Google on Wednesday said it has allowed Donald Trump's Truth Social app in its Play Store for Android devices -- after receiving assurances it would meet the platform's standards for moderating harmful content.. A version of Truth Social tailored for Apple mobile devices is available at the App Store, which also enforces rules about content moderation.
The G7 and IMF pledged their steadfast financial support to Ukraine on Wednesday as the country reels from Russian missile strikes and needs billions of dollars in monthly aid.. "We can see that Russian terror attacks can be intensified," Zelensky said through an interpreter to the meeting dedicated to supporting Ukraine.
A slowdown of economic growth and the US job market will be "required" to bring down inflation, the Federal Reserve said in notes released Wednesday, adding that prices remain "unacceptably high.". Several of the officials added that "the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action."
Global finance chiefs were expected to discuss a proposed price cap on Russian oil and support for Ukraine on Wednesday as the conflict takes center stage during the IMF's annual meetings.. The office of US Treasury Secretary Janet Yellen said on Tuesday she would "redouble efforts to advance a price cap on Russian oil, continue to lead the broad alliance leveling sanctions on Russia, and encourage our partners to accelerate and increase the scale of economic assistance to Ukraine."
Andrew Bailey is no stranger to economic storms as head of the Bank of England, becoming governor just as Covid was taking hold in Britain.. - Tough start - The coronavirus pandemic gave Bailey, from the city of Leicester in central England, no time to settle.
Amazon workers at an upstate New York warehouse began voting Wednesday on whether to unionize in the latest labor battle following a surprise union win earlier this year at another Amazon site.. Amazon Labor Union (ALU), which won a unionization vote in April at the 8,000-employee JFK8 warehouse in Staten Island in New York City, is hoping to follow up that upset with another win at a much smaller Amazon facility near the state capital Albany.
Britain will introduce a cap on the revenues of companies that produce low-carbon electricity in an attempt to mitigate the impact of soaring energy prices on consumers.. The temporary cap on energy companies that produce electricity from renewables and nuclear is being introduced in England and Wales, the government said in a statement late Tuesday.
Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, subsidies and price controls would be too costly, the IMF said Wednesday.. However, with long-lasting supply shocks and broad-based inflation, attempts to cap surging costs through price controls, subsidies or tax cuts will be "costly to the budget and ultimately ineffective," the IMF warned.
Germany will sink into recession next year and inflation will soar, the government forecast Wednesday, as Europe's top economy battles skyrocketing energy prices following Russia's gas shutdown.. The soaring energy costs are expected to send inflation to eight percent in 2022 and seven percent in 2023, the government forecast.
Britain's beleaguered Prime Minister Liz Truss vowed Wednesday not to cut public spending, once again defending last month's uncosted tax-slashing mini-budget that has sparked weeks of UK market turmoil.. "We will do that not by cutting public spending but by spending public money well," she added.
