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  • BusinessReuters

    NY Fed announces launch of new supply chain pressure metrics

    The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains. Noting that supply chain pressures are a key driver of inflation, the bank said in a press release that the new indexes “present a new gauge to measure how widespread supply disruptions are, understand if availability is improving, and track inflationary pressures and the impact on local firms.” The new gauges can be joined with the bank’s monthly Global Supply Chain Pressures Index “to c

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  • NewsReuters

    Factbox-From tax to green power, UK's Conservatives and Labour lock horns on economy

    British Prime Minister Rishi Sunak's Conservatives and the opposition Labour Party are increasingly making the economy a battleground of their early election campaigning. Finance minister Jeremy Hunt said on Friday the Conservatives would cut workers' taxes while Labour's plans would add 2,000 pounds ($2,531) a year to household tax bills. On Thursday, Labour leader Keir Starmer accused the Conservatives of crashing the economy and a spokesperson dismissed Hunt's tax cost claim.

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  • BusinessAssociated Press

    Abu Dhabi, once an untapped desert city, sees its first brewery open as UAE relaxes its alcohol laws

    In 2018, Chad McGehee opened Side Hustle Brews and Spirits, an Abu Dhabi-branded brewery and distillery with funky camels on its cans and playful names familiar to anyone living in the United Arab Emirates. The only problem was it was illegal to produce alcohol in the country, so his company made its hoppy India pale ale in the United States and then imported it to the UAE for sale.

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  • NewsAssociated Press

    Taiwan’s foreign minister says China and Russia are supporting each other's ‘expansionism’

    Russia and China are helping each other expand their territorial reach, and democracies must push back against authoritarian states that threaten their rights and sovereignty, Taiwan’s outgoing foreign minister, Joseph Wu, said in an interview with The Associated Press. Putin and Chinese leader Xi Jinping reaffirmed their “no-limits” partnership as both countries face rising tensions with the West.

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  • NewsAssociated Press

    The latest hot spot for illegal border crossings is San Diego. But routes change quickly

    The scenes are a daily reminder that San Diego became the busiest corridor for illegal crossings in April, according to U.S. figures, the fifth region to hold that distinction in two years in a sign of how quickly migration routes are changing. San Diego was the busiest Border Patrol sector for decades until more enforcement pushed migrants to the desert area near Tucson, Arizona, which became the top spot by 1998. Migrants were arrested nearly 128,900 times on the Mexican border in April, U.S

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  • PoliticsAssociated Press

    GOP tries to 'correct the narrative' on use of mailed ballots after years of conflicting messages

    In fact, she would prefer to do away with mail-in voting altogether. The GOP has launched an effort to, in the words of one official, “correct the narrative” on mail voting and get those who were turned off to it by Trump to reconsider for this year's election. The push is a striking change for a party that amplified dark rumors about mail ballots to explain away Trump's 2020 loss, but it is also seen as a necessary course correction for an election this year that is likely to be decided by ra

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  • SportAssociated Press

    Squad sizes for Copa America teams expanded from 23 players to 26

    Teams in this year's Copa America will be allowed to have an expanded squad of 26 players instead of the usual 23, South American soccer body CONMEBOL said Thursday. Several teams, including world champion Argentina, had already asked for the number of players to be expanded for the tournament, which starts on June 20 in the United States. The decision was announced by CONMEBOL during FIFA's congress in Bangkok, Thailand.

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  • NewsReuters

    LATAM Airlines expands frequency of Brazil international flights; Air France adds route

    LATAM Airlines will increase the frequency of seven of its international routes connecting Brazil to the United States and countries in Europe and Africa, it said on Thursday. The move by Chile-based LATAM, whose local unit is currently Brazil's No. 1 carrier in international operations by market share, comes as rival Air France KLM also announced it would add a new route to the South American nation. LATAM said starting Oct. 27, it will increase flights from Sao Paulo to Orlando, Los Angeles,

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  • PoliticsAssociated Press

    Maverick Kentucky congressman has avoided fallout at home after antagonizing GOP leaders

    Republican Rep. Thomas Massie has made a habit of antagonizing Washington's most powerful leaders in his own party, but so far it hasn't eroded his support back home in his staunchly conservative Kentucky district. Four years ago, Massie drew the wrath of then-President Donald Trump when the congressman singlehandedly caused a delay in passing a massive COVID-19 relief package. Trump called the Kentuckian a “third rate Grandstander" for his stalling tactic.

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  • NewsAssociated Press

    Violence rages in New Caledonia as France rushes emergency reinforcements to its Pacific territory

    Violence raged across New Caledonia for the third consecutive day Thursday, hours after France imposed a state of emergency in the French Pacific territory, boosting security forces’ powers to quell unrest in the archipelago that has long sought independence. French authorities in New Caledonia and the interior ministry in Paris said five people, including two police officers, were killed after protests earlier this week over voting reforms pushed by President Emmanuel Macron's government turne

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