AP National Business

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s yearlong effort to cool price pressures through steadily higher interest rates. Friday’s report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a

DALLAS — CIM Commercial Trust: Q4 Earnings Snapshot

By TOM KRISHER, FATIMA HUSSEIN and MATTHEW DALY Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen says rules proposed by her department will help consumers save money on electric vehicles while strengthening U.S. energy and national security. But fewer new EVs will qualify for a full $7,500 federal tax credit under the rules proposed

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By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — The foreign ministers of Cyprus, Greece and Israel say the eastern Mediterranean can provide a key energy corridor to Europe through a planned electricity cable connecting the three countries’ power grids and a potential natural gas pipeline. The three ministers met in the Cypriot capital Friday

BEIJING (AP) — Chinese state TV says a former chairman of Bank of China Ltd., one of the country’s four major state-owned lenders, is under investigation by the ruling Communist Party’s anti-corruption agency. China Central Television said on its website that Liu Liange is suspected of “serious disciplinary violations.” The one-sentence report gave no details

By ZEN SOO Associated Press HONG KONG (AP) — Huawei has reported a nearly 70% fall in profit last year amid sanctions and pandemic challenges, but saw its enterprise sales rise as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerability to U.S. sanctions. Huawei says its annual revenue for

OAK BROOK, Ill. — Ascent Industries: Q4 Earnings Snapshot

By MICHELLE CHAPMAN AP Business Writer Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, headquartered in Long Beach, California, will cut 675 jobs, about 85% of its workforce, according to a

By ELENA BECATOROS and HANNA ARHIROVA Associated Press BUCHA, Ukraine (AP) — Russia has used it long-range arsenal to bombard anew several areas of Ukraine. The attacks killed at least two civilians and damaged homes. The bombardment Friday came as Ukrainians commemorated the anniversary of the liberation of Bucha. Ukrainian President Volodymyr Zelenskyy said that

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stocks and Wall Street futures rose Friday ahead of a United States inflation update that traders hope might prompt the Federal Reserve to ease plans for more interest rate hikes. London and Frankfurt opened higher. Shanghai and Tokyo advanced. Oil prices declined. Wall Street rose

STOKE-ON-TRENT, England (AP) — A British manufacturer of fine bone china is busy making “God Save The King” commemorative plates and mugs for King Charles II’s May 6 coronation. Craftspeople at the Duchess China factory in the central England city of Stoke-on-Trent painted delicate gold edges on more teacups and saucers this week to make

By ZEN SOO Associated Press HONG KONG (AP) — Huawei on Friday reported a nearly 70% fall in profit last year amid sanctions and pandemic challenges, but saw its enterprise sales rise as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerability to U.S. sanctions. Huawei said Friday that its

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Six members of the crew on a Liberia-flagged tanker that that was boarded by pirates earlier this month in West Africa’s Gulf of Guinea, are being held hostages. The French Navy that was patrolling the area, found the Monjasa Reformer north of where it had

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TORONTO — Seabridge Gold: Q4 Earnings Snapshot