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World Bank Leader, Accused of Climate Denial, Offers a New Response

David Malpass touched off a furor, including calls for his removal, when he refused to acknowledge that fossil fuels are warming the planet. On Thursday, he restated his position.  » mehr lesen

In Mississippi, Welfare for the Well-Connected as a Scandal Spreads

Millions earmarked for the needy in the nation’s poorest state instead went to projects that benefited the well-to-do, the state alleges, including a volleyball stadium at Brett Favre’s alma mater.  » mehr lesen

Bank of England Raises Interest Rates to 2.25%

The central bank is fighting to tame inflation in Britain, which is running near its fastest pace in decades.  » mehr lesen

4-Day Workweek Brings No Loss of Productivity, Companies in Experiment Say

More than 70 companies in Britain are undergoing a six-month experiment in which their employees get a paid day off each week. So far, most companies say it’s going well.  » mehr lesen

Japan Intervenes to Prop Up the Sliding Yen

The currency’s decline to a point not seen in 24 years prompted the rare action as officials keep interest rates low.  » mehr lesen

After a Big Rate Increase, Markets Fear a Recession

The Federal Reserve has more jumbo-size interest rises planned, stoking fears of downturns in the housing, labor and stock markets.  » mehr lesen

Andy Byford, Ex-M.T.A. Leader, Steps Down as London Transport Commissioner

Mr. Byford, who was revered as “Train Daddy” during his tenure as the chief of the New York City subway, said he would move back to the United States.  » mehr lesen

Bad News From the Fed? We’ve Been Here Before.

Fed rate increases are causing pain now. But an inside look at the Volcker era shows that conditions were far worse when the Fed tried different tacks to tame inflation.  » mehr lesen

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