Economy

Human-induced global heating spurs frequency of flash droughts

Dry spells known as flash droughts, with a surprisingly rapid onset and often devastating impact, are becoming more frequent as…

‘Crane committed no crime’: Indian farmer seeks winged friend’s freedom

Mohammad Arif, an Indian farmer whose extraordinary bond with a large bird made him a social media star has asked…

Stocks making the biggest moves midday: Apple, Tesla, Netflix, Bed Bath & Beyond & more

Check out the companies making headlines in midday trading. Apple — The tech giant climbed more than 2% Thursday. A…

Stocks making the biggest premarket moves: Delta, First Solar, Steve Madden & more

Check out the companies making the biggest moves in premarket trading: Delta Air Lines — Shares popped 2% in the…

Why Ramadan’s Qadr Night is the holiest event in Islam

It might be unimaginable for many to think that one thousand and four hundred years ago, there were no Muslims…

UK economy flat in February as strikes and inflation bite — and the IMF delivers reality check

LONDON — The U.K. economy flatlined in February as widespread industrial action and persistently high inflation stymied activity. Data on…

New York appoints ‘rat czar’ for ‘wholesale slaughter’ of rodents

New York has appointed its first “rat czar”, tasked with cracking down on one of the more unappealing aspects of…

Fed expects banking crisis to cause a recession this year, minutes show

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…

Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…

Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity

Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I…