TOKYO—Japan’s top government spokesman said on Tuesday that leaders from Japan and United States had called for a peaceful resolution of issues regarding Taiwan. Chief Cabinet Secretary Hirokazu Matsuno declined to comment at a regular news conference on U.S. President Joe Biden’s earlier remarks that he would be willing to use force to defend Taiwan…
2 Killed, 120 Wounded in Abu Dhabi Restaurant Gas Explosion: Police
Two people were killed and 120 injured on Monday when a gas cylinder exploded inside a restaurant in the United Arab Emirates’ capital Abu Dhabi, police said. Civil defense firefighters managed to contain the fire, which damaged several shops and the facades of six buildings, the police added. They had said earlier that four buildings…
5 Dead, Scores Trapped After Building Collapses in Iran: State TV
DUBAI—Five people were killed when a 10-storey building in Iran’s southern city of Abadan partly collapsed and rescuers were trying to help at least 80 people left trapped under the rubble, Iranian state TV reported on Monday. The semi-official Mehr news agency identified the building as a residential-commercial property on Amir Kabir street in the…
This Day in Market History: Netflix Goes Public
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On May 23, 2002, Netflix, Inc. went public. Where the Market Was The Dow finished the day at 10,216.08. The S&P 500 traded at 1,097.08. What Else Was Going on in the World? In 2002, U.S….
JPMorgan Raises 2022 Interest Income Outlook Ahead of Investor Conference
JPMorgan Chase & Co. presented a more optimistic profit forecast on Monday as it opened an investor conference to relieve worries that the biggest U.S. bank by assets might be starting to lose its edge. Investors are keeping an eye on the prospects for banks to increase their net interest income, or the difference between…
Intel CEO Says Chip Shortage Risks Expansion
The head of chipmaker Intel says a shortage of advanced equipment to make semiconductors could hold up global expansion plans. CEO Pat Gelsinger said Monday that there have been “quite significant extensions” in delivery times for chipmaking gear for new chip factories, known as “fabs,” that the company plans to build in the U.S. and…
Guard at Qatari Embassy in Paris Killed in Attack
PARIS—A homicide investigation was opened on Monday after a security guard at the Qatari Embassy in Paris was killed and a suspect arrested, the prosecutor’s office said. The circumstances of the killing, including the method used, were not immediately clear. The prosecutor’s office said that “the use of a weapon is not at this time…
Bank of America Raises Hourly Minimum Wage to $22
NEW YORK—Bank of America Corp. said it was raising its U.S. minimum hourly wage to $22 on Monday, a step closer to its promise of paying workers $25 an hour by 2025. The second-largest U.S. bank by assets has been steadily raising its minimum hourly wage since 2017, when it was $15, and has been…
UN Refugee Agency: Number of Displaced Tops 100 Million
BERLIN—The number of people forced to flee conflict, violence, human rights violations, and persecution has crossed the milestone of 100 million for the first time on record, propelled by the war in Ukraine and other deadly conflicts, The U.N. refugee agency said Monday. “One hundred million is a stark figure—sobering and alarming in equal measure,”…
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Orlando Patron Says Shen Yun Leaves Her ‘Emotionally Impressed’
ORLANDO, Fla.—Operational manager Jennifer Lani and COO Greg Lueck were impressed by Shen Yun Performing Arts at Dr. Phillips Center for the Performing Arts in Orlando on May 22. “This is my second time,” said Ms. Lani, “We’re always impressed by the artistry, the costumes, the gracefulness of the dancers, and the divine message behind…