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

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

Fed’s Powell facing rising criticism for inflation missteps

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved higher and far more persistent than he or the Fed’s staff economists … Read more

How much for gas? Around the world, pain is felt at the pump

COLOGNE, Germany (AP) – At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($ 23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly. “I’m getting rid of my car this October, … Read more

France reshaped: Election emboldens Le Pen, undercuts Macron

PARIS (AP)-France faced an ecstatic Marine Le Pen on Monday after her party’s far-right candidates sent shockwaves through the political establishment and helped deny President Emmanuel Macron’s centrist alliance a majority in parliament. The surprising breakthrough for the far right – alongside a surge in support for hard-left candidates-undercuts Macron’s leadership, threatens his plans to … Read more

Despite Western arms, Ukraine is outgunned in the east

BAKHMUT, Ukraine (AP)-Holed up in a bombed-out house in eastern Ukraine, Ukrainian troops keep a careful accounting of their ammunition, using a door as a sort of ledger. Scrawled in chalk on the door are figures for mortar shells, smoke shells, shrapnel shells, flares. Despite the heavy influx of weapons from the West, Ukrainian forces … Read more

‘It’s just hell there’: Russia still pounds eastern Ukraine

KYIV, Ukraine (AP) – Russia’s military kept on grinding down Ukraine’s defenses Monday, with combat in eastern areas said to be entering a “decisive” phase, as the war’s consequences for food and fuel supplies increasingly weighed on minds around the globe. In Ukraine’s eastern Luhansk region, which in recent weeks has become the focal point … Read more

How much for gas? Around the world, pain is felt at the pump

COLOGNE, Germany (AP) – At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($ 23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly. “I’m getting rid of my car this October, … Read more

Morale is concern as NATO chief warns war could last ‘years’

KYIV, Ukraine (AP) – Four months of war in Ukraine appear to be straining the morale of troops on both sides, prompting desertions and rebellion against officers’ orders, British defense officials said Sunday. NATO’s chief warned the fighting could drag on for “years.” “Combat units from both sides are committed to intense combat in the … Read more