FRANKFURT, Germany (AP) — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. But that encouraging news was balanced by official figures showing economic output in the 20 countries that use the euro shrank by 0.1% in the July-September quarter.
NEW YORK (AP) — From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there’s still a lot stacked against organizing today. Rates of union membership have been falling for decades. More than 35% of private-sector workers were unionized 1953. Today, it’s about 6%. Labor experts point to changes in the U.S.
Business Highlights: UAW announces deal with GM; resilient US consumersBusiness Highlights: A summary of the day’s top stories in the business world. Read more ⮕
Business economists report ‘more challenging’ business environment amid higher interest ratesZachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder. Read more ⮕
State’s draft energy plan highlights familiar Alaska megaprojects, offers vague plans for renewablesThe draft lays out some broad intentions to bring more renewable energy to the state. It also calls for the controversial Alaska LNG pipeline. Read more ⮕
Harvard professor highlights importance of ventilation for ‘healthy buildings’Joe Allen believes rethinking building design, with an eye on better ventilation systems, is crucial for public health. Read more ⮕
Factbox-Highlights of UAW deal with FordFactbox-Highlights of UAW deal with Ford Read more ⮕
Victor Wembanyama tracker: Live updates from Spurs-Clippers, scores, highlights, how to watch, TV channelVictor Wembanyama and the San Antonio Spurs are on the road for the first time this season after starting with two home games. The No. 1 NBA Draft pick’s debut was muted because of foul trouble Wednesday, but he did flash in the fourth quarter. Wembanyama posted nine points in the final period of the Spurs’ 126-119 loss. Read more ⮕