Category Archives: Economy

Europe faces pressure to join US, British ban on Russian oil

BRUSSELS (AP) — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine?

Judge favors boosting Sackler payment in Purdue Pharma deal

A judge said Wednesday that he would approve a plan that locks members of the Sackler family who own OxyContin maker Purdue Pharma into pumping at least another $1.2 billion into a nationwide lawsuit settlement that, if ultimately confirmed, would

Young Ukrainian dancers, trapped abroad, get Paris residency

PARIS (AP) — The dancers are torn between body and mind — physically on stage in Paris but in spirit back home in Kyiv. In other circumstances,

Biden signs order on cryptocurrency as its use explodes

WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.

COVID-19 cases, deaths continue to drop globally, WHO says

LONDON (AP) — The number of new coronavirus cases and deaths globally have continued to fall in the past week, the World Health Organization said Wednesday, with only the Western Pacific reporting an increase in COVID-19.

1 million children leave behind lives, friends in Ukraine

ZAHONY, Hungary (AP) — After bombs started falling in her hometown of Kharkiv, Annamaria Maslovska left her friends, her toys and her life in Ukraine and set off on a days-long journey with her mother toward safety in the West.

Austria suspends vaccine mandate before enforcement starts

BERLIN (AP) — Austria's government said Wednesday it is suspending the country's coronavirus vaccination mandate for most adults, arguing that there’s no need to implement it at present only a week before its enforcement was due to begin.

Biden’s billion-dollar cleanup pledge puts Great Lakes back in environment limelight

WASHINGTON — Long before climate change seized the global conscience, when the environment struggled for political traction, North America's Great Lakes were a dumping ground — a toxic monument to industrial excess on either side of the Canada-U.S. bor...

With Ukraine war, Europe’s geopolitical map is moving again

BRUSSELS (AP) — Even though Russia has lost influence and friends since the collapse of the Soviet empire in 1989, the nuclear superpower still holds sway over several of its neighbors in Europe and keeps others in an uneasy neutrality.

Live updates: U.S. House approves Russia oil import ban bill

The latest developments on the Russia-Ukraine war: WASHINGTON -- The U.S. House overwhelmingly approved legislation that would ban Russian oil imports to the United States, an effort

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