World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 123
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China’s drought-hit areas get rain, bringing flood risks
More than 100,000 people had moved to safer areas by Monday as heavy rains brought flood risks to a region of southwest China that was devastated by a heatwave and drought for most of the summer.
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Foreign-based tire makers grow to invest more than $5 billion in Tennessee
The world's biggest tire manufacturers are boosting their investments and tire output in Tennessee with nearly $1.2 billion of additional investments announced in just the past week.
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Wall Street closes lower, adding to last week’s losses
Stocks closed broadly lower on Wall Street Monday, adding to their hefty losses from last week when the Federal Reserve pledged to keep interest rates high as long as it takes to tame inflation.
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LG, Honda to set up US joint venture to make EV batteries
Major South Korean battery maker LG and Japanese automaker Honda are investing $4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Monday.
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Tweaked COVID boosters close but how much will they help?
COVID-19 vaccines tweaked to better match today’s omicron threat are expected to roll out in a few weeks but still up in the air is how much benefit the booster shots will offer, who should get one -- and how soon.
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Inflation is driving Americans to bargain chain stores
Dollar Tree and Dollar General reported rising sales in the second quarter as four-decade high inflation drove more customers to bargain chain stores for everything from lightbulbs to groceries.
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Biden administration forecasts $1.03 trillion deficit, down $400 billion
The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic.
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Whistleblower accuses Twitter of cybersecurity negligence
A former head of security at Twitter alleged that the company misled regulators about its cybersecurity defenses, privacy protections and its ability to detect and root out fake accounts, according to a whistleblower complaint filed with U.S. officials.