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) — Ukrainian President Volodymyr Zelenskyy on Monday underscored the urgency of helping his country’s military improve its position against Russia in a video meeting with leading economic powers, who in turn pledged to support Ukraine “for as long as it takes.”
NEW YORK (AP) — Stocks are drifting mostly lower in early trading on Wall Street Monday as the market cools off following a rare winning week and the best daily gain for the S&P 500 in two years.
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.
BRUSSELS (AP) — European Union countries agreed Monday that all natural gas storage in the 27-nation bloc should be topped up to at least 80% capacity for next winter as they prepare for the possibility of Russia further reducing deliveries.
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.
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.
ROME (AP) — Leonardo Del Vecchio, who founded eyewear empire Luxottica in a trailer and turned an everyday object into a global fashion item, becoming one of Italy's richest men in the process, died on Monday, Italian authorities said.
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.
As workers at major companies increasingly move to unionize, the political environment for labor couldn’t be more ripe.
Perhaps nowhere is that more accurate than at the National Labor Relations Board, the agency that enforces the country’s labor laws and oversees union elections.
QUITO, Ecuador (AP) — Ecuadorian President Guillermo Lasso announced a cut in gasoline prices Sunday that fell short of the reduction demanded by Indigenous leaders to end a strike that has paralyzed parts of the country for two weeks.
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:
OSLO, Norway (AP) — The suspect in a deadly shooting ahead of an LGBTQ festival in the Norwegian capital, which authorities are treating as an Islamist attack, was ordered held Monday in pre-trial detention for four weeks — two of them in solitary confinement.
ESSEX, Vt. (AP) — Before the pandemic, there was no room in the budget for Kate Murphy’s children to buy lunch at school. She and her husband would buy in bulk and make bag lunches at home. So the free school meals that were made available to students nationwide amid the crisis have brought welcome relief, especially since her husband lost his job last year at a bakery company that closed.
PHOENIX (AP) — The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year, this time for fire concerns amid dry weather, along with pandemic related supply or staffing problems.
BOLINGBROOK, Ill. (AP) — A temporary worker has been charged in a shooting that killed a co-worker and wounded two others at an automotive interior products warehouse in suburban Chicago, authorities said.
NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business disclosed Monday that it has received subpoenas from a grand jury in New York.
CONCORD, N.H. (AP) — Care for a hint of crab in your whiskey?
A New Hampshire distillery has come up with its newest concoction called “Crab Trapper" — whiskey flavored with invasive green crabs.
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.
THE HAGUE, Netherlands (AP) — Farmers driving tractors blocked highways in the Netherlands on Monday in the latest protest sparked by a government pledge to rein in pollution emissions, a move that will hit the country's agriculture sector.
SANTA CRUZ, Calif. (AP) — Longtime Netflix CEO Reed Hastings is renowned for building a video streaming service that has transformed entertainment, but it probably wouldn't have happened if not for his friendship with serial entrepreneur Marc Randolph.
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.
WASINI, Kenya (AP) — Minutes away from the Kenyan mainland, the densely forested island of Wasini is one of several starting lines for coral reef restoration efforts in the western Indian Ocean. On a rare calm day during the normally turbulent monsoon season, four divers, carrying measuring equipment, shoes and toothbrushes descended in turns to the sea-bed reef restoration site on the Shimoni channel.
SLOVIANSK, Ukraine (AP) — Russia was mounting an all-out assault on the last Ukrainian stronghold in the eastern Luhansk region, “pouring fire" on the city of Lysychansk from the ground and air, the local governor said Monday, as Western leaders met to discuss ways of bolstering support for Kyiv.
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.
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.
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.
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.
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.
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.
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.
COLOMBO, Sri Lanka (AP) — Senior U.S. officials were in Sri Lanka seeking ways to help the island nation cope with an unprecedented economic crisis and severe shortages of essential supplies, as the energy minister warned that new fuel shipments would be delayed.
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.
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.
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.
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.
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.