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Milan is ready to party, with menswear shows for next spring and winter focused on nighttime tailoring with playful accents MILAN -- Milan is ready to party , with menswear shows for next spring and winter focused on nighttime tailoring with playful accents. Think sparkles and glitter, fun silhouettes that invite shadow dancing, and sexy peeks at skin with tailoring tricks once reserved for the female wardrobe. Some highlights from Saturday’s shows on the second day of Milan Fashion Week. DOLCE & GABBANA BACK TO BLACK If you just looked at color, it was back to basics at Dolce &Gabbana: The entire collection for next winter was in mostly black monochromes, all the better for nighttime play. Gray and white monochromes played a supporting role. While light on bling, the looks were anything but basic. Designers Domenico Dolce and Stefano Gabbana created a collection built around tailoring, with the late-night synchronic club beats in mind. Long overcoats or dramatic capes will ge...

Swedish Prime Minister Ulf Kristersson has denounced a protest by Kurds in central Stockholm where an effigy of Turkey’s president was hung from a lamppost as an act of “sabotage” against Sweden’s bid to join NATO ANKARA, Turkey -- Swedish Prime Minister Ulf Kristersson on Friday denounced a protest by Kurds in central Stockholm, where an effigy of Turkey's president was hung from a lamppost, as an act of “sabotage” against Sweden's bid to join NATO. The protest outside City Hall on Wednesday drew an angry backlash from Turkey, a NATO member which already had held off on approving Sweden's application to become part of the Western military alliance until the government in Stockholm satisfies its demands. The speaker of Turkey’s parliament, Mustafa Sentop, canceled a visit by Andreas Norlén, the speaker of the Swedish parliament, that was scheduled for next Tuesday. Turkish lawmakers need to ratify Sweden’s NATO application for the Nordic nation to become a member. Turkey ...

Universal Parks & Resorts is bringing a theme park to Texas that will focus on entertaining young children FRISCO, Texas -- Universal Parks & Resorts is bringing a theme park to Texas that will focus on entertaining young children, officials announced Wednesday. The “one-of-a-kind” park in the Dallas suburb of Frisco will include attractions, interactive shows and opportunities for meet-and-greets with characters, the company said in a news release. It is expected to be about a quarter of the size of the company's large Orlando theme parks, according to Page Thompson, the company’s president of new ventures. “Even though it may be smaller in terms of acreage than our other parks, the quality of it, the level, worthy of the Universal name," Thompson said during a news conference in Frisco. Universal Parks & Resorts recently purchased 97 acres (39 hectares), where the park and a 300-room hotel will be located, officials said. Also on Wednesday, the company announc...

The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to ... WASHINGTON -- The Federal Reserve has only a limited role to play in combating climate change , Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks worldwide to take steps to restrict lending to energy companies. Maintaining the Fed’s independence, Powell said, includes steering clear of issues that are more properly overseen by elected officials. “Without explicit congressional legislation, it would be inappropriate for us to use our monetary policy or supervisory tools to promote a greener economy or to achieve other climate -based goals,” Powell said during a panel discussion in Stockholm on the subject of central bank independence. “We are not, and will not b...

Near-historic inflation has drawn attention to the cost of affording the basics. Near-historic price increases for basics like food and gas have drawn scrutiny to a question at the heart of the economy: How much money must a worker make to stay afloat? The price of eggs has risen nearly 50% over the last year; while the cost of milk and bread have each jumped about 15%. Even after falling from a summer peak, gas prices remain 10% higher than a year ago. While price increases have slowed in recent months, they continue to hover near a 40-year high. For some, a pay hike has softened the blow. Nearly half of U.S. states raised their minimum wages at the outset of 2023. Meanwhile, some major companies have recently upped their entry-level pay. Target, for instance, hiked its base wage to $24 an hour last year. As cost increases persist and workers try to keep up, buzzwords like “poverty wage,” “minimum wage” and “living wage” are coming back into the lexicon, shaping conversations about wh...

China will not include Pfizer’s COVID-19 treatment drug in a national reimbursement list that would have allowed patients to get it at a cheaper price throughout the country, saying it was too expensive TAIPEI, Taiwan -- China's Health care authorities declined to include Pfizer's COVID-19 treatment drug in a national reimbursement list that would have allowed patients to get it at a cheaper price throughout the country, saying it was too expensive. Paxlovid, an oral medicine developed by New York-based drugmaker Pfizer, has been widely sought after in China since the country began phasing out its “zero-COVID” restrictions and a surge of infections started sweeping through the country. Although it is supposed to be prescribed by medical professionals, that hasn't stopped people scrambling to purchase it on their own through any means at their disposal — including buying generic Indian versions of the drug through the internet, according to local media reports. Health ...

After two years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure to be among the first in line following the reopening of border crossing points BEIJING -- After two years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure to be among the first in line following the reopening of border crossing points Sunday. The ability of residents of the semi-autonomous southern Chinese city to cross over is one of the most visible signs of China’s easing of border restrictions, with travelers arriving from abroad also no longer required to undergo quarantine. “I’m hurrying to get back to her,” Cheung, lugging a heavy suitcase, told The Associated Press as he prepared to cross at Lok Ma Chau station. Travelers crossing between Hong Kong and mainland China, however, are still required to show a negative COVID-19 test taken within the last 48 hours — a measure China has protested when imposed by other countries. Hong K...

