BUSINESS

The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession.

Markets rise as recession talk tempers rate hike expectations

SoftBank Group Corp's founder and Chief Executive Masayoshi Son on Friday reiterated the Japanese conglomerate was most likely to list British-based chip designer unit Arm on Nasdaq, while stressing no decision has been made.

Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook.

Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation.

Toyota Motor shares slipped after it recalled some of its first mass-made all-electric cars, launched two months ago, because of a risk of wheels coming loose, a setback to its ambitions to electrify its model range.

World leaders seek united front for Ukraine as war rages on

Dozens of Suriname villages await aid following unprecedented floods

Mexican president under pressure over priest murders

Oil prices slipped on Friday and were heading for a second weekly fall, as tight supply was overshadowed by concern that rising interest rates could push the world economy into recession.

Oil prices rose slightly in early Asian trade on Friday as nations seek to address global crude oil and fuel supply tightness.

The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve's annual "stress tests" on Thursday, showing they hold enough capital to weather an economic shock.

Japan's annual core consumer inflation topped the central bank's target for a second straight month in May, data showed on Friday, highlighting the intensifying pressure on the country's fragile economy from soaring global raw material costs.

Almost a month since Shanghai lifted its strict COVID-19 lockdowns, fashion retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping districts.

Amazon will spend $23 million to build affordable-housing units in Seattle.

Bodies of two men murdered in Brazilian Amazon returned to families

The US Supreme Court ruling in the most important gun rights case in more than a decade does not mean a New Yorker can now openly carry an AR-15 rifle into a movie theater.

Carnival Corp is expected to report a smaller quarterly loss and a spike in revenue when it announces second-quarter results on Friday, but bargain-basement prices for some cruises may squeeze the cruise operator's margins.

A former communications director for the pharmaceutical company Immunomedics pleaded guilty for her role in an insider trading scheme that involved a breast cancer drug.

Chile workers end strike at world's largest copper producer

Apple, Android phones targeted by Italian spyware: Google

Tunisia ex-PM Jebali arrested: lawyer

Canada's competition bureau is expected to ask Rogers Communications Inc to sell Shaw Communications Inc's cellular business to overcome antitrust concerns presented by Rogers' C$20 billion ($15.4 billion) acquisition of Shaw, two sources familiar with the matter told Reuters on Thursday.

Netflix is letting go another 300 workers as it continues to struggle against a decline in subscriber growth which has weighed down its stock price. 

Vietnamese electric vehicle startup Vinfast could eventually enter the electric pickup truck market, a top U.S. executive said on Thursday.

Rupert Murdoch, the media mogul who controls Fox News and the Wall Street Journal among other outlets worldwide, is reportedly set to divorce his wife Jerry Hall after five years of marriage. 

U.S. consumers lodged more than quadruple the number of complaints against U.S.

US orders all Juul vaping products off the market

Forever young: Many cold-blooded creatures don't age, studies show