Category Archives: Economy
Biden’s burdens grow: Sagging global economy adds to US woes
WASHINGTON (AP) — As President Joe Biden embarks for Asia on Thursday, he's facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia's invasion of Ukraine and the pandemic shutting down
Canada on ‘upward trajectory’ on NATO spending, modernizing Norad: defence minister
WASHINGTON — The federal government is on an "upward trajectory" when it comes to meeting NATO spending targets and modernizing Norad, but Defence Minister Anita Anand stopped well short Wednesday of committing Canada to any firm timelines. Anand, who...
Russia shuts down CBC/Radio-Canada Moscow bureau, removes journalist accreditations
OTTAWA — Russia's Foreign Ministry says it is shutting down CBC/Radio-Canada's Moscow bureau and revoking the accreditations and visas of its journalists. Foreign Ministry spokeswoman Maria Zakharova said Wednesday that the move is in retaliation for O...
A third of US should be considering masks, officials say
WASHINGTON (AP) — COVID-19 cases are increasing in the United States — and could get even worse over the coming months, federal health officials warned Wednesday in urging areas hardest hit to consider reissuing calls for indoor masking.
Yellen: Ukraine war fallout threatens ‘stagflation,’ hunger
BONN, Germany (AP) — Treasury Secretary Janet Yellen warned Wednesday that Russia's February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global
EU rushes out $300 billion roadmap to ditch Russian energy
BRUSSELS (AP) — The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more eff...
EU rushes out $300 billion roadmap to ditch Russian energy
BRUSSELS (AP) — The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more eff...
Qatar to boost investment in Spain by $4.9 billion
BARCELONA, Spain (AP) — Qatar committed Wednesday to investing 4.7 billion euros ($4.9 billion) in Spain as the European country launches an economic overhaul with its share of European Union pandemic recovery funding.
German ex-leader Schroeder loses privileges over Russia ties
BERLIN (AP) — Germany's three governing parties plan to strip former Chancellor Gerhard Schroeder of his office and staff after he maintained and defended his long-standing ties with Russia despite the war in Ukraine.
UN floats plan to boost renewables as climate worries mount
GENEVA (AP) — The United Nations chief on Wednesday launched a five-point plan to jump-start broader use of renewable energies, hoping to revive world attention on climate change as the U.N.’s weather agency said greenhouse gas concentrations, ocean he...
