Business Update

The cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms. Source link

The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of President Trump’s commerce secretary. Source link

President Trump threatened to increase tariffs on South Korean exports, including cars, citing the country’s slow ratification of a trade deal. Source link

The Federal Aviation Administration says it has reduced traffic in and out of the airport and resigned safer routes. Crash victims’ families want more. Source link

Dozens of doctors and therapists said chatbots had led their patients to psychosis, isolation and unhealthy habits. Source link

The newspaper will send a small team of reporters to cover the Olympics after it informed sports journalists on Friday that the paper would not send a group. Source link

The newspaper will send a small team of reporters to cover the Olympics after it informed sports journalists on Friday that the paper would not send a group. Source link

Though Congress cut $500 million from NPR and PBS stations, vanishingly few have closed their doors. Angst about their long-term future remains. Source link

Electrical grids appeared to have handled the storm over the weekend relatively well, but energy experts said the risk of more outages remained. Source link

Frank Bisignano is the first chief executive of the I.R.S., where there’s hope he will end a chaotic stretch at the agency. The tax filing season, which started Monday, is his first test. Source link