Category Archives: Economy
Ireland: UK-EU deal on Brexit trade spat unlikely this year
LONDON (AP) — The British and Irish governments expressed optimism Thursday that a thorny spat between the U.K. and the European Union over Northern Ireland trade can be resolved, but Ireland's top diplomat indicated that negotiations were likely to dr...
New Brunswick announces $2 per hour increase in minimum wage, to hit $13.75 in 2022
FREDERICTON — New Brunswick is hiking its minimum wage by $2 per hour next year — the largest increase in 40 years — but a business advocate says that would strike a blow to small companies already suffering from COVID-19. Labour
Tensions grow over Ukraine with the trading of threats
WASHINGTON (AP) — U.S. Secretary of State Antony Blinken met face-to-face with his Russian counterpart on Thursday to demand Russia pull back troops from the border with Ukraine, as tensions and suspicions grow in a confrontation over Ukraine's increas...
EU fines 4 banks $390M in foreign exchange trading cartel
BRUSSELS (AP) — The European Union said Thursday that it has fined four major banks a combined $390 million for colluding in a foreign exchange spot trading cartel that allowed them to beat inherent risks in currency deals.
Germany locks unvaccinated out of public life; mandate looms
BERLIN (AP) — Unvaccinated people across Germany will soon be excluded from nonessential stores, restaurants and sports and cultural venues, Chancellor Angela Merkel announced Thursday, and parliament will consider a general vaccine mandate as part of ...
U.S. to require all inbound foreign air passengers to get COVID test the day before
WASHINGTON — President Joe Biden set out to turn the tables on the COVID-19 pandemic Thursday with a 10-point winter offensive against the Omicron variant that further complicates flying from Canada to the United States on the eve of the
Austria’s new chancellor resigns; predecessor quits politics
BERLIN (AP) — Austrian Chancellor Alexander Schallenberg announced Thursday he is stepping down just two months after taking over from predecessor Sebastian Kurz, who stumbled over corruption allegations.
OPEC, allies stick to modest output boost despite omicron
NEW YORK (AP) — OPEC and allied oil-producing countries decided Thursday to stick to their plans to boost oil production even as the new omicron variant cast a shadow of uncertainty over the global economic recovery from the coronavirus pandemic.
EU court advisor wants scrapping of Hungary-Poland challenge
BRUSSELS (AP) — The top adviser to the European Union’s highest court on Thursday said that the principle of linking the bloc’s budget disbursements to respect for rule of law is compatible with the bloc's laws and that a challenge
Island turns into open-air lab for tech-savvy volcanologists
LAS MANCHAS, Canary Islands (AP) — They come with eagle-eyed drones and high-precision instruments. Aided by satellites, they analyze gas emissions and the flows of molten rock. On the ground, they collect everything from the tiniest particles to “lava...
