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S&P 500 barely strikes record high as Federal Reserve commits to economic recovery

S&P 500 barely strikes record high as Federal Reserve commits to economic recovery

Business
April 7 (UPI) -- The S&P 500 scraped its way to a record close on Wednesday in a mixed day of trading as the Federal Reserve indicated it would remain committed to policies supporting economic recovery. The equity benchmark gained 0.15% to a new closing high of 4,079.95. The Dow Jones Industrial Average rose 16.02 points, or 0.048%, while the Nasdaq Composite dipped slightly to close down 0.07%. Advertisement Markets reacted to minutes from the Fed's March policy meeting where officials indicated the pace of asset purchases is likely to remain the same as the central bank works toward its economic goals. "Participants noted that it would likely be some time until substantial further progress toward the Committee's maximum-employment and price-stability goals would be realized and that...
6.6-magnitude earthquake strikes Philippines; 1 dead

6.6-magnitude earthquake strikes Philippines; 1 dead

World
Aug. 18 (UPI) -- A 6.6-magnitude earthquake struck central Philippines Tuesday, killing at least one person, officials said. The temblor struck at 8:03 a.m. at a depth of 13 miles about 4 miles east of the Cataingan municipality in the central island province of Masbate, the Philippine Institute of Volcanology and Seismology said in a statement. Advertisement Cataingan disaster officer Venus Rojo confirmed to local media that a retired police senior superintendent had died after becoming pinned under his house, which had collapsed in the quake. According to the Philippine Red Cross, several roads were damaged and many buildings had collapsed in Masbate due to the temblor, forcing at least 11 people to seek shelter at the Cataingan National High School. "Psychosocial support is ongoing," R...
Embattled Belarus leader jeered by workers as strikes grow

Embattled Belarus leader jeered by workers as strikes grow

World
MINSK, Belarus -- Workers heckled and jeered President Alexander Lukashenko on Monday as he visited a factory and strikes grew across Belarus, raising the pressure on the authoritarian leader to step down after 26 years in power. On the ninth straight day of mass protests over the official results of the Aug. 9 presidential election that demonstrators say was rigged, Lukashenko flew by helicopter to a factory in the capital of Minsk to rally support, but he was met by angry workers chanting, “Go away!” He told the workers: “I will never cave in to pressure.” Lukashenko said the country could have a new presidential election, but only after approving an amended version of its constitution in a nationwide referendum — an apparent bid to buy some time amid the growing political crisis. The p...
New strikes, protests as France unveils retirement bill

New strikes, protests as France unveils retirement bill

World
The Eiffel Tower is closed because of a strike and unions are holding new protests against changes to France's retirement systemByThe Associated PressJanuary 24, 2020, 10:15 AM3 min readPARIS -- The Eiffel Tower shut down Friday as French unions held last-ditch strikes and protests around the country on the day the government unveils a divisive bill redesigning the national retirement system. Travelers faced renewed disruptions on regional trains and the Paris subway on the 50th straight day of record strikes, and some schools and other public services also faced walkouts. The Eiffel Tower closed exceptionally, and the Versailles chateau and Louvre Museum warned visitors of potential disruptions. The number of striking workers and halted trains dropped considerably this week after the go...
Flybe: Government strikes a deal to rescue troubled airline

Flybe: Government strikes a deal to rescue troubled airline

Business
The government has agreed a rescue plan for troubled regional airline Flybe.Ministers agreed to work with Flybe to figure out a repayment plan for a significant tax debt that is thought to top £100m.Meanwhile, the firm's owners have agreed to pump more money into the loss-making airline.Business Secretary Andrea Leadsom said the deal would keep the company operating.That will be a relief to many of the eight million passengers who fly with the airline each year.Flybe services dozens of UK domestic routes that are not flown by other airlines, making it the largest carrier to fly out of some regional airports like Newquay."Flybe plays a critical and unique role in the UK aviation system, supporting the development of the regions, providing essential connect...