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Rockets fired at Israel from Syria, Israel says
The extended exchange of fire comes amid soaring tensions between Israel and Iran, two rivals battling for regional influence. More than 20 rockets were fired from Syria toward Israeli territory Wednesday, often criss-crossing across the clear night skies. A number of those rockets were intercepted by Israel's Iron Dome aerial defense system, resulting in bright and sudden explosions. Syrian anti-aircraft batteries hosed the sky with streams of fire, aimed at…
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US sanctions deal body blow to Iran’s economy
How will US pulling out of deal impact Iranians? With one signature, President Donald Trump has dealt a major blow to Iran's already struggling economy. Trump's decision to walk away from the nuclear deal is likely to cost Iran billions in foreign investment, slash growth, deter tourists and deprive its citizens of business opportunities. Powered by WPeMatico
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North Korea releases American prisoners: Live updates
Since 1996, 14 Americans have been detained in North Korea. Here's who they are and how long they were held: Kim Dong Chul, 30 months Kim Hak-song, 12 months Kim Sang Duk, 12 months Otto Warmbier, 17 months *returned in a vegetative state, died days later Kenneth Bae, 24 months Matthew Todd Miller, seven months Jeffrey Fowle, five months Merril Newman, about two months Eddie Yong Su Jun, about six months Aijalon…
Finance
Seattle companies voice opposition to proposed tax to fight homelessness
The fight over a proposed tax on big business to help lessen Seattle's housing crisis just got more heated. Business leaders from 131 Seattle-based companies have signed a letter voicing their objections to the tax. The letter was signed by the CEOs and co-founders of companies large and small, including Expedia, Alaska Airlines and Payscale. Only companies generating at least $20 million in revenue a year in Seattle would be…
Finance
Higher gas prices could spoil Trump’s tax cuts
Americans are shelling out more money at the gas pump just as the summer driving season is about to heat up. Soaring crude oil prices have lifted national gasoline prices 21% over the past year, according to AAA. Drivers in nine states are paying $3 a gallon for regular gasoline. Prices could continue to climb after President Donald Trump decided this week to sanction Iran, the world's fifth largest oil…
Finance
Venezuela’s once-proud oil industry is collapsing
Venezuela's oil industry is in crisis. What was once the backbone of Latin America's most prosperous nation is now a constellation of rundown projects, shuttered infrastructure and empty stillness. The workers, who years ago enjoyed some of the best benefits among Venezuela's public and private employees, have paid the highest price for their country's spiral into hyperinflation. Their salaries are now worth just a handful of dollars. The small northeastern…
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Unbridled Trump storms global stage
Over the course of the 90-minute meal, according to people familiar with it, Trump repeatedly reminded French President Emmanuel Macron of the promises the American made to his voters -- not just to quit the Iran nuclear deal, which Macron had traveled from Paris to save, but to wind down US involvement in the Middle East and escalate pressure on North Korea's Kim Jong Un. Macron, who later relayed the…
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China’s ZTE says main operations have ceased after US ban
ZTE Corporation, a Chinese firm that sells millions of phones in the United States, has halted "major operating activities" after a US ban against the company went into effect, according to a new public filing. Some of the company's products, which includes smartphones and telecommunications equipment, appeared to no longer be for sale online on Wednesday. It was unclear exactly which of ZTE's operations were impacted. The public filing says…