By David Shepardson WASHINGTON (Reuters) – A bipartisan group of more than 140 U.S. lawmakers on Tuesday urged leaders in Congress to approve $52 billion in government subsidies for semiconductor chips production and research. The U.S. House of Representatives on Feb. 4 narrowly passed a bill aimed at increasing American competitiveness with China in part…
SAN RAMON, Calif. (AP) — Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that’s already been available on the company’s upscale models for more than a year. The latest iPhone SE marks the first upgrade to the bare-bones version of Apple’s…
LONDON (AP) — Ukrainian President Volodymyr Zelenskyy evoked wartime British leader Winston Churchill on Tuesday as he told the U.K. Parliament that Ukrainians would fight Russian invaders to the end in the country’s forests, fields and streets. Zelenskyy told British lawmakers “we will not give up and we will not lose,” in a speech that…
BERLIN (AP) — Emmanuel Oyedele’s dream of getting a business degree in Ukraine lies shattered in the rubble of Russia’s sudden fierce military assault, but right now the 28-year-old Nigerian says he feels blessed. After hastily escaping Kyiv as Russian forces advanced, Oyedele, his brother and two young female friends spent days trying to flee…
By Devik Jain and Sabahatjahan Contractor (Reuters) – U.S. stock indexes edged lower in volatile trading on Tuesday as investors assessed the impact of a potential ban on Russian oil imports by the West over its invasion of Ukraine. U.S. President Joe Biden is expected to announce the ban in remarks at 10:45 a.m. (1545…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro on Tuesday rallied from 22-month lows against the U.S. dollar hit the previous session, lifted by expectations that the euro zone will increase fiscal spending to help offset the economic effects of the Russia-Ukraine conflict, which pushed energy and other commodity prices higher….
PARIS (Reuters) – L’Oreal, the world’s largest cosmetics group, said on Tuesday it would temporarily close its own stores, its directly operated counters in department stores and its e-commerce sites in Russia, in reaction to Moscow’s invasion of its neighbour Ukraine. The French company, which strongly condemns Russia’s military action, also said it would also…
KYIV, Ukraine (AP) — The field kitchen at a makeshift camp in Ukraine’s capital was a hive of activity Monday, giving volunteers a way to contribute to the war effort — and providing a much-needed distraction from the harrowing news about Russia’s escalating invasion. A woman identified only as Oksana, whose husband is fighting in…
United States and European officials discussed the possibility of completely banning imports of Russian oil. The move, while not a surprise, sent energy prices skyrocketing. Russian crude accounts for 3% of American imports. The U.S. energy complex has seen money flow into the space. These companies are leading options to fill the void of Russia’s…
The average price of gasoline in the U.S. hit a record $4.17 per gallon Tuesday as the country banned Russian oil imports after its invasion of Ukraine. The national average rose by 10 cents per gallon in one day, and it’s up 55 cents since last week, according to AAA data. The previous high was…
