Russia is poised to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.
ELMAU, Germany (AP) — Leading economic powers conferred by video link with Ukrainian President Volodymyr Zelenskyy on Monday as they underscored their commitment to Ukraine for the long haul with plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.
WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.
Asian shares rally after Wall Street logs rare winning week
Stocks rally, driving Wall Street to a rare winning week
How major US stock indexes fared Friday 6/24/2022
Closing prices for crude oil, gold and other commodities
Asian shares gain, tracking Wall Street advance
Off the charts
High gasoline prices crimping drivers' spending at the pump
Savings incentives: How 401(k)s get us to do the right thing
Savings incentives: How 401(k)s get us to do the right thing
Tenants grapple with rent hikes amid overall inflation spike
Retailers' troubles sound the alarm for rest of economy
ELMAU, Germany (AP) — In 1975, leaders of the world’s wealthy democracies gathered to deal with an energy crisis sparked by a war and rampant inflation.
CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported Sunday.
It was the first drop in nine weeks and came with a drop in oil prices amid deepening global inflation fears, industry analyst Trilby Lundberg said.
Senior US officials visit Sri Lanka to help resolve crisis
Biden's mission in Europe: Shore up alliance against Russia
Spain unveils emergency actions to curb soaring living costs
Egypt’s president holds talks with visiting Qatari emir
With accounts flush, budget talks come down to schools aid
US failed to stop fraud in COVID loan program, Clyburn says
Marshall recruiting local businesses to bid on contracts
Florida police officer charged with COVID-19 relief fraud
Small businesses are facing ‘summer of uncertainty’
Man pleads guilty to misusing pandemic relief business loan
ELMAU, Germany (AP) — President Joe Biden and Western allies opened a three-day summit in the Bavarian Alps on Sunday intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression.
The Supreme Court's decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics.
PARIS (AP) — Leaders of three French energy companies called on the French public Sunday to immediately reduce consumption of fuel, oil, electricity and gas amid shortages and soaring prices due to Russia’s supply cuts and the war in Ukraine.
LONDON (AP) — Britain is ramping up a feud with the European Union by pressing on with a plan to rip up parts of the post-Brexit trade deal it signed with the bloc.
Legislation that rewrites trade rules for Northern Ireland is scheduled to get its first major House of Commons debate on Monday, the first step on what could be a rocky journey through Parliament.
ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in the Bavarian Alps in Germany; and on the summit of NATO leaders that will start on Tuesday in Madrid:
DUBAI, United Arab Emirates (AP) — One of Iran's major steel companies said on Monday it was forced to halt production after being hit by a cyberattack, apparently marking one of the biggest such assaults on the country's strategic industrial sector in recent memory.
OSLO, Norway (AP) —
The suspect in Saturday’s mass shooting during an LGBTQ festival in Oslo has agreed to be held in pretrial custody for four weeks and will therefore not appear in court on Monday, a Norwegian court said.
TOKYO (AP) — People in Tokyo are sweating it out as the government warns of possible power shortages and urges greater efforts to conserve energy while Japan endures unseasonably hot temperatures.
TAIPEI, Taiwan (AP) — Digital censors quickly deleted a hashtag “the next five years” Monday as online discussion swirled in response to reported remarks of Beijing's Communist Party secretary saying that the capital city will normalize pandemic prevention controls over the course of the next five years.
CANBERRA, Australia (AP) — Australia’s new government on Monday blamed the previous administration’s inaction on climate change for an increase in the nation’s greenhouse gas emissions last year.
Australia emitted 488 million metric tons (538 million U.S.
LOS ANGELES (AP) — With a speech about his own inspirational dream for the Black community, Sean “Diddy” Combs channeled the spirit of the Rev. Martin Luther King Jr. while accepting the BET Awards' highest honor Sunday night.
COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted amid the Indian Ocean island nation's economic collapse.
NEW YORK (AP) — People with hearing loss have a new ally in their efforts to navigate the world: Captions that aren’t limited to their television screens and streaming services.
The COVID pandemic disrupted daily life for people everywhere, but many of those with hearing loss took the resulting isolation especially hard.
FRANKFORT, Ky. (AP) — Farmers in western Kentucky will get some relief after a grain elevator was damaged by deadly tornadoes in December.
Gov. Andy Beshear announced that up to $3.25 million will help farmers continue to grow and process grains.
MORGANTOWN, W.Va. (AP) — Tuition will increase by an average of more than 2.5% across the West Virginia University system for the coming fiscal year under a new $1.2 billion budget.
The WVU Board of Governors approved the budget, which includes a 2.62% or $120 increase per semester for resident students.
GAYAN, Afghanistan (AP) — The death toll of children in last week's devastating earthquake in southeastern Afghanistan has risen to at least 155, the United Nations said as the scope of the deadliest quake to hit the impoverished country in two decades comes into focus.
QUITO, Ecuador (AP) — Ecuadorian President Guillermo Lasso announced a cut in gasoline prices Sunday that appeared to fall short of the reduction demanded by Indigenous leaders to end a strike that has paralyzed parts of the country for two weeks.
