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Business

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Economic data gives welcome relief to Wall Street
Dow Jones soars 741 points on robust consumer confidence

NEW YORK, New York - Strong economic data jump-started U.S. stocks and the dollar Tuesday, a welcome reprieve after weeks of pressure...

PepsiCo cleared in FTC case over Walmart discounts
FTC drops price bias lawsuit against PepsiCo

NEW YORK CITY, New York: This week, the U.S. Federal Trade Commission (FTC) dropped its lawsuit against PepsiCo, which had accused...

Builder discounts drive sales spike, but housing outlook wary
April US new home sales hit 3-year high amid price cuts

WASHINGTON, D.C.: New single-family home sales in the U.S. rose sharply in April to their highest level in over three years as builders...

CEO says health push weakened Nestle, vows return to F&B roots
Nestle refocuses on core food business after diversification misstep

VEVEY, Switzerland: Nestle is realigning its focus on its core food and beverage operations after expanding into areas like health...

Ford sues California law firms over alleged Lemon Law fee fraud
Ford accuses law firms of fraud, including billing 57-1/2 hour workday

DEARBORN, Michigan: Ford Motor Company has filed a lawsuit against several California lawyers and law firms, accusing them of cheating...

US drug launch prices double in four years, Reuters finds
Prices for new US drugs doubled in 4 years, focusing on rare diseases

BRUSSELS, Belgium: U.S. drugmakers are charging significantly more for new treatments, particularly those targeting rare diseases,...

Southeast Asia

Section
Trump-backed $1.5 billion golf project breaks ground near Hanoi
Trump Organization breaks ground on $1.5 billion golf club in Vietnam

HUNG YEN, Vietnam: A new US$1.5 billion luxury golf and residential project backed by the Trump Organization officially broke ground...

Premier Li pledges stronger strategic alignment with ASEAN, GCC for common development
Premier Li pledges stronger strategic alignment with ASEAN, GCC for common development

Li noted China will firmly expand high-level opening up and promote mutual reinforcement between domestic and international circulations,...

Chinese premier calls for forging example of openness, development cooperation with ASEAN, GCC
Chinese premier calls for forging example of openness, development cooperation with ASEAN, GCC

China is ready to work with the ASEAN and the GCC to implement the Global Civilization Initiative, promote mutual learning among civilizations...

"Pakistan's entire system is based on terrorism": Sanjay Kumar Jha in Singapore
"Pakistan's entire system is based on terrorism": Sanjay Kumar Jha in Singapore

Singapore City [Singapore], May 28 (ANI): JDU MP Sanjay Kumar Jha slammed Pakistan for promoting terrorism and said that their entire...

Daily World Briefing, May 28
Daily World Briefing, May 28

Premier Li pledges stronger strategic alignment with ASEAN, GCC for common development Chinese Premier Li Qiang said on Tuesday that...

"We want to stand with India in the campaign for peace": Panama Assembly President pledges support
"We want to stand with India in the campaign for peace": Panama Assembly President pledges support

Panama City [Panama], May 28 (ANI): Panama Assembly President, Dana Castaneda on Tuesday (local time) expressed solidarity with India...

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