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Business

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Spain's short-term rentals up 25% despite crackdown attempts
Tourist rentals soar in Spain, outpacing official clampdowns

MADRID, Spain: Spain's push to curb short-term tourist rentals is being outpaced by the market's explosive growth, new data shows —...

U.S. stock markets diverge as economic data disappoints
Wall Street ends mixed after disappointing ADP report

NEW YORK, New York -  U.S. stocks were mixed Wednesday as investors and traders grappled with the ADP report, which revealed payrolls...

Steering defect forces Ford to recall 29K electric trucks in US
Ford recalls 29,000 F-150 Lightning e-trucks for steering control flaw

DEARBORN, Michigan: Ford is pulling back tens of thousands of its electric pickup trucks over a steering defect that could lead to...

Best Buy warns of slower growth amid tariff and economic worries
Best Buy lowers outlook as tariff worries and weak sales hit business

NEW YORK CITY, New York: Best Buy, the biggest electronics store chain in the U.S., has lowered its forecast for the year. The company...

Costco delays imports to dodge tariffs, won’t raise prices yet
Costco misses revenue estimates but holds off on price hikes

ISSAQUAH, Washington: Costco is feeling the pinch from tariffs and soft consumer spending, missing Wall Street's revenue expectations...

U.S. stock markets close higher as techs surge
Dow Jones adds 214 points as U.S. stocks rally

NEW YORK, New York - U.S. stocks closed higher on Tuesday as the markets continues to ebb and flow on prouncements and moves by the...

Europe

Section
Starmer pledges war readiness with 1.5 billion pound defense boost
UK to build six new weapons factories amid global threats

LONDON, UK: As global tensions rise and Europe's defense posture shifts, the UK is ramping up its military readiness with a 1.5 billion...

Northern Ireland Justice Minister highlights misconduct by police
40 abusive police behaviour complaints in Northern Ireland since 2021

BELFAST, Northern Ireland: Northern Ireland's Police Ombudsman has received about 40 complaints of police predatory behavior since...

Hegseth reassures Indo-Pacific Allies: 'You won’t face China alone'
US vows support for Indo-Pacific against China's rising pressure

SINGAPORE: On May 31, U.S. Defense Secretary Pete Hegseth told America's Indo-Pacific allies that they would not be left alone to deal...

TikTok asks Ireland High Court to halt data ban to China
TikTok challenges Ireland's ruling on data transfers to China

DUBLIN, Ireland: TikTok is asking the High Court to stop a decision that could block the transfer of user data to China within six...

Tourists shift from U.S. to Europe as spending surges
Europe set for 11% rise in tourist spending, WTTC report says

MADRID, Spain: Europe's tourism sector is poised for a strong 2025, with international visitor spending projected to grow by 11 percent...

Tough competition, weak economy hits European investments in China
European firms cut spending amid economic slowdown in China

BEIJING, China: European companies are spending less and cutting back on investment plans in China because the Chinese economy is slowing...