EXPLAINER: How sweeping EU rules would curb tech companies
LONDON (AP) — European Union lawmakers have approved proposed rules that would require online companies to ramp up efforts to keep harmful content off their platforms and take other steps to protect users.
OMAHA, Neb. (AP) — The economy in rural parts of 10 Plains and Western states remains strong, according to a new monthly survey of bankers in the region released Thursday, but those bankers said they have growing concerns about the rising costs associated with running farms.
President Joe Biden is paying a steep price for high inflation — a problem that festered during his first year in office instead of fading away as he suggested it would.
His $1.9 trillion coronavirus relief package, enacted in March, drove what will probably be the fastest economic growth since 1984 and pulled the unemployment rate down to 3.9% at a quicker pace than experts predicted.
Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending.
Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials and supply chain delays.
ANKARA, Turkey (AP) — Turkey’s central bank kept a key interest rate unchanged on Thursday, halting a string of rate cuts that triggered a currency crisis and sent consumer prices skyrocketing.
TOKYO (AP) — Japan’s exports and imports both reached record highs in December, largely because of surging oil prices and a weaker yen, the government said Thursday.
Japan’s imports last month surged 41% from the same month a year earlier.
LONDON (AP) — Consumer prices in the United Kingdom have risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes.
ANKARA, Turkey (AP) — Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates.
TOKYO (AP) — Asian shares fell in cautious trading on Wednesday after stocks on Wall Street sank to a new low for the year.
Tokyo, Shanghai, Seoul and Sydney were lower while Hong Kong edged higher.
BRUSSELS (AP) — Euro finance chiefs on Monday ventured into a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.
Finance ministers from the 19 nations that share the euro currency pledged continued budgetary stimulus for the European economy amid headwinds caused by the highly transmissible omicron variant.
LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market.
The supply-demand equation remains sharply lopsided heading into the spring home-buying season, which should give sellers the upper hand again.
WASHINGTON (AP) — By some counts, President Joe Biden can lay claim to a banner first year in office. But numbers also reveal plenty of setbacks.
Most in the United States got their COVID-19 vaccines, but other countries fared better.
NEW YORK (AP) — In just two weeks, the cost of pecans for the pies at Peggy Jean’s Pies in Columbia, Missouri, has surged nearly 40%, perplexing co-owner Rebecca Miller and adding to the cost of doing business.
BERLIN (AP) — A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate.
Djokovic entangles sponsors in Australian Open vax uproar
NEW YORK (AP) — A lot of people are angry at Novak Djokovic. And his sponsors may just wait it out. It’s unclear if the No. 1 seed can compete Monday in the Australian Open after Australian officials again revoked his visa over his lack of a COVID-19 vaccine.
WASHINGTON (AP) — President Joe Biden on Friday announced the nominations of three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.
NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their purchases from November to December.
WASHINGTON (AP) — He was supposed to break through the congressional logjam. End the pandemic. Get the economy back on track.
Days before he hits his one-year mark in office, a torrent of bad news is gnawing at the foundational rationale of President Joe Biden’s presidency: that he could get the job done.