EU edges closer to $60-per-barrel Russian oil price cap

BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia’s supplies flowing into global markets while clamping down on President Vladimir Putin’s ability to fund his war in Ukraine. EU nations sought to … Read more

Jiang Zemin, who guided China’s economic rise, dies

BEIJING (AP) — Jiang Zemin, who led China out of isolation after the army crushed the Tiananmen Square pro-democracy protests in 1989 and supported economic reforms that led to a decade of explosive growth, died Wednesday. He was 96. Jiang, who was president for a decade until 2003 and led the ruling Communist Party for … Read more

Cambodian leader leaves G-20 early after COVID-19 diagnosis

NUSA DUA, Indonesia (AP) — Cambodian Prime Minister Hun Sen said Tuesday he has COVID-19 and is leaving the Group of 20 meetings in Bali, just days after hosting President Joe Biden and other world leaders for a summit in his country’s capital. The diagnosis came as the heads of the G-20 leading economies and … Read more

Ukraine FM: Moscow playing ‘hunger games’ with the world

PHNOM PENH, Cambodia (AP) — Ukraine’s Foreign Minister Dmytro Kuleba pressed Southeast Asian countries for political and material support in his county’s fight against Russiawhile accusing Moscow on Saturday of playing “hunger games” with the world by holding up shipments of Ukrainian grain and other agricultural products. Kuleba told reporters on the sidelines of the … Read more

Computer chip ban signals new era as Biden and Xi meet

WASHINGTON (AP) — The Biden administration’s move to block exports of advanced computer chips to China is signaling a new phase in relations between the globe’s two largest economies — one in which trade matters less than an increasingly heated competition to be the world’s leading technological and military power. The aggressive move, announced last … Read more

Russia suspends Ukraine grain deal over ship attack claim

KYIV, Ukraine (AP) — Russia announced Saturday that it will immediately suspend its implementation of a UN-brokered grain deal that has seen more than 9 million tons of grain exported from Ukraine during the war and has brought down soaring global food prices. The Russian Defense Ministry cited an alleged Ukrainian drone attack Saturday against … Read more

US busts network providing technology to Russian military

WASHINGTON (AP) — The Biden administration on Wednesday announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from US manufacturers and illegally supply them to Russia for its war in Ukraine. Some of the equipment was recovered on battlefields in Ukraine, the Justice Department said, and other … Read more

China lashes out at latest US export controls on chips

BEIJING (AP) — China on Saturday criticized the latest US decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the US “Out of the need to maintain its sci-tech … Read more

Russia poised to annex occupied Ukraine after sham vote

KYIV, Ukraine (AP) — Russia was poised Wednesday to formally annex parts of Ukraine where occupied areas held a Kremlin-orchestrated “referendum” — denounced by Kyiv and the West as illegal and rigged — on living under Moscow’s rule. Armed troops had gone door-to-door with election officials to collect ballots in five days of voting. The … Read more

North Korea denies sending arms to Russia amid Ukraine war

SEOUL, South Korea (AP) — North Korea says it hasn’t exported any weapons to Russia during the war in Ukraine and has no plans to do so, and said US intelligence reports of weapons transfers were an attempt to tarnish North Korea’s image. In a state media report Thursday, an unnamed North Korean defense official … Read more