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EU forecasts recession this year amid persistent inflation

By David McHugh, Associated Press

The European Union's executive commission slashed its forecast for economic growth next year. It says spreading the message that the countries that use the euro currency will slide into recession over the winter will erode consumer purchasing power.

Wall Street surge continues as crypto suffers

By Stan Choe, Associated Press

Wall Street is tacking a bit more onto its stupendous surge from a day before to keep it on track for a strong gain for the week.

Embattled cryptocurrency exchange FTX files for bankruptcy following collapse

By Matt Ott, Associated Press

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.

People with disabilities gained a voice in global climate talks. Here's what that means

By Drew Costley, Teresa de Miguel, Associated Press

A group of climate activists who focus on disability rights have been pushing for several years for inclusion of disability rights in international climate action pledges.

News Wrap: Hurricane Nicole makes landfall on Florida's east coast

In our news wrap Thursday, a rare November hurricane smashed into Florida's Atlantic coast, President Biden will meet China's President Xi for their first in-person encounter since Biden took office and the District of Columbia filed a civil suit against…

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Price increases slow as U.S. consumer inflation eases to 7.7 percent

By Paul Wiseman, Associated Press

Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.

News Wrap: Russian military withdrawing from Kherson in southern Ukraine

In our news wrap Wednesday, Russia's military announced its forces are withdrawing from Kherson in southern Ukraine, lawyers for American basketball player Brittney Griner say she's been sent to a penal colony to serve a nine-year sentence for drug possession…

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COP27 host Egypt negotiates energy and transport deals

By Samy Magdy, Associated Press

Egypt, the host of this year's U.N. climate talks, is racking up a number of deals to green its energy and transport systems still heavily reliant on heavily polluting fossil fuels.

Pakistan seeks compensation for damage caused by climate-induced floods

By Kelvin Chan, Munir Ahmed, Associated Press

Pakistan's Foreign Minister Bilawal Bhutto-Zardari on Wednesday sought compensation for the unprecedented destruction that was caused in the country in summer when climate-induced flooding killed 1,739 people and affected 33 million and displacing hundreds of thousands.