G7 leaders consult with Zelensky to provide new assistance to Ukraine

ELMAO, Germany (AP) – Main financial powers got a video hyperlink with Ukrainian President Volodymyr Zelensky on Monday as they affirmed their long-term dedication to Ukraine with plans to proceed capping Russian oil costs, and lift and implement tariffs on Russian items. Different new penalties. As well as, the US was getting ready to announce … Read more

Explainer: Why is Germany pushing for a ‘climate club’

Berlin (AFP) – This 12 months Germany will host the assembly of leaders of the Group of Seven main economies within the Bavarian resort of Elmau. Earlier than the Russian invasion of Ukraine triggered a sequence of crises over meals, vitality and worldwide safety, the primary focus of the assembly was on local weather change. … Read more

Is corporate greed fueled by inflation? He’s not the biggest culprit

Washington (AFP) – Outraged by worth hikes on the fuel station and grocery store, many shoppers really feel they know simply the place guilty: on grasping firms which are relentlessly elevating costs and making earnings. In response to that sentiment, final month the Democratic-led Home of Representatives handed a celebration line vote — most Democrats … Read more

Inflation sparked a wave of global protests to demand higher wages and aid

excessive meals prices. Excessive gasoline payments. Wages don’t sustain. Inflation is plundering individuals’s wallets, which has led to a wave of protests and labor strikes the world over. This week alone has seen protests by the political opposition in Pakistan and nurses in Zimbabweunion staff in Belgium, railway staff In Britain, the indigenous individuals of … Read more

A separate world, Lebanon and Sri Lanka share economic collapse

Beirut (AFP) – Lebanon and Sri Lanka could also be separate worlds, however they share a historical past of political turmoil and violence that has introduced down as soon as thriving economies marred by corruption, nepotism and incompetence. The poisonous mixtures led to catastrophe for each: forex collapse, forex shortages, triple-digit inflation, and rising starvation. … Read more

Romanian port struggles to cope with flow of Ukrainian grain

CONSTANTA, Romania (AP) – With Ukrainian seaports closed or seized by Russian forces, the neighboring Black Sea Romanian port of Constanta has emerged as a serious conduit for the war-torn nation’s grain exports amid a rising international meals disaster.. It is Romania’s largest port, residence to Europe’s fastest-loading grain terminal, and has processed practically one … Read more

Ukrainian army leaves devastated city for fortified positions

Kyiv, Ukraine (AFP) – After weeks of fierce combatingUkrainian forces have begun to withdraw from a besieged metropolis within the east of the nation to maneuver to stronger positions, a regional official mentioned on Friday, a four-month mark of the Russian invasion. The deliberate withdrawal from Severodonetsk, the executive middle of the Luhansk area, comes … Read more

Why has Sri Lanka’s economy collapsed, and what’s next?

COLOMBO, Sri Lanka (AP) – Sri Lanka’s prime minister says the debt-laden financial system within the island nation has “collapsed” The place they ran out of cash to pay for meals and gasoline. In need of money to pay for imports of those requirements, and already defaulting on its money owed, it’s looking for help … Read more

John Williams, 90, walks away from the movie, but not the music

New York (AFP) – After greater than six many years of biking, sending panicked swimmers ashore and different shut encounters, John Williams is laying down the ultimate notes for what could be his final film. “Proper now, I am engaged on ‘Indian Jones 5,’ which Harrison Ford – who’s somewhat youthful than me – has … Read more