AP National Business

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks are mostly higher in Europe and Asia after another broad rally on Wall Street as investors wager that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Oil prices fell back. Shares rose in Paris, London, Tokyo and Shanghai

By GRANT PECK Associated Press BANGKOK (AP) — Facebook’s parent company Meta has announced a new ban on postings linked to Myanmar’s military to include all pages, groups, and accounts representing military-controlled businesses. It had already banned advertising from such businesses in February. The February action, which also banned military and military-controlled state and media

TOKYO (AP) — Japan has downgraded its growth estimate for the last quarter, saying weaker consumer spending and trade resulted in a 3.6% contraction. The government’s revised estimate Tuesday compared with an earlier estimate of minus 3.0% growth. The world’s third-largest economy has been mired in recession and struggling to recover from the impact of

By KIRSTEN GRIESHABER Associated Press BERLIN (AP) — German police and customs officers have conducted dozens of raids and arrested at least nine people in a crackdown on the alleged human trafficking of temporary workers from outside the European Union. Authorities say they are investigating around 20 suspects for suspected involvement in allegedly forging EU

SACRAMENTO, Calif. (AP) — A company once owned by “Pharma Bro” Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4 ,000% after obtaining exclusive rights to the drug. The Federal Trade Commission announced the settlement Tuesday. The FTC and seven

By FRANK BAJAK and BARBARA ORTUTAY Associated Press Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites. The service provides remote computing services to many companies, governments and universities and companies, including The Associated Press. For roughly five hours, companies dependent on Amazon’s web services network to run their operations

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Oil prices fell back. Shares rose in Tokyo, Shanghai and Seoul, while Hong Kong was

TOKYO (AP) — Japan has downgraded its growth estimate for the last quarter, saying weaker consumer spending and trade resulted in a 3.6% contraction. The government’s revised estimate Tuesday compared with an earlier estimate of minus 3.0% growth. The world’s third-largest economy has been mired in recession and struggling to recover from the impact of

By HALELUYA HADERO AP Business Writer A spokesperson for the company that runs the philanthropy of Facebook’s Mark Zuckerberg and his wife, Priscilla Chan, said the company is investing up to $3.4 billion to advance human health over 10 to 15 years. The Chan Zuckerberg Initiative, or CZI, announced Tuesday its new effort is aiming

By CALEB JONES Associated Press HONOLULU (AP) — Flash flood warnings have been canceled for Hawaii, but the threat of heavy rain is persisting as a slow-moving storm system lingers over parts of the state. Rain was tapering off on Oahu on Tuesday, but bands of precipitation were still possible. And the threat of heavy

By RANDALL CHASE Associated Press DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator. The judge said she was compelled to remove Kevin Carey after the Boy Scouts named him as the initial “special reviewer” who would

Associated Press Associated Press Amazon’s cloud-service network suffered a major outage Tuesday, the company said, disrupting access to many popular sites. The service provides remote computing services to many governments, universities and companies, including The Associated Press. For roughly five hours, companies dependent on Amazon’s web services network to run their operations struggled to find

By KEN RITTER Associated Press LAS VEGAS (AP) — One of the nation’s largest health insurance companies and its branches in Nevada have been found liable for $60 million in punitive damages for underpaying out-of-network emergency medical providers. A state court jury says three plaintiffs headed by urgent care staffing service TeamHealth should each receive

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Intel, AutoZone rise; Clorox, HealthEquity fall.

MEXICO CITY (AP) — Mexico’s Agriculture Department says it has reached agreement with U.S. authorities on a working plan to allow avocados from a second Mexican state to be exported to the United States. For almost 25 years, Mexico has been allowed to export avocados only from one western Mexico state — Michoacan. Under an

By JOSH FUNK AP Business Writer Kellogg’s workers have overwhelmingly rejected a new contract that would have given them 3% raises, so the strike that began Oct. 5 will continue at the company’s four U.S. cereal plants. The union that represents the 1,400 workers released the results of the contract vote on Tuesday. Besides the

By MATTHEW DALY and DAVID PITT Associated Press WASHINGTON (AP) — The Biden administration has lowered annual production requirements for ethanol and other biofuels to account for reduced demand as a result of the coronavirus pandemic. At the same time, the administration is moving to reject requests by small oil refineries to be exempted from

By JOSH BOAK Associated Press President Joe Biden says Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency will be withdrawn. Her candidacy has faced steep resistance in the Senate with Republican lawmakers criticizing her vision for banking regulation and her birthplace in the former Soviet Union. Omarova is a law