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Business
Sales of new US homes jumped in 2023, government data showed Thursday -- a result that reflects a lack of inventory in the existing homes market, as mortgage rates remained elevated.An estimated 668,000 new homes were sold last year, representing a 4.2 percent rise from the 2022 figure, the Commerce...
World
Unrelenting storms have pummelled the United States over the past week, leading to at least 50 weather-related deaths, officials and US media reported Friday, as large swathes of the country brace for new winter wallops.Frigid temperatures, snow gales and thick ice have caused fatal accidents on tre...
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP.AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund'...
World,Front Page
Two US Navy sailors have been reported missing at sea while conducting operations off the coast of Somalia, the US military said Friday.The two sailors went missing Thursday evening, US Central Command said in a brief statement."Search and rescue operations are currently ongoing to locate the t...
The administration of Democratic US President Joe Biden on Friday accused Republican Texas Governor Greg Abbott of preventing the federal border patrol from carrying out its mission by blocking its access to a key sector of the border with Mexico.Abbott, a staunch supporter of former president Donal...
President Joe Biden said Thursday that US and British forces had launched air strikes against Iran-backed Huthi rebels in Yemen in "defensive action" after attacks on shipping in the Red Sea.In a statement, Biden said he "will not hesitate" to order further military action if nee...
US President Joe Biden has good news to sell on the economy as he seeks reelection in November -- but voters don't seem to be buying it.Growth is up, unemployment is down, and the US economy is recovering from the Covid-19 pandemic better than most other countries thanks to a huge stimulus packa...
Did Donald Trump spark an insurrection? Try to steal an election? Should he be barred from running for the White House again? Is a former president immune from prosecution?Those are just some of the weighty questions that the US courts are grappling with as the 77-year-old real estate tycoon seeks a...
The US private sector added more jobs than anticipated in December, payroll firm ADP said Thursday, signaling a strong labor market could continue to support the economy despite higher interest rates.The world's top economy saw private sector employment rise by 164,000 jobs in the final month of...
The United States on Wednesday criticized South Africa for bringing a genocide case against Israel before the UN's top court, rejecting accusations against its ally over the war in Gaza. The International Court of Justice in The Hague will next week hold hearings on a filing by South...
The World Bank is working to slash how long it takes to get financing projects off the ground as part of a push to speed up and scale up the 79-year-old development lender, its president told AFP on Wednesday.It currently takes 27 months, on average, before "the first dollar goes out the door,&...
World,Back Page
The United States on Friday announced the approval of a $147.5 million sale of 155mm high-explosive artillery munitions and related equipment to Israel under an emergency provision that waives the usual congressional review.The same provision was used earlier this month to approve the sale of nearly...
SpaceX's Falcon Heavy rocket blasted back into space on Thursday night to ferry the US military's secretive X-37B drone to a research mission.After weeks of delays, the rocket launched from NASA's Kennedy Space Center in Florida at 8:07 pm Eastern Time (0107 GMT Friday) in a liftoff live...
US President Joe Biden announced Thursday that he is extending a suspension of Trump-era steel and aluminum tariffs against the European Union (EU) for two years as negotiations continue.With the United States and the EU still far from resolving a years-long dispute over their trade in metals, Biden...
An American warship shot down a drone and an anti-ship ballistic missile fired Thursday by Yemen's Iran-backed Huthi rebels, the US military said. The Huthis have repeatedly targeted vessels in the vital Red Sea shipping lane with strikes they say are in support of Palestinians in Ga...
A joint US-Canadian military monitoring agency continued this year its decades-long Christmas tradition of tracking Santa's whereabouts, helping children around the globe find out when his reindeer-powered, present-filled sleigh would be coming to town.A 3-D, interactive website at www...
The UN Security Council expressed "alarm" at growing violence in war-torn Sudan on Friday, a day after it reported that seven million people have been displaced by the conflict.In a joint statement, the Council "strongly condemned" attacks on civilians and the spread of the confl...
The Democratic and Republican leaders of the US Senate said Tuesday that Washington will not be able to approve new aid for Ukraine before year's end, as the two sides continue to seek a compromise."As negotiators work through remaining issues, it is our hope that their efforts will allow t...
US President Joe Biden warned Israeli Prime Minister Benjamin Netanyahu Tuesday that the country risked losing global support for its war against Hamas because of its "indiscriminate" bombing of Gaza.In his most blunt remarks since the October 7 attack on Israel by Hamas, which provoked th...
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.The IMF said its board had completed the first review of Sri Lanka's rescue package known as the Exten...
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