TOKYO (AP) — Toyota’s flagship model in Japan, the Crown, is going on sale around the world for the first time, including in the U.S. “I’m so excited to announce today that this new Crown family of vehicles will be offered not just in Japan but globally for the very first time,” its Chief Executive…
BANGKOK (AP) — Top financial officials from the Group of 20 leading rich and developing nations met on the Indonesian island of Bali on Friday seeking strategies to counter inflation, food insecurity and other troubles that have worsened due to the war in Ukraine. Indonesian Finance Minister Sri Mulyani Indrawati opened the two-day meeting by…
Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations. A July survey from the University of Michigan showed that inflation expectations have held steady or improved, along with general consumer sentiment. The…
BEIJING (AP) — China’s economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks, but the government said a “stable recovery” is under way after businesses reopened. The world’s second-largest economy shrank by 2.6%, down from the January-March period’s already…
ISLAMABAD (AP) — The International Monetary Fund said Thursday it has reached a preliminary agreement with Pakistan to revive a $6 billion bailout package for this impoverished, majority Muslim nation struck by a serious economic crisis since last year. Pakistan and the IMF originally signed the accord in 2019. But the release of a slightly…
WASHINGTON (AP) — The Federal Reserve’s inspector general concluded Thursday that financial trades made several years ago by Chair Jerome Powell and Richard Clarida, then the vice chair, did not violate any laws or ethics rules. “We did not find evidence to substantiate the allegations that former Vice Chair Clarida or you violated laws, rules,…
BILLINGS, Mont. (AP) — U.S. prosecutors suspect a Wyoming company of potentially concealing problems with a pipeline that broke in 2015 and spilled more than 50,000 gallons (240,000 liters) of crude into Montana’s Yellowstone River, fouling a small city’s drinking water supply, court filings show. The government is suing Bridger Pipeline for violations of environmental…
ROME (AP) — Italian Premier Mario Draghi has told his Cabinet he will offer his resignation on Thursday evening to the president, following the refusal of a coalition ally to support a government bill. “The majority of national unity that has sustained this government from its creation doesn’t exist any more,” Draghi said in a…
VINNYTSIA, Ukraine (AP) — Russian missiles struck a city in central Ukraine on Thursday, killing at least 23 people and wounding more than 100 others far from the front lines, Ukrainian authorities said. Ukraine’s president accused Russia of deliberately targeting civilians in locations without military value. Officials said Kalibr cruise missiles fired from a Russian…
ROME (AP) — Eugenio Scalfari, who helped revolutionize Italian journalism with the creation of La Repubblica, a liberal daily that boldly challenged Italy’s traditional newspapers, died Thursday at 98, the Senate president announced. Senate President Maria Elisabetta Alberti Casellati led lawmakers who were debating a bill in a minute of silence to honor one of…
