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AP National Business

As regional threats rise, Japan eases defense-only strategy

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s strict self-defense-only postwar principle is being loosened. Japan on Friday adopted a national security strategy declaring plans to possess preemptive strike capability and cruise missiles within years to give itself more offensive footing against threats from neighboring China, Russia and North Korea. North Korea has fired

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New MacKenzie Scott website details $14 billion in gifts

By THALIA BEATY and GLENN GAMBOA Associated Press Philanthropist MacKenzie Scott says her donations have yielded more than $14 billion in funding for about 1,600 nonprofits since 2019, according to her long-awaited website called Yield Giving. Unveiled Wednesday night, the site also announced plans to introduce an “open-call process” that allows nonprofits seeking donations from

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Senate crypto hearing yields big claims, possible regulation

By GLENN GAMBOA AP Business Writer Whether increased regulation would have prevented the spectacular collapse of cryptocurrency exchange FTX was fiercely debated at a hearing of the Senate’s banking committee Wednesday. However, new legislation is potentially on the way. Sen. Elizabeth Warren announced at the hearing bipartisan legislation aimed at cracking down on cryptocurrencies being

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Florida lawmakers seeking to calm property insurance storm

By BRENDAN FARRINGTON and CURT ANDERSON Associated Press TALLAHASSEE, Fla. (AP) — The Florida House has passed sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms. The Republican proposal previously approved by the Senate Tuesday comes during the GOP-led Legislature’s second special session

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