November 28th, 2024

Business

Closing arguments in espionage trial of Wall Street Journal reporter will be Friday, court says

By Kirill Zarubin And Emma Burrows, The Associated Press on July 18th, 2024

YEKATERINBURG, Russia (AP) – Closing arguments in the espionage trial of U.S. journalist Evan Gershkovich will be held Friday, a Russian court said, as the proceedings picked up speed in a case that has seen the reporter held in pre-trial custody for over a year. Gershkovich attended a trial session for a second day behind ... Read More »

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More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks

By Matt Ott, The Associated Press on July 18th, 2024

U.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level. Jobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week, the Labor Department reported Thursday. The total number of Americans collecting unemployment benefits rose ... Read More »

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Ursula von der Leyen re-elected to a second 5-year term as European Commission president

By Mike Corder And Jean-francois Badias, The Associated Press on July 18th, 2024

STRASBOURG, France (AP) – Lawmakers at the European Parliament on Thursday re-elected Ursula von der Leyen to a second 5-year term as president of the European Union’s executive commission. The re-election ensures leadership continuity for the 27-nation bloc as it wrestles with crises ranging from the war in Ukraine to climate change, migration and housing ... Read More »

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European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

By David Mchugh, The Associated Press on July 18th, 2024

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again. The decision leaves the deposit rate at 3.75%, where it has stood after a single rate at the previous ... Read More »

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US journalist attends hearing in Russia in his trial on espionage charges that he and the US deny

By Kirill Zarubin And Emma Burrows, The Associated Press on July 18th, 2024

YEKATERINBURG, Russia (AP) – Wall Street Journal reporter Evan Gershkovich appeared for a hearing behind closed doors on Thursday in his trial in Russia on espionage charges that he, his employer and the U.S. government vehemently deny. Authorities arrested the 32-year-old journalist on March 29, 2023, while he was on a reporting trip and claimed ... Read More »

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United Airlines Q2 profit rises to $1.3 billion as travel demand offsets rising costs

By David Koenig, The Associated Press on July 18th, 2024

United Airlines on Wednesday reported that its second-quarter profit rose 23% to $1.32 billion, as record crowds at U.S. airports helped the carrier overcome sharply rising costs for fuel and labor. However, United warned that third-quarter results will fall short of Wall Street expectations because of a glut of U.S. flights that has airlines cutting ... Read More »

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China Communist Party policy meeting endorses leader Xi’s high-tech vision for economy

By Ken Moritsugu And Elaine Kurtenbach, The Associated Press on July 18th, 2024

BEIJING (AP) – China’s ruling Communist Party ended a top-level meeting on Thursday by endorsing policies aimed at building the country’s technological power and fortifying its national security. A statement released when the meeting ended provided only a broad-brush summary of any decisions. More details are likely to emerge days later. The meeting’s agenda focused ... Read More »

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Two deaths in listeriosis outbreak linked to plant-based milk recall

By The Canadian Press on July 17th, 2024

OTTAWA – Two people have died after an outbreak of listeriosis trigged a national recall of certain plant-based milks, the Public Health Agency of Canada said Wednesday. Silk brand almond milk, coconut milk, almond-coconut milk and oat milk were recalled earlier this month, as was Great Value brand almond milk. Most of the recalled products ... Read More »

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CP NewsAlert: Two deaths in listeriosis outbreak linked to plant-based milk recall

By The Canadian Press on July 17th, 2024

OTTAWA – The Public Health Agency of Canada says two people have died after an outbreak of Listeria infections linked to the recall of plant-based refrigerated beverages. Silk brand almond milk, coconut milk, almond-coconut milk and oat milk were recalled earlier this month, as was Great Value brand almond milk. Most of the recalled products ... Read More »

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S&P/TSX composite closes down on broad losses led by tech, U.S. markets mixed

By The Canadian Press on July 17th, 2024

TORONTO – Canada’s main stock index closed down Wednesday in broad-based losses led by technology and base metals while U.S. stock markets were mixed. The S&P/TSX composite index ended down 144.22 points at 22,851.17. In New York, the Dow Jones industrial average was up 243.60 points at 41,198.08. The S&P 500 index was down 78.93 ... Read More »

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Stock market today: Big tech stocks dive again to halt Wall Street’s record-setting rally

By Stan Choe, The Associated Press on July 17th, 2024

NEW YORK (AP) – Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies. That dragged indexes to their worst day in months on Wednesday, but conditions were less discouraging underneath the surface. The S&P 500 dropped 1.4%. The Nasdaq composite slumped 2.8%, ... Read More »

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