Category Archives: Economy
Worry about stagflation, a flashback to ’70s, begins to grow
WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines
Police arrested in crackdown on major Spanish drug gangs
MADRID (AP) — Spanish authorities have dismantled two major drug trafficking networks that used corrupt police officers as part of operations to ship tons of cocaine and hashish into Western Europe, the European Union’s law enforcement agency said Wedn...
German leader rules out nuclear option to fill energy gaps
BERLIN (AP) — German Chancellor Olaf Scholz said Wednesday that his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia's war in Ukraine.
OECD slashes global economic outlook on Russia-Ukraine war
LONDON (AP) — Russia's war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year, the Organization for Economic Cooperation and Development said Wednesday.
Live updates | Ukraine says Russia pounding Sievierodonetsk
KYIV, Ukraine — An adviser to Ukrainian President Volodymyr Zelenskyy’s office says Russian troops have changed their tactics in the battle for Sievierodonetsk. Oleksiy Arestovych
Irish leader sees no UK will to end Brexit trade standoff
BRUSSELS (AP) — The British government appears to have no political will to resolve its festering trade dispute with the European Union and risks endangering the hard-won peace in Northern Ireland, Irish Prime Minister Micheal Martin said Wednesday. ...
Which Conservatives could succeed UK’s Johnson if he falls?
LONDON (AP) — With British Prime Minister Boris Johnson dealt a heavy blow after surviving a no-confidence vote from his own Conservative Party, questions already are being asked about who might succeed him if he was forced from office.
Island nations facing ‘triple crisis,’ Barbados PM says during meeting with Trudeau
LOS ANGELES — The prime minister of Barbados evoked a Jamaican reggae legend Wednesday as she described in stark terms the "triple crisis" in her region that's threatening the health and welfare of the entire Western Hemisphere. "Bob Marley would say,...
Consultants to Russian oil, including PR and advertising, targeted in fresh sanctions
OTTAWA — Advertising and public-relations agencies have been banned for working for Russian oil and gas firms as part of a new wave of sanctions designed to increase pressure on the Putin regime. The latest round of sanctions following Russian Presiden...
Lavrov in Turkey to discuss plan to ship Ukrainian grain
ANKARA, Turkey (AP) — Russian Foreign Minister Sergey Lavrov is due to hold talks Wednesday with Turkish officials on a plan that could allow Ukraine to export its grain through the Black Sea to global markets amid an escalating food