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AP National Business

IRS asks Treasury watchdog to probe Comey, McCabe tax audits

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS commissioner has asked the Treasury Department’s internal watchdog to immediately review the circumstances surrounding intensive tax audits that targeted ex-FBI Director James Comey and former Deputy Director Andrew McCabe, frequent targets of Donald Trump’s ire during his presidency. IRS spokesperson Jodie Reynolds said Thursday the

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EU decision on natural gas could threaten climate progress

By CATHY BUSSEWITZ AP Energy Writer The European Union’s plan to include natural gas in a list of activities considered sustainable could derail progress in reducing greenhouse gas emissions. The decision from the EU comes despite the region’s history addressing global warming and despite climate scientists calling for dramatic reductions to climate-warming emissions. It allows

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Fed: Sharply higher rates may be needed to quell inflation

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their

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Dutch airline KLM sued over alleged ‘greenwashing’

AMSTERDAM (AP) — Several environmental groups have launched legal action against Dutch airline KLM over advertisements that promote flying as a sustainable form of travel. The Netherlands-based campaigners said they think the lawsuit is the first to challenge alleged “greenwashing” by the airline industry. The groups claim KLM violated European consumer law by misleading customers

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Microsoft’s Activision Blizzard bid faces UK antitrust probe

LONDON (AP) — Microsoft’s purchase of video game publisher Activision Blizzard faces antitrust scrutiny in the U.K., where competition regulators say they’ve opened an initial inquiry into the $69 billion deal. The Competition and Markets Authority said Wednesday it has started looking into whether the transaction would result “in a substantial lessening of competition” in

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Amazon faces UK investigation over anti-competitive concerns

Associated Press LONDON (AP) — Britain’s competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for extra services. The Competition and Markets Authority’s formal investigation will look into concerns that the ecommerce giant is abusing its dominance to undermine rivals. They probe echoes

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