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FRANKFURT, Germany (AP) – The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter memories of the inflation spike after Russia’s invasion of Ukraine in 2022. If oil and gas prices continue to rise, “the response of firms and workers may be faster than last time.”
SEOUL, South Korea (AP) – South Korean rescue workers on Saturday recovered the remains of 14 people from the charred wreckage of an auto parts factory in the central city of Daejeon, where an explosion and fire injured at least 59 others.
WASHINGTON (AP) – Political warning signs that have privately worried some Republicans for months are starting to flash red ahead of November’s midterm elections, as the war in Iran keeps gas prices high, travelers face unprecedented airport security wait times and Americans remain concerned about steep costs of living.
NEW YORK (AP) – Amazon has acquired Fauna Robotics, just under two months after the startup introduced a humanoid robot called Sprout designed to be a friendly addition to social spaces like homes and schools.
FRANKFURT, Germany (AP) – The head of the European Central Bank says that businesses may be quicker to raise prices in response to the oil shock from the Iran war due to bitter memories of the inflation spike after Russia’s invasion of Ukraine in 2022. If oil and gas prices continue to rise, “the response of firms and workers may be faster than last time.”
Merck is buying oncology company Terns Pharmaceuticals in a deal valued at approximately $6.7 billion as the pharmaceutical giant works on beefing up its cancer portfolio before a key patent on its cancer drug Keytruda expires in two years.
DUBAI, United Arab Emirates (AP) – The United States sent a 15-point plan to Iran for a possible ceasefire, an official said, even as it began to move paratroopers to the Mideast to back up a contingent of Marines heading there Wednesday.
WASHINGTON (AP) – Political warning signs that have privately worried some Republicans for months are starting to flash red ahead of November’s midterm elections, as the war in Iran keeps gas prices high, travelers face unprecedented airport security wait times and Americans remain concerned about steep costs of living.
Russian air defenses downed 389 incoming Ukrainian drones, Russia’s Defense Ministry said Wednesday, in what was the largest reported overnight attack on Russian regions and Crimea since Moscow’s forces invaded Ukraine more than four years ago.
DUBAI, United Arab Emirates (AP) – Long before he became Iran’s parliamentary speaker, Mohammad Bagher Qalibaf went on a charm offensive for almost two decades, portraying himself as a hard-liner the West could do business with in the Islamic Republic. “I would like the West to change its attitude to Iran and trust Iran.”
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