Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes.
The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020.
LONDON (AP) — The United Kingdom's new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its biggest one-day drop in 2 1/2 years.
DETROIT (AP) — The Detroit auto show has returned after a three-year absence with a roar. And a soar.
Visitors to the prestigious North American International Auto Show, which kicked off last week, can lay eyes on the latest offerings from some of the world's biggest automakers, as they've been able to in years past.
WASHINGTON (AP) — The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country's commitment to working with the Indo-Pacific region at a time of growing Chinese clout.
TOLEDO, Ohio (AP) — General Motors says it will spend $760 million to renovate its transmission factory in Toledo, Ohio, so it can build drive lines for electric vehicles.
It's the first GM engine or transmission plant to begin the long transition from internal combustion engines to electric vehicles.
SAN DIEGO (AP) — A fugitive defense contractor nicknamed “Fat Leonard” who claims to have incriminating sex photos of U.S. Navy brass could become the latest bargaining chip in Venezuelan President Nicolas Maduro’s efforts to win official recognition from the Biden administration, according to experts.
WASHINGTON (AP) — World Bank President David Malpass said Friday he won't resign after coming under criticism for his remarks earlier this week regarding climate change.
At an event sponsored by The New York Times on Tuesday, Malpass wouldn't answer directly when asked whether the burning of fossil fuels has contributed to global warming.
MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said.
DHAKA, Bangladesh (AP) — Standing in line to try to buy food, Rekha Begum is distraught. Like many others in Bangladesh, she is struggling to find affordable daily essentials like rice, lentils and onions.
COLOGNE, Germany (AP) — For 90 years, Engelbert Schlechtrimen's family has been baking wheat rolls, rye bread and chocolate cakes in this western German city. Next month, they will turn off the ovens for good, because they can no longer afford rising energy prices resulting from Russia's war in Ukraine.
BANGKOK (AP) — Authorities in Laos have made their third largest seizure ever of methamphetamine, confiscating a haul of 33 million tablets along with 500 kilograms (1,100 pounds) of crystal methamphetamine, an official with the U.N.
KYIV, Ukraine (AP) — Russian forces launched new strikes on Ukrainian cities Saturday as Kremlin-orchestrated votes took place in occupied regions to create a pretext for their annexation by Moscow, while hundreds of people were arrested in Russia for trying to protest a mobilization order that commits more troops to the fight in Ukraine.
YPSILANTI, Mich. (AP) — Faculty members at Eastern Michigan University have voted to ratify a new four-year labor agreement with the school.
The Eastern Michigan University chapter of the American Association of University Professors said Friday that 96% of its members voted in favor of the deal which would include pay raises and more favorable health care coverage.
CAPE CANAVERAL, Fla. (AP) — NASA is skipping next week’s launch attempt of its new moon rocket because of a tropical storm that’s expected to become a major hurricane.
It’s the third delay in the past month for the lunar-orbiting test flight featuring mannequins but no astronauts, a follow-up to NASA's Apollo moon-landing program of a half-century ago.
BOSTON (AP) — A soldier from Massachusetts who went missing during the Korean war and was later reported to have died in a prisoner of war camp has been accounted for using modern scientific techniques, military officials said.
BERLIN (AP) — German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop of a two-day, three-country visit to the Middle East aimed at striking new energy deals and forging fresh alliances amid the economic and geopolitical turmoil resulting from Russia’s invasion of Ukraine.
الدوحة، قطر (أ ب)- أبرمت شركة النفط والغاز ”قطر للطاقة” المملوكة للدولة يوم السبت اتفاقية مع شركة ”توتال إنرجيز” لتوسعة القطاع الجنوبي من حقل الشمال للغاز.
وقع على اتفاق الشراكة وزير الطاقة القطري سعد بن شريدة الكعبي والرئيس التنفيذي لشركة ”توتال إنرجيز” باتريك بوياني، في مراسم أقيمت بالعاصمة القطرية الدوحة.
DOHA, Qatar (AP) — State-owned oil and gas company Qatar Energy signed on Saturday a deal with Total Energies for the Northfield South Expansion.
The partnership deal was signed by Saad Sherida al-Kaabi, Qatar’s Energy Minister and Patrick Pouyanne, Total Energies chief Executive, and took place in Doha, Qatar.
TRENTON, N.J. (AP) — Gas prices dropped in New Jersey and dipped slightly across the nation as a whole amid the seasonal decrease in demand and the switch to less expensive winter-blend fuels.
AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.53, down 10 cents from last week.
ROME (AP) — A Sunday parliamentary election will determine who governs next in Italy.
SAN JUAN, Puerto Rico (AP) — Half of Puerto Rico is without power more than five days after Hurricane Fiona struck — including an entire town where not a single work crew has arrived.
GENEVA (AP) — Switzerland is considering whether to improve the living conditions of its livestock and whether women should work a year longer before becoming eligible for full benefits under the state pension scheme.
ASSISI, Italy (AP) — Pope Francis, visiting Assisi, the birthplace of his namesake saint who was close to nature, called on Saturday for “courage” in abandoning fossil fuels and lamented that older generations didn't know how to protect the planet and secure peace,
BANGKOK (AP) — A Chinese scientific ship bristling with surveillance equipment docked in a Sri Lankan port. Hundreds of fishing boats anchored for months at a time among disputed islands in the South China Sea.
