State of emergency issued for NYC’s wettest day since Ida; rain, flooding expected to last hours
Heavy rain and flooding on Friday making led to subway and rail service suspensions and the closure of a terminal at LaGuardia Airport.
House Republicans cancel planned recess as government shutdown appears more likely
The federal government is due to shut down operations early Sunday if Congress does not approve a funding bill that President Joe Biden signs.
Apple expressed concerns to Chinese officials over foreign app restrictions, report says
Apple is concerned about new rules in China that would ban unregistered foreign apps from its App Store.
Biden administration moves ahead with new plan to cancel student debt
The Biden administration announced the next step in its new plan to cancel people’s student debt after the Supreme Court struck down its original policy.
Credit Suisse sheds nearly 13% of workforce this year
Credit Suisse has shed nearly 13% of its workforce this year, underlining the turmoil at the bank which was taken over by cross-town rival UBS in a state-engineered rescue earlier this year.
LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.
Spain’s right-wing party loses chance to form government, setting up socialist Sanchez for fresh bid
Pedro Sanchez, Spanish Socialist Workers’ Party leader, now has two months and two similar attempts to gain parliamentary support.
Stagflation is ‘the big bogeyman out there’ — and many increasingly fear its return
Oil prices surging to the brink of $100 a barrel and the specter of higher-for-longer inflation has reignited concern about stagflation risks.
UK economic recovery picks up steam, overtaking ‘sick man’ Germany — for now
The U.K.’s economic performance since the start of the Covid-19 pandemic has surpassed that of France and Germany, according to data revisions published Friday.
Biden’s IRA plan pushes battery-maker Northvolt to plan new factory in Canada
Northvolt plans to establish a fully integrated lithium-ion battery gigafactory in the Canadian province of Quebec — its first factory outside Europe.
