Venezuela plans stock comes out in break from socialist model

CARACAS, Venezuela — Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism. The government on Monday intends to offer 5% to 10% stakes in companies ranging from telephone and internet service providers to a petrochemical producer. In another country, those … Read more

Wilkinson says White House, senators have ‘sympathy’ for Canada’s position on Line 5

White House officials, Capitol Hill lawmakers and the US secretary of energy have all expressed “significant sympathy” for the plight of Canada’s Line 5 pipeline, Natural Resources Minister Jonathan Wilkinson said Thursday after a day of meetings in the US capital. President Joe Biden’s administration understands the cross-border pipeline’s ongoing role in securing North American … Read more

Biden goes on the defensive over inflation and gas prices as he tries to shift the focus to Republicans

CNN — President Joe Biden on Tuesday blamed the Covid-19 pandemic and Russia’s war in Ukraine for troubling economic news as he and his administration went on the defensive over mounting inflation and rising gas prices. The President’s speech at the White House was advertised by his advisers as being focused on his plan to … Read more

Suncor’s strong earnings may not be enough to fend off shareholder pressure: experts

Suncor Energy Inc. now has strong first quarter earnings in its arsenal and a publicized plan to improve worker safety, but some observers say that won’t be enough for the Calgary-based oil giant to fend off an aggressive activist investor. Speaking publicly Tuesday for the first time since US-based Elliott Investment Management called for changes … Read more

Sri Lankan prime minister resigns after weeks of protests

COLOMBO, Sri Lanka — Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday following weeks of protests demanding that he and his brother, the president, step down over the country’s worst economic crisis in decades, an official said. An aid to the prime minister, Wijayananda Herath, confirmed that Rajapaksa submitted a letter of resignation to President … Read more

Crews work through 2nd night after Cuba hotel blast kills 27

The search continues for victims of a hotel explosion that killed at least 27 people in Cuba’s capital and left more than a dozen missing amid the rubble By ANDREA RODRIGUEZ Associated Press May 8, 2022, 3:54 AM • 3 min read Share to FacebookShare to TwitterEmail this article HAVANA — Crews worked through a … Read more

Ukraine repels some attacks but combat rages at steel mill

LVIV, Ukraine — Ukrainian forces said Thursday they repelled Russian attacks in the east and recaptured some territory, even as Moscow moved to obstruct the flow of Western weapons to Ukraine by bombarding rail stations and other supply-line targets across the country. Heavy fighting also raged at the Azovstal steel mill in Mariupol that represented … Read more

Venezuela’s Maduro, others meet with Iran oil minister

Venezuelan President Nicolás Maduro and high-ranking officials from the South American nation have met with the oil minister of Iran to discuss cooperation in energy matters and efforts to defeat economic sanctions imposed by the US and its allies ByAssociated Press May 4, 2022, 9:21 PM • 2min read Share to FacebookShare to TwitterEmail this … Read more

EU proposes ban on Russian oil imports, removes Sberbank from Swift

London CNN Business — The European Union is proposing to ban all oil imports from Russia by the end of this year and remove the country’s biggest bank, Sberbank, from the SWIFT international payments network. But the plan immediately ran into opposition from EU countries seeking a longer transitional period, including Hungary, which has reportedly … Read more

Balkan leaders meet to support gas project rivaling Russia

A top European Union official is joining the leaders of four Balkan countries on a tour of liquefied natural gas facilities being built in northern Greece to challenge Russia’s energy dominance in the region ByAssociated Press May 3, 2022, 10:45 AM • 2min read Share to FacebookShare to TwitterEmail this article ATHENS, Greece — A … Read more