AP National Business

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are dropping Friday as worries about the banking system outweigh a highly anticipated report that showed pay raises for workers are slowing and other signals that Wall Street wants to see of pressure on inflation cooling. The S&P 500 was 0.8% lower in early

LONDON (AP) — U.K. authorities have dropped fraud charges against former executives of security firm G4S, saying it is “no longer in the public interest” to continue the decade-old case. The Serious Fraud Office opened an investigation in 2013 into allegations the company had overcharged by millions of pounds on contracts to monitor offenders using

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. The unemployment rate rose to 3.6%, from a 53-year low of 3.4%, as more Americans

By JOE McDONALD and MATT OTT AP Business Writers Wall Street futures were modestly lower Friday ahead of a U.S. job market update amid unease about possible further interest rate hikes. Futures for the Dow Jones Industrial Average slipped 0.3% and futures for the S&P 500 were off 0.2%. The S&P 500 index fell Thursday

By SYLVIE CORBET and JILL LAWLESS Associated Press PARIS (AP) — U.K. Prime Minister Rishi Sunak is meeting in Paris with French President Emmanuel Macron in efforts to mend relations following post-Brexit tensions; improving military and business ties; and toughening efforts against Channel migrant crossings. The French-British summit is the first since 2018. It is

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By RAF CASERT Associated Press BRUSSELS (AP) — The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year. The EU’s statistical agency Eurostat announced Friday that the average price of an egg — that important staple for poor

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By KELVIN CHAN AP Business Writer LONDON (AP) — Total pay for BP’s CEO more than doubled to $12 million last year. The disclosure Friday from the London-based energy giant came a day after rival Shell reported a similar multimillion-dollar pay package for its top executive on the heels of both companies posting their highest-ever

LONDON (AP) — Trains were canceled, some schools were shut and drivers were stuck for hours on a major highway as a blast of snow and wind hit Britain on Friday for the second time in a week. The weather system, named Storm Larisa by meteorologists, brought gales and blizzards to much of the country.

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has formally set the country’s parliamentary and presidential elections for May 14. That’s a month earlier than scheduled despite the devastating Feb. 6 earthquake that killed about 50,000 people in Turkey and Syria. Erdogan is seeking to extend his two decades

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has formally set the country’s parliamentary and presidential elections for May 14. That’s a month earlier than scheduled despite last month’s devastating earthquake. Edrogan is seeking to extend his two decades in power. The elections could be the country’s most significant vote in decades. It will

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BEIJING (AP) — China has accused Canada of smearing its reputation over allegations China is secretly operating two overseas Chinese police stations in Quebec. Foreign Ministry spokesperson Mao Ning said Friday that Canada should “stop sensationalizing and hyping the matter and stop attacks and smears on China,” but did not deny the existence of the

By KARL RITTER and MSTYSLAV CHERNOV Associated Press KYIV, Ukraine (AP) — Ukraine’s capital had most of its power supply restored Friday, officials said, as the country again responded swiftly and defiantly to the latest Russian missile and drone barrage targeting critical infrastructure. In what has become a familiar Russian tactic since early October, the

By AAMER MADHANI and RAF CASERT Associated Press WASHINGTON (AP) — President Joe Biden and European Commission President Ursula von der Leyen are set to outline a plan that the White House hopes can turn the page on a spat between the U.S. and European Union over electric vehicle tax credits. They’re expected to agree