ANKARA, Turkey (AP) — Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official data released Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical Institute said the rate represented an increase of almost 70% from the month before. Consumer prices were up nearly 3% from…
TOKYO (AP) — Toshiba executives said Friday that privatization remains an option for the Japanese technology company, as they defended their efforts to choose the right bidder to restore what they called “a strong Toshiba.” Tokyo-based Toshiba has been trying to win over shareholders to a restructuring plan. The company has not given the nationalities…
NEW YORK (AP) — U.S. stocks fell broadly Friday and pulled major indexes into the red for the week as Wall Street focused on the downside of the still-strong U.S. jobs market. A report showed employers hired more workers last month than economists expected. While that’s a good sign for the economy amid worries about…
California regulators on Thursday gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads. The California Public Utilities Commission unanimously granted Cruise, a company controlled…
Congressional Democrats are accusing Amazon of “obstructing” their investigation into the company’s labor practices during severe weather events. Members of the House Committee on Oversight and Reform have sent a letter to Amazon CEO Andy Jassy, saying the company has failed to produce materials requested more than two months ago. The committee, which launched the…
PUEBLO, Colo. (AP) — A slide on an 80-foot-high (24-meter-high) coal pile killed two workers Thursday at a southern Colorado coal-fired electricity generating plant, authorities said after a day-long search for the victims. Rescuers found the bodies of the two men buried beneath about 60 feet (18 meters) of coal in the towering pile at…
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down slightly this week, though interest rates on the key 30-year home loan remain elevated. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked down to 5.09% from 5.1% last week. By contrast, the average rate stood at 2.99% a year ago. Until about…
Amazon said Thursday that it will shut down its digital Kindle bookstores in China and stop selling the device to retailers in the country to readjust the focus of its business. The company said in a post on the popular messaging app WeChat that the digital bookstore will stop operating on June 30, 2023. Customers…
BRUSSELS (AP) — Thanks to the insistence of Hungary, the head of the Russian Orthodox Church has been removed from the latest round of European Union sanctions to punish Russia’s invasion of Ukraine, four EU diplomats told The Associated Press. The sixth package of sanctions, which includes an embargo on most Russian oil imports into…
For years California, Florida, Oregon, Washington, and other states have relied on incarcerated men and women to fight wildfires. They are trained to perform grueling work while earning just a few dollars, sometimes as little as $2 a day. Incarcerated workers who serve as volunteer firefighters help contain and combat blazes as wildfires have become…
