Iran war is straining African airlines, industry body warns

NAIROBI, Kenya (AP) – The war in Iran is driving up jet fuel prices and worsening supply strains for African airlines, forcing carriers to review routes and raising fresh concerns about the stability of the continent’s aviation network.

Ford recalls more than 250,000 Focus models because engines can stall unexpectedly

Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving.

Treasury expands bank data-sharing rules tied to immigration crackdown

NEW YORK (AP) – The Treasury Department moved Friday to enlist the nation’s banks more deeply in President Donald Trump’s immigration crackdown, including issuing fresh guidance that lets banks rapidly share information about suspected customers and an advisory steering them to flag signs that one of their customers may lack legal immigration status.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

The rise of UFC: from 'human cockfighting' to the White House

WASHINGTON (AP) – The beginning of Dana White and the UFC’s road to the White House can be traced back 25 years to when a fringe mixed martial arts promotion – at the time still unable to shake the “human cockfighting” label applied to the sport years earlier by a U.S. senator – ran a modest event called “Battle on the Boardwalk.”

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.

Average US long-term mortgage rate rises to 6.52%, just below high for year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started.