Category Archives: Business
Europe’s stimulus likely to keep running as economies reopen
FRANKFURT, Germany (AP) — The European Central Bank is expected to leave its stimulus efforts running at full steam Thursday — even as the economy shows signs of recovery thanks to the easing of pandemic restrictions.
EU court annuls approval of aid for German airline Condor
BERLIN (AP) — A top European Union court on Wednesday annulled the EU's approval of 550 million euros ($670 million) in state aid for German airline Condor, backing a challenge by budget carrier Ryanair but suspending the application of the
Soviet-made jet crashes; Bulgarian air force pilot missing
SOFIA, Bulgaria (AP) — A Soviet-built MiG-29 fighter jet from Bulgaria's air force crashed into the Black Sea during a military exercise and the pilot is missing, the Bulgarian Defense Ministry said Wednesday.
EU warns of retaliation as post-Brexit talks with U.K. stall
LONDON (AP) — A top European Union official said Wednesday that Britain could face retaliatory tariffs or other sanctions after talks failed to resolve an increasingly heated dispute over implementation of their post-Brexit trade deal in Northern Irela...
China denounces US bill aimed at boosting competitiveness
BEIJING (AP) — Beijing has denounced a U.S. bill aimed at boosting U.S. technology to improve American competitiveness, calling it a thinly veiled attack on China’s political system and an attempt to hinder its development.
EU lawmakers OK virus pass, boosting summer travel hopes
BRUSSELS (AP) — European Union lawmakers on Wednesday endorsed a new travel certificate that will allow people to move between European countries without having to quarantine or undergo extra coronavirus tests, paving the way for the pass to start in
Banned Pakistani TV host apologizes over speech against army
ISLAMABAD (AP) — A prominent Pakistani journalist who was banned and taken off air by his TV station after he criticized the country’s military last month at a protest against growing attacks on journalists has offered an apology, saying he
Bank of Canada holds key interest rate steady, maintains optimism for rest of year
OTTAWA — The Bank of Canada has left its economic aid package untouched, brushing off shortfalls in growth figures so far this year and seeing a more solid foundation for a strong rebound in the coming months. First-quarter growth figures for
Australia says WTO should punish Chinese economic coercion
CANBERRA, Australia (AP) — The World Trade Organization should penalize “bad behavior when it occurs,” Australia's prime minister said Wednesday ahead of a Group of Seven leaders’ meeting in Britain where he hopes to garner support in a trade dispute
Mongolian ruling party seen winning presidency amid pandemic
ULAANBAATAR, Mongolia (AP) — Preliminary results in Mongolia’s presidential election show the chairman of the ruling Mongolian People’s Party and former prime minister Ukhnaa Khurelsukh winning by a large margin.
