-
Bank of America fined $225 million for 'botched' disbursement of jobless benefits
Jul 15, 2022 03:14US banking regulators have Bank of America fined $225 million over "botched" handling of jobless benefits during the coronavirus pandemic.
-
EU Commission slashes bloc’s economic growth forecasts as war-stoked inflation soars
Jul 14, 2022 13:16The European Commission has slashed the European Union’s economic growth forecasts as the ongoing Ukraine-Russia military conflict fuels record-high inflation, which is continuing to destabilize the economy of the bloc’s member states.
-
Saudi forces seize another Yemen-bound fuel ship in violation of UN-brokered ceasefire
Jul 14, 2022 05:51The Yemen Gas Company (YGC) says the Saudi-led coalition waging war on the country has seized yet another Yemen-bound fuel ship in blatant violation of the UN-brokered ceasefire.
-
US inflation hit 40-year high in June
Jul 14, 2022 05:49Inflation has surged to a new four-decade high in the United States, as prices continue to climb at the fastest pace across many sectors of the economy, fresh data shows.
-
Iran starts handling first Russian cargo transit to India
Jul 12, 2022 15:31Iran has started transiting a first Russian cargo to India through a new route that experts believe will lead to increased trade in the region.
-
Sri Lanka's beleaguered president attempts to flee country, blocked from leaving
Jul 12, 2022 15:12The Sri Lankan president, Gotabaya Rajapaksa, who is due to officially resign on Wednesday after months of protests, has made a failed attempt to flee the crisis-hit country.
-
Thousands of Sri Lankans ditch cars, turn to bicycles as fuel crisis worsens in cash-strapped country
Jul 06, 2022 09:53Throwing a backpack over his shoulders and a helmet over his head, Thusitha Kahaduwa hops onto his bicycle to pedal off to work through the chaotic streets of Colombo.
-
Paris airport workers keep demand for pay raise alive
Jul 02, 2022 12:13Paris airport workers have planned another two-day strike for the weekend as the protest action has already disrupted early summer travels at the French capital’s international airport.
-
Flights canceled in France as airport workers strike for higher pay amid high inflation
Jul 01, 2022 09:53As France’s summer travel season begins, flights from Charles de Gaulle Airport in Paris and other French airports have been canceled after the employers went on strikes to protest low salaries and high inflation.
-
Italy’s economy facing multiple threats; Social peace at risk
Jun 30, 2022 06:53The gas squeeze, higher interest rates and plummeting consumer confidence threaten to bring down Italy's economy on multiple fronts.