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Stock market today: Global shares sink after Fed notes dent hopes of rate hikes ending

Published Wed, 26 Feb 2025 05:48:04 GMT

BEIJING (AP) — Global stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose.Wall Street’s benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed’s latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board would decide inflation was under control and last month’s rate hike was the last.Fed officials face a “tough balancing act” between “the risk of an inadvertent over-tightening of policy against the cost of an insufficient one,” said Tan Boon Heng of Mizuho Bank in a report.In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25.On Wall Street, futures for the S&P 500 and...

Ukrainian soldiers who were blinded in combat face the new battle of navigating the world again

Published Wed, 26 Feb 2025 05:48:04 GMT

RIVNE, Ukraine (AP) — Along a bustling street in a western Ukrainian city, Denys Abdulin takes his first independent strides since he was severely wounded and blinded while fighting invading Russian troops more than a year ago. The 34-year-old former soldier, wearing black glasses and gripping a white mobility cane, steps onto a more crowded stretch of sidewalk. His movements become tentative and tense. He accidentally blocks the path of a woman approaching an ATM to withdraw cash. Like many other pedestrians, she responds with a compassionate smile and gracefully moves aside. Gradually, Abdulin covers 600 meters (almost 3/10 of a mile), guided by a trainer walking ahead of him with a bracelet of small metal bells. Five other Ukrainian military veterans conquered similar challenges while attending a rehabilitation camp for ex-soldiers who lost their vision in combat. Over several weeks, the men would learn to navigate the city of Rivne, to prepare their own meals and to use public t...

South Korea’s spy agency says North Korea is preparing ICBM tests, spy satellite launch

Published Wed, 26 Feb 2025 05:48:04 GMT

SEOUL, South Korea (AP) — North Korea is preparing its second attempt to put a spy satellite into orbit as well as tests of long-range missiles to mark a key national anniversary and protest efforts by the United States to strengthen its regional alliances, South Korea’s intelligence service told lawmakers Thursday.North Korean leader Kim Jong Un has been expected to conduct weapons tests in response to major U.S.-South Korean military drills that begin next week and a trilateral U.S.-South Korea-Japan summit at Camp David in the United States this Friday. The National Intelligence Service told lawmakers in a closed-door meeting that North Korea may try to launch a spy satellite in late August or early September ahead of the country’s 75th anniversary on Sept. 9, according to Yoo Sang-bum, one of the lawmakers who attended the briefing.The NIS said North Korea has been testing an engine for the rocket to be used for the satellite launch and has installed an additional land ant...

Spanish parliament holds crucial vote that could pave way for another leftist government

Published Wed, 26 Feb 2025 05:48:04 GMT

MADRID (AP) — Spain’s newly elected Parliament meets Thursday to choose the chamber’s speaker and presiding council, a normally routine vote but which this time will be read as a bellwether of a future government.Inconclusive national elections on July 23 left no party with an easy path to cobble together the support needed to lead a government. Parties on the left and right of the spectrum are delicately poised in the fight for power.Acting Prime Minister Pedro Sánchez appears to have a slight edge over his conservative and rightwing rivals, but nothing is guaranteed and a new election in the coming months is still a real possibility.Thursday’s council vote by the 350 new lawmakers could therefore indicate whether Sánchez’s Socialists are making headway in building support among smaller parties. These include separatist parties in Catalonia that appear likely to decide both the speaker’s vote and the future session to elect a prime minister.Sánchez’s Socialists, the left-wing Sumar...

Norway raises key interest rate again to fight inflation

Published Wed, 26 Feb 2025 05:48:04 GMT

COPENHAGEN, Denmark (AP) — Norway’s central bank said Thursday that it is raising its key interest rate by a quarter-percentage point to combat high inflation.Norges Bank is hiking the rate to 4%, the highest level since 2008. It says inflation — which reached 5.4% in July — ”has edged down but remains high and markedly above the target” of 2%.“A somewhat higher policy rate is needed to bring inflation back to target,” according to the central bank. Bank Gov. Ida Wolden Bache said ”the future policy rate path will depend on economic developments” and added that the rate would most likely be raised again next month.“If the economy evolves as currently anticipated, the policy rate will be raised further in September,” she said in a statement.The bank noted that activity in the Norwegian economy, which is not part of the European Union, remains high.Central banks around the world have been raising borrowing costs to target painful spikes in consumer prices fueled by the economic ...

