BAGHDAD (AP) — Iraq’s oil minister said on Thursday the government will take steps to enforce a recent court decision to annul oil contracts the semiautonomous northern Iraqi Kurdish region made with international companies. The minister, Ihsan Abdul-Jabbar Ismail, told The Associated Press the deals, which circumvent the government in Baghdad, are illegal and amount…
HELSINKI (AP) — Finland’s Parliament on Thursday passed amended legislation on border security that allows for the closure of crossing points with Russia amid fears that Moscow could choose to send large numbers of migrants to the frontier. The move by lawmakers came just two days after NATO’s 30 members signed formal accession protocols for…
(Reuters) -The Federal Deposit Insurance Corporation is looking into Voyager Digital Ltd’s marketing of deposit accounts for cryptocurrency purchases, the Wall Street Journal reported, citing people familiar with the matter. Customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy and a banking regulator began an inquiry, the…
By Niklas Pollard and Nikolaj Skydsgaard STOCKHOLM/COPENHAGEN (Reuters) -Hundreds of SAS flights were cancelled on Thursday as the airline wrestled with a strike by pilots at its main SAS Scandinavia arm, overshadowing a traffic surge during June. Talks between the airline and pilots over a new collective bargaining agreement collapsed on Monday, prompting a strike…
SZYPLISZKI, Poland (AP) — The presidents of NATO members Poland and Lithuania voiced confidence Thursday that allied troops can fully safeguard a strategically vital corridor, which links their countries, between Russian ally Belarus and a Russian Baltic Sea exclave. Concern over NATO’s ability to defend the Suwalki Gap, a 70-kilometer (43-mile) corridor between Poland and…
The European Union’s plan to include natural gas in a list of activities considered sustainable could derail its progress in reducing greenhouse gas emissions at a time when climate scientists are calling for dramatic reductions to planet-warming releases. The plan, approved Wednesday by European lawmakers, will allow investment in natural gas infrastructure such as natural…
WASHINGTON (AP) — The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a result, so, too,…
WASHINGTON (Reuters) – Boeing Chief Executive Dave Calhoun told Aviation Week in an interview that the planemaker could be forced to cancel the 737 Max 10 over potential regulatory issues. Boeing has a December deadline to win approval for the 737 MAX 10 – the largest member of its best-selling single-aisle airplane family. Otherwise, it…
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – Wall Street’s main indexes rose on Thursday as investors scaled back expectations of how much the U.S. Federal Reserve will raise interest rates by amid growing concerns about a recession. U.S. stocks markets have stabilized in July after marking their worst first-half in decades against the…
NEW YORK (AP) — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America’s retailers are starting to temper their recruiting. The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic downturn and surging labor costs. Some analysts suggest…
