Category Archives: Business
Trump suit against Clinton part of longtime legal strategy
NEW YORK (AP) — When a Pulitzer Prize-winning architecture critic panned Donald Trump's plans for a new Manhattan skyscraper, Trump responded by suing. When the tenants of a building he was trying to clear sued to halt their evictions,
EXPLAINER: How would billionaire income tax work?
WASHINGTON (AP) — A “Billionaire Minimum Income Tax” is included in President Joe Biden’s fiscal year 2023 budget proposal — part of the administration’s effort to reduce the federal deficit over the next decade and fund new spending. The proposal
Iowa GOP: Benefit cuts needed to spur people to take jobs
DES MOINES, Iowa (AP) — Iowa is nearing passage of a dramatic reduction in unemployment benefits to try to force people to fill thousands of open jobs and reverse a trend in which the governor argues the state's “safety net
FDA skeptical of benefits from experimental ALS drug
WASHINGTON (AP) — Federal health regulators issued a negative review Monday of a closely watched experimental drug for the debilitating illness known as Lou Gehrig's disease, after months of lobbying by patient advocates urging approval.
Biden’s budget plan: Higher taxes on rich, lower deficits
WASHINGTON (AP) — President Joe Biden announced a budget blueprint Monday that calls for higher taxes on the wealthy, lower federal deficits, more money for police and greater funding for education, public health and housing.
EU wants to end golden passport schemes, targets Russians
BRUSSELS (AP) — The European Commission recommended Monday that EU nations end golden passport schemes that allow wealthy people to buy their way into the bloc's citizenship, and urged them to assess whether Russian oligarchs linked to the Kremlin or
Germany: G7 rejects Russia’s demand to pay for gas in rubles
BERLIN (AP) — The Group of Seven major economies agreed Monday to reject Moscow’s demand to pay for Russian natural gas exports in rubles. German energy minister
Spain prepares economic support plan amid energy price spike
MADRID (AP) — Spain's government is readying a package of emergency economic measures worth 6 billion euros ($6.6 billion) in direct aid and tax breaks and 10 billion euros ($11 billion) in loans for families and businesses affected by the
Live updates: UN chief wants Ukraine humanitarian cease-fire
The United Nations chief has launched an initiative to immediately explore possible arrangements for “a humanitarian cease-fire in Ukraine” in order to allow the delivery of desperately needed aid and pave the way for serious political negotiations to ...
Ukraine war threatens food supplies in fragile Arab world
BEIRUT (AP) — Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her
