AP National Business

By KRUTIKA PATHI Associated Press NEW DELHI (AP) — Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.” The report last week from U.S.-based Hindenburg attacked India’s second largest conglomerate

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe’s economy scraped out meager gains at the end of last year as galloping inflation fed by high energy prices and Russia’s invasion of Ukraine deterred people from spending in shops and restaurants. Economic output crept 0.1% higher in the last three months of 2022,

BRUSSELS (AP) — More than 10,000 people have protested through central Brussels to demand better working conditions and more pay in the care sector which have been especially hard-hit during the COVID-19 crisis. Trade union activists and workers demand that more people be hired in hospitals and care homes for older people and that pay

By JOSH BOAK Associated Press NEW YORK (AP) — President Joe Biden has arrived in New York City to showcase a $292 million mega grant that’ll be used to help build a rail tunnel beneath the Hudson River. The mega grant is part of an effort to draw a contrast between the Democratic president’s economic

By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Experts are warning that Nigeria’s push to replace its paper money with newly designed currency notes has created a shortage of cash. They say people can’t buy what they need and businesses have closed in Africa’s largest economy. Ayokunle Olubunmi of Nigeria’s main ratings agency, Agusto

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares declined in muted trading on Tuesday as investors awaited decisions on interest rates and updates on corporate earnings reports from around the world. The Federal Reserve’s next decision on interest rates, expected Wednesday, will provide insight into whether the U.S. central bank will further

By GENE JOHNSON Associated Press SEATTLE (AP) — Boeing bid farewell to an icon Tuesday: It delivered its final 747 jumbo jet. Since it debuted in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, and the Air Force One presidential aircraft. It revolutionized international travel.

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares mostly fell in muted trading Tuesday as investors awaited decisions on interest rates and earnings reports from around the world. Traders were awaiting the U.S. Federal Reserve’s decision on interest rates, expected on Wednesday. They are also watching for indicators on the Chinese economy,

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which

DALLAS (AP) — More than 1,000 flights were cancelled and many more delayed as Texas and nearby states dealt with freezing temperatures and wintry precipitation. Nearly 350 flights were canceled Monday at Dallas Fort Worth and more than 200 at Dallas Love Field, according to the tracking service FlightAware. About 4,700 flights were delayed nationwide.

SEOUL, South Korea (AP) — Samsung Electronics says its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The South Korean company’s operating profit of $3.5 billion for the three months through December fell 69% from a year earlier. That

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which

DALLAS (AP) — More than 1,000 flights were cancelled and many more delayed as Texas and nearby states dealt with freezing temperatures. Nearly 350 flights were canceled Monday at Dallas Fort Worth and more than 200 at Dallas Love Field, according to the tracking service FlightAware. About 4,700 flights were delayed nationwide. Southwest scrubbed more

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — As California regulators explore new rules to put self-driving semitrucks on the road, labor unions are rushing to the state Legislature to ask for a new law they say will protect their jobs — the start of a debate that could shape the future of the

By DEE-ANN DURBIN AP Business Writer Ira “Bob” Born, a candy company executive known as the “Father of Peeps” for mechanizing the process to make the marshmallow chicks, has died. He was 98. Born’s father, Sam Born, was a Russian immigrant who founded Just Born Quality Confections, a small candy company, in 1923. The family

By STEVE KARNOWSKI Associated Press ST. PAUL, Minn. (AP) — The Minnesota Court of Appeals on Monday upheld the state’s “Clean Car Rule,” which ties the state’s vehicle emission standards to California regulations, as judges accepted assurances that California’s planned phaseout of gasoline-powered cars won’t automatically apply in Minnesota. A three-judge panel rejected the arguments

By DEE-ANN DURBIN AP Business Writer Ira “Bob” Born, a candy company executive known as the “Father of Peeps” for mechanizing the process to make the marshmallow chicks, has died. The Lehigh Valley News reports that he was 98. Born’s father, Sam Born, was a Russian immigrant who founded Just Born Inc., a small candy