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Asian shares jumped and the price of crude oil was holding above $100 a barrel on Thursday as investors bet on hopes the U.S. and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again. Japan’s benchmark Nikkei 225 index jumped 4.6% to 62,243.88, while the Hang Seng in Hong Kong gained 1.2% to 26,531.35. The S&P/ASX 200 in Australia was up 1.2% at 8,870.90. […]

By Joshua McElwee VATICAN CITY, May 7 (Reuters) – U.S. Secretary of State Marco Rubio will meet Pope Leo at the Vatican on Thursday, in a potentially fraught encounter as President Donald Trump has continued a series of disparaging attacks on the Catholic leader over the Iran war. Rubio, who also serves as Trump’s national security adviser, was due to arrive at the Vatican’s Apostolic Palace around 11:15 a.m. (0915 […]

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds WASHINGTON (AP) — Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy’s disparities, new research released Wednesday showed. Higher-income households, meanwhile, ratcheted up their spending on gas while barely reducing their consumption, according to a report from the […]

An outrageous owner and savvy businessman, Ted Turner reshaped the sports world ATLANTA (AP) — Ted Turner was a sportsman and visionary media mogul who transformed the Atlanta Braves into a national sensation. He bought the struggling team in the 1970s, broadcast their games nationwide, and turned them into a World Series mainstay by the 1990s. Turner also owned the NBA’s Atlanta Hawks and the NHL’s Atlanta Thrashers. He founded […]

May 6 (Reuters) – China’s financial regulator has advised the country’s largest lenders to temporarily suspend new loans to five refineries recently sanctioned by the U.S. over their ties to Iranian oil, Bloomberg News reported on Wednesday, citing people familiar with the matter. Reuters could not immediately verify the report. The National Financial Regulatory Administration (NFRA) has in an verbal guidance asked the banks to refrain from extending new yuan-denominated loans, the report […]

BRUSSELS, May 7 (Reuters) – EU countries and European Parliament lawmakers agreed on Thursday to watered-down landmark artificial intelligence rules, including delaying their implementation, following pressure from some governments and businesses. “The Cyprus Presidency, representing the Council, and the European Parliament negotiators have just reached a provisional agreement on the proposal aimed at streamlining and simplifying certain rules regarding artificial intelligence,” Cyprus, which currently holds the rotating EU Council presidency, […]

WASHINGTON (AP) — The U.S. military fired on an Iranian oil tanker Wednesday as President Donald Trump sought to pressure Tehran into reaching a deal to end the war. The Islamic Republic said it was reviewing the latest American proposals. A fighter jet shot out the rudder of the tanker in the Gulf of Oman as it tried to breach the American blockade of Iran’s ports, U.S. Central Command said in a social […]

NASHVILLE, Tenn. (AP) — Republicans in several Southern states pressed ahead with an aggressive election-year redistricting effort Wednesday to their plans to reshape congressional districts that have suddenly become vulnerable because of a U.S. Supreme Court ruling.  In Tennessee, protesters repeatedly interrupted legislative hearings on the redistricting plans. Undeterred Republicans advanced them for a potential final vote Thursday.  Republicans in the Alabama House approved a measure to upend the state’s […]

JUNEAU, Alaska (AP) — Alaska wildlife agents can resume shooting and killing black and brown bears — including from helicopters — as part of a plan to help recover a caribou herd that was once an important source of food for Alaska Native hunters, a judge ruled Wednesday. Two conservation groups, the Alaska Wildlife Alliance and Center for Biological Diversity, sought to halt the program while their lawsuit challenging its […]