The latest on the Russia–Ukraine crisis, May 30. Click here for updates from May 29. Germany’s Scholz: EU Oil Agreement ‘Sooner or Later’ German Chancellor Olaf Scholz says he’s confident that a “good solution” to a standoff over a proposed European Union embargo on Russian oil will be found “sooner or later.” Scholz said as…
LIVE UPDATES: Ukrainian Defenders Hold out in Donbas City Under Heavy Fire
The latest on the Russia–Ukraine crisis, May 30. Click here for updates from May 29. Ukrainian Defenders Hold out in Donbas City Under Heavy Fire Russian forces intensified their attacks with barrages of heavy artillery to capture a key Ukrainian city in the southeastern region of Donbas, whose full takeover Moscow’s top diplomat said was…
LIVE UPDATES: Heavy Fighting as Russian Troops Enter Outskirts of Sievierodonetsk
The latest on the Russia–Ukraine crisis, May 30. Click here for updates from May 29. Heavy Fighting as Russian Troops Enter Outskirts of Sievierodonetsk Russian troops have entered the outskirts of the Ukrainian city of Sievierodonetsk, the regional governor said on Monday, describing “very fierce” fighting in the ruins of a city that has become…
SEC Looking Into Musk’s Twitter Stake Purchase
WASHINGTON—The Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc in early April, according to a letter the agency sent to him that month. In the letter, now made public by the SEC, the regulator asks Musk why it appears he did not…
US’s China-Tariff Review Likely to Take Months, Aide Says
May 29, 2022
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Business & EconomyChinaChina Business & Economyeconomic policieseconomytariffUSUS NewsUS-China relations
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By Eric Martin From Bloomberg News The United States’ review of tariffs on more than $300 billion in Chinese imports that’s required as the duties reach their four-year anniversary will likely take months, a top trade official said. At the same time, that won’t prevent the Biden administration from taking other steps such as exclusions…
Looming Price Hikes on Food Set to Hit Americans This Fall
In its effort to contain inflation, the Federal Reserve has launched what many expect to be an ongoing series of interest rate increases, which are already taking a toll on stock and housing markets, with job losses likely to follow. As weary as Americans have become from paying record high gas and grocery prices, however,…
Serbia Agrees to New 3-year Gas Supply Contract With Russia
May 29, 2022
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Aleksandar VucicBusiness & Economyeconomic policieseconomyEuropeGazpromMarketsRussia-Ukraine WarRussian President Vladimir PutinWorld
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BELGRADE—Serbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin. “I can not speak about the price now, all details will be agreed with Gazprom,” Vucic told reporters. Vucic said that he had agreed with Putin that the price of…
Flight Cancellations Pile Up on Busy Memorial Day Weekend
ATLANTA—Hundreds of flights worldwide were cancelled by mid-afternoon Sunday, adding to the mounting number of scrubbed flights during the busy Memorial Day holiday weekend in the United States. More than 1,260 flights had been canceled as of 2:30 p.m. ET Sunday, according to flight tracking website FlightAware. That followed more than 2,300 cancellations Friday and…
Rep. Madison Cawthorn Under Scrutiny For Suspicious Crypto Trading Activity
May 29, 2022
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Business & EconomycryptocurrencyCryptocurrency ScamsLet's Go BrandonMarketsPoliticsRep. Madison CawthornRepublicansUS
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Representative Madison Cawthorn (R-N.C.) revealed in a filing on Friday that he had sold more than $250,000 worth of “Let’s Go Brandon” (LGB) meme cryptocurrency on Dec. 31, 2021, the day the value of the digital coin peaked before it lost much of its value. At a party on Dec. 29, 2021, Cawthorn posed with…
Fearful Elites Shield Globalization From Democracy
Are ordinary people served or threatened by globalization? The term itself, of course, means different things depending on who is using it. But the form of globalization that has provoked populist-oriented passions in both hemispheres in recent years has at its heart the determination to suppress people’s exercise of the powers of representative government. If,…
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