Category Archives: Economy
Russia, Turkey back plan to export grains; Ukraine doubtful
ANKARA, Turkey (AP) — Russia and Turkey voiced support Wednesday for a safe corridor in the Black Sea to allow Ukrainian grain exports, but Kyiv rejected the proposal, saying it was not credible. The European Union accused Moscow of “weaponizing”
‘Only God can help’: Hundreds die as Somalia faces famine
MOGADISHU, Somalia (AP) — No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one.
More bodies found in Mariupol as global food crisis looms
BAKHMUT, Ukraine (AP) — Workers pulled scores of bodies from smashed buildings in an “endless caravan of death” inside the devastated city of Mariupol, authorities said Wednesday, while fears of a global food crisis escalated over Ukraine’s inability t...
US solar companies weigh challenge to Biden pause on tariffs
WASHINGTON (AP) — U.S. solar manufacturers say they are considering legal challenges after President Joe Biden declared a two-year pause for tariffs on solar imports from Southeast Asia.
Texas AG strides into Twitter takeover drama to bolster Musk
WASHINGTON (AP) — State officials across the nation have taken on Big Tech companies in the courts and state legislatures, and federal regulators have nipped at Twitter over alleged violations of users’ data privacy.
FTC plans inquiry into pharmacy benefit manager practices
The Federal Trade Commission is starting an inquiry into the operations of pharmacy benefit managers who control access to prescription drugs for millions of Americans. The consumer
Treasury Secretary Yellen expects inflation to ‘remain high’
WASHINGTON (AP) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. She added that ...
No justice reform in Poland, no money, EU chief vows
BRUSSELS (AP) — The European Union’s chief executive vowed Tuesday that Poland would get no money from the bloc’s vast pandemic relief fund until the right-wing government rolls back measures deemed to limit the independence of the country’s judiciary....
Spain’s scandal-hit former king postpones second trip home
MADRID (AP) — Spain’s former king has decided to postpone a second visit home since he established residence abroad after his reputation was tarnished by financial scandal, Spanish news agency EFE reported Tuesday.
German minister rejects calls to tax growing oil profits
BERLIN (AP) — Germany's finance minister on Tuesday rejected calls by some in the country's governing parties to tax what they call “excessive profits” earned by oil companies since Russia's war in Ukraine spiked energy prices.