AUSTIN, Texas — Texas Governor Gregg Abbott, along with 21 republican governors are urging President Joe Biden to cancel his student loan relief plan. The governors penned a letter that say the program offers a bail out for a minority of Americans who they claim are largely “well off.” They argue that those with the
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By Anna Cooban, CNN Business The European Union wants to raise €140 billion ($140 billion) by tapping the windfall earnings of some energy companies to help households and businesses pay eye-watering gas and electricity bills. On Wednesday, the European Commission proposed skimming off excess revenue from renewable and nuclear electricity producers, and taxing the windfall
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CNN By Anna Cooban, CNN Business The European Union wants to raise €140 billion ($140 billion) by tapping the windfall earnings of some energy companies to help households and businesses pay eye-watering gas and electricity bills. On Wednesday, the European Commission proposed skimming off excess revenue from renewable and nuclear electricity producers, and taxing the
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Juan Pablo Elverdin Minneapolis (CNN Business) — Justo un día después de que el decepcionante informe del Índice de Precios al Consumidor de agosto provocara un colapso en Wall Street, otro informe sobre la inflación indicó que el aumento de los precios al por mayor está mostrando signos de mejora. El Índice de Precios al
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By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Biden administration will transfer $3.5 billion in frozen Afghan central bank funds to benefit the Afghan people as hunger grips every province there. In an announcement Wednesday, a year after the tumultuous U.S. withdrawal, the U.S. said the Taliban government will not have access to the
Continue Reading By Jordan Valinsky, CNN Business McDonald’s roughly 1,200 locations across the United Kingdom will close for most of the day Monday for Queen Elizabeth’s funeral. “All of our UK restaurants will be closed on Monday until 5 pm, to allow everyone at McDonald’s to pay their respects to Her Majesty Queen Elizabeth II,” the company
Continue Reading By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Hurricane Maria devastated Puerto Rico five years ago and highlighted the funding problems the Caribbean island has long faced. Philanthropists are warning that many of those issues have not been addressed, just like the repairs still needed for the American territory’s physical infrastructure. The Category
Continue Reading By BRUCE SCHREINER Associated Press Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy. The project will increase capacity by 50% at the Beam plant in Boston, Kentucky, while reducing greenhouse gas emissions
Continue Reading MASHA MACPHERSON and BARBARA SURK Associated Press PARIS (AP) — A French court has ordered a Yemeni airline to pay damages to the lone survivor of a 2009 airplane crash in the Indian Ocean and to the families of 65 French citizens who died. The aging Airbus A310 operated by Yemenia airways crashed about 15
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WASHINGTON, D.C. — Hundreds of people from across the country joined President Joe Biden as he celebrated the Inflation Reduction Act at the White House Tuesday. The expansive new law covers several major priorities for the President, including lowered prescription drug costs, reducing the federal deficit, addressing global warming and raising taxes for corporations. Biden
Continue Reading Opinion by Todd Greene, Ioana Marinescu, Jake Rosenfeld and Elisabeth Jacobs for CNN Business Perspectives Each day seems to bring new headlines of low-wage workers coming together to start a union. A historically tight labor market has given rise to a new era of worker power, although the conditions workers are protesting are far from
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By Yulia Kesaieva and Sana Noor Haq, CNN Ukrainian President Volodymyr Zelensky visited newly liberated Izium in the northeastern region of Kharkiv on Wednesday, five days after the country’s forces recaptured the city. Photographs on the Facebook page of an army unit showed Zelensky at a ceremony in the main square to raise the Ukrainian
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Justin Kamp The photographer, filmmaker and multi-disciplinary artist William Klein has died aged 96, according to the International Center of Photography, where a retrospective of his work is currently on show. In a statement, the ICP said he passed away on Saturday in Paris. No cause of death was given. Klein was best known for
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Good Morning! Temperatures will run below normal this afternoon with a 10% chance of isolated showers.
