BRUSSELS (AP) — The European Commission recommended Monday that EU nations end golden passport schemes that allow wealthy people to buy their way into the bloc’s citizenship, and urged them to assess whether Russian oligarchs linked to the Kremlin or who support the war in Ukraine should be stripped of citizenship rights previously granted. The…
BERLIN (AP) — The Group of Seven major economies agreed Monday to reject Moscow’s demand to pay for Russian natural gas exports in rubles. German energy minister Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts” for natural gas, which is…
LONDON (AP) — Russian shares slumped as its stock market resumed trading of all companies Monday after a monthlong halt following the invasion of Ukraine. The benchmark MOEX index slid 2.2% after the Moscow Exchange reopened for all of its several hundred listed companies, but with restrictions still in place to limit volatility. State-owned energy…
DUBAI, United Arab Emirates (AP) — The United Arab Emirates’ energy minister doubled down Monday on an oil alliance with Russia that’s helped buoy crude prices to their highest in years as Moscow’s war on Ukraine rattles markets and sends energy and commodity prices soaring. The minister said Russia, with its 10 million barrels of…
MADRID (AP) — Spain’s government is readying a package of emergency economic measures worth 6 billion euros ($6.6 billion) in direct aid and tax breaks and 10 billion euros ($11 billion) in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said Monday. The emergency plan…
BEIJING (AP) — Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei’s chief financial officer said Monday the telecom equipment giant may be emerging from a “black zone” of business disruptions due to U.S. sanctions. Huawei Technologies Ltd. reported its 2021 profit rose 75.9% while sales fell…
BEIRUT (AP) — Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her family of four. “Even bread is not something we take for granted anymore,” said the…
BANGKOK (AP) — Asian shares were higher Tuesday after an advance on Wall Street ahead of another round of peace talks between Russia and Ukraine. Crude oil prices fell further after sinking 7% on Monday. Trading has remained choppy as investors try to gauge what’s next for inflation and the global economy as the repercussions…
BEIJING (AP) — The second “black box” from a China Eastern Boeing 737-800 was found Sunday, raising hopes that it might shed light on why the passenger plane nosedived into a remote mountainous area in southern China last week, killing all 132 people on board. Firefighters taking part in the search found the flight data…
VALLETTA, Malta (AP) — Maltese Prime Minister Robert Abela on Sunday claimed victory in his nation’s parliamentary election hours ahead of official results. If the win is confirmed, that would mean the Labour Party will start its third consecutive term in office, beating out its traditional rival, the Nationalist Party. The election was held Saturday…
