Category Archives: Economy
Dutch government eases lockdown despite soaring infections
THE HAGUE, Netherlands (AP) — Prime Minister Mark Rutte further eased the Netherlands' coronavirus lockdown, allowing bars, restaurants, museums, theaters and other venues to reopen from Wednesday for the first time this year.
US warns that chip shortage could shut down factories
WASHINGTON (AP) — The U.S. supply of computer chips has fallen to alarmingly low levels, raising the prospect of factory shutdowns, the Commerce Department reported Tuesday. Companies
FTC sues to block Lockheed’s purchase of supplier Aerojet
WASHINGTON (AP) — Federal regulators are suing to block Lockheed Martin Corp.'s $4.4 billion bid for Aerojet Rocketdyne Holdings, saying it would limit competition and drive up prices for components used in missiles that Lockheed and other defense cont...
Coal-dependent WVa moves toward ending nuclear plant ban
CHARLESTON, W.Va. (AP) — Signaling an eagerness to diversify its energy offerings, coal-dependent West Virginia would eliminate a ban on nuclear power plants under a bill that passed the state Senate on Tuesday.
Atlantic premiers meet to discuss clean energy loop, COVID-19 management
HALIFAX — Nova Scotia Premier Tim Houston says he and his Atlantic counterparts heard encouraging statements from Ottawa on Tuesday about the importance of the proposed Atlantic Loop clean energy project, but no firm financial commitment. The estimate...
EU seeks to streamline cross-border travel during pandemic
BRUSSELS (AP) — The European Union is seeking to streamline the sometimes chaotic travel between its member states during the pandemic by relying more clearly on a person's vaccine or infection status rather than where a traveler came from.
MSC Group, Lufthansa partner in bid for Italy’s ITA Airways
MILAN (AP) — The parent group of MSC Cruises is partnering with Lufthansa in a bid for a majority stake in Italy’s ITA Airways, the company created from the ashes of former Italian flagship airline Alitalia.
GoFundMe withholding $4.7 million from trucker convoy until plan presented
GoFundMe has frozen access to the more than $4.7 million in funds raised by the trucker convoy now wending its way across the country toward Ottawa in a protest against vaccine mandates. "We require that fundraisers be transparent about the flow
GM to spend nearly $7B on EV, battery plants in Michigan
LANSING, Mich. (AP) — General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a
EXPLAINER: What post-unrest reforms is Kazakhstan proposing?
MOSCOW (AP) — Kazakhstan's leader has trumpeted ambitious economic reforms following the worst unrest in the country of 19 million in three decades. The measures are aimed at reducing the state’s deep involvement in the economy, bridging the gap betwee...
