LONDON (AP) — Surging energy costs have driven inflation in Europe to another record high, raising questions about when the central bank should step in to ease the pain to people’s wallets while Russia’s invasion of Ukraine rattles the global economy. Consumer prices in the 19 countries that use the euro currency increased by an…
BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that Germany has agreed to extend another $720 million (647 million euros) to provide home care and supportive services for frail and vulnerable Holocaust survivors. The New York-based Conference on Jewish Material Claims Against Germany, also…
NEW YORK (AP) — The leaders of OPEC and its oil-producing allies are sticking with their plan to gradually increase oil production while Russia’s invasion of Ukraine rattles markets, reshapes alliances, kills civilians and sends the price of crude skyrocketing. The OPEC+ coalition of oil producers — made up of OPEC members led by Saudi…
LA HERRADURA, Spain (AP) — “Herders and farmers have their feet on the ground, but their eyes on the sky.” The old saying is still popular in Spain’s rural communities who, faced with recurrent droughts, have historically paraded sculptures of saints to pray for rain. The saints are out again this year as large swaths…
MOSCOW (AP) — As Russia’s top diplomat during the invasion of Ukraine, Foreign Minister Sergey Lavrov is embodying the Kremlin’s defiant posture with a mixture of toughness and sarcasm. While President Vladimir Putin single-handedly shapes the country’s foreign policy, Lavrov delivers Moscow’s message with a bluntness uncharacteristic of a diplomat. In the role for nearly…
BEIJING (AP) — Asian stock markets rebounded Thursday and oil prices climbed higher after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected. Shanghai, Tokyo, Hong Kong and Sydney advanced even as Russian forces whose attack on Ukraine has roiled financial markets bombarded the country’s second-largest…
WASHINGTON (AP) — Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global economy, shaking financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to hungry Yemeni families….
BEIJING (AP) — Oil prices surged another $7 per barrel on Wednesday after an agreement by the United States and other major governments to release supplies from strategic stockpiles failed to calm anxiety over Russia’s attack on Ukraine. Benchmark U.S. crude rose $7.94 to $111.35 per barrel in electronic trading on the New York Mercantile…
LONDON (AP) — Britain on Tuesday banned any ship with Russian connections from entering its ports as the country stepped up efforts to isolate President Vladimir Putin’s government because of its war in Ukraine. Announcing the blanket ban in a tweet, British Transport Secretary Grant Shapps encouraged other countries to prohibit ships tied to Russia…
FRANKFURT, Germany (AP) — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short after the Russian invasion of Ukraine. The board of…
