AP National Business

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — Tarek Younes was once solidly middle class and felt he helped contribute to society as an inspector in the Lebanese government’s consumer protection agency. But the country’s economic free-fall has eroded his income and civic pride. In his desperation, Younes has joined tens of thousands of public

MOSCOW (AP) — A Russian rocket on Tuesday successfully launched an Iranian satellite into orbit. The Soyuz rocket lifted off as scheduled at 8:52 a.m. Moscow time (0552 GMT) Tuesday from the Russia-leased Baikonur launch facility in Kazakhstan. About nine minutes after the launch, it placed the Iranian satellite called Khayyam into orbit. It’s named

BEIJING (AP) — Lindsay Mo couldn’t go to her gym after Beijing shut down indoor sports facilities in May because of a coronavirus outbreak. So she started cycling — and soon fell in love with the sport. “I realized a racing bicycle was quite different than a regular bike,” she said. “It’s very fast and

By DAKE KANG, VICTORIA MILKO and LORI HINNANT Associated Press The birds no longer sing, and the herbs no longer grow. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost

BEIJING (AP) — Chinese authorities have closed Tibet’s famed Potala Palace after a minor outbreak of COVID-19 in the Himalayan region. The response underscores China’s continued adherence to its hard-line “zero-COVID” policy, mandating lockdowns, quarantines and travel restrictions, even while most other countries have reopened. A notice on the palace’s social media site said the

By ASTRID SUAREZ and MANUEL RUEDA Associated Press BOGOTA, Colombia (AP) — Colombia’s first leftist president has presented an ambitious tax plan that aims to raise up to $11 billion a year for anti-poverty programs. Gustavo Petro was sworn into office on Sunday, and has promised to fight economic inequality while investing in rural areas

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — A Southwest Airlines flight attendant suffered a compression fracture in her back during a hard landing last month in California. Federal safety investigators say the jolt was so strong that the flight attendant thought the plane had crashed. The National Transportation Safety Board completed its investigation

By LAURAN NEERGAARD and SHELBY LUM Associated Press DUNCANSVILLE, Pa. (AP) — Researchers are seeking thousands of volunteers in the U.S. and Europe to test the first potential vaccine against Lyme disease in 20 years — in hopes of better fighting the tick-borne threat. Lyme is a growing problem, with cases rising and warming weather

The Associated Press Stocks closed flat on Wall Street as investors prepare for a busy week of updates on inflation. The S&P 500 gave up early gains and closed lower. The Dow Jones Industrial Average edged higher and the Nasdaq fell slightly. Small-company stocks outpaced the broader market in a sign of investors’ confidence in

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Viatris, First Solar rise; Tyson Foods, Nvidia fall.

The Associated Press Benchmark U.S. crude oil for September delivery rose $1.75 to $90.76 a barrel Monday. Brent crude for October delivery rose $1.73 to $96.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.89 a gallon. September heating oil fell 4 cents to $3.18 a gallon. September natural gas fell 47

Associated Press NEW YORK (AP) — It’s an old and new media marriage: Axios Media, the digital news site known for its to-the-point blurbs on politics, tech and business, is being acquired by Cox Enterprises, the media conglomerate that owns the Atlanta Journal-Constitution, the Kelley Blue Book and major broadband internet services. Cox said Monday

BERLIN (AP) — Local officials with German Chancellor Olaf Scholz’s party rejected a bid to expel former Chancellor Gerhard Schroeder over his close ties to Russia, the news agency dpa reported Monday. An arbitration committee of the center-left Social Democrats’ branch in Hannover, where Schroeder lives, considered 17 applications from party members for proceedings against

By LIZ WESTON of NerdWallet Sometimes the best strategies to deal with inflation align with the best ways to manage your money. For example, delaying the start of Social Security is generally a good idea — but waiting makes even more sense when inflation’s on the rise. Similarly, most people have better things to do

By TOM MURPHY and MICHELLE CHAPMAN Associated Press Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. Pfizer said Monday that the acquisition will boost its work in rare hematology. Global Therapeutics, which was founded in

