Category: News

Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says

The International Monetary Fund says debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people ByBHARATHA MALLAWARACHI Associated Press January 19, 2024, 7:50 AM COLOMBO, Sri Lanka — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate…

EU official praises efforts by Poland’s new government to restore the rule of law

European Union Commissioner for Justice Didier Reynders has praised efforts by Poland’s new pro-EU government to restore the rule of law and says they may lead to the release of billions of euros of EU funds for the country that were frozen under the p… ByThe Associated Press January 19, 2024, 9:33 AM European Commissioner for Justice, Didier Reynders, right, and Poland’s new Justice Minister…

Ford cuts production of F-150 Lightning pickup on weaker-than-expected electric vehicle sales growth

Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric vehicle sales growth ByThe Associated Press January 19, 2024, 8:29 AM FILE – The Ford F-150 Lightning displayed at the Philadelphia Auto Show on Jan. 27, 2023, in Philadelphia. Ford says it’s reducing production of the F-150 Lightning electric pickup vehicle as it adjusts to weaker-than-expected electric…

Los Angeles Times guild stages a 1-day walkout in protest of anticipated layoffs

Guild members of the Los Angeles Times have participated in a one-day walkout to protest imminent layoffs ByThe Associated Press January 19, 2024, 5:32 PM Matt Hamilton, an investigative reporter for the Los Angeles Times, talks to staff and supporters during a rally in downtown Los Angeles on Friday, Jan. 19, 2024. Guild members of the Los Angeles Times participated in one-day walkout to protest…

Boeing 747 cargo plane makes emergency landing shortly after takeoff at Miami airport

A witness saw sparks shooting from a cargo plane as it made an emergency landing at Miami International Airport shortly after takeoff ByThe Associated Press January 19, 2024, 7:15 AM This image taken from video provided by Melanie Adaros shows sparks shooting from a cargo plane before making an emergency landing at Miami International Airport on Thursday, Jan. 18, 2024 in Miami. The aircraft landed…

Prince Harry drops libel case against Daily Mail after damaging pretrial ruling

LONDON — LONDON (AP) — Prince Harry dropped his libel lawsuit Friday against the publisher of the Daily Mail tabloid following a punishing ruling in which a judge suggested he might lose at trial. Lawyers for the Duke of Sussex notified the High Court in London that he would not continue the suit against Associated Newspapers Ltd., one of several cases he had pending in…

Illinois high court hands lawmakers a rare pension-overhaul victory

SPRINGFIELD, Ill. — The Illinois Supreme Court on Friday endorsed the consolidation of local police and firefighter pension systems, a rare victory in a yearslong battle to find an answer to the state’s besieged retirement accounts. The court’s unanimous opinion rejected claims by three dozen working and retired police officers and firefighters from across the state that the merger of 649 separate systems into two…

US China official conclude meeting on financial issues

US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues, a step that continues the trend set by the two powers last November to ease tensions ByHUIZHONG WU Associated Press January 20, 2024, 2:57 AM BANGKOK — US and Chinese officials have completed the third meeting of a working group established to cooperate on financial issues,…

Private US lander destroyed during reentry after failed mission to moon, company says

A U.S. company’s failed moonshot has ended with a fiery plunge over the South Pacific ByMARCIA DUNN AP aerospace writer January 19, 2024, 2:52 PM This illustration provided by Astrobotic Technology in 2024 depicts the Peregrine lunar lander on the surface of the moon. A fuel leak shortly after its Monday, Jan. 8, 2024 liftoff prevented any chance of a moon touchdown. (Astrobotic Technology via…

Man United raids rival Man City to hire Omar Berrada as new CEO

Manchester United has announced Omar Berrada as its new chief executive after raiding rival Manchester City in a dramatic statement of intent ByThe Associated Press January 20, 2024, 6:30 PM MANCHESTER, England — Manchester United announced Omar Berrada as its new CEO on Saturday night after raiding rival Manchester City in a dramatic statement of intent. Man United had been looking for a successor to…