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UK's Johnson delays lockdown easing for England by 4 weeks

LONDON (AP) ??" British Prime Minister Boris Johnson has confirmed that the next planned relaxation of coronavirus restrictions in England will be delayed by four weeks until July 19 as a result of the spread of the delta variant.

In a press briefing Monday, Johnson said he is "confident that we won't need more than four weeks" as millions more people get fully vaccinated against the virus, which could save thousands of lives.

He said it is "sensible to wait just a little longer" and that "now is the time to ease off the accelerator."

Under the government's... Read More

Delicate task for Fed: When to pull back on low-rate support

WASHINGTON (AP) ??" With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies.

It will be a fraught discussion, one likely to occur over several months. Yet the escalating inflation that has forced consumers and businesses to pay more has intensified pressure on the Fed to ensure that rising prices don't become entrenched in consumers' outlooks. If Americans start to anticipate higher prices, they might take actions ??" such as accelerating their... Read More

Justice official resigning amid uproar over Dems' subpoena

WASHINGTON (AP) ??" The Justice Department's top national security official is resigning from his position after revelations that the department under President Donald Trump secretly seized records from Democrats and members of the media.

John Demers, a Trump appointee, will leave by the end of next week, a Justice Department official told The Associated Press on Monday. Demers, who was sworn in a few weeks after the subpoena for the Democrats' records, is one of the few Trump appointees who has remained in the Biden administration. He had planned for weeks to leave the department... Read More

Germany seeks to fine operators of Telegram messenger app

BERLIN (AP) ??" German authorities have launched proceedings against Telegram that could see the messenger app's operators fined for failing to abide by laws requiring social media sites to police their users' actions.

German magazine Der Spiegel reported over the weekend that officials believe use of the Telegram app has reached a threshold where it can be treated in the same way as Facebook, Twitter and TikTok when it comes to requiring cooperation with German authorities.

A Justice Ministry spokeswoman confirmed Monday that authorities have written to Telegram's... Read More

Stocks slip on Wall Street, pulling S&P 500 below record

Stocks fell on Wall Street Monday in a sluggish start to the week as investors await the latest take from the Federal Reserve on inflation.

The S&P 500 fell 0.2% as of 11:30 a.m. Eastern. The Dow Jones Industrial Average fell 214 points, or 0.6%, to 34,265 and the Nasdaq rose 0.3%.

The benchmark S&P 500 is sitting just below its latest record high set on Friday. It is also coming off its third weekly gain in a row. Trading has been choppy as investors gauge the economic recovery and rising inflation's impact on its trajectory and the Fed's next move.

Banks,... Read More

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UK's Johnson delays lockdown easing for England by 4 weeks

Delicate task for Fed: When to pull back on low-rate support

Justice official resigning amid uproar over Dems' subpoena

Germany seeks to fine operators of Telegram messenger app

Stocks slip on Wall Street, pulling S&P 500 below record

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