Latest Eastern Europe News

Biden, South Korean leader to consult on how to check NKorea

May. 20, 2022 23:56 PM EDT

SEOUL, South Korea (AP) — President Joe Biden is devoting his Saturday to cementing ties with South Korea and its new leader Yoon Suk Yeol as the two sides consult on how best to check the nuclear threat from North Korea at a time when there's little hope of real diplomacy on the matter. ...

Russia claims to have taken full control of Mariupol

May. 20, 2022 22:53 PM EDT

POKROVSK, Ukraine (AP) — Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead. ...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

Kirby to lead Biden's national security communications team

May. 20, 2022 20:31 PM EDT

WASHINGTON (AP) — President Joe Biden on Friday named Pentagon press secretary John Kirby to be the new National Security Council coordinator for strategic communications. Kirby "will coordinate interagency efforts to explain United States policy and will serve as a senior...

The AP Interview: US trade rep. sees opportunity in recovery

May. 20, 2022 20:13 PM EDT

BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nations on a common playing field and forge...

Ukraine aid bill hitching ride to Seoul for Biden signature

May. 20, 2022 19:12 PM EDT

SEOUL, South Korea (AP) — The $40 billion U.S. package of assistance for Ukraine as it tries to fend off Russia's aggression is hitching a ride on a commercial flight to South Korea so it can be signed by President Joe Biden. The Senate voted Thursday to finalize the new military...

Live updates | Zelenskyy: Russia should pay for destruction

May. 20, 2022 18:08 PM EDT

KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine. Just on Friday, he noted, the Russian army fired a missile at the northeastern...

US stocks got close to a bear market. Here’s what that means

May. 20, 2022 16:46 PM EDT

NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what's known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains...

Wimbledon's Russia ban prompts tours to cut ranking points

May. 20, 2022 16:29 PM EDT

PARIS (AP) — The women's and men’s professional tennis tours will not award ranking points for Wimbledon this year because of the All England Club’s ban on players from Russia and Belarus over the invasion of Ukraine, an unprecedented move that stands as a significant rebuke of the sport's...

Yellen's global tax plan meets resistance abroad and at home

May. 20, 2022 15:55 PM EDT

KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen celebrated a “historic day” last summer when more than 100 nations agreed to a global minimum tax deal, aimed at putting the world's countries on a more equal footing in attracting and keeping multinational companies. President Joe...