Yahoo Finance Plus The House passed a bill that would raise the age limit for buying a semi-automatic rifle. The measures are still being discussed in the Senate and came as lawmakers heard testimonies from witnesses of mass shootings in Buffalo, NY, and Uvalde, TX. Photo: Drew Angerer/Getty Images
(Bloomberg) -- Senate GOP leader Mitch McConnell said he will block bipartisan legislation to boost US competition with China and provide subsidies for domestic semiconductor manufacturing as long as Democrats pursue a go-it-alone economic package.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinUkr
Bobby and Tony George have won the first round of a legal battle over hillside property that they own at Irishtown Bend in the Cleveland Flats. The Georges were granted a preliminary injunction Thursday, blocking the Cleveland-Cuyahoga County Port Authority from using eminent domain to grab the Georges' property at 1433-1435 W. 25th St. Common Pleas Judge John Sutula made the ruling, and he will hear a motion for a permanent injunction on Aug. 22.
(Bloomberg) -- Euro-area inflation surged to a fresh record, surpassing expectations and bolstering calls for the kind of aggressive interest-rate increases being deployed by central banks across the world.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinUkraine Latest: Kyiv Lauds Isle Retake; Putin
Camelot loses legal battle to keep hold of National Lottery A defence spending cut – disguised by Boris Johnson's fiscal sleight of hand FTSE 100 falls 0.8pc as recession fears return Ben Marlow: Heathrow risks killing off the golden age of air travel Sign up here for our daily business briefing newsletter
President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell and Japanese investors. The order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell and two Japanese trading companies Mitsui and Mitsubishi hold just under 50%. The five-page decree, which follows Western sanctions imposed on Moscow over its invasion of Ukraine, indicates the Kremlin will now decide whether the foreign partners can stay.
Officials are now considering regulating stablecoins using structures other than traditional banks as crypto regulatory proposals continue to evolve.
(Bloomberg) -- Russian missiles struck an apartment building and a recreation center near the Black Sea port of Odesa early Friday, killing 18 people after its forces withdrew from a strategic island. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With L
(Bloomberg) -- Oracle Corp., one of the largest US tech employers, has strengthened worker benefits for abortion access while remaining publicly silent on the issue.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinUkraine Latest: Kyiv Lauds Isle Retake; Putin Shifts Gas PlantThe company has updated
More help is needed for companies struggling with rising costs, the boss of a business lobby group says.
(Bloomberg) -- An influx of data showing softer consumer spending, sagging sentiment and subdued manufacturing suggest a US economy with a more fragile foundation, prompting several forecasters to lower their estimates for growth.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps
The U.S. Supreme Court handed down a highly anticipated opinion on Thursday that curbed the U.S. Environmental Protection Agency’s power to regulate fossil fuels.
Bulgaria's outgoing prime minister on Thursday called on Russia to withdraw a diplomatic ultimatum sent after Sofia expelled 70 Russian diplomatic staff which included a threat to close Russia's embassy in the Balkan nation. Bulgaria, an EU and NATO member, said on Tuesday it was expelling 70 Russian diplomatic staff over espionage concerns and had set a cap on the size of Moscow's representation as tensions between the two once-close countries fractured over Russia's invasion of Ukraine. The move, announced by the foreign ministry and Kiril Petkov, the outgoing prime minister, was the largest expulsion of Russian diplomats by Sofia in recent years and would more than half the size of Moscow's diplomatic footprint in Bulgaria if it goes ahead.
Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European Central Bank rate hikes starting this month. Consumer price growth in the 19 countries sharing the euro accelerated to 8.6% from 8.1%, Eurostat said on Friday, higher than expectations for 8.4% and driven primarily by energy prices even as food and services also made a marked contribution. At more than four times the ECB's 2% target, inflation is so high it is at risk of getting stuck at uncomfortable levels as businesses and workers adjust their pricing and wage behaviours to the new reality.
(Bloomberg) -- Russian missiles struck an apartment building and a recreation center near the Black Sea port of Odesa early Friday, killing at least 20 people and injuring 38 more after Moscow’s forces withdrew from a strategic island about 100 miles to the south. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Wi
'The thing all these states have in common is they have surpluses and they are using part of the surplus to send checks.'
Such a project would be less difficult than other aqueducts and pipelines already built.
EU lawmakers struck a political agreement on new rules for companies that reap financial benefits from governments outside the bloc, pushing forward a proposal that sparked concern from some U.S. business groups.
Boris Johnson’s war of words with Vladimir Putin reached new heights as the Russian president said that he would be a “disgusting sight” with his top off.
Sadiq Khan is facing an official investigation into his conduct after he announced the opening date of the new Crossrail commuter line a day before the local elections.
A U.S. Supreme Court decision to curb the Environmental Protection Agency's power to regulate greenhouse gas emissions may be bad news for a Securities and Exchange Commission (SEC) bid to force companies to disclose their emissions. That could be a setback for the SEC, which is drafting a contentious new rule requiring public companies to disclose their direct and indirect greenhouse gas emissions. The SEC says investors need the data to make informed decisions, while corporate groups say the rule is overly onerous and costly.
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