AP National Business

By TOM KRISHER and MIKE HOUSEHOLDER Associated Press DETROIT (AP) — Two men who began their careers on factory floors are competing to lead the 373,000 members of the United Auto Workers, a union that helps set standards for wages across the nation’s manufacturing sector. It will be the first-ever direct election of a UAW

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is rising further Thursday, led by excitement around tech stocks following the earnings report of Facebook’s parent company. The S&P 500 was 0.9% higher in early trading a day after hitting its highest level since the summer. The Nasdaq composite was 2.4% higher,

By MIKE STOBBE AP Medical Writer NEW YORK (AP) — U.S. health officials are advising people to stop using over-the-counter eye drops that have been linked to an outbreak of drug-resistant infections. The Centers for Disease Control and Prevention on Wednesday night sent a health alert to physicians, saying the outbreak includes at least 55

By MOSA’AB ELSHAMY and JOSEPH WILSON Associated Press RABAT, Morocco (AP) — The governments of Spain and Morocco have signed deals on managing migration and boosting Spanish investment in Morocco. They were among 20 agreements reached at wide-ranging meetings aimed at turning the page on diplomatic tensions linked to the disputed Western Sahara. Spanish Prime

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has hiked interest rates by another half-point and vows a similar hike at its next meeting. ECB President Christine Lagarde said Thursday that even beyond an intended hike in March, “we know that we are not done.” The bank is aggressively

By MATT OTT AP Business Writer U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Reserve as it attempts to cool the economy and bring down inflation. Applications for jobless aid in the U.S. for

By GLENN GAMBOA AP Business Writer Entrepreneur Joe Gebbia donated $25 million to The Ocean Cleanup Thursday to support the nonprofit’s efforts to remove plastic from the world’s oceans and rivers. Experts in the field welcome both the donation and the attention to the issue of ocean sustainability, pointing out that it receives the least

By JOVANA GEC Associated Press BELGRADE, Serbia (AP) — Serbia’s populist president has warned during a chaotic parliamentary session that the Balkan nation could become a European “pariah” state if it rejects a Western plan for normalizing relations with Kosovo. President Aleksandar Vucic faced a hostile reception from right-wing opposition lawmakers on Thursday. They urged

By SUSIE BLANN Associated Press KYIV, Ukraine (AP) — Russian missiles hit residential areas in an eastern Ukrainian city Thursday for the second time in 24 hours, while top European Union officials held talks with the government in Kyiv as the war with Russia approaches its one-year milestone. The latest strikes in Kramatorsk came as

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has gone big again, with another half-point interest rate increase. The bank on Thursday also vowed a similar hike in March. It’s aggressively raising rates to fight inflation that has slowed but is still way too high at 8.5% annually. The

By JOE McDONALD and MATT OTT AP Business Writers Futures on Wall Street were mixed Thursday, one day after the Federal Reserve said the U.S. economy is moving toward lower inflation but that more interest rate increases are planned. Futures for the S&P 500 rose 0.4% while futures for the Dow Jones Industrial Average fell

By KRUTIKA PATHI Associated Press NEW DELHI (AP) — India’s Gautam Adani was Asia’s richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation. He isn’t now. The allegations spooked investors, who dumped tens of billions of dollars worth

By CARA ANNA Associated Press NAIROBI, Kenya (AP) — Africa’s public health agency says countries with deadly cholera outbreaks on the continent have no “immediate access” to vaccines amid a global supply shortage. The acting director of the Africa Centers for Disease Control and Prevention told journalists on Thursday that the agency is working with

By DANICA KIRKA Associated Press LONDON (AP) — The Bank of England has raised interest rates by half a percentage point as it sought to tame double-digit inflation that is fueling a cost-of-living crisis, public-sector strikes and fears of recession. The bank’s monetary policy committee voted Thursday to push its key rate to 4%. It’s

By KATE ASHFORD of NerdWallet A new year means changes to Medicare, including updated premiums and deductibles and sometimes big policy moves. In 2023, there’s a little of everything: Some costs have gone down, others have increased, and there are some notable tweaks to how Medicare works. Understanding what’s new can help you get the

By JILL LAWLESS Associated Press LONDON (AP) — The U.K. government says is responding to “deeply shocking” revelations that debt collectors working for British Gas broke into customers’ homes to install prepay gas meters that left vulnerable people at risk of having their heating cut off. British Gas parent company Centrica PLC said it had

COPENHAGEN, Denmark (AP) — Prime Minister Jonas Gahr Støre of Norway says the oil-rich Scandinavian country will become one of the world’s top donors to Ukraine when his government presents another planned military and civilian aid package. Gahr Støre told the Norwegian parliament on Thursday that profits from oil will finance the additional aid, He

COPENHAGEN, Denmark (AP) — Prime Minister Jonas Gahr Støre of Norway says the oil-rich Scandinavian country will become one of the world’s top donors to Ukraine when his government presents another planned military and civilian aid package. Gahr Støre told the Norwegian parliament on Thursday that profits from oil will finance the additional aid, He

RABAT, Morocco (AP) — The governments of Spain and Morocco have held wide-ranging meetings aimed at improving historically fraught ties and striking deals on customs crossings and business development. Spanish Prime Minister Pedro Sánchez arrived in Rabat on Wednesday along with 11 government ministers. Sánchez met with Moroccan Prime Minister Aziz Akhannouch on Thursday while