2 hours ago
This Trash‑Hauling Giant Could Be the Only Industrial Stock I'd Buy and Never Sell
Industrial stocks tend to be very cyclical. Their revenues and stock prices typically rise during an economic expansion and fall during a recession. That cyclicality makes them more difficult to buy and hold long-term, since it often makes sense to sell when the economy appears to be nearing a cyclical peak.
However, garbage collection tends to be a relatively resilient business. That's why trash-hauling giant WM (NYSE: WM) might be the only industrial stock I buy and hold forever.
Will AI create the world'
Industrial stocks tend to be very cyclical. Their revenues and stock prices typically rise during an economic expansion and fall during a recession. That cyclicality makes them more difficult to buy and hold long-term, since it often makes sense to sell when the economy appears to be nearing a cyclical peak.
However, garbage collection tends to be a relatively resilient business. That's why trash-hauling giant WM (NYSE: WM) might be the only industrial stock I buy and hold forever.
Will AI create the world'
3 hours ago
Rachel Reeves has launched a new threat to pensions – 'millions will be poorer'
Rachel Reeves has been warned her controversial pension reforms will mean “lower returns and lower pensions in future for millions of workers”, as Labour prepares for a fresh battle with the House of Lords. Peers are expected to reject plans to allow the Chancellor to order pension funds to invest in the British economy. It’s the latest round in an ongoing battle between the Commons and the Lords over the Government’s Pensions Schemes Bill.
The Lords has already removed elements of the legislation that will giv
Rachel Reeves has been warned her controversial pension reforms will mean “lower returns and lower pensions in future for millions of workers”, as Labour prepares for a fresh battle with the House of Lords. Peers are expected to reject plans to allow the Chancellor to order pension funds to invest in the British economy. It’s the latest round in an ongoing battle between the Commons and the Lords over the Government’s Pensions Schemes Bill.
The Lords has already removed elements of the legislation that will giv
4 hours ago
Winning the war in Ukraine is about more than just numbers
A common question the media asks is how much money Russia has left to sustain the war against Ukraine. In response, experts discuss the burgeoning budget deficit, high interest rates, anemic investment and the fact that war costs have caused sharp reductions in public sector salaries, pensions, health and education.
Everyone is waiting for a gamechanger that hasn’t arrived yet. The recent increase in the global oil price offers only marginal benefit to Russia, since 20 to 40 percent of its oil export capacity has been rendered at l
A common question the media asks is how much money Russia has left to sustain the war against Ukraine. In response, experts discuss the burgeoning budget deficit, high interest rates, anemic investment and the fact that war costs have caused sharp reductions in public sector salaries, pensions, health and education.
Everyone is waiting for a gamechanger that hasn’t arrived yet. The recent increase in the global oil price offers only marginal benefit to Russia, since 20 to 40 percent of its oil export capacity has been rendered at l
5 hours ago
SpaceX’s $2 Trillion IPO Is Coming: These 6 Stocks Will Ride the New ***** e Economy Into Orbit
Rocket Lab (RKLB) reported record 2025 revenue of $602M, up 38% year-over-year, with a $49B market cap driven by its vertical integration across launch vehicles, ***** ecraft systems, and orbital infrastructure. AST ***** eMobile (ASTS) generated $70.9M in 2025 revenue with guidance for $150M-$200M in 2026 and $1.2B in contracted revenue as it builds a ***** e-based cellular broadband network. Planet Labs (PL) posted record fiscal 2026 revenue of $307.7M, up 26% year-over-year, with a $900M backl
Rocket Lab (RKLB) reported record 2025 revenue of $602M, up 38% year-over-year, with a $49B market cap driven by its vertical integration across launch vehicles, ***** ecraft systems, and orbital infrastructure. AST ***** eMobile (ASTS) generated $70.9M in 2025 revenue with guidance for $150M-$200M in 2026 and $1.2B in contracted revenue as it builds a ***** e-based cellular broadband network. Planet Labs (PL) posted record fiscal 2026 revenue of $307.7M, up 26% year-over-year, with a $900M backl
6 hours ago
Air New Zealand introduces bunk beds for economy passengers
Air New Zealand is launching an innovative way for economy passengers to sleep on long-haul flights with bunk beds on board.
