BEIJING (AP) — Asian stocks rebounded Wednesday after Wall Street declined and Chinese inflation edged higher. Already high oil prices rose further, adding more than $2 per barrel following President Joe Biden’s ban on imports of Russian crude. Stock benchmarks in Tokyo and Sydney rose while Shanghai and Hong Kong declined. South Korean markets were…
LONDON (AP) — U.K. lawmakers are set to pass a bill on Monday aimed at toughening sanctions on Russia and rooting out ill-gotten money from the British economy. Prime Minister Boris Johnson said the Economic Crime Bill will let British authorities ”pursue (Russian President Vladimir) Putin’s allies in the U.K. with the full backing of…
LOS ANGELES (AP) — The city of Los Angeles is suing Monsanto and two other companies for past and future costs of dealing with contamination of waterways by long-banned chemicals called polychlorinated biphenyls, or PCBs, the city attorney announced Monday. Long-lasting PCBs were used in numerous products and applications for decades and are linked to…
MADRID (AP) — King Felipe VI is accepting his father’s desire to return to Spain for periodic visits, although Juan Carlos I will remain based in the United Arab Emirates where he moved in 2020 following probes into his financial dealings, royal officials said Monday. Juan Carlos wrote a letter to Felipe expressing his desire…
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the war. The U.S. national average…
LONDON (AP) — British Prime Minister Boris Johnson on Monday defended his government’s treatment of Ukrainians fleeing war, after France accused U.K. authorities of “inhumane” behavior towards the refugees. Johnson said Britain was being “very, very generous,” but wouldn’t have “a system where people can come into the U.K. without any checks or any controls…
ZAHONY, Hungary (AP) — The violin was so beloved by Myroslava Sherbina it was the one item she took as she fled Ukraine, along with the clothes she wore. But the instrument has remained silent since the start of Russia’s invasion of her country. “I didn’t want to play so I could hear the sirens…
NAIROBI, Kenya (AP) — Moderna signed a memorandum of understanding with Kenya’s government on Monday for the drugmaker’s first mRNA vaccine manufacturing facility in Africa, the company said. The goal is to produce up to 500 million doses of vaccines a year for the African continent, Moderna said in a statement. The focus is on…
LONDON (AP) — Leading Russian banks are looking into using a Chinese payment rival after Visa and Mastercard suspended operations, while all the big global accounting firms said they would pull out of Russia in the latest corporate fallout over the invasion of Ukraine. Ernst & Young and Deloitte cut ties Monday with their operations…
The investment firm of billionaire Ryan Cohen has taken a large stake in Bed Bath & Beyond and is recommending that the struggling retailer sell all or part of its business. RC Ventures LLC has acquired a nearly 10% stake in Bed Bath & Beyond, according to a regulatory filing. RC stands for Ryan Cohen,…
