Month: November 2022

DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The president of the European Central Bank is warning the bank may have to raise interest rates beyond merely withdrawing stimulus and into territory that could restrain growth. In a speech at a banking forum in Frankfurt, Germany, Christine Lagarde said Friday that the ECB expects

By KELVIN CHAN AP Business Writer SHARM EL-SHEIKH, Egypt (AP) — At the U.N. climate summit in Egypt, leaders of developing nations have repeatedly said it’s not fair to expect them to cover the costs of rebuilding from devastating weather events in a warming world, plus invest in cleaner industry while they also pay much

By KRUTIKA PATHI and ELAINE KURTENBACH Associated Press BANGKOK (AP) — Asia-Pacific leaders meeting in Bangkok have denounced a North Korean missile test Friday in an emergency gathering convened by U.S. Vice President Kamala Harris. Harris and five other leaders met on the sidelines of the summit to discuss and condemn the test, part of

GENEVA (AP) — An imprisoned Russian opposition activist who was honored by a human rights advocacy group dedicated his award to the thousands of people who have been arrested or detained in Russia for protesting President Vladimir Putin’s war in Ukraine. UN Watch gave Vladimir Kara-Murza its highest human rights award. Kara-Murza’s wife accepted the

By FRANK JORDANS, SAMY MAGDY and KELVIN CHAN Associated Press SHARM EL-SHEIKH, Egypt (AP) — Global climate talks approached crunch time on Friday, the final scheduled day of negotiations that are expected to go past their deadline as chances of a deal still looked unclear. A new draft cover decision from the Egyptian presidency came

By GEIR MOULSON Associated Press BERLIN (AP) — Germany’s biggest industrial union has agreed with employers on a pay deal that will see millions of workers get raises totaling 8.5% over two years as well as one-time payments meant to cushion the effect of sky-high inflation. The IG Metall union and employers reached a compromise

By CORA LEWIS Associated Press NEW YORK (AP) — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts. That’s left millions of borrowers wondering what happens next. The administration has filed a notice to appeal. Experts say student loan forgiveness has the potential

By KRUTIKA PATHI Associated Press BANGKOK (AP) — U.S. Vice President Kamala Harris is assuring Asian leaders “the United States is here to stay” as she pitches Washington as a reliable economic partner committed to the region and its prosperity. Harris told leaders at the Asia Pacific Economic Cooperation summit on Friday that the U.S.