Category Archives: Economy

Russia sets out tough demands for security pact with NATO

MOSCOW (AP) — Russia on Friday published draft security demands that NATO deny membership to Ukraine and other former Soviet countries and roll back the alliance's military deployments in Central and Eastern Europe — bold ultimatums that are almost cer...

Politics versus practicalities: the cross-border battle over Biden’s EV tax credits

WASHINGTON — The tax-credit scheme that President Joe Biden is proposing to encourage U.S. consumers to buy more electric vehicles might never be implemented in its current form, say veteran observers of both North America's auto sector and Canada-U.S....

Germany: Merkel’s party chooses conservative Merz as leader

BERLIN (AP) — Members of Germany's biggest opposition party, the center-right Christian Democratic Union of former Chancellor Angela Merkel, have chosen prominent conservative Friedrich Merz as its new leader, the party said Friday.

Pressure on PM Johnson after UK Tories suffer election upset

LONDON (AP) — U.K. Prime Minister Boris Johnson’s Conservative Party has suffered a stunning defeat in a parliamentary by-election that was viewed as a referendum on his government amid weeks of scandal and soaring COVID-19 infections.

Biden acknowledges $2T bill stalled, but vows it will pass

WASHINGTON (AP) — President Joe Biden has all but acknowledged negotiations over his sweeping domestic policy package will likely push into the new year, as he does not yet have the votes in the Senate to lift the roughly $2

New legal battle over predator killing in Nevada wilderness

RENO, Nev. (AP) — Conservationists are suing three federal agencies over the adequacy of an environmental review the government has said satisfies requirements to resume killing coyotes, mountain lions and other wildlife in federally protected wilderne...

Biden acknowledges $2T bill stalled, but vows it will pass

WASHINGTON (AP) — President Joe Biden on Thursday all but acknowledged negotiations over his sweeping domestic policy package will likely push into the new year, as he does not yet have the votes in the Senate to lift the roughly

Senators pass pandemic aid bill after MPs leave for winter break

OTTAWA — The Senate gave quick approval Thursday to a new round of pandemic aid after Finance Minister Chrystia Freeland made a pre-Christmas plea to rubber-stamp the help and promised that benefits would flow quickly to businesses and workers in

Company indicted for not stopping oil leak after many alarms

LOS ANGELES (AP) — Federal prosecutors blamed a Texas oil company's negligence for a crude spill that fouled Southern California's coastline, in a criminal indictment that said fatigued workers failed to properly act when repeated alarms signaled an of...

EU hopes fresh talks, not sanctions, will avert Ukraine war

BRUSSELS (AP) — European Union leaders on Thursday pressed Russia to return to peace talks with Ukraine and renewed their threat to impose unprecedented sanctions on Moscow in tandem with the United States and Britain should Russian armed forces cross

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