ReportWire

Tag: summary bullets

  • Three Arrested in Hong Kong Housing Fire That Killed At Least 36

    Police in Hong Kong said three people have been arrested in connection with a fire that engulfed a housing complex and killed at least 36 people. 

    The three men were arrested for alleged manslaughter, a spokesperson for the Hong Kong Police Force said. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Joseph Pisani

    Source link

  • Argentina Has the World’s Weirdest Tax. Can Milei Scrap it?

    Argentina’s export tax hurts its critical agricultural industry. President Javier Milei has yet to follow through on a promise to end it.

    Greg Ip

    Source link

  • Hurricane Melissa Lashes Cuba as Category 2 Storm

    Hurricane Melissa weakened to a Category 2 storm that is expected to cause catastrophic damage as it passes through Cuba, a day after it hit Jamaica as one of the most powerful Atlantic storms on record. 

    The hurricane passed through eastern Cuba on Wednesday morning with 105 mile-an-hour winds, and is expected to dump as much as 25 inches of rain in certain areas, according to the National Hurricane Center. The storm made landfall early Wednesday in the Cuban province of Santiago de Cuba with maximum sustained winds of close to 120 mph.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Joseph Pisani

    Source link

  • Hurricane Melissa Batters Jamaica

    Hurricane Melissa hit Jamaica Tuesday as one of the most powerful Atlantic storms to make landfall on record.

    Melissa came ashore in southwestern Jamaica as a Category 5 storm with 185 miles-per-hour winds, according to the National Hurricane Center. Jamaican officials said the storm has trapped families in homes, damaged hospitals and cut power for three-quarters of the island. Forecasters urged residents to stay in their homes, calling the storm “an extremely dangerous and life-threatening situation.”

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Alyssa Lukpat

    Source link

  • Hurricane Melissa Barrels Down on Jamaica as Category 5 Storm

    Hurricane Melissa has strengthened to a Category 5 storm and is expected to produce catastrophic floods and heavy infrastructure damage in Jamaica.

    Flash floods are projected to sweep through Jamaica on Monday and into Tuesday, with parts of the island expected to receive as much as 40 inches of rain, according to the National Hurricane Center. The weather service is advising people to avoid leaving safe shelters during the storm, which has sustained winds of 160 miles an hour.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Joseph De Avila

    Source link

  • U.S. Imposes Sanctions on Colombia’s President Over Drug-Trafficking Accusations

    WASHINGTON—The Treasury Department has sanctioned Colombian President Gustavo Petro and his family, alleging his government has aided drug traffickers.

    “President Petro has allowed drug cartels to flourish and refused to stop this activity,” Treasury Secretary Scott Bessent said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Alex Leary

    Source link

  • Apple, Trade Thaw Lift Stocks Toward New Highs

    Easing trade tensions and a big gain in Apple shares helped drive stocks back toward records on Monday, the start of a heavy week of corporate earnings.

    Indexes opened with gains, with some investors saying sentiment was buoyed by President Trump saying he will soon meet with China’s leader, Xi Jinping, and Treasury Secretary Scott Bessent’s Friday comments that he will meet with his Chinese counterpart in person this week. 

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Source link

  • Trump Threatens Higher Tariffs on China Citing Restrictions on Rare-Earth Elements

    President Trump threatened to raise tariffs and impose export controls on China and said there was “no reason” to meet with Chinese leader Xi Jinping after Beijing’s new restrictions on rare-earth materials marked an escalation in tensions between the countries.

    China this week announced new export restrictions on rare earth minerals, which are critical components of products from semiconductors to electric vehicles and jet fighters. China dominates processing capabilities for rare earth minerals, giving it leverage over the U.S. and other nations.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Gavin Bade

    Source link