Category Archives: Business
Biden signs bill hiking US borrowing limit by $2.5 trillion
WASHINGTON (AP) — President Joe Biden on Thursday signed a bill raising the nation's borrowing limit by $2.5 trillion, avoiding a potentially catastrophic default and resolving the turbulent issue until after the 2022 midterm elections.
Jittery Ukrainian villagers ‘fear that a big war will start’
NEVELSKE, Ukraine (AP) — Liudmyla Momot wipes away tears as she searches for clothes and household items to salvage from the ruins of her home that was shelled by Russia-backed separatists in eastern Ukraine.
UK raises interest rates as central banks focus on inflation
LONDON (AP) — The United Kingdom's central bank on Thursday became the first in a major advanced economy to raise interest rates since the coronavirus pandemic began, as banks controlling monetary policy around the globe shift their focus from stimulat...
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 ...
