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World
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International
7/13/2022 12:13:04 PM
Sri Lanka's president fled the country early Wednesday, slipping away only hours before he promised to step down under pressure from protesters angry over economic chaos that has triggered severe shortages of food and fuel.
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World
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International
7/10/2022 3:42:41 PM
Sri Lanka's prime minister said late last month that the island nation's debt-laden economy had ``collapsed'' as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund.
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War in Ukraine
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Economy
7/6/2022 2:01:57 PM
Sri Lanka's President Gotabaya Rajapaksa said Wednesday that he had a telephone call with Russian leader Vladimir Putin to request credit support to import fuel for the island nation that is facing its worst economic crisis in memory.
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Business
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Energy
7/4/2022 10:28:19 AM
Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting the White House to come to the US leader's defense on Sunday.
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World
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Region
7/3/2022 7:36:04 PM
Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new oil purchases.
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World
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Africa
7/2/2022 10:20:14 PM
Allegations that Ethiopian forces captured and killed Sudanese troops in a contested area along their border -- charges denied by Addis Ababa -- have revived a decades-old dispute over the fertile land.
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War in Ukraine
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Economy
7/1/2022 2:54:54 PM
Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia's war in Ukraine.
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World
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International
6/30/2022 4:57:12 PM
Europe prepared to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.
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World
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International
6/30/2022 1:56:24 PM
Amos Hochstein, President Joe Biden's point man for global energy problems, says he knows that transitioning away from the climate-wrecking pollution of fossil fuels is the only way to go. He advocates urgently for renewable energy, for energy-smart thermostats and heat pumps.
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Business
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Economy
6/27/2022 4:52:26 PM
Sri Lanka is sending two government ministers to Russia to negotiate for fuel, one of the necessities nearly exhausted amid the Indian Ocean island nation's economic collapse.
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World
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International
6/27/2022 3:50:29 PM
The increase of prices for fuel and other basic commodities has sparked protests around the world as global inflation begins to bite, with protesters crying that pay is not enough to keep up with soaring prices.
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War in Ukraine
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Economy
6/26/2022 1:04:56 PM
Leaders of three French energy companies on Sunday called on the French public to immediately reduce consumption of fuel, oil, electricity and gas amid shortages and soaring prices due to Russia's supply cuts and the war in Ukraine.
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World
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International
6/25/2022 12:21:54 PM
Rising food costs. Soaring fuel bills. Wages that are not keeping pace. Inflation is plundering people's wallets, sparking a wave of protests and workers' strikes around the world.
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World
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Africa
6/23/2022 8:54:14 PM
Ethiopia on Thursday described fuel shortages in the war-wracked Tigray region as a "myth" and accused Tigrayan rebels of seeking to launch a new offensive.
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World
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International
6/22/2022 1:22:45 PM
Sri Lanka's debt-laden economy has ``collapsed'' after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country's dire situation as it seeks help from international lenders.
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World
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Africa
6/21/2022 9:36:46 PM
The European Union says Ethiopia's government must reconnect its northern Tigray region to the world as a yearlong partial blockade has left food aid for almost 1 million hungry people stuck in warehouses without the fuel to deliver it.
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World
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Region
6/21/2022 3:48:07 PM
Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.
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World
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International
6/20/2022 7:28:17 PM
Pope Francis has fuelled the rumour mill with a postponed Africa trip and the curious timing of an upcoming meeting of cardinals, but experts caution against assuming a resignation is nigh.
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War in Ukraine
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Military
6/20/2022 3:19:36 PM
Russia's military was grinding down Ukraine's defenses on Monday, with combat in eastern areas entering a ``decisive'' phase, as the war's consequences for food and fuel supplies increasingly weighed on minds around the globe.
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World
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International
6/20/2022 11:32:19 AM
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.
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