Month: May 2022

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial

By FRANK JORDANS Associated Press BERLIN (AP) — Germany and India have signed a series of bilateral agreements that will see the South Asian nation receive 10 billion euros ($10.5 billion) in aid by 2030 to boost the use of clean energy. The accords were signed Monday during a visit to Berlin by India’s Prime

By KERSTIN SOPKE and FRANK JORDANS Associated Press BERLIN (AP) — Swimmers at Berlin’s outdoor pools need to brace themselves for chillier water this summer. The German capital’s public baths have said they are lowering water temperatures by 3.6 degrees Fahrenheit due to the war in Ukraine. The move is intended to save on sky-high

By MICHELLE CHAPMAN AP Business Writer MyPillow CEO Mike Lindell was banned from Twitter for a second time after attempting to use a new account to access the social media platform. Lindell set up a new account Sunday on Twitter under @MikeJLindell. The account was quickly suspended. Twitter said Monday that Lindell’s new account was

By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers Spirit Airlines’ board still supports Frontier Airlines’ $2.9 billion takeover bid for the airline, saying it determined JetBlue’s competing $3.6 billion offer isn’t a superior proposal. Spirit said Monday that it’s concerned regulators won’t approve a deal with JetBlue. Last month, Spirit said it believed JetBlue’s

By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — Food-delivery drivers protesting wage cuts and grueling working conditions have gone on an extremely rare strike in Dubai. The mass walkout started on Saturday, paralyzing one of the country’s main delivery apps and reviving concerns about labor conditions in the emirate. The strike ended

BEIJING (AP) — The COVID-19 outbreak that has shut down most of Shanghai appears to be waning, with the number of new cases falling below 10,000 a day over the weekend. Authorities have begun a limited easing of a citywide lockdown that has disrupted the lives of millions of residents and dealt at least a

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union says it believes Apple has abused its dominant position by limiting access to rivals to its mobile payment system Apple Pay. The EU’s executive arm has been investigating the technology company since 2020. The European C|ommission’s preliminary view is that Apple is restricting competition

By HALELUYA HADERO and ANNE D’INNOCENZIO AP Business Writers NEW YORK (AP) — Amazon workers at a warehouse on New York City’s Staten Island overwhelmingly rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the e-commerce giant’s history. This time around,

By KIMBERLY PALMER of NerdWallet February food prices were 7.9% higher compared with a year ago and are expected to increase 4.5% to 5.5% in 2022. As a result, it can feel harder than ever to keep grocery spending under control. But budgeting and cooking experts say there are strategies you can apply to save

By SCOTT McFETRIDGE Associated Press DUBUQUE, Iowa (AP) — Vera Rasnake laughed as she led a trio of barking, jostling dogs into the Iowa Greyhound Park, but her smile faded when she acknowledged that after 41 years of being around the sleek animals, her sport was teetering on extinction. After the end of a truncated

YEREVAN, Armenia (AP) — Police in Armenia’s capital have detained 180 anti-government demonstrators that were blocking streets to protest against the country’s prime minister. The demonstrators were detained Monday morning. Protests demanding that Prime Minister Nikol Pashinyan step down reignited in Armenia last month. Armenia and Azerbaijan have been locked in a decades-old conflict over

By ARITZ PARRA Associated Press MADRID (AP) — Spanish officials says the cellphones of the prime minister and the defense minister were infected last year with Pegasus spyware that is only available to government agencies, in an operation that was not authorised by the government. A government minister said Monday that Prime Minister Pedro Sánchez’s