America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%….
LONDON (AP) — Inflation in Europe soared to another record, according to new EU figures released Friday, in a fresh sign that rising energy prices fueled by Russia’s war in Ukraine are squeezing consumers and adding pressure on the central bank to raise interest rates. Consumer prices in the 19 countries that use the euro…
DUBAI, United Arab Emirates (AP) — The world is looking to Saudi Arabia to boost oil production as global energy prices spike because of Russia’s invasion of Ukraine. But that could mean rethinking how to deal with the kingdom’s controversial crown prince. Crown Prince Mohammed bin Salman’s ties with longtime allies have been troubled by…
LONDON (AP) — Tia Rutherford is worried about her 3-year-old son. As energy prices soared last fall, she tacked fleece blankets over her doors and windows to keep the cold out and started serving Jacob breakfast in his room so she didn’t have to heat the living room. But she’s consumed by worry that she…
NEW YORK (AP) — Stocks notched modest gains and Treasury yields soared Friday on Wall Street after a healthy report on the U.S. job market strengthened expectations for coming interest rate hikes. The S&P 500 rose 0.3% after bouncing between small gains and losses. The benchmark index eked out a slight gain for the week,…
NEW YORK (AP) — Labor organizers always knew it would be tough to convince Amazon workers to unionize. But a surprisingly strong early showing in a New York election and a still-uncertain outcome in an Alabama election are giving them hope. In Staten Island, New York, 1,518 warehouse workers have so far voted “yes” to…
DALLAS (AP) — President Joe Biden is again dipping into the nation’s petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily release of 1 million barrels of oil from the strategic petroleum reserve for the next six months. Biden will also ask Congress to penalize…
BILLINGS, Mont. (AP) — U.S. officials on Thursday adopted a rule aimed at reducing deaths and environmental damage from oil and gas pipeline ruptures — a long-delayed response to fatal explosions and massive spills that have occurred over decades in California, Michigan, New Jersey and other states. But safety advocates said the move by the…
BERLIN (AP) — Germany’s independent vaccination advisory panel is recommending a booster shot with a messenger RNA vaccine for people who have had a full course of four Chinese, Indian and Russian COVID-19 vaccines that aren’t currently approved for use in the European Union. In a draft recommendation Thursday, the panel, known by its German…
BERLIN (AP) — Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said Russia will start…
