Month: May 2022

By COLLEEN BARRY AP Business Writer MILAN (AP) — Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed. He can’t complete a half-built roundabout at an intersection known for fender-benders because asphalt, cast-iron pipes and concrete are too expensive — prices exacerbated by Russia’s war

By OLEKSANDR STASHEVSKYI and CIARAN McQUILLAN Associated Press KYIV, Ukraine (AP) — With the number of defenders left holed up in a Mariupol steel factory dwindling, Russian commanders will be coming under increasing pressure to reallocate troops from the strategic southern port city to bolster their offensive in eastern Ukraine, Britain’s Defense Ministry said Friday.

By AAMER MADHANI and JOSH BOAK Associated Press SEOUL, South Korea (AP) — President Joe Biden will open his trip to Asia with a focus on the U.S. tech sector, touring a Samsung computer chip plant on Friday that will serve as model for a $17 billion semiconductor factory that the Korean electronics company is

COMPTON, Calif. (AP) — The driver of a Tesla operating on autopilot must stand trial for a crash that killed two people in a Los Angeles suburb, a judge ruled Thursday. There is enough evidence to try Kevin George Aziz Riad, 27, on two counts of vehicular manslaughter, a Los Angeles County judge said. A

By BHARATHA MALLAWARACHI, KRUTIKA PATHI and JOE McDONALD Associated Press COLOMBO, Sri Lanka (AP) — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. But Sri Lanka’s multibillion-dollar debt to Beijing threatens to hold back efforts to resolve a financial crisis so

By RUSS BYNUM, JEFF AMY and AAMER MADHANI Associated Press SAVANNAH, Ga. (AP) — Georgia Gov. Brian Kemp is heading to an industrial site outside Savannah to make what his office calls a “special economic development announcement.” Sources in Washington and Georgia have told The Associated Press the project is a $7 billion plant where

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankan authorities closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage that is expected to last days amid the nation’s worst economic crisis in decades. The Public Administration Ministry asked the

By AMANDA SEITZ Associated Press WASHINGTON (AP) — Nina Jankowicz, like so many millennials, was excited to share a social media post announcing her new job on Twitter late last month when she was named executive director for a new disinformation board established by the Department of Homeland Security. But instead of well-wishes, Jankowicz’s tweet

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices fell more than $1 per barrel. Wall Street’s benchmark S&P