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International Business

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Spanish police arrest Mango founder’s son over father’s death
Spanish police arrest Mango founder’s son over father’s death

MADRID, Spain: Police in northeastern Spain arrested the son of Isak Andic, the billionaire founder of Mango, on May 19. He is suspected...

Report says U.S. investigating Chinese shipping container makers
Report says U.S. investigating Chinese shipping container makers

WASHINGTON, D.C.: The United States is investigating whether Chinese companies deliberately reduced global production of shipping containers...

StanChart plans 7,000 job cuts, cites AI and automation drive
StanChart plans 7,000 job cuts, cites AI and automation drive

HONG KONG: Standard Chartered said on May 19 that it will eliminate more than 7,000 jobs over the next four years as the bank increases...

Global oil stockpiles shrinking rapidly, IEA chief says
Global oil stockpiles shrinking rapidly, IEA chief says

PARIS, France: The head of the International Energy Agency warned on May 18 that commercial oil inventories are being depleted quickly...

Odisha Governor flags global supply chain disruptions, calls for lower logistics costs to boost competitiveness
Odisha Governor flags global supply chain disruptions, calls for lower logistics costs to boost competitiveness

Puri (Odisha) [India], May 22 (ANI): India has taken several proactive steps to strengthen the country's logistics ecosystem and reduce...

China to penalize 3 brokerages as crackdown on illegal cross-border trading intensifies
China to penalize 3 brokerages as crackdown on illegal cross-border trading intensifies

BEIJING, May 22 (Xinhua) -- The China Securities Regulatory Commission (CSRC) announced on Friday that it will resolutely crack down...

International

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Trump’s stock trading raises fresh ethics concerns
Trump’s stock trading raises fresh ethics concerns

NEW YORK CITY, New York: U.S. President Donald Trump disclosed more than 3,600 stock trades during the first quarter of 2026, revealing...

US missile defense shield criticized by China, Russia in Beijing
US missile defense shield criticized by China, Russia in Beijing

BEIJING, China: A week after President Xi Jinping hosted Trump in Beijing, China and Russia, at a summit on May 20, condemned U.S....

Bank accounts of former Mexican officials accused by US frozen
Bank accounts of former Mexican officials accused by US frozen

MEXICO CITY, Mexico: Mexico has frozen the bank accounts of some former officials accused by the United States of having links to the...

Maldivian rescuers find bodies of 4 Italian divers who went missing
Maldivian rescuers find bodies of 4 Italian divers who went missing

MALE, Maldives: Italy's Foreign Ministry said this week that rescuers have found the bodies of the four Italian divers who went missing...

UK Foreign Office says deputy ambassador in Washington has quit
UK Foreign Office says deputy ambassador in Washington has quit

LONDON, U.K.: Britain's second most senior diplomat in Washington, James Roscoe, has left his post, the British Foreign Office said...

Malaysia tells Norway to pay $252 million for scrapping defense deal
Malaysia tells Norway to pay $252 million for scrapping defense deal

KUALA LUMPUR, Malaysia: Malaysia's defense minister said on May 19 that the country has sent a notice to Norway asking for more than...