Category Archives: Economy

West mulls having Russian oligarchs buy way out of sanctions

BERLIN (AP) — Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter.

Worry about stagflation, a flashback to ’70s, begins to grow

WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines

Trump loses appeal, must testify in New York civil probe

NEW YORK (AP) — Former President Donald Trump must answer questions under oath in New York state’s civil investigation into his business practices, a state appeals court ruled Thursday.

Sri Lankan leader seeks world’s help during financial crisis

TOKYO (AP) — Sri Lankan President Gotabaya Rajapaksa asked for urgent international help on Thursday as his country suffers from a financial crisis. “We are presently undergoing

Canada’s transport minister detects ‘shift’ in U.S. outlook after meetings in D.C.

WASHINGTON — Transport Minister Omar Alghabra says he is detecting a positive "shift" in the Biden administration's approach to Canada following meetings in the U.S. capital.  Alghabra spent Tuesday in Washington, D.C., with officials including U.S. co...

Thai leader: Asia is gaining strategic, economic importance

TOKYO (AP) — Thai Prime Minister Prayuth Chan-ocha said Thursday that a new U.S.-backed economic pact is further proof of how important and relevant Asia is today.

Davos Voices: What leaders say about climate change, war

DAVOS, Switzerland (AP) — Corporate buzzwords. Technical jargon. Bold but vague pronouncements about climate change and Russia's war in Ukraine. The World Economic Forum's annual gathering of

Spain vows legal reforms in wake of spying allegations

MADRID (AP) — The Spanish government will tighten judicial control over the country’s intelligence agency, Prime Minister Pedro Sánchez said Thursday, weeks after the agency admitted it had spied on several pro-independence supporters in the region of ...

Turkish central banks keeps rate at 14% despite inflation

ISTANBUL (AP) — Turkey’s central bank kept its main interest rate unchanged for a fifth month running on Thursday despite an annual inflation rate of nearly 70%.

UK touts help for energy bills; seeks to forget ‘partygate’

LONDON (AP) — Britain's Conservative government unveiled a 15 billion pound ($19 billion) emergency aid package Thursday to ease a severe cost-of-living squeeze, announcing the plan a day after Prime Minister Boris Johnson vowed to “move on” from a mon...