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EU leaders grapple with bank risks as economy weakens

Published Sat, 22 Feb 2025 04:22:32 GMT

BRUSSELS (AP) — European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine.The deliberations by EU government heads in Brussels follow U.S. regulators shutting down two U.S. banks, including Silicon Valley Bank, and a Swiss-orchestrated takeover of troubled lender Credit Suisse by rival UBS.The emergency actions on both sides of the Atlantic revived memories of the 2008 global financial meltdown and the ensuing EU sovereign debt crisis, which almost broke apart the euro currency now shared by 20 European countries.“For the moment, we see no reason to be worried,” Belgian Prime Minister Alexander De Croo told reporters on his way to the EU meeting. “But we monitor it really closely, almost on a daily basis, because no one knows what can happen.”The European economy has been slowing rapidly since Russia invaded Ukraine 13...

Protests continue in France; British king’s visit postponed

Published Sat, 22 Feb 2025 04:22:32 GMT

PARIS (AP) — Protesters angry at French President Emmanuel Macron’s pension reforms continued with scattered actions on Friday, as the unrest across the country led officials to postpone a planned state visit by Britain’s King Charles III.Although no major protests were planned on Friday, train traffic was slowed, rows of trucks blocked access to Marseille’s commercial port and debris still littered the Paris streets following the previous day’s mass demonstrations. Over 450 protesters were arrested in Paris and beyond on Thursday as some 300 demonstrations drew more than a million people nationwide to protest against unpopular pension reforms.Interior Minister Gerald Darmanin said Friday that some 441 police and gendarmes were injured as violence marred some marches. He added that 1,000 trash bins were set on fire in the French capital during the previous day’s action. Amid a weeks-long refuse collectors strike, trash bins have become a symbol of the protest...

In Your Debt: Doing the bare minimum with debt can cost you

Published Sat, 22 Feb 2025 04:22:32 GMT

When you’re carrying a credit card balance, paying at least the minimum due each month is certainly a start. If those payments aren’t making your overall budget feel squeezed, you have all the more reason to put payments on autopilot and not think about the total cost of your debt.“Our pace of life has gotten really busy,” says Delia Fernandez, a certified financial planner and the founder and president of Fernandez Financial Advisory LLC in Los Alamitos, California. “There’s always something that’s more important, particularly for these people who are not in a financial crisis.”But that inertia can cost you, especially with average credit card interest rates reaching 20.4% as of November 2022, according to the Federal Reserve. NerdWallet’s 2022 American Household Credit Card Debt Study, conducted by Harris Poll, found that U.S. households with revolving credit card debt are paying an average of $1,380 in interest this year.There is good news, though: Dedicating even a small amount ...

Charges pending after 3 juveniles crash stolen vehicle on South Side

Published Sat, 22 Feb 2025 04:22:32 GMT

CHICAGO — Three male juveniles were injured in a crash involving a stolen vehicle on the city's South Side.The incident happened around 9:18 p.m. Thursday in the 8300 block of South State Street in the Chatham neighborhood.Upon arrival, officers observed two vehicles involved in the crash. According to police, further investigation revealed that a red sedan traveling northbound struck a vehicle heading eastbound on 83rd Street. 4 hospitalized after car crashes into Crystal Lake restaurant Police said the striking vehicle was later identified as stolen. The three male juveniles inside that vehicle were placed into custody and transported to Comer Children’s Hospital and St. Bernard Hospital in good condition with minor injuries. The driver of the other vehicle was not injured. Charges are pending.

Winter Weather Advisory issued early Saturday morning

Published Sat, 22 Feb 2025 04:22:32 GMT

CHICAGO — Cloudy conditions Friday with temperatures in the mid-40s. Winds: ENE 5-10 G15. High: 44. Interactive Radar: Track showers and storm here Rain tonight with early morning rain and snow possible. Winds: ENE 10-15 G25. Low: 34.A Winter Weather Advisory has been issued from 4 a.m. to 1 p.m. Saturday for Kane, DeKalb, Lake, McHenry counties.Breezy conditions are expected with a mix of rain and accumulating snow. Snowfall totals range from one to six inches in some places. Winds: WNW 10-15 G30. High: 37.Full forecast details at the WGN Weather Center

