WASHINGTON (AP) – U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy.
HONG KONG (AP) – Taiwan’s chipmaker TSMC, one of the world’s largest companies, reported a 58% jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence boom even as the Iran war was driving up costs.
NAIROBI, Kenya (AP) – The High Court in Kenya ruled Thursday that a class action lawsuit can move forward against multinational oil and gas company BP alleging that decades-long toxic waste disposal contaminated drinking water in northern Kenya.
Excerpts from recent editorials in the United States and abroad:
Sixty years after it invented sports drinks, Gatorade is making a surprising pivot: It’s no longer focusing primarily on athletes. PepsiCo, Gatorade’s parent company, said Thursday that the brand wants to broaden its reach to non-athletes who are looking for ways to hydrate, whether they’re on a long flight, going for a walk or nursing a hangover.
MANDAN, N.D. (AP) – It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle – and that’s not an easy ask.
HONG KONG (AP) – China’s economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far, according to data released Thursday.
NEW YORK (AP) – A jury has found that concert giant Live Nation and its Ticketmaster subsidiary had a harmful monopoly over big concert venues, dealing the company a loss in a lawsuit over claims brought by dozens of U.S. states and the District of Columbia.
The owner of social media platform Snapchat said Wednesday it’s eliminating about 16% of its global workforce, or about 1,000 jobs that will be culled in its latest round of layoffs.
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