FRANKFURT, Germany — The European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth, the International Monetary Fund said Wednesday, warning against “premature celebration” as inflation declines from its peak. The Washington-based IMF said that the cost of underestimating inflation’s persistence could be painfully high and result in…

LONDON — LONDON (AP) — King Charles III immersed himself Wednesday in London’s vibrant Korean scene before the state visit later this month of South Korean President Yoon Suk Yeol. During the state visit, the South Korean leader and his wife will receive Britain’s traditional royal pomp and ceremony as well as commemorating the sacrifice of British soldiers during the Korean War. Charles and Queen…

Complaints about air travel are soaring ByThe Associated Press November 8, 2023, 1:32 PM FILE – Travelers await at the departure counter at the United Airlines terminal at Los Angeles International Airport, Wednesday June 28, 2023, in Los Angeles. The U.S. Transportation Department said Wednesday, Nov. 8, 2023, that consumer complaints about airlines nearly doubled in the first three months of this year, compared with…

The nation’s top accident investigator said Thursday that a surge in close calls between planes at U.S. airports this year is a “clear warning sign” that the aviation system is under stress. “While these events are incredibly rare, our safety system is showing clear signs of strain that we cannot ignore,” Jennifer Homendy, chair of the National Transportation Safety Board, told a Senate panel on…

MINNEAPOLIS — A Minnesota iron foundry has been violating air emissions laws for at least five years, but the state agency responsible for enforcing air permits didn’t take action against the company, the Minneapolis Star Tribune reported Wednesday. The Minnesota Pollution Control Agency tested the air along the perimeter of Smith Foundry in Minneapolis in October 2022 and in April, according to the U.S. Environmental…

WASHINGTON — Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. At the same time, in a panel discussion at the International Monetary Fund, Powell did not rule out another rate hike to help reduce inflation to the Fed’s 2%…

WASHINGTON — Treasury Secretary Janet Yellen said the U.S. has no desire to break economic ties with China as she began two days of talks with her Chinese counterpart on Thursday. The finance leaders are aiming to make progress on a slew of economic issues at a time when competition has markedly intensified between their countries. Yellen’s talks with Vice Premier He Lifeng are designed…

WASHINGTON — The Biden administration has started 40,000 construction projects since the passage of major infrastructure legislation two years ago and is seeking to make the case that continued progress could depend on keeping Joe Biden in the White House after 2024. Biden has long emphasized the bipartisan appeal of the $1 trillion investment, with governors, mayors and county officials. His administration says getting that…

BELVIDERE, Ill. — President Joe Biden put on a red United Auto Workers shirt on Thursday as he celebrated a labor deal that will reopen the Stellantis plant in Belvidere, Illinois, treating the factory’s salvation as a vindication of his decision to stand with striking union members as they demanded higher wages. “American workers are ready to work harder than anyone else,” Biden told cheering…

A Silicon Valley executive who lied to investors about inventing technology that tested for allergies and COVID-19 using only a few drops of blood has sentenced to eight years in prison and ordered to pay $24 million in restitution ByThe Associated Press October 18, 2023, 7:51 PM SAN JOSE, Calif. — A Silicon Valley executive who lied to investors about inventing technology that tested for…