Category Archives: Economy
EU and UK hit Russia with wider sanctions that target luxury
BRUSSELS (AP) — Pure-bred horses, truffles, a soccer club owner and a media company chief. New European Union sanctions against Russia on Tuesday sought to deny oligarchs
EU imposes sanctions on Chelsea owner Roman Abramovich
BRUSSELS (AP) — The European Union imposed sanctions Tuesday on Chelsea soccer club owner Roman Abramovich as part of a new package of measures targeting Russia and President Vladimir Putin's close allies.
War yields softer sentence in illegal campaign donation case
NEW YORK (AP) — A Ukraine-born businessman was sentenced Tuesday to a year and a day in prison for his conviction in a conspiracy that enabled a Russian tycoon to make illegal donations to U.S. political candidates with help from
As new Omicron variant looms, White House urges Congress to restore COVID-19 funding
WASHINGTON — With inflation spiralling, gas prices soaring and the soil of Ukraine now sown with the seeds of another great-powers conflict, the White House issued a pointed reminder Tuesday about another international crisis the United States isn't qu...
Window-blind makers ask Health Canada for rules delay as COVID snarls supply chains
OTTAWA — An association of window-blind makers is warning of a steep financial hit to companies, and potentially the loss of thousands of jobs, in a few weeks unless Health Canada delays enacting a new set of safety rules. Ralph Vasami,
Biden signs budget bill with Ukraine aid but no virus cash
WASHINGTON (AP) — President Joe Biden on Tuesday signed a bill providing $13.6 billion in additional military and humanitarian aid to Ukraine as part of a $1.5 trillion government spending measure that omits COVID-19 aid the White House says is
Dutch to drop last remaining COVID-19 restrictions next week
AMSTERDAM (AP) — The Dutch government will drop its last remaining COVID-19 restrictions next week despite a recent rise in infections as the nation learns to live with the coronavirus, officials said Tuesday.
Borrell: EU to help Western Balkans’ war-affected economies
TIRANA, Albania (AP) — The European Union’s foreign policy chief on Tuesday said the bloc would support the Western Balkan countries to overcome the economic crisis caused by Russia's war on Ukraine.
Puerto Rico exits bankruptcy after grueling debt negotiation
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government formally exited bankruptcy Tuesday, completing the largest public debt restructuring in U.S. history after announcing nearly seven years ago that it was unable to pay its more than $70 billion debt....
EXPLAINER: How plausible is Chinese military aid for Russia?
BEIJING (AP) — The U.S. says Russia has asked China to provide military assistance for its war in Ukraine, and that China has responded affirmatively. Both Moscow and Beijing have denied the allegation, with a Chinese spokesperson dismissing it as
