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Egypt's inflation rate continues to surge amid Ukraine war

CAIRO (AP) — Egypt’s annual inflation rate continues to surge amid Russia’s ongoing war in Ukraine that has shaken the global economy, the country’s statistics bureau announced Tuesday. The inflation rate was up 2.8%, reaching around 14.9% in April, up from 12.1% in March, the...

EXPLAINER: Why is Hungary blocking sanctions on Russian oil?

BUDAPEST, Hungary (AP) — As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member nations. The president of the EU's executive commission, Ursula von der...