Month: March 2022

By FRANK JORDANS Associated Press BERLIN (AP) — The head of the International Renewable Energy Agency says “radical action” is needed to shift away from fossil fuels and ensure global warming doesn’t pass dangerous thresholds. A 348-page report published by the agency Tuesday concludes that investments of $5.7 trillion in renewable energy are needed globally

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s government has presented a range of economic measures such as halving the tax on gasoline in a bid to help cushion the impact of rising prices and win votes at elections due by May. Treasury Department documents show that inflation fueled by the Ukraine war,

BERLIN (AP) — Russia is demanding payment in rubles for its natural gas exports to Europe. And that is rattling markets already in turmoil because of the war in Ukraine. High gas prices have gyrated further after the announcement by President Vladimir Putin last week. Western governments have rejected the proposal, saying gas contracts specify

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — World shares are mostly higher as another round of peace talks between Russia and Ukraine resumes in Turkey. Markets rose in most major markets except Shanghai. Crude oil prices rebounded after sinking 7% on Monday. On Wall Street, the S&P 500 ended 0.7% higher. Tesla jumped

LONDON (AP) — British police say they are fining 20 people over parties held by Prime Minister Boris Johnson’s staff during coronavirus lockdowns. The Metropolitan Police force said it would not identify recipients of the fixed penalty notices, though Johnson’s office has said it will reveal if he gets one. Dozens of politicians and officials

By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil chief says markets are going through a “jittery period” and reiterated that the kingdom’s ability to ensure energy security is no longer guaranteed. Prince Abdulaziz bin Salman said cross-border attacks by neighboring Yemen’s Houthi rebels, who are backed by Iran, have

By ANDREA ROSA and FELIPE DANA Associated Press TROSTYANETS, Ukraine (AP) — The bodies of two Russian soldiers lie abandoned in the woods. Ukrainian forces piled atop a tank flash victory signs. Dazed people line up amid charred buildings to reach for aid. These are the sights in a Ukrainian town that has seized back

LONDON (AP) — British police are getting ready to issue a first batch of fines over parties held by Prime Minister Boris Johnson’s staff during coronavirus lockdowns. The Metropolitan Police declined to confirm reports multiple U.K. media outlets that fines would come as soon as Tuesday. The force said it wouldn’t give “a running commentary”