Ukraine inflicts ‘major operational defeat’ on Russia as its forces retreat

A military truck bearing Russia invasion forces’ “Z” symbol lies blasted in the town of Balakliya, which Ukrainian troops liberated over the weekend. Anadolu Agency | Anadolu Agency | Getty Images Ukraine’s surprise counterattack in the northeast of the country has sent shock waves through the Russian army, with military strategists saying occupying forces have … Read more

Everything we learned at Disney’s parks panel at the 2022 D23 Expo

A masked family walks past Cinderella Castle in the Magic Kingdom, at Walt Disney World in Lake Buena Vista, Fla. Orlando Sentinel | Tribune News Service | Getty Images Disney‘s theme parks are on the rebound after the coronavirus pandemic shut down its domestic and international locations in 2020. Revenue is growing for Disney’s parks, … Read more

TikTok challenge spurs rise in thefts of Kia, Hyundai cars

A dangerous challenge spreading on TikTok and other social media platforms has car owners and police departments on alert across the country — challenging young teens to steal certain cars off the street using a USB cord. The target? Certain makes and models of 2010-2021 Kia and Hyundai vehicles that use a mechanical key, not … Read more

Queen Elizabeth II’s death marks a new era for Britain, beset by economic uncertainty

Crowds gather in front of Buckingham Palace to pay their respects following the death of Queen Elizabeth II in Balmoral, on September 8, 2022 in London, England. Leon Neal | Getty Images Entertainment | Getty Images LONDON — The death of Queen Elizabeth II marks the start of a new era for the U.K. — … Read more

Queen Elizabeth II of Britain, world’s longest-serving monarch, dies at 96

The Royal Family tweeted: The Queen died peacefully at Balmoral this afternoon. The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow. The Royal Family via Twitter Queen Elizabeth II, the world’s longest-serving monarch who as a teen witnessed the horrors of World War II and as … Read more

Shipping rates are still falling, in another sign that a global recession may be coming

Freight rates have continued to fall as global trade volumes slow as a result of shrinking demand for goods, the latest data from S&P Global Market Intelligence showed.  While freight rates have also fallen due to the easing in supply chain disruptions that were built up over the pandemic, a lot of the slowdown in … Read more

OPEC+ output cut is mostly a ‘political snub’ and sends symbolic message, analysts say

OPEC+’s decision to implement a small production output cut is more of a political statement and symbolic message sent by the alliance, analysts said. On Monday, the group announced a small oil production cut of 100,000 barrels per day to bolster prices. Just last month, OPEC+ decided to raise oil output by the same target … Read more

‘We can ride out the storm’: Liz Truss promises immediate action on energy bills in first speech as UK PM

Liz Truss promised to tackle soaring energy bills in her first speech as U.K. prime minister outside 10 Downing Street. Leon Neal / Staff / Getty Images LONDON — Britain’s new prime minister, Liz Truss, made her first speech Tuesday, promising to tackle rising energy bills and the cost-of-living crisis in the next couple of … Read more

Former Trump energy secretary says EU efforts to control energy costs are like a Ponzi scheme

Some of the measures that European governments have taken to keep electricity costs down can be described as a “Ponzi scheme,” according to Dan Brouillette, who served as energy secretary under the Trump administration. “One of the easiest policy levers if you will, is that you can pass a bill, appropriate money and give money … Read more

Euro slides below 99 cents after Russia halts gas supplies to Europe

10 and 5 euro notes. Adrien Fillon | Nurphoto | Getty Images LONDON — The euro fell below 99 cents for the first time in 20 years Monday, after Russia said it would shut off its main gas supply pipeline to Europe indefinitely. The EU’s common currency was trading around 0.9911 versus the dollar by 10:00 a.m. … Read more