The airline will open bookings next month for its “Skynest” seats, which will allow economy class passengers to lie flat on flights.
These will debut on select ultra-long-haul flights between New York and Auckland, on sale 18 May with travel from November.
Beds on planes are nothing new – almost every airline that operates long-haul journeys provides upper-class passengers a seat which can be adjusted into
Air New Zealand is launching an innovative way for economy passengers to sleep on long-haul flights with bunk beds on board.
The airline will open bookings next month for its “Skynest” seats, which will allow economy class passengers to lie flat on flights.
These will debut on select ultra-long-haul flights between New York and Auckland, on sale 18 May with travel from November.
Beds on planes are nothing new – almost every airline that operates long-haul journeys provides upper-class passengers a seat which can be adjusted into
7 hours ago
I asked a flight attendant how overhead bin **** e really works — here’s what most travelers get wron...
When you pack a carry-on bag, you expect to bring it onto the plane with you. But more travelers are finding themselves stopped at the gate and told to check their bags – even when overhead bins don’t appear to be full.
I recently watched it happen in real time.
A woman with a designer carry-on – the kind that clearly wasn’t meant for a baggage carousel – was stopped just steps before the jet bridge. The gate agent told her the bins were full or nearly full, and her bag needed to be ch
When you pack a carry-on bag, you expect to bring it onto the plane with you. But more travelers are finding themselves stopped at the gate and told to check their bags – even when overhead bins don’t appear to be full.
I recently watched it happen in real time.
A woman with a designer carry-on – the kind that clearly wasn’t meant for a baggage carousel – was stopped just steps before the jet bridge. The gate agent told her the bins were full or nearly full, and her bag needed to be ch
8 hours ago
Iran doubles down on closing the Strait of Hormuz as the ceasefire inches toward expiration
CAIRO (AP) — Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the U.S. blockade of Iranian ports remains in place, as mediators scrambled to extend the ceasefire set to expire on Wednesday.
The dueling blockades have complicated Pakistani-led mediation attempts and raised questions about whether the two-week truce can be extended.
“It is impossible for others to pass through the Strait of Hormuz while we cannot,” Iranian parliamentary Speaker Mohamme
CAIRO (AP) — Iran doubled down on its pledge to restrict ships passing through the Strait of Hormuz as long as the U.S. blockade of Iranian ports remains in place, as mediators scrambled to extend the ceasefire set to expire on Wednesday.
The dueling blockades have complicated Pakistani-led mediation attempts and raised questions about whether the two-week truce can be extended.
“It is impossible for others to pass through the Strait of Hormuz while we cannot,” Iranian parliamentary Speaker Mohamme
9 hours ago
Why one ****** yst thinks the US economy will be feeling the Iran-fueled inflation shock for years to...
Chris Whalen thinks hot inflation will weigh on the US economy for years after the Iran war ends.
The veteran ****** yst says supply disruptions in the Middle East will take a long time to normalize.
He said he expected inflation to rise to the high single-digits, about double its current rate.
Investors see the Iran war as all but over, but a market vet warns the effects will be felt a lot longer than Wall Street might realize.
Chris Whalen, an investment banker, longtime ****** yst
Chris Whalen thinks hot inflation will weigh on the US economy for years after the Iran war ends.
The veteran ****** yst says supply disruptions in the Middle East will take a long time to normalize.
He said he expected inflation to rise to the high single-digits, about double its current rate.
Investors see the Iran war as all but over, but a market vet warns the effects will be felt a lot longer than Wall Street might realize.
Chris Whalen, an investment banker, longtime ****** yst
11 hours ago
Which European countries will be the richest by 2030?
Gross domestic product (GDP) per capita is one of the most widely used tools for comparing economies — and across much of Europe, the trajectory is upward.
But a rising figure does not always mean a country is pulling ahead of its peers: rankings shift as all economies move together. Where a country sits in the table often tells a more useful story than the raw number.
So which European countries are expected to lead in GDP per capita by 2030, and are any significant shifts on the way?
