WELLINGTON, New Zealand (AP) — Two men charged by U.S. prosecutors with racketeering and other crimes for their involvement in the once wildly popular file-sharing website Megaupload said Tuesday they have reached a deal that will see them avoid being extradited to the U.S. in exchange for facing charges in New Zealand. The deal by…
NEW YORK (AP) — The Federal Reserve said Monday that Russia’s war in Ukraine and surging inflation are now the greatest threats facing the global financial system, supplanting the coronavirus pandemic. The observations came in the Fed’s semiannual Financial Stability Report that looks at trends in trading and investing as well as broad economic issues….
WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession, just two years after emerging from the last one? For now,…
NEW YORK (AP) — When Dana Donofree had a bilateral mastectomy and implant reconstruction after her breast cancer diagnosis in 2010, the then 28-year-old fashion designer discovered only medical and uncomfortable bras catering to women with the disease. Such frustrations led Donofree to launch her lingerie company called AnaOno in 2014, aimed primarily for women…
MILAN (AP) — Italian Premier Mario Draghi meets with U.S. President Joe Biden this week in Washington as Europe faces another “whatever it takes” moment with Russia’s war in Ukraine raging on its eastern flank. Both Rome and Washington will emphasize their historic friendship and shared desire to help Ukraine defend itself from Russia’s two-month-old…
BEIJING (AP) — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7% over a year earlier to $273.6 billion, down sharply from March’s 15.7% growth, customs data showed Monday. Reflecting…
BEIJING (AP) — Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. Market benchmarks in Tokyo, Hong Kong, Seoul and Sydney fell. Shanghai advanced. Oil prices fell more than $1 but stayed above $100 per barrel. Wall Street’s benchmark S&P 500 index tumbled…
BELFAST, Northern Ireland (AP) — The Irish nationalist party Sinn Fein, which seeks unification with Ireland, hailed a “new era” Saturday for Northern Ireland as it captured the largest number of seats in the Northern Ireland Assembly for the first time in a historic win. With almost all votes counted from Thursday’s local U.K. election,…
PARIS (AP) — French President Emmanuel Macron was inaugurated for a second term on Saturday, vowing to take action to avoid any further escalation of Russia’s war in Ukraine and promising he would promote France and Europe on the world stage. Macron was reelected for five years after winning the April 24 presidential runoff against…
The forced sale of Chelsea is ending after attracting the highest price for a sports team of 2.5 billion pounds ($3.1 billion) from a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. There are still potential stumbling blocks to the sale of Roman Abramovich’s asset, frozen by sanctions against the Russian oligarch. The British…
