Category Archives: Business
US Census Bureau: Big city losses early in COVID pandemic
Ko Im always thought she would live in New York forever. She knew every corner of Manhattan and had worked hard to build a community of friends. Living in a small apartment, she found her attitude shifting early in the
Sri Lanka’s prime minister tackles thorny finances, economy
COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister as this Indian Ocean island nation confronts its worst economic crisis in memory.
Administration opposes airlines in lawsuit over crew breaks
The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a California law that would provide more rest and meal breaks than airline crews are guaranteed under federal rules.
Twitter to pay $150M penalty over privacy of users’ data
WASHINGTON (AP) — Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span.
Governor signs bill legalizing recreational marijuana
PROVIDENCE, R.I. (AP) — Rhode Island's governor signed legislation Wednesday making the state the 19th in the nation to legalize and regulate recreational marijuana, an issue that some lawmakers have been working on for years.
Congressional Budget Office says inflation to last into 2023
WASHINGTON (AP) — The Congressional Budget Office released an economic outlook Wednesday saying high inflation will persist into next year, likely causing the federal government to pay higher interest rates on its debt.
Tentative $161.5M settlement reached in WVa opioid trial
CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement just as closing arguments were set to begin in a seven-week trial over the opioid epidem...
Davos updates | VW: Supply chain woes ease; orders backed up
DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders.
FDA chief struggles to explain slow response on baby formula
WASHINGTON (AP) — The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation's largest baby formula plant that prompted an ongoing shortage.
Live updates | Russia-Ukraine War
The Russian Defense Ministry is promising to open a safe corridor to allow foreign ships to leave Black Sea ports. A separate corridor will be open to allow ships to leave Mariupol by sailing from the port on the Sea