Congress prepares to take up bill preventing rail strike

WASHINGTON (AP) – Congress is moving swiftly to prevent a looming US rail workers strike, reluctantly intervening in a labor dispute to stop what would surely be a devastating blow to the nation’s economy if the transportation of fuel, food and other critical goods were disrupted. The House was expected to act first on Wednesday … Read more

On US state visit, Macron to draw the line on American protectionism

President Emmanuel Macron begins his three-day state visit to the US on Wednesday bolstered by shared bilateral visions on Russia’s invasion of Ukraine and China’s assertiveness in the Indo-Pacific. But President Joe Biden’s latest Inflation Reduction Act has alarmed the EU, and the French leader will have to stake a firm position on US subsidies … Read more

5 things to know before the stock market opens Monday, November 28

Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Eyes on China and data Markets face a new test this week after protests broke out across China (more on this below). The unrest, driven by anger over the Chinese … Read more

Sober or bright? Europe faces holidays during energy crunch

VERONA, Italy (AP) — Early season merrymakers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city still has not decked out its granite-clad pedestrian streets with twinkling holiday lights as officials debate how bright to make the season … Read more

Economies boom with Russian wealth, migration

Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri Getty Images News | Getty Images As many economies reel from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migrants and their accompanying … Read more

China’s COVID cases to smash records as video shows workers rebel | Business and Economy News

Taipei, Taiwan – China’s COVID-19 cases are surging towards record highs, signaling more pain for the world’s second-largest economy as hopes fade for a quick exit from Beijing’s draconian “zero-COVID” policies. The National Health Commission on Wednesday reported 29,157 infections nationwide for the previous day, close to April’s peak. China’s daily caseload peaked at 29,411 … Read more

Britain’s austerity budget had a ‘massive’ hole which will hurt growth: Michael Saunders

Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON – UK Finance Minister Jeremy Hunt’s recent fiscal announcement had a “massive” hole where an economic growth strategy should be, according to former Bank of England … Read more

In Brazil, Twitter users fear the effect of Musk’s rule Business and Economy News

It was Easter, and Lola Aronovich, a Brazilian literature professor, was enjoying a break at a beach with no internet access, totally unaware of the defamation campaign being orchestrated against her on Twitter. That day in April 2015, the son of Geraldo Alckmin, the former São Paulo governor and currently Brazil’s vice-president-elect, tragically died in … Read more

Opinion: Vladimir Putin isn’t just losing in Ukraine — he’s set Russia’s economy back 40 years

To win a war you need will and means. I am cautiously optimistic that Ukraine has both in its fight against Russia. Ukrainian will increase with every mass grave of murdered civilians uncovered and with every liberated Ukrainian village. For Ukrainians this war is no longer about territory but about survival as a nation — … Read more

Asia-Pacific leaders condemn war, renew calls for open trade

BANGKOK (AP) – Leaders from around the Asia-Pacific called for an end to Russia’s war on Ukraine and pledged to steer the region’s economies towards sustainable growth as they wrapped up summit meetings Saturday. Host Thailand garnered a diplomatic coup in managing to bridge divisions among the 21 members of the Asia-Pacific Economic Cooperation forum … Read more