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Business

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Tourists shift from U.S. to Europe as spending surges
Europe set for 11% rise in tourist spending, WTTC report says

MADRID, Spain: Europe's tourism sector is poised for a strong 2025, with international visitor spending projected to grow by 11 percent...

Tough competition, weak economy hits European investments in China
European firms cut spending amid economic slowdown in China

BEIJING, China: European companies are spending less and cutting back on investment plans in China because the Chinese economy is slowing...

Elf beauty buys Hailey Bieber's Rhode in $1 billion Deal
Hailey Bieber sells makeup brand Rhode to Elf Beauty for $1 billion

LOS ANGELES, California: Model Hailey Bieber's skincare and makeup brand, Rhode, is being bought by Elf Beauty for around US$1 billion....

Airbus delivery delays now stretch to 2028, airlines warned
Airbus tells airlines to expect jet delivery delays into 2028

PARIS, France: Aircraft delivery delays at Airbus are now expected to stretch into 2028, as the European planemaker continues to grapple...

GameStop makes $513 million bitcoin bet in digital asset shift
GameStop buys $513 million in bitcoin to fuel crypto strategy

GRAPEVINE, Texas: GameStop has taken a significant step into the world of cryptocurrencies, revealing this week that it has purchased...

US housing outlook dims as buyers await lower rates, BofA finds
Uncertainty hits US homebuyers as mortgage rates climb again

NEW YORK CITY, New York: Rising mortgage rates and economic uncertainty are leaving many Americans unsure about whether to buy a home—just...

World

Section
Airbus delivery delays now stretch to 2028, airlines warned
Airbus tells airlines to expect jet delivery delays into 2028

PARIS, France: Aircraft delivery delays at Airbus are now expected to stretch into 2028, as the European planemaker continues to grapple...

Global central bankers in Tokyo address discuss inflation and slowdown
World's central banks talk harsh new economic realities in Tokyo

TOKYO, Japan: As global inflation remains stubborn and growth prospects dim, central bankers from around the world gathered in Tokyo...

"Our appeal to put Pakistan on grey list of FATF is getting resonance": BJP MP Baijayant Panda
"Our appeal to put Pakistan on grey list of FATF is getting resonance": BJP MP Baijayant Panda

Algiers [Algeria], June 2 (ANI): BJP MP Baijayant Panda, who led the all-party delegation to Algeria on Monday, said that India's appeal...

Glenn Maxwell: A six-hitting, record-setting Aussie maverick peaking at World Cups
Glenn Maxwell: A six-hitting, record-setting Aussie maverick peaking at World Cups

New Delhi [India], June 2 (ANI): Australian all-rounder Glenn Maxwell retired from ODI cricket following a glittering 149-match career...

50,000 Palestinian children killed or wounded in Gaza since war began: UNRWA
50,000 Palestinian children killed or wounded in Gaza since war began: UNRWA

GAZA, 2nd June, 2025 (WAM) -- The United Nations Relief and Works Agency (UNRWA) has revealed that at least 50,000 Palestinian children...

Russias Sber launches Bitcoin-linked bonds
Russias Sber launches Bitcoin-linked bonds

The product is already available to qualified investors on the over-the-counter market, the bank has announced Russia's largest lender,...