AP National Business

NORWALK, Conn. — Reeds: Q1 Earnings Snapshot

BERLIN (AP) — The world is set to add a record amount of renewable electricity capacity this year as governments and consumers seek to offset high energy prices and take advantage of a boom in solar power. The International Energy Agency said Thursday that high fossil fuel prices and concerns about energy security had boosted

CHASKA, Minn. — Lifecore Biomedical: Fiscal Q3 Earnings Snapshot

DODGEVILLE, Wis. — Lands’ End: Fiscal Q1 Earnings Snapshot

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis. France’s CAC 40 gained 0.9% in early trading to 7,163.56, while Germany’s DAX jumped 1.1% to 15,833.44. Britain’s FTSE 100 edged

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe is getting a break on inflation. Price increases for the 20 countries that use the euro fell to 6.1% in May. That’s down from 7% in April. But that doesn’t feel like much relief for people going shopping for food and other necessities. That’s

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s Central Bank has reduced its interest rates for the first time since the island nation declared bankruptcy last year. Stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program has resulted in inflation slowing faster than expected. The

By DAVID HAMILTON AP Business Writer SAN FRANCISCO (AP) — The hottest thing in technology is an unprepossessing sliver of silicon closely related to the chips that power video game graphics. It’s an artificial intelligence chip, designed specifically to make building AI systems such as ChatGPT faster and cheaper. Such chips have suddenly taken center

By YURI KAGEYAMA Associated Press OYAMA, Japan (AP) — In a sprawling circuit near Mount Fuji, a humble Corolla running on liquid hydrogen has made its racing debut, part of a move to bring the futuristic technology into the racing world and to demonstrate Toyota’s resolve to develop green vehicles. Toyota Chairman Akio Toyoda, resplendent

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Veering away from a default crisis, the House overwhelmingly approved a debt ceiling and budget cuts package, sending the deal that President Joe Biden and Speaker Kevin McCarthy negotiated to the Senate for swift passage in a matter of days,

By MIKE SCHNEIDER Associated Press ORLANDO, Fla. (AP) — Tens of thousands of LGBTQ+ people are flocking to central Florida this weekend to go on theme park rides, mingle with costumed performers, dance at all-night parties and lounge poolside at hotels during Gay Days, a decades-long tradition. Even though Gov. Ron DeSantis and Florida lawmakers

By CHRIS MEGERIAN and MATTHEW DALY Associated Press WASHINGTON (AP) — Despite weeks of negotiations, the White House and House Republicans were unable to reach a comprehensive agreement to overhaul environmental regulations and streamline federal permitting as part of their budget deal. Although the measure falls short of the comprehensive overhaul that the White House

By FATIMA HUSSEIN and KEVIN FREKING Associated Press WASHINGTON (AP) — While Republicans seek to make good on campaign promises to cut IRS funding through the proposed debt ceiling and budget cuts package now moving through Congress, Democrats are offering assurances that the spending cuts will have little impact on the federal tax collector. The

WASHINGTON (AP) — Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law and deceived parents by keeping for years kids’ voice and location data recorded by its popular Alexa voice assistant. Separately, the company agreed to pay $5.8 million in customer refunds

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis. But the enthusiasm was muted by worries about the Chinese economy after disappointing recent data on a recovery in the world’s

By KARL RITTER and CHARLENE PELE Associated Press STOCKHOLM (AP) — Summer is in the air, cigarette smoke is not, in Sweden’s outdoor bars and restaurants. Sweden, which has the lowest rate of smoking in the Europe Union is now close to declaring itself “smoke free” — defined as having fewer than 5% daily smokers

By LISA MASCARO, KEVIN FREKING, STEPHEN GROVES and FARNOUSH AMIRI Associated Press WASHINGTON (AP) — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and

By SCOTT McFETRIDGE, TRISHA AHMED and ERIN HOOLEY Associated Press DAVENPORT, Iowa (AP) — Residents of a partially collapsed six-story building in Davenport are trying Wednesday to move on with their lives after being forced out of their apartments. Two of the building’s residents are missing and believed to be in the rubble. An additional

DETROIT (AP) — Jaguar is recalling more than 6,000 I-Pace electric SUVs in the U.S. due to the risk of a battery fire, and it’s telling owners to park them outdoors. The recall is the latest in a series of electric vehicle battery recalls because of possible fires. Documents posted Wednesday by U.S. safety regulators

By ED KOMENDA Associated Press SEATTLE (AP) — Telling executives to “strive harder,” hundreds of corporate Amazon workers protested what they decried as the company’s lack of progress on climate goals and an inequitable return-to-office mandate during a lunchtime demonstration at its Seattle headquarters Wednesday. The protest came a week after Amazon’s annual shareholder meeting