BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday after a Federal Reserve official’s comments fueled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney retreated. Wall Street’s S&P 500 index tumbled 1.3% after Fed Governor Lael…
NEW YORK (AP) — When a scrappy group of former and current warehouse workers on Staten Island, New York went head-to-head with Amazon in a union election, many compared it to a David and Goliath battle. David won. And the stunning upset on Friday brought sudden exposure to the organizers and worker advocates who realized…
BANGKOK (AP) — Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Bank says in a report released Tuesday. The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as…
Former McDonald’s workers who alleged rampant sexual harassment at their Michigan restaurant have reached a $1.5 million settlement agreement with the restaurant’s former owner. The American Civil Liberties Union’s Women’s Rights Project, which helped represent the employees, announced the settlement deal Monday. It must still be approved by a federal judge. Former McDonald’s worker Jenna…
Air travel in the United States improved Monday after a rocky weekend that left thousands of flyers stranded by thunderstorms in Florida, technology problems at the busiest domestic airline and labor problems at another carrier. However, airlines that do much of their flying in Florida were still struggling Monday, especially Spirit Airlines. And airlines were…
NEW YORK (AP) — Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday, Dimon’s annual letter has become something of a tradition for JPMorgan investors as well as the public. Never too shy to share his thoughts on…
BERLIN (AP) — Germany on Monday put a government agency in charge of a longtime German subsidiary of Russia’s state-owned energy giant Gazprom after an opaque move last week by the parent company to cut ties with the unit. Economy Minister Robert Habeck said Germany’s network regulator has been appointed as Gazprom Germania’s trustee until…
Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for those supplies every day. But it’s not so easy, given Europe’s dependence on Russian energy….
NEW YORK (AP) — Small businesses still have the pandemic and now high inflation to grapple with — and they’re finding it’s tough to get a loan to help with the daily grind. A recently released survey from the Federal Reserve shows how the pandemic has altered the financial landscape for small business. About 85%…
GENEVA (AP) — The U.N. health agency says nearly everybody in the world breathes air that doesn’t meet its standards for air quality, calling for more action to reduce fossil-fuel use, which generates pollutants that cause respiratory and blood-flow problems and lead to millions of preventable deaths each year. The World Health Organization, about six…
