Hancock Prospecting, owned by Australia’s richest person Gina Rinehart, and Rio Tinto must pay what could amount to hundreds of millions of dollars in royalties to her father's former business partners. The family has fought for ownership of mines and companies now controlled by GinaRinehart but set up by Lang Hancock.
Apple is in a far better position than almost any other company to absorb the price fluctuations for memory chips. It's a much higher-margin business than selling devices, and its growth is fueled by Apple taking an increasing share of the device market.Memory pricing is sure to come back down over the next few years as supply catches up with demand.
The IMF now expects global growth of 3.1% in 2026, a 0.2 percentage point downgrade from its January forecast. The private sector adapted to a changing business environment, while powerful offsets came from lower US tariffs than originally announced. According to the IMF report, under the assumption of a limited conflict, global growth is projected at 3.2%.
Israel and Lebanon agree to "launch direct negotiations" following D.C. meeting, U.S. State Department says. It's the first direct diplomatic talks between the two countries since 1993. The discussion comes one day after first direct talks between Israel and Lebanon in 40 years, which were held in Washington, DC.
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Ari Hodara, 58, was drawn at a ceremony broadcast live by Christie's auction house. The prize was a gouache-on-paper portrait rendered in Picasso's signature style. Of the money raised, €1m will go to a private art dealer. The winner will be announced at a later date.
SantaCon is an event held annually in December in which thousands of attendees dress as Santa Claus and other holiday characters. The event is billed as "a charitable, non-political, nonsensical Santa Claus convention that happens once a year to spread absurdist joy" The organizer was arrested for allegedly spending charity money on personal expenses.
Trump's rift with Pope is playing out in public - it's costing him valuable support. "While I am grieved by the directness of Donald Trump's attacks on Pope Leo, in a way I welcome the clarity of the choice Catholics are being presented with," Greydanus says. He says it is partly down to the contrast between President Trump and the "healing presence" of Pope Leo.
Trump threatens to fire Powell if he doesn't leave Fed board; probe to continue. Trump said that if Powell stays on the board of the Fed past May 15, "then I’ll have to fire him, OK?” Powell has said he won’t leave the Fed while the Justice Department investigates a $2.5 billion renovation project.
Hungary’s economy grew by 0.3% in 2025, according to national statistics. Hungary's debt-to-GDP ratio was 74.6 percent in 2025. The country has not achieved meaningful economic growth since 2022, and has the highest unemployment rate in a decade.
South Africa's President Cyril Ramaphosa has appointed Roelf Meyer as his new ambassador to the US. Analysts in South Africa have broadly welcomed Meyer's appointment, hailing it as a positive and "clever, tactical decision" by the president. The news has received a mixed reaction in the country.
The president alleged that the pope only earned his title because he’s American. On April 13, the pope told journalists, “I have no fear of the Trump administration or speaking out loudly of the message of the Gospel.” Vance said he admires the pope and has no problem with him speaking out.
Finance ministers from 11 countries say domestic responses to the crisis should reflect the “constrained state of public finances.” UK finance minister Rachel Reeves noted that energy market volatility following the 2022 energy crunch pushed up the cost of servicing UK debt by $12.7 billion. UK PM Keir Starmer said today that he will not “yield” or change his stance on the US and Israel’s war with Iran.
The Porter campaign argues that she is basically tied with Steyer in the polls. Its internal polling shows Porter gaining a plurality of Swalwell’s votes—but only 31% to Steyer's 25%. In a memo sent to allies Saturday, the Porter campaign said an internal poll showed that 46% of voters had listed her as their second choice, compared to just 14% for Steyer.
Lower courts have so far allowed Cook to remain in her job while her legal challenge to the firing continues. The Supreme Court also seemed likely to keep her on the Fed when the court heard arguments in January. The issue in Cook’s case is whether allegations of mortgage fraud, which she has denied, is a sufficient reason to fire her.
The talks took place as fighting between Israel and Hezbollah continued in full force. It is the latest diplomatic push to revive talks between the United States and Iran since the two sides agreed a fragile two-week ceasefire last week. Israel and Lebanon also agreed to open direct negotiations after their first high-level face-to-face meeting since 1993.
Israel carried out its heaviest strikes on Lebanon since the conflict with Hizbullah broke out last month. The strikes were reportedly the closest to Beirut in a week, after a series of Israel attacks on the Lebanese capital on April 8th killed more than 350 people. US-Israeli strikes on Iran and Israeli attacks in Lebanon have killed thousands and displaced millions.
Italy’s right-wing Prime Minister Giorgia Meloni announced Tuesday that Italy is suspending its defense cooperation agreement with Israel. The move is an unprecedented move by the Italian government and reflects deep unease over its longtime ally's actions in the Middle East, analysts say. The decision must be seen within a broader effort to progressively stabilise the region, including by reducing tensions in Lebanon, one analyst says.
If the U.S. Navy does manage to stop Iranian ships from leaving the Gulf, the disruption will have a real impact on China, which buys roughly 90 percent of Iran’s e. Trump wants to use economic pain to weaken Iran, even if that threatens the global economy.
The RSF has admitted "individual violations" were committed during the takeover of el-Fasher. The RSF leadership says these are being investigated and the scale of atrocities was exaggerated by its enemies. "We witnessed the Day of Judgment on Earth," says one survivor of the siege by the RSF.
