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Oil industry executives on Wednesday said they more or less backed the agreement coming out of the United Nations climate summit in Dubai, despite its language calling for “transitioning away from fossil fuels.” “We support the outcome of COP28,” said a spokesman for Shell, Europe’s largest energy company. Eni, the Italian energy giant, praised the …
Tesla’s reputation for making technologically advanced cars suffered a blow on Tuesday when the company, under pressure from regulators, recalled more than two million vehicles. U.S. officials said the automaker had not done enough to ensure that drivers remained attentive when using a system that can steer, accelerate and brake cars automatically. The recall by …
Federal Reserve officials will wrap up a year of aggressive inflation fighting on Wednesday afternoon, when they are expected to use their final policy decision of 2023 to leave interest rates at their highest level in 22 years. The Fed is finishing the year on pause after the most intense campaign of interest rate increases …
Following months of political wrangling, the European Union on Tuesday officially began a lengthy process to deliver on its pledge to use money derived from frozen Russian central bank assets toward the reconstruction of Ukraine. The European Commission, the bloc’s executive arm, said it had agreed on a proposal detailing a legal way to use …
Bipartisan lawmakers on Tuesday called for severing more of America’s economic and financial ties with China, including revoking the low tariff rates that the United States granted Beijing after it joined the World Trade Organization more than two decades ago. The House Select Committee on the Chinese Communist Party released a wide-ranging set of recommendations …
A federal judge in Texas on Monday upheld a ban that prevented state employees from using TikTok, the Chinese-owned short-form video app, on government devices and networks, rejecting a challenge by lawyers who argued that the prohibition had violated the First Amendment. The ban was challenged in July by the Knight First Amendment Institute at …
To understand how rising rents punish families of modest means, look no further than the queen-size bed that Jessica Jones and her three children share in her mother’s living room, where each night brings a squirming, turning tussle for space in a house with no privacy. Ms. Jones and her daughter Katelen, 14, anchor the …
Alexander MacKay coleads the Pricing Lab at Harvard Business School, a research center devoted to studying how companies set prices. Since the pandemic, he has watched how businesses have become more willing to experiment with what they charge their customers. Big companies that had previously pushed through one standard price increase per year are now …
Ohtani, though, is beating the Americans on their own terms. “He can hit a home run 500 feet and throw a ball 100 miles per hour, and he’s bigger and stronger than most Americans,” said Robert Whiting, who has written several books on baseball in Japan, including “You Gotta Have Wa.” Ohtani’s Ruthian contract might …
A woman dressed as a dugong, a rare marine mammal, beseeched passers-by to end the burning of fossil fuels. Protesters wiped away tears as they recited the names of Palestinians killed by Israel’s bombardment of Gaza. And human rights activists staged a fraught demonstration in support of political prisoners held less than 100 miles away …