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- Spanish authorities evacuate British passengers from hantavirus-hit cruise ship
- EU commissioner urges member states to open accession talks for Ukraine
- Scientists warn that Euphrates River could face severe drying by 2040
- EPP pushes for EU-US trade deal discussions, Socialist chair insists on 19 May
- Laos detains hostel owner as investigation into methanol poisoning continues
- Sanctions target Hamas amid international criticism of Israel’s settlements
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- Turkish Airlines plane catches fire upon landing at Kathmandu airport
Business
The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.
President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.
Meta is laying off 8,000 workers, about 10 per cent of its workforce, to enhance efficiency and focus on artificial intelligence investments. Concurrently, Microsoft is offering voluntary buyouts to approximately 8,750 employees, marking a significant shift for the company amid industry-wide cost adjustments.
Elon Musk is to launch $300 million share offer in bid to refocus on business after a wild time in US politics – that hit the billionaire’s pocket hard.
KKR, previously the preferred bidder to rescue Thames Water, has withdrawn, complicating the company’s financial stability amid a £22.8bn debt crisis.
The UK government is prepared to take legal action against Roman Abramovich over £2.5 billion in frozen proceeds from the sale of Chelsea FC, intended for humanitarian aid in Ukraine.
Fraudster conned luxury hotels by selling fake Scottish tea in a scam that spanned years and left him living the life of a gangster.
Cliff Notes – IMF upgrades UK economic growth forecast The IMF has revised its UK…
This is this weeks top 5 NASDAQ Gainers and Top 5 NASDAQ Losers – Week…
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