Australia Sues 3M for $1.4 Billion Over ‘Forever Chemicals’
The lawsuit, the largest ever filed by the Australian government, claims 3M hid information about the harmful effects of PFAS used at military bases. Source link
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US stock markets today (May 28, 2026): Wall Street stays near record highs despite fresh jump in oil prices
US stocks hovered near record levels on Thursday even as oil prices climbed again amid renewed tensions linked to the Iran conflict, with strong corporate earnings continuing to support investor sentiment.The S&P 500 slipped 0.1 per cent from its record high reached a day earlier, reported AP. The Dow Jones Industrial Average fell 219 points,…
Fired BP Chair Manifold Rejects ‘Lies’ About His Ouster
Albert Manifold, who was abruptly dismissed by the oil company this week, hit back in a new statement that admitted he “pushed hard” but never crossed a line. Source link
US GDP growth revised down to 1.6% in first quarter as consumer spending slows
The US economy grew at a slower pace than initially estimated in the first quarter of 2026, with consumer spending and investment revised downward, government data showed on Thursday, AFP reported.Gross domestic product (GDP) in the world’s largest economy expanded at an annual rate of 1.6 per cent during the January-March period, according to the…
Iran War Lifts a Second Inflation Reading to Highest Level Since 2023
Officials at the central bank have embraced the possibility of higher interest rates to get resurgent price pressures under control. Source link
LIC reviews Rs 60,000 crore real estate portfolio, may explore separate subsidiary
Life Insurance Corporation of India (LIC) is reviewing its vast real estate portfolio to improve returns and may explore setting up a separate subsidiary to manage the assets more efficiently, PTI reported.LIC’s real estate holdings, accumulated over nearly seven decades, are conservatively estimated at more than Rs 60,000 crore.“We have substantial real estate, both inherited…
The Google Insider Trading Case Hits Polymarket
Charges against a Google employee who bet on Polymarket have raised concerns that the issue may dent momentum in the fast-growing sector. Source link
Setback for Indian mango exports! Why Japan has stopped imports of Kesar, Alphonso, Langra & other varieties from India
Exports of mangoes to Japan require a phytosanitary certificate issued by the Directorate of Plant Protection, Quarantine & Storage in Faridabad. (AI image) In a big setback for Indian mango exports, Japan has reportedly stopped importing fresh mangoes from India for the current season. The move has effectively disrupted shipments of Indian mango varieties widely…
Temu Hit With Fine in E.U. Over Sales of Unsafe Goods
The Chinese e-commerce platform faces a penalty of more than $230 million for selling baby toys and other products the European Commission said could harm consumers. Source link
Rich families cut US dollar exposure as geopolitical tensions reshape investment strategy: UBS report
The world’s wealthiest families are reassessing their dependence on the US dollar amid rising geopolitical tensions and growing concerns over sovereign debt, Reuters reported citing UBS’s Global Family Office Report 2026.The survey by the Swiss bank found that nearly two-thirds of family offices expect confidence in the US dollar as a global reserve currency to…