Germany flashes the cash
German retail sales have jumped by the largest amount in seven years and unemployment has fallen in Spain. As Amy Pollock reports both have added to the optimism over the region's economy.
German retail sales have jumped by the largest amount in seven years and unemployment has fallen in Spain. As Amy Pollock reports both have added to the optimism over the region's economy.
Residents of coastal Gullah Geechee communities are at risk of losing their homes with more frequent storm surges, rising sea levels and other impacts of climate change.
French supermarket group Casino said Wednesday it would axe between 1,300 and 3,200 jobs as part of a reorganisation following its recent takeover led by Czech billionaire Daniel Kretinsky.That ended with the arrival in March of Kretinsky at the head of a group of main creditors who oversaw a debt restructuring deal.
The United Arab Emirates announced $544 million to repair the homes of Emirati families on Wednesday after last week's record rains caused widespread flooding and brought the oil-rich Gulf state to a standstill.The rainfall, the UAE's heaviest since records began 75 years ago, killed at least four people, including three Filipino workers and one Emirati.
The outgoing chief executive of top semiconductor equipment supplier ASML said on Wednesday that the U.S. government will prevent the company from servicing some machines it has previously sold to Chinese customers in some cases. Such restrictions "will not have a significant effect on the 2025 to 2030 financials, because it will be a limited number" of Chinese plants that are affected, Peter Wennink said. ASML, the largest maker of equipment used to manufacture computer chips, has faced a series of restrictions and licensing requirements from the U.S. and Dutch governments in selling its more advanced equipment lines to Chinese customers.
Ukraine claims to have destroyed almost 1 million cubic feet of fuel in a drone strike on Russian state-owned oil depots.
The names of thousands of people held in Japanese American incarceration camps during World War II will be digitized and made available for free, genealogy company Ancestry announced Wednesday. The website, known as one of the largest global online resources of family history, is collaborating with the Irei Project, which has been working to memorialize more than 125,000 detainees. People will be able to look at more than just names and tell “a bigger story of a person,” said Duncan Ryūken Williams, the Irei Project director.
KYIV, Ukraine — Ukraine needed this.
After a tense overnight standoff, Columbia University officials and students appeared to agree to further talks Wednesday on clearing a pro-Palestinian protestor encampment that has paralyzed the New York campus. It was not immediately clear if university officials had agreed to such terms, though New York Governor Kathy Hochul has said she had no plans to call in the National Guard.
An Oklahoma man faces up to 12 years in prison on a Caribbean island after customs officials found ammunition in his luggage.
Social media giant Meta will report its Q1 earnings after the bell Wednesday.
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries."Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," said Chief Executive Dave Calhoun, who will step down at the end of 2024.
Police in Brooklyn made scores of arrests after a standoff on the streets, days after hundreds of arrests were made at Columbia University and NYU.
The U.S. Chamber of Commerce, the country's largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency's near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber's lawsuit in federal court in Tyler, Texas, alleges that the U.S. Federal Trade Commission lacks the power to adopt sweeping rules such as the ban on so-called noncompete agreements released on Tuesday, which is set to take effect in August. The FTC is empowered by federal law to enforce existing antitrust laws passed by Congress, but not to enact rules determining what other type of conduct by businesses is anticompetitive, the Chamber said in the lawsuit.
Boeing (BA) on Wednesday reported results that beat Wall Street expectations after a tumultuous first quarter.
The European Union on Wednesday announced a probe into China's medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in "protectionism".China's medical devices market is the second largest after the United States, worth around 135 billion euros in 2022 ($145 billion), according to a 2023 report by China-focused think tank MERICS. The EU probe is the first under the bloc's International Procurement Instrument which seeks to promote reciprocity in access
The Senate voted to advance the $95 billion aid package that provides critical aid to Ukraine, Israel and Gaza and a provision to ban TikTok in the U.S.
New federal rules say travelers deserve cash refunds when inconvenienced by their airline – not vouchers or travel credits.
Tesla said it would "accelerate" the launch of new models next year, including lower-cost cars, countering reports earlier this month it had scraped those plans.
A wildfire blazed early on Wednesday outside the picturesque western Cuba valley town of Vinales, state-run media said, threatening a region considered to be among the island's most important tourist destinations. Local media said the fire was 90% controlled by early Wednesday but that the blaze, which began Monday afternoon, had yet to be snuffed out completely as strong winds fanned flames in a remote and mountainous region of pine forest. The 51-square-mile (13,210-hectare) Vinales valley is a UNESCO World Heritage site and among Cuba's top and best known tourist destinations.
Glenn Sullivan Sr., 54, pleaded guilty to four counts of second-degree rape on April 17.