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Business news today and breaking business updates with sharp market moves, earnings, deals, policy shifts, and clear analysis that respects your time.

Amazon’s AWS Billing Bug Showed Customers $2.5 Billion in False Charges

Amazon's AWS billing portal showed estimated charges up to $2.5 billion Thursday after a computation bug generated phantom numbers that did not reflect actual usage. Amazon's rollback attempt failed to fix the

July 18, 2026

by Technology Desk

Iraqi Prime Minister Ali al-Zaidi at the US-Iraq Washington business summit 2026

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

Iraq signed over $60 billion in preliminary deals at a Washington summit Thursday, headlined by Chevron's agreement to rebuild the Kirkuk-Baniyas pipeline through Syria and give Baghdad an oil route bypassing the disrupted Hormuz strait.

July 18, 2026

by Economy Desk

British Steel Scunthorpe steelworks in Lincolnshire after UK government nationalisation ending Jingye Chinese ownership in July 2026

China Warns of Investment Fallout After UK Seizes British Steel From Jingye

Britain nationalized British Steel on Thursday, ending Jingye Group's six-year ownership. China's Ministry of Commerce issued

Aerial view of British Steel's Scunthorpe steelworks in Lincolnshire, UK, as the government formally nationalized the facility on July 17, 2026

China Warns of Investment Fallout After UK Seizes British Steel From Jingye

Britain nationalized British Steel on Thursday, ending Jingye Group's six-year ownership. China's Ministry of Commerce issued

Black smoke rises over St. Petersburg after Ukrainian drone strikes hit the oil terminal on SPIEF opening day

Ukraine Drones Strike St. Petersburg Oil Terminal on Opening Day of Putin’s Economic Forum

Ukrainian drones set fire to the St. Petersburg Oil Terminal and struck infrastructure across three city districts on the opening morning of the 2026 St. Petersburg International Economic Forum, killing two emergency

June 3, 2026

Business·Conflicts, Military and War·News

Andris Kulbergs Latvia Prime Minister at Saeima parliament vote May 2026

Latvia’s New PM Orders Push to End All Trade With Russia, Carves Out Pharma Exception

Latvia's Prime Minister Andris Kulbergs has directed the Foreign Ministry to develop a plan for ending all trade with Russia, but acknowledged the pharmaceutical sector cannot pivot quickly.

June 3, 2026

Business·Conflicts, Military and War·Government and Politics·News

MK Party Chief Whip Mmabatho Mokoena-Zondi at Cape Town Magistrate's Court after Hawks arrest

MK Party Suspends Chief Whip Mokoena-Zondi With Immediate Effect Amid R233,000 Fraud Probe

The uMkhonto weSizwe Party has suspended its National Assembly Chief Whip Mmabatho Mokoena-Zondi with immediate effect following her arrest by the Hawks on fraud charges totalling R233,000, deepening a governance crisis inside

June 3, 2026

Business·Government and Politics·News

Detroit City Hall federal bribery charges filed in 2026 corruption probe

New Detroit City Hall Bribery Scandal Emerges as Federal Prosecutors Charge Two

Federal prosecutors have charged two individuals in a fresh bribery scandal tied to Detroit City Hall, the latest episode in a decade-long corruption crackdown that has ensnared more than 130 Metro Detroit

June 3, 2026

Business·Government and Politics·News

Vladimir Putin addresses African leaders at the Russia-Africa Summit

Putin to Use Tanzania Visit to Rally Africa Behind October Moscow Summit

Tanzanian President Samia Suluhu Hassan arrives in Moscow on June 3 for a rare state visit — only the second by a Tanzanian head of state in 57 years — as the

June 2, 2026

Business·Government and Politics·News

Canadian and German flags at a press conference marking the Ksi Lisims LNG deal with SEFE in 2026

Canada Seals First-Ever LNG Export Deal With Germany, Tying Ksi Lisims to Europe’s Energy Future

Canada and Germany seal a historic LNG agreement. SEFE, Berlin's state energy firm, will buy 1 million tonnes per year from B.C.'s Ksi Lisims project starting in the early 2030s.

June 2, 2026

Business·Economy·News

Treasurer Jim Chalmers introduces Labor tax reform bill on capital gains and negative gearing to parliament

Chalmers Defends Labor Tax Reform Bill as Business Backlash Builds Over Capital Gains Change

Treasurer Jim Chalmers introduced Labor's tax reform bill to parliament as Treasury defended changes to negative gearing and capital gains, and business groups pushed for a carve-out.

June 2, 2026

Business·Economy·Government and Politics·News

Secretary of State Marco Rubio testifies before the Senate Foreign Relations Committee on Cuba policy

Rubio Says Cuba Cannot Reform Under Current Leadership, Calls for ‘New People’ to Take Power

Secretary of State Marco Rubio told the Senate Foreign Relations Committee on Tuesday that Cuba's government is structurally incapable of the reforms Washington demands unless its leadership is replaced entirely.

June 2, 2026

Business·Government and Politics·News

Nvidia CEO Jensen Huang presents the RTX Spark Superchip at Computex 2026 in Taipei Taiwan

Nvidia’s RTX Spark Drives S&P 500 and Nasdaq to Record Highs as AI Trade Overrides Oil Fears

Nvidia's RTX Spark superchip launch at Computex 2026 sent the S&P 500 to 7,599.96 and the Nasdaq to 27,086.81 — both record closes — as AI concentration drowned out rising oil prices

June 2, 2026

Artificial Intelligence·Business·Markets·News·Technology

A hiring sign posted outside businesses in Cambridge Massachusetts as US job openings data surged in April 2026

US Job Openings Surge to 7.6 Million in April, Defying Iran War Fears — But Hiring Freezes

U.S. job openings jumped to 7.6 million in April, crushing forecasts, but gross hiring fell and quit rates dropped — a labor market that looks resilient on paper but is quietly holding

June 2, 2026

Business·Economy·News

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Business- Page 60

Iraq Signs $60bn in Energy Deals With Chevron, Plans Pipeline to Bypass Hormuz

China Warns of Investment Fallout After UK Seizes British Steel From Jingye

China Warns of Investment Fallout After UK Seizes British Steel From Jingye

Ukraine Drones Strike St. Petersburg Oil Terminal on Opening Day of Putin’s Economic Forum

Latvia’s New PM Orders Push to End All Trade With Russia, Carves Out Pharma Exception

MK Party Suspends Chief Whip Mokoena-Zondi With Immediate Effect Amid R233,000 Fraud Probe

New Detroit City Hall Bribery Scandal Emerges as Federal Prosecutors Charge Two

Putin to Use Tanzania Visit to Rally Africa Behind October Moscow Summit

Canada Seals First-Ever LNG Export Deal With Germany, Tying Ksi Lisims to Europe’s Energy Future

Chalmers Defends Labor Tax Reform Bill as Business Backlash Builds Over Capital Gains Change

Rubio Says Cuba Cannot Reform Under Current Leadership, Calls for ‘New People’ to Take Power

Nvidia’s RTX Spark Drives S&P 500 and Nasdaq to Record Highs as AI Trade Overrides Oil Fears

US Job Openings Surge to 7.6 Million in April, Defying Iran War Fears — But Hiring Freezes

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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