California may punish oil companies for high gas prices

Newsom, a Democrat, reacted by attacking the oil industry, specifically the five companies that provide 97% of gasoline in the state.

A first-in-the-nation bill to punish oil companies for profiting from price spikes at the pump breezed through the California Senate on Thursday at the urging of Democratic Gov.

He asked the Democratic-controlled state Legislature to pass a new tax on oil company profits, arguing it would protect consumers by preventing price spikes

Gavin Newsom, the first major vote in an effort to pass the law by month's end. (LaPresse)

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adults say they have high confidence in the nation’s banks and other financial institutions, a new poll finds. In the United States, the tumult has raised questions among policymakers about 2018 legislation that rolled back strict regulations put in place after the financial crisis. (LaPresse)

Two important areas of agreement appear in hand: Canada will escalate its timeline for military upgrades to the North American Aerospace Defense Command and the two nations will reach an agreement on migration, a senior Canadian official told The Associated Press. (LaPresse)

He had said his return to the national team was in doubt after the World Cup, but eventually decided it was not time “to throw in the towel. He had tied Kuwait’s Bader Al-Mutawa with 196 caps after coming off the bench in Portugal’s loss to Morocco in the quarterfinals of the World Cup last year. (LaPresse)

EU foreign and defense ministers approved the plan for a fast-track purchasing procedure earlier this week, and the leaders of the bloc’s 27 member nations gave it their political blessing at a summit in Brussels Thursday. (LaPresse)

German Foreign Minister Annalena Baerbock urged North Macedonia’s leaders Thursday to deliver on a pledge to amend the constitution to speed up the country's path toward European Union membership. “Now that the constitution must be changed, I can only encourage you to do so (LaPresse)

After his interview broadcast on national television, critics attacked Macron, describing him as “self-satisfied,” “out of touch” and “offensive.” Some suggested that the president is playing with fire amid strikes and daily demonstrations, some leading to clashes with police. (LaPresse)