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Business

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Horror day on Wall Street, Nasdaq loses 4 percent
U.S. stock markets shatter, Dow Jones drops 890 points

NEW YORK, New York - U.S. stocks plunged on Monday, joining a global rout which followed U.S. President Donald Trump not ruling out...

U.S. dollar weighed down by tariffs, stock market woes
U.S. dollar has weak start to new week

NEW YORK CITY, New York - The global foreign exchange market experienced notable shifts on Monday, influenced by escalating trade tensions...

US: Refilling oil reserve fully will cost $20 billion, take years
US estimates it will take $20 billion and years to refill oil reserve

WASHINGTON, D.C.: The U.S. Energy Department estimates it will take US$20 billion and several years to refill the Strategic Petroleum...

BP CEO’s pay drops to 5.4 million pounds in 2024
BP says CEO's pay package fell to 5.4 million pounds in 2024

LONDON, U.K.: British Petroleum CEO Murray Auchincloss saw his pay package drop to 5.4 million pounds (US$6.95 million) in 2024, down...

DHL to cut 8,000 German jobs in largest layoff in 20 years
German delivery giant DHL cuts 8,000 jobs, largest in decades

BONN, Germany: DHL plans to cut 8,000 jobs in Germany this year, marking its most significant domestic workforce reduction in at least...

China targets 5 percent growth for 2025 amid economic uncertainty
China keeps its economic growth target at 'around 5 percent' for 2025

BEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...

Texas

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US: Refilling oil reserve fully will cost $20 billion, take years
US estimates it will take $20 billion and years to refill oil reserve

WASHINGTON, D.C.: The U.S. Energy Department estimates it will take US$20 billion and several years to refill the Strategic Petroleum...

US Supreme Court to weigh case on nuclear waste storage future
US Supreme Court to determine future of nuclear waste storage

WASHINGTON, D.C.: The Supreme Court is to hear arguments in a case that could determine the future of nuclear waste storage in the...

American Airlines fights antitrust ruling on scrapped JetBlue alliance
American Airlines asks Supreme Court to reconsider JetBlue alliance

WASHINGTON, D.C.: American Airlines has asked the U.S. Supreme Court to overturn a lower court's decision that ruled its now-ended...

3,000 more active-duty troops sent to US-Mexico border
Pentagon sending 3,000 more active-duty troops to US-Mexico border

WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...

Undermanned Mavs hold off Spurs, snap 5-game skid
Undermanned Mavs hold off Spurs, snap 5-game skid

(Photo credit: Daniel Dunn-Imagn Images) Spencer Dinwiddie scored 28 points off the bench as the undermanned Dallas Mavericks outlasted...

Ja Morant, Grizzlies push Suns further out of playoff contention
Ja Morant, Grizzlies push Suns further out of playoff contention

(Photo credit: Petre Thomas-Imagn Images) Ja Morant scored 29 points and added 12 assists to lead the injury-depleted Memphis Grizzlies...