By Melissa Brock If you’re concerned about inflation, you’ve got a good reason. Inflation has hit its highest level since 1982 to an increase in the level of prices of the goods and services that households buy. What do you do when commodity prices are surging? High inflation can be the result of a hot economy or companies….
US Steel to Make $150 Million Investment in Iron Range Operations
By Mike Hughlett From Star Tribune U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite…
Malawians Protest Against Chinese Video Tricking African Children Into Insulting Black People
A Chinese national who allegedly shot and sold exploitative videos of Malawian children with content insulting black people, has been arrested in Zambia on June 20. Malawians subsequently protested at the Chinese Embassy demanding compensation for the child victims. On June 21, local rights groups took to the streets in protest, filing a petition at the Chinese…
New Zealand Designates the Proud Boys and the Base as Terrorist Entities
June 30, 2022
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New Zealand has formally designated the U.S.-based groups the Proud Boys and the Base as terrorist organisations. The move was approved by Prime Minister Jacinda Ardern on June 20 and publicly announced in the country’s official government newspaper, New Zealand Gazette, one week later. The Proud Boys is a fraternal group that described itself as…
US Consumer Spending in Q1 2022 Revised Sharply Downward, a Bad Sign for the Economy
U.S. consumer spending was down in the first quarter of 2022, according to revised figures from the U.S. Bureau of Economic Analysis (BEA) on June 29, a sign that the economy is showing signs of weakening growth. When adjusted for inflation, consumer spending increased by 0.5 percent in the first quarter, well below the previous estimate…
Volkswagen Still Optimistic for Q4 Porsche IPO: CFO
MUNICH—Despite market volatility, Volkswagen is still working toward an initial public offering (IPO) for Porsche in the fourth quarter that would give the luxury brand more freedom, the German carmaker’s finance chief said on Wednesday. “We are optimistic we can pursue this project in the fourth quarter,” Chief Financial Officer Arno Antlitz said at the…
Data Breach Exposes Private Info of All California Concealed-Carry Permit Holders
By Gregory Yee From Los Angeles Times LOS ANGELES—A data breach has exposed the personal information of every person with a California permit to carry a concealed weapon, authorities said Tuesday. The California Department of Justice suffered the breach as part of the launch of its 2022 Firearms Dashboard Portal, according to the Fresno County…
Biden Administration Throws Support Behind Potential F-16 Sale to Turkey
MADRID—The Biden administration threw its support on Wednesday behind the potential sale of U.S. F-16 fighter jets to Turkey, a day after Ankara lifted a veto of NATO membership for Finland and Sweden. Celeste Wallander, Assistant Secretary for Defense for International Security Affairs at Pentagon, told reporters on a call that strong Turkish defense capabilities…
NSW Teachers Protests Over Pay, Condition as Transport Strike Continues
Thousands of teachers from New South Wales (NSW) public and Catholic schools have taken to the streets of Sydney in a joint strike to urge the government to improve pay and condition. It is the third time the teachers walked off their jobs in six months, and the first time in 25 years that the…
Balkan Countries Swelter in Heat Wave
Balkan countries are sweltering under a heat wave, with temperatures across the region reaching above 30 degrees Celsius (86 Fahrenheit) for the fourth day in a row Wednesday. The extended wave is causing additional distress to chronic patients, prompting authorities to advise staying indoors and keeping hydrated during the hottest hours of the day. A…
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