By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by
Continue Reading
By Peter Valdes-Dapena, CNN (CNN) — Porsche is set to unveil one of the biggest changes to its signature model. A hybrid Porsche 911, with its gas engine assisted by at least one battery-powered electric motor, will officially be revealed in an online event on May 28. The move is a major step in the
Continue ReadingBy Robert Shackelford, Elizabeth Wolfe and Mary Gilbert, CNN (CNN) — At least four people are dead after powerful storms tore through the waterlogged and storm-weary South. More storms in the coming days will raise the risk once again of flash flooding, damaging winds and hail over the hard-hit region. Powerful hurricane-force wind gusts and
Continue ReadingBy JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The long-haul carrier Emirates says it saw record profits of $4.7 billion in 2023 as the airline fully took flight after the turbulent years of the coronavirus pandemic disrupted its operations. Emirates, owned by Dubai’s government, announced on Monday revenues of $33 billion, compared
Continue ReadingVILNIUS, Lithuania (AP) — Lithuania’s incumbent president has won the most votes in a weekend presidential election but he still faces a runoff in two weeks against the country’s prime minister. The Central Electoral Commission’s results on Monday show that President Gitanas Nausėda won 44% of the votes and Prime Minister Ingrida Šimonytė won nearly
Continue ReadingMelissa Velásquez Loaiza (CNN) — Dos pasajeros y un piloto salieron ilesos de una avioneta que se vio obligada a aterrizar sin tren de aterrizaje tras un fallo mecánico en el aeropuerto de Newcastle, en Nueva Gales del Sur, Australia. El avión, un Beach B-200 Super King, estuvo dando vueltas durante horas quemando combustible antes
Continue ReadingBy SHEIKH SAALIQ Associated Press SAMASTIPUR, India (AP) — Millions of Indians across 96 constituencies began casting their ballots on Monday as the country’s gigantic, six-week-long election edges past its halfway mark. Prime Minister Narendra Modi is seeking a third straight term with an eye on winning a supermajority in Parliament. Monday’s polling in the
Continue ReadingBelén Liotti (CNN) — “Por favor, no disparen”, rogó Notan Eva Costa, una inmigrante bangladesí de 48 años que vive en Queens, a los dos agentes de Policía de la ciudad de Nueva York (NYPD) que entraron a su casa después de que su hijo adolescente llamara al 911. Tumbada en el suelo, la madre
Continue ReadingBy The Associated Press Protests over the Israel-Hamas war have spread across U.S. university and college campuses in recent weeks, leading to disruptions and arrests. Some demonstrations extended into weekend graduation celebrations, although they were muted in comparison to the encampments and rallies that have roiled campuses and resulted in nearly 2,900 arrests of students
Continue ReadingBy TOM KRISHER and KEN MORITSUGU Associated Press LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China. But it drives well and is put together with craftsmanship that rivals U.S.-made electric
Continue ReadingBy TOM KRISHER and KEN MORITSUGU Associated Press LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles
Continue Reading
By Helen Regan, CNN (CNN) — Two passengers and a pilot emerged unscathed from a small plane after it was forced to land without landing gear following a mechanical failure at Newcastle Airport in Australia’s New South Wales. The plane, a Beach B-200 Super King, circled the airport for hours burning fuel before making a
Continue Reading By Nectar Gan, CNN Hong Kong (CNN) — A Chinese citizen journalist who has been behind bars for four years over her reporting on the initial Covid-19 outbreak in Wuhan is due to be released Monday after serving her sentence, according to supporters and a court verdict. Zhang Zhan, a former lawyer, was one of the
Continue ReadingBy MORIAH BALINGIT Associated Press A tiny contingent of Duke University graduates opposed pro-Israel comedian Jerry Seinfeld speaking at their commencement in North Carolina Sunday, with about 30 of the 7,000 students leaving their seats and chanting “free Palestine” amid a mix of boos and cheers. Some waved the red, green, black and white Palestinian
Continue ReadingBelén Liotti (CNN) — Puede que Xi Jinping haya comenzado su reciente viaje a Europa respondiendo preguntas difíciles en Francia sobre el comercio y la guerra de Rusia en Ucrania, pero el líder chino finalizó su estancia a fines de la semana pasada proyectando un mensaje crudo: que a pesar de las fricciones con gran
Continue ReadingBy YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan’s benchmark Nikkei 225 lost early gains and was trading less than 0.1% higher at 38,194.38. Australia’s S&P/ASX 200 slipped 0.2% to 7,731.40. South
Continue ReadingBy FANNY BRODERSEN Associated Press EICHSFELD, Germany (AP) — When Erdina Laca goes grocery shopping in Eichsfeld these days, she pulls out a special payment card that’s for asylum-seekers only. She no longer pays in cash for her apples, eggs and fish — like most of the Germans standing in line with her at the
Continue ReadingBy JAMES BROOKS Associated Press COPENHAGEN, Denmark (AP) — The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded
Continue ReadingBy MICHAEL R. SISAK, JILL COLVIN, ERIC TUCKER and JAKE OFFENHARTZ Associated Press NEW YORK (AP) — Donald Trump was intimately involved with all aspects of a scheme to stifle stories about sex that threatened to torpedo his 2016 campaign, his former lawyer said Monday in matter-of-fact testimony that went to the heart of the
Continue ReadingBY JIM GOMEZ AND AARON FAVILA Associated Press SANTA ANA, Philippines (AP) — The far-flung coastal town of Santa Ana in the northeastern tip of the Philippine mainland has long been known by tourists mostly for its beaches, waterfalls, fireflies and a few casinos. But that’s changing after the laid-back town of about 35,000 people,
Continue Reading