AP National Business

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By CORA LEWIS Associated Press NEW YORK (AP) — The Supreme Court is meeting Tuesday to hear two cases challenging President Joe Biden’s student loan forgiveness plan. At stake: forgiveness of up to $20,000 in debt for more than 40 million Americans. Nearly half of those people could have their federal student debt wiped out

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s lower house of parliament has approved a 114 trillion yen ($836 billion) budget for the next fiscal year. It includes a record 6.8 trillion yen ($50 billion) in defense spending, part of a military buildup as China’s influence in the region grows. The 2023 defense budget,

By JILL LAWLESS Associated Press LONDON (AP) — U.K. Prime Minister Rishi Sunak is in Belfast to sell his landmark agreement with the European Union to its toughest audience. That is unionist politicians who fear post-Brexit trade rules are weakening Northern Ireland’s place in the United Kingdom. The U.K. and the EU struck a deal

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares were lower in Europe on Tuesday after a mixed session in Asia following a reprieve on Wall Street from selling pressure driven by worries over inflation and interest rates. U.S. futures declined and oil prices advanced. Benchmarks rose in Tokyo, Seoul and Shanghai but fell

By SAMYA KULLAB Associated Press KUPIANSK, Ukraine (AP) — A tank carrying Ukrainian infantry speeds toward a target position marked with a metal sheet. The soldiers climb down, hurl grenades and unleash a crackle of machine-gun fire. Then they repeat the moves, getting faster with every iteration. It’s only a drill. But with the sounds

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares were mostly higher Tuesday in Asia after Wall Street benchmarks clawed back some losses from their worst week since early December. Tokyo, Seoul, Sydney and Shanghai advanced while Hong Kong and Mumbai declined. Stocks have come under selling pressure as analysts raised forecasts for how

By JENNIFER O’MAHONY Associated Press MADRID (AP) — Spain is building on its reputation in renewable energy to position itself as Europe’s future leader in green hydrogen. But industry players and experts express caution over ramping up an industry that would be wholly reliant on massive increases in the availability of zero-carbon electricity. Spain’s Minister

By KEVIN FREKING Associated Press WASHINGTON (AP) — A special House committee dedicated to countering China will make its debut on Tuesday, the opening act in what lawmakers hope will be a robust effort to overcome partisan divisions and address a “generational challenge” to America’s national security. The committee’s chairman, Rep. Mike Gallagher, R-Wis., says

By MARK SHERMAN Associated Press WASHINGTON (AP) — The Supreme Court is taking up a partisan legal fight over President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans. The high court, with its 6-3 conservative majority, is hearing arguments on Tuesday in two challenges to the plan, which

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares climbed in Asia on Tuesday after Wall Street benchmarks clawed back some losses from their worst week since early December. Stocks have come under selling pressure as analysts have raised forecasts for how high the Federal Reserve will take interest rates and how long it

By KANIS LEUNG Associated Press HONG KONG (AP) — Hong Kong will lift its mask mandate Wednesday, ending the city’s last major restriction imposed during the COVID-19 pandemic. The city’s Chief Executive John Lee said the requirement will end outdoors and indoors, including public transit, but some high-risk premises can still require people to wear

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — North Korean ruler Kim Jong Un has called for stronger public solidarity behind his leadership to significantly increase grain production. The remarks reported Tuesday come as outside experts say North Korea is experiencing a serious shortfall in food, though they’ve seen no signs yet of

By SEUNG MIN KIM Associated Press WASHINGTON (AP) — The White House is giving all federal agencies 30 days to wipe TikTok off all government devices, as the Chinese-owned social media app comes under increasing scrutiny in Washington over security concerns. The Office of Management and Budget calls the guidance, issued Monday, a “critical step

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