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June 2022

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Russians advance on war’s front line in eastern Ukraine

The Cheap Investor3 years ago3 years ago07 mins

KYIV, Ukraine (AP) — The Russian military extended its grip on territory in eastern Ukraine as it seeks to cut supply lines and encircle frontline Ukrainian forces, while the Ukrainian military announced Thursday the arrival of powerful U.S. multiple-launch rocket systems it hopes will offer a battlefield advantage. Ukrainian forces withdrew from some areas near…

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Air France-KLM boss warns travelers: Go to the airport early

The Cheap Investor3 years ago3 years ago03 mins

PARIS (AP) — The chief of airline alliance Air France-KLM said Thursday that it will take weeks or months to get new security staff in place to lighten pressure on the Amsterdam airport, which has seen flight cancellations, damaging delays and big travel headaches as global air travel rebounds from the COVID-19 pandemic. Air France-KLM…

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WHO considers declaring monkeypox a global health emergency

The Cheap Investor3 years ago3 years ago05 mins

LONDON (AP) — As the World Health Organization convenes its emergency committee Thursday to consider if the spiraling outbreak of monkeypox warrants being declared a global emergency, some experts say WHO’s decision to act only after the disease spilled into the West could entrench the grotesque inequities that arose between rich and poor countries during…

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European Union makes Ukraine a candidate for EU membership

The Cheap Investor3 years ago3 years ago05 mins

BRUSSELS (AP) — The European Union agreed Thursday to put Ukraine on a path toward EU membership, acting with uncharacteristic speed and unity to pull the embattled country further away from Russia’s influence and bind it more closely to the West. Meeting at a summit in Brussels, leaders of the EU’s 27 nations mustered the…

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Germany faces natural gas ‘crisis,’ raises warning level

The Cheap Investor3 years ago3 years ago05 mins

BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe’s biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries. The government said the decision follows cuts Russia made to natural gas…

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Germany Triggers Gas Alarm Stage, Accuses Russia Of 'economic Attack'
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Germany Triggers Gas Alarm Stage, Accuses Russia Of ‘economic Attack’

The Cheap Investor3 years ago04 mins

By Holger Hansen BERLIN (Reuters) -Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe’s largest economy. The measure is the latest escalation in a standoff between Europe and Moscow since…

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Recession Fear Stalks Oil, Copper And Stocks
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Recession Fear Stalks Oil, Copper And Stocks

The Cheap Investor3 years ago04 mins

By Huw Jones LONDON (Reuters) – Global markets fell on Thursday as investors worried that further rises in interest rates to quell decades-high inflation would tip economies into recession. The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers’ Index, while…

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Airport chaos: European travel runs into pandemic cutbacks

The Cheap Investor3 years ago3 years ago07 mins

LONDON (AP) — The airport lines are long, and lost luggage is piling up. It’s going to be a chaotic summer for travelers in Europe. Liz Morgan arrived at Amsterdam’s Schiphol Airport 4 1/2 hours before her flight to Athens, finding the line for security snaking out of the terminal and into a big tent…

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3 summits offer test of Western unity, dominated by Ukraine

The Cheap Investor3 years ago3 years ago06 mins

BERLIN (AP) — Three consecutive summits over the next week will test Western resolve to support Ukraine and the extent of international unity as rising geopolitical tensions and economic pain cast an increasingly long shadow. On Thursday and Friday, European Union leaders will meet in Brussels to consider officially making Ukraine a candidate for membership….

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Russian Gas Cuts Have Hit 12 Countries, EU Climate Chief Says
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  • Reuters

Russian Gas Cuts Have Hit 12 Countries, EU Climate Chief Says

The Cheap Investor3 years ago01 mins

BRUSSELS (Reuters) – A dozen European Union countries have been affected by cuts to gas supply from Russia, EU climate policy chief Frans Timmermans said on Thursday. Timmermans said ten of the EU’s 27 member countries have issued an “early warning” on gas supply – the first and least severe of three levels of crisis…

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