Business
The US economy has unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, which could fan financial market fears that the economy is already in recession.
News
WikiLeaks founder Julian Assange has been denied permission to appeal at the UK Supreme Court against a decision to extradite him to the United States, the court says.
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Leaders of the Quad grouping of countries – the United States, India, Australia and Japan – have agreed that what is happening to Ukraine should not be allowed to happen in the Indo-Pacific, Japanese Prime Minister Fumio Kishida says.
About 80 million people living in the southeastern United States are under a weather alert for the massive and powerful winter storm that has left about 240,000 people without electricity and forced airlines to cancel thousands of flights throughout the region.
Scientists are seeing signals that Covid-19’s alarming Omicron wave may have peaked in Britain and is about to do the same in the US, at which point cases may start dropping off dramatically.
The Omicron variant of the coronavirus has spread to about one-third of US states, but the Delta version is still providing the majority of Covid-19 infections as cases rise nationwide.
A spike in the unemployment rate and renewed worries over the inflation outlook have put a dent in consumer confidence.
