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AP National Business

EU Commission proposes rules to better fight greenwashing

BRUSSELS (AP) — The European Union’s executive arm has proposed rules to protect consumers from businesses selling goods labeled as green which actually aren’t. The European Commission said greenwashing was a notable problem, with 53% of green claims on products or services making “vague, misleading or unfounded information.” With its “green claims” directive unveiled on

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MacKenzie Scott sets new ‘open call’ to donate $250 million

By GLENN GAMBOA AP Business Writer MacKenzie Scott is launching a $250 million “open call” for community-focused nonprofits that the billionaire philanthropist can fund. Through her organization Yield Giving, Scott plans to make unrestricted $1 million donations to 250 nonprofits selected in the process, which she calls a “new pathway to support for organizations making

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Yellen says bank situation stabilizing, different from 2008

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen says she’s focused on stabilizing the U.S. banking system following regional bank failures in California and New York. Yellen says additional bank rescue arrangements “could be warranted” if new failures at smaller institutions jeopardize financial stability. Yellen spoke Tuesday at the American Bankers

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UN: Months after Pakistan floods, millions lack safe water

By MUNIR AHMED Associated Press ISLAMABAD (AP) — The United Nations children’s agency says that after last summer’s devastating floods, 10 million people in Pakistan, including children, still live in flood-affected areas without access to safe drinking water. Tuesday’s statement underscored the dire situation in this impoverished country where the floods killed 1,739 people, including

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Safety board: Alabama derailed train lacked needed couplers

SPRINGFIELD, Ohio (AP) — Federal investigators say a Norfolk Southern train that derailed in Alabama earlier this month lacked required alignment control couplers and a company inspection didn’t identify their absence. The notation comes in one of three preliminary reports issued Monday by the National Transportation Safety Board about Norfolk Southern train accidents this month.

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