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With no fuel and no cash, Sri Lanka keeps schools closed

COLOMBO, Sri Lanka — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn’t enough fuel…

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French energy giants: Reduce fuel and electricity use now

PARIS — Leaders of three French energy companies called on the French public Sunday to immediately reduce consumption of fuel,…

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Senior US officials visit Sri Lanka to help resolve crisis

COLOMBO, Sri Lanka — Senior U.S. officials arrived in Sri Lanka on Sunday to find ways to help the island…

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EU leaders tackle inflation, energy shocks from Russia’s war

BRUSSELS — A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday…

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A world apart, Lebanon and Sri Lanka share economic collapse

BEIRUT — Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and…

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Crypto investors’ hot streak ends as harsh ‘winter’ descends

NEW YORK — The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies…

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Foreigners pay more for gas in Hungary. It risks an EU fight

BUDAPEST, Hungary — Hungary has discounted the price of gasoline at the pump. But not if you have a foreign…

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Surging inflation clears way for biggest Fed hike in years

WASHINGTON — The Federal Reserve is expected Wednesday afternoon to announce its largest interest rate hike since 1994 — a…

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The risk of recession is growing. Here’s why recessions may be inevitable

The U.S. has experienced at least 30 recessions throughout history, dating back as early as 1857. Some economists argue that…

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UN chief: Governments’ inaction on climate is ‘dangerous’

BERLIN — U.N. Secretary-General António Guterres warned Tuesday of a “dangerous disconnect” between what scientists and citizens are demanding to…

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