BUDAPEST, Hungary (AP) — Hungary has accused Ryanair of consumer protection violations after it raised ticket prices to cope with a tax on what the government calls “extra profits.” Justice Minister Judit Varga wrote Monday on Facebook that an investigation found “unfair trade practices,” leading to a $777,058 fine. It’s the first tied to the

By THALIA BEATY Associated Press A new philanthropic project hopes to invest $100 million in up to 10 countries mostly in Africa by 2030 to support up to 200,000 community health workers. These workers serve as a critical bridge to treatment for people with limited access to medical care. The Skoll Foundation and The Johnson

By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — Russia and Ukraine traded accusations Monday that each side is shelling Europe’s biggest nuclear power plant in southern Ukraine. Russia claimed that Ukrainian shelling caused a power surge and fire and forced staff to lower output from two reactors, while Ukraine has blamed Russian troops for

BANGKOK (AP) — The owner of a music pub in eastern Thailand where a fire last week killed 15 people and injured more than three dozen others has been released on bail when he was brought to court to hear criminal charges against him. Pongsiri Panprasong, the owner of the Mountain B pub in Sattahip

The Associated Press The Labor Department issues its second-quarter snapshot of U.S. employee productivity Tuesday and its latest monthly index of inflation at the consumer level Wednesday. Cardinal Health reports quarterly results Thursday.

By ALLEN G. BREED AP National Writer FLEMING-NEON, Ky. (AP) — Barely a week after floodwaters swept downtown and left a foot of mud and twisted, gutted buildings along Main Street, an incongruous sight appeared: A flashing sign declaring JR’s Barber Shop “OPEN.” As National Guard troops patrolled outside and volunteers on backhoes mounded up

BEIJING (AP) — The capital of China’s Hainan province has locked down its residents for 13 hours on Monday as a COVID-19 outbreak grows on the tropical island during the summer school holidays. The temporary lockdown of Haikou city from 7 a.m. to 8 p.m. follows an ongoing and indefinite lockdown of the beach resort

By ZEN SOO Associated Press HONG KONG (AP) — Hong Kong will reduce the mandatory hotel quarantine for overseas arrivals to three days from a week. It’s one of the few places in the world still requiring a quarantine to guard against travelers spreading COVID-19 to the local population. Hong Kong leader John Lee said

BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high. According to data from China’s customs, China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June. Imports, however, remained soft, growing 2.3% in July compared to

By DEE-ANN DURBIN AP Business Writer Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store. Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery

By KEN KUSMER Associated Press INDIANAPOLIS (AP) — The administration of President Joe Biden and one of Indiana’s largest employers have condemned the state’s new ban on abortions, with the White House calling it another extreme attempt by Republicans to trample women’s rights. Indiana on Friday became the first state in the nation to approve

By MAE ANDERSON AP Business Writer NEW YORK (AP) — In 2020, Kelly Jackson and Davina Arceneaux wanted to leave their company jobs and become business owners. They were looking for something both COVID-proof and recession-resistant. Instead of completely stepping out from under a corporate umbrella, they looked at franchising. The two worried about the

By ALAN FRAM and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this

UNITED NATIONS (AP) — The U.N. Food and Agriculture Agency’s global food price index dropped for a fourth straight month in July, but was still 13% higher than in July 2021. The agency reported Friday that July’s 8.6% decline was the steepest monthly drop in the value of the index since October 2008. The index

By KATIE TAM Associated Press HONG KONG (AP) — Chi Kee Sawmill & Timber is Hong Kong’s last operating sawmill. It has been processing wood in the city for 75 years. Soon the family-run factory might be forced to shut down as part of a development project. Today, woodworking factories like Chi Kee are considered

By FRANK BAJAK Associated Press Twitter says vulnerability in its software that exposed an undetermined number of owners of anonymous accounts to potential identity compromise last year was apparently exploited by a malicious actor. It did not confirm a report that data on 5.4 million users was offered for sale online as a result but

By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems. It had a price tag of $4 trillion and it stalled in Congress. The slimmer but still

NEW YORK (AP) — Thunderstorms on the East Coast are causing travel headaches for tens of thousands of airline passengers. Airlines canceled about 1,400 flights in the U.S. by Friday evening. The highest numbers of canceled flights were at the three major airports in the New York City area — JFK, LaGuardia and Newark —

