AP National Business

By SHEIKH SAALIQ and KRUTIKA PATHI Associated Press NEW DELHI (AP) — Days after India banned a BBC documentary that examines Prime Minister Narendra Modi’s role during 2002 anti-Muslim riots, authorities are scrambling to halt screenings of the program in colleges and universities and restricting clips of it on social media. Critics have decried the

By MOGOMOTSI MAGOME Associated Press PRETORIA, South Africa (AP) — U.S. Treasury Secretary Janet Yellen has discussed South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance minister. Yellen made brief remarks to reporters Thursday ahead of a meeting with Finance Minister Enoch Godongwana in Pretoria

By MOGOMOTSI MAGOME Associated Press PRETORIA, South Africa (AP) — U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance minister. Yellen made brief remarks to reporters Thursday ahead of a meeting with Finance Minister Enoch Godongwana in Pretoria

ISLAMABAD (AP) — Cash-strapped Pakistan’s currency has plunged against the dollar after the government indicated it was ready to comply with tough conditions set by the International Monetary Fund. Pakistan is seeking a crucial installment of a $1.1 billion loan from the fund, part of its $6 billion bailout package, to avoid default. The rupee

By JARI TANNER Associated Press HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia is reporting strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio. The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October-December period on Thursday, 27% more than

BERLIN (AP) — Germany-based software company SAP says it’s cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce. The announcement on Thursday came as the company reported a sharp drop in profits and amid a broader wave of technology industry job cuts. Google, Amazon, Microsoft and other tech giants announced mass layoffs

By JOE McDONALD AP Business Writer BEIJING (AP) — Global stock markets rose Thursday amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. London, Frankfurt and Hong Kong advanced. Tokyo declined. Markets in China, India and Australia were closed for holidays. Wall Street futures were higher after U.S. markets

By TERRY TANG and DEEPA BHARATH Associated Press MONTEREY PARK, Calif. (AP) — For decades, Monterey Park has been a haven for Asian immigrants seeking to maintain a strong cultural identity — and a culinary heaven worth visiting for anybody near Los Angeles craving authentic Asian cuisine. Signs across the vibrant suburb are written in

By SCOTT SONNER Associated Press SPARKS, Nev. (AP) — Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker. The company confirmed it

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy likely rolled out of 2022 with momentum, registering decent growth in the face of painful inflation, high interest rates and rising concern that a recession may be months away. Economists have estimated that the gross domestic product — the broadest measure of economic

By SCOTT SONNER Associated Press SPARKS, Nev. (AP) — Tesla said it intends to invest $3.6 billion to expand manufacturing capabilities in Nevada and is confident growing software-related profits, reflected in record net income reported Wednesday for the fourth quarter of last year, will keep margins higher than any other automaker. The company confirmed it

By DAVID RISING Associated Press BANGKOK (AP) — The production of opium in Myanmar has flourished since the military’s seizure of power, with the cultivation of poppies up by a third in the past year as eradication efforts have dropped off and the faltering economy has led more people toward the drug trade, according to

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Thursday amid hopes Western economies can avoid a recession despite higher interest rates to cool inflation. Hong Kong and Seoul advanced. Tokyo declined. Markets in China, India and Australia were closed for holidays. Wall Street ended Wednesday little changed after recovering

By DAVID RISING Associated Press BANGKOK (AP) — The United Nations says the production of opium in Myanmar has flourished since the military’s seizure of power. The cultivation of poppies is up by a third in the past year as eradication efforts have dropped off and the faltering economy has led more people toward the

By JUAN ZAMORANO Associated Press PANAMA CITY (AP) — The U.S. State Department has banned former Panama President Ricardo Martinelli from ever traveling to the United States. The department said wednesday that it has designated Martinelli for participating in “significant corruption” in awarding government contracts. The ban also applies to two of the former president’s

By JUAN ZAMORANO Associated Press PANAMA CITY (AP) — The U.S. State Department has banned former Panama President Ricardo Martinelli from ever traveling to the United States. The department said wednesday that it has designated Martinelli for participating in “significant corruption” in awarding government contracts. The ban also applies to two of the former president’s

By JUAN ZAMORANO Associated Press PANAMA CITY (AP) — Two sons of former Panama President Ricardo Martinelli returned to Panama after completing prison sentences in the United States for laundering millions of dollars in bribes from Brazilian construction giant Odebrecht. Luis Enrique Martinelli Linares and Ricardo Martinelli Linares arrived Wednesday evening, according to an official