UK’s recession ‘less bad’ than thought, Bank of England
LONDON — The Bank of England unveiled another big stimulus for the U.K. economy as it tries to limit the scale of the coronavirus recession,…
AP Wire
No agreement in sight as EU leaders meet for big money talks
BRUSSELS — With much discord still among European Union leaders, a video summit this week seems to have no hope of finding a compromise on…
European countries slam US withdrawal from tech tax talks
PARIS — European countries are slamming the Trump administration’s withdrawal from negotiations on a major digital services tax. French Finance Minister Bruno Le Maire, speaking…
Europe’s central bank hands out 1.3 trillion euros in loans
FRANKFURT, Germany — The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks as part…
US virus outbreaks stir clash over masks, personal freedom
PHOENIX — When the coronavirus flared in China this week, the country canceled flights, suspended reopenings and described the situation as “extremely grave.” But with…
Aunt Jemima brand retired by Quaker due to racial stereotype
NEW YORK (AP) — America’s painful struggles over racism have finally caught up with Aunt Jemima, that ubiquitous fixture served up at breakfast tables for…
Target permanently raises starting hourly pay to $15
NEW YORK — Target Corp. says it’s permanently increasing starting hourly wages for its workers to $15 beginning July 5, several months ahead of schedule….
Syria devalues currency amid chaos ahead of new US sanctions
DAMASCUS, Syria — Syria devalued its currency by 44% today, announcing a new official exchange rate for the pound amid chaos in the market, hours…
More stimulus expected as UK inflation drops to 4-year low
LONDON — Inflation in the U.K. fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the…
US home construction rebounds 4.3% in May
WASHINGTON — US home construction rebounded 4.3% in May after steep declines caused by shutdowns due to the coronavirus. The Commerce Department reported today that…