Category Archives: Business
Fed nominee Michael Barr calls inflation ‘far too high’
WASHINGTON (AP) — President Joe Biden's pick to be the Federal Reserve's top banking regulator pledged Thursday to help reduce high inflation and provide “clear rules” to govern financial innovation.
Biden forest plan stirs dispute over what counts as “old”
BILLINGS, Mont. (AP) — President Joe Biden's order to protect the nation’s oldest forests against climate change, wildfires and other problems devastating vast woodlands is raising a simple yet vexing question: When does a forest grow old?
House passes bill to crack down on gasoline ‘price gouging’
WASHINGTON (AP) — A closely divided House approved legislation Thursday to crack down on alleged price gouging by oil companies and other energy producers as prices at the pump continue to soar.
Finland brewery launches NATO beer with ‘taste of security’
HELSINKI (AP) — A small brewery in Finland has launched a NATO-themed beer to mark the Nordic country’s bid to join the Western military alliance. Olaf Brewing's
Pro-Russian hackers spread hoaxes to divide Ukraine, allies
As Ukrainians flooded into Poland earlier this year to flee Russian invaders, a hacking group aligned with the Kremlin sought to spread rumors that criminal gangs were waiting to harvest the organs of child refugees.
FDA head: Baby formula factory could reopen by next week
WASHINGTON (AP) — The head of the Food and Drug Administration told lawmakers Thursday that a shuttered baby formula factory could be up and running as soon as next week, though he sidestepped questions about whether his agency should have
Sri Lanka limits foreign currency holdings amid crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, the central bank announced Thursday, as
Inflation, Russia-Ukraine war draw G7 finance leaders’ focus
KOENIGSWINTER, Germany (AP) — Finance ministers for the Group of Seven leading economies grappled Thursday with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U.S. Treasury Secretary Janet Yellen promising that ...
Live updates |Congress approves $40B aid package to Ukraine
KYIV, Ukraine — Ukrainian President Volodymyr Zelenskyy thanked the United States for the $40 billion aid package, which got final congressional approval on Thursday. “This is
Ukrainian troops surrendering at Mariupol registered as POWs
KYIV, Ukraine (AP) — The fate of hundreds of Ukrainian fighters who surrendered after holding out against punishing attacks on Mariupol’s steel factory hung in the balance Thursday, amid international fears that the Russians may take reprisals against ...