BRUSSELS (AP) — With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again, especially apparent when President Joe Biden offered a major expansion of natural gas shipments to his European Union counterpart Friday. Talking to European Commission President Ursula von der Leyen, Biden said the…
BRUSSELS (AP) — The European Union and United States made a breakthrough in their yearslong battle over the privacy of data that flows across the Atlantic with a preliminary agreement Friday that paves the way for Europeans’ personal information to be stored in the U.S. President Joe Biden and European Commission President Ursula von der…
Millionaire philanthropist Pete Kadens is trying to do what President Biden hasn’t been able to get done. Kadens has created two college-scholarship programs — Hope Toledo, in his Ohio hometown, and Hope Chicago, which he co-founded with investment-management executive Ted Koenig and launched in September in the city where he ran several businesses. The goal:…
BRUSSELS (AP) — The European Union set the stage for a stepped-up crackdown on big tech companies with an agreement on landmark digital rules to rein in online “gatekeepers” such as Google and Facebook parent Meta. EU officials agreed late Thursday on wording for the bloc’s Digital Markets Act, part of a long-awaited overhaul of…
MADRID (AP) — Spain’s government and the country’s main trucking federations reached an agreement Friday on financial help for an industry hurt by high gas prices, but self-employed truckers said they would continue a 12-day strike. Russia’s war in Ukraine has helped drive gas prices higher in Europe, making it more expensive for truckers to…
BERLIN (AP) — German business confidence has dropped sharply as company managers’ outlook for the coming months darkens following the Russian invasion of Ukraine, a survey showed Friday. The Ifo institute said its monthly confidence index, a closely watched indicator in Europe’s biggest economy, fell to 90.8 points in March from 98.5 in February. It…
Major U.S. indexes closed mostly higher Friday, and several of them notched weekly gains, despite a recent run of daily swings on Wall Street as traders try to figure out what’s next for the economy. The S&P 500 index rose 0.5% after spending the day veering between a gain of 0.6% and a 0.4% decline….
NEW YORK (AP) — Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91. Johnson’s family confirmed Thursday that he died on Wednesday but did not give a cause of death. Born in Boston at the start of the Great Depression, Johnson joined…
DALLAS (AP) — Southwest Airlines will add a fourth fare category as part of changes designed to attract more business travelers and boost revenue. The new fare level will be priced higher than Southwest’s cheapest tickets but below the airline’s top two fare categories. Southwest executives think this will fill the large price gap between…
BRUSSELS (AP) — The European Union preserved a sense of rarely seen unity through four rounds of unprecedented sanctions against Russia over its invasion of Ukraine. But at a summit Thursday, the 27 leaders faced division on the biggest issue of all: energy. During the first month of war, EU nations imposed tough measures targeting…
