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Amazon to invest in Diamond Sports as part of bankruptcy restructuring agreement

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.

Diamond owns 18 networks under the Bally Sports banner. Those networks have the rights to 37 professional teams — 11 baseball, 15 NBA and 11 NHL.

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Ukraine needs money from US and Europe to keep its economy running

Ukraine's hard-won economic stability is under threat again as the government faces a large budget hole and its two biggest allies and sponsors — the United States and the European Union — have so far failed to decide on extending more aid.

Without pledges of support by the start of February — when EU leaders meet to decide on aid — and if no money arrives by March, that could risk the progress Ukraine has made against inflation. It has helped ordinary people keep paying rent, put food on the table and resist Russia's efforts to break their society's spirit.

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Davos hosts top diplomats of US, Iran on day 2 of World Economic Forum

The top diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the World Economic Forum's annual meeting saunters into a busy second day on Wednesday.

The elite gathering in the Swiss ski resort of Davos takes a turn toward the environmental and climate concerns that have animated plea after plea from U.N. Secretary-General Antonio Guterres for the world to come together do take more united action against global warming — after a record-hot year in 2023.

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German farmers drive thousands of tractors into Berlin in protest against fuel subsidy cuts

Farmers drove thousands of tractors into Berlin on Monday in the climax of a week of demonstrations against a plan to scrap tax breaks on the diesel they use, a protest that has tapped into wider discontent with Germany's government.

Columns of tractors rolled through the capital ahead of the demonstration at the landmark Brandenburg Gate. Over the past week, farmers have blocked highway entrances and slowed traffic across Germany with their protests, intent on pushing Chancellor Olaf Scholz's government to abandon the planned cuts entirely.

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Shares fall in Europe after gains in Asia, US markets closed for holiday

European markets opened lower while Asian markets were mostly higher on Monday as the week got off to a mixed start.

U.S. markets will be closed for Martin Luther King Day, a holiday.

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Europe's biggest economy shrank last year as Germany struggles with multiple crises

Germany's economy shrank 0.3% last year as Europe's former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis.

Europe's largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. The International Monetary Fund expected Germany to be the worst-performing major developed economy last year, a major turnaround from its place as a model for how to expand when other nations were struggling.

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The world could get its first trillionaire within 10 years

The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.

Oxfam, which for years has been trying to highlight the growing disparities between the super-rich and the bulk of the global population during the World Economic Forum's annual meeting, reckons the gap has been "supercharged" since the coronavirus pandemic.

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Conflict, climate change and AI get top billing at elite meeting in Davos

The Earth is heating up, as is conflict in the Middle East. The world economy and Ukraine's defense against Russia are sputtering along. Artificial intelligence could upend all our lives.

The to-do list of global priorities has grown for this year's edition of the World Economic Forum's gabfest of business, political and other elites in the Alpine snows of Davos, Switzerland, which runs Tuesday through Friday.

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US inflation edges up, fueled by energy and housing prices

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.

Thursday's report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November. The December figures came in slightly above economists' forecasts.

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Economy tops US priorities for government across racial groups

Americans of various racial backgrounds largely agree that the government should focus on the economy and foreign policy issues in 2024, but recent polling shows that views among racial groups diverge on some high-profile topics, including racism and immigration.

About 7 in 10 U.S. adults across racial backgrounds — including white, Black, Hispanic and Asian adults — name issues related to the economy in an open-ended question that asks people to share up to five topics they would like the government to prioritize in 2024, making it the most commonly mentioned issue for each group, as well as for U.S. adults overall at 76%.

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