Category Archives: Economy
U.S. using Defense Production Act to kick-start domestic critical minerals production
WASHINGTON — President Joe Biden brandished one of the biggest weapons in his economic arsenal Thursday in hopes of turning the United States into a leading producer of electric-vehicle batteries and the minerals used to make them. Biden issued an ord...
Third federal loan guarantee finalized for N.L.’s troubled Muskrat Falls project
ST. JOHN'S, N.L. — Financing has been secured for Ottawa's third loan guarantee propping up a delay-plagued hydro project in Newfoundland and Labrador. The province's Crown energy corporation says CIBC has underwritten a $1-billion loan guaranteed by t...
Ukraine nuclear operator: Russian troops leave Chernobyl
LVIV, Ukraine (AP) — Russian troops were leaving the Chernobyl nuclear power plant and heading towards Ukraine's border with Belarus, the Ukrainian nuclear operator company said. The
Nevada gun manufacturer’s license is revoked after lawsuit
WASHINGTON (AP) — Federal officials have revoked the license of a Nevada-based gun manufacturer that was accused of illegally selling guns and went bankrupt but then rebranded itself.
German panel recommends booster for recipients of 4 vaccines
BERLIN (AP) — Germany's independent vaccination advisory panel is recommending a booster shot with a messenger RNA vaccine for people who have had a full course of four Chinese, Indian and Russian COVID-19 vaccines that aren't currently approved for us...
Bargainers: Bipartisan deal near on trimmed $10B COVID bill
WASHINGTON (AP) — Lawmakers moved to the brink Thursday of shaking hands on a scaled-back bipartisan compromise providing a fresh $10 billion to combat COVID-19, a deal that could set up final congressional approval next week.
Kremlin demands rubles for gas, EU leaders push back
BERLIN (AP) — Russian President Vladimir Putin insisted Thursday that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency but one that European leaders say they will not comply
As Russia sees tech brain drain, other nations hope to gain
VILNIUS, Lithuania (AP) — Russia’s tech workers are looking for safer and more secure professional pastures. By one estimate, up to 70,000 computer specialists, spooked by
US airport security screening to become more gender-neutral
WASHINGTON (AP) — U.S. airport security procedures will become more gender-neutral, with changes to scanners used for screening and the use of an “X” for travelers going through Precheck who do not identify as male or female, the Biden administration
OPEC sticks to modest boost in oil despite war jitters
LONDON (AP) — OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans
