• The Latest: King Charles Visits Washington
  • United Arab Emirates to Leave OPEC
  • Ukraine Shoots Down 33,000 Russian Drones
  • US Consumer Confidence Inches Higher
  • Ukraine Accuses Israel of Importing 'Stolen' Grain
Sinking AI stocks and rising oil prices weigh on Wall Street

NEW YORK (AP) - Sinking AI stocks and another climb in oil prices helped to halt Wall Street's record-setting rally. The S&P 500 fell 0.5% Tuesday from its latest all-time high. The Dow Jones slipped 0.1%, while the Nasdaq composite fell 0.9% from its own record. Oil prices meanwhile rose by more than 2.5%.

Top Asia Pacific Breaking News: Latest Updates

BEKASI, Indonesia (AP) – Rescuers finished removing victims from a damaged commuter train car Tuesday, confirming that the crash outside Indonesia’s capital killed 15 people, all of whom were women. The crash occurred Monday when a long-distance train crashed into the rear car of the stopped commuter train at Bekasi Timur Station outside Jakarta.

Australia moves to tax Meta, Google and TikTok to fund newsrooms

MELBOURNE, Australia (AP) – Australia has proposed taxing digital giants Meta, Google and TikTok a proportion of their revenue to pay for news reporters. The government released draft legislation that would create a financial incentive for the social media companies to strike deals with news organizations to pay for journalism.

United Arab Emirates says it will leave OPEC, a blow to the oil cartel

DUBAI, United Arab Emirates (AP) – The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices.

Australia moves to tax Meta, Google and TikTok to fund newsrooms

MELBOURNE, Australia (AP) – Australia has proposed taxing digital giants Meta, Google and TikTok a proportion of their revenue to pay for news reporters. The government released draft legislation that would create a financial incentive for the social media companies to strike deals with news organizations to pay for journalism.

BP's profit doubles as US gas prices hit the highest point since the start of war in Iran

BP’s profit more than doubled in the first quarter as the war in Iran drove energy prices sharply higher. On the same day that the British energy giant reported a banner financial performance, gasoline prices in the U.S. hit new multiyear highs, a point of increasing agitation for travelers, households and also businesses.

King Charles visits Washington with hopes of restoring US-UK relationship

WASHINGTON (AP) – King Charles III will embrace some of Washington’s most formal ceremonial trappings as he tries to emphasize a bond between the United Kingdom and the United States that is so strong it can withstand the political turmoil of the moment.

Ukraine shoots down 33,000 Russian drones in March

KYIV, Ukraine (AP) – Ukraine used interceptor systems to shoot down more than 33,000 Russian drones of various types in March, a record monthly figure since Moscow launched its all-out invasion more than four years ago, Ukraine’s defense minister claimed.

Ukraine accuses Israel of importing 'stolen' grain from Russia

KYIV, Ukraine (AP) – Ukraine accused Israel on Tuesday of allowing the import of grain it says Russia stole from occupied territories, prompting a sharp exchange between officials in Kyiv and Jerusalem.