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Fed keeps rate near zero and sees brighter economy in 2021

Fed keeps rate near zero and sees brighter economy in 2021

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.

NYC cathedral gunman's note says he planned to take hostages

NEW YORK — The man killed by police Sunday after he opened fire on the steps of a landmark New York City cathedral had a note in his pocket that said he had planned to take hostages and use them as leverage to get U.S.
Prague zoo's month-old Sumatran orangutan finally has a name

Prague zoo's month-old Sumatran orangutan finally has a name

PRAGUE, Czech Republic — He’s called Pustakawan, or Kawi, if you wish. Prague’s zoo said on Wednesday it has finally completed the process of naming a critically endangered Sumatran orangutan baby born on its premises on Nov 17.
German government backs bill requiring 5G security pledge

German government backs bill requiring 5G security pledge

BERLIN — German Chancellor Angela Merkel's Cabinet approved a bill Wednesday that would require companies involved in setting up critical infrastructure such as high-speed 5G networks to guarantee that their equipment can't be used for sabotage, espi
Retail sales fell 1.1% in November, biggest drop in 7 months

Retail sales fell 1.1% in November, biggest drop in 7 months

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S.
US brands Vietnam, Switzerland as currency manipulators

US brands Vietnam, Switzerland as currency manipulators

WASHINGTON — The U.S.
Sen. Elizabeth Warren's book 'Persist' to come out in April

Sen. Elizabeth Warren's book 'Persist' to come out in April

NEW YORK — Sen. Elizabeth Warren has a book coming out about six key experiences and perspectives. The title should be familiar to those who have followed the Massachusetts Democrat's career: “Persist.
Suspect in Japan anime studio fire charged with murder

Suspect in Japan anime studio fire charged with murder

TOKYO — Japanese prosecutors formally filed murder charges Wednesday against a suspect in a deadly fire at a Kyoto anime studio last year, after it was determined that he has recovered enough from his own severe burns and is mentally fit to stand tri
Virus shuts many UK theatres but online the show goes on

Virus shuts many UK theatres but online the show goes on

LONDON — When Andrew Lincoln steps onstage at London’s Old Vic Theatre as Ebenezer Scrooge in “A Christmas Carol,” he looks out on an empty auditorium. The spectators are beyond the theatre walls, in houses and apartments, staring at screens.
AP Interview: Flattening curve wasn’t enough for New Zealand

AP Interview: Flattening curve wasn’t enough for New Zealand

WELLINGTON, New Zealand — New Zealand this year pulled off a moonshot that remains the envy of most other nations: It eliminated the coronavirus.