The Albany Gazette - Economy (English)

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Stocks mixed and oil rises as US, Iran call end to latest attacks

Asian stocks were mixed and oil prices edged up as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.

EU, China trade tensions loom over minister visit

Europe and China will gauge whether trade frictions can be resolved through talks Monday when top EU trade official Maros Sefcovic hosts his Chinese counterpart Wang Wentao in Brussels for day-long discussions.

Last news

Zuckerberg says he feels 'weight' of Meta layoffs

Meta began laying off roughly 8,000 employees Wednesday -- about 10 percent of its global workforce -- as co-founder and Chief Executive Mark Zuckerberg pushes to redirect resources toward an ambitious artificial intelligence agenda.

Musk's SpaceX discloses filing for blockbuster IPO

SpaceX's filing with US regulators was revealed Wednesday, laying out plans for what could become the largest initial public offering in history as Elon Musk's rocket and satellite company seeks to raise up to $75 billion on the public markets.

Iran examining US proposal, as Trump says in 'final stages' of talks

Iran said on Wednesday it was examining the latest US proposal received from mediator Pakistan in talks to end the Middle East war, despite the two sides trading threats over resuming attacks.

Airbnb expands into hotels, cars, groceries

Airbnb, facing tighter local regulations on short-term home rentals, announced Wednesday it is adding boutique hotels, car rentals and grocery delivery to its app in a bid to transform itself into a one-stop travel shop.

Opposition backlash as Macron's choice gets nod for central bank

French lawmakers on Wednesday narrowly approved President Emmanuel Macron's ex-chief of staff as central bank governor, as the far-right opposition accused the outgoing head of state of seeking to freeze it out from key institutions.

Boss of Germany's Commerzbank cheered as she slams UniCredit advances

German lender Commerzbank's boss was applauded at a shareholder meeting Wednesday as she slammed Italian bank UniCredit's hostile takeover bid, while staff outside the venue protested against any potential merger.

French presidential candidate Philippe targeted in embezzlement probe

French investigators are probing allegations of embezzlement involving high-profile presidential candidate Edouard Philippe over the allocation of a digital hub contract in the northern port city of Le Havre where he is mayor, prosecutors have said.

Samsung union says South Korea strike on hold 'until further notice'

Samsung Electronics workers' union said late Wednesday that a planned strike had been put on hold until further notice after negotiations with management resumed with the participation of Seoul's labour minister.

UK inflation drops ahead of expected war-fuelled jump

Britain's annual inflation rate fell more than expected in April, largely due to a drop in energy prices in the months before the Middle East war, official data showed Wednesday.

Alibaba unveils new AI chip as Nvidia access remains stalled

Tech giant Alibaba released on Wednesday a new artificial intelligence chip it said performed three times as well as its predecessor, showcasing growing domestic chipmaker prowess as US titan Nvidia struggles for access to China.

Oil retreats, stocks rise on cautious Mideast war hopes

Oil prices slid and European stock markets advanced Wednesday after a South Korean tanker passed through the Strait of Hormuz, easing concerns about the apparent impasse between the US and Iran on ending the war in the Middle East.

UK climate advisers urge setting maximum working temperature

Climate change experts urged the UK to set maximum temperature rules for workplaces and adapt hospitals and schools to a warming planet in a report published Wednesday.

Stellantis signs Europe joint venture with China's Dongfeng

Jeep and Fiat owner Stellantis said Wednesday that it had formed a joint venture with China's Dongfeng to share manufacturing, sales and engineering operations in Europe.

Samsung, union resume negotiations with minister mediating

Samsung Electronics and its workers' union resumed talks Wednesday with South Korea's labour minister mediating, after earlier talks aimed at averting a strike collapsed.

DR Congo fishermen resort to trawling plastic waste

The mighty Congo River feeds millions of people along its course through the vast Democratic Republic of Congo but fishermen near the capital now find more plastic than fish in their nets.

Union calls strike at South Korea chip giant Samsung Electronics

A planned strike at South Korean chip giant Samsung Electronics will go ahead from Thursday, its union said, after talks on bonus payouts collapsed, raising concerns over a disruption to the country's key semiconductor industry.

Union calls strike at S. Korea chip giant Samsung Electronics

The labour union at South Korean chip giant Samsung Electronics said Wednesday it would launch a planned strike after talks over bonus payouts collapsed.

Asia stocks slide on inflation fears as yields surge

Asian markets fell Wednesday as surging bond yields and stubborn inflation concerns knocked an investor confidence already shaken by US President Donald Trump's renewed threats of striking Iran.

Under Trump pressure, EU agrees to implement US trade pact

EU lawmakers and member states reached a deal in the early hours of Wednesday to implement the bloc's nearly year-old trade pact with the United States, with President Donald Trump threatening new tariffs unless it is done by July 4.

