FRANKFURT, Germany (AP) — The head of the European Central Bank said record inflation could linger for “longer than expected” and appeared to open the door at least a crack for an interest rate increase this year. Asked twice by journalists Thursday, Christine Lagarde declined to repeat previous comments that a rate hike was “very…
MOSCOW (AP) — Russian President Vladimir Putin is heading to Beijing amid the soaring tensions over Ukraine on a trip intended to help strengthen Moscow’s ties with China and coordinate their policies in the face of Western pressure. Putin’s talks with Chinese President Xi Jinping on Friday will mark their first in-person meeting since 2019,…
TOKYO (AP) — Nintendo’s profit for the nine months through December slipped 2.5%, as shortages of computer chips hurt production, the Japanese video game maker behind the Super Mario and Pokemon franchises said Thursday. Kyoto-based Nintendo Co. recorded a 367 billion yen ($3.2 billion) profit for the period, down from 377 billion yen the previous…
BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg expressed concern Thursday that Russia is continuing its military buildup around Ukraine, and that it has now deployed more troops and military equipment to Belarus that at any time in the past 30 years. More high-level diplomacy was expected in Moscow and Kyiv amid deep uncertainty about Russia’s…
LONDON (AP) — The Bank of England raised interest rates for the second time in three months on Thursday, putting the United Kingdom far ahead of the rest of Europe and the U.S. in moving to tame surging inflation that is squeezing consumers and businesses. The bank’s monetary policy committee voted 5-4 to boost its…
SAINT-SYMPHORIEN, Belgium (AP) — Scarred by losing tens of millions of lives on their soil in two world wars, many European Union nations have been wary ever since about military spending. Now, as Russian pressure builds at the Ukrainian border, they face a painful reality: Europe remains heavily reliant on U.S. might to deter another…
BANGKOK (AP) — Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street. Hong Kong jumped 2.6% after reopening from Lunar New Year holidays. Shanghai remained closed. Tokyo and Seoul advanced while Sydney was lower. Other regional markets…
DALLAS (AP) — Airline and tourism groups are pushing to eliminate the government requirement that international travelers provide a negative test for COVID-19 before boarding a U.S.-bound plane. They believe the testing rule is discouraging people from booking international trips. They point to the United Kingdom, which eliminated a similar rule last month. Airlines for…
LONDON (AP) — Northern Ireland’s agriculture minister on Wednesday ordered a halt to post-Brexit border checks at ports, another complication in a saga that has soured relations between the U.K. and the European Union. Edwin Poots said he had received legal advice saying he could halt inspections of agri-food products coming from the rest of…
NEW YORK (AP) — CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo. Zucker said he was asked about his relationship with longtime aide Allison Gollust as part of the Cuomo investigation, which…
