COLOMBO, Sri Lanka (AP) — Sri Lanka’s president said Tuesday that his bankrupt country’s talks with the International Monetary Fund for a rescue package have successfully reached final stages as he presented an amended budget that seeks to tame inflation and hike taxes. President Ranil Wickremesinghe, who is also the finance minister, said in a…
BEIJING (AP) — Asian stocks followed Wall Street lower Thursday after strong U.S. jobs data fueled expectations of further interest rate hikes and Chinese manufacturing activity weakened. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose nearly $1 per barrel. U.S. government data Tuesday that showed there were two jobs for every unemployed person…
WASHINGTON (AP) — Federal regulators have sued a data broker they accuse of selling sensitive geolocation data from millions of mobile devices, information that can be used to identify people and track their movements to and from sensitive locations, including reproductive health clinics, homeless shelters and places of worship. The Federal Trade Commission on Monday…
DETROIT (AP) — The National Labor Relations Board has reversed a Trump-era decision by finding that Tesla can’t stop factory employees from wearing clothing with union insignia while on the job. The board, in a 3-2 decision released Monday, overruled a 2019 NLRB decision involving Walmart and union clothing. The board wrote that a 1945…
OMAHA, Neb. (AP) — Three of the 12 unions negotiating with the nation’s biggest freight railroads have reached a tentative deal which will deliver 24% pay raises, in line with what a special presidential panel of arbitrators recommended earlier this month to resolve the stalemate before a strike could happen. The tentative five-year deal announced…
NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a Federal Trade Commission lawsuit that accuses the nation’s largest retailer of allowing its money-transfer services to be used by scam artists. The motion calls the FTC’s June lawsuit an “egregious instance of agency overreach.” The FTC alleges in its lawsuit that for…
BERLIN (AP) — The head of the European Union’s executive branch and Germany’s chancellor on Monday pledged a reform of the continent’s electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices. European Commission President Ursula von der Leyen said in a speech in Bled, Slovenia, that soaring…
BEIJING (AP) — Authorities in central China on Monday announced the arrests of 234 people involved in a scam to bilk people out of their savings with the false promise of high interest rates on deposits in obscure rural banks. The scandal drew national attention after investors seeking answers about where their money went were…
BERLIN (AP) — About 52 million tickets allowing people to use local public transportation across Germany for just nine euros (dollars) per month were sold over the summer, a group representing transit companies said Monday, days before the project ends and amid widespread calls for some kind of successor. The “9-euro ticket,” which was introduced…
ALEXANDRIA, Va. (AP) — Angela Williams’ first year as United Way Worldwide’s president and CEO has been marked with challenges: rising inflation, the war in Ukraine driving increased demand for charitable services, and the need to rebuild public trust in her organization. As the first Black leader of United Way Worldwide, the former Air Force…