Euronews Business has examined IMF World Economic
Gross domestic product (GDP) per capita is one of the most widely used tools for comparing economies — and across much of Europe, the trajectory is upward.
But a rising figure does not always mean a country is pulling ahead of its peers: rankings shift as all economies move together. Where a country sits in the table often tells a more useful story than the raw number.
So which European countries are expected to lead in GDP per capita by 2030, and are any significant shifts on the way?
Euronews Business has examined IMF World Economic
12 hours ago
The Latest: Standoff escalates after Iran closes Strait of Hormuz over US blockade
Iran reversed its decision to reopen the Strait of Hormuz and warned that it would continue to block transit through the strait as long as the U.S. blockade of Iranian ports remained in effect.
The escalating standoff over the critical chokepoint threatened to deepen the energy crisis roiling the global economy and push the two countries toward renewed conflict, even as mediators expressed confidence a new deal was within reach.
The strait is closed until the U.S. blockade is lifted, Iran’s Revolutionary Gu
Iran reversed its decision to reopen the Strait of Hormuz and warned that it would continue to block transit through the strait as long as the U.S. blockade of Iranian ports remained in effect.
The escalating standoff over the critical chokepoint threatened to deepen the energy crisis roiling the global economy and push the two countries toward renewed conflict, even as mediators expressed confidence a new deal was within reach.
The strait is closed until the U.S. blockade is lifted, Iran’s Revolutionary Gu
14 hours ago
Putin finally admits Russia’s economy is in trouble and grasps for answers, after warnings about a f...
Russian President Vladimir Putin made his concerns about the economy public as he vented frustration at aides and demanded they come up with solutions.
During a televised meeting on the economy Wednesday, he revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production and construction were negative.
“I expect to hear detailed reports today on the current economic situation and why the trajectory of macroeconomic indicators is curren
Russian President Vladimir Putin made his concerns about the economy public as he vented frustration at aides and demanded they come up with solutions.
During a televised meeting on the economy Wednesday, he revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production and construction were negative.
“I expect to hear detailed reports today on the current economic situation and why the trajectory of macroeconomic indicators is curren
15 hours ago
Ossoff criticizes Trump on health care, Iran, 'corruption' in Augusta
Lowering health care premiums and returning consumers to financial affordability mean electing leaders instead of rulers, the state's senior U.S. senator said during a campaign swing through Augusta on Saturday.
With public criticism mounting against the Trump administration's handling of the economy, rising health care premiums and a war with Iran, Democratic U.S. Sen. Jon Ossoff mounted an offensive to urge voters to fight for the ways of life he said they deserve.
"We were told MAGA was for the working class. Do you
Lowering health care premiums and returning consumers to financial affordability mean electing leaders instead of rulers, the state's senior U.S. senator said during a campaign swing through Augusta on Saturday.
With public criticism mounting against the Trump administration's handling of the economy, rising health care premiums and a war with Iran, Democratic U.S. Sen. Jon Ossoff mounted an offensive to urge voters to fight for the ways of life he said they deserve.
"We were told MAGA was for the working class. Do you
16 hours ago
Amid wars and soaring energy prices, IMF says the global economy is on the brink of recession
By
Rob Schmitz
,
Daniel Ofman
,
https://www.npr.org/2026/0...
By
Rob Schmitz
,
Daniel Ofman
,
https://www.npr.org/2026/0...
5 days ago
A Christmas Card Sent Me Down A Rabbit Hole For The Perfect ‘CEO Shoes’ — And I Finally Found Them
Our search for “CEO shoes” started with a Christmas card left out on the dining table. The holiday flier was what you would expect — smiling family members, a few notes on their year, some kid achievements — but as my husband leaned in to look at the photo, what really caught his eye was the extraordinarily sharp dress shoes our friend was wearing. They had this well-worn, classy, effortless cool that wasn’t overly stuffy and didn’t scream “I’m wearing these for the family photo.”
Turns out t
Our search for “CEO shoes” started with a Christmas card left out on the dining table. The holiday flier was what you would expect — smiling family members, a few notes on their year, some kid achievements — but as my husband leaned in to look at the photo, what really caught his eye was the extraordinarily sharp dress shoes our friend was wearing. They had this well-worn, classy, effortless cool that wasn’t overly stuffy and didn’t scream “I’m wearing these for the family photo.”