Rain this morning, sunshine this afternoon

Published Sat, 22 Feb 2025 04:22:32 GMT

AUSTIN (KXAN) -- The weather was quiet during the overnight hours. Mason and San Saba Counties were under a Severe Thunderstorm Watch until 6 a.m. No severe weather ever affected these two counties. Thunderstorms moved in to western San Saba County around 5:30 a.m. with no severe weather, just lightning.Gusty south winds have howled across the area during the overnight hours with some gusts between 20 and 25 mph. Gusty west winds will be noted this afternoon drying out the air. The warming wind will send today's highs soaring to the low to mid 80s with very low humidity.Strong west winds will help result in highs in the low to mid 80s todayA bright and warm weekend is ahead for all of the area. Highs will be in the upper 70s to low 80s both days. Saturday will be sunny. Sunday will start out partly cloudy but end mostly sunny.Low rain chances will be in the Monday to Wednesday forecast with an increasing chance of showers and thunderstorms Thursday. Highs will average the middle 70s...

QUIZ: Do you know Texas' official state symbols?

Published Sat, 22 Feb 2025 04:22:32 GMT

AUSTIN (KXAN) — Did you know that peach cobbler is the official state cobbler of Texas?Or that Texas blue topaz is the official state gem? Or that petrified palmwood is the official state stone of Texas?Texas has no less than 76 state symbols or designations, according to the Texas State Library and Archives Commission, everything from state cooking implement to state hashtag (by the way, there are three - one for the state as a whole, one for tourism and one for the Texas Legislature). ‘It’s a Texas thing’: Why do Texans love Texas so much? Put your #Texas knowledge to the test in our quiz to see if you know your state flower from your state plant. You'll find out if you're Texan through and through or someone who just crossed the state line. Sorry, you are using an unsupported browser. This page will not display correctly. Please click here to upgrade to a newer browser. /**/Here's the full list of state symbols, as determined by the state legislature. No peeking before ta...

Regional Food Bank plans Hudson Valley expansion

Published Sat, 22 Feb 2025 04:22:32 GMT

LATHAM, N.Y. (NEWS10) — The Regional Food Bank of Northeastern New York has finalized the purchase of land in the historic village of Montgomery for its new distribution facility in the Hudson Valley. Get the latest, news, weather, sports and community events delivered right to your inbox! The Food Bank's current site in Cornwall-on-Hudson can no longer keep up with the growing demand to provide food to those in need in the Hudson Valley. Backed by a Community Development Block Grant, the Food Bank will be building a new, 40,000-square-foot distribution center. “This is an exciting step forward in improving our ability to serve the needs of our food-insecure neighbors in the Hudson Valley," said Molly Nicol, CEO of the Regional Food Bank. "We are grateful to the entire team who are working so hard to make this vision a reality.” Participating restaurants for Hudson Valley Restaurant Week The new distribution center will be built on land once owned by Nick Fitzpatrick of Aden Br...

5 things to know this Friday, March 24

Published Sat, 22 Feb 2025 04:22:32 GMT

ALBANY, N.Y. (NEWS10) — As the well-known saying goes, "March comes in like a lion and goes out like a lamb." Compare the mid-month snowstorm to that happening this weekend, and the saying rings true, according to Meteorologist Jill Szwed. Get the latest, news, weather, sports and community events delivered right to your inbox! A fire tore through the former Doane Stuart campus in Albany Thursday night. And earlier that afternoon, a man died in Bennington Police custody. The details top this morning's five things to know. 1. Fire tears through former Doane Stuart buildingThe calls for a fully-involved structure fire came in around 6:30 p.m. Thursday. Flames ripped through the entire building and were shooting into the air. Smoke could also be seen for miles. Fire tears through former Doane Stuart building 2. Man dies after being arrested by Bennington PoliceAccording to a press release from Vermont State Police, a man died Thursday afternoon after he was arrested by the Benning...

Man accused of killing grandparents set for charges today

Published Sat, 22 Feb 2025 04:22:32 GMT

ST. LOUIS - Murder charges are expected to be filed Friday against Davionne McRoberts, the man accused of killing his grandparents in Troy, Missouri on Tuesday.The Lincoln County prosecuting attorney told our partners at the St. Louis Post-Dispatch that the 24-hour hold period expires at 3:00 p.m. The prosecutor shared that during the manhunt to find McRoberts on Wednesday, the 25-year-old walked into a psychiatric hospital, covered in blood, seeking to commit himself. Top Stories: Jana Elementary School shuts down after radioactive waste concerns He was kept there under police guard until he was arrested at 3:00 p.m. Thursday.