Bond Yields Hit Highest Level Since 2007 as Inflation Fears Set In
Spot gold was 1.7% lower at $4,488.16 an ounce as of 3:36 p.m. in New York. Gold has traded in a narrow range since falling sharply in the early days of the conflict. Silver has swung wildly this month, climbing to nearly $90 an ounce last week.
G7 Finance Ministers Look to Contain Iran Economic Fallout
France is calling for more support from the IMF and the World Bank for vulnerable nations. Officials from three Gulf countries attended Tuesday’s meeting in Paris to discuss the conflict. The IMF and World Bank should do more to support the most vulnerable countries from the impact of the conflict, officials said.
Shakira wins £50m tax refund from Spanish government
Shakira won a tax battle in Spain for more than eight years. Spain’s National Court ordered the government to return her 60 million euros ($69 million) The singer's lawyer, José Luis Prada, described the ruling as the end of “an eight-year ordeal”
Lights, camera, Bangaranga: Highlights from Eurovision
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What to Know About the Ebola Outbreak as Cases and Deaths Rise
WHO director-general Tedros Adhanom Ghebreyesus, said he is “deeply concerned about the scale and speed of the epidemic’ Congo has said the first person died from the virus on April 24 in Bunia, and the body was repatriated to the Mongbwalu health zone.
The U.S. is “FOREVER BARRED and PRECLUDED from prosecuting or pursuing, any and all claims,” that “have been or could have been” asserted by the IRS against Trump, his family or his businesses. The immunity could be worth a lot a money for Trump, as the New York Times notes.
Senate Votes to Take Up Measure to Force Trump to End Iran War
U.S. Senate advances resolution to limit Trump's authority to continue Iran military strikes. Senate voted to advance a resolution to block President Donald Trump from ordering further strikes on Iran, defying the White House nearly three months into an unpopular war. In January, the Senate blocked a war powers resolution that would have prevented Trump from conducting more strikes on Venezuela.
Andy Barr Wins Republican Primary for McConnell’s Seat in Kentucky
U.S. Rep. Andy Barr is the projected winner in Kentucky's Republican Senate primary. Barr received President Trump's endorsement. He is expected to win the general election in the Republican-dominated Commonwealth. The November winner will replace Sen. Mitch McConnell, who is stepping down in a significant generational shift for Republicans.
Trump Endorses Ken Paxton in Texas Senate Runoff Race Against John Cornyn
President Donald Trump endorsed Texas Attorney General Ken Paxton for the Senate, dealing a massive political blow to longtime Sen. John Cornyn. It was his second endorsement in a Republican primary against a sitting GOP senator this cycle. “Ken Paxton has my Complete and Total Endorsement to be the next United States Senator from the Great State of Texas,” wrote Trump.
Republican Senators Are Livid at Trump’s Endorsement of Paxton
Texas Sen. John Cornyn and state Attorney General Ken Paxton face off in a runoff election on May 26. Paxton tweeted that he would drop out if Senate leadership lifts the filibuster to pass the SAVE Act. Cornyn had already expressed his support for the bill, but soon publicly declared his willingness to ditch the filibuster.
Israeli Minister Threatens to Evict Palestinians From West Bank Hamlet
The village lies in a tract of land where Israel’s government is establishing a new settlement bloc. Critics say it is nearly impossible to get a construction permit from Israel. Palestinians and rights groups say its strategic location would make it virtually impossible to establish a viable and contiguous Palestinian state. But past attempts to empty the village have failed.
5 Things to Know About Thomas Massie, Republican House Candidate in Kentucky
Polls are open in Kentucky until 6 p.m. local time May 19. For most of Kentuckians — those who live in the eastern time zone — polls are now closed. For those in the central time zone within western Kentucky, the polls remain open for another hour. For more information on how to vote, visit Kentucky's primary election website.
