AP National Business

SEOUL, South Korea (AP) — South Korean police have detained dozens of truckers blocking traffic and disrupting movement of goods near factories as a nationwide strike extends into a fourth day. The truckers are urging the government to provide a minimum income in the face of soaring fuel prices that are squeezing their finances. Government

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — A Russian suspect in the 2014 downing of Malaysia Airlines flight MH17 over eastern Ukraine has appealed in a video statement to a Dutch court to be declared innocent. The statement Friday came as judges adjourned the long-running trial of three Russians and a Ukrainian

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. The S&P 500 sank 2.9% to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of

BELLINGHAM, Wash. (AP) — The Washington Supreme Court has temporarily halted evictions for people living in certain households on Nooksack Tribal Land who were contentiously disenrolled from the tribe. Cascadia Daily News reports a panel of justices on Tuesday granted an injunction requiring the Nooksack Indian Tribe in northwestern Washington to put the evictions on

CAMDEN, N.J. (AP) — A New Jersey man has admitted to illegally selling unregistered pesticides as a COVID-19 defense to government and municipal entities. Paul Andrecola pleaded guilty Thursday in federal court in Camden to wire fraud and other charges. A criminal complaint alleges the 63-year-old Burlington County man made and sold pesticides that weren’t

By MARGARET STAFFORD Associated Press KANSAS CITY, Mo. (AP) — Geico may have to pay $5.2 million to a woman who says she contracted a disease during sex in a car with a man insured by the company. A Missouri Court of Appeals panel on Tuesday upheld the award to a woman identified in court

The Associated Press Stocks are closing sharply lower on Wall Street Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 fell and is on track for its ninth losing week in the last 10. The losses for markets began across the Atlantic after

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Five Below, Zendesk fall; Oxford, Signet rise.

By HALELUYA HADERO AP Business Writer A federal labor board has denied Amazon’s request to bar the public from a hearing on the company’s bid to overturn a historic union win at one of its Staten Island, New York, warehouses. Hearings by the National Labor Relations Board are typically held in person and open to

BEIRUT (AP) — The leader of Lebanon’s militant Hezbollah group has threatened to strike a gas rig Israel is setting up in the Mediterranean Sea and that Lebanon claims is in a disputed maritime area between the two countries. Israel says the location is part of its U.N.-recognized exclusive economic zone. Hezbollah’s Hassan Nasrallah denounced

The Associated Press Benchmark U.S. crude oil for July delivery fell 60 cents to $121.51 a barrel Thursday. Brent crude for August delivery fell 51 cents to $123.07 a barrel. Wholesale gasoline for July delivery rose 6 cents to $4.28 a gallon. July heating oil rose 9 cents to $4.40 a gallon. July natural gas

By FRANCES D’EMILIO Associated Press ROME (AP) — A U.N. agency has issued a glum world forecast, saying that food import bills appear headed to a record high and food markets are likely to tighten. The Food Outlook, which is issued twice a year by the Rome-based Food and Agriculture Organization, also found that “many

By FRANK JORDANS Associated Press BERLIN (AP) — An airline industry group is criticizing the European Union’s Parliament for seeking to expand its emissions trading system to long-haul flights. EU lawmakers voted Wednesday that existing requirements for airlines to buy credits for their greenhouse gas emissions should include all flights that leave the 27-nation bloc,

By DAVID KOENIG AP Business Writer DALLAS (AP) — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more for many other essentials too. AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a

By TOM KRISHER AP Auto Writer DETROIT (AP) — Teslas with partially automated driving systems are a step closer to being recalled. That’s because the U.S. has elevated its investigation into a series of collisions with emergency vehicles or trucks with warning signs. The National Highway Traffic Safety Administration said Thursday that it’s upgrading the

REHOBOTH BEACH, Del. (AP) — In a story published June 9, 2022, about inflation, The Associated Press misspelled the last name of shopper Nina Cooper.

