WARSAW, Poland (AP) — Poland’s prime minister vowed Thursday to support higher production at the nation’s coal mines in order to bring down heating and energy prices that have soared amid the war in neighbouring Ukraine and the European Union’s efforts to reduce its dependency on Russian energy sources. However, the pledge that Prime Minister…
DALLAS (AP) — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more for many other essentials too. AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last week…
DETROIT (AP) — Teslas with partially automated driving systems are a step closer to being recalled after the U.S. elevated its investigation into a series of collisions with parked emergency vehicles or trucks with warning signs. The National Highway Traffic Safety Administration said Thursday that it is upgrading the Tesla probe to an engineering analysis,…
By Pete Schroeder WASHINGTON (Reuters) – A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust. In a letter obtained by Reuters, Senator Pat Toomey told Kansas City Fed President Esther…
BERLIN (AP) — Germany’s transport minister voiced strong opposition Thursday to plans to ban the sale of new cars with combustion engines across the European Union in 2035, arguing this would discriminate against vehicles powered with synthetic fuels. EU lawmakers voted Wednesday to back the measure that requires automakers to cut carbon-dioxide emissions by 100%…
WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another big increase to its main borrowing rate. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.23% this week from 5.09% last week. A year ago at this…
By Stine Jacobsen and Helena Soderpalm COPENHAGEN (Reuters) -Some 1,000 SAS pilots in Denmark, Norway and Sweden could go on strike from late June over disagreements on wages and ways to cut costs at the struggling Nordic airline, labour unions said, drawing a sharp rebuke from the company. “We have been negotiating for months without…
By Nichola Groom (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy supplies have been postponed,…
By Michel Rose TOULOUSE, France (Reuters) – The vibrant southern French city of Toulouse, home to pan-European industrial champion Airbus, might seem an unlikely prize for the anti-free market, eurosceptic Jean-Luc Melenchon. But after Melenchon came top in the Toulouse constituency hosting the aerospace company in France’s presidential election, it is a seat his new…
The global supply chain is in shambles. Retailers are paying record fees for shipping. China is the ‘warehouse for the globe’ but its covid policies are crippling supply chains. Consumer spending habits fluctuate at a record pace as the pandemic impacts wants and needs. The need for accuracy and speed in today’s marketplace has never…
