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Ships and boats in the Strait of Hormuz. REUTERS/Stringer
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A farmer harvests a field of lentils in Pullman, Washington. USA Pulses/Handout via REUTERS
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- The US farm economy has been pummeled by low crop prices caused by a grain oversupply, tit-for-tat tariffs triggered by Trump's trade war and skyrocketing prices of fertilizer and diesel. But pulses - which include peas, lentils and chickpeas - have been a bright spot due to rising demand for protein-infused foods.
- SpaceX is telling prospective investors its board will not need a majority of directors who are independent of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and artificial intelligence maker.
- US airlines are seeing their best passenger numbers ever, cramming more people onto their planes and boosting revenues, yet in a cruel paradox, a war thousands of miles away is torching profits through a crushing fuel cost burden.
- Demand for rooftop solar systems across Europe has surged since the start of the Iran war, as households rush to shield themselves from soaring power prices triggered by the worst global energy disruption in history.
- Economists gathered this week for the IMF and World Bank meetings amid soaring oil prices. In this Viewsroom podcast, Breakingviews columnists discuss how debt-laden countries face an impossible task of managing inflation, higher rates and defence demands while protecting voters.
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The Trump administration has cut more than 4,000 employees from some of the nation’s top law-enforcement agencies, even as it vowed to crack down on crime, according to records obtained by Reuters.
The records, from the US Justice Department’s management unit, show that the total number of employees at the FBI has dropped more than 7% since the government’s 2024 fiscal year, a loss of about 2,600 people. The Drug Enforcement Administration’s staff has dropped by about 6%, and the Bureau of Alcohol, Tobacco, Firearms and Explosives lost about 14% of its workers.
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Motorists take the ramp off Taipei Bridge, at a location known to locals as the Scooter Waterfall, during morning rush hour. REUTERS/Edgar Su
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Thousands of scooter commuters descend the ramp off Taipei Bridge during morning rush hour, creating a striking cascade known locally as the Scooter Waterfall.
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