Economy

Filter

EU commission unveils climate law amid criticism

By Samuel Petrequin, Associated Press

With its proposals, which will need to be approved by lawmakers and member states, the EU's executive arm wants to transform its ambition of cutting greenhouse gas emissions to zero by mid-century into biding law. Climate activists and Green members…

Stocks soar on plans for more stimulus measures, Biden wins

By Stan Choe, Alex Veiga, Associated Press

Health care companies helped lead the gains after Biden solidified his contender status for the Democratic presidential nomination. Investors see him as a more business-friendly alternative to Bernie Sanders.

U.S. senators scrutinize web-scraping facial recognition startup

By Associated Press

Clearview AI has drawn attention following investigative reports about its practice of harvesting billions of photos from social media and other services to identify people.

U.S. stocks fall after surprise rate cut from Fed

By Stan Choe, Associated Press

After popping to a 1.5% gain shortly after the Fed's announcement, the S&P 500 swung between modest gains and losses for about an hour before turning decisively lower in the late morning.

Stocks surge after Federal Reserve makes emergency rate cut

By Damian J. Troise, Associated Press

U.S. stocks jumped Tuesday after the Federal Reserve made an emergency rate cut to help support the economy from the impact from the virus outbreak.

Australia cuts interest rate to record low to fight novel coronavirus impact

By Rod McGuirk, Associated Press

Before the COVID-19 outbreak, the slowdown in the global economy that started in 2018 appeared to be coming to an end. Now, economists fear the virus will drag down global growth.

Chris Matthews retires from MSNBC, cites comments to women

By Associated Press

The host opened his show Monday evening by saying he was retiring from the network and apologizing for comments he made to women.

Drug maker Sandoz Inc. to pay $195 million fine in antitrust case

By Marcy Gordon, Associated Press

Officials said Monday the company would admit guilt and pay the penalty. They said it was the largest fine the department had levied in a domestic antitrust case.

Guyana elects leader as vast oil boom dawns

By Bert Wilkinson, Associated Press

Members of the governing multiparty coalition led by retired army general David Granger and supported mainly by descendants of Africans brought to Guyana as slaves say they will be better stewards of the country's newfound wealth. …

Dow surges 5% following a 7-day loss over virus fears

By Alex Veiga, Associated Press

The Dow Jones Industrial Average surged nearly 1,300 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak.