NEW YORK (AP) — United Parcel Service said Wednesday it plans to hire more than 100,000 extra workers to help handle an increase in packages during the critical holiday season. That’s similar to the holiday seasons of 2021 and 2020. Holiday-season volumes usually start rising in October and remain high into January. The hiring plans…
LONDON (AP) — Britain’s new prime minister has pledged to rebuild the economy and “ride out the storm” gathering over the country, but Liz Truss faces a daunting job. She inherits an ailing economy on the brink of a potentially long recession, with record inflation that’s forecast to worsen in coming months and millions crying…
(Reuters) – California avoided rotating power outages as demand hit a record on Tuesday and prices soared to a two-year high as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketing the drought-stricken region. The California Independent System Operator (ISO), grid operator for most of the state, told utilities…
BERLIN (AP) — The Austrian government on Wednesday announced plans for a power price cap to curb the rise in energy costs tied to Russia’s war in Ukraine. Chancellor Karl Nehammer said the cap should ease costs for an average household of three by about 500 euros ($494) per year. The government will provide around…
BRUSSELS (AP) — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday. With winter approaching, the 27 EU members are…
FRANKFURT (Reuters) -Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the German economy, warned on Wednesday that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors. The CEO of the nation’s top lender said Germany would “no longer be able to avert a…
LONDON (AP) — Liz Truss’s new Cabinet is Britain’s most diverse ever, with women serving as prime minister and deputy prime minister and Black and South Asian politicians filling many of the top jobs. While they come from different backgrounds, the new ministers share Truss’ small-state, free-market economic views and staunch support for Britain’s exit…
NEW YORK (AP) — Target is dropping the mandatory retirement age for its CEO, allowing Chief Executive Brian Cornell to stay on for three more years. Cornell, 63, would have passed the age of 65 in that span. Cornell took the helm at Target in 2014 when the discounter was grappling with a major data…
NEW DELHI (Reuters) – Intel Corp currently has no plans to establish a manufacturing facility in India, the company said in a statement on Wednesday. The comments came after India’s transport minister said earlier in the day that the chipmaker will set up a semiconductor manufacturing plant in the country. (Reporting by Munsif Vengattil in…
KYIV, Ukraine (AP) — Russia resumed shelling near Ukraine’s Zaporizhzhia nuclear power plant, a local official said Wednesday, a day after the U.N. atomic watchdog agency pressed for the warring sides to carve out a safe zone there to prevent a catastrophe. The city of Nikopol, on the opposite bank of the Dnieper River from…