The summit in Beijing turned out to be—from the perspective of Southeast Asia and South Asia, at least— not totally disastrous. Most Southeast Asian and South Asian states were fairly to extremely disappointed with the results of the Xi-Trump meeting. With nothing achieved on Iran at the Beijing summit, and Trump threatening more intense strikes on Iran, Southeast Asian states are preparing for an even longer conflict.
Here’s How Iran Could Respond to Renewed U.S.-Israeli Strikes
Israeli forces have intercepted dozens of aid ships off the coast of Greece. The ships were part of the Global Sumud Flotilla to deliver aid to Gaza. Jordan has released a statement condemning the actions of the Israeli forces. The flotilla is expected to reach Gaza in the next few days.
Trump Threatens Iran and Then Pulls Back, All in the Same Day
Futures tied to the benchmark S&P 500 and the tech-heavy Nasdaq were recently down 0.4% and 0.8%. Dow Jones Industrial Average futures slipped 0.3%. Home Depot reported better-than-expected revenue and profit, but its comparable store sales figure came in below Wall Street estimates. Alphabet is set to kick off its Google I/O event.
5 Things to Know About Jon Ossoff, Democratic Senate Candidate in Georgia
The expected vote is the total number of votes that are expected in a given race once all votes are counted. If no candidate gets a majority in a primary, the top two contenders will advance to a June 16 runoff. Republicans are fighting a three-way race for the right to take on Democratic Sen. Jon Ossoff in Novembe.
Secretary of State Brad Raffensperger was also the Secretary of State in Georgia during the 2020 general election in which President Trump claimed there was widespread voter fraud, particularly in Fulton County. "That's proof that Georgians trust our elections," he said in a post on X.com.
The N.A.A.C.P. calls on Black athletes to boycott Southern states after redistricting.
The NAACP is calling for Black student athletes and fans to withhold support from public universities in states where congressional maps have been redrawn to give Republicans more votes. The campaign’s primary ask is for top football and basketball recruits to withhold commitments from targeted programs. The bigger issue is that the NAACP is asking elite athletes to make college decisions based on state-level politics, not coaching staffs.
Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
Google is rolling out a new search experience with AI agents. The new feature is called the “intelligent search box.” It will be available on Search, Gmail, YouTube, Docs, and the Chrome browser. Google CEO Sundar Pichai said the company is in a period of “hyper progress” with its AI efforts.
Victims of San Diego Mosque Shooting Remembered as Heroes and Leaders
The guard engaged the suspects in a gun battle and triggered the mosque’s lockdown protocol after spotting the threat. “The carnage would be much worse,” Imam Taha Hassane said. The guard was identified as Ameen Abdullah, whom he described as a beloved member of the community who “never stops smiling”
Estonia says Nato jet shot down drone over its territory
Estonia says Nato jet shot down drone over its territory on Tuesday. Estonia suspects it was a Ukrainian projectile knocked off course by Russian electronic jamming. Romanian fighter jets participating in the Baltic air policing mission shot it down, Estonian defence ministry said. The drone crossed into Estonian airspace, the Associated Press reported.
Son of Mango Fashion Chain’s Founder Is Arrested as Suspect in His Death
Isak Andic died on Dec. 14, 2024 during a hike with his eldest son eldest son, 44-year-old Jonathan. Jonathan Andic answered questions from a judge for an hour during a closed-door hearing. Last year, the Andic family said it was confident Jonathan was innocent.
Two bodies of missing Italians recovered from inside Maldives cave
Four of the divers had ties to the Università di Genova in Italy. The team was led by Monica Montefalcone, who was associate professor of ecology at Genoa University. The other two divers in the cave were Monica's daughter Giorgia Sommacal and recent graduate Federico Gualtieri.
Data from Nasa's wildfire monitoring platform shows active hotspots moving further south overnight into Tuesday. More than 10,000 homes have been evacuated from Simi Valley and surrounding communities. A further 3,500 homes are under evacuation warnings, extending into neighbouring Los Angeles county. Los Angeles mayor Karen Bass said officials don't expect the blaze to spread to the city.
