WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators. The Federal Aviation Administration proposal would increase fuel-efficiency standards for jets and large turboprop and propeller-driven planes that it has not yet certified and planes built after Jan. 1,…
WASHINGTON (AP) — Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large t hree-quarter point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have a huge effect on…
SAN FRANCISCO (AP) — Internet Explorer is finally headed out to pasture. As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore. The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of…
WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession. The unusually large rate hike…
BERLIN (AP) — Russia’s Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row Wednesday, creating further energy turmoil for Europe as it tries to reduce its extensive use of Russian oil and natural gas amid the war in Ukraine. The state-owned energy giant said…
NEW YORK (AP) — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a revised 0.7% increase in April, the Commerce Department said…
DETROIT (AP) — Automakers reported nearly 400 crashes over a 10-month period involving vehicles with partially automated driver-assist systems, including 273 with Teslas, according to statistics released Wednesday by U.S. safety regulators. The National Highway Traffic Safety Administration cautioned against using the numbers to compare automakers, saying it didn’t weight them by the number of…
BRUSSELS (AP) — NATO defense ministers attending a two-day meeting starting Wednesday will discuss beefing up weapons supplies to Ukraine, and Sweden and Finland’s applications to join the trans-Atlantic military alliance, Secretary-General Jens Stoltenberg said. The meeting, less two weeks before a summit of NATO leaders in Madrid, comes with Kyiv imploring the West to…
KYIV, Ukraine (AP) — The Russian military said it used long-range missiles Wednesday to destroy a depot in the western Lviv region of Ukraine where ammunition for NATO-supplied weapons was stored, and the governor of a key eastern city acknowledged that Russian forces are advancing in heavy fighting. The battle for Sievierodonetsk in Ukraine’s eastern…
BRUSSELS (AP) — The European Union is launching legal action against the U.K. in response to Britain’s unilateral moves to rip up parts of the post-Brexit deal between both sides, officials said Wednesday, But the European Commission, the bloc’s executive branch, insisted it remained open to finding a joint solution outside of the courts. The…
