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Today: May 13, 2026
Today: May 13, 2026

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Business|Economy|Technology

South Korea has room for active fiscal spending thanks to AI boom, Fitch says

South Korea has room to use fiscal policy to mitigate the economic impact of the Middle East conflict, thanks to an artificial intelligence boom, credit ratings agency Fitch said on Wednesday. "If authorities are choosing to support demand through spending more, we don't necessarily see that as a policy misstep or an aggressively loose fiscal policy given the current environment," Sagarika Chandra, Fitch's APAC sovereign ratings director, said in an interview with Reuters. "In the current environment where there is some possible pressure because of the external developments related to the M
South Korea has room for active fiscal spending thanks to AI boom, Fitch says
Business|Economy|Finance|Stock Markets|World

Japanese investors sell foreign stocks in April as energy costs rise

Japanese investors turned net sellers of foreign stocks for the first time in four months in April, as concerns over higher energy costs from the Iran war and the risk of broader inflation prompted caution on overseas equities.They divested a net 636.4 billion yen ($4.04 billion) of foreign stocks last month, logging the largest monthly net sales since October 2025, data from the Ministry of Finance showed on Wednesday. Japanese selloff in foreign bonds, however, eased to a three-month low of 219.2 billion yen in April.U.S. consumer inflation gained at the fastest pace in three years in April
Japanese investors sell foreign stocks in April as energy costs rise
Business|Economy|Technology|World

BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

BYD is negotiating with Stellantis and other European car makers to take over underused factories in the region, Bloomberg News reported on Wednesday, citing the Chinese company's top international executive.The world’s largest seller of electric vehicles is discussing potential deals to take on plants in countries like Italy, BYD's Executive Vice President Stella Li told Bloomberg in an interview.BYD prefers to operate the plants on its own rather than joint ventures, Li said, according to the report.Li's comments come a few days after Stellantis and China's Leapmotor announced a plan to s
BYD in talks with Stellantis and others about taking over Europe plants, Bloomberg News reports

US News

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Business|Crime|Entertainment|Lifestyle|US

Kouri Richins set to be sentenced for her husband’s murder on what would have been his 44th birthday

Eric Richins, a Utah father of three, would have turned 44 years old on Wednesday. Instead, his wife will be sentenced for his murder.After a weekslong trial earlier this year, an eight-person jury convicted Kouri Richins, 36, of aggravated murder for fatally poisoning her husband in March 2022. She was also found guilty of attempted aggravated murder for trying to kill him weeks before his death, on Valentine’s Day, and insurance fraud and forgery related to his life insurance coverage.Kouri Richins – who published a children’s book about coping with grief following Eric Richins’ deat
Kouri Richins set to be sentenced for her husband’s murder on what would have been his 44th birthday
Sports|US|World

Dorofeyev scores in OT to give Golden Knights 3-2 win over Ducks and 3-2 series lead

Pavel Dorofeyev has made a name for himself with his shot from the right circle, the epitome of a skilled player making the best use of his talents by setting the Vegas record for power-play goals with 20 this season. But this is the Stanley Cup playoffs and toughness is asked of all the players. Dorofeyev took a hard shot off his right knee in the second period Tuesday night, forcing him to leave the ice for a few minutes. But Dorofeyev, who earlier had a power-play goal, scored at 4:10 of overtime to give Vegas a 3-2 victory over the Anaheim Ducks, moving the Gol
Crime|Environment|Political|US

New York Times: ‘Alligator Alcatraz,’ the controversial Florida migrant detention facility, will close

Florida will shutter its controversial “Alligator Alcatraz” migrant detention facility by early June, The New York Times and CNN affiliate WFOR report, citing sources.Vendors at the site were told Tuesday that detainees will be removed by “the start of” June and the center will be dismantled in the following weeks, three people familiar with the facility’s operations told The New York Times.WFOR reported similar details about notices given to state contractors who run the facility, citing four sources familiar with the announcement.Though the facility, embedded deep in the Florida Ev
New York Times: ‘Alligator Alcatraz,’ the controversial Florida migrant detention facility, will close
Economy|Political|US|World

Trump says stopping Iran's nuclear program outweighs Americans' economic pain

U.S. President Donald Trump said on Tuesday that Americans’ financial struggles are not a factor in his decision-making as he seeks to negotiate an end to the Iran war, saying that preventing Tehran from acquiring a nuclear weapon is his top priority.Asked by a reporter to what extent Americans’ financial situations were motivating him to strike a deal, Trump said: “Not even a little bit.”"The only thing that matters, when I’m talking about Iran, they can’t have a nuclear weapon," Trump said before departing the White House for a trip to China. "I don’t think about Americans’

World News

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Asia|Crime|Political|World

Former Philippine ‘drug war’ police chief runs away from government agents to avoid international arrest warrant

