Category Archives: Economy
Russia targets depot in western Ukraine, advances in east
KYIV, Ukraine (AP) — The Russian military said it used long-range missiles Wednesday to destroy a depot in the western Lviv region of Ukraine where ammunition for NATO-supplied weapons was being stored, and the governor of a key eastern city
Indonesian leader reshuffles Cabinet amid rising food prices
JAKARTA, Indonesia (AP) — Indonesian President Joko Widodo announced a Cabinet reshuffle on Wednesday, replacing key economic ministers amid a national cooking oil shortage and rising food prices.
Biden tells oil refiners: Produce more gas, fewer profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
EU sues UK over move to rewrite post-Brexit trade rules
BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country exited bloc two years ago, ratcheting up tensions between the major economic partners.
Russia’s economic forum to be far smaller but moves forward
MOSCOW (AP) — Organizers of Russia's showpiece investment gathering are telling foreign participants to be sure to bring cash — not necessarily for making investments, but for spending money.
Britain vows more Rwanda deportation flights after setback
LONDON (AP) — The British government vowed Wednesday to organize more flights to deport asylum-seekers from around the world to Rwanda, after a last-minute court judgment grounded the first plane due to take off under the contentious policy.
Press to join U.S.-led Indo-Pacific economic framework, business leaders urge Ottawa
WASHINGTON — There's a four-letter F-word American leaders don't much use these days when they talk about international trade: "free." Instead, President Joe Biden's newest economic relationships in the Americas and the Indo-Pacific are described as "p...
Railroad talks stall, so Biden likely to pick review board
OMAHA, Neb. (AP) — Railroad contract talks remain deadlocked after more than two years of negotiations, so President Joe Biden will likely soon have to appoint a board to help settle the dispute.
NBA Finals, Jan. 6 hearing lead ABC to ratings win
NEW YORK (AP) — ABC was the top-rated television network last week largely behind the NBA Finals, and its news division won bragging rights for the first prime-time hearing of the congressional committee investigating the Jan. 6, 2021 riot at
NY high court nixes Trump appeal, clearing way for testimony
NEW YORK (AP) — New York’s highest court on Tuesday rejected former President Donald Trump’s last-ditch effort to avoid testifying in the state attorney genera l’s civil investigation into his business practices, clearing the way for his deposition nex...