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The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government, causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. Also, the United States said Monday that it bombed radar and drone sites in Iran after Tehran shot down an American drone […]

WASHINGTON, June 1 (Reuters) – U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran.  The Institute for Supply Management said on Monday its manufacturing PMI advanced to 54.0 last month, the highest reading since May 2022, from 52.7 in April. A reading above 50 indicates expansion […]

By Andrew Chung June 1 (Reuters) – The U.S. Supreme Court asked President Donald Trump’s administration on Monday to weigh in on whether it should hear a bid by Robinhood Markets to shut down a lawsuit accusing the online brokerage of misleading investors about its financials and growth prospects for its initial public offering. The justices are considering whether to take up Robinhood’s appeal of a lower court’s decision to […]

DUBAI, June 1 (Reuters) – Iran’s Tasnim news agency said on Monday that Tehran’s negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as diplomatic efforts to end the three-month-old Iran war continue. The agency said Iran and the Resistance Front, which includes its Shiite allies in Yemen, Lebanon and Iraq, have set an agenda to completely block the Strait of […]

June 1 (Reuters) – Nvidia has turned the spotlight on AI PCs after CEO Jensen Huang launched a new chip that would put artificial intelligence capabilities directly into laptops and desktop computers, amid mixed demand for such devices already in the market. HP last week said AI-optimized computers helped lift its quarterly results, whereas Dell said in January that the AI boom had not generated the kind of demand it […]

NAIROBI, Kenya (AP) — Hundreds of women on Monday took to the streets of Kenya’s capital, calling for the government to urgently investigate rising cases of gender-based violence and femicide, or the killing of women. The women walked through the streets of Nairobi holding placards with messages such as “Stop Killing Women,” while also creating awareness about the disappearance and murders of children reported locally in recent weeks. Police escorted […]

BOGOTÁ, Colombia (AP) — Bombastic pro-Trump lawyer Aberaldo de la Espriella pulled ahead as a leader in Colombia’s race for the presidency in the first round of elections over the weekend, capitalizing on a growing appetite for heavy-handed crackdowns on criminal groups across Latin America. But the second-place finisher, progressive senator Iván Cepeda, and his ally President Gustavo Petro questioned the results of the election Sunday night without providing evidence. […]

KHUJAND, Tajikistan (AP) — It’s 5:30 a.m. and the bustle has already begun at the Panjshanbe Bazaar, one of the largest in Tajikistan. Vendors unload vans of cabbages. Pigeons flock outside the mosque next door. A portrait of President Emomali Rahmon looms above. Rahmon has been in power since 1992, overseeing the Central Asian country since shortly after its independence from the dissolving Soviet Union. Mountainous and the poorest of […]

NEW DELHI (AP) — India said it will continue engaging with Myanmar after Prime Minister Narendra Modi held talks Monday with the leader of the country’s military-backed government, despite Western sanctions imposed after the military seized power in 2021. Indian Foreign Secretary Vikram Misri told reporters in New Delhi that India’s policy is “not intended to be a commentary on the internal political arrangements” in Myanmar and that New Delhi […]