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Business

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US consumers cut back after early surge ahead of Trump tariffs
US retail sales drop in May amid post-tariff spending slowdown

WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...

Mitsubishi joins automakers raising prices after import tariffs
Mitsubishi to hike U.S. car prices 2.1% amid Trump tariffs

WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...

Lilly makes $1.3 billion move to expand into gene-edited heart drugs
Lilly to buy Verve for $1.3 billion in heart gene therapy expansion

INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...

New Zealand PM seeks stronger ties with China amid security talks
New Zealand PM Luxon in China to boost trade and tourism

BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...

U.S. on edge as Israel-Iran conflict escalates
Dow Jones drops 44 points as Wall Street takes a breather

NEW YORK, New York - U.S. stocks made only minor moves in both directions,Thursday, as investors fretted about the Israel-Iran conflict...

Luxury giant Kering bets on outsider de Meo to lead turnaround
Kering picks Renault's de Meo to fix Gucci, slash soaring debt

PARIS, France: Luxury group Kering's decision to tap Luca de Meo as its next chief is being seen as a daring but necessary attempt...

California

Section
Meta buys 49 percent of Scale AI, brings CEO Wang to lead AI efforts
Meta bets on Scale AI CEO Wang in $14B play for AI leadership

MENLO PARK, California: Meta Platforms has made a bold move to accelerate its artificial intelligence ambitions—by investing US$14.3...

Spotify, Discord disrupted by brief Google service glitch
Google resolves global outage affecting major platforms

MOUNTAIN VIEW, California: On June 12, Google announced that it had fixed a temporary global service disruption that impacted several...

Chime soars in debut, giving fintech sector a much-needed boost
Chime IPO pops 59%, valuing digital bank at $18.4 billion

SAN FRANCISCO, California: After months of muted IPO activity in the fintech world, digital bank Chime Financial reignited investor...

Brian Wilson, legendary Beach Boys cofounder, dies at 82
Beach Boys founder Brian Wilson dies at age 82

LOS ANGELES, California: Brian Wilson, the musical genius behind many of the Beach Boys' greatest hits like Good Vibrations and God...

Cardi B releases her new single 'Outside'
Cardi B releases her new single 'Outside'

Los Angeles [US], June 20 (ANI): Rapper Cardi B has come up with her new single 'Outside'. On Friday, she treated her fans to the...

Mission Olympic Cell approves monthly pocket allowance of 25000 for Indian Senior men's, women's hockey teams
Mission Olympic Cell approves monthly pocket allowance of 25000 for Indian Senior men's, women's hockey teams

New Delhi [India], June 20 (ANI): The Mission Olympic Cell (MOC) has, for the first time, approved a monthly pocket allowance of 25,000...