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By Kate Sullivan, Chris Isidore, Phil Mattingly and Maegan Vazquez, CNN Railroad and union officials are currently meeting with Labor Secretary Marty Walsh at the Labor Department in Washington, according to the White House, as the Biden administration tries to help avoid a freight rail strike that could cause massive supply chain disruptions and have
Continue Reading By Alicia Wallace, CNN Business Just one day after August’s disappointing Consumer Price Index report triggered a meltdown on Wall Street, a separate inflation report indicated that wholesale price increases are showing signs of improvement. The Producer Price Index, which tracks average changes in the prices paid to producers of goods and services, was up
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LONDON, U.K. — Today, the Queen’s coffin will travel in procession from Buckingham palace to Westminster hall for lying-in-state. ABC will have complete coverage beginning at 7:15 am local time. A service lasting about 20 minutes will then be led by the Archbishop of Canterbury. Queen Elizabeth II coffin arrived at Buckingham palace on Tuesday after being
Continue Reading BRUSSELS (AP) — European Union lawmakers have adopted new legislation aimed at guaranteeing “decent” minimum wages for all workers across the 27-nation bloc. Wednesday’s vote came as inflation and skyrocketing energy bills have left many households struggling to make ends meet. Under the law, member countries will have to guarantee “that their national minimum wages
Continue Reading By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully high level that suggests prices will keep spiking for months to come. The government also said that on a month-to-month basis, the producer price index
Continue Reading After last season’s shocking ending, the Emmy-winning series returns with consequences and new alliances. David Daniel talks with the show’s creator and cast.
Continue Reading Review by Brian Lowry, CNN “The Handmaid’s Tale” would appear to be returning at an auspicious time, as the overturning of Roe v. Wade has thrust Margaret Atwood’s dystopian vision into the spotlight. But the arc of this fifth season is ill-suited to the moment, more narrowly focused on the bond of hatred between June
Continue Reading By Tamara Hardingham-Gill, CNN The death of Queen Elizabeth II, the longest-reigning monarch in British history, has led to astonishing scenes in the UK. Over the past few days, the accession of King Charles III has taken place and the Queen’s coffin has traveled through the Scottish Highlands to Edinburgh, before being flown into London
Continue Reading By LORNE COOK Associated Press BRUSSELS (AP) — The European Union has unveiled plans to ban products made with forced labor from the 27-nation bloc’s markets. The European Commission proposed Wednesday’s move, saying it’s part of EU efforts to crack down on a modern-day form of slavery that affects more than 27 million people worldwide.
Continue Reading CNN By Eric Bradner, Gregory Krieg and Dan Merica, CNN New Hampshire state Senate President Chuck Morse conceded the Republican Senate primary Wednesday morning to Don Bolduc, a retired Army brigadier general and election denier who has embraced former President Donald Trump’s approach to politics — a letdown for the GOP establishment in the race
Continue Reading BERLIN (AP) — German energy supplier Uniper says it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount. That would be a jump from the roughly 30% stake that the state already has pledged to take in a rescue package this summer. Russia’s cuts to natural
Continue Reading By Forrest Brown, CNN Attention air and space fans traveling to DC: Your wait will soon be over. From historic early flight to futuristic planet exploration, the Smithsonian’s National Air and Space Museum on the National Mall in Washington will be opening up eight overhauled exhibitions on Friday, October 14. And if you want to
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BARCELONA (AP) — Dejan Bodiroga, a three-time EuroLeague champion during a stellar playing career, was announced Wednesday as the league’s new president and director. Also appointed Wednesday: Marshall Glickman, who will serve as the EuroLeague’s new CEO and is a past president of the NBA’s Portland Trail Blazers. They succeed the league’s founder, Jordi Bertomeu,
Continue Reading By Daniel Dale, CNN More than half of the Republican nominees for the 35 US Senate seats being contested in the 2022 midterms have challenged the legitimacy of the 2020 election — rejecting, raising doubts about or taking steps to overturn President Joe Biden’s victory. A CNN analysis found that at least 19 of this
Continue Reading By DAVID KLEPPER Associated Press TikTok may be the platform of choice for catchy videos, but anyone using it to learn about COVID-19, climate change or Russia’s invasion of Ukraine is likely to encounter misleading information, according to a research report published Wednesday. Researchers at NewsGuard searched for content about prominent news topics on TikTok
Continue Reading By Jordan Valinsky, CNN Business Fred Franzia, the man behind “Two Buck Chuck” and other value-priced wines that revolutionized the industry, has died. He was 79. Bronco Wine Company, the 49-year-old company he helped create with his brother and cousin, announced his death on Facebook, writing that it’s “truly saddened by the passing of its
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