LOS ANGELES (AP) — St. Louis Cardinals slugger Albert Pujols hit his 700th home run, connecting for his second drive of the game against the Los Angeles Dodgers and becoming the fourth player to reach the milestone in major league history.
WASHINGTON (AP) — How do American leaders and their allies intend to respond if President Vladimir Putin seeks to escalate his way out of a bad situation on Ukraine’s battlefields, and makes good on renewed threats of annexing territory or even using nuclear weapons?
NEW YORK (AP) — The tide of international opinion appears to be decisively shifting against Russia, as a number of non-aligned countries are joining the United States and its allies in condemning Moscow’s war in Ukraine and its threats to the principles of the international rules-based order.
BOSTON (AP) — The reigning Eastern Conference champion Boston Celtics suspended coach Ime Udoka after a months-long investigation by an outside law firm that found multiple violations of team policies but did not point to a larger cultural problem of sexual misconduct, owner Wyc Grousbeck said Friday.
PHOENIX (AP) — Arizona can enforce a near-total ban on abortions that has been blocked for nearly 50 years, a judge ruled Friday, meaning clinics statewide will have to stop providing the procedures to avoid the filing of criminal charges against doctors and other medical workers.
PHOENIX (AP) — Public school advocates who oppose a massive expansion of Arizona's private school voucher system enacted by the Republican-controlled Legislature and signed into law by Republican Gov.
INDIANAPOLIS (AP) — Dr. Jeanne Corwin traveled about two hours on Friday from her hometown of Cincinnati to an Indianapolis abortion clinic, where she saw the clinic's first 12 patients the day after an Indiana judge blocked the state's abortion ban from being enforced.
ATLANTA (AP) — Georgia ran a surplus of more than $6 billion in the budget year that ended June 30, meaning the state's next governor and lawmakers could spend or give back billions.
The State Accounting Office, in a Friday report, said Georgia ran a $6.37 billion surplus even after spending $28.6 billion in state taxes and fees in the 2022 budget year.
ST. PETERSBURG, Fla. (AP) — A Florida sheriff's deputy working an overnight shift providing safety in a construction zone was accidentally struck and killed by a worker operating a front end loader who is in the U.S.
HOUSTON (AP) — A NASA researcher and Texas A&M University professor pleaded guilty to charges related to hiding his ties to a university created by the Chinese government while accepting federal grant money.
JURUPA VALLEY, Calif. (AP) — Authorities say nine people were taken to the hospital after being exposed to a caustic substance at a California plastics recycling company.
Seven workers had breathing problems or other symptoms while two firefighters who entered the building were taken to the hospital for examination as a precaution but weren't sickened and they were later released, Riverside County fire officials said.
UNITED NATIONS (AP) — Every September, the New York City police barricades go up around U.N.
WASHINGTON (AP) — A federal judge has rejected the Justice Department's bid to block a major U.S. sugar manufacturer from acquiring its rival, clearing the way for the acquisition to proceed.
The ruling, handed down Friday by a federal judge in Wilmington, Delaware, comes months after the Justice Department sued to try to halt the deal between U.S.
NEW YORK (AP) — Frustrated, anxious but also a tad hopeful, young activists staged a coordinated “global climate strike” Friday to highlight the effects of global warming and demand more aid for poor countries hit by wild weather.
GALLUP, N.M. (AP) — The federal government has awarded a $73 million contract to construct pumping plants as part of an ongoing project to bring drinking water to parts of the Navajo Nation and to residents in northwestern New Mexico.
CAPE CANAVERAL, Fla. (AP) — An approaching storm threatens to delay NASA's next launch attempt for its new moon rocket, already grounded for weeks by fuel leaks.
A tropical depression in the southern Caribbean is moving toward Florida and could become a major hurricane.
COLUMBIA, S.C. (AP) — A South Carolina farmer is suing several state agencies in federal court on grounds they conspired to deny him his due process rights after authorities in 2019 destroyed his hemp crop, which was grown in unregistered fields.
KYIV, Ukraine (AP) — A Kremlin-orchestrated referendum got underway Friday in occupied regions of Ukraine that sought to make them part of Russia, with some officials carrying ballots to apartment blocks accompanied by gun-toting police.
ATLANTA (AP) — Georgia's secretary of state on Friday announced plans to replace election equipment in one county following “unauthorized access” to the equipment that happened two months after the 2020 election.
Dow hits 2022 low as markets sell off on recession fears
NEW YORK (AP) — Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates.
Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates.
The Dow Jones Industrial Average closed at its lowest point of the year Friday.
TURIN, Italy (AP) — Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year at a board of directors meeting on Friday — adding to its recent struggles on the field.
UNITED NATIONS (AP) — Flooding likely worsened by climate change has submerged one-third of Pakistan's territory and left 33 million of its people scrambling to survive, according to Pakistan's prime minister, who says he came to the United Nations this year to tell the world that “tomorrow, this tragedy can fall on some other country.”
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Boeing Co., down $7.45 to $131.26.
The airplane maker will pay $200 million to settle charges that it misled investors about the safety of its 737 Max after two crashes.
ARIDA BORDER CROSSING, Lebanon (AP) — At least 77 people were killed when a boat carrying migrants from Lebanon sank off Syria this week, the country’s health minister said Friday, amid fears the death toll could be far higher.