Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders are eyeing the risk of Iranian “service fees” on ships transiting the strait. Oil hit a three-month low as Brent North Sea crude, the international benchmark, dropped […]

British Prime Minister Keir Starmer on Monday announced plans for a total ban on social media use for children under the age of 16, saying such platforms are “making children unhappy”. Starmer said the government “will ban access to social media for all children under the age of 16”, warning that the platforms are “exposing […]

The United States has granted permanent residency to Ghana’s Ken Ofori-Atta, his lawyer said Tuesday, capping a saga that saw the fugitive ex-finance minister arrested by immigration authorities. Ofori-Atta, 66, has been in the United States since January last year to receive medical treatment, including prostate cancer surgery. In January, however, he was arrested by […]

SpaceX begins trading Friday under the ticker SPCX after the biggest initial public offering ever. Elon Musk and SpaceX President and COO Gwynne Shotwell rang the opening bell on Friday, with Musk in Texas and Shotwell at the Nasdaq in New York City. The reusable rocket company said in a filing with the Securities and […]

The U.S. House of Representatives voted Tuesday to advance a $70 billion bill to fund Immigration and Customs Enforcement and other federal agencies through the end of President Donald Trump’s second term in office. The 213-211 vote sets up debate and a final vote on the bill. The Senate passed the funding bill Friday with […]

French cosmetics giant L’Oréal is facing six class action lawsuits in the United States over allegations that certain acne-treatment products sold under its CeraVe brand may expose consumers to benzene, a chemical classified as a known human carcinogen. The legal actions stem from concerns about products containing benzoyl peroxide, a common acne treatment ingredient. According […]

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