DETROIT (AP) — The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving. The recommendation, if enacted by the National Highway Traffic Safety Administration, could reduce the number of alcohol-related crashes, one of the biggest causes…
NEW YORK (AP) — U.K. Prime Minister Liz Truss said Tuesday that she’s ready to make “unpopular decisions” such as boosting bonuses for wealthy bankers in order to get the country’s sluggish economy growing. Speaking before an emergency government budget statement on Friday, Truss said tax cuts were key to spurring economic growth, even though…
NEW YORK (AP) — The Global Fund to Fight AIDS, Tuberculosis and Malaria will get some high-powered help this week to reach its $18 billion goal to fund another three years to slow the spread of these diseases. President Joe Biden will host The Global Fund’s Seventh Replenishment Conference, the public health partnership’s fundraising campaign,…
BRUSSELS (AP) — Hungary needs time and is urging its European Union partners to be “tolerant,” the country’s justice minister said Tuesday, after the bloc’s executive branch recommended suspending billions of euros in funding over concerns about democratic backsliding and the possible mismanagement of EU money. Justice Minister Judit Varga said that Hungary has proposed…
BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia’s war in Ukraine provokes an energy crisis. The expansion of Uniper’s July rescue deal would feature a capital increase of 8 billion…
MILAN (AP) — Giambarini Group’s plants in northern Italy must keep zinc baths that rustproof steel and iron parts super-heated around the clock, seven days a week, an energy-intensive process that has grown exponentially more costly as natural gas prices spike. Methane to create molten zinc that forms a protective coating over high-rise support beams…
TOKYO (AP) — Asian shares mostly rose Tuesday, after Wall Street closed higher on a late buying spree following recent losses as investors await another interest rate increase by the U.S. Federal Reserve. Markets have been jittery over whether the Fed’s plan to cool the hottest U.S. inflation in four decades might be too aggressive…
CANBERRA, Australia (AP) — Australian iron ore miner Fortescue Metals Group announced on Tuesday a $6.2 billion plan to eliminate fossil fuels and carbon emissions from its operations by the end of the decade. The world’s fourth-largest iron ore producer expects to save $818 million a year from 2030 based on current prices of diesel,…
NEW YORK (AP) — Prime Minister Liz Truss has kicked off her first visit to the United States as Britain’s leader with an admission that a U.K-U.S. free trade deal is not going to happen for years. Truss said a trans-Atlantic deal is not one of her priorities — a sharp contrast with the stance…
TOKYO (AP) — Asian shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the U.S. Federal Reserve as it works to squash the highest inflation in decades. Japan’s benchmark Nikkei 225 dipped 1.4% in morning trading to 27,308.66. Australia’s S&P/ASX 200 dropped 1.4% to 6,712.40. South Korea’s Kospi…
