Category Archives: Business
Sievierodonetsk mayor says Russian forces seize half of city
SLOVIANSK, Ukraine (AP) — Russian forces in a “frenzied push” have seized half of Sievierodonetsk, the eastern Ukrainian city that is key to Moscow’s efforts to complete the capture of the industrial Donbas region, the mayor said Tuesday.
Eurozone inflation hits record 8.1% amid rising energy costs
LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia's war in Ukraine. Annual inflation
High prices, Asian markets could blunt EU ban on Russian oil
BRUSSELS (AP) — The European Union’s groundbreaking decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine is a blow to Moscow’s economy, but its effects may be blunted by rising energy prices
Turkish leader writes on ‘risks’ of Sweden, Finland in NATO
ISTANBUL (AP) — Turkey's president highlighted the activities of the Kurdistan Workers’ Party as part of his country's objections to Sweden and Finland joining NATO and said both nations doing so would carry security risks for Turkey.
Denmark holds referendum on EU defense amid Ukraine war
COPENHAGEN, Denmark (AP) — Historically skeptical about European Union efforts to deepen cooperation, Danish voters on Wednesday will choose whether to abandon the country's decision three decades ago to opt out of the bloc's common defense policy. ...
Shanghai moves toward ending 2-month COVID-19 lockdown
SHANGHAI (AP) — Shanghai authorities say they will take major steps Wednesday toward reopening China's largest city after a two-month COVID-19 lockdown that has set back the national economy and largely confined millions of people to their homes.
Biden plots inflation fight with Fed chair as nation worries
WASHINGTON (AP) — Focused on relentlessly rising prices, President Joe Biden plotted inflation-fighting strategy Tuesday with the chairman of the Federal Reserve, with the fate of the economy and his own political prospects increasingly dependent on th...
Crowd confronts cleric at Iran tower collapse that killed 33
DUBAI, United Arab Emirates (AP) — Protesters angry over a building collapse in southwestern Iran that killed at least 33 people shouted down an emissary sent by Supreme Leader Ayatollah Ali Khamenei, sparking a crackdown in which riot police clubbed
Biden to meet Fed chair as inflation bites pocketbooks
WASHINGTON (AP) — President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans' pocketbooks. The meeting
Manitoba proposes path to increase minimum wage above inflation
WINNIPEG — The Manitoba government is proposing legislation that would allow for a higher minimum wage to help people cope with inflation, but said it will consult with business and labour groups before deciding on an exact figure. "We are living
