Jul 20 New U.S. sanctions aim to choke off Russia’s access to battlefield supplies and revenue By Fatima Hussein, Associated Press The sanctions imposed Thursday by the Treasury and State departments target people and companies from Russia to the United Arab Emirates to Kyrgyzstan. Continue reading
Jul 20 IRS moves forward with a new free-file tax return system, supporters and critics mobilize By Fatima Hussein, Associated Press On one side, civil society groups this week launched a coalition to promote the move toward a government-run free-file program. On the other, tax preparation firms like Intuit and H&R Block have been pouring millions into lobbying to try to… Continue reading
Jul 20 WATCH: Biden talks economy and unions in Philadelphia as possible strikes loom By Josh Boak, Darlene Superville, Associated Press Tensions are rising between unions and companies about a rapidly evolving economy in which AI, clean energy and e-commerce are rewriting some of the basic rules of work. Biden is trying to allay those concerns by saying unions should be… Continue reading
Jul 19 Watch 8:26 Germany’s role as economic powerhouse at tipping point amid recession By Malcolm Brabant, Morgan Till, Dan Sagalyn Germany's economy was the envy of Europe for many of the 30-plus years since reunification. But now the country is officially in recession and its people, used to decades of prosperity, are now losing confidence. Much of its current troubles… Continue watching
Jul 18 Major U.S. firms supplied equipment to keep Russian oil flowing after Ukraine invasion By Ed Davey, Associated Press SLB announced late last week it would stop exporting equipment to Russia as The Associated Press prepared to publish a report on the companies' Russian operations. Continue reading
Jul 17 Watch 7:53 British housing crisis creates new conflicts as developers seek to build homes By Malcolm Brabant, Morgan Till Experts in Britain are warning that a generation of young people may never be able to own their own homes because of a grave housing crisis. There is a shortfall of over four million homes and it is now a… Continue watching
Jul 17 Strikes rock Hollywood hit by streaming revolution, pandemic standstill By Jake Coyle, Associated Press Tens of thousands of actors have now joined screenwriters on picket lines outside studios and streaming services' headquarters, seeking better pay and more details about streaming audiences. Continue reading
Jul 17 Ford substantially cuts cost of F-150 Lightning electric pickup By Michelle Chapman, Associated Press The sticker price on Ford’s F-150 Lightning electric pickup is being lowered by thousands of dollars due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker. Continue reading
Jul 16 Tesla announces its 1st electric pickup truck has rolled off the assembly line By Associated Press Tesla says its first production Cybertruck electric pickup has rolled off the assembly line, nearly two years behind the original schedule. Continue reading
Jul 16 Yellen visits India again to deepen ties and tackle global economic issues By Ajit Solanki, Fatima Hussein, Associated Press On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges… Continue reading