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Fed stresses its commitment to low rates as economy stumbles
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve will keep pursuing its low-interest rate policies until an economic recovery is well underway, acknowledging that the economy has faltered in recent months. The Fed said in a statement after its latest policy meeting that hiring...
Cybercops derail malware botnet, FBI makes ransomware arrest
THE HAGUE, Netherlands (AP) — European and North American cyber cops have joined forces to disrupt what may be the world's largest network for seeding malware infections. The operation appears to strike a major blow against criminal gangs that have used that network for years to install ransomware for...
Ape at San Diego park improving after virus antibody therapy
SAN DIEGO (AP) — A troop of gorillas at San Diego Zoo Safari Park appears to be recovering from the coronavirus — including a 49-year-old silverback who received antibody therapy — in what is believed to be the first known cases among such primates. The western lowland gorillas were infected...
IMF: Vaccines will power 5.5% global economic growth in 2021
WASHINGTON (AP) — The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday. After sinking 3.5% in 2020, the worst year since World War II, the global economy will grow 5.5% this year, the 190-country lending organization...
China economy grows in 2020 as rebound from virus gains
BEIJING (AP) — China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth in the three months...
Some Dartmouth students to return; rapid tests at RI airport
Coronavirus developments across New England: ___ NEW HAMPSHIRE Half of the student body at Dartmouth College will be back on campus by Jan. 18, but most undergraduate classes will continue to be taught remotely. In an online community conversation this week, Provost Joseph Helble said confirmed cases of the...
Delta CEO sees some recovery from travel slump later in 2021
DETROIT (AP) — The leader of Delta Air Lines is telling workers that he expects some recovery from the coronavirus travel downturn by the spring. CEO Ed Bastian writes in a New Year's Day memo to employees that he expects 2021 to start with travel deeply depressed like it was last year. But as vaccines...
EU avoided chaos, explored new paths in turbulent 2020 year
BRUSSELS (AP) — Between the specter of Brexit, the coronavirus pandemic and a new leadership team facing a budget battle, the European Union looked set to remember 2020 as an “annus horribilis.” Instead, a last-minute trade deal with the United Kingdom coupled with the rollout of COVID-19...
The Latest: USC basketball to return against Santa Clara
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Southern California’s men’s basketball team will play a different team on Dec. 29. The Trojans will host Santa Clara instead of Long Beach State, which had to cancel because of ongoing COVID-19 issues in its...
Spending bill to restore federal college grants for inmates
The year-end spending bill before Congress would restore prisoners' eligibility for federal Pell grants for college, simplify the form used to apply for student aid and erase more than $1 billion in federal debt for historically Black colleges, among an array of other education initiatives tucked into the...
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