Yahoo Finance's Seana Smith and Jared Blikre on the biggest headlines moving the markets in afternoon trading.
In the United States, she said, “the flipside'' of unexpectedly strong economic growth is that it ”taking longer than expected'' to bring inflation down. Georgieva also warned that government debts are growing around the world. On Tuesday, the IMF said it expects to the global economy to grow 3.2% this year, a modest upgrade from the forecast it made in January and unchanged from 2023.
Google has fired more than two dozen employees for protesting the company's $1.2 billion contract to provide the Israeli government and military with cloud and artificial intelligence services.
The United States on Thursday announced new sanctions on Iran targeting its unarmed aerial vehicle production after its missile and drone strike on Israel last weekend. The U.S. Treasury Department statement said the measures targeted 16 individuals and two entities enabling Iran’s UAV production, including engine types that power Iran’s Shahed variant UAVs, which were used in the April 13 attack. Treasury said it was also designating five companies in multiple jurisdictions providing component materials for steel production to Iran’s Khuzestan Steel Company (KSC), one of Iran’s largest steel producers, or purchasing KSC’s finished steel products.
If Israel targets Iranian nuclear sites, Iran "will surely and categorically reciprocate with advanced missiles against their own nuclear sites."
When a deadly explosion destroyed BP’s Deepwater Horizon drilling rig in the Gulf of Mexico, 134 million gallons of crude erupted into the sea over the next three months — and tens of thousands of ordinary people were hired to help clean up environmental devastation from the biggest offshore oil spill in U.S. history. Recognizing that some members of cleanup crews had likely become sick, BP agreed to a medical claims settlement two years after the 2010 disaster. Through the settlement, BP has paid ill workers and coastal residents a tiny fraction — $67 million — of the billions the company has spent on restitution for economic and environmental damage.
The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East. Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel. Additionally, the U.K. is targeting several Iranian military organizations, individuals and entities involved in Iran’s drone and ballistic missile industries.
Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.
Traumatised 10-year-old students stare at their destroyed schools in Gaza, a grim reminder of the education and time with friends in the playground lost since the war erupted over six months ago. It's all a grim reminder of the education and dreams those who represent the future of Gaza -- a densely packed strip of land with severe shortages of water, food, medicine and healthcare -- have lost since the conflict erupted on Oct. 7. Hamas militants attacked Israel, killed 1,200 people and took over 200 hostages according to Israeli tallies, in a surprise operation that pointed to major Israeli intelligence failures.
Rates of sudden unexpected infant deaths have not gone down significantly over the last 20 years, and in some racial groups the numbers are rising.
A judge in Tunisia sentenced a journalist and political commentator to six months in prison in the country's latest assault on members of the media who criticize the government. Mohamed Boughalleb, who had been charged with insulting a public official, was sentenced Wednesday and will remain behind bars, where he has been since his arrest last month after an official lodged a complaint against him. The official alleged he was harmed by Boughalleb's commentary linking him to corruption and misuse of public funds.
In 'Deep Sky,' JWST comes to the really big screen with an abundance of data and no shortage of tears.
The legal team of the suspect accused of killing four University of Idaho students in 2022 has said that cellphone tower data proves he was out driving late at night and miles away when they were killed.
Google has fired 28 employees involved in protests over the tech company's cloud computing contract with the Israeli government, according to statements from the company and campaigners. The workers held sit-ins at the company’s offices in California and New York over Google's $1.2 billion contract to provide custom tools for Israeli's military. Google said “a small number of employee protesters entered and disrupted a few of our locations.”
Britain has decided not to designate genomics as critical national infrastructure, Deputy Prime Minister Oliver Dowden said on Thursday, adding a review of the issue had concluded that the current system provided sufficient controls. Dowden had said last year he was exploring whether to designate genomics as critical national infrastructure (CNI), amid pressure from lawmakers concerned at China's activity in the field. CNI is infrastructure that, if compromised, could have a major detrimental impact on essential services or a significant impact on national security, and a designation can result in greater scrutiny of how contracts and research are handled in a sector.
Croatia ’s ruling conservatives said Thursday that talks have already started about the formation of a new governing majority following a highly contested parliamentary election that saw a far-right party emerge as a potential kingmaker. Prime Minister Andrej Plenković, who is the leader of the Croatian Democratic Union party, or HDZ, said that the party has contacted some of the potential future partners and more talks will take place on Thursday. Preliminary results of the vote on Wednesday showed that Plenković's HDZ won 61 seats in the 151-seat parliament, which means the party has to form a coalition government to stay in power.
The last time Bishop Mar Mari Emmanuel addressed his parishioners he was standing at the front of a church delivering an Assyrian bible reading that was dramatically cut short by the dark shadow of an assailant allegedly armed with a knife.
Trump complains about jury selection as trial resumes. USC cancels Muslim valedictorian's speech. Teacher accused of abuse at Miss Hall's girls boarding school.
Archaeologists have discovered Maya royal bones that were dramatically and deliberately burned to indicate the end of a political era.
Got a few hundred thousand dollars to spare? Here’s how Olympic-class spenders will be watching the summer games in Paris this year.
Dubai's airport, one of the world's busiest, witnessed major disruption for the third day in a row on Thursday after the heaviest rains on record drenched the desert United Arab Emirates.Traffic congestion remained severe on Thursday, two days after the storms, with at least one major highway completely blocked by water and multiple other junctions and routes also cut off by flooding.
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