Germany is negotiating with the European Union to win an exception to the proposed 2035 ban on internal combustion engines to permit cars to run on carbon-neutral synthetic fuels, the country’s Transportation Ministry said on Wednesday. Berlin’s abrupt decision in early March to seek a change in the measure on the eve of its final vote has caused a rift […]

European stocks may open on a steady note Thursday despite lingering worries about a financial crisis, with focus shifting from the United States to Europe. As recession worries mount, investors are now expecting a dramatic easing of policy from the world’s central banks. The European Central Bank (ECB) meets later today, and it is likely that the central bank will […]

The Department of Health and Human Services has unveiled the first set of Part B prescription drugs that will be subject to Medicare inflation rebates because they raised their prices faster than inflation. Under prescription drug law, prescription drug companies have to pay back Medicare if they raise prices on seniors at a higher rate than inflation. From next month, […]

France’s harmonized inflation rose more than initially estimated in February to hit a record high on higher food prices and services cost, final data from the statistical office INSEE showed on Wednesday. EU harmonized inflation advanced to 7.3 percent from 7.0 percent in the previous month. The rate was revised up from 7.2 percent estimated on February 28. The rate […]

A Delaware judge overseeing Dominion Voting Systems’ $1.6 billion defamation lawsuit against Fox News said in a pretrial hearing on Tuesday that he was still weighing whether to issue a summary judgment for either side in the case. In a hearing in Wilmington, Del., on Tuesday, lawyers for Fox News and Dominion both pushed the judge, Eric M. Davis of […]

Amazon’s relatively new chief executive, Andy Jassy, has laid off another 9,000 people, bringing the total since his tenure began to 27,000. Jassy kept his job, although he clearly has sunk the amazing company that founder Jeff Bezos built. Jassy has failed at every turn and decided to take it out on his workers. (Here are the industries laying off […]

Tuesday, President Joe Biden will travel to Monterey Park, California, the site of a recent deadly shooting, to announce a set of new actions to control gun violence. At 3:45 PM ET, Biden will announce an Executive Order with the goal of increasing the number of background checks conducted before selling firearms, moving the U.S. as close to universal background […]

Transportation Secretary Pete Buttigieg sent a letter to the Congress proposing a legislation that would guarantee that young kids can sit next to their parents without getting charged a junk fee in passenger planes. If passed, this legislation would ensure fee-free family seating on all U.S. airlines. President Biden called for Congress to pass legislation to ban these junk fees […]

India’s headline retail inflation is expected to moderate further in the months to come, as low wholesale inflation will transmit to consumer prices, the Ministry of Finance said in its latest monthly economic review (MER) on Monday. “Inflationary pressures eased in February, with slight moderation in Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation softening to a […]