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Business

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Wall Street falters as America's credit rating is downgraded
Moody's AAA rating downgrade dents U.S. stock markets, dollar, bonds

NEW YORK, New York - U.S. stocks struggled on Monday as a further downgrading of U.S. debt by Moody's sent the dollar sliding and Treasury...

Richemont sales up 7% on strong jewelry demand
Cartier owner Richemont beats expectations as jewelry shines

PARIS, France: Richemont, the owner of luxury brands Cartier and Van Cleef & Arpels, posted a stronger-than-expected seven percent...

Japan’s economy shrinks, first contraction in a year
Japan's economy shrinks more than expected as US tariff hit looms

TOKYO, Japan: Japan's economy contracted for the first time in a year, shrinking at a faster pace than expected in the first quarter...

Summer could strain power supply in US, Canada, grid operator warns
Middle swath of North America at risk of power shortfalls this summer

WASHINGTON, D.C.: Parts of the U.S. and Canada may not have enough electricity this summer if hot weather causes more people to use...

Amid retail slowdown, Dick’s Sporting to acquire Foot Locker
Dick's Sporting to buy Foot Locker for $2.4 billion

CORAOPOLIS, Pennsylvania: Dick's Sporting Goods is set to acquire Foot Locker in a US$2.4 billion deal, marking the second major footwear...

Walmart warns shoppers of price hikes amid rising tariffs
Walmart shoppers to face price hikes as Trump tariffs hit

BENTONVILLE, Arkansas: Walmart shoppers are bracing for price hikes as the world's largest retailer prepares to pass on the impact...

Travel and Tourism

Section
Boeing clinches record jet deal with Qatar Airways during Trump visit
Qatar signs deal to buy 160 Boeing jets during Trump visit

DOHA, Qatar: Boeing secured its largest widebody aircraft deal this week, as Qatar Airways placed firm orders for 160 jets with options...

1 dead, 32 injured in tour bus crash on Los Angeles freeway
1 killed, 32 injured in bus-SUV collision on Los Angeles area freeway

LOS ANGELES, California: One person died and 32 others were hurt when a tour bus and an SUV crashed on a freeway near Los Angeles over...

US sees absolute decline in international visitor spending
Foreign travel spending in US to decline 7% in 2025, report says

NEW YORK - International travel spending in the United States is projected to decline by 7 percent in 2025, amounting to a US$12.5...

Indian, Romanian climbers' latest fatalities on Nepal's Mt Lhotse
Indian, Romanian climbers' latest fatalities on Nepal's Mt Lhotse

Kathmandu [Nepal], May 19 (ANI): An Indian and a Romanian climber have become the latest fatalities in the ongoing spring expedition...

'Projects worth Rs. 1,000 targeted for completion by 2026 in Assam,' says Union Minister Sarbananda Sonowal
'Projects worth Rs. 1,000 targeted for completion by 2026 in Assam,' says Union Minister Sarbananda Sonowal

New Delhi [India], May 19 (ANI): Union Minister Sarbananda Sonowal, on Monday, reviewed the ongoing projects in Assam and the Northeast...

Update: Xi inspects central Chinese city of Luoyang
Update: Xi inspects central Chinese city of Luoyang

ZHENGZHOU, May 19 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China Central Committee, on Monday inspected...