Jordan, a staunch U.S. ally that hosts American forces in the Mideast, has paid a price for its relationship with Washington, which has made the kingdom’s military bases a target of repeat Iranian strikes. Hundreds of drone and missile attacks have added to other strains on Jordan that ...
FRANKFURT, Germany (AP) — Volkswagen’s sweeping restructuring underlines the force of the China shock hitting Germany’s economy as the world’s biggest car market, short years ago a major profit center, rapidly becomes a major competitive challenge. The stiff headwinds from China facing Germany’s largest carmaker helped break a logjam on the board of directors and convince employee, union and local government officials that Volkswagen needed rapid change. The plan announced Thursday will include the loss of 50,000 jobs and probably four German auto plants where manufacturing ...
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year. The benchmark 30-year fixed rate mortgage rate rose 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was ...
WASHINGTON (AP) — More Americans filed for unemployment benefits last week, but layoffs are still rare and jobless claims remain at historically low levels. The Labor Department reported Thursday filings for benefits ticked up to 206,000 last week from a revised 204,000 the week before. The four-week average of claims, which smooths out week-to-week volatility, rose modestly to 207,250 last week. Claims for jobless benefits are a proxy for layoffs, and economists watch them because they can be a sign of where the job market is headed. For the past year, claims have mostly stayed ...
MCALLEN, Texas (AP) — A U.S. Immigration and Customs Enforcement officer falsely told investigators he was being attacked with a broom and shovel before he shot and wounded a Venezuelan man during the Minnesota immigration crackdown last winter, according to a federal indictment unsealed Friday. Christian Castro pleaded not guilty to six counts of making false statements to investigators during an appearance in Texas federal court after turning himself into federal authorities Thursday evening. He was shackled at his wrists, waist and feet during the brief hearing in McAllen. A ...
NEW YORK (AP) — The realization brought Qwynn Galloway-Salazar to tears. She was looking for civilian work two decades ago after leaving the Army Reserves, but what she saw was the disconnect between her and the panel of interviewers. As a Black woman, she didn’t fit the stereotypes ...
