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Qantas to announce first route for ultra-long-haul ‘Project Sunrise’ flights

By Tim Hepher TOULOUSE, France, June 17 (Reuters) - Qantas Airways is set on Wednesday to unveil the first destination for the world's longest non-stop flights from eastern Australia to London or New York, tackling one of the few unbroken barriers of air travel after ...
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From YouTube to Hollywood: Digital creators are remaking the movie business

NEW YORK (AP) - Some of the most promising young filmmakers in the movie business are arriving in Hollywood already experts at entertaining audiences and going viral. The twin sensations of "Obsession" and "Backrooms" - both by 20-something YouTubers-turned-filmmakers - has put a new ...
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‘Obsession’ is a sensation. Everyone, including Curry Barker, is trying to figure out what it means

NEW YORK (AP) - Days before "Obsession" opened in theaters, its 26-year-old director, Curry Barker, made a bet with his manager and agent. They said if the movie opened above $20 million, they would all get tattoos. "Obsession" fell just short. It debuted with $17 ...
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Fed set to make interest rate decision as inflation hits 3-year hig

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin ...
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Five ways to avoid tax penalties in 2026

As a certified public accountant, the most common question I hear in the spring is, "How much do I actually have to pay the IRS right now?" In a perfect world, the IRS wants 90% of your total tax liability paid "ratably" (equally) throughout ...
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German auto lobby welcomes EU approval of US trade deal but tariffs still weigh

BERLIN, June 16 (Reuters) - The European Parliament's approval of Brussels' trade deal with the United States is important for German auto makers seeking clarity but trade barriers remain too high, with tariffs on trucks particularly steep, an industry body said on Tuesday. Germany's VDA ...
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G7 allies scramble to put Ukraine back atop Trump’s agenda as war drags on

EVIAN-LES-BAINS, France (AP) - U.S. allies at the Group of Seven summit of major industrialized democracies worked Tuesday to push the war in Ukraine back up the agenda of President Donald Trump after more than four years of fighting sparked by Russia's full-scale invasion. The ...
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SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

(AP) - SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week. SpaceX said in April that ...
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Asian shares are mostly higher and Japan’s Nikkei tops 70,000 before BOJ rate hike

TOKYO (AP) - Asian shares mostly gained and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time Tuesday before trimming early gains after the Bank of Japan raised its key interest rate to 1%. The quarter percentage point hike took the benchmark ...
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Bank of Japan raises its key interest rate to a three-decade high of 1%, citing inflation

TOKYO (AP) - The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank's increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, ...
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Germany formally rejects UniCredit’s Commerzbank offer

By Tom Sims and Valentina Za FRANKFURT/MILAN, June 16 (Reuters) - Germany has officially rejected UniCredit's offer to buy Commerzbank, the country's finance agency said on Tuesday, citing a low price and concerns about what it called the Italian bank's aggressive approach. UniCredit's initial offer period ...
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BOJ Deputy Governor Uchida’s comments at news conference

June 16 (Reuters) - The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war. The hike was the ...
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