Category Archives: Business
Turkish lira dips to new low after another interest rate cut
ANKARA, Turkey (AP) — Turkey’s Central Bank again cut a key interest rate Thursday despite soaring consumer prices that are making it difficult for people to buy food and other basic goods, sending the country's currency to record lows against
Serbia suspends lithium mine plans after protests
BELGRADE, Serbia (AP) — Local authorities in western Serbia on Thursday suspended a plan that would allow mining giant Rio Tinto to operate a lithium mine, following protests by environmentalists that shook the country’s populist leadership.
European Central Bank to taper pandemic stimulus, but gently
FRANKFURT, Germany (AP) — The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record hig...
EU leaders urge booster shots, seek coordinated travel rules
BRUSSELS (AP) — European Union leaders agreed Thursday that administering booster shots is “urgent" and “crucial" to tackle the surge of coronavirus infections across the continent and the emergence of the new omicron variant.
Norway’s central bank raises key policy interest rate
COPENHAGEN, Denmark (AP) — Norway’s central bank announced Thursday that it raised its key policy interest rate from 0.25% to 0.5%, citing the upswing in the economy that it said was likely to continue.
Hungarian fashion studio builds Roma cultural prestige
BUDAPEST, Hungary (AP) — A fashion studio in Hungary is challenging the centuries-old stereotypes faced by the country's Roma minority, and asserting a place at the table of high culture for the historically marginalized group.
Vaccine skeptics in Eastern Europe having change of heart
SARAJEVO, Bosnia-Herzegovina (AP) — Some former vaccine skeptics in Eastern Europe have shifted over to the other side as coronavirus infections surge, countries are making it more difficult for the unvaccinated to travel abroad and authorities battle ...
Why the Fed feels now is time to tighten credit more quickly
WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.
Texas pipeline company charged in California oil spill
LOS ANGELES (AP) — A Houston-based oil company and two subsidiaries were indicted Wednesday for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act
Amid drought, California advances big new reservoir project
SACRAMENTO, Calif. (AP) — Amid a severe drought, California regulators on Wednesday advanced what could be the state's first major new water storage project in years despite warnings it would hasten the extinction of an endangered salmon species while ...
