TOKYO (AP) – Japan and Britain agreed Saturday to accelerate cooperation on cybersecurity and the supply of critical minerals, as China’s influence grows in the region. British Prime Minister Keir Starmer said his visit to Japan comes at a time “when geopolitical, economic and technological shocks are literally shaking the world.”
NEW YORK (AP) – Americans are drinking more coffee than they have in decades. But fewer of them are getting it from Starbucks. The company that revolutionized the United States’ coffee culture remains America’s biggest player, with nearly 17,000 U.S. stores and plans to open hundreds more. But it’s facing unprecedented competition.
BANGKOK (AP) – The Bank of Thailand plans to tighten regulations on online gold trading to curb the impact of fluctuating prices on the local currency. The new measures will not have a big impact to gold trading, which has become increasingly popular, but will improve transparency of online platforms, the central bank’s assistant governor said.
Jan. 19 – The Washington Post says Congress has dropped the ball regarding oversight of ICE, DHS. Geraldo Lunas Campos died at a Texas detention center on Jan. 3 while pleading for air as guards choked him, according to a fellow detainee. The local medical examiner’s office is considering classifying his death as a homicide, The Post reports.
WASHINGTON (AP) – U.S. wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer price index – which measures inflation before it hits consumers – rose from November to December at the fastest pace in three months and faster than the 0.3% economists had forecast.
HARRISBURG, Pa. (AP) – Drugmaker Eli Lilly and Co. said Friday that it will build a $3.5 billion manufacturing facility in Pennsylvania, as the company expands domestic production and capitalizes on surging sales of obesity and diabetes treatments.
WASHINGTON (AP) – Senate leaders were scrambling on Friday to save a bipartisan spending deal and prevent a partial government shutdown this weekend as some Republicans pushed back on a rare deal between President Donald Trump and Democrats.
Exxon Mobil topped most expectations in the fourth quarter as the energy giant reported solid production in the Permian Basin and Guyana. For the three months ended Dec. 31, Exxon earned $6.5 billion, or $1.53 per share. It earned $7.61 billion, or $1.72 per share, a year earlier. Earnings were $1.71 per share, topping the $1.68 per share that Wall Street was calling for.
WASHINGTON (AP) – Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago. Now that he is in line for the position, the enormity of the challenge ahead of him is clear.
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