DALLAS (AP) — Barry Biffle is juggling his day job as CEO of Frontier Airlines while also working to save a proposed merger with Spirit Airlines that would create the nation’s fifth-biggest carrier by some measures. This figures to be a bounce-back year for airlines like Frontier that cater to leisure travelers. After two years…
MILAN (AP) — Italian Premier Mario Draghi secured a deal Monday for more natural gas imports across a Mediterranean pipeline from Algeria, marking the latest push by a European Union nation to reduce dependence on Russian energy following its invasion of Ukraine. After meeting with President Abdelmadjid Tebboune, Draghi told reporters in the Algerian capital…
LONDON (AP) — The World Bank says Ukraine’s economy will shrink by 45.1% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure. Unprecedented financial and export sanctions imposed by Western allies in response to the war,…
BEIJING (AP) — Asian stock markets fell again Tuesday as investors waited for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine. Shanghai, Tokyo, Hong Kong and Seoul fell. Oil prices rose more than $2 per barrel. Wall Street’s benchmark S&P 500 index slid…
AVENEL, N.J. (AP) — The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers’ clothes and refrigerators and pretty much everything in between. There’s even a canned recording that begins, “Attention, Kmart shoppers” — except it’s to remind folks about COVID-19 precautions, not to…
BEIJING (AP) — Asian stock markets followed Wall Street lower Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation. Shanghai, Tokyo, Hong Kong and South Korea all declined. Oil fell more than $2 per barrel amid concerns global economic growth might weaken. Investors are uneasy about possible…
COLOMBO, Sri Lanka (AP) — Thousands of Sri Lankans rallied in the country’s main business district and Christian clergy marched in the capital to observe a day of protest on Saturday calling on the debt-ridden nation’s president to resign, as anxiety and anger over shortages simmered. Protesters carrying national flags and placards, some bemoaning the…
BOSTON (AP) — The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans for the first time in more than a century. S&P Global Ratings issued the downgrade to “selective default” late Friday after Russia arranged…
NEW YORK (AP) — Walmart and Kohl’s are paying a combined $5.5 million in settlements after the Federal Trade Commission said they falsely marketed dozens of sheets and other home textile products as made of environmentally friendly bamboo, when they were actually rayon. Kohl’s agreed to pay $2.5 million and Walmart will pay $3 million…
LONDON (AP) — The board chairman of Russian metals company Rusal has called for an investigation into events in the Kyiv suburb of Bucha, where Ukrainian officials say Russian troops killed civilians. Rusal Chairman Bernard Zonneveld, an independent non-executive director, did not address who was responsible or even directly say anyone was killed in Bucha,…
