New fuel efficiency regulations will double the fuel economy of cars by 2025. The new regulations were generally well-received by car manufacturers. Still, they acknowledge that it could be difficult and costly to achieve the new standards and they may change the way cars are manufactured.
The new plan to bolster the troubled euro currency was announced Thursday at a meeting in Frankfurt. ECB president Mario Draghi is under immense pressure to prevent the collapse of the 16-nation eurozone. The bank did not lower interest rates, as some investors hoped, but did unveil steps to ease the zone's debt crisis.
As climate change brings more drought and flooding, food prices are expected to keep spiking. Such spikes affect the poor the most, but especially the poor in Africa and the Middle East, says a new Oxfam report.
The ADP National Employment Report has shown solid, not spectacular, job growth for two straight months. Meanwhile, another report finds a 20-month low in layoff announcements. Friday, the government issues its figures on August unemployment and jobs.
A federal appeals court in New York has ruled the red soles of Christian Louboutin shoes are entitled to trademark protection. The glossy-soled shoes have been seen on movie stars like Sarah Jessica Parker. The ruling bars competitors from using red soles.
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