Category Archives: Economy
Yellen calls for crypto regulation to reduce risks, fraud
WASHINGTON (AP) — Treasury Secretary Janet Yellen says more government regulation is needed to police the proliferation of cryptocurrency and ward off fraudulent or illicit transactions. One
Chinese hackers reportedly target India’s power grid
BANGKOK (AP) — India's power sector has been targeted by hackers in a long-term operation thought to have been carried out by a state-sponsored Chinese group, a U.S.-based private cybersecurity company detailed in a new report.
US diplomat: Mediterranean gas pipeline to Europe not viable
NICOSIA, Cyprus (AP) — A proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any
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.
