Category Archives: Economy
Norway’s central bank raises key policy interest rate
COPENHAGEN, Denmark (AP) — Norway’s central bank announced Thursday that it raised its key policy interest rate from 0.25% to 0.5%, citing the upswing in the economy that it said was likely to continue.
Hungarian fashion studio builds Roma cultural prestige
BUDAPEST, Hungary (AP) — A fashion studio in Hungary is challenging the centuries-old stereotypes faced by the country's Roma minority, and asserting a place at the table of high culture for the historically marginalized group.
Vaccine skeptics in Eastern Europe having change of heart
SARAJEVO, Bosnia-Herzegovina (AP) — Some former vaccine skeptics in Eastern Europe have shifted over to the other side as coronavirus infections surge, countries are making it more difficult for the unvaccinated to travel abroad and authorities battle ...
Why the Fed feels now is time to tighten credit more quickly
WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.
Texas pipeline company charged in California oil spill
LOS ANGELES (AP) — A Houston-based oil company and two subsidiaries were indicted Wednesday for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act
Amid drought, California advances big new reservoir project
SACRAMENTO, Calif. (AP) — Amid a severe drought, California regulators on Wednesday advanced what could be the state's first major new water storage project in years despite warnings it would hasten the extinction of an endangered salmon species while ...
NYC moves to stop new buildings from using natural gas
NEW YORK (AP) — New York City is poised to bar most new buildings from using natural gas within a few years, after lawmakers voted Wednesday to make the United States' most populous city a showcase for a climate-change-fighting policy
Public safety, dividends part of Dunleavy’s budget plan
JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy on Wednesday outlined what he called a responsible budget proposal that doesn’t dip into savings, bolsters law enforcement and calls for direct payments of about $3,700 to residents amid an unsettled disp...
Myanmar public urges gas sanctions to stop military funding
JAKARTA, Indonesia (AP) — The young woman in Myanmar decided to speak out when she realized that money from the company she loved was now in the hands of the military leaders she hated.
Evictions on the rise months after federal moratorium ends
BOSTON (AP) — Soon after losing his trucking job amid the pandemic, Freddie Davis got another blow: His landlord in Miami was almost doubling the rent on his Miami apartment.
