West mulls having Russian oligarchs buy way out of sanctions

West mulls having Russian oligarchs buy way out of sanctions

BERLIN (AP) – Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter. Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland proposed the idea at a G-7 finance ministers’ meeting in Germany last … Read more

Despite pain at the pump, Americans are hitting the road | Business and Economy News

Despite pain at the pump, Americans are hitting the road |  Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

Despite pain at the pump, Americans are hitting the road | Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

Russia slams sanctions, seeks to blame West for food crisis

KYIV, Ukraine (AP) – Moscow pressed the West on Thursday to lift sanctions against Russia over the war in Ukraineseeking to shift the blame for a growing food crisis that has been worsened by Kyiv’s inability to ship millions of tons of grain and other agricultural products while under attack. Britain immediately accused Russia of … Read more

EXPLAINER: What Turkey’s Erdogan could gain in NATO debate

ANKARA, Turkey (AP) – Within a two-week span, Turkish President Recep Tayyip Erdogan caused a stir by throwing a wrench in Sweden and Finland’s historic request to join NATO, lashing out at fellow alliance member Greece and announcing plans for a new incursion into Syria. Erdogan appears to be using Turkey’s role as a mediator … Read more

Worry about stagflation, a flashback to ’70s, begins to grow

WASHINGTON (AP) – Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation is the bitterest of economic pills: High inflation mixes with a weak job market … Read more

Russia-Ukraine war: List of key events, day 92 | Russia-Ukraine was News

As the Russia-Ukraine war enters its 92nd day, we take a look at the main developments. Here are the key events so far on Thursday, May 26. Get the latest updates here. Fighting Russian forces are close to encircling two key towns in the eastern Donbas region with constant mortar bombardment destroying houses and killing … Read more

Former NATO general says Putin has 9-month window to win war | Russia-Ukraine was News

A resurgent Russian army has refocused its hitherto lumbering efforts to claim Ukraine’s east, making its first significant advances there in the 13th week of the war. Russian forces have re-launched offensives at three main points to surround a spearhead of Ukrainian defenders, at Izyum to the north, Severodonetsk to the east, and Popasna to … Read more

Former NATO general says Putin has 8-9 month window to win war | Russia-Ukraine was News

A resurgent Russian army has refocused its hitherto lumbering efforts to claim Ukraine’s east, making its first significant advances there in the 13th week of the war. Russian forces have re-launched offensives at three main points to surround a spearhead of Ukrainian defenders, at Izyum to the north, Severodonetsk to the east, and Popasna to … Read more

Davos gathering overshadowed by global economic worries

DAVOS, Switzerland (AP) – Soaring inflation. Russia’s was in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs at the World Economic … Read more