What The EU's 'Trade Bazooka' is And How it Works

BRUSSELS (AP) – Rattled by U.S. President Donald Trump’s threats over Greenland, the European Union is readying countermeasures against the United States. As primarily a trading bloc, the EU’s toolkit is mostly financial instruments, from steep tariffs on U.S. goods to the so-called trade bazooka touted by French President Emmanuel Macron.

US stocks soar to their best day since May as the Dow tops 50,000

NEW YORK (AP) - The U.S. stock market roared back, as technology stocks recovered and bitcoin halted its plunge, at least for now. The S&P 500 jumped 2% Friday for its best day since May. The Dow Jones Industrial Average soared roughly 1,200 points and topped the 50,000 level for the first time, while the Nasdaq composite rallied 2.2%.

Top Asia Pacific Breaking News: Morning Edition

TOKYO (AP) – The governing party of Prime Minister Sanae Takaichi secured a more than two-thirds majority in a key parliamentary election on Sunday, Japanese media reported, citing preliminary results. Takaichi, in a televised interview with public television network NHK, said that after the sweeping victory she is now ready to pursue her policies.

Portugal's Presidential Election Draws 11 Candidates

LISBON, Portugal (AP) – A record number of 11 candidates in Portugal’s upcoming presidential election kicked off their campaigns on Sunday. The official two-week campaign period preceding the Jan. 18 election will see the contenders competing to capture voters’ support.

FBI: Jeffrey Epstein wasn't running a sex trafficking ring for powerful men

NEW YORK (AP) – The FBI pored over Jeffrey Epstein’s bank records and emails. It searched his homes. It spent years interviewing his victims and examining his connections to some of the world’s most influential people. Investigators found scant evidence the well-connected financier led a sex trafficking ring serving powerful men.

What to Know About Deadly Fire at Swiss Alpine Bar

CRANS-MONTANA, Switzerland (AP) – Swiss investigators are probing what caused a fire in a bar at an Alpine ski resort that left around 40 people dead and another 115 injured during a New Year’s celebration.

Editorials from New York Times, Wall Street Journal, Washington Post and others

Excerpts from recent editorials in the United States and abroad:

Major strike in Portugal severely disrupts travel and public services

LISBON, Portugal (AP) – A strike called by Portugal’s two main trade union confederations brought severe travel disruption Thursday and forced the cancellation of many medical appointments and school classes. Government and municipal services, including trash collection, were also badly hit.