WARSAW, Poland (AP) — Poland’s prime minister has vowed to support higher production at the nation’s coal mines in order to bring down heating and energy prices. Fuel costs have soared amid the war in Ukraine and European Union efforts to reduce its dependency on Russian energy sources. However the pledge made Thursday by Poland’s

By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is launching a push to reduce the costs of shipping goods across oceans. It’s a major challenge for retailers that the White House said has pushed up prices as the world emerges from the coronavirus pandemic. The White House is releasing a video that

By STAN CHOE AP Business Writer NEW YORK (AP) — More workers are following experts’ advice in saving for retirement, even when finances feel precarious. It’s happening because 401(k) plans are using a simple human trait to guide us: our inclination to do nothing. More workers are putting more money into their 401(k) accounts, and

By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — The European Union is urging Algeria to reverse its decision to suspend a two-decade-old friendship treaty with Spain. Algeria ordered the treaty’s suspension on Wednesday. It was the North African nation’s latest move to ratchet up pressure on Madrid after the Spanish government changed its long-standing

By BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — The test couldn’t have been much easier — and Facebook still failed. Facebook and its parent company Meta flopped once again in a test of how well they could detect obviously violent hate speech in advertisements submitted to the platform by the nonprofit groups Global

By MATT OTT AP Business Writer WASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low. Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday. First-time

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Basil Rajapaksa, the younger brother of Sri Lanka’s president and the country’s former finance minister, has resigned from Parliament amid mounting criticism of his role in the island nation’s economic crisis, as the United Nations launches an appeal for $47 million in emergency aid. The

MADRID (AP) — Ellen MacArthur, a British sailor who set world solo yachting records before creating a charity that advocates a sustainable way of life, has won this year’s Princess of Asturias Award for international cooperation. The Princess of Asturias Award jury said in its citation published Thursday that the 45-year-old is “a reference in

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has warned Greece to demilitarize islands in the Aegean Sea and says he is “not joking.” Turkey says Greece has been building a military presence in violation of treaties that guarantee the unarmed status of the Aegean islands. Speaking on the final day of military exercises

By TOMMY TINDALL of NerdWallet It’s a hot job market right now, and that extends to the youngest workers. The unemployment rate for teenagers ages 16-19 was just over 10% in April. Given the strife and isolation of the past couple of years, it’s teens who may have the most to gain by going to

By KEN MORITSUGU Associated Press BEIJING (AP) — Thousands of coronavirus testing sites have popped up on sidewalks across Beijing and other Chinese cities in the latest development in the country’s “zero-COVID” strategy. Lines form every day, rain or shine, even where the spread of the virus has largely stopped. Some people need to go

By JOHN LEICESTER Associated Press KYIV, Ukraine (AP) — From the battlefronts of Ukraine comes rap music — filled with the anger and indignation of a young generation that, once the fighting is done, will certainly never forget and may never forgive. Ukrainian rapper-turned-volunteer soldier Otoy is putting the war into words and thumping baselines,

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will double down on battling inflation with interest rate hikes. Tokyo’s Nikkei 225 index lost 1.3% to 27,881.78 while the Kospi in Seoul shed

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — A fire caused by suspected arson spread through an office building in South Korea’s Daegu city, killing at least seven people and injuring dozens of others. Dozens of firefighters and vehicles quickly put out the blaze late Thursday morning on the second of a seven-floor

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease. The customs agency said exports surged 17% over a year earlier to $308.3 billion, up from April’s 3.7% growth. Imports rose 4% to $229.5 billion, accelerating

By MARCY GORDON AP Business Writer WASHINGTON (AP) — The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children’s privacy online. The ongoing work will include toughened enforcement of a long-standing law governing kids’ online privacy and eyeing the algorithms used by

By TASSANEE VEJPONGSA and GRANT PECK Associated Press BANGKOK (AP) — Thailand made it legal to cultivate and possess marijuana as of Thursday, like a dream come true for an aging generation of pot smokers who recall the kick delivered by the legendary Thai Stick variety. The public health minister’s plan to distribute 1 million

Associated Press TIPP CITY, Ohio (AP) — Authorities say a Meijer distribution center in western Ohio was heavily damaged as employees inside heeded tornado warnings and sought shelter. Joel Smith, director of the Miami County Emergency Management Agency, said nobody was injured at the facility and there have been no reports of injuries from the

By LYNN ELBER AP Television Writer LOS ANGELES (AP) — Television viewers will find nearly blanket prime-time coverage of a Congressional hearing Thursday on the Jan. 6 Capitol riot. That’s with the exception of Fox News Channel. The top-rated cable channel said it will cover the first in a series of House Select Committee public

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Moderna, Roku rise; Scotts Miracle-Gro, Charles River fall.

