BRUSSELS (AP) — Disappointment has set in two years after the election of U.S. President Joe Biden was supposed to reset trans-Atlantic relations with the European Union. EU leaders are openly talking about fights, not only friendship. They say conflict with Washington is the last thing they want, with war raging on their doorstep in…
NEW YORK (AP) — Say goodbye to virtual wine tastings, and bust out the karaoke. Love them or hate them, company holiday parties are back — in a toned-down kind of way. After more than two years of working in pajama bottoms and clinking glasses over Zoom, many office workers seem to be yearning for…
LONDON (AP) — U.K. inflation has eased but is still stuck near a 40-year high, piling pressure on employers to boost wages as the nation faces a wave of strikes and the Bank of England to approve a ninth consecutive interest rate increase. While annual consumer price inflation dipped to 10.7% in November from 11.1%…
BANGKOK (AP) — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store following its latest increase. Oil prices fell while U.S. futures edged higher. Japan reported its trade deficit in November surged to over 2 trillion…
WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But it announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing. The Fed…
TOPEKA, Kan. (AP) — The company operating a pipeline that spilled about 14,000 bathtubs’ worth of oil into a Kansas creek during a test for potential problems is recovering at least a small portion of the crude. The U.S. Environmental Protection Agency said Tuesday that Canada-based TC Energy has recovered 2,598 barrels of oil mixed…
DETROIT (AP) — A large study by U.S. highway safety regulators found that more than half the people injured or killed in traffic crashes had one or more drugs, or alcohol, in their bloodstreams. Also, just over 54% of injured drivers had drugs or alcohol in their systems, with tetrahydrocannabinol (THC), an active ingredient in…
WASHINGTON (AP) — Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company’s new CEO, who testified before a House committee Tuesday FTX CEO John Ray III,…
NEW YORK (AP) — After reaching 40-year highs over the summer, price increases in the U.S. are now steadily easing. Consumer inflation slowed to 7.1% in November from a year earlier and to 0.1% from October, the government said Tuesday. Stripping out volatile food and energy prices, so-called core inflation rose 6% over the past…
Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form of skin cancer. The company said a possible melanoma vaccine it is studying with pharmaceutical giant Merck fared well in a small study of patients who had the cancer surgically removed. The drugmakers said a…
