UPS and FedEx have begun filing claims to seek refunds of certain U.S. tariffs, taking early steps in a new federal refund process that could return large sums to businesses that paid the duties. The filings come as the Trump administration has started issuing tariff refunds and opened a portal for companies to submit claims….
Former President Donald Trump said “maybe” the federal government should help struggling Spirit Airlines, weighing in on the carrier’s financial distress and raising the prospect of public support for a major U.S. discount airline. Trump’s comments, reported by multiple outlets, centered on Spirit Airlines, the Florida-based ultra-low-cost carrier known for low base fares and add-on…
Volkswagen said it will introduce voice-based artificial intelligence in its cars sold in China starting later this year, adding a new in-vehicle feature aimed at improving how drivers interact with their vehicles. The automaker’s announcement focuses on China-market vehicles and centers on voice AI capabilities inside the cabin. Volkswagen did not, in the information provided,…
Oil prices fell and U.S. stocks rose as investors focused on the prospect of peace talks, a shift that eased some of the market’s recent anxiety about geopolitical risk. The move was most visible in energy markets, where crude prices retreated, and in equities, where major stock indexes posted gains. The immediate driver in trading…
Kevin Warsh, President Donald Trump’s nominee to serve as chair of the Federal Reserve, is scheduled to appear before the Senate on Tuesday for a confirmation hearing that will put his views on interest rates, inflation, and the central bank’s independence under a spotlight. The hearing will give lawmakers their first formal opportunity to question…
South Korean police have sought an arrest warrant for Bang Si-hyuk, the billionaire founder of Hybe, the entertainment company behind global K-pop group BTS, according to multiple published reports. The request for a warrant places one of South Korea’s most prominent music executives at the center of a criminal investigation. Bang built Hybe into a…
Japan has approved scrapping a long-standing ban on exporting lethal weapons, marking a major shift in the country’s postwar security posture and loosening rules rooted in decades of pacifist policy. The move was approved by Japan’s government and changes how the country can participate in international defense cooperation, including the ability to transfer weapons and…
Rep. Nancy Mace, a Republican from South Carolina, has introduced a House resolution seeking to expel Rep. Cory Mills, a Florida Republican, from Congress. The measure, filed in the House, targets a sitting member of Mace’s own party and sets up a high-stakes test of whether the chamber will take up one of its most…
Apple has named longtime hardware executive John Ternus as its next chief executive, handing him a high-stakes mandate as the company confronts mounting pressure to sharpen its artificial intelligence strategy. Ternus, an Apple insider best known for overseeing major hardware programs, will take over from Tim Cook, who is stepping down after nearly 15 years…
Japan has approved lifting its long-standing ban on exporting lethal weapons, marking a major shift in the country’s post-World War II pacifist policy. The move changes Japan’s defense export restrictions and opens the door for the country to sell lethal arms abroad under updated rules. It represents a significant policy overhaul for a nation whose…
The U.S. military has seized an Iran-flagged cargo ship near the Strait of Hormuz after what President Donald Trump said was an attempt by the vessel to pass a blockade in the strategic waterway. Trump publicly described the operation as a forcible seizure of the ship, identifying it as the Touska, and said U.S. forces…
Japan has approved its biggest change in decades to rules governing defense equipment exports, a move that opens the door for Japanese-made weapons and military technology to reach a wider range of overseas buyers. The policy shift revises long-standing restrictions that had sharply limited what Japan could sell abroad and under what circumstances. Under the…