World Bank offers dim outlook for the global economy in face of higher interest rates
The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic
2023-06-06 22:21
Bulgaria gets new government as former rivals enter uneasy alliance
Bulgaria’s parliament has formally approved the new government proposed by two main political rivals — the GERB party of ex-Premier Boyko Borissov, which won the April general election, and the runner-up, the pro-European liberal coalition “We Continue the Change — Democratic Bulgaria.”
2023-06-06 22:20
Stock market today: Wall Street stays steady, oil drops again
Stocks are drifting amid a vacuum of market-moving data
2023-06-06 22:15
Maria Sherman appointed AP's music writer, based in Los Angeles
Maria Sherman has been named The Associated Press’ music writer, a key position responsible for delivering news on a beat of global significance for the news cooperative
2023-06-06 21:56
World Bank lifts 2023 global growth forecasts, but cuts next year's outlook
By David Lawder WASHINGTON The World Bank on Tuesday raised its 2023 global growth forecast as the U.S.
2023-06-06 21:46
Spain asks EU for $90 billion in loans ahead of July election
MADRID Spain has asked the European Commission for 84 billion euros ($90 billion) in loans from the bloc's
2023-06-06 21:26
BOE Ends Active Corporate Bond Sales Program as QE Fades
The Bank of England has completed its planned sales of corporate bonds originally bought as part of a
2023-06-06 21:17
Debt ceiling package does little to address America's major fiscal problems
Although it's named the Fiscal Responsibility Act, the compromise debt ceiling package that President Joe Biden signed into law this past weekend doesn't do much to fix the nation's enormous financial challenges.
2023-06-06 20:45
Lagarde Says Inflation Is Strong, ECB to Hike Further
European Central Bank President Christine Lagarde said inflation pressures remain powerful and borrowing costs will be raised further
2023-06-06 20:27
Report says 2.3 billion people globally use polluting fuel to cook; 675 million have no electricity
A report by five international organizations says up to 2.3 billion people around the world are still using polluting fuels to cook, and 675 million don’t have electricity
2023-06-06 20:21
Dragons’ Den Star Weighs £1 Billion Sale of Vitamin Maker Vitabiotics
Vitabiotics Ltd., the UK vitamin company led by ex-Dragons’ Den investor Tej Lalvani, is in the early stages
2023-06-06 19:53
VW's China joint venture transforms Shanghai plant for EV production
SHANGHAI Volkswagen's Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,
2023-06-06 19:48