• Iran Attacks Third Ship in Strait of Hormuz
  • EU to Approve $106B Loan for Ukraine
  • UK to Ban Cigarette Purchases
  • Ukraine Wants Zelenskyy-Putin Summit
  • UK Inflation Rises as Petrol Prices Spike
US stocks rally to records, but Brent oil also tops $100

NEW YORK (AP) - The U.S. stock market set more records but caution still hung over Wall Street. The S&P 500 rallied 1%. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite set its own record after climbing 1.6%. The price for a barrel of Brent crude oil briefly topped $102.

Top Asia Pacific Breaking News: Latest Updates

HONG KONG (AP) – The Hong Kong government is seeking to confiscate millions of dollars in funds and corporate shares it says are linked to crimes committed by jailed former media tycoon Jimmy Lai, according to a court document seen by The Associated Press on Tuesday.

Iran fires on container ship in Strait of Hormuz

DUBAI, United Arab Emirates (AP) – Iran’s paramilitary Revolutionary Guard opened fire Wednesday on a container ship in the Strait of Hormuz, damaging the ship and further raising the stakes as planned ceasefire talks in Pakistan failed to materialize.

SpaceX says it can buy AI coding tool Cursor for $60B later this year

SAN FRANCISCO (AP) – SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk’s space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut.

UK inflation rises as prices at the pump spike after Iran war

LONDON (AP) – Inflation in the U.K. climbed in March after a sharp jump in prices at the petrol pump in the wake of the disruption to energy supplies caused by the Iran war, official figures showed Wednesday.

Apple's new CEO John Ternus steps into the spotlight

LONDON (AP) – Apple’s next CEO John Ternus is a company veteran who rose through the iPhone maker’s hardware engineering ranks but until now has maintained a low profile.

Iran's Revolutionary Guard attacks a third ship in the Strait of Hormuz

DUBAI, United Arab Emirates (AP) – Iran’s Revolutionary Guard attacks a third ship in the Strait of Hormuz, semiofficial Iranian news agencies report. U.S. President Donald Trump said Tuesday that the U.S. is indefinitely extending its ceasefire with Iran - a day before it was to expire.

EU close to approving a $106B loan for Ukraine after months of deadlock

BRUSSELS (AP) – The European Union on Wednesday was on the cusp of approving a massive loan for Ukraine as oil began flowing again through a key pipeline toward Hungary and Slovakia, lifting a major obstacle to approving the funds.

UK passes bill that will eventually ban cigarette purchases

LONDON (AP) – Opponents of smoking got a breath of fresh air as Parliament passed a bill that will put cigarettes out of reach for future generations. “The end of smoking, and the devastating harm it causes, is no longer uncertain – it’s inevitable,” Hazel Cheeseman, chief executive of Action on Smoking and Health said.

KYIV, Ukraine (AP) – Ukraine is pushing for face-to-face talks between President Volodymyr Zelenskyy and Russian President Vladimir Putin, Kyiv’s top diplomat said, presenting a potential summit as a way of injecting new momentum into U.S.-led efforts to end Russia’s more than four-year invasion of its neighbor.