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Could the standoff in the Strait of Hormuz trigger a global recession? Economists weigh in

(NEW YORK) -- Thousands of canceled flights in Europe over a spike in jet fuel prices. An energy emergency declaration in the Philippines. A two-week school holiday in Pakistan to conserve fuel used by commuters.The U.S.-Israeli war with Iran ...
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Philadelphia museum brings Rocky statue inside after decades of tension

PHILADELPHIA (AP) - Every day, visitors from around the world make their way to the steps of the Philadelphia Museum of Art - not necessarily for the galleries inside, but for a statue of a fictional boxer from South ...
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New York’s new jails boss once served time in a cell block he now oversees

NEW YORK (AP) - Stanley Richards knows how bleak life can be at Rikers Island, New York City's notorious jail complex. As a young man, he spent two years locked up there for robbery. Now, he runs the place as ...
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In Supreme Court fight against deportation shield, Trump says judges have no role

By Andrew Chung April 25 (Reuters) - Among President Donald Trump's main arguments at the U.S. Supreme Court defending his moves to rescind humanitarian protections that shield hundreds of thousands of immigrants from deportation, one stands out: Courts cannot review ...
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Trump hosts crypto contest winners at Mar-a-Lago as his coin languishes

By Michelle Conlin NEW YORK, April 25 (Reuters) - U.S. President Donald Trump is set to host winners of his second annual meme coin contest at his Mar-a-Lago club in Palm Beach, Florida, on Saturday, offering top buyers of his ...
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Afghanistan calls on Afghans who helped US in war and are now stuck in Qatar to return home

KABUL, Afghanistan (AP) - Afghanistan's foreign ministry says Afghans who helped America's war effort and have been stuck in Qatar in the hope of reaching the United States, can safely return to Afghanistan. The statement Saturday by foreign ministry spokesman ...
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Don’t count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes

WASHINGTON (AP) - President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn't pencil in lower borrowing costs for mortgages, auto loans, ...
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The Media Line: US Weighs ‘Dynamic Targeting’ of Iranian Assets in Strait of Hormuz as Talks Stall  

US Weighs 'Dynamic Targeting' of Iranian Assets in Strait of Hormuz as Talks Stall By The Media Line Staff The United States is preparing potential military operations against Iranian assets in the Strait of Hormuz if peace ...
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The Media Line: Gulf States Gradually Reopen After Months of War-Related Disruption  

Gulf States Gradually Reopen After Months of War-Related Disruption By Hudhaifa Ebrahim/The Media Line Gulf Cooperation Council (GCC) countries are gradually returning to normal life following the US-Israeli war on Iran and Tehran's subsequent targeting of Gulf ...
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Teck quarterly profit beats estimates on record copper sales, higher prices

April 23 (Reuters) - Teck Resources on Thursday beat analysts' estimates for first-quarter profit, aided by an increase in copper prices and record sales, while the company's proposed merger with Anglo American remained on track. The Canadian miner said it ...
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US State Department appoints Tommy Pigott as spokesperson

April 24 (Reuters) - The U.S. State Department has appointed Tommy Pigott as its spokesperson, the department said in a statement on Friday. Pigott joined the department and President Donald Trump's administration in January 2025 as Trump began his second ...
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Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh

By Andrew Goudsward, Howard Schneider and Ann Saphir WASHINGTON, April 24 (Reuters) - The Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, U.S. Attorney Jeanine Pirro said on Friday, removing an obstacle to the confirmation of ...
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