By DEE-ANN DURBIN AP Business Writer As tensions rise between Starbucks and baristas who want to unionize, the imminent closure of a store in Ithaca, New York, is taking on outsized significance. Starbucks told workers last Friday it plans to permanently close their store — one of three in Ithaca — on June 10. Starbucks

By ERIC TUCKER Associated Press WASHINGTON (AP) — The Biden administration has accused three U.S. companies of sending China blueprints and technical drawings for satellite and rocket technology and other defense prototypes. The Commerce Department leveled the allegations as it blocked the three companies from exporting items to foreign countries for 180 days. That punishment,

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate. Barr, who served as a top Treasury Department official in the Obama administration,

The Associated Press Wall Street closed lower Wednesday in more choppy trading as investors were discouraged to see more evidence of inflation’s impact on businesses and another gloomy outlook on the global economy. Banks and industrial stocks fell broadly, as did some big technology companies. Intel lost 5.4%. The yield on the 10-year Treasury, which

By JENNIFER PELTZ Associated Press NEW YORK (AP) — Former President Donald Trump, his namesake son and his daughter Ivanka have agreed to answer questions under oath next month in the New York attorney general’s civil investigation into his business practices. That’s unless their lawyers persuade the state’s highest court to step in. A Manhattan

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — A union representing housekeeping workers at Atlantic City’s casinos says four of the resorts are not complying with a COVID-related requirement that hotel rooms be cleaned daily. Local 54 of the Unite Here union said Wednesday that state officials need to enforce an order issued

The Associated Press Benchmark U.S. crude oil for July delivery rose $2.70 to $122.11 a barrel Wednesday. Brent crude for August delivery rose $3.01 to $123.58 a barrel. Wholesale gasoline for July delivery rose 6 cents to $4.22 a gallon. July heating oil fell 1 cent to $4.31 a gallon. July natural gas fell 59

ATLANTA (AP) — A financial adviser who’s been on the run for nearly two years has been ordered to pay $12 million to his victims in Georgia, North Carolina and Florida. The default judgment was recently entered in a lawsuit brought by the federal Securities and Exchange Commission against Christopher Burns and his companies: Investus

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Interior Department says it will phase out sales of plastic water bottles and other single-use products at national parks and on other public lands over the next decade, targeting a major source of U.S. pollution. An order issued by Interior Secretary Deb Haaland on Wednesday calls

ORLANDO, Fla. (AP) — The owner of a commercial nursery has won a $1.2 million judgment against the Florida Department of Agriculture in the latest verdict against the state agency for destroying citrus trees in the 2000s during an attempt to stop the spread of costly tree diseases. A jury in Orlando last week determined

By MARK PRATT Associated Press BOSTON (AP) — A digital attack on a Massachusetts-based health care organization may have compromised the personal information of as many as 2 million people. Shields Health Care Group Inc. provides imaging and ambulatory surgical services. It said in a notice on its website Tuesday that data including names, Social

By GLENN GAMBOA AP Business Writer Philanthropists could help ease the damage from climate change by donating more money to address global warming and the communities most at risk from it, according to a report from the research organization Candid. According to the report, only about 2% of global giving goes to climate change mitigation

SKOPJE, North Macedonia (AP) — Three Western Balkan leaders are moving to further boost regional economic and labor integration while their bids to join the European Union remain stalled. Serbian President Aleksandar Vucic, Prime Minister Edi Rama of Albania and Prime Minister Dimitar Kovachevski of North Macedonia signed deals on tax administration, tourism and cultural

