BERLIN (AP) — More than 1,000 Lufthansa flights were canceled Wednesday because of a one-day strike by the airline’s German ground staff, affecting tens of thousands of passengers in the latest travel turmoil to hit Europe. About 134,000 passengers had to change their travel plans or cancel them altogether. At least 47 connections were canceled…
BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool inflation. Shanghai, Hong Kong and South Korea declined. Tokyo and Sydney advanced. Oil prices were little changed, staying below $100 per barrel. Wall Street tumbled Tuesday after Walmart…
CANBERRA, Australia (AP) — Australian inflation rose farther, according to new data released on Wednesday that increases the likelihood of the central bank next week hiking interest rates for a fourth consecutive month. Inflation in the year through June was 6.1%, up from 5.1% in the year through March, the Australian Bureau of Statistics said….
NEW YORK (AP) — Visa Inc. said Tuesday that its fiscal third quarter profits rose 32% from a year earlier, helped by yet another double-digit rise in the amount of money processed on its credit and debit card network. The payment processing company said it earned a profit of $3.4 billion, or $1.60 a share,…
DOVER, Del. (AP) — Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk. The company said in a regulatory filing on Tuesday that it is recommending shareholders vote for the $44 billion deal to be completed. The date is ahead of…
WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month….
WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended. Six months of contraction is a long-held informal definition of a recession. Yet nothing is…
Choco Taco, a favored poolside cuisine for generations, will soon be no more after owner and ice cream maker Klondike decided to discontinue the summer treat. “Over the past 2 years, we have experienced an unprecedented spike in demand across our portfolio and have had to make very tough decisions to ensure availability of our…
WASHINGTON (AP) — U.S. consumer confidence slid again in July higher prices for food, gas and just about everything else continued to weigh on Americans. The Conference Board said Tuesday that its consumer confidence index fell to 95.7 in July from 98.4 in June, largely due to consumer anxiety over the current economic conditions, particularly…
LONDON (AP) — Unilever, the consumer goods giant that owns brands ranging from Ben & Jerry’s ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world. That shored up revenue in the first half of the year, with the London company on Tuesday…
