Economy

Filter

DEA reverses decision stripping drug distributor of licenses for fueling opioid crisis

By Joshua Goodman, Jim Mustian, Associated Press

As part of the settlement announced Wednesday, Morris & Dickson Co. agreed to admit wrongdoing, comply with heightened reporting requirements and surrender one of its two certificates of registration with the DEA.

Thousands of Spanish farmers stage a 2nd day of tractor protests over EU policies

By Ciarán Giles, Raf Cassert, Associated Press

Spanish farmers blocked highways and caused traffic jams to demand changes in European Union farming policies. They are also calling for more funds and measures to combat production cost hikes and severe drought.

ExxonMobil to explore for oil and gas in offshore area under dispute by Guyana and Venezuela

By Bert Wilkinson, Associated Press

The move could escalate tensions between Venezuela and neighboring Guyana, which awarded the exploration license. The area is considered part of Guyana's Essequibo region, but Venezuela has long claimed it as its own.

Mexico overtakes China as the leading source of goods imported to U.S.

By Paul Wiseman, Associated Press

The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier and closer to home.

FAA tells Congress not to raise the mandatory retirement for pilots until it can study the issue

By Associated Press

The House voted last year to raise the retirement age from 65 to 67 as part of a larger bill covering FAA operations. A Senate committee is scheduled to take up its version of the bill later this week.

IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding

By Fatima Hussein, Associated Press

The report says tax revenues are expected to increase by as much as $561 billion from 2024 to 2034, which is substantially more than previous estimates.

EU scraps pesticide proposal in another concession to protesting farmers

By Raf Cassert, Associated Press

Farmers have insisted that measures like the one on pesticides would increase the bureaucratic burden and add to the price gap between their products and cheap foreign imports.

Biden thanks hospitality workers in Las Vegas ahead of Nevada’s 2024 primary

By Darlene Superville, Associated Press

Biden on Monday congratulated hospitality workers for reaching a tentative agreement with several Las Vegas hotel-casinos and calling off a strike deadline for another, telling members of the local culinary union, “When you do well, everybody does better.”…

Oversight board urges Meta to rethink its policy on manipulated media in high-stakes election year

By Ali Swenson, Associated Press

The quasi-independent board said on Monday that an altered video of Joe Biden on Facebook exposed gaps in the policy.

Singaporeans bemoan Sen. Cotton’s ‘ignorant’ grilling of TikTok CEO

By Zen Soo, Associated Press

During the hearing, Chew was repeatedly questioned about his nationality and possible affiliations to the Chinese Communist Party by Sen. Tom Cotton, R-Ark.