Turns out t
5 days ago
Best money market account rates today, April 14, 2026 (Earn up to 4.01% APY)
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding
5 days ago
Republicans enter spring legislative sprint
The House and Senate are speeding toward quick — and finite — action on the Trump administration’s immigration enforcement funding and on expiring surveillance powers.
Sen. Rick Scott, R-Fla., said at Semafor World Economy on Monday that he’d back the plan to send roughly $50 billion in frontloaded Immigration and Customs Enforcement and border security funding for Customs and Border Protection, a crucial conservative boost for the plan.
Senate Majority Leader John Thune said Republicans are aggressively moving to “limit” the measure to help shi
The House and Senate are speeding toward quick — and finite — action on the Trump administration’s immigration enforcement funding and on expiring surveillance powers.
Sen. Rick Scott, R-Fla., said at Semafor World Economy on Monday that he’d back the plan to send roughly $50 billion in frontloaded Immigration and Customs Enforcement and border security funding for Customs and Border Protection, a crucial conservative boost for the plan.
Senate Majority Leader John Thune said Republicans are aggressively moving to “limit” the measure to help shi
11 days ago
Stock market today: Dow soars over 1,000 points, S&P 500 and Nasdaq surge on news of 2-week US-Iran...
US stocks surged on Wednesday, while oil prices cratered amid relief after the US and Iran agreed to a two-week ceasefire that could lead to a reopening of the Strait of Hormuz to shipping.
The S&P 500 (^GSPC) soared 2.5%, while the tech-heavy Nasdaq Composite (^IXIC) vaulted 3.5%. The Dow Jones Industrial Average (^DJI) jumped 2.9%, or over 1,300 points.
Global markets saw a return of risk appetite after President Trump called for a two-week suspension in hostilities in return for Tehra
US stocks surged on Wednesday, while oil prices cratered amid relief after the US and Iran agreed to a two-week ceasefire that could lead to a reopening of the Strait of Hormuz to shipping.
The S&P 500 (^GSPC) soared 2.5%, while the tech-heavy Nasdaq Composite (^IXIC) vaulted 3.5%. The Dow Jones Industrial Average (^DJI) jumped 2.9%, or over 1,300 points.
Global markets saw a return of risk appetite after President Trump called for a two-week suspension in hostilities in return for Tehra
11 days ago
Stock Futures Soar After U.S., Iran Walk Back From the Brink
Oil prices plunged, stock futures surged and government bond yields sank after President Trump said he had agreed to a cease-fire with Iran if the Strait of Hormuz reopened immediately.
The pause in hostilities sparked relief among investors who feared the war was about to spiral into a dangerous new phase that could inflict even graver damage to the global economy. The immediate question for the financial world now is whether tankers trapped in the Persian Gulf can start to sail out and deliver much-needed supplies to increasing
Oil prices plunged, stock futures surged and government bond yields sank after President Trump said he had agreed to a cease-fire with Iran if the Strait of Hormuz reopened immediately.
The pause in hostilities sparked relief among investors who feared the war was about to spiral into a dangerous new phase that could inflict even graver damage to the global economy. The immediate question for the financial world now is whether tankers trapped in the Persian Gulf can start to sail out and deliver much-needed supplies to increasing
11 days ago
11 days ago
The 'annoyance economy' is costing Americans billions — here are the 3 biggest culprits stealing you...
If you’ve ever spent hours waiting on hold to talk to a customer service representative, you might have wondered whether the time it took was even worth it — or if that time spent actually cost you money.
Some experts say that it all adds up, and Americans are potentially losing billions in lost time, and fees, to the so-called annoyance economy.
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here'
If you’ve ever spent hours waiting on hold to talk to a customer service representative, you might have wondered whether the time it took was even worth it — or if that time spent actually cost you money.
Some experts say that it all adds up, and Americans are potentially losing billions in lost time, and fees, to the so-called annoyance economy.
