Category Archives: Economy
France to restrict travel from Britain to fight omicron
PARIS (AP) — France will sharply restrict travel to and from Britain because of fast-spreading cases of the omicron coronavirus variant, putting limits on reasons for traveling and requiring 48-hour isolation upon arrival, the government said Thursday...
Germany getting more vaccines for ‘offensive’ booster drive
BERLIN (AP) — Germany is scrambling to procure more vaccines to fuel what the new health minister on Thursday called a “very offensive" and fast booster strategy that would leave the country better prepared for the onslaught of the new
Desjardins settles 2019 data breach class-action lawsuit for up to nearly $201M
MONTREAL — Financial services firm Desjardins Group will pay up to nearly $201 million to settle a class-action lawsuit related to a data breach in 2019 that affected nearly 9.7 million Canadians. The agreement, which is subject to approval by the
Biden signs bill hiking US borrowing limit by $2.5 trillion
WASHINGTON (AP) — President Joe Biden on Thursday signed a bill raising the nation's borrowing limit by $2.5 trillion, avoiding a potentially catastrophic default and resolving the turbulent issue until after the 2022 midterm elections.
Jittery Ukrainian villagers ‘fear that a big war will start’
NEVELSKE, Ukraine (AP) — Liudmyla Momot wipes away tears as she searches for clothes and household items to salvage from the ruins of her home that was shelled by Russia-backed separatists in eastern Ukraine.
UK raises interest rates as central banks focus on inflation
LONDON (AP) — The United Kingdom's central bank on Thursday became the first in a major advanced economy to raise interest rates since the coronavirus pandemic began, as banks controlling monetary policy around the globe shift their focus from stimulat...
Turkish lira dips to new low after another interest rate cut
ANKARA, Turkey (AP) — Turkey’s Central Bank again cut a key interest rate Thursday despite soaring consumer prices that are making it difficult for people to buy food and other basic goods, sending the country's currency to record lows against
Serbia suspends lithium mine plans after protests
BELGRADE, Serbia (AP) — Local authorities in western Serbia on Thursday suspended a plan that would allow mining giant Rio Tinto to operate a lithium mine, following protests by environmentalists that shook the country’s populist leadership.
European Central Bank to taper pandemic stimulus, but gently
FRANKFURT, Germany (AP) — The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record hig...
EU leaders urge booster shots, seek coordinated travel rules
BRUSSELS (AP) — European Union leaders agreed Thursday that administering booster shots is “urgent" and “crucial" to tackle the surge of coronavirus infections across the continent and the emergence of the new omicron variant.
