The US Federal Reserve announced an interest rate cut of 25 basis points on Wednesday (December 18), reducing its target range to 4.25 to 4.5 percent in its third reduction of the year. Policymakers also …
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Business
Malls are using new restaurants to draw consumers as shopping centers reinvent themselves
by adminMalls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The slow death of department stores and rise of online shopping have hurt U.S. shopping malls, particularly over …
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Business
How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill
by adminThe fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House, Senate and House of Representatives. At the White House level, President-elect Donald Trump has already …
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When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding …
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World
Toxicology report shows ‘no methanol or illicit substances’ in drinks consumed by Fiji tourists
by adminToxicology tests on the ingredients of drinks consumed by seven tourists who fell ill in Fiji showed “no methanol or illicit substances,” authorities on the South Pacific island said Wednesday. Deputy Prime Minister Viliame R. …
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World
Ukraine says it has a laser that can shoot down aircraft a mile away. It’s called ‘Tryzub’
by adminUkraine has developed a laser weapon capable of shooting down targets from more than a mile away, the country’s drone force commander has claimed Speaking at a defense summit in Kyiv this week, Vadym Sukharevskyi, …
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Israel’s military struck Houthi targets in Yemen early on Thursday, just hours after the Iran-backed militant group launched its latest attack on Israel. The Israeli airstrikes, including on ports and energy infrastructure in the capital …
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A teen charged with killing three girls and wounding 10 other people in a stabbing rampage at a Taylor Swift-themed dance class in England this summer remained silent in court Wednesday as not guilty pleas …
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World
Vanuatu searches for earthquake survivors with no water as death toll expected to rise
by adminWellington, New Zealand (AP) — Vanuatu’s capital was without water on Wednesday, a day after reservoirs were destroyed by a violent magnitude 7.3 earthquake that wrought havoc on the South Pacific island nation, with the …
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World
Netanyahu tells Israeli troops to stay in area of Syria’s Mount Hermon until end of 2025, source says
by adminIsrael captured the strategically important mountain, Syria’s highest peak, following the fall of Bashar al-Assad’s regime to a rebel-led coalition earlier this month. Israeli officials including Netanyahu had initially characterized the advance as a temporary …