Month: May 2023

By BERNARD CONDON Associated Press A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. Here are the key takeaways: TOO MUCH

LONDON (AP) — Britain’s treasury has revealed that Queen Elizabeth II’s funeral and lying-in-state last year cost the UK government an estimated 162 million pounds ($201 million). The state funeral for the late monarch, held on Sept. 19, was the first in the U.K. since that of former Prime Minister Winston Churchill in 1965. The

WASHINGTON (AP) — The Supreme Court on Thursday sidestepped a case against Google that might have allowed more lawsuits against social media companies. The justices’ decision returns to a lower court the case of a family of an American college student who was killed in an Islamic State terrorist attack in Paris. The family wants

By BERNARD CONDON Associated Press A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most indebted to China — including

By ELAINE KURTENBACH AP Business Writer HIROSHIMA, Japan (AP) — Japan and Britain have struck what they are calling a historic accord on cooperation in defense, clean energy and semiconductors. The pact was announced as British Prime Minister Rishi Sunak and Japanese Prime Minister Fumio Kishida held talks ahead of the Group of Seven summit

By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stocks are drifting higher Thursday after more companies reported better profits than expected, while yields climb after a Federal Reserve official cautioned the end to its interest-rate hikes may not come as soon as Wall Street hoped. The S&P 500 was 0.4% higher in

By HERBERT MOYO Associated Press MASERU, Lesotho (AP) — Authorities in the small southern African kingdom of Lesotho have imposed an indefinite nighttime curfew nationwide in an attempt to curb violent crime. The move was prompted by the killing of a prominent journalist. The curfew, which will run from 10 p.m. to 4 a.m., was

By DANICA KIRKA, BRIAN MELLEY and SYLVIA HUI Associated Press LONDON (AP) — The latest chapter in the drama surrounding Prince Harry and Meghan’s treatment by the tabloid media was much ado about something. But exactly what happened Tuesday night in New York when the royals left a gala event and were followed by a

By WILL WEISSERT Associated Press WASHINGTON (AP) — President Joe Biden’s reelection campaign is vowing to hold the states that won him the White House in 2020 but also compete in places it lost like North Carolina and Florida, providing what it says are “a number of viable pathways” to victory. Campaign manager Julie Chavez

By HOLLY RAMER Associated Press CONCORD, N.H. (AP) — The national discussion around transgender students and what parents should be told about them is up for a vote in New Hampshire. House lawmakers meet Thursday on a bill similar to those enacted in other Republican-led states. It passed New Hampshire’s Senate along party lines but

By SPENCER TIERNEY of NerdWallet Your college bank account should have the right set of features for you and minimal fees. But banks that partner with universities can offer costly accounts, so be on the lookout for those. Consider what type of banking institution you prefer, whether that’s a big national bank, credit union or

By KELVIN CHAN AP Business Writer LONDON (AP) — U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence. BT has 130,000 workers including both staff and contractors. The company said in its latest earnings report Thursday that the

By STEFANIE DAZIO and HAVEN DALEY Associated Press SAN FRANCISCO (AP) — San Francisco is naming the nation’s first drag laureate to represent the city’s famous LGBTQ+ community at a time when rights are under attack. Mayor London Breed on Thursday will name drag performer and nightclub owner D’Arcy Drollinger to the job. Drollinger will

PITTSFORD, N.Y. (AP) — The PGA Championship is officially underway at Oak Hill. Shaun Micheel kicked off golf’s second major of the year with the opening tee shot following a frost delay of nearly two hours. The delay likely means the groups in the 156-player field teeing off later in the day may have trouble

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan’s main challenger has adopted a more nationalist and hard-line stance before a presidential runoff. Kemal Kilicdaroglu on Thursday vowed to send back millions of refugees if he is elected. He also rejected any possibility of negotiating for peace with Kurdish militants.