Walmart will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, even as the retailing giant’s U.S. comparable sales surpassed expectations in the first quarter. Shares of the Bentonville, Arkansas-based company rose 2% in pre-market trading. Its stock is up more than 60% over the…
LONDON (Reuters) -U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two people familiar with the matter said. Power inverters, which are predominantly produced in China, are used throughout the world to connect solar…
Donald Trump has said his administration is now exploring the possibility of normalising relations with Syria – his comments coming shortly after he met Syria’s interim President Ahmed al-Sharaa, whose forces ended the decades-long dictatorship of the Assad family. The extraordinary encounter, unthinkable just months ago, was short but significant. “I think he has got…
European Commission will study ‘Pfizergate’ ruling for next steps. May 14 (UPI) — The European Court of Justice Wednesday ruled there was no plausible reason to block The New York Times from getting European Commission President Ursula von der Leyen’s texts with a Pfizer executive. The commission blocked the texts from being released to the…
BAMAKO, Mali (AP) — The president of Mali’s transitional government signed a decree Tuesday dissolving political parties amid a backdrop of pro-democracy opposition, a minister in the government announced. The decision by Gen. Assimi Goita comes amid a surge in kidnappings of pro-democracy activists in the capital Bamako and just days after a demonstration by…
In his speech, Trump presented Middle Eastern leaders with a vision for the future steeped in prosperity, business deals and technological advances. RIYADH, Saudi Arabia — President Donald Trump announced that the U.S. would cease sanctions against war-torn Syria “to give them a chance at greatness,” as he seeks to strengthen ties to Saudi Arabiaand…
OTTAWA, May 13 (Reuters) – Canadian Prime Minister Mark Carney, who won an election last month vowing to stand up to U.S. President Donald Trump, unveiled a new cabinet on Tuesday that he said would help urgently define a new relationship with Washington. Carney cut the number of ministers to 29 from the 39 under…
China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an “important step” that could lead to “deepening cooperation” between the world’s two largest economies. Why It Matters The deal was announced by U.S. Treasury Secretary Scott Bessent following talks with Chinese Vice…
Edan Alexander, the last living American held hostage by Hamas, was freed from Gaza Monday — more than 19 months after he was taken captive. Alexander, a 21-year-old Israeli-American citizen from New Jersey, was turned over to the Israeli military after Red Cross officials secured him from the militant group just after 7:30 p.m. local…
May 12 (UPI) — U.S. President Donald Trump signed an executive order in the White House on Monday to reduce drug prices in the United States by between 30% and 80% with the aim of equalizing global prices. The executive order aims to rein in the price that the United States pays for prescription drugs,…