Month: October 2023

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank is likely taking a break from interest rate increases. The pause expected Thursday would follow 10 straight hikes, dating back to July 2022. That record pace of hiking was aimed getting painful inflation under control. But now inflation is down, and

By NAJIB JOBAIN, SAMY MAGDY and AMY TEIBEL Associated Press RAFAH, Gaza Strip (AP) — Israeli troops and tanks launched a brief ground raid into northern Gaza overnight into Thursday, the military said, striking several militant targets in order to “prepare the battlefield” ahead of a widely expected ground invasion after more than two weeks

By HUIZHONG WU Associated Press BANGKOK (AP) — China’s Environment Minister Huang Runqiu said Thursday his country wants to strengthen cooperation with the United States to combat climate change, as he met in Beijing with California Gov. Gavin Newsom. Newsom is on a weeklong tour of China where he is pushing for climate cooperation. His

By MARK STEVENSON and MARÍA VERZA Associated Press ACAPULCO, Mexico (AP) — A day after Hurricane Otis roared ashore in Acapulco, unleashing massive floods and setting off looting, the resort city of nearly 1 million descended into chaos, leaving residents without electricity or internet service as the toll remained uncertain. The early images and accounts

By BRIAN MELLEY Associated Press KYBURZ, Calif. (AP) — On a mountainside where walls of flames torched the forest on their way toward Lake Tahoe in 2021, blackened trees stand against a gray sky. “If you can find a live tree, point to it,” Hugh Safford, an environmental science and policy researcher at the University

The Associated Press BANGKOK (AP) — Stellantis says it plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer. The European-based maker of Jeep and Ram and Leapmotor said in a statement late Wednesday that they have formed a strategic partnership and joint venture that aims to

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — South Korea, the U.S. and Japan have strongly condemned what they call North Korea’s supply of munitions and military equipment to Russia. A joint statement issued Thursday by the top diplomats of South Korea, the U.S. and Japan said such weapons shipments will sharply increase

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares skidded Thursday in Asia after Wall Street tumbled as bond yields tightened their chokehold. U.S. futures slipped and oil prices also fell after some of the most influential U.S. companies turned in mixed profit reports. Tokyo’s Nikkei 225 sank 2.1% to 30,628.04 and the Kospi

By RAUL DOMINGUEZ Associated Press SAN ANTONIO (AP) — The Victor Wembanyama era is underway in San Antonio. Wembanyama made his NBA debut with the Spurs against the Dallas Mavericks and made an immediate splash with the world watching. The No. 1 pick in the NBA draft blocked a shot in the opening minute of

By DIDI TANG and MATTHEW LEE Associated Press WASHINGTON (AP) — In the midst of two active and potentially world-changing conflicts in the Middle East and Europe, the U.S. is hoping to find at least a small measure of common ground with China as China’s top diplomat visits Washington this week. Over three days of

By ALANNA DURKIN RICHER, ERIC TUCKER and JILL COLVIN Associated Press NEW YORK (AP) — Donald Trump isn’t used to constraints. The former president ignores and antagonizes anyone who tells him no. He built a business — and later political — brand as someone who says and does what he wants, largely without consequence. Even