Batten down the hatches for another nasty hurricane season. Nearly every natural force and a bunch of human-caused ones — more than just climate change — have turned the last several Atlantic hurricane seasons into deadly and expensive whoppers. The season that starts Wednesday looks like another note in a record-breaking refrain because all those…
SHANGHAI (AP) — Shanghai authorities say they will take major steps Wednesday toward reopening China’s largest city after a two-month COVID-19 lockdown that has set back the national economy and largely confined millions of people to their homes. Already, a steady stream of people strolled in the Bund, the city’s historic waterfront park, on a…
The unofficial start of summer over the Memorial Day weekend offers a troubling glimpse of what lies ahead for travelers during the peak vacation season. U.S. airlines canceled more than 2,800 flights from Thursday through Monday, or about 2% of their schedules, according to tracking service FlightAware. Delta Air Lines, usually among the top performers,…
SILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation. The Conference Board said Tuesday that its consumer confidence index dipped to 106.4 in May — still a strong reading — from 108.6 in April. The business…
NEW DELHI (AP) — India’s economic growth, hit by pandemic curbs and price increases, slowed to 4.1% in the January-March quarter, according to figures released Tuesday by the government. It was the slowest pace in the financial year that ended in March, following 5.4% growth in the previous quarter. Overall, India’s economy grew by 8.7%…
TOKYO (AP) — Japan’s parliament enacted a 2.7 trillion yen ($21 billion) extra budget on Tuesday to tackle soaring fuel and food prices following Russia’s invasion of Ukraine. The extra budget is for the current fiscal year that started April 1 and will fund part of a 6.2 trillion yen ($48 billion) emergency economic package…
BUDAPEST, Hungary (AP) — Hungary’s divisive leader has once again got his own way with the European Union — this time in tough negotiations on Russian oil at a summit in Brussels. And nationalist Prime Minister Viktor Orban wasn’t shy about trumpeting his success in leveraging the bloc to win significant concessions, allowing his country…
BRUSSELS (AP) — The European Union’s groundbreaking decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine is a blow to Moscow’s economy, but its effects may be blunted by rising energy prices and other countries willing to buy some of the petroleum, industry experts say. European Union…
BERLIN (AP) — Authorities in Germany raided the offices of Deutsche Bank and its subsidiary DWS on Tuesday following claims that it was exaggerating the sustainable credentials of some of the products it sold. German news agency dpa quoted Frankfurt prosecutors saying the probe focused on allegations of investment fraud, but no specific suspects had…
SLOVIANSK, Ukraine (AP) — Russian forces in a “frenzied push” have seized half of Sievierodonetsk, the eastern Ukrainian city that is key to Moscow’s efforts to complete the capture of the industrial Donbas region, the mayor said Tuesday. “The city is essentially being destroyed ruthlessly block by block,” Oleksandr Striuk said. He said heavy street…
