NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America’s retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic downturn and surging labor costs. Some analysts suggest…
LONDON (AP) — Boris Johnson has caved in to a Conservative Party revolt after months of ethics scandals and resigned as party leader, but he remains Britain’s prime minister — for now — while a successor is chosen. With British politics in turmoil, here’s a look at what will happen next: WHY IS BORIS JOHNSON…
WASHINGTON (AP) — More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the most in almost six months. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week and…
LONDON (AP) — Boris Johnson wanted to be like his hero Winston Churchill: a larger-than-life character who led Britain through a time of crisis. He was felled by crises of his own making, as a trickle of ethics allegations became a flood that engulfed his government and turned his own party against him. Johnson resigned…
LONDON (AP) — He was the mayor who basked in the glory of hosting the 2012 London Olympics, and the man who led the Conservatives to a thumping election victory on the back of his promise to “get Brexit done.” But Boris Johnson’s time as prime minister was marred by his handling of the coronavirus…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s Central Bank has raised its key interest rates to their highest levels in more than 20 years to try to contain inflation that has added to the country’s economic woes. Recent price hikes have been a severe blow, especially for the South Asian country’s poor and vulnerable groups…
BRUSSELS (AP) — The European Union’s executive warned on Thursday that the continent is facing one of its toughest years when it comes to natural disasters like droughts and wildfires because of increasing climate change. With extremely dry weather hitting several Mediterranean nations, EU Commissioner Maroš Šefčovič told legislators on Thursday that “the present drought…
BERLIN (AP) — German lawmakers on Thursday approved a major package of reforms aimed at boosting the production of renewable power, as Chancellor Olaf Scholz warned that the country has for too long relied on energy supplies from Russia. The government unveiled its 600-page “Easter package” in April, less than two months after Russia’s invasion…
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and news reports said China might boost construction spending to stimulate its struggling economy. Shanghai, Tokyo, Hong Kong and Sydney advanced for a second day. Oil prices declined but stayed above…
JAKARTA, Indonesia (AP) — Foreign ministers from the Group of 20 leading rich and developing nations are gathering in Indonesia’s resort island of Bali for talks bound to be dominated by the conflict in Ukraine despite an agenda focused on global cooperation and food and energy security. The one-day gathering will take place on Friday…
