Category Archives: Economy
EXPLAINER: How Europe is trying to deal with its gas crisis
FRANKFURT, Germany (AP) — Europe’s natural gas crisis isn't letting up. Reserves are low. Prices are high. Utility customers are facing expensive bills. Major Russian supplier Gazprom isn't selling gas like it used to.
‘One of a kind’: Former AP reporter Mike Cochran dies at 85
DALLAS (AP) — Mike Cochran, who during a nearly 40-year career with The Associated Press told the stories of Texas’ larger-than-life characters with his rich and detailed writing, and who ended up serving as a pallbearer for Lee Harvey Oswald
Brainard vows to help combat inflation as No. 2 Fed official
WASHINGTON (AP) — Lael Brainard pledged in written remarks Wednesday to help the Federal Reserve fight a spike in inflation while still supporting the economic recovery — a tricky balancing act she would face if confirmed as the Fed's No.
Biogen tumbles after Medicare lays out Aduhelm coverage plan
Shares of Biogen slid Wednesday, a day after federal regulators slapped coverage limitations on the drugmaker’s new Alzheimer’s disease treatment. The Centers for Medicare and Medicaid
Ex-Alaska official claims firing was politically motivated
ANCHORAGE, Alaska (AP) — The former head of the Alaska Permanent Fund Corp. claims her firing was “political retribution” by board members appointed by Gov. Mike Dunleavy.
US posted smallest monthly deficit in 2 years in December
WASHINGTON (AP) — The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended.
Democrats push rival bill sanctioning Russia over Ukraine
WASHINGTON (AP) — Senate Democrats proposed new sanctions against Russia on Wednesday if it invades Ukraine, looking to derail a Republican proposal that the White House fears could undermine unity with European allies.
As supply chain issues persist, Champagne set to meet with industry
OTTAWA — Canada’s industry minister is set to meet with companies desperate for solutions to ease the flow of goods over the border and across the country. François-Philippe Champagne agreed to the request that a consortium of manufacturers and exporte...
Government extends repayment deadline to emergency business account to 2023
OTTAWA — Businesses struggling under yet another round of lockdowns and capacity restrictions will have an extra year to repay emergency interest-free loans issued by the federal government, but business groups say that might not be enough breathing ro...
Pipeline spills 300,000 gallons of diesel near New Orleans
NEW ORLEANS (AP) — A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1.1 million liters) of diesel fuel just outside New Orleans after the operator delayed needed repairs, according to federal records.
