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AP National Business

Chinese shoppers spend $139 billion during Singles’ Day fest

By ZEN SOO Associated Press BEIJING (AP) — Chinese shoppers spent $139.1 billion during this year’s annual Singles’ Day shopping extravaganza, breaking last year’s record even though consumer spending slowed amid economic uncertainty during the coronavirus pandemic. Experts say that the world’s largest online shopping festival has taken on a more muted tone this year

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Real Medicare drug savings in Dems’ bill — but not overnight

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — Medicare enrollees who take expensive medicines could save thousands of dollars a year under the Democrats’ sweeping social agenda bill, but those dividends won’t come overnight. Instead, they’ll build gradually over the decade. Experts who’ve analyzed the complex moving parts of the bill’s prescription drug compromise say

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Ford, Purdue partner on technology to speed up EV charging

The Associated Press Ford and Purdue University are working to create a new charging station cable that could combine with in-development vehicle charging technology, making it easier for people to transition to electric vehicles with seamless re-charging. Purdue researchers are focusing on an alternative cooling method to prevent battery overheating by designing a charging cable

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As many try living with virus, China keeps up zero tolerance

By HUIZHONG WU Associated Press TAIPEI, Taiwan (AP) — As vaccination rates rise in many parts of the world and even countries that previously had strict COVID-containment strategies gingerly ease restrictions, China is doubling down on its zero-tolerance policy. The approach includes strict lockdowns, multiple rounds of mass testing and centralized quarantine. China pioneered it

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Australia putting $738M into low emissions investment fund

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s Prime Minister Scott Morrison has launched a $738 million investment fund to fast-track emerging low emissions technologies including carbon capture and storage. The ruling conservative coalition wants the fund to be administered by the Clean Energy Finance Corp., a government-owned green bank. But that would require

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Facebook parent Meta to remove sensitive ad categories

By BARBARA ORTUTAY AP Technology Writer Facebook’s parent company Meta says it will remove sensitive ad targeting options related to health, race or ethnicity, political affiliation, religion or sexual orientation beginning on Jan. 19. Advertisers can currently target people who, through their online activity the company tracks, have expressed interest in issues, public figures or

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North Macedonia provides emergency funding for power imports

SKOPJE, North Macedonia (AP) — North Macedonia’s government says it will provide emergency funding for state energy suppliers to import enough electricity and fuel to cover the country’s power needs over the next 30 days. The economy minister said the decision was due to “reduced domestic production capacities…and increased global (electricity) prices.” He said Tuesday

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Minnesota lets public weigh in on adequacy of mining rules

By STEVE KARNOWSKI Associated Press MINNEAPOLIS (AP) — Minnesota regulators are accepting public comments on whether the state’s regulation of nonferrous mining would provide sufficient protection against environmental damage to the Boundary Waters Canoe Area Wilderness. The comment period runs through Dec. 8. The Department of Natural Resources has established a dedicated webpage for its

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