Category Archives: Business

Russia says it will pay foreign debt in rubles after US ban

Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default. The U.S. Treasury

UK’s Johnson faulted for lockdown parties but won’t quit

LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full resp...

Turkey demands ‘concrete steps’ to back Nordics’ NATO bids

ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara's objections.

Russia takes steps to bolster army, tighten grip on Ukraine

KYIV, Ukraine (AP) — Russian President Vladimir Putin issued an order Wednesday to fast track Russian citizenship for residents of parts of southern Ukraine largely held by his forces, while lawmakers in Moscow passed a bill to strengthen the stretched...

Davos gathering overshadowed by global economic worries

DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks

Hungary proposes removing Russian oil embargo from EU agenda

BUDAPEST, Hungary (AP) — European Union efforts to impose an embargo on Russian oil faced more roadblocks Wednesday as Hungarian officials said they would not back the plan in its current form and recommended removing the topic from the agenda

China wants 10 Pacific nations to endorse sweeping agreement

WELLINGTON, New Zealand (AP) — China wants 10 small Pacific nations to endorse a sweeping agreement covering everything from security to fisheries in what one leader warns is a “game-changing” bid by Beijing to wrest control of the region.

Glencore pays up to $1.5B to resolve corruption claims

BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion.

Saving the children: War closes in on eastern Ukrainian town

BAKHMUT, Ukraine (AP) — Chunks of thick, twisted metal and wood splinters lie among the swings and slides in the playground outside a bombed-out school. Some streets away, a yellow bathtub dangles over the void left when part of an

Scars of war seem to be everywhere in Ukraine after 3 months

KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city.