Category Archives: Economy
EXPLAINER: Why is Hungary blocking sanctions on Russian oil?
BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member nations.
Putin urges stronger action to prevent wildfires
MOSCOW (AP) — Russian President Vladimir Putin urged authorities on Tuesday to take stronger action to prevent wildfires and increase coordination between various official agencies in dealing with them.
Spain fires intelligence chief amid phone hacking scandals
BARCELONA, Spain (AP) — Spain's government fired the director of the country's top intelligence agency Tuesday following the hacking of politicians’ cellphones, including the devices of the prime minister and several supporters of the Catalonia region’...
Danish inflation hits 6.7%; highest since 1984
COPENHAGEN, Denmark (AP) — Denmark's inflation rate has increased to 6.7% in April in its highest level since 1984 as electricity and heating prices spike, authorities said Tuesday.
Government coffers fuller than expected due to higher inflation, growth: Desjardins
OTTAWA — A new analysis of government finances across the country says revenues were much stronger than expected in the last year due to higher inflation and economic growth. The analysis by Desjardins found spending was more mixed, but pandemic-relate...
Sri Lanka orders troops to shoot those involved in violence
COLOMBO, Sri Lanka (AP) — Sri Lanka's defense ministry ordered security forces on Tuesday to shoot anyone causing injury to people or property to contain widespread arson and mob violence targeting government supporters.
UK govt sets out big plans, but little cost of living relief
LONDON (AP) — Britain’s Conservative government set out its agenda for the next year on Tuesday with sweeping promises to cut crime, improve health care and revive the U.K.’s pandemic-scarred economy — but no new help for millions of Britons
Shanghai re-tightens on COVID, frustrating trapped residents
BEIJING (AP) — The city of Shanghai is doubling down on pandemic restrictions after a brief period of loosening up, frustrating residents who were hoping a more than monthlong lockdown was finally easing as the number of new cases falls
Timeline of NATO expansion since 1949
STOCKHOLM (AP) — Finland and Sweden are nearing decisions on whether to ditch their long-standing policy of military nonalignment and join NATO in the wake of Russia's invasion of Ukraine.
Crucial NATO decisions expected in Finland, Sweden this week
STOCKHOLM (AP) — Key decision-makers in non-aligned Finland and Sweden are set to announce their positions on NATO membership this week in what could be a serious blow to Russia as its military struggles to make decisive gains in Ukraine.
