Month: October 2023

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. U.S. economic growth surged in the July-September

By KEN MORITSUGU Associated Press BEIJING (AP) — Singapore’s defense minister has urged China as a dominant power in Asia to take the lead in reducing tensions in the region, warning that a military conflict like the one in Ukraine or the Israel-Hamas war would be devastating for the continent and its future. Ng Eng

By JIM GOMEZ Associated Press MANILA, Philippines (AP) — A Philippine navy patrol ship has been shadowed by Chinese forces near a disputed shoal in the South China Sea. The incident that happened Monday near Scarborough Shoal sparked a fresh exchange of accusations and warnings between the Asian neighbors. Chinese and Philippine security officials gave

By JOHN LEICESTER Associated Press PARIS (AP) — Police have opened fire on a woman who allegedly made death threats and spoke in support of terrorism on a train into France’s capital. The shooting Tuesday is the latest security incident in the country that has been on heightened anti-terror alert since a fatal stabbing at

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — World shares were mixed on Tuesday and oil prices gained as investors awaited a decision by the U.S. Federal Reserve on interest rates due on Wednesday. European markets advanced while shares were mostly lower in Asia. U.S. futures were mixed. The Japanese yen weakened against the

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japanese police say they have surrounded a post office where a man with a gun is holed up and that the case may be linked to an earlier shooting at a hospital. Two people were wounded in the incident at the hospital in a city near Tokyo.

By EVELYNE MUSAMBI and EMMANUEL IGUNZA Associated Press NAIROBI, Kenya (AP) — King Charles III has arrived in Kenya for his first state visit to a Commonwealth country as monarch. He will acknowledge the “painful aspects” of the countries’ shared history while underscoring his commitment to an organization that’s been central to Britain’s global power

By RIAZ KHAN and ABDUL SATTAR Associated Press PESHAWAR, Pakistan (AP) — Afghans are piling into trucks and buses and leaving Pakistan to avoid arrest and deportation. Their hurried departures on Tuesday came just hours before the expiration of a deadline for foreigners living in the country illegally to leave voluntarily or face deportation. The

By The Associated Press Anheuser-Busch Inbev says that revenue growth in most of its global regions was offset by a drop in North American sales. It’s a sign of continuing fallout from a promotion with a transgender influencer that cost it sales. The world’s largest brewer and parent company of Bud Light said Tuesday that

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — A wildfire in eastern Australia is suspected to have killed a man, destroyed more than 50 homes and razed 49,000 acres of farm and scrubland. Firefighters have been battling the blaze that has scorched the Queensland state town of Tara for more than a week. Officials

By ZEN SOO AP Business Writer HONG KONG (AP) — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month. A figure below 50 indicates a