Category Archives: Economy
Biden’s inflation crunch: Too much shopping – even at beach
REHOBOTH BEACH, Del. (AP) — While motorcading to his beach house last weekend, President Joe Biden could have looked out the window of his limousine and seen firsthand why he has struggled to contain inflation.
Poland’s PM pushes for more coal to lower heating costs
WARSAW, Poland (AP) — Poland’s prime minister vowed Thursday to support higher production at the nation’s coal mines in order to bring down heating and energy prices that have soared amid the war in neighbouring Ukraine and the European Union's
German transport minister opposes EU combustion engine ban
BERLIN (AP) — Germany's transport minister voiced strong opposition Thursday to plans to ban the sale of new cars with combustion engines across the European Union in 2035, arguing this would discriminate against vehicles powered with synthetic fuels. ...
Biden pushing to lower ocean shipping costs, fight inflation
WASHINGTON (AP) — President Joe Biden launched a renewed push Thursday to reduce the costs of shipping goods across oceans, a major challenge for retailers that the White House said has pushed up prices as the world emerges from the
EU urges Algeria to restore friendship treaty with Spain
BARCELONA, Spain (AP) — The European Union on Thursday urged Algeria to reverse its decision to suspend a two-decade-old friendship treaty with Spain. Algeria ordered the treaty's
Cyprus helps bust illicit sale of private data on Americans
NICOSIA, Cyprus (AP) — Cyprus police have seized servers that were used to sell social security numbers and other personal information stolen from 24 million U.S. citizens, a law enforcement official said Thursday.
Sri Lankan president’s brother quits; UN launches aid appeal
COLOMBO, Sri Lanka (AP) — Basil Rajapaksa, the younger brother of Sri Lanka's president and the country's former finance minister, said he resigned from Parliament on Thursday amid mounting criticism of his role in the island nation's economic crisis, ...
British advocate for sustainable living wins Spanish prize
MADRID (AP) — Ellen MacArthur, a British sailor who set world solo yachting records before creating a charity that advocates a sustainable way of life, has won this year’s Princess of Asturias Award for international cooperation.
EU allows Spain, Portugal to spend to ease energy prices
BRUSSELS (AP) — The European Union will allow Spain and Portugal to use billions of euros in state aid to help ease the burden of spiraling electricity prices on consumers in the Iberian Peninsula as Russia’s war in Ukraine exacerbates
Turkey’s Erdogan warns Greece to demilitarize Aegean islands
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Thursday warned Greece to demilitarize islands in the Aegean Sea, saying he was “not joking” and posting tweets in Greek and English, in a marked harshening of rhetoric against Turkey’s