Skip to Content

AP National Business

GOP seizes on voter hesitancy to attack EVs as costly to US

By HOPE YEN and MATTHEW DALY Associated Press WASHINGTON (AP) — Heading into next week’s midterm elections, many Republican candidates are seeking to capitalize on voters’ concerns about inflation by vilifying a key component of President Joe Biden’s climate agenda: electric vehicles. On social media, in political ads and at campaign rallies, Republicans say Democrats’

Continue Reading

Blackouts worsen in Ukraine; fighting rages on many fronts

By ANDREW MELDRUM Associated Press KYIV, Ukraine (AP) — Relentless Russian attacks on energy infrastructure prompted Ukrainian authorities on Friday to announce worsening blackouts around the country’s largest cities, with Kyiv’s mayor warning that the capital’s power grid is working in “emergency mode” with energy supplies down as much as 50% from pre-war levels. Meanwhile,

Continue Reading

Swedes want further probing into Baltic Sea pipe line blasts

COPENHAGEN, Denmark (AP) — A Swedish prosecutor wants “a supplementary crime scene investigation” at the site of explosions that damaged two natural gas pipelines in the Baltic Sea. Prosecutor Mats Ljungqvist said Friday a preliminary probe concluded the cause was “suspected gross sabotage.” Ljungqvist said he understood the intense interest in determining what happened to

Continue Reading

Germany sees unexpected growth in 3rd quarter; inflation up

By GEIR MOULSON Associated Press BERLIN (AP) — The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending. But the immediate outlook for Europe’s biggest economy remained gloomy, with inflation rising again in October. The Federal Statistical Office said Friday that gross domestic product in Europe’s biggest economy

Continue Reading

Meta, Wolfspeed fall; Caterpillar, Southwest rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Caterpillar Inc., up $15.18 to $212.14. The construction equipment company handily beat analysts’ third-quarter profit forecasts. Meta Platforms Inc., down $31.88 to $97.94. Facebook’s parent reported weak third-quarter profits as social media companies deal with a broad drop in advertising spending.

Continue Reading