A world apart, Lebanon and Sri Lanka share economic collapse

A world apart, Lebanon and Sri Lanka share economic collapse

BEIRUT (AP)-Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger. Snaking queues for gas. … Read more

Ukrainian army leaving battered city for fortified positions

KYIV, Ukraine (AP) – After weeks of ferocious fightingUkrainian forces have begun retreating from a besieged city in the country’s east to move to stronger positions, a regional official said Friday, the four-month mark in Russia’s invasion. The planned withdrawal from Sievierodonetsk, the administrative center of the Luhansk region, comes after relentless Russian bombardment that … Read more

Hong Kongers reflect on Taiwan, an imperfect exile

TAIPEI, Taiwan (AP)-For Lam Wing-kee, a Hong Kong bookstore owner who was detained by police in China for five months for selling sensitive books about the Communist Party, coming to Taiwan was a logical step. An island just 640 kilometers (400 miles) from Hong Kong, Taiwan is close not just geographically but also linguistically and … Read more

FDA orders Juul Labs to remove products from US market

CNN – The US Food and Drug Administration has ordered Juul Labs Inc. products to be removed from the US market as the agency issued marketing denial orders for its vaping devices and pods. “As a result, the company must stop selling and distributing these products. In addition, those currently on the US market must … Read more

Afghans bury dead, dig for survivors of devastating quake

GAYAN, Afghanistan (AP) – Villagers rushed to bury the dead Thursday and dug by hand through the rubble of their homes in search of survivors of a powerful earthquake in eastern Afghanistan that state media reported killed 1,000 people. Residents appeared to be largely on their own to deal with the aftermath as their new … Read more

Russians advance on war’s front line in eastern Ukraine

KYIV, Ukraine (AP) – The Russian military extended its grip on territory in eastern Ukraine as it seeks to cut supply lines and encircle frontline Ukrainian forces, while the Ukrainian military announced Thursday the arrival of powerful US multiple-launch rocket systems it hopes will offer a battlefield advantage. Ukrainian forces withdrew from some areas near … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Airport chaos: European travel runs into pandemic cutbacks

LONDON (AP) – The airport lines are long, and lost luggage is piling up. It’s going to be a chaotic summer for travelers in Europe. Liz Morgan arrived at Amsterdam’s Schiphol Airport 4 1/2 hours before her flight to Athens, finding the line for security snaking out of the terminal and into a big tent … Read more

These dividend stocks yield at least 5% and have plenty of room to raise payouts

This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts considerably. There are different approaches to selecting dividend stocks. For example, John Kornitzer, who co-manages the Buffalo Flexible Income … Read more