The European Central Bank raises rates for the first time in 11 years
By Julia Horowitz, CNN Business In a bold attempt to get inflation under control, the European Central Bank on Thursday announced it would hike its…
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Europe’s economy surprisingly grew last quarter, easing recession fears (for now)
CNN By Anna Cooban and Julia Horowitz, CNN Business Europe’s economy grew unexpectedly in the second quarter of this year, allaying concerns…
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Ford touts ample supply deals to hit electric vehicle goals
DETROIT (AP) — Ford says it has contracts to deliver enough batteries to produce electric vehicles at a rate of 600,000 globally per year by late…
Continue Reading Philadelphia 76ers look to build new $1.3 billion arena
PHILADELPHIA (AP) — The Philadelphia 76ers are taking the first steps toward building a privately-funded sports and entertainment arena. The…
Continue Reading Baidu gets permits for first fully driverless taxi service in China
CNN, CNN BUSINESS By Catherine Thorbecke, CNN Business Tech giant Baidu announced Monday that it has obtained permits to operate fully autonomous…
Continue Reading Here’s what it looks like to ride a Chinese robotaxi with no steering wheel
By Michelle Toh, CNN Business Baidu has unveiled plans for an electric self-driving car with a removable steering wheel, marking another step forward…
Continue Reading American Airlines earns $476 million on record revenue in 2Q
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — American Airlines earned $476 million in the second quarter on record revenue from summer…
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Have you recently shifted from part-time to full-time work?
Workers aren’t settling for part-time work nearly as often as they used to. The number of workers employed in part-time jobs because they…
Continue Reading Workers aren’t having to settle for part-time work any more
By Chris Isidore, CNN Business Part-time work has become a lot less popular, both with job seekers and employers. The number of workers who are…
Continue Reading Europe’s historic inflation fight begins now
By Julia Horowitz, CNN Business The European Central Bank is about to raise interest rates for the first time in 11 years as it attempts to put a lid…
Continue Reading WHO again considers declaring monkeypox a global emergency
By MARIA CHENG AP Medical Writer LONDON (AP) — As the World Health Organization’s emergency committee convened Thursday to consider for the…
Continue Reading Michelle Obama’s book ‘The Light We Carry’ coming this fall
By HILLEL ITALIE AP National Writer NEW YORK (AP) — Michelle Obama will have a book out this fall, “The Light We Carry,” in which she reflects…
Continue Reading Europe’s central bank backs larger-than-expected rate hike
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has raised interest rates for the first time in 11 years by…
Continue Reading Europe’s wildfire threat eases but blaze grows in Slovenia
MADRID (AP) — Europe’s spate of fierce wildfires is abating somewhat amid cooler temperatures but a fire in Slovenia on the border with Italy has…
Continue Reading Rents hit another record high. But it’s still a better deal than buying in most US cities
By Anna Bahney, CNN Business Rents hit another record high in June, putting more pressure on renters. But with the costs associated with buying a…
Continue Reading EU imposes more sanctions on Moscow over Ukraine invasion
By RAF CASERT Associated Press BRUSSELS (AP) — The European Union has imposed more sanctions on Russia over the war in Ukraine. The bloc’s 27…
Continue Reading Myanmar’s economy fragile as fighting, inflation hit poor
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Reports by the World Bank and other experts say army-ruled Myanmar’s economy remains…
Continue Reading 2 contenders battle for Conservative votes in UK leader race
By JILL LAWLESS Associated Press LONDON (AP) — The two candidates to become Britain’s next prime minister have begun a head-to-head battle for…
Continue Reading Russian and European astronauts conduct rare joint spacewalk
By Jackie Wattles, CNN Business Two astronauts — one European and one Russian — exited the airlock on the International Space Station for a…
Continue Reading Nokia 2Q profit beats expectations on strong 5G demand
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia has reported second-quarter profit above analyst expectations on strong demand for…
Continue Reading China’s Didi Global fined $1.2 billion for data violations
By ZEN SOO Associated Press HONG KONG (AP) — China’s internet watchdog has fined ride-hailing firm Didi Global more than 8 billion yuan ($1.2…
Continue Reading China fines Didi $1.2 billion for violating cybersecurity and data laws
By Yong Xiong, Larry Register and Laura He, CNN Business China’s cyberspace regulator fined Didi Global just over 8 billion yuan ($1.2 billion)…
Continue Reading Italy heads to early election after Draghi’s coalition fails
By NICOLE WINFIELD and FRANCES D’EMILIO Associated Press ROME (AP) — Italy is headed for an early election after its president accepted…
Continue Reading HIMARS and howitzers: West helps Ukraine with key weaponry
By The Associated Press The message to U.S. lawmakers from Ukraine’s first lady, delivered amid stark and graphic images of civilian bloodshed,…
Continue Reading Asian shares mostly higher after further gains on Wall St
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Asian shares were mostly higher on Friday after another day of gains on Wall Street amid a…
Continue Reading Japan trade deficit grows as oil prices surge, yen drops
YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japan has reported its trade deficit for the first half of this year totaled nearly 8 trillion yen,…
Continue Reading Germany bails out its biggest natural gas importer
CNN By Anna Cooban, CNN Business The German government has stepped in to bail out one of its biggest energy companies — the latest casualty of…
Continue Reading Russian gas is flowing to Europe again over the crucial Nord Stream 1 pipeline
By Irene Nasser and Yong Xiong, CNN Business Gazprom has resumed gas shipments through the Nord Stream 1 pipeline, a vital artery linking…
Continue Reading New Sri Lankan president sworn in, police clear protest site
By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Veteran politician Ranil Wickremesinghe has been sworn in as Sri Lanka’s new…
Continue Reading Key Russia-Europe gas pipeline reopens but outlook unclear
By GEIR MOULSON Associated Press BERLIN (AP) — Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a…
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