Category Archives: Business
Indonesian leader reshuffles Cabinet amid rising food prices
JAKARTA, Indonesia (AP) — Indonesian President Joko Widodo announced a Cabinet reshuffle on Wednesday, replacing key economic ministers amid a national cooking oil shortage and rising food prices.
Biden tells oil refiners: Produce more gas, fewer profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
EU sues UK over move to rewrite post-Brexit trade rules
BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country exited bloc two years ago, ratcheting up tensions between the major economic partners.
Russia’s economic forum to be far smaller but moves forward
MOSCOW (AP) — Organizers of Russia's showpiece investment gathering are telling foreign participants to be sure to bring cash — not necessarily for making investments, but for spending money.
Britain vows more Rwanda deportation flights after setback
LONDON (AP) — The British government vowed Wednesday to organize more flights to deport asylum-seekers from around the world to Rwanda, after a last-minute court judgment grounded the first plane due to take off under the contentious policy.
Railroad talks stall, so Biden likely to pick review board
OMAHA, Neb. (AP) — Railroad contract talks remain deadlocked after more than two years of negotiations, so President Joe Biden will likely soon have to appoint a board to help settle the dispute.
NBA Finals, Jan. 6 hearing lead ABC to ratings win
NEW YORK (AP) — ABC was the top-rated television network last week largely behind the NBA Finals, and its news division won bragging rights for the first prime-time hearing of the congressional committee investigating the Jan. 6, 2021 riot at
NY high court nixes Trump appeal, clearing way for testimony
NEW YORK (AP) — New York’s highest court on Tuesday rejected former President Donald Trump’s last-ditch effort to avoid testifying in the state attorney genera l’s civil investigation into his business practices, clearing the way for his deposition nex...
Biden focuses on workers as high inflation remains a risk
PHILADELPHIA (AP) — President Joe Biden told the largest federation of labor unions on Tuesday that he's working to rebuild the U.S. economy around workers, an attempt to draw a contrast with Republicans who have increasingly attracted blue-collar vote...
Russia lowers gas flows to Europe with part stuck in Canada
Russian natural gas deliveries through a key pipeline to Europe will drop by around 40% this year, state-controlled energy giant Gazprom said Tuesday, after Canadian sanctions over the war in Ukraine prevented German partner Siemens Energy from deliver...