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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

With Britain out, the unwieldy EU faces major budget battle

By RAF CASERT | February 14, 2020

BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and...

China’s virus crackdown leaves millions working at home

By JOE McDONALD | February 14, 2020

BEIJING (AP) — In the middle of a phone call with a customer, an important visitor knocks on Michael Xiong's door: his 3-year-old son.Xiong, a salesman in Chibi, a city near the center of a virus outbreak, is one of millions of people in China who are...

Asian stocks rebound from early losses as virus toll grows

By YURI KAGEYAMA | February 14, 2020

Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population.The Nikkei 225 fell 0.6% in morning trading to 23,683.44....

New Mexico bid for recreational marijuana is all but doomed

By MORGAN LEE | February 13, 2020

SANTA FE, N.M. (AP) — New Mexico's bid to become the 12th U.S. state to legalize recreational use of marijuana abruptly fell flat after state senators in a legislature dominated by Democrats rejected a bill that would have forced permission for sales...

South Africa seeks more renewable energy amid power cuts

By MOGOMOTSI MAGOME | February 13, 2020

JOHANNESBURG (AP) — South Africa’s president said Thursday the coal-dependent country will turn to more renewable energy as one way to help ease power cuts that have “severely set back” efforts to rebuild the weak economy. But he warned of more...

While US worries about China, Europe stays focused on Russia

By ROBERT BURNS | February 13, 2020

BRUSSELS (AP) — China and its increasingly sophisticated and far-flung military sit atop U.S. Defense Secretary Mark Esper's list of international security worries, but in Europe a bigger concern is closer to home: Russia.The Trump administration has...

UK Treasury chief quits as Johnson shakes up Cabinet

By JILL LAWLESS | February 13, 2020

LONDON (AP) — British Prime Minister Boris Johnson tightened his grip on the government Thursday with a Cabinet shake-up that triggered the unexpected resignation of his Treasury chief, the second-most powerful figure in the administration.Sajid Javid's...

Bloomberg once blamed end of ‘redlining’ for 2008 collapse

By BRIAN SLODYSKO | February 13, 2020

WASHINGTON (AP) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown.“It all started back...

Global shares fall as virus cases spike in China

February 13, 2020

LONDON (AP) — Global shares mostly fell Thursday after China reported a spike in COVID-19 cases. The shock resignation of Britain's Treasury chief further knocked U.K. share prices.China reported 254 new deaths and an increase in virus cases of 15,152,...

France warns of dent to world economy from virus outbreak

February 13, 2020

PARIS (AP) — France's government calculates that the deadly virus outbreak in China will shave at least 1 percentage point off the growth this year of the world's second largest economy, hurting global economic growth too.The French economy minister,...

Argentina and IMF discuss debt in shadow of 2001 crisis

By DÉBORA REY and CHRISTOPHER TORCHIA | February 12, 2020

BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund.This is a big week for...

Solid earnings send stock indexes higher on Wall Street

By ALEX VEIGA | February 12, 2020

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs.Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest...