Category Archives: Economy
UK Treasury chief pressured to explain wife’s tax status
LONDON (AP) — Britain’s Treasury chief faced pressure to explain his wife’s tax affairs Thursday after she acknowledged taking advantage of rules that allow many foreigners to escape U.K. taxes on their overseas income.
Biden bets strong job market will shield economy from slump
WASHINGTON (AP) — The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.
Nations to release millions of barrels of oil amid war
PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since
Manhattan DA: Trump criminal investigation is continuing
NEW YORK (AP) — Rejecting suggestions he has lost interest in going after Donald Trump, the Manhattan district attorney said Thursday a criminal investigation into the former president and his business practices is continuing “without fear or favor” de...
‘May not align:’ Guilbeault pens letter to Suncor over oilsands mine expansion GHGs
Federal Environment Minister Steven Guilbeault has warned Canada's biggest oilsands producer that its planned mine expansion may not meet climate targets. In a letter released Wednesday to Mark Little, the head of Suncor Energy Inc., Guilbeault says t...
Gunmen shoot deputy governor of Myanmar Central Bank
BANGKOK (AP) — A deputy governor of Myanmar’s Central Bank was shot at her home on Thursday, less than a week after tough new regulations were issued ordering that foreign money held in bank accounts in the military-ruled nation must
Sri Lanka medical group warns of catastrophic shortages
COLOMBO, Sri Lanka (AP) — Sri Lanka's national medical association warned Thursday that hospitals will be unable to provide even emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country's eco...
US moves to choke off exports to 3 Russian airlines
WASHINGTON (AP) — The Biden administration moved Thursday to choke off U.S. exports to three Russian airlines as part of what officials described as an unprecedented enforcement action.
Finland, Estonia eye floating LNG terminal to ensure supply
HELSINKI (AP) — Finland and Estonia said Thursday that they are jointly planning to rent a floating liquefied natural gas, or LNG, terminal to ensure supply in the two countries in efforts to break energy dependence on neighboring Russia.
EU approves Bulgaria’s post-pandemic recovery fund plan
SOFIA, Bulgaria (AP) — Brussels has given the green light to Bulgaria’s European Union-funded recovery and sustainability plan, European Commission President Ursula von der Leyen said during a visit to Sofia on Thursday.
