Trump declares U.S. ‘Guardian of Hormuz’, proposes 20% shipping levy
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claim...
Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.
As the U.S. faces stronger inflation and uncertainty over President Trump’s tariffs, Walmart’s quarterly earnings report is expected to give investors a closer look at the health of consumer spending. With inflation pushing up the costs of goods and services, including food and gasoline, the retailer's performance will reveal whether these economic pressures are curbing discretionary spending.
Walmart, known for being a bellwether for U.S. consumer health, is seen as a key indicator of broader trends in the economy. Experts are particularly focused on how much higher prices are impacting shoppers' behavior. The report will be followed closely by other major retailers, as the fourth-quarter earnings season continues and the outlook for 2025 profits moderates.
Investors are watching for clues on how tariffs, especially the ones on Chinese imports, could affect prices and profits in the coming months. Walmart's response to these challenges will offer important insights into consumer sentiment and the overall retail sector's performance.
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claimed to have expanded attacks on U.S. military facilities across the Gulf.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
Qatar is mourning the death of its former ruler, Sheikh Hamad bin Khalifa Al Thani, who has passed away at the age of 74.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
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