By ADRIANA MORGA and CORA LEWIS The Associated Press New York (AP) — The U.S. economy added 528,000 jobs in July, meaning workers who want a new job can probably find one. When looking for a new role, experts advise you think about several factors. These include the state of the job market, salary and

The Associated Press Benchmark U.S. crude oil for September delivery rose 47 cents to $89.01 a barrel Friday. Brent crude for October delivery rose 80 cents to $94.92 a barrel. Wholesale gasoline for September delivery rose 7 cents to $2.86 a gallon. September heating oil fell 12 cents to $3.22 a gallon. September natural gas

By AMY BETH HANSON Associated Press HELENA, Mont. (AP) — A federal agency has once again failed to consider possible damage to the environment caused by mining coal when setting land management policies governing a major coal-producing region in Wyoming and Montana, a judge ruled this week. The ruling rejected resource management plans created in

By ALAN FRAM Associated Press WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda. In an unusual peek

By KEN SWEET AP Business Writer NEW YORK (AP) — July’s jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations. The job market has now recovered all the jobs lost to the pandemic recession

By MICHELLE CHAPMAN AP Business Writer Warner Bros. Discovery, which went public in April, missed Wall Street’s expectations in the second quarter as the media giant looks to work through the growing pains of its merger. The New York-based company lost $3.42 billion, or $1.50 per share, in the quarter. Its adjusted loss was 11

By MICHAEL RUBINKAM Associated Press HARRISBURG, Pa. (AP) — The developer of a major pipeline system has pleaded no contest to criminal charges that it systematically polluted waterways and residential water wells across hundreds of miles in Pennsylvania. Dallas-based Energy Transfer Operating agreed Friday to independent testing of homeowners’ water and promised to remediate contamination.

By CORA LEWIS The Associated Press New York (AP) — As inflation skyrockets, hourly workers keep changing jobs in pursuit of higher wages. And with unemployment still near a 50-year low, experts say that option is likely to remain open to them for the near future. A new Pew Research Center survey shows that about

ROME (AP) — The Vatican recorded a 3 million euro deficit last year, far less than the 33 million euros projected. But the Holy See said Friday that financial uncertainties lie ahead, including from an underfunded pension system. The Vatican released its consolidated financial statement for 2021, part of Pope Francis’ push to improve transparency

By ELENA BECATOROS Associated Press ATHENS, Greece (AP) — The head of Greece’s intelligence service and the general secretary of the prime minister’s office have resigned amid a scandal involving the targeting of the head of an opposition party and a journalist with spyware. National Intelligence Service director Panagiotis Kontoleon and Grigoris Dimitriadis, general secretary

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon’s market power and ability

By VLADIMIR ISACHENKOV and ZEYNEP BILGINSOY Associated Press MOSCOW (AP) — Turkish President Recep Tayyip Erdogan has visited Russia for talks with Russian President Vladimir Putin. They discussed a grain deal brokered by Turkey and the U.N., prospects for talks on ending hostilities in Ukraine, the situation in Syria and growing economic ties between Moscow

Associated Press Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base. The countersuit by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine add to uncertainty and the aftereffects of the pandemic. A report on Pacific Rim economies by the Asia Pacific Economic Cooperation forum says growth in the

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The leader of the Netherlands’ top agricultural lobby group says a first round of talks with a delegation led by Prime Minister Mark Rutte about the government’s nitrogen emissions reduction goals delivered “too little” for thousands of farmers living in uncertainty. The emission targets have

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve sent a sobering message Wednesday after it announced its latest big interest rate hike: It plans to keep raising rates as long as it takes to conquer the worst inflation bout in decades — even at the risk of causing a recession in

By RISHI LEKHI and SHONAL GANGULY Associated Press NEW DELHI (AP) — Indian police have detained dozens of lawmakers from the opposition Congress party, including key leader Rahul Gandhi, as they attempted to march to the president’s palace and prime minister’s residence to protest soaring food and fuel prices and an increase in the goods

