aphenglosanoa

The US economy kept the threat of recession at bay in the third quarter, with GDP increasing at an annual rate of 2.9%. Despite some ominous results in the housing and corporate sectors, the data confirmed that US consumers are still spending and the pace of inflation is moderating. Here’s everything you need to know about the data.

European Commission President Ursula von der Leyen suggested creating a special international court to probe Russian actions in Ukraine and using frozen Russian assets to help rebuild the nation.

After nearly three years of fighting Covid tooth-and-nail, and excoriating Western nations that chose to live with the virus at the cost of millions of lives, China’s rhetoric seems to be moving in a more nuanced direction.

House Democrats unanimously elected Hakeem Jeffries to be minority leader next year, marking the party’s first change in top leadership in two decades. He is the first Black lawmaker to be elected to a top congressional leadership post.

U.S. Secretary of State Antony Blinken condemned Russia’s weeks-long assault on Ukraine’s power grid, saying as NATO scrambled Wednesday to scrape up replacement electrical gear that Russia had turned its war machine to strikes aiming to target civilians.

French President Emmanuel Macron was presented with a baguette while speaking at the French Embassy in Washington, DC on Wednesday. Stéphane Grattier, a baker at "Christophe Bakery," handed it to him. The baguette was already drawing worldwide recognition this week. It is being added to the United Nations' list of intangible cultural heritage as a cherished tradition to be preserved by humanity.

Skyrocketing demand, limited supply, price gouging and monopoly accusations. And a customer willing to pay almost anything. Welcome to Swiftonomics. Taylor Swift’s upcoming US tour of 52 concerts has all the ingredients of a post-Covid demand shock. Some resellers reportedly asked $40,000 or more for concert tickets following last week’s run on official sales, which left millions empty-handed and ready to pay whatever it takes to score a seat.

Russia’s foreign minister on Thursday accused the West of becoming directly involved in the conflict in Ukraine by supplying it with weapons and training its soldiers.

The dynamics of US consumer spending are changing, especially among younger buyers seeking fulfilling experiences over merchandise and material items. Having emerged from almost two years of lockdowns, consumers are devoting their spending to travel, hospitality and services. Are we witnessing a fundamental change in patterns of consumer behavior?

President Joe Biden said he would talk with Russian President Vladimir Putin about the war in Ukraine if the Russian leader is serious about ending his invasion, after previously saying only Ukraine’s leaders can decide when to hold peace talks.