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Business & Economy

In this July 21, 2021, file photo, a consumer shops at a retail store in Morton Grove, Ill. The fastest inflation in 40 years squeezed retailers during the first quarter, alarming investors worried about the broader economy's outlook. Earnings reports from Walmart, Target and Amazon this month showed higher costs are hurting retailers' operations. (AP Photo/Nam Y. Huh) ** FILE **

U.S. economy shrank by 1.5% in Q1, but consumers kept spending

- Associated Press

The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace, the government reported Thursday in a slight downgrade of its previous estimate for the January-March quarter.

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Lawyer Kenichi Ido, second left, sitting among other lawyers representing plaintiffs who were children in Fukushima at the time of the 2011 nuclear disaster and later developed thyroid cancer, speaks during a news conference after a trial in Tokyo, Thursday, May 26, 2022. A Tokyo court began hearing a case Thursday seeking nearly $5 million in damages for six people who lived as children in Fukushima and developed thyroid cancer after its 2011 nuclear disaster. (AP Photo/Mari Yamaguchi)

Cancer patients seek damages from Fukushima nuclear plant

- Associated Press

A Tokyo court began hearings Thursday in a lawsuit seeking nearly $5 million in damages for six people who were children in Fukushima at the time of its 2011 nuclear power plant disaster and later developed thyroid cancer.

German chancellor Olaf Scholz speaks at the World Economic Forum in Davos, Switzerland, Thursday, May 26, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Davos ends with Germany pushing global work on climate, war

- Associated Press

German Chancellor Olaf Scholz expressed hopes Thursday for global cooperation on climate change, hunger and war, while dozens of climate activists demonstrated in the Swiss town of Davos as a meeting of global elites ended with many words but little concrete action to solve the world's most pressing crises.

Dina walks out of her home ruined by shelling in Horenka, on the outskirts Kyiv, Ukraine, Wednesday, May 25, 2022. (AP Photo/Natacha Pisarenko)

Live updates | Separatist: More Ukraine fighters at Azovstal

- Associated Press

MOSCOW - The head of the Russia-backed separatist region in eastern Ukraine says that there may be more Ukrainian fighters hiding at the sprawling Azovstal steel mill in Mariupol, even after Moscow officially declared the operation of taking control over it successful and completed.