US inflation soared 7.9% in past year, a fresh 40-year high
WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year,…
March 2022
Britain Sanctions Chelsea FC’s Abramovich; Miner Rio Cuts Russia Ties
By Michael Holden and Praveen Menon (Reuters) – Britain froze the assets of Roman Abramovich, owner of Chelsea soccer club,…
Analysis-Big Oil, Biden Administration Spar Over Blame For Pain At The Pump
By Valerie Volcovici and Nichola Groom (Reuters) – The U.S. oil industry and President Joe Biden’s administration are clashing over…
Russia built an economy like a fortress but the pain is real
Western sanctions are dealing a severe blow to Russia’s economy. The ruble is plunging, foreign businesses are fleeing and sharply…
German Business Backs Sanctions On Russia Despite Domestic Impact
BERLIN (Reuters) -Germany’s BGA trade association said on Thursday a survey of its members showed most expected an economic slowdown…
Europe’s central bank to speed up end to economic stimulus
The European Central Bank said Thursday that it will make an early exit from its economic stimulus efforts as it…
Opioid Victims To Confront Purdue Pharma’s Sacklers In U.S. Court
By Tom Hals and Dietrich Knauth (Reuters) – Victims of America’s opioid addiction epidemic will confront in court on Thursday…
Marriott Pauses Opening New Hotels, Investment In Russia
(Reuters) – Hotel chain Marriott International Inc said on Thursday it has decided to pause the opening of upcoming hotels…
Shell Faces $400 Million Writedown On Russian Downstream Assets
LONDON (Reuters) – Shell faces writedowns on $400 million in Russian downstream assets, it said on Thursday, having announced $3…
Asian shares sink as war, inflation hold sway on markets
BANGKOK (AP) — Shares fell Friday in Asia as uncertainty over the war in Ukraine and persistently high inflation keep…