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Rival Libya leader says he has no plans to rule from Tripoli

SIRTE, Libya (AP) — One of Libya’s rival prime ministers told The Associated Press that he has no immediate plans to rule from the capital of Tripoli, after his attempted move there last week sparked ...

Doctors, hospitals in crisis-hit Lebanon go on 2-day strike

BEIRUT (AP) — Dozens of doctors, nurses and medical personnel rallied Thursday outside the Central Bank in the Lebanese capital of Beirut after declaring a two-day general strike to protest rapidly de...

US economy shrank by 1.5% in Q1 but consumers kept spending

WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgra...

Turkish central banks keeps rate at 14% despite inflation

ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running on Thursday despite an annual inflation rate of nearly 70%. The bank said it wou...

Wall St. heads higher after Fed confirms rate hike plans

NEW YORK (AP) — U.S. markets marched higher before the open, one day after details from the Federal Reserve's latest meeting confirmed expectations of more interest rate hikes but no big surprises. ...

In Lebanon, a nascent reform movement faces tough road

BEIRUT (AP) — Ramy Finge spent two years braving tear gas and rubber bullets, sometimes trying to scale the cement walls surrounding Lebanon’s parliament during anti-government protests. ...

Australia's housing boom to deflate as mortgage rates rise

BENGALURU, May 26 (Reuters) - Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living crisis worsens and mortgage rate...

Asia's war on inflation targets supply, not consumers

May 26 (Reuters) - From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy ...

Dollar rises as Fed minutes confirm near-term rate hike expectations

NEW YORK, May 25 (Reuters) - The U.S. dollar rose on Wednesday, holding most of its earlier gains after minutes from the Federal Reserve's May meeting showed that most participants believed half-p...

Business Highlights: Fed's 'restrictive' levels, Davos gloom

___ Fed officials signal rates may head to ‘restrictive’ levels WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they might ...

How major US stock indexes fared Wednesday

Stocks rose broadly on Wall Street Wednesday after minutes from the Federal Reserve’s most recent meeting indicate the central bank intends to move “expeditiously” to raise interest rates back to more...

Fed officials signal rates may head to 'restrictive' levels

WASHINGTON (AP) — Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb ...

Davos gathering overshadowed by global economic worries

DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The ris...

Davos updates | VW: Supply chain woes ease; orders backed up

DAVOS, Switzerland (AP) — Executives with German automaker Volkswagen say at the World Economic Forum meeting in Davos that supply chain problems exacerbated by the Russia-Ukraine war are easing but t...

Kansas City Fed President Esther George announces retirement

WASHINGTON (AP) — The president of the Federal Reserve Bank of Kansas City, Esther George, said Wednesday that she will retire in January, as required by the Fed's mandatory retirement rules. ...