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Economy

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SEOUL, South Korea (AP) — North Korean leader Kim Jong Un “solemnly swore” to navigate his country out of deepening economic troubles as he concluded a major ruling party meeting, acknowledging food shortages and urging officials to prepare for both dialogue and confrontation with the U.S.

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SACRAMENTO, Calif. (AP) — California has regained more than half of the 2.7 million jobs it lost at the start of the coronavirus pandemic, officials said Friday, a trend driven by restaurants and hotels hiring more people as the nation’s most populous state reopens its economy.

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WASHINGTON (AP) — The White House made clear Friday that President Joe Biden was opposed to letting the federal gasoline tax rise at the rate of inflation to help pay for an infrastructure package that a bipartisan group of 21 senators is trying to craft.

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NEW YORK (AP) — Stocks are slumping on Wall Street Friday, and the S&P 500 is on track for its first losing week in four, as more steam comes out of banks and other stocks that soared earlier this year with expectations for the economy and inflation.

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RICHMOND, Va. (AP) — Virginia's road to legalizing simple possession of marijuana has had some twists and turns, so it's not surprising that advocacy groups have been flooded with calls from people trying to understand exactly what will be allowed under state law as of July 1.

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LONDON (AP) — Retail sales in Britain slipped back in May as people ventured out to spend money at restaurants and pubs following the easing of coronavirus lockdown restrictions, official figures showed Friday.

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PHOENIX (AP) — A pair of Republican Arizona lawmakers who objected to a $1.9 billion tax cut in a $12.8 billion GOP budget deal were close Thursday to winning major concessions that would secure their support for the spending plan before the whole deal came to a halt over the tax cut's effects on city revenue.

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LONDON (AP) — Scotch single malt whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland's main exports in the wake of the resolution of a long-standing transatlantic trade row over subsidies to aircraft companies Boeing and Airbus.

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MOSCOW (AP) — Authorities in four Russian regions have made coronavirus vaccines mandatory this week for workers in retail, education and other service sectors, part of an effort to boost the country's low immunization rates as COVID-19 infections continue to soar.

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