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  • G7 Backs Trump's Deal to End Iran War
It could take weeks or months for oil to fully flow through the Strait of Hormuz

FRANKFURT, Germany (AP) – The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But even as the price of oil dropped Monday, many questions remained about when and how it would start flowing again through the world’s most vital artery for energy shipments.

G7 Leaders to discuss Iran and Ukraine at summit in France

World leaders are gathering in a French spa town Monday for a summit of the Group of Seven club of powerful democracies with a new impetus following President Donald Trump ‘s announcement of an agreement that he says will bring an end to the U.S. war against Iran.

G7 leaders open summit talks on Ukraine and the Middle East as Zelenskyy joins in France

EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit of major industrialized nations face a packed agenda on their first full day Tuesday, including challenging discussions on ending Russia’s war in Ukraine and addressing the Middle East crisis. Ukrainian President Volodymyr Zelenskyy will be in attendance at the invitation of host France.

SpaceX buys AI coding startup Cursor for $60 billion for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.

Bank of Japan raises its key interest rate to three-decade high

TOKYO (AP) – The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high.

Pizza Hut, overtaken by delivery culture, will be sold for $2.7 billion

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.

G7 leaders back Trump's deal to end Iran war as more details emerge

EVIAN-LES-BAINS, France (AP) – Leaders at the Group of Seven summit on Wednesday threw their support behind U.S. President Donald Trump’s tentative agreement with Iran to open the Strait of Hormuz and extend a shaky ceasefire.

Read the transcript of the US draft of the memorandum of understanding over Iran war

Senior U.S. officials on Wednesday read the memorandum of understanding with Iran to journalists after days of secrecy over what is in the document. The officials spoke on condition of anonymity to read the draft, which Iran has not released, ahead of a formal signing ceremony set for Friday.

Federal Reserve keeps rate unchanged, but nearly half would support hike this year

WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.