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 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.
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.
Excerpts from recent editorials in the United States and abroad:
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.”
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.
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.
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 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.