Microsoft will rent 30,000 additional Nvidia Rubin GPUs from OpenAI. Nscale announced on Tuesday that Microsoft was expanding its agreement at the Narvik campus. OpenAI was in discussions to rent around half of the facility's capacity, a source with knowledge of the matter told CNBC. In March, Nscale said it would support Microsoft's deployment of Nvidia's Vera Rubin platform across sites in the UK, Norway and beyond.
A 14-year-old student opened fire today in two classrooms at a high school in Turkey, marking the second such shooting in the country in two days. Six of the 13 injured are in serious condition, Interior Minister Mustafa Çiftçi said at a press conference, according to Reuters. The attack occurred a day after 16 people, mostly students, were injured when a former student open fire at a school in the nearby province of Şanlıurfa.
Marwan Barghouti says he has been beaten by Israeli guards three times in a month. He is currently serving five life sentences plus 40 years in an Israeli prison. He says he was beaten by guards during a transfer from one prison to the other. He has been in prison for more than a year.
Israeli troops and the air force targeted Hezbollah members and military infrastructure in Lebanon, the Israel Defense Forces (IDF) said. The U.S. on Tuesday hosted the first direct meeting between Israel and Lebanon since 1993. Israel is occupying southern Lebanon as it attacks Hezbollah. The two nations had not held official meetings in over 30 years.
A Chinese national caught trying to smuggle more than 2,200 live ants out of Kenya has been sentenced to 12 months in jail. A Nairobi court ruled a tougher punishment was needed to deter similar cases. Last year four men were fined 1 million shillings each for trying to traffic thousands of ants.
Somali was immediately detained after being sentenced to prison because he was considered a flight risk. The court cited the absence of severe harm to victims when deciding Somali's prison term. Somali was also barred for five years from working at institutions serving minors and people with disabilities when he is released from prison.
She has said the war is illegal and that Italy will not be joining it. She is credited with cutting illegal immigration by 60 per cent since coming to power. On Tuesday, she said that she was suspending Italy's defence agreement with Israel, the US’s ally in the war. On Monday, she defended the Pope after Mr Trump had called him ‘weak’
Trump posted an image of himself as a Jesus-like figure healing someone who was ill, but took it down after widespread criticism. He told reporters on April 13 that the AI-generated picture was meant to portray him as a doctor and that he didn't owe the pope an apology. "I think it's very, very important for the Pope to be careful when he talks about matters of theology," he said.
The push gained momentum after Charlie Kirk’s death. Republican administrations of Nebraska, Arkansas, Texas, Oklahoma, Montana, Florida, Tennessee and Indiana have each announced partnerships with Turning Point USA. Critics argue many of the same conservative leaders have sought to silence others with measures to restrict what teachers can say.
Starting in July, borrowers will have up to 90 days to select a new repayment plan. The SAVE plan provided more lenient terms than other repayment plans. The Standard Repayment Plan and the new Tiered Standard Plan will be available beginning July 1. Borrowers can transition before their loan servicer communicates a 90-day deadline.
The US military says no vessels have made it past US naval forces during the first 48 hours of the blockade on Iranian ports. Donald Trump says that the impact of blockade of Iranian ports has been "pretty amazing" The commander of Iran's joint military command warned that Iran would completely block exports and imports across the Persian Gulf region, the Sea of Oman and the Red Sea.
US military maintains blockade on Iranian ports as peace talks are set to begin. No vessels have made it past U.S. forces in first 48 hours of blockade, military says. Iran threatens to block shipping beyond Strait of Hormuz if US blockade continues. On Monday, Trump instituted a naval blockade of all Iranian ports.
In 2011 he co-hosted “The Stream,” a pioneering show on Al Jazeera English. He went on to help launch HuffPost’s live streaming network. He shared on his Substack account a verified video showing a US F-15 fighter jet falling from the sky and crashing.
Finance ministers from 11 countries say domestic responses to the crisis should reflect the “constrained state of public finances.” UK finance minister Rachel Reeves noted that energy market volatility following the 2022 energy crunch pushed up the cost of servicing UK debt by $12.7 billion. UK PM Keir Starmer said today that he will not “yield” or change his stance on the US and Israel’s war with Iran.
Finance ministers from 11 countries say domestic responses to the crisis should reflect the “constrained state of public finances.” UK finance minister Rachel Reeves noted that energy market volatility following the 2022 energy crunch pushed up the cost of servicing UK debt by $12.7 billion. UK PM Keir Starmer said today that he will not “yield” or change his stance on the US and Israel’s war with Iran.
A school shooting in southern Turkey on Wednesday left nine people dead and 13 wounded. Police have increased security around the building, and television footage showed ambulances in the area. The shooting comes just one day after an incident in which a shooter wounded 16 people and then killed himself. At least eight students and one teacher have been killed and several others injured following the shooting.
Israel and Lebanon hold rare talks as fighting rages. The two nations had not held official meetings in over 30 years. They entered the talks with conflicting agendas, with Israel ruling out discussion of a ceasefire in Lebanon and demanding Beirut disarm Hezbollah. Despite Hezbollah’s outright rejection, the talks are a major step for two countries with no diplomatic relations that have been officially at war since 1948.
U.S. Central Command began implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. Eastern time. Legally, the blockade is a belligerent act, and Iran’s paramilitary Islamic Revolutionary Guard Corps has already stated that a blockade would violate the cease-fire.Blockades must comply with the law of armed conflict, which includes not targeting innocent civilians.