MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine. After urgent top-level talks with leaders of the three countries, alliance Secretary General Jens…
BERLIN (AP) — Members of the Group of Seven major economies pledged Tuesday to create a new ” climate club ” for nations that want to take more ambitious action to tackle global warming, putting them on a possible collision course with China. The idea, championed by G-7 summit host German Chancellor Olaf Scholz, will…
SINTRA, Portugal (AP) — The head of the European Central Bank said Tuesday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected. In a speech opening an ECB forum on…
ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from…
BANGKOK (AP) — Global stocks were mostly higher Tuesday after a wobbly day on Wall Street as markets cooled off following a rare winning week. Oil prices pushed higher and U.S. futures also advanced. As they wrapped up a summit in Elmau, Germany, Group of Seven leaders were finalizing a deal to seek a price…
HONG KONG (AP) — Every few generations, Hong Kong transforms itself, evolving from a swampy fishing village to 19th century colonial port, to capitalist outpost and factory after China’s 1949 revolution, to 21st century financial center. As the former British colony marks the 25th anniversary of its return to China, reeling from pandemic curbs that…
TOKYO (AP) — Toshiba shareholders approved 13 nominated directors to its board Tuesday, as the Japanese technology giant struggles to restore its one-time glory and set a clear leadership direction. Chief Executive Taro Shimada, who oversaw the annual shareholders’ meeting in Tokyo, said the majority had voted to OK that plan. He promised shareholders Toshiba…
ZURICH (AP) — A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago. The court also ordered the confiscation of the equivalent of more than $12 million worth of deposits linked to the criminal group…
TOKYO (AP) — The rickshaw men in Tokyo are adding English-speaking staff, a sure sign Japan is bracing for a return of tourists from abroad. Japan’s border controls to curb the spread of coronavirus infections began gradually loosening earlier this month. That’s great news for Yusuke Otomo, owner of Daikichi, a kimono rental shop in…
NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app. Shares of Digital World Acquisition Corp. dropped almost 10% Monday as the company revealed that it has received…
