The number of Hong Kong homes bought by mainland Chinese surged 48% in April from the previous month to a two-year high, data from property agent Midland Realty showed, supported by a strong yuan and a shift to purchasing from renting. Here are the details: • Mainland Chinese bought 1,892 homes in April, worth HK$18.9 […]
A Chinese oil supertanker appears to be sailing out of the Persian Gulf, a rare attempted crossing through the Strait of Hormuz just ahead of talks between US President Donald Trump and Xi Jinping. Supertanker Yuan Hua Hu was seen moving through the waterway on Wednesday morning, past Iran’s Larak island, on the eastern side […]
Tuesday will bring an updated look at the state of inflation in the US as the war in Iran pressures global fuel and food prices. Economists expect the Consumer Price Index rose 3.7% in April from a year ago, according to a Bloomberg survey, and 0.6% from March, which itself saw the largest monthly gain […]
Trump was to meet with his national security team Monday to discuss the war, including possible resumption of military action, Axios reported, citing three US officials. As the standoff continued, the Wall Street Journal, citing anonymous sources, reported that the United Arab Emirates had carried out assaults on Iran. The UAE became a target of […]
A two-week ceasefire in Iran began Wednesday with some immediate breakdowns between the Trump administration and Iran over the contours of the deal to reopen the Strait of Hormuz. Trump announced the deal as including a “complete” reopening of the waterway, while Iran’s initial statement promised passage only “via coordination with Iran’s Armed Forces.” But […]
The Strait of Hormuz remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed leaving the region on Wednesday, according to ship-tracking data compiled by Bloomberg. Some had links […]
Donald Trump’s decision to back down from his threat to destroy Iran’s power infrastructure came after US allies and Gulf countries privately warned the president of the dangers of following through with his threat, according to people familiar with the matter. The US president said Monday he was giving Iran a five-day reprieve from his […]
Oil resumed gains — paring a steep drop from Monday — on concern that other nations may be drawn into the Middle East war. Brent climbed toward $104 a barrel, after plunging by 11% on Monday as President Donald Trump delayed a threat to strike Iran’s energy infrastructure for five days, claiming there were talks […]
Illinois will become one of three states to require employers to offer paid time off for any reason
A coalition representing the Maine lobster industry is suing an aquarium on the other side of the country for recommending that seafood customers avoid buying a variety of lobster mostly harvested in their state
Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures
Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue
