Skip to Content

News

Moody’s cuts China credit outlook to negative, cites slowing economic growth, property crisis

By ZEN SOO AP Business Writer HONG KONG (AP) — Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the change reflects risks from financing troubles of local and regional governments and state-owned enterprises. It

Continue Reading

Danish union to take action against Tesla in solidarity with Swedes demanding collective bargaining

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — The conflict against Tesla in Sweden is spreading to neighboring Denmark. Transport workers there say they will take industrial action in solidarity with workers in Sweden against the Texas-based automaker. Tesla is non-unionized globally, but the Swedish workers are demanding that the carmaker sign a collective bargaining

Continue Reading

Youth climate group urges Biden to declare a climate emergency ahead of 2024, as president struggles with young voters

By Ella Nilsen, CNN Washington (CNN) — Youth climate group Sunrise Movement is urging President Joe Biden to formally declare a climate emergency and unleash his executive powers to cut back on fossil fuel projects and dramatically accelerate US buildout of clean energy. The group – which has 7,000 members and 120 organizing hubs nationwide,

Continue Reading

Heavy rains leave at least 8 people dead as Michaung makes landfall on India’s southeastern coast

By OMER FAROOQ Associated Press HYDERABAD, India (AP) — A powerful storm began making landfall along India’s southeastern coastline on Tuesday, unleashing torrential rains and strong winds that killed at least eight people, officials said. Tropical Storm Michaung has started crossing the coastline of Andhra Pradesh state. An official is warning of a storm surge

Continue Reading

Senior EU official warns of huge security risk in Europe over Christmas as Israel-Hamas war rages

By LORNE COOK Associated Press BRUSSELS (AP) — Europe faces a “huge risk of terrorist attacks” over the Christmas holiday period due to the fallout from the war between Israel and the Palestinian militant group Hamas, the European Union’s home affairs commissioner warned Tuesday. The warning came as French investigators probe a fatal weekend attack

Continue Reading

Stock market today: Global shares mixed after Moody’s downgrade of Chinese credit rating

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were mixed Tuesday, with Chinese benchmarks falling after Moody’s Investor Service downgraded China’s sovereign debt rating, reflecting concern that the country’s property crisis is spilling into its local government and private financing. France’s CAC 40 added 0.2% in early trading to 7,348.10, while Germany’s

Continue Reading

Nikki Haley wants to reform Social Security and Medicare. Donors are paying attention

By Fredreka Schouten, CNN (CNN) — As she woos her party’s wealthy donors, former South Carolina Gov. Nikki Haley is promoting a policy that sets her apart from her closest competitors for the 2024 Republican presidential nomination: A willingness to stake out positions on the politically fraught issue of overhauling the nation’s entitlement programs. In

Continue Reading

French lawmakers approve bill to ban disposable e-cigarettes to protect youth drawn to their flavors

PARIS (AP) — France’s National Assembly has unanimously approved a bill to ban single-use, disposable electronic cigarettes, in an attempt to protect young people drawn to their flavors and mitigate the environmental impacts of the disposable products known as “puffs.” Lawmakers adopted the bill by 104 votes in favor, zero against. It will then move

Continue Reading