China declares all cryptocurrency transactions illegal
BEIJING — China’s central bank today declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial…
AP Wire
Shortages cause ‘bottleneck recession’ for German industry
FRANKFURT, Germany — Shortages of computer chips and other raw materials are continuing to hit Germany’s manufacturers, as bottlenecks leave companies struggling to fill orders…
Chinese banks try to calm fears about developer’s debts
BEIJING — Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under…
U.S. jobless claims tick up from near a pandemic low
WASHINGTON — The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the delta…
One to charge them all: EU demands single plug for phones
LONDON — The European Union announced plans Thursday to require the smartphone industry to adopt a uniform charging cord for mobile devices, a push that…
GM invests $300 million in China’s self-driving car company Momenta
General Motors is investing $300 million in China’s self-driving car company Momenta. GM said today that the investment will speed up the development of next-generation…
EPA rule sharply limits HFCs, gases used as refrigerants
WASHINGTON — In what officials call a key step to combat climate change, the Environmental Protection Agency is sharply limiting domestic production and use of…
Target trims holiday hiring goals
NEW YORK (AP) — Target will hire fewer seasonal workers this year, instead offering more hours and flexibility to the employees it does have. About…
Bank of England keeps rates on hold, warns over inflation
LONDON — The Bank of England kept its main interest rate at the record low of 0.1% while warning today that inflation is set to…
US jobless claims tick up from near a pandemic low
WASHINGTON (AP) — The number of Americans applying for unemployment aid rose last week for a second straight week to 351,000, a sign that the…