By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant. The government’s estimate of growth
Continue ReadingBy MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant. The government’s estimate of growth
Continue ReadingBy Jackie Dunham, CTVNews.ca Writer Click here for updates on this story TORONTO, Ontario (CTV Network) — Even though more than 80 per cent of the eligible population has been vaccinated and many businesses and schools have reopened across the country, the anxiety many people have experienced during the pandemic doesn’t appear to be abating.
Continue ReadingBy Julia Horowitz, CNN Business A resilient stock market, fueled by central bank and government stimulus, is pushing a record number of companies to raise money by offering shares on public markets. That’s been a huge boon for the Wall Street banks orchestrating the deals. “I honestly thought last year would be the busiest in
Continue ReadingLJUBLJANA, Slovenia (AP) — Very heavy rainfall in Slovenia has caused floods in the capital Ljubljana, interrupting a theatre show and forcing hundreds of interventions by emergency crews. Firefighters said Thursday that the situation overnight was unprecedented because huge quantities of rain fell within a short period of time. Firefighters in Ljubljana say there have
Continue ReadingBy DUSAN STOJANOVIC Associated Press BELGRADE, Serbia (AP) — A European Union mediator says Serbia and Kosovo have reached an agreement to deescalate tensions on their mutual border that have been triggered by a dispute over vehicle license plates. EU mediator Miroslav Lajcak tweeted Thursday that “We have a deal!” He said it came after
Continue ReadingNEW YORK (AP) — The latest news about California Governor Gavin Newsom is less dramatic but more personal than the recall effort he easily defeated two weeks ago. He has written a children’s book. Philomel Books, an imprint of Penguin Young Readers, announced Thursday that Newsom’s “Ben and Emma’s Big Hit” is scheduled for Dec.
Continue ReadingAUSTIN, Texas (AP) — Authorities in Austin, Texas, say a man wearing an American flag bandanna threw a Molotov cocktail into the headquarters of the county Democratic Party. Authorities say the incendiary device did not ignite when it was thrown into the Travis County Democratic Party headquarters at about 2 a.m. Wednesday. A small stack
Continue ReadingBy ELAINE KURTENBACH AP Business Writer Shortages of power, computer chips and other parts, soaring shipping costs and shutdowns of factories to battle the pandemic are taking a toll on Asian economies. Data released Thursday showed Japan’s factory output slowed while China’s manufacturing outlook weakened. Japan’s Suzuki Motor Corp. became the latest automaker to idle
Continue ReadingBy ELAINE KURTENBACH AP Business Writer Shortages of power, computer chips and other parts, soaring shipping costs and shutdowns of factories to battle the pandemic are taking a toll on Asian economies. Data released Thursday showed Japan’s factory output slowed while China’s manufacturing outlook weakened. Japan’s Suzuki Motor Corp. became the latest automaker to idle
Continue ReadingBy SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkey’s president says his country will seek compensation for its removal from a U.S.-led stealth fighter jet program. Turkish President Recep Tayyip Erdogan says he hopes to bring up the topic during a possible meeting with U.S. President Joe Biden on the margins of Group of
Continue ReadingPRAGUE (AP) — The Czech military has signed a deal worth 8.52 billion Czech crowns ($390 million) to acquire 52 CAESAR self-propelled gun howitzers from France’s Nexter Systems. The contract was signed on Thursday during a visit by French Defense Minister Florence Parly to Prague. The new weapons will replace obsolete DANA systems that don’t
Continue ReadingBy CARLA K. JOHNSON and HANNAH FINGERHUT Associated Press A survey of Americans on President Joe Biden’s plan to require most workers to get either vaccinated or regularly tested for COVID-19 finds a deep and familiar divide: Democrats are overwhelmingly for it, while most Republicans are against it. With the highly contagious delta variant driving
Continue ReadingBy CARLA K. JOHNSON and HANNAH FINGERHUT Associated Press A survey of Americans on President Joe Biden’s plan to require most workers to get either vaccinated or regularly tested for COVID-19 finds a deep and familiar divide: Democrats are overwhelmingly for it, while most Republicans are against it. With the highly contagious delta variant driving
Continue ReadingKENNEWICK, Wash. (AP) — A former sheriff’s supervisor who left the Benton County Sheriff’s Office over “horrible working conditions” is the new sheriff. The Tri-City Herald reports Tom Croskrey was in charge temporarily of the agency in 2019 when then-Sheriff Jerry Hatcher took a leave of absence because of domestic violence and witness tampering allegations.
Continue ReadingBy Charles Riley, CNN Business A fuel crisis that threatened to stop the world’s fifth largest economy in its tracks appears to be easing. For nearly a week, British motorists have found service stations closed and long lines at those that still had gasoline and diesel. The shortages provoked an angry response from some members
Continue ReadingBy TOM MURPHY AP Health Writer Merck will spend about $11.5 billion to buy Acceleron Pharma and its potential treatment for high blood pressure in vessels that connect the lungs and heart. The drugmaker said Thursday that it will pay $180 per share in cash for Acceleron in a deal expected to close in the
Continue ReadingSTOCKHOLM (AP) — Swedish police say they are seeking a man in connection with an explosion and fire at a large apartment building that injured 16 people. Four of them were in serious condition. Police said Thursday the man is wanted on suspicion of public destruction but hasn’t been located yet. Authorities didn’t name him.
Continue ReadingBy MARI YAMAGUCHI Associated Press TOKYO (AP) — The two women in the Japanese governing party’s four-way leadership race was a step forward for gender equality. But their defeat was no surprise. The winner in Wednesday’s race, as expected, was former Foreign Minister Fumio Kishida, a veteran considered part of the ruling establishment. Women are
Continue ReadingBy Nicquel Terry Ellis, CNN Bridgett Floyd said she could barely find the words to describe her disappointment in lawmakers for failing to pass sweeping police reform legislation that bears her brother George Floyd’s name. “I’m past upset, I’m past angry,” she told CNN this week. The Floyd family, she said, waited more than a
Continue Reading