Indian officials in Sri Lanka for talks on ailing economy
Senior Indian officials began talks today with Sri Lankan leaders on economic assistance, a day after Prime Minister Ranil Wickremesinghe announced the country’s economy had…
AP Wire
Airport chaos: European travel runs into pandemic cutbacks
LONDON — The airport lines are long, and lost luggage is piling up. It’s going to be a chaotic summer for travelers in Europe. Liz…
Darden Restaurants: Fiscal Q4 earnings snapshot
ORLANDO, Fla. — Darden Restaurants Inc. today reported fiscal fourth-quarter net income of $281.7 million. The company said it had net income of $2.24 per…
‘Groundhog Day’ at IRS: Returns pile up, phone delays worsen
WASHINGTON — It’s Groundhog Day at the IRS. After digging out of a daunting backlog from 2021, the agency has an even bigger backup for…
Powell: Fed will decide on rate hikes ‘meeting by meeting’
WASHINGTON — Federal Reserve Chair Jerome Powell today underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has…
Czech central bank raises key rate again to tackle inflation
PRAGUE — The Czech Republic’s central bank raised its key interest rate significantly today as it tried to combat soaring inflation. The hike of a…
UK inflation rate hits new 40-year high of 9.1%
LONDON — Britain’s inflation rate hit a new 40-year high of 9.1% in the 12 months to May, figures showed today, as Russia’s war in…
Biden to call for 3-month suspension of gas and diesel taxes
WASHINGTON — President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — a move meant…
Sri Lanka PM says economy ‘has collapsed,’ unable to buy oil
COLOMBO, Sri Lanka — Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity, its prime minister told lawmakers today,…
Home sales slow again as mortgage rates climb
Sales of previously occupied U.S. homes slowed for the fourth consecutive month in May as climbing mortgage rates and prices discouraged many would-be buyers. Existing…