US carriers’ cost struggle overshadows travel demand surge
CHICAGO — US carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about...
ECB hikes rates, throws lifeline to indebted countries
FRANKFURT — The European Central Bank (ECB) raised interest rates by more than expected on Thursday as concerns about runaway inflation trumped worries about...
Heatwave fee for Asia’s gig workers does little to cool climate stress
HO CHI MINH CITY/BANGKOK — As a heatwave engulfed northern and central Vietnam earlier this month, customers reaching for their phones to order food or a ride on the Grab app learned they would have to pay a surcharge.
Sri Lanka swears in new president amid worst economic crisis in decades
COLOMBO — Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka’s new president on Thursday, a day after winning a vote in parliament and urging the island nation to come together to find a way out of its worst economic crisis in decades.
Thailand admits to using phone spyware, cites national security
BANGKOK — A Thai minister has admitted the country uses surveillance software to track individuals in cases involving national security or drugs, amid revelations that government critics’ phones had been hacked using the Israeli-made Pegasus spyware.
Nigerian bakers suspend production over high costs
ABUJA -— Nigerian bread makers suspended production from Wednesday to protest against soaring prices of ingredients such as flour and sugar, bakers associations said.
Protests and street blockades against soaring prices persist in Panama
PANAMA CITY — Hundreds of people took to the streets of Panama on Wednesday to protest the government’s failed efforts to stem the rising...
Biden stops short of declaring climate emergency, takes steps on wind power
SOMERSET, Mass./WASHINGTON — US President Joseph R. Biden, Jr., said on Wednesday that climate change is an emergency but stopped short of a formal...
ECB to finally join rate hike club with big move on agenda
FRANKFURT — The European Central Bank (ECB) will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged move...
EU tells members to cut gas usage amid new Putin warning
BRUSSELS/LONDON — The European Union (EU) told member states on Wednesday to cut gas usage by 15% until March as an emergency step after...
China says US is ‘maker of security risks’ after Taiwan Strait sailing
BEIJING — The United States is a “maker of security risks” in the Taiwan Strait with its frequent provocations there, China’s military said on Wednesday after another US warship sailed through the sensitive waterway.
New Zealand unveils new investor migrant visa
WELLINGTON — The New Zealand government said on Wednesday that it had created a new investor migrant visa to attract experienced, high-value investors to invest in domestic businesses.