Month: June 2022

LONDON (AP) — The European Union has agreed on new rules subjecting cryptocurrency transfers to the same money-laundering rules as traditional banking transfers. EU negotiators signed a provisional agreement late Wednesday for the 27-nation bloc’s first rules on tracing transfers of crypto assets like bitcoin. They’re aimed at clamping down on illicit transfers and blocking

THE HAGUE, Netherlands (AP) — Dutch flag carrier KLM says it is repaying the last portion of loans it got from the Netherlands government and banks to help it survive when the COVID-19 pandemic threw global aviation into a tailspin. The carrier is paying back 277 million euros ($290 million) to the government, the last

By HOPE YEN Associated Press WASHINGTON (AP) — Transportation Secretary Pete Buttigieg on Thursday launched a $1 billion first-of-its-kind pilot program aimed at helping reconnect cities and neighborhoods racially segregated or divided by road projects, pledging wide-ranging help to dozens of communities despite the program’s limited dollars. Under the Reconnecting Communities program, cities and states

MOSCOW (AP) — Russian President Vladimir Putin shot back at Western leaders who mocked his athletic exploits, saying they would look “disgusting” if they tried to emulate his bare-torso appearances. Putin made the comment during a visit to Turkmenistan early Thursday when asked about Western leaders joking about him at the G7 summit. As they

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stock markets declined Thursday after the U.S. economy contracted, fueling fears of a worldwide downturn. London and Frankfurt opened lower. Tokyo and Hong Kong declined while Shanghai gained. The future for Wall Street’s benchmark S&P 500 index was down 1.1% after data Wednesday showed the

By ILAN BEN ZION Associated Press JERUSALEM (AP) — Israel’s parliament voted Thursday to dissolve itself, marking the end of a year-old experimental coalition government, and sending the country to the polls in November for the fifth time in less than four years. Yair Lapid, Israel’s foreign minister and architect of the outgoing coalition government,

By JIM GOMEZ Associated Press MANILA, Philippines (AP) — Ferdinand Marcos Jr., the namesake son of an ousted dictator, praised his father’s legacy and glossed over its violent past as he was sworn in as Philippine president Thursday after a stunning election victory that opponents say was pulled off by whitewashing his family’s image. His

By JILL LAWLESS, JOSEPH WILSON and SYLVIE CORBET Associated Press MADRID (AP) — NATO faced rebukes from Moscow and Beijing on Thursday after it declared Russia a “direct threat” and said China posed “serious challenges ” to global stability. During a summit in Madrid, the Western military alliance described a world plunged into a dangerous

By FRANCESCA EBEL Associated Press KREMENCHUK, Ukraine (AP) — How do you grieve when there is no body to be found? How do you move forward when the person you loved vanished into the dust in a matter of seconds? These are some of the unthinkable questions many in Kremenchuk are now grappling with after