Business News

6:30 AM on Friday, May 8

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Nintendo has reported its annual profit surged 52% from the previous year, lifted by solid sales of its Switch 2 machines and software

3:11 AM on Friday, May 8

Toyota has reported a 19% drop in its annual profit as President Donald Trump’s tariffs hurt its earnings, though its global sales grew

2:20 AM on Friday, May 8

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1:27 AM on Friday, May 8

Japanese electronics and entertainment giant Sony has reported a 3.4% drop in its annual profit but projects a comeback to record profits for the current fiscal year

1:14 AM on Friday, May 8

Sudan and its farmers were already struggling after three years of war at home, but now the conflict in the Middle East has disrupted supply chains

12:54 AM on Friday, May 8

A South Korean refinery says a tanker carrying 1 million barrels of crude oil arrived off South Korea’s west coast after passing through the Strait of Hormuz in mid-April

12:53 AM on Friday, May 8

World shares have mostly retreated and oil prices fell again after climbing as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities

12:29 AM on Friday, May 8

Southeast Asian leaders are meeting under pressure to mitigate the impact on their people and economies of the Iran war, which one top minister says, “should not have occurred in the first place.”

11:09 PM on Thursday, May 7

The Iran war’s shaky ceasefire faces new challenges as the United Arab Emirates responded to Iranian missile and drone strikes

9:13 PM on Thursday, May 7

FIFA tripled the price of its best available tickets to the World Cup final, making $32,970 seats available for the July 19 match at MetLife Stadium in East Rutherford, New Jersey

5:42 PM on Thursday, May 7

A federal court has ruled against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court

5:17 PM on Thursday, May 7

Both engines were intentionally shut down and there was a cockpit struggle before a China Eastern Airlines jet slammed into a mountain in 2022

5:00 PM on Thursday, May 7

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4:27 PM on Thursday, May 7

Salvadoran investigative news outlet El Faro has announced that its members’ assets have been frozen

2:16 PM on Thursday, May 7

The Iran war has caused the biggest disruption of global oil supplies in history and sent average U.S. gasoline prices surging past $4.50 a gallon this week

3:41 AM on Thursday, May 7

The U_S_ military says that it intercepted Iranian attacks on three U_S_ Navy ships as they transited the Strait of Hormuz and “targeted Iranian military facilities responsible for attacking U_S_ forces.”