May US producer prices soared 10.8 % as energy prices jumped

FAN Editor

WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Tuesday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — rose […]

China city mayor apologizes over COVID-19 lockdown response

FAN Editor

BEIJING — The mayor of a northeastern Chinese city on the North Korean border that has been under lockdown for more than 50 days has apologized for failures in his administration’s work amid widespread — but often disguised — dissatisfaction over the government’s heavy-handed approach to handling the pandemic. Dandong […]

US envoy talks with Lebanese on border dispute with Israel

FAN Editor

BEIRUT — The U.S. envoy mediating between Lebanon and Israel over their disputed maritime border met Lebanese President Michel Aoun on Tuesday in Beirut for talks on ways of reaching a solution amid rising tensions along the tense boundary. Amos Hochstein, a senior adviser for energy security at the U.S. […]