Consumer Direct Windows and Doors celebrates 12th Consumer Choice Award recognition

BRAMPTON, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that Consumer Direct Windows and Doors has been named the 2026 Consumer Choice Award winner in the Windows & Doors category for the Greater Toronto Area. This marks the company's twelfth Consumer Choice Award win, reflecting its consistent commitment to professionalism, craftsmanship, and customer trust.

Cal-Alta Auto Glass Recognized for Trusted Service and Safety-Focused Workmanship with 2026 Consumer Choice Award in Southern Alberta

CALGARY, AB / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that Cal-Alta Auto Glass has been named the 2026 Consumer Choice Award winner in the Automobile Windshields category. This recognition reflects the company's long-standing commitment to safety, quality, and delivering reliable service to drivers across the Calgary region.

FCP Dermatology Recognized for Redefining Modern Dermatology with 2026 Consumer Choice Award

TORONTO, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that FCP Dermatology has been named the 2026 Consumer Choice Award winner in the Dermatologist category. This recognition reflects the clinic's reputation for precision, professionalism, and delivering consistently high-quality patient outcomes.

SE Telecommunications Ltd Recognized for Innovation and Reliability With 2026 Consumer Choice Award

TORONTO, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that SE Telecommunications Ltd has been named the 2026 Consumer Choice Award winner in the Telephone Systems Sales and Service category for the Greater Toronto Area. This recognition reflects the company's leadership in cloud communications, commitment to innovation, and reputation for delivering reliable, business-focused technology solutions.

DEL Property Management Inc. Recognized for Leadership in Condominium Management with 2026 Consumer Choice Award in the GTA

TORONTO, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that DEL Property Management Inc. has been named the 2026 Consumer Choice Award winner in the Property Management category for the Greater Toronto Area. This recognition reflects the company's longstanding reputation for excellence, scale, and consistent service across the condominium management sector.

Zoroast The Fireplace Store recognized for excellence in fireplace sales and services with 2026 Consumer Choice Award in York Region

VAUGHAN, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that Zoroast the Fireplace Store has been named the 2026 Consumer Choice Award winner in the Fireplace Sales and Services category for York Region. This recognition reflects the company's reputation for quality, expertise, and consistent customer satisfaction.

Cloverhill Gardening Landscaping Recognized for Comprehensive Landscaping Services with 2026 Consumer Choice Award

TORONTO, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that Cloverhill Gardening Landscaping has been named the 2026 Consumer Choice Award winner in the Landscape Contractors category for Toronto Central. This recognition reflects the company's long-standing commitment to quality service, reliability, and customer satisfaction.

Sunnyside Window & Eaves Cleaning Recognized for Full-Service Exterior Maintenance with 2026 Consumer Choice Award

TORONTO, ON / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is proud to announce that Sunnyside Window & Eaves Cleaning has been named the 2026 Consumer Choice Award winner in the Window Cleaning category for the Greater Toronto Area. This recognition reflects the company's long-standing commitment to quality service, reliability, and customer satisfaction.

Perform[cb] Appoints Yuriy Boykiv, Executive Chairman, as Company Expands Predictive Outcome Engine

A builder and operator with 20+ years scaling high-growth businesses at the intersection of e-commerce, digital marketing, and technology joins Perform[cb] as the company accelerates its data-first approach to outcome-based marketing.

International Citizens Insurance Warns Summer Travelers to Review Coverage Amid Rising Global Travel Disruptions

Cruise ship illness outbreaks and geopolitical instability highlight growing need for comprehensive travel, medical and evacuation coverage

Announcing the 2026 Central Alberta Consumer Choice Award Winners

RED DEER, AB / ACCESS Newswire / May 20, 2026 / Consumer Choice Award is pleased to announce the 2026 award recipients in the Central Alberta region. These businesses have been meticulously selected through independent market research, reflecting their commitment to excellence and unparalleled service in their city. Consumer Choice Award celebrates those who have consistently set the benchmark for quality and customer satisfaction. Congratulations to the 2026 Central Alberta Consumer Choice Award Winners.

Humilis Investment Strategies Announces Launch of the Humilis US Focused Opportunities ETF

NEW YORK CITY, NY / ACCESS Newswire / May 20, 2026 / Humilis Investment Strategies is pleased to announce the launch of the Humilis US Focused Opportunities ETF, an actively managed equity ETF designed to provide investors with long-term capital growth through a focused portfolio of high-quality U.S. companies.

US enforces law to crack down on sexual deepfakes

The United States on Tuesday began enforcing a law requiring tech platforms to remove sexual deepfakes and other non-consensual intimate imagery, but experts warned of shortcomings and raised online censorship concerns.