BRUSSELS (AP) — European Union lawmakers have approved a proposed ban on selling new cars with combustion engines in 2035 to step up the fight against global warming. The European Parliament voted Wednesday to require automakers to cut carbon-dioxide emissions by 100% by the middle of the next decade. The mandate would amount to a

Associated Press DETROIT (AP) — U.S. safety regulators have closed an investigation into sticky power steering on thousands of older General Motors SUVs without seeking a recall. The National Highway Traffic Safety Administration says GM in 2014 issued “special coverage” to fix the problem on the Chevrolet Equinox, GMC Terrain and other models. The coverage

BERLIN (AP) — German Chancellor Olaf Scholz says his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia’s war in Ukraine. Germany’s three remaining nuclear plants are due to close in December. Opposition parties have called for the lifetimes of Germany’s nuclear plants

By KELVIN CHAN AP Business Writer LONDON (AP) — The Organization for Economic Cooperation and Development says Russia’s war in Ukraine and the energy and food crises it worsened will severely drag down global economic growth and push up inflation this year. The Paris-based group on Wednesday said China’s “zero-COVID” policy that has scrambled manufacturing

Associated Press Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday vote on whether to accept one of those buyout offers after a flurry of counter proposals from JetBlue and Frontier Airlines. The Miramar, Florida, carrier had scheduled a special shareholders meeting at the end of the week asking investors

By LAURAN NEERGAARD AP Medical Writer Moderna’s experimental COVID-19 vaccine that combines its original shot with protection against the omicron variant appears to work, the company announced Wednesday. COVID-19 vaccine makers are studying updated boosters that might be offered in the fall to better protect people against future coronavirus surges. Moderna’s preliminary study results show

By JACKIE VELING of NerdWallet Large summer toys, like boats and RVs, are expensive, and few people can cover the purchase price outright. If you need to borrow money to pay for a summer vehicle, a secured loan is typically the most affordable option. Many lenders also offer unsecured loans. Smaller purchases, like a jet

BEIRUT (AP) — A Lebanese Cabinet minister says Lebanon will soon launch an international tender for the construction of a new terminal at the country’s only international airport in Beirut. The airport that had a major facelift after the country’s 1975-90 civil war has been working on full capacity for years and the government’s plans

By RONALD MONTOYA Edmunds Shopping for a new or used car over the last couple of years,  has become a more challenging endeavor, thanks to issues from the aftermath of the COVID-19 pandemic. The changes to the market have been so impactful, that much of the car-buying advice and techniques we’d recommend, are no longer

By ZEN SOO AP Technology Writer HONG KONG (AP) — An online snafu involving China’s most popular e-commerce livestreamer and a cake decorated to look like a tank has raised questions among some Chinese over the violent crackdown on pro-democracy protests in Beijing’s Tiananmen Square on June 4, 1989. It’s a sensitive subject heavily censored

BRUSSELS (AP) — Ireland’s prime minister says Britain appears to have no political will to resolve its festering trade dispute with the European Union. Irish Prime Minister Micheal Martin said he thinks the British government’s attitude could imperil the hard-won peace in Northern Ireland. The British government is expected to publish a draft law in

By SYLVIA HUI Associated Press LONDON (AP) — With British Prime Minister Boris Johnson dealt a heavy blow after surviving a no-confidence vote from his own Conservative Party, questions already are being asked about who might succeed him if he was forced from office. Conservative lawmakers voted 211-148 to keep Johnson as leader Monday following

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Shares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and crude oil prices hovered above $120 a barrel, adding to price pressures. Benchmarks declined across the region, except in Tokyo, where a weakening yen sent issues of some Japanese

By OMAR FARUK and CARA ANNA Associated Press MOGADISHU, Somalia (AP) — No mother should have to lose her child. Owliyo Hassan Salaad has watched four die this year. A drought in the Horn of Africa has taken them, one by one. Now she cradles her frail and squalling 3-year-old, Ali Osman, whom she carried