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here'
11 days ago
Starmer travels to Middle East to 'support and sustain' ceasefire
ITV News Political Editor Robert Peston is travelling with the prime minister on his trip to the Middle East following the ceasefire between the US and Iran
Prime Minister Sir Keir Starmer has welcomed a ceasefire agreement between the US and Iran overnight as he travels to the Middle East to meet leaders of Gulf countries.
Downing Street said the prime minister would use his visit to the Gulf on Wednesday to make clear the UK’s commitment to de-escalation and hold further talks on “practical efforts” to restore freedom of
ITV News Political Editor Robert Peston is travelling with the prime minister on his trip to the Middle East following the ceasefire between the US and Iran
Prime Minister Sir Keir Starmer has welcomed a ceasefire agreement between the US and Iran overnight as he travels to the Middle East to meet leaders of Gulf countries.
Downing Street said the prime minister would use his visit to the Gulf on Wednesday to make clear the UK’s commitment to de-escalation and hold further talks on “practical efforts” to restore freedom of
11 days ago
15-Point Confidence Gap Splits High- and Low-Income Consumers | PYMNTS.com
The new divide in consumer confidence is not whether Americans feel good about the economy, but whether they have enough income to turn that confidence into real spending power.
https://www.pymnts.com/con...
The new divide in consumer confidence is not whether Americans feel good about the economy, but whether they have enough income to turn that confidence into real spending power.
https://www.pymnts.com/con...
11 days ago
Efforts continue to address Iowa farmers’ demands
Iowa farmers are raising concern for what some state lawmakers are calling an agriculture economy downturn. A timely issue for farmers revolves around their access to fertilizer supplies. Nitrogen is a key import for fertilizer.
According to the Center for Strategic and International Studies, the war in Iran has disrupted fertilizer production and trade. John Whitaker is a Henry County farmer who says agriculture policy is “pragmatic” and bipartisan.
“Farmers never did like to get money from the mailbox, they want money from the market. We
Iowa farmers are raising concern for what some state lawmakers are calling an agriculture economy downturn. A timely issue for farmers revolves around their access to fertilizer supplies. Nitrogen is a key import for fertilizer.
According to the Center for Strategic and International Studies, the war in Iran has disrupted fertilizer production and trade. John Whitaker is a Henry County farmer who says agriculture policy is “pragmatic” and bipartisan.
“Farmers never did like to get money from the mailbox, they want money from the market. We
11 days ago
Iran ceasefire deal a partial win for Trump - but at a high cost
In the end, cooler heads prevailed – at least for now.
At 18:32 Washington time, President Donald Trump posted on his social media website that the US and Iran were "very far along" with a "definitive" peace agreement and that he had agreed to a two-week ceasefire to allow negotiations to proceed.
It wasn't exactly the last minute, but with Trump's looming 20:00 EDT (00:00 GMT on Wednesday) deadline to reach a deal or the US would launch massive strikes against Iranian energy and transportation infrastructure, it came pretty
In the end, cooler heads prevailed – at least for now.
At 18:32 Washington time, President Donald Trump posted on his social media website that the US and Iran were "very far along" with a "definitive" peace agreement and that he had agreed to a two-week ceasefire to allow negotiations to proceed.
It wasn't exactly the last minute, but with Trump's looming 20:00 EDT (00:00 GMT on Wednesday) deadline to reach a deal or the US would launch massive strikes against Iranian energy and transportation infrastructure, it came pretty
12 days ago
Iran war ceasefire pushes energy markets into twilight zone
Commentary
Ron Bousso
https://www.reuters.com/bu...
Commentary
Ron Bousso
https://www.reuters.com/bu...
12 days ago
Trump agrees to two-week Iran ceasefire, drops threat to destroy 'whole civilization'
By Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba
WASHINGTON/DUBAI/CAIRO, April 7 (Reuters) - U.S. President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face devastating attacks on its civilian infrastructure.
Trump's announcement on social media represented an abrupt turnaround from earlier in the day, when he issued an extraordinary warning that "a whole civilization will die tonight
By Steve Holland, Parisa Hafezi, Enas Alashray and Ahmed Tolba
WASHINGTON/DUBAI/CAIRO, April 7 (Reuters) - U.S. President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, less than two hours before his deadline for Tehran to reopen the Strait of Hormuz or face devastating attacks on its civilian infrastructure.