Scurrying through the backhalls and stairwells of the Philippine Senate, trailed by aides and falling over at least once, the large, bald man was trying to evade local agents.At the center of this comedic cat-and-mouse chase was Senator Ronald Dela Rosa, a longtime ally of former Philippine President Rodrigo Duterte, who has gone from a powerful enforcer of a bloody drug crackdown to a wanted criminal on the run.The scene was captured on CCTV and quickly became talk of the entire country.Prosecutors at the International Criminal Court (ICC) accuse Dela Rosa of conspiring with Duterte in allege
Former Philippine ‘drug war’ police chief runs away from government agents to avoid international arrest warrant
Education|Europe|Health|Travel|World

Catherine, Princess of Wales, visits Italy in first overseas royal trip since cancer treatment

In the small, historic city of Reggio Emilia in Northern Italy, the sense of pride is only heightened this week when a major royal pays a visit, with the global media travelling in her wake.Catherine isn’t Italy’s princess. The pride comes from the way the Princess of Wales is expected to shine her formidable spotlight on Wednesday upon one of the city’s crown jewels – a revolutionary, and much-imitated approach to preschool education.The Reggio Emilia Approach is more philosophy than method. First developed after World War II, it’s become nearly as defining for the town as the local
Arts|Health|Sports|World

NBA-Jason Collins, first openly gay active NBA player, dies at 47

Jason Collins, the first openly gay active player in the NBA, has died at the age of 47 after battling cancer, his family said on Tuesday.Collins revealed in September that he was undergoing treatment for a brain tumour and later disclosed he had stage four glioblastoma, an aggressive form of brain cancer. "We are heartbroken to share that Jason Collins, our beloved husband, son, brother and uncle, has died after a valiant fight with glioblastoma," the family said in a statement.Collins made headlines in 2013 when he became the first active male athlete in one of North America's four major
NBA-Jason Collins, first openly gay active NBA player, dies at 47
Business|Economy|Political|World

Trump set to meet with Xi in Beijing as war and inflation weigh on his presidency

U.S. President Donald Trump is set to arrive in Beijing on Wednesday for his highly anticipated summit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence. “We're the two superpowers,” Trump told reporters as he departed the White House on Tuesday. “We're the strongest nation on Earth in terms of military. China’s considered second.” While Trump likes to project a sense of strength, the visit occurs at a delicate moment for his presidency as his popularity at home has been weighed down by th

Latest

Business|Economy|Education|Environment|Europe|Health|Political

Who could replace Keir Starmer as Labour leader and Britain’s prime minister?

Who could replace Keir Starmer as Labour leader and Britain’s prime minister?
Health|Political|Science

'He was having some difficulty': Trump reacts to resignation of his FDA chief

Food and Drug Administration Commissioner Marty Makary is leaving the Trump administration, according to three people familiar with the situation, after President Donald Trump signed off on a plan to fire him last week.

Business|Economy|Entertainment|Finance|Stock Markets|Technology

Online seller eBay rejects GameStop's $56 billion takeover offer

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.”

Business|Economy|Environment|Lifestyle|Technology

Amazon looks to redefine a need for speed with 30-minute deliveries

Amazon looks to redefine a need for speed with 30-minute deliveries
Business|Economy|Finance|Lifestyle

‘My life is not affordable. No one cares’

‘My life is not affordable. No one cares’

Business|Crime|Economy|Environment

Ship operator and employee are charged in crash that caused the deadly collapse of Baltimore bridge

Prosecutors have filed criminal charges against the operator of the ship that crashed into Baltimore’s Francis Scott Key Bridge in March 2024 leading to the deaths of six construction workers

Political|Sports

Virginia representative distances herself after agreeing with radio show host’s offensive comment about Jeffries

Virginia representative distances herself after agreeing with radio show host’s offensive comment about Jeffries
Business|Economy|Finance|Opinion

Why Kevin Warsh might still prove to be an independent Federal Reserve chair

Kevin Warsh has come under scrutiny for his ties to finance, but that background may also bolster more independence once he’s confirmed as Federal Reserve chairman.

Business|Economy|Food|Interview

Food truck feels the pinch from rising gas and food prices

Anabel Martinez, the owner of Eagles Tacos in Los Angeles, says her food truck business has taken a huge hit from the fluctuations in fuel and food prices since the beginning of the war in Iran. CNN’s Julia Vargas Jones speaks to Martinez about how she has been handling the economic turmoil and how she feels about the war.

Election

Nebraska’s ‘blue dot’ at the center of red-hot Democratic primary race

Nebraska’s ‘blue dot’ at the center of red-hot Democratic primary race

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

Technology

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Arts|Business|Economy|Education|Environment|Finance|Science|Technology|World

US tariff whiplash pushed toy factory in China to brink of collapse

US tariff whiplash pushed toy factory in China to brink of collapse
Business|Economy|Technology|World

Locked in a stalemate with Iran, Trump heads to China

Locked in a stalemate with Iran, Trump heads to China
Business|Economy|Technology|World

Trump takes Nvidia CEO on mission to 'open up' China

Trump takes Nvidia CEO on mission to 'open up' China
Business|Science|Technology|World

Tech rivalry, distrust sap summit hopes for Trump-Xi AI push

Tech rivalry, distrust sap summit hopes for Trump-Xi AI push