Category Archives: Economy
India to boost arms output, fearing shortfall from Russia
NEW DELHI (AP) — India on Thursday said it would ramp up its production of military equipment, including helicopters, tank engines, missiles and airborne early warning systems, to offset any potential shortfall from its main supplier Russia.
N.L. budget forecasts $351-million deficit, drop in oil revenues
ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing. Provincial net debt is...
Liberals set to unveil 2022 federal budget that promises billions in new spending
OTTAWA — The federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies. Finance
Spain PM in Morocco to mend ties after Western Sahara shift
RABAT, Morocco (AP) — Spanish Prime Minister Pedro Sánchez traveled to Rabat on Thursday to meet with Moroccan King Mohammed VI seeking to mark the end of diplomatic tensions centered on Morocco’s disputed region of Western Sahara.
Live Updates | First Bushmaster vehicle is headed to Ukraine
CANBERRA, Australia — The first of 20 Bushmaster armored vehicles has left Australia for Ukraine, one week after Ukrainian President Volodymyr Zelenskyy specifically requested the Australian-manufactured four-wheel drives.
Congress votes to suspend Russia trade status, enact oil ban
WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.
Senate to vote on revoking Russia’s trade status, oil ban
WASHINGTON (AP) — The Senate will take up legislation Thursday to end normal trade relations with Russia and to ban the importation of its oil, Senate Majority Leader Chuck Schumer announced Wednesday.
Six-days-a-week mail delivery saved; Biden signs Postal bill
WASHINGTON (AP) — A sweeping overhaul of the U.S. Postal Service meant to shore up the popular but beleaguered agency's financial future and cement six-days-a-week mail delivery was signed into law Wednesday by President Joe Biden.
Feds try to avoid Australian pitfalls in online news bill
OTTAWA — The Canadian government says it has learned from Australia's experience when it comes to requiring online giants to pay news outlets to use their journalism, and has framed its bill to avoid the country's pitfalls. Heritage Minister Pablo
EXPLAINER: A look at West’s escalating sanctions on Russia
The United States and European allies are again escalating sanctions on Russia after the discovery of evidence that Russian troops executed civilians in a town near Kyiv.
