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Pemex Taps Petrobras Expertise for Gulf of Mexico Exploration

Key Points —President Sheinbaum met Petrobras CEO Magda Chambriard on April 25 to formalize Pemex Petrobras cooperation in exploration, production, refining, and biodiesel. —Petrobras technical teams will visit Mexico on May 13 to work alongside Pemex engineers on deep-water extraction and ethanol production. —Sheinbaum plans to visit Brazil in May to sign a broader bilateral […]

The post Pemex Taps Petrobras Expertise for Gulf of Mexico Exploration appeared first on The Rio Times.

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US debt exceeds 100 percent of GDP 

The U.S. national debt hit crossed 100 percent of gross domestic product (GDP) at the end of March, with signs that it might cross the record of 106 percent of GDP reached immediately after World War II. The Bureau of Economic Analysis released data on the national debt reaching 100.2 percent of GDP on Thursday,...

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Trump to lift tariffs on scotch whisky after king’s US visit

President says decision made ‘in honor of the king and queen’ as industry officials call deal ‘significant boost’

In a gesture of diplomatic friendliness after King Charles’s visit to the White House, Donald Trump said the US would be removing all tariffs on whisky imports.

“In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon,” Trump said in a post on social media.

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© Photograph: Stefano Guidi/Getty Images

© Photograph: Stefano Guidi/Getty Images

© Photograph: Stefano Guidi/Getty Images

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Trump administration says hostilities in Iran ‘terminated’ ahead of war powers deadline

US president faced a 60-day deadline on Friday to end the Iran war or make the case to Congress for extending it

A US-Iran ceasefire that began in early April has “terminated” hostilities between the two sides for the purposes of an approaching congressional war powers deadline, a senior official of the Trump administration said on Thursday.

Donald Trump faced a deadline on Friday to end the Iran war or make the case to Congress for extending it, but the date was most likely to pass without altering the course of the war.

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© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

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Jim Cramer on inflation report: 'These numbers are just bad'

CNBC host Jim Cramer on Thursday slammed the newest inflation report signaling financial gloom for the coming months. The Personal Consumption Expenditures index, which reflects changes in the prices of goods and services purchased by consumers in the U.S., rose by 0.7 percent from February to March. The index is compiled by the Commerce Department's...

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Partial US government shutdown ends after Congress votes to fund DHS

Republican-controlled House approved bipartisan measure to fund much of DHS, including Secret Service and TSA

The US House of Representatives has voted to fund much of the Department of Homeland Security – excluding immigration enforcement operations – and end the longest government agency shutdown in history.

The deal struck on Thursday aims to draw a line under a 75-day impasse that had threatened airport chaos and exposed fresh strains within the Republican party.

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© Photograph: Andrés Kudacki/Getty Images

© Photograph: Andrés Kudacki/Getty Images

© Photograph: Andrés Kudacki/Getty Images

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‘KPop Demon Hunters’ Trio EJAE, Audrey Nuna And REI AMI Honored At KACF Gala

'KPop Demon Hunters' singers EJAE, Audrey Nuna and REI AMI took the stage at the 2026 KACF gala, which raised $3.5 million for Korean American communities nationwide.

© Andre Maier (Courtesy of KACF)

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Senators pass resolution banning themselves from trading on prediction markets

The Senate unanimously agreed to a resolution Thursday barring its members from trading on prediction markets in the face of growing concerns about insider trading on the platforms. The resolution, which was introduced by Sen. Bernie Moreno (R-Ohio) last week, amends the chamber’s rules to prohibit senators from entering into “an agreement, contract, or transaction...

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