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AP National Business

Fed: Sharply higher rates may be needed to quell inflation

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their

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Dutch airline KLM sued over alleged ‘greenwashing’

AMSTERDAM (AP) — Several environmental groups have launched legal action against Dutch airline KLM over advertisements that promote flying as a sustainable form of travel. The Netherlands-based campaigners said they think the lawsuit is the first to challenge alleged “greenwashing” by the airline industry. The groups claim KLM violated European consumer law by misleading customers

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