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UN drops forecast for global economic growth in 2022 to 3.1%

By EDITH M. LEDERER
May 18, 2022 7:00 am - UNITED NATIONS (AP) - The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine ...
Asian shares track Wall Street's inflation-fueled retreat

By ELAINE KURTENBACH
May 18, 2022 7:00 am - TOKYO (AP) - Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries ...
Davos returns from pandemic with Ukraine, climate in mind

The Associated Press
May 18, 2022 7:00 am - GENEVA (AP) - After a nearly 2-1/2-year hiatus because of the coronavirus pandemic, the Swiss town of Davos is set to again host global elites from business, government ...
Target, Lowe's fall; TJX, Agilysys rise

The Associated Press
May 18, 2022 7:00 am - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Wednesday: Target Corp., down $53.67 to $161.61. The retailer's first-quarter profits were s...
Japan records trade deficit as imports surge on energy costs

By YURI KAGEYAMA
May 18, 2022 7:00 am - TOKYO (AP) - Japan recorded a trade deficit in April as its imports ballooned 28% due to soaring energy costs and the yen's weakness against the dollar. Japan's trade d...
Court: Some rail rate talks allowed in price-fixing suits

By JOSH FUNK
May 18, 2022 7:00 am - OMAHA, Neb. (AP) - A federal appeals court has ruled that details of some of the conversations between the nation's four largest railroads about their rates can now be i...
Google's Russian business plans to file for bankruptcy

The Associated Press
May 18, 2022 7:00 am - LONDON (AP) - Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers. Russian state media reported Wednesday tha...
Grains lower, Livestock mixed

The Associated Press
May 18, 2022 7:00 am - Wheat for Jul. declined 46.75 cents at $12.3075 a bushel; Jul. corn dropped 19.25 cents at $7.8150 a bushel, Jul. oats fell 12 cents at $6.4175 a bushel; while Jul. soyb...
Consumers shift again, flummoxing big retailers like Target

By ANNE D'INNOCENZIO
May 18, 2022 7:00 am - NEW YORK (AP) - The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they're tripping up retailers again. That dyn...
Big dreams for new Warner Bros. Discovery in ad presentation

By DAVID BAUDER and LYNN ELBER
May 18, 2022 7:00 am - In what was essentially a public debut on Wednesday, leaders of the new Warner Bros. Discovery portrayed the media giant as effectively a fifth U.S. broadcast television...

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