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NYC Mayor Mamdani threatens 10% property tax hike as last-resort option

What's more, City Council leadership is adamant they oppose a property-tax increase. The proposal would need approval from the council to be implemented

Nestle CEO, management under pressure as infant formula crisis adds to woes

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world's biggest food company was already struggling to revive its shares from their multi-year lows

US renews threat to withdraw from IEA over climate advocacy concerns

"We're definitely not satisfied," US Energy Secretary Chris Wright said, ahead of an IEA ministerial meeting. The agency must complete reforms "for the US to remain a long-term member," he said

Japan to invest $36 billion in US projects under agreement with Trump

Japanese Prime Minister Sanae Takaichi said the projects were designed to build resilient supply chains through cooperation in areas crucial for economic security

Mamdani threatens to raise NYC property taxes by 10% as last-resort option

Mamdani was elected on a wave of optimism and lofty promises to bring free childcare, no-cost buses, and a rent freeze to New Yorkers struggling in a city that has become increasingly unaffordable

Blue Origin CEO vows all-in effort to beat rival SpaceX in moon race

As part of the lunar push, Blue Origin is shifting employees from its New Shepard space tourism programmes to focus on efforts to head back to the moon

Tech and AI concerns keep Wall Street on edge, markets see volatility

About 260 shares in the S&P 500 rose, with the gauge hovering near 6,840. The yield on 10-year Treasuries was little changed at 4.05 per cent

US open to tweaking steel, aluminum tariff enforcement: Jamieson Greer

Administration officials have been working to narrow the scope of the duties, which not only touch the metals themselves but dozens of products that contain them

India's solar mfg boom turns into glut as capacity outpaces demand

Capacity utilisation at the country's module-assembly plants has shrunk to around 40 per cent from more than 70 per cent in the year through March 2023

How Putin's war in Ukraine is also hitting Russians harder at home

Ukrainians are enduring one of the coldest winters as waves of Russian attacks have devastated energy infrastructure while Russians in the country's western edge are facing similar hardships now

Trump's $38 billion plan to overhaul US immigration detention: Explained

Trump's $38 billion plan will add 92,600 ICE beds through new mega detention centres, aiming to speed deportations and consolidate facilities nationwide

Hyatt Executive Chairman Pritzker announces retirement over Epstein ties

Pritzker is the latest in a string of high-profile business leaders, politicians and other public figures forced to reckon with public attention on their ties with Epstein

Decision on sale of weapons to Taiwan to be made soon, says Trump

The US's military support for Taiwan has become one of the key points of contention between Washington and Beijing before the countries' leaders are slated to meet in April in China

US unveils $38 billion plan to overhaul detention system to jail migrants

As part of its broader detention overhaul, the administration has begun purchasing warehouse buildings across the country with plans to convert them into immigration detention centers

No govt links to man guilty of US citizen Pannun's murder plot, says India

In 2024, India's investigation into the US claims found that rogue operatives not authorized by the government had been involved in the murder plot

Iran foreign minister to meet UN nuclear chief ahead of talks with US

Trump's son-in-law, Jared Kushner, and special envoy Steve Witkoff are expected to head the US delegation

AirAsia closing in on Nasdaq backdoor listing at $1.5 bn valuation: CEO

The deal, which will involve the merger of the branding unit with the US-listed company, will probably be announced within the next two months, AirAsia CEO Fernandes said

Rampant AI demand for memory fuels deepening supply crunch for chips

Skyrocketing memory costs mean DRAM could soon account for as much as 30 per cent of low-end smartphones' bill of materials - tripling from 10 per cent in early 2025

Epstein donated to Harvard-linked student group for years after conviction

From 2013 until his death, Epstein donated at least $375,000 to the organisation, the Justice Department documents show

Insurers face rising losses as civil unrest grows in wealthy nations

Claims tied to SRCC, strikes, riots and civil commotion, are emerging as a growing headache for insurers as episodes of unrest increasingly lead to the destruction of property in Western democracies