Category Archives: Economy
Russian vodka, caviar and diamonds on new Canadian sanctions list
OTTAWA — Foreign Minister Mélanie Joly announced a fresh wave of sanctions against Vladimir Putin's regime on Friday including a ban on importing Russian vodka, caviar and diamonds. The ban on the import of certain luxury goods from Russia will tighte...
The AP Interview: US trade rep. sees opportunity in recovery
BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nation...
Smaller telcos could feel the pinch after Ottawa prohibits use of Huawei’s 4G gear
Experts say smaller, independent telecommunications companies will be hurt the most by a federal government decision to ban China’s Huawei Technologies and ZTE from involvement in Canada’s 5G wireless network, in a move that will also eventually prohib...
Energy secretary: We must find a solution for nuclear waste
WATERFORD, Conn. (AP) — It is critical to find a solution for storing the nation's spent nuclear fuel, U.S. Energy Secretary Jennifer Granholm said Friday during a visit to a nuclear power plant in Connecticut.
Japan welcomes new US Indo-Pacific economic initiative
TOKYO (AP) — Japan welcomes a new U.S. economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week because it demonstrates American commitment to a regional economic order that
Russia to cut Finland’s natural gas in latest energy clash
COPENHAGEN, Denmark (AP) — Russia will cut off natural gas to Finland after the Nordic country that applied for NATO membership this week refused President Vladimir Putin's demand to pay in rubles, the Finnish state-owned energy company said Friday, th...
Germany’s Schroeder to quit Rosneft board as backlash mounts
BERLIN (AP) — Former German Chancellor Gerhard Schroeder plans to leave the board of directors of Russian state energy company Rosneft as a backlash over his ties with Russia and its energy sector mounts.
N Ireland party leader pans Pelosi’s warning on Brexit terms
LONDON (AP) — U.S. House Speaker Nancy Pelosi is facing criticism from the leader of Northern Ireland’s biggest unionist party after saying Congress won’t approve a trade deal with the U.K. if Britain scraps the agreement governing post-Brexit trade on...
G7 countries to provide $19.8 billion in aid to Ukraine
KOENIGSWINTER, Germany (AP) — The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion.
Live updates | Zelenskyy: Russia should pay for destruction
KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine.
