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Macron says no regrets over Uber talks

French President Emmanuel Macron on Tuesday acknowledged holding discussions with Uber executives when he was economy minister from 2014-2016, saying he was "proud" of it and would do the same again.

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Euro strikes dollar parity as eurozone recession fears mount

The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone. 

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Turkey to host Russia-Ukraine-UN grain talks

Turkey said it will host Russian and Ukrainian delegations together with UN diplomats on Wednesday to discuss the resumption of stalled grain deliveries across the Black Sea.

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Gas pipeline shutdown starts amid German suspicion of Russia

A major gas pipeline from Russia to western Europe shut down for annual maintenance on Monday amid concern in Germany that Russia may not resume the flow of gas as scheduled.

The Nord Stream 1 pipeline runs under the Baltic Sea from Russia to Germany and is the latter's main source of Russian gas. Gas is usually sent onward to other countries as well. It is scheduled to be out of action until July 21 for routine work that the operator says includes "testing of mechanical elements and automation systems." The operator's data showed the gas flow dropping as planned on Monday morning.

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Oil minister says Iraq to act to annul Kurdish oil deals

Iraq's oil minister has said the government will take steps to enforce a recent court decision to annul oil contracts the semiautonomous northern Iraqi Kurdish region made with international companies.

The minister, Ihsan Abdul-Jabbar Ismail, told The Associated Press the deals, which circumvent the government in Baghdad, are illegal and amount to oil smuggling.

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US futures point higher, world shares rise on flurry of news

Wall Street pointed higher Thursday ahead of two days of U.S. employment data that could offer hints as to how employers are managing spiraling costs and rising interest rates with the Federal Reserve pursuing an aggressive push to reign in inflation.

Futures for the Dow Jones industrials rose 0.5% and futures for the S&P 500 gained 0.4%. Lower oil prices have eased inflation anxiety somewhat.

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The consequences of the euro's fall against the dollar

The euro fell below $1.02 this week to its lowest level in 20 years. Here are the concrete consequences of the decline in the value of the single European currency. 

- On inflation, purchasing power -Nearly half of all goods imported into the Eurozone are invoiced in dollars, compared to less than 40 percent in euros, according to the European statistics authority, Eurostat. 

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Sri Lanka's central bank raises key rates to curb inflation

Sri Lanka's Central Bank has raised its key interest rates to 14.50% and 15.50% to try to contain inflation that has added to the country's economic woes.

Recent price hikes have been a severe blow, especially for the South Asian country's poor and vulnerable groups as they endure their country's worst economic crisis in memory, struggling with acute shortages of essentials such as food, fuel, cooking gas and medicines.

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German lawmakers back plan to expand renewable energy

German lawmakers on Thursday approved a major package of reforms aimed at boosting the production of renewable power, as Chancellor Olaf Scholz warned that the country has for too long relied on energy supplies from Russia.

The government unveiled its 600-page "Easter package" in April, less than two months after Russia's invasion of Ukraine escalated the simmering energy crisis between Moscow and western European neighbors, many of which were buyers of Russian fossil fuels.

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Inflation pushed 71M people into poverty since Ukraine war

A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's invasion of Ukraine, the United Nations Development Program said in a report Thursday.

The UNDP estimates that 51.6 million more people fell into poverty in the first three months after the war, living off $1.90 a day or less. This pushed the total number globally at this threshold to 9% of the world's population. An additional 20 million people slipped to the poverty line of $3.20 a day.

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