WASHINGTON (AP) – The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran.
LONDON (AP) – China is targeting personnel linked to the English-speaking Five Eyes intelligence-sharing alliance – Australia, Canada, New Zealand, the U.K and the U.S. – on job websites to get access to classified or sensitive information, the group said Wednesday. In a bulletin, the Five Eyes powers highlighted an “aggressive” online recruitment strategy where spies for Chinese military intelligence pose as workers acting on behalf of private businesses or think tanks.
WASHINGTON (AP) – President Donald Trump is again seeking to boost the struggling U.S. coal industry, with an announcement expected Thursday to spend nearly $700 million to support coal-fired power plants and coal exports.
Excerpts from recent editorials in the United States and abroad:
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains below 6.85%, where it was a year ago.
NEW YORK (AP) – SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world’s first trillionaire.
NEW YORK (AP) – Macy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and better customer service is resonating with customers.
BRUSSELS (AP) – European Union leaders, worried about the continent relying too heavily on American companies for AI and cloud computing services and Asia for microchips, are pushing back. The 27-nation bloc unveiled a “tech sovereignty” package on Wednesday with measures to promote homegrown European alternatives to Big Tech services and hardware.
HONG KONG (AP) – General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday that the deal will allow the buyers to exclusively sell the Häagen-Dazs brand in ice cream shops and gifting businesses across mainland China.
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