Washington (AFP) – The US economy contracted for a second straight quarter between April and June, government data showed Thursday, adding fuel to recession fears in a headache for President Joe Biden ahead of midterm elections. Gross domestic product …
Deadly Russian strikes target military bases in central Ukraine
Kyiv (Ukraine) (AFP) – Russian strikes on military facilities and residential buildings across war-scarred Ukraine Thursday left several dead in attacks President Volodymyr Zelensky described as “missile terrorism”. The deadliest attacks, which struck …
Biden hails Democrats’ breakthrough on health, climate spending bill
Washington (AFP) – President Joe Biden hailed a breakthrough Wednesday in getting a major chunk of his seemingly doomed healthcare and climate crisis agenda through Congress after Senate Democrats overcame divisions. “This is the action the American pe…
US stocks rally, dollar retreats as Fed hikes interest rates again
New York (AFP) – Wall Street stocks rallied and the dollar retreated Wednesday as the Federal Reserve again proceeded with a large interest rate hike, maintaining its forceful stance to combat inflation. The US central bank carried out the second strai…
Spirit terminates Frontier deal, says in talks with JetBlue
New York (AFP) – After months of back-and-forth, Spirit Airlines announced Wednesday that it was breaking off a merger with Frontier Group, opening the door to a possible takeover by JetBlue. The Spirit-Frontier deal, announced in February, was thrown …
Ex-cops sentenced to prison for George Floyd killing
Washington (AFP) – Two former Minneapolis police officers were sentenced to prison on Wednesday for their roles in the May 2020 killing of George Floyd, a Black man whose death sparked protests against racial injustice across the United States. US Dist…
Boeing sees progress on 787 but warns on supply chain
New York (AFP) – Boeing said Wednesday it is close to receiving regulatory approval to resume 787 jet deliveries, a move that could help reverse lackluster profits, but warned that its production ramp-up for the 737 MAX would be slowed by supply chain …
Ukraine moves closer to grain exports, strikes Russian-held bridge
Kyiv (Ukraine) (AFP) – Ukraine on Wednesday said it had restarted operations at its blockaded Black Sea ports as it moved closer to resuming grain exports with the opening of a coordination centre to oversee a UN-backed deal. Progress towards fulfilli…
Biden celebrates getting over Covid with return to Oval Office
Washington (AFP) – US President Joe Biden ended his Covid isolation Wednesday, telling cheering aides that his quick recovery from infection should inspire Americans to take advantage of free vaccines and treatments. “I thought I heard a rumbling in my…
US lottery jackpot tops $1 bn, fourth highest ever
Washington (AFP) – The jackpot for the upcoming drawing of the Mega Millions lottery has ballooned to more than $1 billion, the fourth highest prize ever, its US organizer announced Wednesday. The Mega Millions grand prize has been steadily growing, al…