Latest Government policy News

Asian stocks mixed on strong US hiring, OPEC oil output cuts

Oct. 05, 2022 23:28 PM EDT

BEIJING (AP) — Asian stocks were mixed Thursday after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices. Tokyo and Seoul advanced while Hong Kong and Sydney...

North Korea launches more missiles as US redeploys carrier

Oct. 05, 2022 22:27 PM EDT

SEOUL, South Korea (AP) — North Korea launched two short-range ballistic missiles toward its eastern waters Thursday after the United States redeployed an aircraft carrier near the Korean Peninsula in response to Pyongyang’s previous launch of a nuclear-capable missile over Japan. ...

Spain, Germany discuss energy crisis before EU summit

Oct. 05, 2022 15:59 PM EDT

MADRID (AP) — The leaders of Spain and Germany held talks in Spain Wednesday, two days before both participate in an European Union summit to discuss Europe’s energy crisis derived from Russia’s invasion of Ukraine. Spanish Prime Minister Pedro Sánchez hosted German Chancellor...

Live Updates: Russia-Ukraine War

Oct. 05, 2022 15:42 PM EDT

Russian President Vladimir Putin has declared that Russia is taking ownership of Ukraine's Zaporizhzhia Nuclear Power Plant, Europe's largest. Putin signed a decree Wednesday ordering the creation of a state company to manage the facility and said all workers now need Russian...

OPEC+ makes big oil cut to boost prices; pump costs may rise

Oct. 05, 2022 13:59 PM EDT

FRANKFURT, Germany (AP) — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices for U.S. drivers just ahead of key...

Last of migrants flown to Martha's Vineyard to leave shelter

Oct. 05, 2022 13:33 PM EDT

BOSTON (AP) — The last of dozens of migrants shipped to Martha's Vineyard last month are set to depart temporary shelter at a military base on Cape Cod for transitional housing by the end of the weekend, according to Massachusetts Gov. Charlie Baker's administration. The Venezuelan...

UK's Truss stands by 'disruption' agenda despite Tory doubts

Oct. 05, 2022 09:21 AM EDT

BIRMINGHAM, England (AP) — U.K. Prime Minister Liz Truss pledged Wednesday to ride out the turmoil unleashed by her tax-cutting economic agenda, saying the “disruption” will pay off in a wealthier, more efficient Britain. Truss closed a tumultuous Conservative conference in the...

EU agrees on price cap for Russian oil over Ukraine war

Oct. 05, 2022 08:20 AM EDT

BRUSSELS (AP) — European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. Diplomats struck the deal in Brussels that also includes curbs...

Seoul's reprisal blows up after North Korean missile success

Oct. 05, 2022 07:16 AM EDT

SEOUL, South Korea (AP) — A malfunctioning South Korean ballistic missile blew up as it plowed into the ground Wednesday during a live-fire drill with the United States that was a reprisal for North Korea's successful launch a day earlier of a weapon that flew over Japan and has the range to...

5 charged with defrauding pandemic relief programs

Oct. 05, 2022 04:03 AM EDT

MEMPHIS, Tenn. (AP) — Five current or former Internal Revenue Service workers have been charged with fraud for illegally getting money from federal COVID-19 relief programs and using a total of $1 million for luxury items and personal trips, prosecutors said. The U.S. attorney's...