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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
Wildfires ravage Los Angeles, destroying thousands of homes and claiming 10 lives as crews battle uncontained blazes. Damages soar to $50 billion, with arson suspected in one major fire.
Nearly a half-dozen wildfires have devastated Los Angeles communities, destroying thousands of homes and claiming 10 lives as of Thursday evening.
Authorities discovered the remains of two victims of the Palisades Fire, with more casualties anticipated as search teams and cadaver dogs examine vast debris sites across the city. Identification and next-of-kin notifications are pending, according to the Los Angeles County Department of Medical Examiner.
The Kenneth Fire, reported Thursday afternoon near the Los Angeles-Ventura County border, has rapidly expanded to 960 acres, making it the third-largest blaze. The Palisades Fire, the first to ignite on Tuesday, remains the largest, scorching nearly 20,000 acres, while the Eaton Fire, which started later, has ravaged 13,690 acres in Altadena and surrounding areas.
Containment efforts have seen mixed results. The Palisades Fire is now 6% contained, while the Kenneth and Eaton fires remain uncontained. Firefighters have made progress on smaller blazes, bringing the Hurst Fire to 10% containment and the Lidia Fire to 60%.
Combined, the Palisades and Eaton fires have destroyed or damaged approximately 9,000 structures, including homes, businesses, and mobile units, according to the Los Angeles Times. These fires are now the most expensive in California's history, with JP Morgan estimating economic losses nearing $50 billion, including insured losses exceeding $20 billion.
An arson investigation has been launched into the Kenneth Fire, which began in Woodland Hills and has spread over 800 acres. A suspect was detained shortly after the blaze started, but the motive and cause remain unclear. Police are treating the Victory Trailhead, where the fire ignited, as a crime scene.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Canada has announced nearly $20 billion in retaliatory tariffs on U.S. goods and billions in support for workers and businesses, escalating its trade dispute with Washington after President Donald Trump's latest duties took effect.
Pakistani exporters are facing soaring shipping costs to the U.S., with freight rates more than tripling on some routes as the Iran-U.S. conflict drives up war-risk insurance and fuel costs.
The trial of a Libyan man accused of building the bomb that destroyed Pan Am Flight 103 over the Scottish town of Lockerbie in 1988, killing 270 people, has been postponed by a U.S. federal judge.
France and Saudi Arabia have agreed on plans for a $7 billion manga-themed amusement complex near Paris, inspired by the hugely popular Japanese franchise Dragon Ball Z.
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