NEW YORK (AP) — Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading Friday that left it a bit higher. The S&P 500 rose 8.07 points, or 0.2%, to 3,674.84 after waffling between modest losses and gains for most of the day. The Dow Jones…
GENEVA (AP) — After all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed at protecting stocks of ocean fish, broadening production of COVID-19 vaccines in the developing world, improving food security and reforming a 27-year-old trade body that has been back on its heels in recent…
Airlines canceled more than 1,500 flights in the U.S. on Thursday, one of the worst days yet for travel as the peak summer vacation season heats up. At LaGuardia Airport in New York, more than one-third of all flights were scrubbed, and more than one-fourth of flights were dropped at nearby Newark Liberty airport in…
BERLIN (AP) — Germany’s vice chancellor is stepping up an appeal for the country’s residents to save energy after Russia’s Gazprom announced significant cuts in natural gas deliveries through a key pipeline. State-owned Gazprom announced on Tuesday that it was cutting gas flows through the undersea Nord Stream 1 pipeline to Germany by 40%, then,…
THE HAGUE, Netherlands (AP) — The Netherlands’ busiest airport is reining in flight departures over its busy summer period because shortages of security staff mean it cannot cope with the high demand as many families take to the skies for the first time since the coronavirus pandemic has eased. The decision is likely to affect…
NEW YORK (AP) — Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full circle by stopping some drivers from filling up their tanks. This “demand destruction” occurs when persistently high prices cause demand to drop. It’s an unwelcome sign as consumers face…
NEW YORK (AP) — Cryptocurrency company Circle said Thursday that it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month. It would be the first stablecoin in euros — the world’s second-most-important reserve currency after the U.S. dollar — backed by a large player in the industry and…
GENEVA (AP) — Talks went down to the wire Thursday as the World Trade Organization was set to wrap up its first ministerial-level meeting in more than four years, with no firm deal so far on issues like food security, the fight against overfishing in the seas, and efforts to broaden access to COVID-19 vaccines….
MILAN (AP) — Italian luxury sportscar maker Ferrari on Thursday outlined an electrification strategy that calls for 40% full-electric vehicles and 40% hybrid models by 2030. CEO Benedetto Vigna confirmed that the first electric car will be presented in 2025, with the first deliveries the following year. Now, just four Ferrari models, or 20% of…
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest rates. Applications for jobless aid fell by 3,000 to 229,000 for the week ending June 11, down from the previous week’s 232,000, the Labor Department reported Thursday. First-time applications…
