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Top News Stories

Business · San Francisco

Twitter jumps after Musk increases commitment in takeover bid to $33.5 billion, in talks for other funding

42% Center coverage: 35 sources
Elon Musk has increased the personal stake he's throwing down to acquire Twitter to $33.5 billion. The documents also say the Tesla CEO is in talks with Twitter co-founder and former CEO Jack Dorsey. Twitter has been in a state of turmoil since Musk about a month ago said he wanted to buy the social media platform and take it private.See the Story
Business · Washington

U.S. deficit will skyrocket after shrinking to $1T this year, CBO predicts

42% Left coverage: 12 sources
US budget deficit could shrink to $1 trillion this year from $2.8 trillion last year. Congressional Budget Office says spending on Covid-19 aid slows and economy rebounds. COVID-19: Coronavirus Coverage Resources Best of Hawaii: Best ofHawaii.com.See the Story
Europe · Kyiv

Ukraine says Russia shells more than 40 towns in Donbas push

64% Right coverage: 11 sources
Russia is trying to take full control of the Donbas, comprised of two eastern provinces Moscow claims on behalf of separatists. Russia has poured thousands of troops into the region, attacking from three sides in an attempt to encircle Ukrainian forces holding out in the city of Sievierodonetsk and twin Lysychansk.See the Story
Business · Japan

U.S., Japan say their fighter jets staged joint flight after N.Korea missile launches

39% Right coverage: 13 sources
Japanese and U.S. forces conduct a joint fighter jet flight over the Sea of Japan. The flight was held hours after North Korea fired three missiles toward the sea between the Korean Peninsula and Japan. Chinese and Russian strategic bombers conducted joint flights near Japan on Tuesday. Biden was meeting with Japanese Prime Minister Fumio Kishida.See the Story
Europe · Moscow

Russia's central bank cuts key interest rate to 11%, citing decreased stability risks

57% Center coverage: 7 sources
The Bank of Russia lowered its key interest rate to 11% from 14%. That largely reverses a doubling of the key rate in the immediate aftermath of Russia's invasion of Ukraine. The initial hike to 20% from 9.5% in late February was intended to support a rapidly weakening ruble.See the Story
Business

Dollar hovers near one-month low as Fed minutes lack surprise

75% Center coverage: 4 sources
The safe-haven dollar hovered near a one-month low on Thursday. Minutes of the Federal Reserve's May meeting confirmed the potential for a pause in rate hikes after two more half-point increases in June and July. Wall Street rallied overnight, while long-term Treasury yields held steady.See the Story
Business · West Drayton

The end of fish and chips? Rising prices threaten a British tradition

75% Right coverage: 4 sources
Inflation reached a 40-year peak of 9% in April, the highest in the G7. A third of fish and chip shops are at risk of going bust this year due to a "perfect storm" of price pressures. Russia's invasion of Ukraine has driven up fuel and electricity prices, further increasing the cost of catching, and frying, fish.See the Story
Business · Beijing

China will give cash subsidies to airlines for two months

67% Center coverage: 3 sources
China's finance ministry will offer subsidies to Chinese airlines from May 21 to July 20. Cash support will only be provided when the average daily numbers of domestic flights per week are lower or equal to 4,500 flights. The maximum grant would be 24,000 yuan (US$3,574) per hour to the loss-making flights.See the Story
Business

Analysis: Russia prepares to seize western firms looking to leave

67% Right coverage: 3 sources
Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave. The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry. It comes as the Russian economy, increasingly cut-off due to western sanctions, plunges into recession.See the Story

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