By AMANDA BARROSO and LAUREN SCHWAHN of NerdWallet Credit bureau Equifax announced that a computer coding error resulted in the miscalculation of credit scores for consumers in a three-week period between March 17 and April 6, 2022. For 300,000 consumers, the error shifted credit scores as much as 25 points. The changes to credit scores

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The benchmark S&P 500 ended just 0.2% lower after recovering

ASHOK SHARMA Associated Press NEW DELHI (AP) — India’s central bank has raised its key interest rate by a half percentage point to 5.4% in its third such hike since May as it focuses on containing inflation. Reserve Bank of India Governor Shaktikanta Das projected that inflation would reach 6.7% in this financial year. In

By MARK THIESSEN Associated Press ANCHORAGE, Alaska (AP) — Demolition is scheduled to begin this week on a once-opulent downtown Anchorage movie theater designed by the architect of Hollywood’s famed Pantages Theater. The 4th Avenue Theatre, with nearly 1,000 seats, opened in 1947.  The art deco theater became the centerpiece of the downtown historic district.

By BARBARA ORTUTAY AP Technology Reporter SAN FRANCISCO (AP) — Twitter denied in a court filing that it had deprived its would-be acquirer, billionaire and Tesla CEO Elon Musk, of necessary information or misrepresented details about its business. Musk originally made those charges to justify his attempt to back out of a $44 billion deal

By MARCY GORDON AP Business Writer WASHINGTON (AP) — The head of publishing titan Penguin Random House is defending his company’s deal to acquire rival Simon & Schuster against the government’s claim it would thwart competition. But he acknowledged Thursday that the merger would buttress his company’s position as the biggest U.S. publisher by expanding

By MATTHEW DALY Associated Press WASHINGTON (AP) — In a surprise victory for Republicans, the Senate on Thursday voted to overturn a Biden administration rule requiring rigorous environmental review of major infrastructure projects such as highways, pipelines and oil wells — a victory enabled in part by Democratic Sen. Joe Manchin of West Virginia. Manchin,

BERLIN (AP) — Lufthansa and a union representing its ground staff in Germany have reached a deal to end a pay dispute, a week after a one-day strike that forced the airline to cancel more than 1,000 flights. The deal reached Thursday between Lufthansa and the ver.di service workers’ union, covering some 20,000 staff in

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Clorox, Hostess fall; MGM, Cigna rise.

The Associated Press Stocks are closing mixed on Wall Street Thursday as investors continued to review the latest updates on the economy and corporate earnings. The S&P 500 and the Dow Jones industrials fell, while the Nasdaq rose. Energy companies fell, while retailers and technology companies gained ground. Bond yields slipped. Earnings remain in focus

By ALMUDENA CALATRAVA Associated Press BUENOS AIRES, Argentina (AP) — The market welcomed Argentina’s new Economy Minister Sergio Massa with what appeared to be a cautiously optimistic attitude amid questions about how he would fulfill a key goal of reducing the fiscal deficit, while leftist groups criticized his initial plans that they said would inevitably

By JOSH BOAK Associated Press WASHINGTON (AP) — Democrats call it the “Inflation Reduction Act.” Republicans say it’s a “tax and spending spree.” And everyone has a study they say proves one or the other. Recent bipartisan action in Congress on matters ranging from producing computer chips to expanding NATO isn’t extending to the latest

GREENVILLE, Miss. (AP) — An Airbnb listing in Mississippi advertised as a “slave cabin” has been removed from the site following backlash on social media. Airbnb apologized after a TikTok video went viral criticizing the description of a cottage in Greenville. The bed and breakfast was marketed as an “1830s slave cabin.” Wynton Yates, a

By TOM KRISHER AP Auto Writer DETROIT (AP) — A Florida man who was killed in a traffic crash last month could be the 20th death in the U.S. caused by exploding Takata air bag inflators. Authorities say the driver of a 2006 Ford Ranger pickup truck was killed in a crash last month near

By MOGOMOTSI MAGOME Associated Press KRUGERSDORP, South Africa (AP) — Community members in the South African city of Krugersdorp have beaten suspected illegal miners with sticks and set fire to their camps following the arrests of more than 80 men suspected of gang raping eight women last week. Some of the suspects are thought to