WASHINGTON (AP) — The number of Americans filing for unemployment benefits last week fell to its lowest level since May despite repeated attempts by the Federal Reserve to cool the economy and bring inflation under control. Applications for jobless aid for the week ending Sept. 3 fell by 6,000 to 222,000, the Labor Department reported…
DETROIT (AP) — Jeep will start selling two fully electric SUVs in North America and another one in Europe over the next two years. The new EVs, Jeep’s first, are part of the Stellantis brand’s plans to convert half of its U.S. sales and all of its European sales to battery-electric vehicles by 2030. They’re…
LONDON (AP) — New British Prime Minister Liz Truss announced Thursday that her Conservative government will cap domestic energy prices for homes and businesses to ease a cost-of-living crisis that has left residents across the United Kingdom facing a bleak winter. The moves are a huge government intervention in the economy by Truss, who sees…
By Marc Jones LONDON (Reuters) – Stocks and bond yields shuffled higher while the euro perched at parity on Thursday as investors waited to see if the European Central Bank would fight runaway inflation with a record interest rate hike of 75 basis points or go smaller. A drop in oil below $90 a barrel,…
(Reuters) – Britain’s Cineworld filed for bankruptcy protection in the United States, as the world’s second-largest cinema chain operator struggles to rein in its massive debt. The Chapter 11 filing involves Cineworld’s U.S., UK and Jersey operations, covering the bulk of its business. Here is a timeline of the company, which operates under the Cinema…
KYIV, Ukraine (AP) — The head of Ukraine’s atomic energy operator accused Russia on Thursday of trying to “steal” Europe’s largest nuclear plant by cutting it off from the Ukrainian electricity grid and leaving it on the brink of a radiation disaster. The Zaporizhzhia Nuclear Power Plant has been without an outside source of electricity…
KYIV, Ukraine (AP) — U.S. Secretary of State Antony Blinken paid an unannounced visit to Kyiv on Thursday as the Biden administration announced major new military aid worth more than $2.8 billion for Ukraine and other European countries threatened by Russia. In meetings with senior Ukrainian officials, including President Volodymyr Zelenskyy, Blinken said the Biden…
FRANKFURT (Reuters) – JPMorgan sees Germany as an “interesting market” for a possible expansion of its consumer business but no decision has yet been made, an executive said on Thursday. Stefan Behr, the chief executive of JPMorgan in Europe, said the U.S. bank was still focused on the digital-only consumer bank it set up in…
By Jonathan Saul, Nigel Hunt and Pavel Polityuk KYIV (Reuters) – Too few ships are arriving in Ukraine to quickly clear mountains of grain built up over months of war despite a U.N.-backed sea corridor, threatening to drive up global food prices and leave the country’s cash-strapped farmers struggling to plant crops. President Vladimir Putin…
FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession. The bank’s governing council raised its key benchmarks…
