• Top Asia Pacific Breaking News: Latest Updates
  • Trump Calls Off Latest Iran Strikes
  • China Car Exports Jump 73% in May
  • The Trump Report: The Latest Updates
  • China Touts Xinjiang at Trade Forum
US producer prices spike in May in largest yearly jump since 2022

WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index – which captures inflation before it reaches consumers – jumped 6.5% from May 2025.

Aftershocks complicate Philippine recovery from quake that killed 45

GENERAL SANTOS, Philippines (AP) – Dozens of rescuers in hard hats scrambled out of a partially collapsed grocery in a southern Philippine city Wednesday as it was rattled by an aftershock from a powerful earthquake that left at least 45 people dead and 17 others missing in the region.

UK defense secretary resigns, saying government not willing to spend enough on military

LONDON (AP) – U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers – millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk’s plans to take the rocket maker public.

Europe's central bank raises rates to fight inflation from Iran war

FRANKFURT, Germany (AP) – The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices.

US producer prices spike in May in largest yearly jump since 2022

WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index – which captures inflation before it reaches consumers – jumped 6.5% from May 2025.

The Trump Report: The Latest Updates

President Donald Trump on Thursday said the U.S. would hit Iran “VERY HARD TONIGHT,” threatening in a social media post to “assume total control” of Iran’s oil and gas industries, including the key Kharg Island, in the “not too distant future.”

Trump says he has called off latest threats to strike Iran

DUBAI, United Arab Emirates (AP) – U.S. President Donald Trump said Thursday he has called off new military strikes on Iran, hours after threatening to escalate the war. The president said in a social media post that he made the move “based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved.”

UK defense secretary resigns, saying government not willing to spend enough on military

LONDON (AP) – U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

JERUSALEM (AP) - Iran launched missiles at Israel in the first such bombardment since a fragile ceasefire took effect in early April, raising the possibility of a return to heavy fighting and complicating mediation efforts to end the war.