Top 2003-11 Iraq War News

Europe's push to cut Russian gas faces a race against winter

May. 18, 2022 03:45 AM EDT

While Europeans bask in the warmth of spring, governments are in a race against winter. Europe is trying to cut use of Russian natural gas because of the war in Ukraine, but still find enough fuel to keep the lights on and homes warm before it gets cold again. That...

EU rushes out $300 billion roadmap to ditch Russian energy

May. 18, 2022 07:52 AM EDT

BRUSSELS (AP) — The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and faster rollout of...

US markets point lower, Target tumbles before opening bell

May. 18, 2022 08:12 AM EDT

NEW YORK (AP) — U.S. markets were poised to open lower Wednesday as investors weighed mixed U.S. retail sales data and potentially more aggressive rate hikes from the Federal Reserve. On Wall Street, futures for the S&P 500 index was down 0.8% and the same for the Dow Jones...

Musk wars with Twitter over his buyout deal - on Twitter

May. 17, 2022 18:50 PM EDT

Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move ahead. ...

US, banks, unveil plan to ease food crisis from Russia's war

May. 18, 2022 08:39 AM EDT

BONN, Germany (AP) — The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia's war in Ukraine. The Treasury Department announced that several global...

Target feels inflation's sting in Q1, shares plunge

May. 18, 2022 08:30 AM EDT

NEW YORK (AP) — Target took a big hit from higher costs during the first quarter despite brisk sales and shares appeared headed for their most severe sell-off since the Black Monday market crash of 1987. Profits for major retailers has come under pressure from both surging...

UK inflation hits 40-year high amid Russia's war in Ukraine

May. 18, 2022 05:55 AM EDT

LONDON (AP) — Britain’s inflation rate rose to the highest level in 40 years last month as Russia's war in Ukraine fueled further increases in food and fuel prices. Consumer price inflation accelerated to 9% in the 12 months through April, up from 7% the previous month, the...

NATO chief hails 'historic moment' as Finland, Sweden apply

May. 18, 2022 08:16 AM EDT

BRUSSELS (AP) — NATO Secretary-General Jens Stoltenberg said Wednesday that the military alliance stands ready to seize a historic moment and move quickly on allowing Finland and Sweden to join its ranks, after the two countries submitted their membership requests. The official...

Livestreamed carnage: Tech's hard lessons from mass killings

May. 17, 2022 13:15 PM EDT

These days, mass shooters like the one now held in the Buffalo, New York, supermarket attack don’t stop with planning out their brutal attacks. They also create marketing plans while arranging to livestream their massacres on social platforms in hopes of fomenting more violence. ...

Powell: Fed to keep hiking rates until it controls inflation

May. 17, 2022 16:43 PM EDT

WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession. The Fed's...

Latest 2003-11 Iraq War News

Many in Mideast see hypocrisy in Western embrace of Ukraine

Mar. 29, 2022 02:08 AM EDT

JERUSALEM (AP) — Within days of the Russian invasion, Western countries invoked international law, imposed crippling sanctions, began welcoming refugees with open arms and cheered on Ukraine's armed resistance. The response has elicited outrage across the Middle East, where many...