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Economy

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LONDON (AP) — Households in Britain, especially poorer ones, are far more likely to have suffered a severe income shock during the coronavirus pandemic over the past year than their counterparts in France and Germany, a well-respected British-based think tank said Wednesday.

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FRANKFURT, Germany (AP) — Germany's top court has refused to issue an injunction blocking the country's participation in the European Union's 750 billion-euro (more than $900 billion) coronavirus recovery fund, clearing the way for the launch of the fund and its common borrowing aimed at supporting green and digital economic development.

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BANGKOK (AP) — The European Union expanded its sanctions against Myanmar’s military leaders and army-controlled companies ahead of a regional meeting to discuss the worsening crisis after army leaders deposed the elected government.

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BEIJING (AP) — Chinese President Xi Jinping on Tuesday called for more equitable management of global affairs and, in an implicit rejection of U.S. dominance, said governments shouldn’t impose rules on others.

ALBUQUERQUE, N.M. (AP) — Consumer advocacy groups, environmentalists and the New Mexico attorney general’s office are concerned about a proposed multibillion-dollar merger of the state’s largest electric utility with a U.S. subsidiary of global renewable energy giant Iberdrola.

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