More than 1 million people have fled Ukraine, and at least 160,000 have been displaced inside the country as fighting continues between Russian and Ukrainian forces in Europe’s largest ground war since World War II. The United Nations issued an appeal this week for $1.7 billion to help with aid efforts, estimating that 12 million…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Thursday that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy. At the same time, Powell said he is committed to doing whatever it will take to slow inflation, underscoring the…
DETROIT (AP) — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, California. On Twitter Wednesday, Musk wrote that he invited the union to hold a vote at its convenience. “Tesla will do nothing to stop them,” he wrote. The UAW wouldn’t comment Thursday but…
Twitter is expanding Birdwatch, its crowd-sourced fact checking project it started as a small and little-publicized pilot program more than a year ago. The program lets regular people flag and notate misleading tweets. This is separate from Twitter’s news verification partnerships with The Associated Press and Reuters. Starting Thursday, a small, randomized group of U.S….
NEW YORK (AP) — Best Buy reported a shortfall in sales for the holiday quarter as the nation’s largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to the omicron variant. The chain, based in Minneapolis, also announced on Thursday…
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. Jobless claims fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor Department reported Thursday. The four-week average for claims, which compensates for weekly volatility, fell by…
FRANKFURT, Germany (AP) — Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia’s war in Ukraine sends prices to new highs. Natural gas prices hit a record Thursday for a second day in a row as restrictions on oil and gas…
ANKARA, Turkey (AP) — Turkey’s annual inflation rate further accelerated in February, official data showed Thursday, marking the biggest jump since 2002 and deepening the squeeze on households that are already struggling to purchase basic goods. The Turkish Statistical Institute said consumer prices rose 54.44% in February compared with a year ago. That is up…
GENEVA (AP) — The U.N. refugee agency said Thursday that 1 million people have now fled Ukraine since Russia’s invasion less than a week ago, an exodus without precedent in this century for its speed. The tally from the U.N. High Commissioner for Refugees amounts to more than 2% of Ukraine’s population — which the…
LONDON (AP) — Car factories idled, beer stopped flowing, furniture and fashion orders ceased, and energy companies fled oil and gas projects. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Mercedes-Benz and BP — to pull out of…
