The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.
The Iran war’s disruption to global crude oil and LNG markets is already being measured in lost barrels and higher prices. Now, with a U.S.-Iran peace deal expected to reopen the Strait of Hormuz, the reckoning begins: was this a watershed moment, or merely another blip?
The parent of U.S. yogurt brand Dannon sued rival Chobani on Monday, accusing it of misleading consumers with claims about a higher-protein line of yogurt.
Florida’s attorney general sued TikTok on Monday over claims it is violating the state’s law barring social media platforms from allowing children under age 14 to create accounts.
U.S. stocks rallied on Monday and crude prices dropped after the U.S. and Iran announced they have reached a deal to end the war and reopen the Strait of Hormuz, the closure of which has rattled markets worldwide and sparked fears of systemic inflation.
A U.S. Air Force B-52 Stratofortress bomber, designed to carry nuclear and conventional weapons, crashed on Monday shortly after takeoff from Edwards Air Force Base in Southern California’s Mojave Desert, the base said.
California Governor Gavin Newsom on Monday accused President Donald Trump of directing the Justice Department to undertake a politically motivated investigation of him and his wife.
The White House and Justice Department have both denied any impropriety with Trump’s clemency actions.
The Trump administration and Iran’s leadership agreed on Sunday to terms to end their war and reopen the Strait of Hormuz, a development that has delivered significant relief to global markets.
The four-day poll gathered responses before and after Trump announced on Sunday that he and Iranian leaders had agreed to end the war.