Category Archives: Economy

Spain passes landmark labor reform, unlocking EU billions

MADRID (AP) — The Spanish parliament ratified Thursday by a single, mistaken vote a landmark labor reform devised by the country’s Socialist-led coalition government, unlocking billions of euros (dollars) in European Union aid.

Congress takes up controversy over 5G service near airports

Lawmakers wondered aloud Thursday how a showdown between two federal agencies over the rollout of new high-speed wireless service reached crisis proportions last month, but they were short on answers to a dispute that raised concerns about interference...

Medicare opens up access to free at-home COVID-19 tests

WASHINGTON (AP) — The Biden administration, seeking to fill a frustrating gap in coverage for COVID-19 tests, Thursday announced that people with Medicare will be able to get free over-the-counter tests much more easily in the coming weeks.

A likely poor jobs figure for January could prove temporary

WASHINGTON (AP) — Last month, U.S. employers might have shed jobs for the first time in about a year, potentially raising alarms about the economy's trajectory.

Fed nominee Bloom Raskin pledges not to ‘direct loans’

WASHINGTON (AP) — Pushing back against critics, a key nominee to the Federal Reserve's Board of Governors said in testimony before a Senate panel that she would not make it more difficult for any industry to obtain bank loans.

EXPLAINER: A mediating role for Erdogan in Ukraine crisis?

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has again offered to mediate between Russia and Ukraine after talks with Ukraine’s President Volodymyr Zelenskyy in Kyiv on Thursday, as Turkey walks a tightrope balancing its relations with ...

UK faces record rise in energy prices, adding to bill stress

LONDON (AP) — Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already

Ukraine-Russia crisis: What to know about rising fear of war

THE HAGUE, Netherlands (AP) — The U.S. has obtained intelligence indicating that the Russian government has developed a plan to stage a fake Ukrainian attack to establish a pretext for military action, according to a senior Biden administration offici...

WHO: Europe entering ‘plausible endgame’ to COVID pandemic

COPENHAGEN (AP) — The director of the World Health Organization’s Europe office said Thursday the continent is now entering a “plausible endgame” to the pandemic and that the number of coronavirus deaths is starting to plateau.

Sweden joins others in announcing end of virus restrictions

STOCKHOLM (AP) — Sweden on Thursday joined other European nations in saying it will remove coronavirus restrictions. “It is time to open Sweden again,” said Prime Minister

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