Hariri and the Battle for Lebanon’s Future

Bahaa Hariri and the Battle for Lebanon’s Future

During a golden age, Beirut was known as the “Paris of the Middle East”—a cosmopolitan mecca that gleamed with fancy restaurants and hotels. The fashion magazine Vogue went so far as to label the Lebanese capital a “jet-setters’ playground,” with a social scene to rival wealthy European capitals. That was in the 1970s, before the…

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Bank Of Japan Holds Rates, Says To Slow Bond Purchase Taper

Bank Of Japan Holds Rates, Says To Slow Bond Purchase Taper

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world’s number four economy. The central bank spent years buying up Japanese Government Bonds (JGBs) to keep yields low as part of…

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Verdict Due For Sweden’s ‘Queen Of Trash’ Over Toxic Waste

Verdict Due For Sweden’s ‘Queen Of Trash’ Over Toxic Waste

A court in Sweden will rule Tuesday in the country’s biggest environmental crime trial, where a self-proclaimed “Queen of Trash” and four others stand accused of illegally dumping toxic waste. The once-acclaimed waste management company Think Pink is accused of dumping or burying some 200,000 tonnes of waste from the Stockholm area at 21 sites…

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Oil Prices Jump After Trump’s Warning, Stocks Extend Gains

Oil Prices Jump After Trump’s Warning, Stocks Extend Gains

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. Hopes that the deadly conflict can be contained helped most equities rise, while the US president’s earlier claim that the Islamic republic wanted to make a…

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