Business & Financial News, U.S & International Breaking News

President Donald Trump approved payment of a $2 million bill presented by North Korea to cover its care of comatose American Otto Warmbier, a college student who died shortly after being returned home from 17 months in a North Korean prison, the Washington Post reported on Thursday.

Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.

A popular sex classified website said this week that it was shutting down its services in the United States, citing the likelihood that legal challenges would fail to overturn a landmark package of federal sex trafficking laws passed by Congress a year ago.

Secretary of State Mike Pompeo is accelerating a plan to cut up to half of the workforce at the U.S. embassy in Kabul starting at the end of next month, sparking concern it will undermine the fragile Afghan peace process, U.S. officials and congressional aides said.

A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday.

At the first major news conference of his presidency, Emmanuel Macron pledged to cut taxes on Thursday and said the French would have to work longer as he outlined his response to months of anti-government protests that have shaken his authority.