Month: April 2022

By BHARATHA MALLAWARACHI and KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — An international human rights group is urging Sri Lankan authorities to conduct a prompt and impartial probe into a police shooting that left one person dead and 13 others injured during protests over the country’s worst economic crisis in decades. New York-based

BERLIN (AP) — Authorities in Belgium, Germany and the Netherlands have arrested 19 people following an international investigation of a major cocaine trafficking network. Police and the European Union’s law enforcement agency, Europol, made the announcement on Thursday. Authorities have been investigating the trafficking network since February 2021, when 34 tons of cocaine in three

By MATT OTT AP Business Writer WASHINGTON (AP) — Long-term U.S. mortgage rates rose for the seventh straight week, climbing to their highest level in more than a decade. The average rate on a 30-year mortgage rose to 5.11% from 5% last week, mortgage buyer Freddie Mac reported Thursday. The last time it was higher

By FATIMA HUSSEIN and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — The mounting economic damage to Ukraine from Russia’s ongoing bombardment has the U.S. and its allies speeding billions in aid to the beleaguered country — and looking for other sources of cash, including Russia itself. After the U.S. announced $1.3 billion in new economic

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The Omaha, Nebraska, railroad said Thursday it earned $1.6 billion, or $2.57 per

ANKARA, Turkey (AP) — The leader of Turkey’s main opposition party says authorities cut off the power supply to his home after he refused to pay his electricity bills in protest of high household energy prices. Residential and business customers were hit with exorbitant utility bills after Turkish authorities sharply raised electricity tariffs on Jan.

By MATT OTT AP Business Writer WASHINGTON (AP) — Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which

DETROIT (AP) — Ford is recalling more than 650,000 pickup trucks and big SUVs in the U.S. because the windshield wipers can break and fail. The recall covers certain F-150 pickups, and Ford Expedition and Lincoln Navigator SUVs from the 2020 and 2021 model years. Also included are F-250, 350, 450 and 550 trucks from

WARSAW, Poland (AP) — Officials in Poland say new methane explosions in a coal mine have injured 10 rescuers who were preparing to search for seven people missing since two blasts killed five a day earlier. The state Supreme Mining Authority says there were no fatalities from the new explosions Thursday night at the Pniowek

DALLAS (AP) — American Airlines says the first quarter was difficult, with another large loss, but it expects to turn a profit in the second quarter as more people return to travel. American said Thursday it lost $1.64 billion in the first quarter, which was marred by thousands of flight cancellations, many of them because

SEOUL, South Korea (AP) — South Korea says a fire has erupted at a now-shuttered inter-Korean industrial park in North Korea. Seoul’s Unification Ministry says the fire was detected from a front-line South Korean observatory post at about 2 p.m. Thursday and appeared to have been extinguished about an hour later. It says it will

By The Associated Press Europe is discussing a boycott of Russian oil over the Kremlin’s invasion of Ukraine. As Russia’s biggest customer for oil, the 27-country European Union could deal a blow to President Vladimir Putin’s state finances. But Europe would face higher prices and such a move could send an oil shock through a

By JILL LAWLESS Associated Press LONDON (AP) — British lawmakers have ordered a parliamentary investigation into Prime Minister Boris Johnson for allegedly lying about whether he broke coronavirus restrictions by attending illegal gatherings during the pandemic. The move, approved by cries of “aye” and without a formal vote in the House of Commons, means Parliament’s

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The United Nations’ highest court has ruled that Colombia breached Nicaragua’s rights in waters of the Caribbean Sea. The majority ruling of the International Court of Justice on Thursday gave Nicaragua a victory in a lengthy legal battle, although it may not fully end the

By MIKE CATALINI Associated Press BLOOMFIELD, N.J. (AP) — New Jersey’s recreational marijuana marketplace is open for business. Recreational sales of cannabis for adults 21 and older started Thursday, with the first alternative treatment centers opening early in the day. The start of the market comes a week after Democratic Gov. Phil Murphy announced that

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Zipline, an American company that specializes in using autonomously flying drones to deliver medical supplies, has taken off in Japan. They’re flying across the tiny Goto Islands, off the western coast of Kyushu, in southwestern Japan, delivering to pharmacies and hospitals. Zipline, founded six years ago,

BEIJING (AP) — A Russian news outlet says China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its attack on Ukraine. That cuts off a possible alternative after Visa and Mastercard stopped serving them. RBC reported UnionPay’s decision affects Sberbank, Russia’s biggest commercial bank,

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares have retreated, tracking losses on Wall Street after Federal Reserve Chair Jerome Powell indicated increases in interest rates must be faster to fight inflation. Major regional indexes cascaded downward in Asia, with the drop pronounced at nearly 2% in Tokyo. Japan’s consumer price index