Oil tanker arrives in South Korea after passing through Strait of Hormuz

SEOSAN, South Korea (AP) – A Malta-flagged tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast Friday after passing through the Strait of Hormuz in mid-April, a South Korean refinery said.

Court rules against global tariffs Trump imposed after Supreme Court loss

WASHINGTON (AP) – A federal court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court.

McDonald's focus on value lifts first-quarter sales

McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety over the Iran war could dent sales this spring. The average price of a gallon of gas in the U.S. was $4.55 on Thursday, according to AAA. That was 44% higher than a year ago.

Editorials from The Wall Street Journal, The New York Times, The Washington Post and others

Excerpts from recent editorials in the United States and abroad:

Emirates CEO says jet fuel costs 'well hedged' through 2029

FRANKFURT, Germany (AP) – Emirates airline group has hedged its exposure to higher jet fuel prices for the next three years and has secured enough supply to meet current and future needs, its CEO said Thursday as the company reported record annual profit.

AirAsia orders 150 Airbus A220 jets listed for $19 billion

KUALA LUMPUR, Malaysia (AP) – Budget airline AirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, marking the largest single order ever placed for the A220 planes.  The deal was announced Thursday at an Airbus factory in Mirabel, Quebec. Canadian Prime Minister Mark Carney attended.

 

New York to tax luxury second homes in NYC

NEW YORK (AP) – People who buy luxurious second homes in New York City, but live most of the year elsewhere, would have to pay a new tax on the properties under a tentative agreement – an initiative to appease Mayor Zohran Mamdani and liberal voters who launched him into office with chants of “tax the rich.”

France seek charges against Elon Musk and X over child sexual abuse images

French prosecutors are seeking charges against Elon Musk and his social platform X for child sexual abuse images on the platform, deepfakes, disinformation and complicity in denying crimes against humanity by the platform’s artificial intelligence system, Grok.

Trump says EU has until July 4 to approve last year's trade deal

WASHINGTON (AP) – President Donald Trump said in a Thursday social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year’s trade framework by July 4.