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Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy reported stronger-than-expected fiscal second-quarter results and raised full-year guidance, though its stock declined approximately 7% in morning trading following the announcement.
Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
Gap announced Michael Francis as the new CEO of Old Navy, effective in November, as the struggling brand faces declining sales. Gap shares surged 12% on the leadership transition.
Scrap windfall tax on oil and gas firms early, North Sea industry urges
The North Sea oil and gas industry is urging the UK government to scrap the windfall tax on fossil fuel companies three years early, replacing it with a narrower levy tied to price spikes.
Utah Advocates Call for Air Agency to Hold Strong on Coal Plant Shutdown Date in Latest Regional Haze Plan
Utah environmental advocates urged state air quality officials to maintain a coal plant shutdown deadline during a public hearing on a revised regional haze pollution control plan.
Trending COVID 19 News
‘A false problem’: Italy’s Muslims question Meloni’s burqa ban
Italy’s Prime Minister Giorgia Meloni has proposed banning burqas and niqabs in schools, but Muslim leaders and educators question the necessity of the measure, citing its rarity in practice.
Thousands of drivers strike in the Philippines over rising fuel prices
Thousands of Philippine transport workers staged a two-day strike demanding fuel price reductions amid rising costs, prompting government deployment of police and buses to assist stranded commuters.
Fighting in Ethiopia intensifies: What’s the latest?
Government forces and allied militias say they captured the strategic Tigray town of Alamata after days of fighting, as renewed conflict between Ethiopia’s federal government and rebel forces intensifies across multiple northern regions.
Hurricane Polo makes landfall in Mexico, with life-threatening winds and flooding
Hurricane Polo made landfall in Mexico’s Baja California Sur with maximum sustained winds of 110 mph, bringing life-threatening conditions and flooding to coastal communities.
DRC politician beaten to death after radio appearance about Ebola outbreak
A senior Congolese ruling party politician was beaten to death following a radio appearance promoting Ebola prevention measures in Butembo, a disease outbreak hotspot, his party stated.
‘Children are dying’: Fiji hopes declaring an HIV emergency will help it tackle crisis
Fiji declared a national health emergency this month as HIV cases surge dramatically, with new infections rising 27% annually and affecting young people at alarming rates, prompting urgent government intervention measures.
OpenAI scraps rollout of new AI model over safety concerns
OpenAI declined to release its GPT-6.1 Astra model due to safety concerns, as the system failed to meet internal standards for autonomous task execution and authorization controls.
US ban on Canadian alcohol and dairy comes into effect as trade war drags on
The US has implemented a ban on Canadian alcohol, dairy, and motorcycles as a trade conflict between the nations intensifies, affecting nearly C$1 billion in liquor exports.
Viet Tan: Rights group accuses Vietnam of abducting Australian, Norwegian activists
A pro-democracy group accused Vietnam of abducting two activists, an Australian and a Norwegian, from Cambodia. Vietnamese authorities confirmed their arrest but said they entered illegally with forged documents.
Tuesday briefing: Inside the suspected bomb plot at RAF Fairford
Five men were arrested near RAF Fairford in Gloucestershire after a farmer reported suspicious vans and masked individuals near the US-operated airbase. Conflicting accounts have emerged about whether police had prior awareness of the suspected bomb plot.
Malaysia begins controversial repatriation of asylum seekers to Myanmar
Malaysia has begun repatriating approximately 5,000 asylum seekers from Myanmar, drawing condemnation from human rights organizations who warn returnees face violence and forced conscription.
Burkina Faso’s Ibrahim Traoré opens first gold refinery in Ouagadougou
Burkina Faso inaugurated its first gold refinery in Ouagadougou, marking the military government’s effort to process mineral wealth domestically and reduce reliance on exporting raw materials.