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US, allies aim to cap Russian oil prices to hinder invasion

WASHINGTON (AP) — With thousands of sanctions already imposed on Russia to flatten its economy, the U.S. and its allies are working on new measures to starve the Russian war machine while also stopping the price of oil and gasoline from soaring to levels that could crush the global economy....

With US dollar nearly equal to euro, impact is being felt

WASHINGTON (AP) — The U.S. dollar has been surging so much that it's nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as a...

Bitcoin plunges as major crypto lender halts operations

NEW YORK (AP) — The price of bitcoin and other cryptocurrencies crumbled Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It's the latest high-profile collapse of a pillar of the...

Syria's gas discoveries expose regime's exaggerations

The Syrian Oil Minister  announced on Monday the entry of the "Zamlat Al-Mahra 1" gas well into production near the historic city of Palmyra in the Syrain desert. Minister Bassam Tohme indicated to the improvement of the electrical situation in the country during the next stage, as...