Category Archives: Economy
New year, same feud: UK-EU resume talks on Brexit trade spat
LONDON (AP) — U.K. Foreign Secretary Liz Truss called for Britain and the European Union to rebuild their relationship, as she and bloc’s top Brexit official met Thursday for talks on a thorny dispute over Northern Ireland trade.
EU rejects merger of SKorean shipbuilders Daewoo, Hyundai
BRUSSELS (AP) — The European Union on Thursday rejected the merger between South Korean shipbuilders Hyundai and Daewoo, saying a union between two of the world’s biggest players in the industry would have given the combined company a global strangleho...
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...
