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UK inflation slows to central bank's 2% target
British inflation slowed in May to the central bank's two-percent target, official data showed Wednesday, boosting Prime Minister Rishi Sunak's struggling election campaign. Britain's economy, however, stagnated in April after emerging from recession in the first quarter of the year, official data showed last week.
EU to warn France, Italy and more over unruly budgets
The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their excessive spending after new budget rules entered into force this year.
Chinese 'underground bankers' launder Sinaloa drug money: US
The US Justice Department on Tuesday accused Chinese "underground bankers" of helping Mexico's Sinaloa Cartel launder more than $50 million in drug trafficking proceeds. The Justice Department said the Chinese "underground bankers" had helped the cartel transfer drug profits from the United States to Mexico.
Christian studio eyes 'culture wars' challenge to Hollywood
Hollywood's alleged "wokeness" is a frequent target for right-wing commentators and politicians. The move into animation makes sense for a studio that sees Disney as emblematic of Hollywood's excessive "wokeness" and tendency to "prioritize politics over storytelling."
Despite sanctions, Russia still gets hands on Western goods
A Kansas businessman shipped banned avionics equipment to Russia through Armenia, the UAE and other third countries. - Third countries - The Kansas businessman, Cyril Gregory Buyanovsky, 60, pleaded guilty in December for his role in a "long-running scheme to smuggle sophisticated US avionics equipment to Russia", Assistant Attorney General Matthew Olsen said at the time.
Most Asian markets advance after latest Wall St record
Equities rose across most of Asia on Wednesday following yet another record day in New York fuelled by data that boosted US interest rate cut hopes, though expectations were tempered by cautious comments from Federal Reserve officials.
Mouse shakers, power naps: Corporate America fights 'keyboard fraud'
A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.
'Cheapfakes': Out-of-context videos target Biden's age
Republicans are flooding the internet with out-of-context videos of US President Joe Biden, using what the White House has characterized as deceptive editing tactics to cast the 81-year-old as infirm less than five months from November's election.
Los Angeles moves to ban smartphone use in school
Education bosses in Los Angeles voted Tuesday to work towards a complete ban on the use of smartphones in the city's schools. The Los Angeles Unified School District Board of Education, which manages the second biggest school district in the country, ordered staff to devise a plan to prohibit cell phones and social media throughout the school day.
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