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Business

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Wall Street falters as America's credit rating is downgraded
Moody's AAA rating downgrade dents U.S. stock markets, dollar, bonds

NEW YORK, New York - U.S. stocks struggled on Monday as a further downgrading of U.S. debt by Moody's sent the dollar sliding and Treasury...

Richemont sales up 7% on strong jewelry demand
Cartier owner Richemont beats expectations as jewelry shines

PARIS, France: Richemont, the owner of luxury brands Cartier and Van Cleef & Arpels, posted a stronger-than-expected seven percent...

Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Summer could strain power supply in US, Canada, grid operator warns
Middle swath of North America at risk of power shortfalls this summer

WASHINGTON, D.C.: Parts of the U.S. and Canada may not have enough electricity this summer if hot weather causes more people to use...

Amid retail slowdown, Dick’s Sporting to acquire Foot Locker
Dick's Sporting to buy Foot Locker for $2.4 billion

CORAOPOLIS, Pennsylvania: Dick's Sporting Goods is set to acquire Foot Locker in a US$2.4 billion deal, marking the second major footwear...

Walmart warns shoppers of price hikes amid rising tariffs
Walmart shoppers to face price hikes as Trump tariffs hit

BENTONVILLE, Arkansas: Walmart shoppers are bracing for price hikes as the world's largest retailer prepares to pass on the impact...

World

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...

UN calls for scaling up supplies as 5 aid trucks allowed into Gaza
UN calls for scaling up supplies as 5 aid trucks allowed into Gaza

JERUSALEM, May 19 (Xinhua) -- Five UN aid trucks entered war-torn Gaza on Monday, a unit under Israel's Defense Ministry said, a day...

"Some progress has been made": Trump after call with Putin on Russia-Ukraine "ceasefire"
"Some progress has been made": Trump after call with Putin on Russia-Ukraine "ceasefire"

Washington DC [US], May 20 (ANI): US President Donald Trump on Monday (local time) announced 'some progress' in the potential ceasefire...

COAS Gen Upendra Dwivedi visits Laungewala, lauds forces for their "exceptional courage, relentless commitment" during Op Sindoor
COAS Gen Upendra Dwivedi visits Laungewala, lauds forces for their "exceptional courage, relentless commitment" during Op Sindoor

Laungewala (Rajasthan) [India], May 20 (ANI): Chief of Army Staff (COAS) General Upendra Dwivedi on Monday visited Laungewala in the...

Putin outlines results of his conversation with Trump (FULL SPEECH)
Putin outlines results of his conversation with Trump (FULL SPEECH)

The Russian president has described his Monday phone call with Donald Trump as substantive and quite candid Moscow is ready to work...

US imposes visa restrictions on Indian travel agencies facilitating "illegal immigration"
US imposes visa restrictions on Indian travel agencies facilitating "illegal immigration"

Washington, DC [US], May 20 (ANI): United States on Monday announced visa restrictions on owners, executives, and senior officials...