Latest Government policy News

China blocks UN sanctions on Pakistani extremist leader

Aug. 10, 2022 22:34 PM EDT

UNITED NATIONS (AP) — China on Wednesday blocked the imposition of U.N. sanctions sought by the United States and India against the deputy chief of Jaish-e-Mohammad, a Pakistan-based extremist group designated by the United Nations as a terrorist organization. Abdul Rauf Azhar has...

Japan PM purges Cabinet after support falls over church ties

Aug. 10, 2022 20:49 PM EDT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida reshuffled his Cabinet on Wednesday in an apparent bid to distance his administration from the conservative Unification Church over its ties to the assassinated leader Shinzo Abe and senior ruling party members. The reshuffle,...

How major US stock indexes fared Wednesday 8/10/2022

Aug. 10, 2022 16:51 PM EDT

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as...

Wall Street hits 3-month high as inflation cools

Aug. 10, 2022 16:46 PM EDT

NEW YORK (AP) — Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month. The encouraging inflation update sparked speculation that the Federal Reserve may not have to remain...

Lower prices offer Americans slight reprieve from inflation

Aug. 10, 2022 16:16 PM EDT

WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July compared with a year earlier, the...

Hundreds join anti-Gazprom protest in Bulgarian capital

Aug. 10, 2022 15:39 PM EDT

SOFIA, Bulgaria (AP) — Hundreds of Bulgarians took to the streets of the capital Sofia Wednesday, voicing fears that the country's caretaker government could break with the policies of its pro-Western predecessor and revert to close energy ties with Russia. The second in a planned...

EU to stop Greek budget watch in formal end to major crisis

Aug. 10, 2022 15:23 PM EDT

BRUSSELS (AP) — The European Union’s budget watchdog announced Wednesday that it is winding up years of surveillance of Greek government spending. The move marks a formal end to a major crisis that threatened to see Greece ejected from the euro single currency group, imposed severe hardship on...

Biden signs 'burn pits' help for vets; a personal win, too

Aug. 10, 2022 14:17 PM EDT

WASHINGTON (AP) — President Joe Biden, whose elder son Beau died of cancer years after deploying to Iraq, signed legislation on Wednesday expanding federal health care services for millions of veterans who served at military bases where toxic smoke billowed from huge “burn pits.” ...

Editorial Roundup: United States

Aug. 10, 2022 12:57 PM EDT

Excerpts from recent editorials in the United States and abroad: Aug. 8 The Wall Street Journal on Trump's Senate nominees: Donald Trump now has the Senate nominees he wanted to win Republican primaries. We’ll soon learn if they can win in November, or...

Seoul dismisses Beijing's concerns over anti-missile system

Aug. 10, 2022 10:09 AM EDT

SEOUL, South Korea (AP) — South Korea's government stressed Wednesday it will make its own decisions in strengthening its defenses against North Korean threats, rejecting Chinese calls that it continue the polices of Seoul’s previous government that refrained from adding more U.S. anti-missile...