LARNACA, Cyprus — Officials from nine southern European Union member countries said Monday they’re focused on harnessing offshore wind and solar energy to try to turn the Mediterranean region into a renewable energy hub and stave off the risks of climate change. The energy ministers of Cyprus, Slovenia and Malta, Croatia’s economy minister as well … Read more
An employee arranges Nike basketball shoes on display at the House Of Hoops by Foot Locker retail store at the Beverly Center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images During a recent event celebrating Foot Locker’s 50th anniversary in New York City, it was hard to imagine that the legacy sneaker … Read more
People hold signs as they attend a press conference at City Hall Park on April 10, 2023 in New York City. Michael M. Santiago | Getty Images As we enter an election year, Americans’ perceptions of economic health matter more than ever. Small business owners are often seen as a bellwether given how acutely they … Read more
Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more. The Nationwide said that from Tuesday, new borrowers could request a mortgage up to six times their income with a 5% deposit. But it would only be available for those taking out a … Read more
VILNIUS, Lithuania — Lithuania signed a deal with U.S. ammunition producer Northrop Grumman on Monday as it seeks to increase defense capabilities in the shadow of Russia’s war in Ukraine. Prime Minister Ingrida Simonyte and Steve O’Bryan, the company’s vice president, met in the Lithuanian capital of Vilnius to formalize the agreement on the development, … Read more
BERLIN — The cost of a popular ticket introduced last year that allows people to use all local and regional trains, buses and subway systems across Germany is set to increase by about 18% next year, a senior official said Monday. Transport ministers from Germany’s 16 states agreed that the price of the Germany Ticket, … Read more
World peace. Calorie-free cheesecake. Sensible politicians with your interests at heart. Like all these pipe dreams, investment strategies promising both growth and capital preservation are phony baloney. Fiction. Yet so many vendors in varied forms – especially in rocky times like this summer’s – claim otherwise, peddling poor products destined to disappoint. Rational expectations are key to successful investing. … Read more
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning. Twenty-eight percent of small business owners … Read more
Kmart, one of America’s most iconic department store chains, is closing its last full-size store in the United States this fall. The store, located in Bridgehampton, New York, on the South Fork of Long Island, will close its doors for good on October 20, an employee confirmed to WJAR. The real estate investment trust, Kimco … Read more
Venita Cooper, founder of Silhouette Sneakers & Art in the Greenwood district of Tulsa, Oklahoma. Parnia Mazhar| NBC News. TULSA — Nestled among rows of colorful shoes lining the walls of Silhouette Sneakers & Art, a framed black-and-white photo reminds owner Venita Cooper of the giants whose shoulders she stands on. Overlaid on that picture … Read more