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NEW YORK (AP) - Oil prices and stock markets worldwide kept swinging with uncertainty about what will happen with the Iran war. The S&P 500 ended 0.1% lower Monday. The Dow Jones added 0.3%, and the Nasdaq composite fell 0.5%. Stock prices moved in the opposite direction of oil prices.
MANILA, Philippines (AP) – The Philippine Senate convened as an impeachment court Monday for the trial of Vice President Sara Duterte over criminal charges, in a time of deep divisions that erupted into an exchange of gunfire last week in the chamber.
KYIV, Ukraine (AP) – Russia targeted eight regions of Ukraine in its latest nighttime drone and missile barrage, Ukrainian President Volodymyr Zelenskyy said Monday, with local authorities reporting that the strikes wounded more than two dozen civilians, including three children.
OAKLAND, Calif. (AP) – A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence’s development for the good of humanity.
HONG KONG (AP) – Liquidators of the failed Chinese property developer China Evergrande are seeking 57 billion yuan ($8.4 billion) from accounting firm PwC over its auditing work, a Hong Kong court heard on Monday.
NEW YORK (AP) – U.S. prosecutors asked a judge Monday to dismiss criminal fraud and conspiracy charges against Indian billionaire Gautam Adani, who had been accused of duping investors in a massive solar project in India. Adani, one of the world’s richest people, was accused in 2024 of paying massive bribes to ensure the project’s success.
WASHINGTON (AP) – The Trump administration on Monday announced the creation a $1.7 billion fund to compensate allies of the Republican president who believe they were mistreated by the Biden administration Justice Department.
BEIJING (AP) – Russian President Vladimir Putin is traveling to China to meet with Chinese leader Xi Jinping less than a week after U.S. President Donald Trump wrapped up his own trip to Beijing.
World shares mostly retreated and oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell and markets in Japan and South Korea pulled back from their records.
NEW DELHI (AP) – Iran ‘s foreign minister said a lack of trust is the biggest obstacle in negotiations to end the war with the U.S., saying Friday that Tehran would be open to diplomatic help, particularly from China, to help ease tensions. Iranian Foreign Minister Abbas Araghchi said contradictory messages have “made us reluctant about the real intentions of Americans.”
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