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Iceland volcano erupts for 10th time in three years

Iceland, with nearly 400,000 inhabitants, is located on the fault line between the Eurasian and North American tectonic plates, making it a seismic hotspot with geysers, warm-water springs and dozens of volcanoes. Read more

30-year fixed-rate mortgage approaches 7%

U.S. Treasury yields have risen on strong economic data and investor fears that President-elect Donald Trump’s policies, including higher tariffs on imported goods and mass deportations, could reignite inflation. Read more

Indian billionaire indicted in U.S. bribery case

Authorities charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion in profits. Read more

Apple urges judge to end smartphone monopoly case

U.S. District Judge Julien Neals in Newark, New Jersey, heard arguments from lawyers for Apple who said the government’s case should be dismissed on multiple grounds and asked the judge to limit the discovery process. Read more

Bitcoin surges to record high near $95,000

Bitcoin has soared more than 40% since the Nov. 5 presidential election, as traders bet that Trump’s stated commitment to support cryptocurrencies would lead to a less restrictive regulatory environment, lifting the sector overall. Read more

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