Trump's announcement on social media represented an abrupt turnaround from earlier in the day, when he issued an extraordinary warning that "a whole civilization will die tonight
12 days ago
Donald Trump's good news might be short-lived
PUBLISHED
APR 07, 2026 AT 09:14 PM EDT
Oil futures tumbled on Tuesday after President Donald Trump announced a two‑week ceasefire with Iran, offering a rare moment of relief for energy markets rattled by weeks of war and threats around the Strait of Hormuz, but the administration will have to tread carefully if they want those benefits to trickle down to American consumers.
The Trump administration has been plagued by an economy that's falling well short of Americans' expectations for the president. It's contributing to the drop his approval
PUBLISHED
APR 07, 2026 AT 09:14 PM EDT
Oil futures tumbled on Tuesday after President Donald Trump announced a two‑week ceasefire with Iran, offering a rare moment of relief for energy markets rattled by weeks of war and threats around the Strait of Hormuz, but the administration will have to tread carefully if they want those benefits to trickle down to American consumers.
The Trump administration has been plagued by an economy that's falling well short of Americans' expectations for the president. It's contributing to the drop his approval
12 days ago
4 ways Trump has suggested the Strait of Hormuz could be reopened — and why they're a tough lift
President Donald Trump made clear Tuesday that the fate of the Iranian people — and their civilization — is in his hands as he threatens to bomb them back to the “stone ages.”
But the Iranian regime has a trump card too: continuing its blockade of the Strait of Hormuz, a global energy chokepoint so vital that decisions made today could determine the global economy for months, even years, to come. Oil and gas shortages as a result of Iran’s blockade have already caused a crisis in parts of Asia
President Donald Trump made clear Tuesday that the fate of the Iranian people — and their civilization — is in his hands as he threatens to bomb them back to the “stone ages.”
But the Iranian regime has a trump card too: continuing its blockade of the Strait of Hormuz, a global energy chokepoint so vital that decisions made today could determine the global economy for months, even years, to come. Oil and gas shortages as a result of Iran’s blockade have already caused a crisis in parts of Asia
12 days ago
Larry Summers Reportedly Believes Trump’s Economy Is on the Brink of Crisis
(Michel Euler/AP photo)
Larry Summers is privately warning that the U.S. economy is “worryingly fragile” and potentially nearing crisis conditions, according to a report that underscores mounting concerns about inflation and federal debt.
The former Treasury chief, who resigned from his role at Harvard University after his friendly correspondence with Jeffrey Epstein was exposed in the Justice Department’s release, has circulated updated ******* ysis to fellow economists suggesting the current economic trajectory
(Michel Euler/AP photo)
Larry Summers is privately warning that the U.S. economy is “worryingly fragile” and potentially nearing crisis conditions, according to a report that underscores mounting concerns about inflation and federal debt.
The former Treasury chief, who resigned from his role at Harvard University after his friendly correspondence with Jeffrey Epstein was exposed in the Justice Department’s release, has circulated updated ******* ysis to fellow economists suggesting the current economic trajectory
12 days ago
China and Russia veto UN resolution on protecting Hormuz shipping
By David Brunnstrom
April 7 (Reuters) - China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling the measure biased against Iran, while Washington's ambassador to the world body called on "responsible nations" to join the U.S. in securing the waterway.
The 15-member Security Council voted 11 in favor of the resolution presented by Bahrain, with two against - China and Russia - and two abstentions.
U.S. President Donald Tr
By David Brunnstrom
April 7 (Reuters) - China and Russia on Tuesday vetoed a U.N. resolution encouraging states to coordinate efforts to protect commercial shipping in the Strait of Hormuz, calling the measure biased against Iran, while Washington's ambassador to the world body called on "responsible nations" to join the U.S. in securing the waterway.
The 15-member Security Council voted 11 in favor of the resolution presented by Bahrain, with two against - China and Russia - and two abstentions.
U.S. President Donald Tr
