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World,Back Page
The US economy contracted for a second straight quarter between April and June, according to official data released Thursday, adding fuel to recession fears and creating a headache for President Joe Biden ahead of midterm elections.Gross domestic product declined at an annual rate of 0.9 percent in ...
US President Joe Biden and Chinese counterpart Xi Jinping spoke by phone Thursday on mounting tensions over Taiwan, a festering trade dispute and their bid to keep the superpower rivalry in check.The White House said the phone call started at 8:33am in Washington (1233 GMT). A statement would be iss...
NASA plans to bring 30 Martian rock samples back to Earth in 2033, the agency said Wednesday -- and is sending two small helicopters to help the mission.The Perseverance rover, which landed on Mars in February 2021, has so far collected 11 samples as part of its hunt for signatures of ancient life.B...
Business & Commerce
The US Federal Reserve on Wednesday again raised the benchmark interest rate by three-quarters of a percentage point in its ongoing battle to tamp down raging price pressures that are squeezing American families.It was the second straight 75 basis point increase, and the fourth rate hike this year, ...
World,Front Page
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday.The sanctions were meant to sever Russia from the global financial sy...
US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.But with war still raging in Ukraine, and Covid-19 causing ongoing issues in Asia...
World
Donald Trump and his ex-wingman Mike Pence, who went from White House partners to bitter rivals, held dueling rallies Friday in Arizona, where an upcoming Republican primary election offers an early test of their potential 2024 showdown.The convergence of campaign events came a day after a congressi...
Twitter blamed disappointing results Friday on "headwinds," including the uncertainty imposed on the company by Elon Musk's chaotic buyout bid.The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platfor...
In response to multiple global crises disproportionately impacting women, the International Monetary Fund (IMF) has adopted new policies to better consider gender in its work, the global crisis lender's managing director announced Friday."I am most pleased and proud to announce that the Exe...
President Joe Biden tested positive for Covid-19 on Thursday, his administration announced, saying the 79-year-old leader was experiencing "mild symptoms" and would carry out his full duties while isolating at the White House."He is fully vaccinated and twice boosted and experiencing ...
Sports,Football
New signings Sadio Mane and Matthijs De Ligt scored debut goals as Bayern Munich thumped Major League Soccer's D.C United 6-2 in a friendly on Wednesday.Senegalese international Mane, who joined Bayern last month in a transfer worth a reported $42 million after a six-year stint with English gian...
At least 17 Democratic lawmakers, including prominent progressives Alexandria Ocasio-Cortez and Ilhan Omar, were arrested at an abortion rights protest outside the Supreme Court in Washington on Tuesday, police said.The US Capitol police said on Twitter that the demonstrators had blocked traffic on ...
The IMF hopes unrest in Sri Lanka will be resolved soon so that aid talks that were interrupted can resume, a fund spokesman said Thursday.Formal discussions on a new loan program for the cash-strapped nation began last month but were thrown off course by the political upheaval that led to the resig...
US climate envoy John Kerry vowed Friday the United States will meet goals it submitted to the United Nations on slashing greenhouse gas emissions, despite a Supreme Court ruling that curtailed the government's powers."We are determined to achieve our goals. We can achieve our goals," ...
Talks between the United States and the Taliban continued in Doha earlier this week to discuss earthquake aid, the State Department said Friday, months after the two parties last meet in the Qatari capital in March.The Taliban is seeking a way to unlock some the country's foreign reserves -- cur...
American manufacturing growth slowed in June as new orders contracted, even though price increases showed signs of slowing, according to an industry survey released Friday.The Institute for Supply Management said its manufacturing index fell to 53 percent from 56.1 percent in May, showing growth slo...
At least 46 migrants were found dead Monday in and around a tractor-trailer that was abandoned on the side of a road in San Antonio, in central Texas, authorities said.The grim discovery was one of the worst disasters involving migrants in the United States in recent years -- and came five years aft...
Three people died Monday when a long- distance train collided with a dump truck in a rural region of the US state of Missouri, leaving multiple passengers injured, local officials said.Seven of the Amtrak train's approximately eight cars derailed on a route from Los Angeles to Chicago when ...
With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said Friday.But any temporary pain caused by a recession would be "a necessary price to pay" to defeat dama...
Leader of the free world sounds like a superhero character, but the Joe Biden heading this week to twin European summits is in reality a politically fragile president tasked, somehow, with resolving an unenviable string of diplomatic problems.Biden arrives Saturday in Germany for the G7 summit of ma...
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