BRUSSELS (AP) — New Italian Premier Giorgia Meloni is coming to Brussels on Thursday — and it’s not the ordinary kind of visit by the leader of a European Union founding nation seeking to renew unshakable bonds with the 27-nation bloc. For some, it brings the Trojan Horse of the far right into the walls…
LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely to trigger a “prolonged” recession. The central bank boosted its key rate by three-quarters of a percentage point,…
BANGKOK (AP) — Amnesty International is urging suppliers of aviation fuel to Myanmar to suspend such shipments to prevent the military from using them to conduct air attacks on civilian targets as the number of bombings has increased. In a report released Thursday, the London-based rights group documented diversion of aviation fuel that is supposed…
ANKARA, Turkey (AP) — Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country. Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the previous month, the Turkish Statistical Institute said….
BERLIN (AP) — Chancellor Olaf Scholz is making his first visit to China as German leader this week, a diplomatically delicate trip while Germany and the European Union work on their strategy toward an increasingly assertive and authoritarian Beijing. Scholz’s messages will face close scrutiny. While his nearly year-old government has signaled a departure from…
KYIV, Ukraine (AP) — Not long after Russian tanks rolled into Ukraine, soldiers broke down the office door of Melitopol Mayor Ivan Fedorov. They put a bag over his head, bundled him into a car and drove him around the southern city for hours, threatening to kill him. Fedorov, 34, is one of over 50…
TOKYO (AP) — Shares were mostly higher in Asia on Friday led by a 5.8% jump in Hong Kong’s Hang Seng index as Chinese markets were lifted by speculation that Beijing might begin to ease pandemic restrictions. Tokyo’s Nikkei fell, catching up after Japan’s markets were closed Thursday for a holiday. Investors are watching for…
DALLAS (AP) — U.S. airlines will have to pay more than they expected to reach new contracts with pilots, who are using the leverage of a pilot shortage and rising travel demand to seek significant wage increases. The Allied Pilots Association said Wednesday that its board voted 15-5 to reject an offer by American that…
The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The lawsuit, filed Wednesday in U.S. District Court in Washington, D.C., asks the court to block the payment until the attorneys general have…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections. Powell suggested that the Fed may decide in coming months to slow its aggressive interest rate increases. Yet he also…