Starbucks Korea CEO Fired Over ‘Tank Day’ Ad Evoking Country’s Brutal History
South Korean President Lee Jae Myung said he was “enraged” by Starbucks’ campaign. The campaign “tarnished the bloody protests of Gwangju citizens and the victims of the protests,” Lee said. Starbucks Korea posted a statement on its website apologizing for the promotion. Shinsegae Group Chairman Chung Yong-jin also issued a public apology.
The IRS Thought it Could Fight Trump’s Lawsuit, but it Struck a Deal Anyway
The audit dated back to a $72.9 million tax refund that Trump claimed, and received, starting in about 2010. “Not auditing his returns is the same as giving him an easy way to, in effect, receive money from the government,” a former IRS official said.
Two men arrested over stunt at enclosure of famous monkey Punch
Two American men have been arrested in Japan over a stunt that saw a man enter the zoo enclosure of Punch the monkey. Video footage shows an individual wearing a costume jumping down into the enclosure, prompting the monkeys to rush to the top of a rock structure. After about a minute, a zookeeper entered the enclosure and escorted the intruder away from the area.
Pentagon Inspector General to Assess U.S. Boat Strikes
Pentagon watchdog to evaluate US military's boat strikes in Latin America. The military has not provided evidence that any of the vessels were carrying drugs. The administration’s campaign of blowing up small boats accused of drug trafficking has persisted since early September and killed at least 193 people in total.
Xi prepares to welcome Putin to China four days after hosting Trump
China has become Russia’s top trading partner following the start of the war in Ukraine, and is the top customer for Russian oil and gas supplies. Both China and Russia are close partners of Tehran and have played a key role in shielding it in the face of US sanctions in recent years.
UK ‘built for climate that no longer exists’ and needs urgent changes to survive global heating, report warns
Nine out of 10 British homes are at risk of overheating, report says. Families that cannot afford air conditioning may be able to cool only one room. Air conditioning should be installed in all care homes and hospitals within the next 10 years, and in all schools within 25 years, says the Climate Change Committee.
What's the mortgage rate you'll be paying later this year? Probably higher
The Federal Reserve’s preferred inflation tracker just flashed another warning sign for the U.S. economy. The mix of sticky inflation, softer growth and the possibility of rates staying higher for longer means households are likely to keep feeling pressure. In difficult times, it often pays to hold minimal debt and have a robust emergency fund ready to go.
Blanche won't rule out Jan. 6 rioters getting Trump DOJ fund payouts
Vance insisted that requests would be analyzed on a "case-by-case" basis and that "anybody can apply" Vance added that even Hunter Biden, former President Joe Biden's son, would be eligible to ask for funds. "Why should taxpayers be paying to settle a $10 billion lawsuit that was brought by the president of the United States?"
Étienne Davignon Dies Before Trial in Patrice Lumumba Killing
Davignon’s role in these events first came under scrutiny in 2001. A Belgian parliamentary inquiry concluded that the Belgian state and certain officials bore a ‘moral responsibility’ for the circumstances leading to Lumumba's death. As European Commissioner for Industrial Affairs from 1977 to 1985, Davignon was considered one of the most brilliant commissioners of his time.
Trump Warns Iran the ‘Clock Is Ticking’ as Tensions Surge Again in Middle East
U.S. equities remained under pressure for much of Monday’s session before recovering part of their losses later in the day. Technology shares are expected to remain under pressure amid growing concerns over elevated valuations. Oil producers, telecommunications companies and commercial real estate stocks also posted gains, helping offset part of the broader market decline.
The Iran War Is Crippling One of the World’s Wealthiest Nations
The White House said it would not “permit risks to our financial system posed by the extension of credit or financial services to the inadmissible and removable alien population” The banking industry had been aggressively lobbying for months to stop the White House from issuing an executive order that would have made collecting customers’ citizenship status mandatory.
