US employers add 175,000 jobs in April
WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report…
Climate change set to cut average income by 19%, report warns
The average income of people around the world will be cut by one-fifth because of climate change by the middle of the century, according to a new report by Germany’s Potsdam Institute for Climate Impact Research, published in the journal…
Survey: US consumer confidence at lowest level since 2022
Washington — U.S. consumers appear less optimistic about the jobs market and more worried about future financial conditions, bringing a closely watched confidence metric to its lowest level since July 2022, a survey showed Tuesday. The consumer confidence index fell…
G7 ministers: Energy storage is key to global renewable goals
Paris, France — G7 environment ministers committed on Tuesday to ramp up the production and deployment of battery storage technology, an essential component for increasing renewable energy and combating climate change. Here is how and why batteries play a vital…
Dubai to move international airport to $35B facility in 10 years
Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the next 10 years” in a project worth nearly $35 billion, its ruler said Sunday….
Long lines, frustration grow as Cuba runs short of cash
HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He angrily hopped on his electric…
Georgia to host development summit; climate change, aging on agenda
SYDNEY — The Asian Development Bank holds its annual meeting in Tbilisi, Georgia, next week, with discussions on climate change and the world’s aging population high on the agenda. The four-day summit, starting Thursday, marks the first time that the…
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Paris, France — World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of “extreme” climate changes, the body that monitors the trade said Thursday. “Extreme environmental conditions” including droughts, fires and other…
US growth slowed sharply last quarter to 1.6%, reflecting economy pressured by high rates
WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from…
Popular Indian payment system faces restrictions due to China connections
Paytm, a popular payment app in India, faces government restrictions on business because of its Chinese connections, local media say. India is ramping up scrutiny and restrictions on other Chinese tech companies, too, amid concerns about security and geopolitics. Henry…