Month: May 2022

By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — Attorneys for the state of West Virginia and two remaining pharmaceutical manufacturers have reached a tentative $161.5 million settlement. Attorney General Patrick Morrisey announced the development as closing arguments were set to begin in a 7-week trial. The state sued Teva Pharmaceuticals, AbbVie’s Allergan and their

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency is proposing restrictions that would block plans for a copper and gold mine in Alaska’s Bristol Bay region. It is the latest in a long-running dispute over efforts by developers to advance the mine in a region known for its salmon

BRUSSELS (AP) — The European Commission is proposing to confiscate the frozen assets of oligarchs who try to violate the bloc’s sanctions adopted in response to the Russian war in Ukraine. The EU’s executive arm on Wednesday proposed two EU laws that would require the bloc’s 27 member states to cede a degree of jealously

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — European Union efforts to impose an embargo on Russian oil are facing more roadblocks. Hungarian officials say they will not back the plan in its current form. They have recommended removing the topic from the agenda of an EU leaders’ summit next week. The EU has

By SALLY FRENCH of NerdWallet Many airlines, including Southwest Airlines and Delta Air Lines, have resumed full beverage, alcohol and in-flight meal services since cutting refreshment offerings early on in the pandemic. Alcohol, specifically, had possibly gotten the ax as a way to protect flight attendants and passengers alike — both from the spread of

PARIS (AP) — Several hundred climate protesters have disrupted a TotalEnergies shareholders meeting in Paris. They blocked the entrance to the gathering Wednesday to denounce the oil and gas giant’s stake in Russia despite Moscow’s war in Ukraine. TotalEnergies tweeted that due to activists impeding access to the meeting, “it unfortunately won’t be possible for

By MICHAEL CANTU Edmunds Jeep has resurrected its Grand Wagoneer nameplate as a new three-row luxury SUV. It’s the brand’s most expensive SUV and offers impressive power and top-notch tech. But is the all-new Jeep good enough to take down the long-running and successful Cadillac Escalade? Edmunds compares them to find out.

By JILL LAWLESS Associated Press LONDON (AP) — An investigative report released Wednesday blamed British Prime Minister Boris Johnson and other senior leaders for allowing boozy government parties that broke the U.K.’s COVID-19 lockdown rules, and while Johnson said he took “full responsibility” for the breaches, he insisted he would not resign. Revelations that Johnson

By KELVIN CHAN AP Business Writer DAVOS, Switzerland (AP) — The risks to the global economy are leading to an increasingly gloomy view of the months ahead for corporate leaders, government officials and other VIPs gathered at the World Economic Forum meeting in Davos, Switzerland. The issues range from soaring inflation, Russia’s war in Ukraine,

BERLIN (AP) — Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion. The Anglo-Swiss company said late Tuesday that it will pay $700 million to resolve a U.S. bribery probe and a further $486

By ELENA BECATOROS Associated Press BAKHMUT, Ukraine (AP) — Chunks of thick, twisted metal and wood splinters lie among the swings and slides in the playground outside a bombed-out school. Some streets away, a yellow bathtub dangles over the void left when part of an apartment building collapsed in a bombing. The eastern Ukrainian town

By ELENA BECATOROS and YURAS KARMANAU Associated Press KRAMATORSK, Ukraine (AP) — Piano music wafted from an apartment block on a recent spring evening in Kramatorsk, blending with distant artillery fire for a surreal soundtrack to a bomb-scarred neighborhood in the eastern Ukrainian city. Everywhere in Ukraine, the 3-month-old war never seems to be far

By ROB HARRIS AP Global Soccer Writer LONDON (AP) — Roman Abramovich’s 19-year ownership of Chelsea is ending after the British government approved the sale of the Premier League club by the sanctioned Russian oligarch to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. The government had to be sure that Abramovich, who

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — A senior Turkish official insisted after talks with Swedish and Finnish officials Wednesday that Turkey would not agree to the two Nordic countries joining NATO unless specific steps are taken to address Ankara’s objections. “We have made it very clear that if Turkey’s security concerns are

ASHOK SHARMA Associated Press NEW DELHI (AP) — India is restricting its sugar exports to 10 million tons in the current season to help maintain domestic availability and keep prices stable. The decision follows a similar measure for wheat and comes amid signs of tightening world supplies. India is the second-largest producer and biggest consumer

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister to try to address the nation’s devastating economic crisis. President Gotabaya Rajapaksa named Wickremesinghe to the position in an apparent bid to regain Sri Lanka’s credibility as the government negotiates a

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Thursday after notes from the Federal Reserve’s latest meeting confirmed expectations for more interest rate hikes but contained no surprises to rattle investors. Benchmarks in Hong Kong and Sydney declined while Tokyo, Shanghai and Seoul were higher. Oil prices also advanced.