Prosecutors launched a website to notify Sam Bankman-Fried's alleged victims of his FTX company. There are so many victim s of the fraud alleged ly per Pet rated by FTX founder Sam Bankman-Fried federal prosecutors said it would be impractical for them to individually notify all of them. So, late Friday, the judge overseeing the case authorized an alternative method. Judge Lewis Kaplan allowed prosecutors to establish a website to inform alleged victim s of their rights and of the schedule of proceedings in the case. "If you believe that you may have been a victim of fraud by Samuel Bankman-Fried, AKA "SBF," please contact the victim/witness coordinator at the United States Attorney's office," the website said. MORE: FTX crypto CEO Sam Bankman-Fried pleads not guilty in Manhattan federal court The number of FTX investors and customers who prosecutors have said collectively lost $8 billion is likely to exceed 1 million. Federal law requires prosecutors t...

A former University of Southern California athletics department official who accepted bribes from the ringleader of the nationwide college admissions bribery scandal to help get often unqualified students into the school as sports recruits has been sen... BOSTON -- A former University of Southern California athletics department official who accepted bribes from the ringleader of a nationwide college admissions Scandal to help get often unqualified students into the school as Sports recruits was sentenced Friday to six months in prison. Donna Heinel was also sentenced in U.S. District Court in Boston to two years of probation and was ordered to forfeit $160,000. Her sentencing came just two days after ringleader Rick Singer was sentenced to 3 1/2 years in prison, by far the longest sentence in the so-called Operation Varsity Blues Scandal that has led to convictions or guilty pleas from more than 50 people, including Hollywood actors and wealthy Business people. The scheme involve...

Silvergate, a California bank that deals mostly in Cryptocurrency transactions, saw its stock fall 48 percent on Thursday, Jan. 5 after the Wall Street Journal reported that the collapse of the FTX crypto exchange in November 2022 caused a run on the bank. When the FTX crypto exchange declared bankruptcy, Silvergate was forced to sell assets at a heavy loss to cover $8.1 billion in withdrawals. FTX was a Silvergate client and companies controlled by founder Sam Bankman-Fried accounted for about $1 billion of the bank’s deposits. Silvergate is under intense scrutiny over its relationship with FTX and Bankman-Fried’s crypto-trading firm, Alameda Research, Wall Street Journal reported. Its tanking stock price is helping intensify fears that the FTX collapse may have a broader impact on the financial system. “The worst-case scenario seems to have come to pass” for Silvergate, said Jared Shaw, an analyst at Wells Fa...

Oklahoma has entered into four new settlements with opioid makers and distributors totaling more than $226 million OKLAHOMA CITY -- Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million, Attorney General John O'Connor announced Wednesday. Including the new settlements with drugmaker Allergan and pharmacy chains CVS, Walgreens and Walmart, Oklahoma has received more than $900 million from opioid makers and distributors to help address the state's opioid crisis, O'Connor said. “The opioid crisis has inflicted unspeakable pain on Oklahoma families and caused the deaths of thousands of Oklahomans,” O'Connor said in a statement. “Between 2016 and 2020, more than 3,000 Oklahomans died from opioid overdoses." Nearly all the settlement funds must be used to help remediate the affects of the opioid crisis in Oklahoma, including prevention and treatment services. In November, three of the lar...

Asian stock markets are higher ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more interest rate hikes to cool inflation BEIJING -- Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating plans for more interest rate hikes to cool inflation. Shanghai, Hong Kong, Seoul and Sydney advanced. Tokyo retreated. Oil prices were little-changed. Wall Street fell Tuesday in the year's first trading day after recording its biggest annual decline in 14 years in 2022. Traders worry the Fed and other central banks might be willing to push the world into recession to extinguish inflation that is at multi-decade highs. They hope minutes from the Fed's December meeting might show policymakers are reducing or delaying planned rate hikes due to signs economic activity is slowing. “While the Fe...

Stocks closed higher on Wall Street following a batch of mixed news on the economy NEW YORK -- A choppy day on Wall Street ended with broad gains for stocks Friday, though most of the major indexes wound up with their third weekly loss in a row. Mixed economic news weighed on stocks early on, but the indexes rebounded by late afternoon amid relatively light trading ahead of a long holiday weekend. The S &P 500 reversed a 0.7% loss to close 0.6% higher . With one week left of trading in 2022, the benchmark index is down 19.3% for the year. The Dow Jones Industrial Average rose 0.5% and the Nasdaq composite eked out a 0.2% gain. The S &P 500 and Nasdaq posted their third straight weekly loss. Markets are in a tricky situation where relatively solid consumer spending and a strong employment market reduce the risk of a recession but also raise the threat of higher interest rates from the Federal Reserve as it presses its campaign to crush inflation. The government reported Friday...