NEW YORK (AP) — Seven states are set to host primary elections Tuesday as the nation comes to terms with last week's stunning Supreme Court ruling eliminating the constitutional right to an abortion.
A look at some of the key business events and economic indicators upcoming this week:
HOME PRICE MONITOR
A limited inventory of homes for sale coupled with strong demand has helped keep U.S.
MINNEAPOLIS (AP) — Minnesota Twins pitching coach Wes Johnson has informed the club he will leave his job this week, reportedly for the same role at LSU.
Johnson traveled with the team on Sunday night to Cleveland, where he will stay on for the five-game series that's scheduled through Thursday, Twins spokesman Dustin Morse said.
GAYAN, Afghanistan (AP) — When the ground heaved from last week’s earthquake in Afghanistan, Nahim Gul’s stone-and-mud house collapsed on top of him.
He clawed through the rubble in the predawn darkness, choking on dust as he searched for his father and two sisters.
BRENTWOOD, Calif. (AP) — Three people were killed Sunday afternoon when an Amtrak commuter train smashed into a car ín Northern California, authorities said.
SALISBURY, Md. (AP) — A bar in downtown Salisbury is sharing its list of banned customers with other saloons in an effort to combat increasing violence at the city's watering holes.
WBOC-TV reports that recent brawls in Salisbury bars included people using bar stools as weapons against a bouncer.
WATKINS GLEN, N.Y. (AP) — Filipe Albuquerque gave Wayne Taylor Racing its third consecutive IMSA sports car victory by holding off rival Acura team Meyer Shank Racing in the six-hour endurance race Sunday at Watkins Glen International.
OSLO, Norway (AP) — The suspect in a mass shooting during an LGBTQ festival in Norway has refused to explain his actions to investigators and will remain in pretrial custody for the next four weeks, police and his defense lawyer said Sunday.
Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.
PARIS (AP) — Kenzo’s designer, Nigo, found his groove for his sophomore collection at the LVMH-owned house, drawing vibrant parallels with house founder Kenzo Takada.
Nigo has made history as the first Japanese designer to front the house since Takada, who died in 2020.
TALLAHASSEE, Fla. (AP) — A state court is being asked to block a new Florida law which bans most abortions after 15 weeks just days after a conservative U.S. Supreme Court majority overturned a landmark case that had provided constitutional protections for women seeking abortions for almost 50 years.
KYIV, Ukraine (AP) — Russia shattered weeks of relative calm in the Ukrainian capital with long-range missiles fired toward Kyiv early Sunday, an apparent Kremlin show-of-force as Western leaders meet in Europe to strengthen their military and economic support of Ukraine.
CHARLESTON, W.Va. (AP) — A West Virginia aviator who trained more than 40,000 pilots has been honored at a memorial service, officials said.
The Kanawha County Commission said the flag at the courthouse in Charleston was lowered to half-staff Saturday in honor of Benny Mallory, who was described by officials as a local aviation pioneer.
PHOENIX (AP) — Protests outside the Arizona Capitol over the U.S. Supreme Court's decision to overturn Roe v. Wade that ended with a volley of tear gas were variously described Saturday as either peaceful or driven by anarchists intent on destruction.
ELMAU, Germany (AP) — The Latest on the G-7 summit, the annual meeting of the leading democratic economies, which this year is being held in Germany's Bavarian Alps:
One Group of Seven family photo didn’t seem to be enough.
WASHINGTON (AP) — South Dakota’s Republican governor pledged on Sunday to bar mail-order abortion pills but said women should not face prosecution for seeking them.
LAKE BUENA VISTA, Fla. (AP) — We may not talk about Bruno, but we can see Mirabel, live and in person.
Mirabel, the star of the animated hit Disney film, “Encanto,” made her in-person debut on Sunday at Walt Disney World in Florida.
NEW YORK (AP) — Baz Luhrmann's Elvis Presley biopic “Elvis” shook up theaters with an estimated $30.5 million in weekend ticket sales, but — in a box-office rarity — “Elvis” tied “Top Gun: Maverick," which also reported $30.5 million, for No.
WAUCONDA, Ill. (AP) — The race to be Illinois' next governor is also a battle among billionaires, including two whose names won't appear on Tuesday's primary ballot.
Republican candidates Darren Bailey, who as a state lawmaker fought pandemic measures such as mask mandates, and former prosecutor Richard Irvin, the first Black mayor of Chicago's largest suburb, each has a benefactor who has pushed a different vision for the GOP and put their money behind it.
MINNEAPOLIS (AP) — Four people were injured when shots were fired in a large gathering near downtown Minneapolis Saturday.
Minneapolis police said officers arrived to find multiple fights breaking out within a large group gathered near the Stone Arch Bridge near Main Street and 6th Avenue Southeast around 11 p.m.
TEHRAN, Iran (AP) — Iranian state television said Sunday that Tehran had launched a solid-fueled rocket into space, drawing a rebuke from Washington ahead of the expected resumption of stalled talks over Tehran’s tattered nuclear deal with world powers.
HONOLULU (AP) — Megan Kau takes occasional weeklong hunting trips to the Hawaiian island of Lanai, where she enjoys watching the sunrise and hearing the distant rustle of deer and mouflon sheep in the tropical wilderness, a rifle ready at her side.