UAlbany women's soccer ready to compete for America East title in year two under Sade Ayinde

Published Wed, 26 Feb 2025 05:48:04 GMT

ALBANY, N.Y. (NEWS10) -- A new America East women's soccer season kicks off Thursday, and the University at Albany is aiming to build on a strong first season under head coach Sade Ayinde. Get the latest news, weather, sports and entertainment delivered right to your inbox! Following a slow start in non-conference play, the Danes went 7-4-5 over their final 16 games, reaching the conference semifinals for the second straight season. But last year's semifinal match was a tough one to swallow, losing to top-seeded Binghamton University on penalty kicks. The team clearly has not forgotten just how close they were to the title. In fact, that game proved that an America East crown is well within their reach."I think 'cause we were so close in that game - it was back-and-forth the whole, entire time - we knew we could've had that," said sophomore forward Emily Jozak. "The anger (we had) that we could've been in that championship...I think we're going into the season really strong, and w...

Abigail Rehfuss leaves Siena to become Syracuse assistant coach

Published Wed, 26 Feb 2025 05:48:04 GMT

LOUDONVILLE, NY (NEWS10) – Abigail Rehfuss, the all-time winningest head coach in Siena Women's Lacrosse history, has informed Siena College Vice President and Director of Athletics John D’Argenio that she has accepted a new position as assistant women’s lacrosse coach at Syracuse University.  Get the latest news, weather, sports and entertainment delivered right to your inbox! “I’d like to thank coach Rehfuss for making an indelible impact in her six seasons at Siena,” D’Argenio said. “Throughout her tenure, the women’s lacrosse team has consistently excelled in the classroom with one of the highest cumulative team GPAs on campus and has become a perennial MAAC Championship contender. I know that she will bring the same energy and enthusiasm to Syracuse and make them better, much like she did at Siena.”   Named the 2021 MAAC Coach of the Year, Rehfuss stands as the program's all-time leader in wins (53), winning percenta...

Labour migration: Improving legal avenues to work in the EU 

Published Wed, 26 Feb 2025 05:48:04 GMT

Find out about different work permits for workers from outside the EU and how the EU is revising them to bolster legal labour migration.Europe is facing demographic changes with a rapidly aging population and low birth rates. Pensioners are expected to account for about one third of the EU population by 2050. This will have significant social and economic consequences, including increased demand for health care and social services, lower productivity and higher public expenditures.To help address these challenges, the European Union has been encouraging legal migration to address labour shortages, fill skill gaps and boost economic growth.Take a look at some of the legal pathways into the EU job market and what the European Parliament is doing to improve some of them.Find out more about EU action on migration and asylum.Blue Card: attracting highly-skilled workers to the EUThe EU Blue Card is a work and residency permit that allows non-EU citizens to work and live in an EU country, ...

Ask Amy: Despite the disrespect to me, my wife is standing by this ‘friend’

Published Wed, 26 Feb 2025 05:48:04 GMT

Dear Amy: My wife is a doctor who, at the beginning of the pandemic, needed to be extremely cautious about her exposure to COVID.We asked our adult daughter, “Sarah,” to limit the circle of people she had personal contact with so we could still have in-person visits with her and our grandchildren, while protecting my wife’s patients.One day we saw a picture of Sarah on social media having cocktails unmasked and indoors at the house of our mutual friend “Carrie.”We informed both Sarah and Carrie that Sarah now had to quarantine for two weeks.We called Carrie to ask her to stop these invitations so that we could see our daughter. While we were on the phone with her, Carrie texted Sarah to invite her for cocktails that evening (Sarah was sitting next to us while we called)!My wife later told Carrie how angry we were. Carrie brushed this off and said my wife was being overly sensitive.A few weeks later, Carrie’s husband was diagnosed with prostate cancer. She promptly informed eve...

Texas woman charged with threatening federal judge in Trump case

Published Wed, 26 Feb 2025 05:48:04 GMT

Watch Video: Fulton County DA proposes March trial for Trump, co-defendantsA Texas woman was arrested last week on allegations that she sent a threatening and racist voicemail to the federal judge in Washington, D.C., who was randomly assigned to oversee the Justice Department’s election interference case against former President Donald Trump.According to a criminal complaint filed last week, on the night of Aug. 5, prosecutors allege that Abigail Jo Shry left a voicemail for Judge Tanya Chutkan, who is Black, that said in part, “You are in our sights, we want to kill you.”In the message to Chutkan, Shry alleged that if Trump were not to be elected president in 2024, “we are coming to kill you,” and “you will be targeted personally, publicly, your family, all of it,” per the complaint.In the voicemail, Shry also made similar threats against Democratic Rep. Sheila Jackson Lee of Texas, who is also Black, along with threats against the LGBTQ ...