NEW YORK (AP) — Soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 for last year, the state comptroller reported Wednesday. The average securities industry bonus was 20% higher than 2020 and came out of a bonus pool that grew…
DENVER (AP) — The Outdoor Retailer trade show is moving back to Salt Lake City from Denver next year despite threats from an environmental group and big-name recreation companies of a boycott, the event’s organizer announced Wednesday. Critics of holding the event in Utah say the state’s politicians oppose efforts to protect national monuments and…
DETROIT (AP) — A joint venture between Stellantis and South Korea’s LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people just across a river from Detroit. The venture plans to spend $4.1 billion ($5 billion Canadian) to build the new plant on a field in…
BRUSSELS (AP) — The European Union is looking to the United States to help reduce its reliance on Russian energy and will be discussing major shipments of liquefied natural gas over the next two years during a meeting with President Joe Biden on Thursday. EU Commission President Ursula von der Leyen told EU lawmakers Wednesday…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. Powell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central bankers, also said…
BRUSSELS (AP) — The European Union’s executive arm on Wednesday proposed an aid package of 500 million euros ($549 million) to help food producers in the 27-nation bloc weather the economic impact of the war in Ukraine. With Russia and Ukraine providing about 30% of the world’s wheat, the conflict between the neighboring nations has…
MADRID (AP) — Across Europe, governments are slashing fuel taxes and doling out tens of billions to help consumers, truckers, farmers and others cope with spiking energy prices made worse by Russia’s invasion of Ukraine. But it’s not enough for some whose livelihoods hinge on fuel. Miguel Ángel Rodriguez was one of 200 concrete truck…
LONDON (AP) — Britain’s Treasury chief on Wednesday announced a package of tax cuts and support payments that fell far short of what consumer advocates had demanded to shield working families from the soaring cost of living, triggering criticism that he doesn’t understand the scale of the crisis. Rishi Sunak cut fuel taxes by 5…
GUISSONA, Spain (AP) — As Ukrainian refugees fleeing bombs and bullets at home fan out across Western Europe, few places they arrive feel as welcoming as a Spanish town known for years as “Little Ukraine.” Even before Russian tanks rolled into Ukraine last month, one in seven residents of Guissona was originally from there. Guissona’s…
BRUSSELS (AP) — Even before Air Force One touches down in Brussels to bring President Joe Biden to three Ukraine summits on Thursday, Western allies have already found what they are looking for — that all too rare sense of unity. They have Russian President Vladimir Putin to thank for that. After Russia’s invasion of…
