DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic.
WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they may have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which is near a four-decade high.
NEW YORK (AP) — Stock indexes on Wall Street rose in choppy trading Wednesday afternoon following the release of minutes from the Federal Reserve's most recent interest rate policy meeting.
DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but they’re dealing with a huge backlog of orders.
Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default.
The U.S. Treasury Department led by Janet Yellen allowed a license to expire Wednesday that permitted Russia to keep paying its debtholders through American banks.
WASHINGTON (AP) — The Congressional Budget Office released an economic outlook Wednesday saying that high inflation will persist into next year, likely causing the federal government to pay higher interest rates on its debt.
Twitter's regularly scheduled shareholder meeting Wednesday didn't include a vote on Tesla billionaire Elon Musk’s $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future.
BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion.
WASHINGTON (AP) — The president of the Federal Reserve Bank of Kansas City, Esther George, said Wednesday that she will retire in January, as required by the Fed's mandatory retirement rules.
George, who has typically supported higher interest rates to ward off inflation — a “hawk,” in Fed parlance — spent 40 years at the Kansas City Fed and became president nearly 11 years ago.
Amazon shareholders on Wednesday voted down a proposal calling for an independent audit of working conditions at the e-commerce behemoth's warehouses.
The proposal's defeat at the Seattle-based company's annual shareholder meeting came despite calls from activist groups and unions to improve labor conditions at the warehouses where customer orders are sorted, packaged and shipped.
ANKARA, Turkey — A senior Turkish official has insisted after talks with Swedish and Finnish officials that Turkey will not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara’s objections.
The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a California law that would provide more rest and meal breaks than airline crews are guaranteed under federal rules.
INDIANAPOLIS (AP) — The Indiana Fever fired coach Marianne Stanley on Wednesday with the team off to a 2-7 start in her third season and promoted assistant Carlos Knox to interim coach.
Stanley, 68, brought a Hall of Fame resume to the Fever bench, but her teams won just 14 games in a little more than two seasons.
INDIANAPOLIS (AP) — The Indianapolis 500 will be presented by Gainbridge for the next several years in a multi-year contract extension announced Wednesday with the online investment platform.
Gainbridge is an Indianapolis company that in 2019 became presenting sponsor of the most iconic motorsports race in the world.
KYIV, Ukraine (AP) — President Vladimir Putin issued an order Wednesday to fast track Russian citizenship for residents in parts of southern Ukraine largely held by his forces, while lawmakers in Moscow passed a bill to strengthen the stretched Russian army.
ISLAMABAD (AP) — Pakistani police have fired tear gas and scuffled with stone-throwing supporters of ousted Prime Minister Imran Khan ahead of planned marches Wednesday toward central Islamabad. The defiant former premier had called followers to rally outside Parliament to bring down the government and force early elections.
JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency on Wednesday proposed restrictions that would block plans for a copper and gold mine in Alaska's Bristol Bay region, the latest in a long-running dispute over efforts by developers to advance the mine in a region known for its salmon runs.
DES MOINES, Iowa (AP) — Iowa lawmakers ended their legislative session early Wednesday, about five weeks behind schedule because of a dispute over education spending.
The Senate and House adjourned just after midnight without reaching agreement on Gov.
PITTSBURGH (AP) — The Pittsburgh Steelers stayed in-house to find Kevin Colbert's replacement, promoting longtime executive Omar Khan to be the team's next general manager on Wednesday.
Khan signed a four-year deal to succeed Colbert, who is retiring at the end of the month following a hugely successful run that included two Super Bowl victories and an appearance in a third.
KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city.
UVALDE, Texas (AP) — A Facebook spokesman says messages posted by the gunman who killed 19 children and two teachers at a Texas elementary school were private.
Andy Stone says the messages “were private one-to-one text messages that were discovered after the terrible tragedy.” He says Facebook is cooperating with investigators.
WASHINGTON (AP) — The head of the Food and Drug Administration faced bipartisan fury from House lawmakers Wednesday over months of delays investigating problems at the nation's largest baby formula plant that prompted an ongoing shortage.
SEOUL, South Korea (AP) — North Korea test-launched a suspected intercontinental ballistic missile and two shorter-range weapons toward its eastern waters Wednesday, South Korea said, hours after President Joe Biden ended a trip to Asia where he reaffirmed the U.S.
It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores.
But when the celebrations die down, a daunting hurdle remains: To win the changes they seek — like better pay and more reliable schedules — unionized stores must sit down with Starbucks and negotiate a contract.
COLUMBUS, Ohio (AP) — In June 2021, Gov. Mike DeWine ended Ohio's participation in a federal pandemic unemployment aid program ahead of a government deadline for stopping the payments.
ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara's objections.
LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full responsibility” for the breaches, he insisted he would not resign.
NEW YORK (AP) — New York City’s planned ban on the sale of foie gras is being challenged in court by two upstate farms that claim it would leave them financially devastated.
The two major foie gras producers, Hudson Valley Foie Gras and La Belle Farm, said the law enacting the ban set to go into effect Nov.
The families of four people — including three teens — who died in a February plane crash off the North Carolina coast are suing the companies that owned the plane and employed the pilot, who also died.
Pfizer said Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries.
NEW YORK (AP) — Darren Walker, Ford Foundation president and preeminent connector and advocate for artists and art institutions, joined the exclusive company of global superstars like Stevie Wonder, T.S.
CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement just as closing arguments were set to begin in a seven-week trial over the opioid epidemic, Attorney General Patrick Morrisey said Wednesday.