WASHINGTON (AP) — Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months. Applications for jobless aid for the week ending June 25 ticked down to 231,000, a decline of 2,000 from the previous week,…
WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and…
PRAGUE (AP) — The Czech Republic has decided to reverse plans to halt mining in a key black coal region to help the country safeguard its power supply amid high demand and the energy crunch prompted by the Russia’s war in Ukraine. Finance Minister Zbynek Stanjura said Thursday that the state-owned OKD company will extend…
THE HAGUE, Netherlands (AP) — Dutch flag carrier KLM announced Thursday it is repaying the last portion of loans it got from from the Netherlands government and banks to help it survive when the COVID-19 pandemic threw global aviation into a tailspin. The carrier is paying back 277 million euros ($290 million) to the government,…
LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations…
NEW YORK (AP) — The OPEC oil cartel and allied producing nations decided Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fueled inflation plaguing the global economy. The increase of 648,000 barrels per day in August still leaves the world…
BANGKOK (AP) — Japanese beverage giant Kirin Holdings plans to sell its shares in Myanmar Brewery to the joint venture, giving its local partner Myanma Economic Holdings Plc. 100% control of the company. Kirin said the share buyback agreement took into account its employees and other stakeholders and would be the fastest way to exit…
TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with renewed waves of coronavirus outbreaks, soaring prices and the war in Ukraine….
BEIJING (AP) — China’s manufacturing activity improved in June after anti-virus controls that shut down Shanghai and other industrial centers were eased, a survey showed Thursday. The monthly purchasing managers’ index released by the national statistics bureau and an industry group rose to 50.2 from May’s 49.6 on a 100-point scale on which numbers above…
WASHINGTON (AP) — The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an interview Wednesday, Steven Cliff, who was confirmed last month as head of…
