Month: April 2022

FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde has tweeted that she tested positive for COVID-19 and has mild symptoms but will continue working at home. She wrote Thursday on Twitter that she’s vaccinated, received a booster shot and her symptoms are “reasonably mild.” The 66-year-old said there’s no impact on the bank

ROME (AP) — A judge in Genoa has ordered all 59 defendants to stand trial for the 2018 deadly collapse of a heavily used highway bridge in that Italian port city. Forty-three people were killed when a large section of the Morandi Bridge broke off on Aug. 14, 2018, on the eve of one of

By BASSEM MROUE Associated Press BEIRUT (AP) — Lebanon and the International Monetary Fund have reached a tentative agreement on comprehensive economic policies that could eventually pave the way for unlocking billions of dollars in loans to the crisis-hit country. The agreement was announced by Prime Minister Najib Mikati after a meeting with IMF delegates

The Associated Press The top lawyer for the National Labor Relations Board is asking the board to rule that mandatory meetings held by some companies to persuade their workers to reject unions is a violation of federal labor law. NLRB General Counsel Jennifer Abruzzo said in a memo to the agency’s field offices Thursday that

FORT WORTH, Texas (AP) — American Airlines is hitting the road. The airline announced a deal Thursday with a bus company that will drive passengers to and from Philadelphia and two airports that are less than 75 miles away. American says it will help connect more travelers to its international flights in Philadelphia. The bus

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Shares of HP gained nearly 15% after Warren Buffett’s company snapped up 11.5% of the company that makes printers and computers over the past week in another uncharacteristic investment for the billionaire in a tech company. Buffett started the year telling his shareholders that he

By ERIC TUCKER Associated Press WASHINGTON (AP) — The Biden administration is moving to choke off U.S. exports to three Russian airlines as part of what officials described as an unprecedented enforcement action. The Commerce Department said the move would prevent the airlines — Russian national flag carrier Aeroflot, Utair and Azur Air — from

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week as the key 30-year loan rate hit its highest mark in more than three years. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan this week rose to 4.72% from 4.67%

NICOSIA, Cyprus (AP) — Cyprus is moving to ease COVID-19 restrictions as the key summer tourist season approaches, abolishing the outdoor facemask mandate and the obligation to show a recovery or inoculation certificate for work and shopping. Health Minister Michalis Hadjipantela said Thursday that outdoor mask wearing will no longer be compulsory as of Apr.

By MICHELLE CHAPMAN AP Business Writer ConAgra is cutting its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and the Chicago company said it expects full-year gross inflation to be approximately 16% compared with its previous

HELSINKI (AP) — Finland and Estonia say they are jointly planning to rent a floating liquefied natural gas, or LNG, terminal to ensure gas supply in the two countries in efforts to break energy dependence on neighboring Russia. Finnish Minister of Economic Affairs Mika Lintila and his Estonian counterpart Taavi Aas said in a statement

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Walmart workers who once unloaded trucks now have a chance to drive them. The nation’s largest retailer has launched a training program for employees who work in its distribution or fulfillment centers. They’ll get a chance to become certified Walmart truck drivers through a 12-week

By GRANT PECK Associated Press BANGKOK (AP) — Gunmen in Myanmar’s largest city have shot a deputy governor of the central bank less than a week after tough currency controls were ordered in the military-ruled nation. There were conflicting accounts of whether Than Than Swe, appointed to her post after the military seized power last

SOFIA, Bulgaria (AP) — European Commission President Ursula von der Leyen says Brussels has given the green light to Bulgaria’s European Union-funded recovery and sustainability plan. The Balkan country is among the last EU members to get formal approval from Brussels for its plan under the bloc’s €800 billion post-pandemic rescue fund, due to months

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — More than a million customers in Puerto Rico remain without electricity after a fire at a main power plant caused an island-wide blackout that forced the U.S. territory to cancel classes and shutter government offices in the biggest outage yet this year. Wednesday night’s